In a significant development for India’s financial sector, Sanjay Malhotra has been appointed as the new Governor of the Reserve Bank of India (RBI). Malhotra succeeds Shaktikanta Das, whose tenure saw pivotal changes in the country’s monetary policy framework and financial system. Malhotra, who served as the Secretary of the Department of Financial Services
Security arrangements in Panipat have been intensified ahead of Prime Minister Narendra Modi’s visit today. The visit is scheduled for the inauguration of key projects and includes a public address. Local authorities, along with state police, have ensured robust security measures to maintain order and safety during the event. Deployment of Police Forces A significant […]
The northeastern region of India is witnessing a significant surge in infrastructure development following a 300% increase in budget allocation over the past decade. The government’s focused investments are driving growth across multiple sectors, including railways, roadways, and aviation, aiming to enhance connectivity and foster regional development. The initiatives are
During a pre-budget meeting with Finance Minister Nirmala Sitharaman, farmer representatives urged the government to enhance the PM-Kisan Nidhi annual support to ₹12,000, citing the rising costs of agricultural inputs and the financial struggles faced by small and marginal farmers. The meeting aimed to gather stakeholder feedback for the Union Budget 2024-25. Farmers
The Bharatiya Janata Party (BJP) has raised allegations against Congress leader Sonia Gandhi, claiming her association with an organization reportedly financed by a foundation linked to billionaire George Soros. This accusation has sparked political controversy, with the BJP demanding clarity from the Congress party regarding these alleged ties. BJP Questions
India’s Defense Minister Rajnath Singh began his visit to Russia on Sunday, a significant trip aimed at bolstering defense ties between the two nations. A key highlight of his visit is the commissioning of the Indian Navy’s newest stealth frigate, INS Tushil, which is set to take place at the Yantar Shipyard in Kaliningrad. Strengthening […]
Foreign investors have infused over ₹24,000 crore into the Indian equity markets in December, highlighting renewed confidence in the country’s economic outlook and its capital markets. This marks a significant rebound after a period of subdued activity by Foreign Portfolio Investors (FPIs) earlier this year. Robust FPI Inflows Signal Economic Optimism According to data
In a significant move to bolster rural credit, the government has increased the limit for collateral-free agriculture loans from ₹1.6 lakh to ₹2 lakh. The decision aims to enhance access to institutional credit for farmers and reduce their dependence on informal sources of finance. New Credit Limit to Benefit Farmers The revised credit ceiling is […]
West Bengal Chief Minister Mamata Banerjee has reignited discussions over leadership in the INDIA bloc after expressing frustration with the alliance’s coordination. Her remarks, made during a televised interview, highlighted her willingness to take charge if needed but emphasized her preference to lead from her home state. Mamata Banerjee’s Stand on Leadership
The Reserve Bank of India (RBI) significantly increased its gold reserves by adding 27 tonnes of gold in October 2024, according to the World Gold Council (WGC). This marks a substantial boost to India’s bullion holdings, reflecting the central bank’s continued strategy to diversify its foreign exchange reserves amidst global economic uncertainties.
