The last couple of years saw the RBI taking up the sheet anchor role to steer the economy. The accommodative interest-rate stance implies that it is ready to walk the extra mile to bolster the economy

We could be on the cusp of banking 2.0

Business Standard

The Reserve Bank of India (RBI), along with the Ministry of Finance, have taken various steps during FY15 that helped set up a strong base for the economy, and I expect RBI will be focused on building on the good work of the past year. We have come a long way from the days when the currency markets, money markets and equity markets were in a state of turmoil. The policy action has provided much needed stimulus and stability to the markets. The goal is to improve the ease of doing business in the country, promote manufacturing, and build a climate that propels growth, in addition to stimulating activation in the numerous financial inclusion clients who have come into the banking system.Many efforts have been taken to enhance the operating platform during FY15 in the areas of non-performing assets (NPAs), credit costs, composition of boards and corporate governance, which made it a landmark year from the perspective of regulatory/ financial changes. While it ensured that restructuring di

RBI to build on strong base

Given the current economic and political environment, it was expected that the FM would need to do some tightrope walking and major economic reforms would certainly have been difficult to carry through. There was need to improve the tax-GDP ratio while ensuring that it does not hurt growth or spur inflation.

Guest column: Budget looks more credible and realistic

An Illinois man pleaded guilty Monday to killing seven people and injuring dozens more when he opened fire on a 2022 Independence Day parade in a Chicago suburb, a stunning development moments before opening statements in his trial on murder and attempted murder charges.
Appearing in a Lake County circuit courtroom, Robert E. Crimo III, 24, withdrew his earlier not-guilty plea in the Highland Park shooting.
Prosecutors initially charged him with 21 counts of first-degree murder  three counts for each person killed  as well as 48 counts of attempted murder. Prosecutors dropped 48 less serious counts of aggravated battery before jury selection last week.
On Monday, Judge Victoria Rossetti read the charges to Crimo and asked questions to be sure he understood before accepting the plea. He was sitting next to his lawyers wearing a dark suit.
Is that what you went over with your attorneys? Rossetti asked.
Yes, Crimo replied.
He gave mostly one-word answers to her follow-up questions. 

Gun shooting, mass shooting

The Delhi Pollution Control Committee (DPCC) has proposed granting 'state' laboratory status to all labs in government colleges and those under the Delhi Jal Board to facilitate real-time water testing across the national capital, officials said on Monday.
The proposal was made during the 74th board meeting of the DPCC on February 13, 2025, at the Delhi Secretariat, where critical issues such as recruitment, pollution control measures, and infrastructure improvements were discussed, they said.
Currently, Delhi has only one state laboratory for water testing. The proposed move aims to bolster large-scale water quality monitoring and enhance data accuracy, they added.
The DPCC is also set to issue a public notice to gauge the willingness of government institutions to participate in the initiative.
"In the last meeting held in September 2024, it was directed that more labs, including Delhi Jal Board facilities and those in government colleges, be recognized as state labs to support ..

Pollution, New Delhi Pollution, Water Pollution, Yamuna, Delhi Yamuna

Sensex Today | Stock Market LIVE Updates, March 4: Overnight, the major Wall Street indices slumped with the S&P 500 falling 1.76%, the Dow Jones declining 1.48%, and Nasdaq sliding 2.64%

Domestic markets on Wednesday entered correction territory, with the benchmark Nifty and the broader market indices — Nifty Midcap 100 and Nifty Smallcap 100 — declining more than 10 per cent from their all-time highs.

Trump's executive order, signed Feb. 1, calls for 25 per cent tariffs against most of what the US imports from Canada and Mexico and 10 per cent on Canadian energy products

Canadian Foreign Minister,  Melanie Joly

Starship was slated to launch from SpaceX's Starbase facility in south Texas on a roughly one-hour mission

Starship rocket, SpaceX

At Business Standard Manthan 2025, Samir Arora set the cat among the pigeons when he argued for the abolition of capital gains tax to bring back FIIs to Indian markets

Samir Arora at BS Manthan

US President Donald Trump sparked speculation with a cryptic social media post on Monday, saying, 'Tomorrow night will be big. I will tell it like it is'

Donald Trump, Trump

The small monetary fines are a mere rap on the knuckle, especially for Asia's richest person and his Reliance conglomerate

Mukesh Ambani

These two-wheeler makers' stocks have plunged between 40 per cent and 66 per cent from their respective 52-week highs

ola electric two wheeler ev

In 2015, Tata Motors cracked by 54% following a sharp 776% rally on the BSE & NSE. This time around the correction came after 562% surge; will history repeat itself as the stock searches for a bottom?

