Latest News, Updates & Breaking Headlines
Bhubaneswar: Two Indian Revenue Service (IRS) officers, part of a delegation to Lok Bhavan on a courtesy meeting with governor Hari Babu Kambhampati, were allegedly evicted by the staff and forcibly taken to Capital police station on Thursday. The incident has triggered a backlash with Lok Bhavan ordering a probe.The alleged high-handedness was detailed in…
MUMBAI: RBI deputy governor Swaminathan J said AI deployment must ensure human accountability, explainable decisions and inclusion, as Reserve Bank of India outlined a framework to balance innovation with accountability in the financial sector. Delivering the V Narayanan Memorial Lecture at SASTRA University, Swaminathan J said AI is rapidly reshaping finance across customer service, credit…
US Ambassador to India Sergio Gor on Sunday concluded his visit to Mumbai, describing it as a “very successful trip.” He said the engagements helped build strong momentum in trade and other key areas of cooperation between India and the United States.In a post on X, Gor said his engagements in Mumbai reflected the breadth…
Minnesota Governor Tim Walz, the VP pick of Kamala Harris for the 2024 presidential election, Monday announced that he is dropping out of the governor’s race in the wake of the massive scam that allegedly took place under his watch. The announcement was expected but he did not mention anything about the alleged scam and…
MUMBAI: RBI deputy governor Poonam Gupta defended the central bank’s inflation projections, saying there is “no systematic bias” in forecasts issued by the Monetary Policy Committee. Speaking at a workshop here on Wednesday, she said inflation forecasting is difficult everywhere, “equally challenging in India, if not more so”, because of the high food weight in…
NEW DELHI: The Tamil Nadu govt’s 2023 writ petition accusing the governor of deliberately not acting on 10 bills passed by the state assembly had led a two-judge Supreme Court bench to pen a 415-page judgment on April 8, stripping the constitutional heads of states of the minimal discretionary power conferred on them by the…
A section of MAGA is upset that Vivek Ramaswamy has Trump’s endorsement but Marjorie Taylor Greene doesn’t. Amid MAGA mayhem triggered by President Donald Trump’s rage against Marjorie Taylor Greene, GOP leader Vivek Ramaswamy still dominated social media chatter as MAGA supporters exclaimed that Trump rescinded support for Marjorie but made a fresh endorsement for…
RBI Governor Sanjay Malhotra on Friday said gold prices may now be acting as a fresh barometer of global uncertainty, similar to how crude oil once reflected geopolitical risks, even as he cautioned of a potential correction in global equity markets.Speaking at the Kautilya Economic Conclave 2025, Malhotra noted that despite widespread fiscal stress, oil…
India’s strong economic fundamentals have positioned the country as a pillar of stability in a turbulent world, Reserve Bank governor Sanjay Malhotra said on Friday.He stated that the ongoing trade policy landscape restrictions could perhaps pose permanent damage to the growth of some economies, though India remains firm.“This is quite a feat…makes India stand out…
MUMBAI: Public sector banks must build forward-looking capital buffers aligned to their risk profile and growth ambitions rather than simply meeting regulatory minimums, Reserve Bank of India deputy governor Swaminathan J told public sector bankers. The deputy governor said that that there is a need for PSBs to protect their resilience at the time when…