Tata motors

Rubio expressed his belief that China "could halt" the flow of precursors immediately but opted not to, as cited in the RFA report

Marco Rubio

Thirty-three of a total of 55 BRO workers trapped under an avalanche in the high-altitude village of Mana in Uttarakhand's Chamoli district have been rescued, with concerns over the safety of the remaining 22 mounting as night fell on the snowbound slopes and the rescue efforts came to a temporary halt.
Updating the information on the rescue operations here, Uttarakhand's Disaster Management Secretary Vinod Kumar Suman said 33 trapped labourers have been rescued and 22 remain to be traced amid adverse weather conditions.
Correcting the information shared earlier, Suman said it was subsequently found out that two of the 57 labourers feared trapped in the avalanche at the Border Roads Organisation (BRO) camp were on leave and the actual number of workers trapped was 55.
While 33 of them have been rescued, 22 are yet to be traced, he added.
Suman agreed that the task is challenging as there is seven feet of snow near the avalanche site. However, more than 65 personnel are engaged in t

Avalanche

Latest news updates: Catch all the latest news developments from around the world here

JP Nadda, Nadda

The summit will be led by venture capitalist and White House crypto czar David Sacks, and will be administered by working group executive director Bo Hines, according to White House

Donald Trump crypto

The Fire Department is using fire brigades to transport Sangam water to district headquarters for fire personnel and other officials who could not attend the Maha Kumbh

Yogi Adityanath, yogi, UP CM

The father of an Indian woman on death row in Abu Dhabi has approached the Delhi High Court, seeking to know her well-being.
In his petition, which is likely to come up for hearing on Monday, Shabbir Khan -- a? resident of Banda in Uttar Pradesh --? said there was "profound uncertainty" with respect to his daughter Shahzadi's condition, and his repeated applications to the Ministry of External Affairs for clarification were "fruitless".
The plea further alleged that Shahzadi was inadequately represented before the local courts in a case pertaining to the alleged murder of her employer's four-month-old child and she was pressured into "confessing", leading to the imposition of death penalty on July 31, 2023.
"On February 14, 2025, the petitioner's daughter telephoned him from detention, informing him that she had been relocated within the facility and prior to her potential execution, her final wish was to speak with her parents," the petition said.
"The petitioner, with considerabl

gavel law cases

The 16th Finance Commission Chairman Arvind Panagariya on Saturday said India's aim to become a developed nation by 2047 is a "realisable ambition" for which the country's per-capita income needs to grow at 7.3 per cent in dollar terms to USD 14,000 over the next 24 years.
India's per-capita income, in 2023-24 dollar terms, is about USD 2,570, which is very low compared to countries like South Korea, Taiwan, United States, and other European nations.
Speaking at the 49th Civil Accounts Day, Panagariya said with the existing technology, coupled with reasonable capital accumulation and skill acquisition, India has enormous room for catching up with the per-capita income of developed nations and meet World Bank's definition of USD 14,005 per capita income annually.
Today, our per capita income in dollars is about USD 2,500. To get to USD 14,000 in 24 years or by 2047-48, what growth rate do I need for per capita income?  my per capita income from 2023-24 onward has to grow annually at 

Arvind Panagariya, Arvind

Tuhin Kanta Pandey on Saturday assumed charged as the new Sebi chief

Tuhin Kanta Pandey

The combined market valuation of eight of the top-10 most valued firms eroded by Rs 3,09,244.57 crore in a holiday-shortened last week, with Tata Consultancy Services taking the biggest hit, in line with bearish trend in equities.
Last week, the BSE benchmark gauge Sensex tanked 2,112.96 points or 2.80 per cent, and the NSE Nifty tumbled 671.2 points or 2.94 per cent.
In February alone, the Nifty dropped 1,383.7 points or 5.88 per cent. The Sensex lost 4,302.47 points or 5.55 per cent.
The market valuation of Tata Consultancy Services (TCS) plunged Rs 1,09,211.97 crore to Rs 12,60,505.51 crore, the most among the top-10 firms. With the sharp decline in its market valuation TCS slipped to the third rank in the top-10 most valued firms chart from the previous second place. HDFC Bank overtook TCS to become the second most valuable firm.
The valuation of Infosys tanked Rs 52,697.93 crore to Rs 7,01,002.22 crore.
Bharti Airtel's market valuation eroded by Rs 39,230.1 crore to Rs ...

TCS, Tata Consultancy

For Modi/BJP supporters, Deep State is some amorphous entity, including global foundations, Left-activist corporations and investors, and also intelligence proliferations working in cahoots with them