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2:20 PM

Subramania Bharati was a profound thinker dedicated to serving Maa Bharati: PM Modi

"Subramania Bharati Ji was a profound thinker dedicated to serving Maa Bharati. Despite the pandemic in 2020, we commemorated the 100th death anniversary of Subramania Bharati," PM Modi said today. 

2:08 PM

Naxalite killed in encounter, 2 security personnel injured in IED blast

A Naxalite was killed in an encounter with security personnel in Chhattisgarh's Bijapur district on Wednesday, police said. Two security personnel also sustained injuries in an improvised explosive device (IED) blast triggered by Naxalites during the same operation, they said.

1:53 PM

Need to differentiate between financial, non-financial regulation: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran today stated that there is a need to differentiate between regulation of financial and non-financial sectors as competition in financial sector can lead to excessive risk taking and bring instability. "We do need to make a distinction between regulation with respect to financial sector and regulation with respect to non-financial sector of the economy," Nageswaran said at the CII Global Economic Policy Forum 2024.

1:44 PM

PSBs expected to reach unachievable targets without level playing field, says Rahul Gandhi

Gandhi met a delegation from the All India Banking Officers Confederation and accused the government of using public sector banks as private financiers for "only the rich and powerful corporations." "Public Sector Banks are being forced to prioritise profit over people and are thus unable to serve the public effectively. With staff shortages and a toxic work environment, they are expected to reach unachievable targets without a level playing field," Gandhi said.

1:19 PM

Ajay Seth gets additional charge of revenue as Malhotra becomes RBI guv

The Appointment Committee of the Cabinet has assigned the additional charge of the post of revenue secretary in the finance ministry to Economic Affairs Secretary Ajay Seth. Read here for more details.

1:16 PM

Adani opts out of US funding for its Colombo Port project

Billionaire Gautam Adani's group has pulled out of a loan deal with a US agency to fund a port terminal in Sri Lanka, saying it will use its own resources for the project. In an exchange filing late on Tuesday, Adani Ports and Special Economic Zone Ltd (APSEZ) said the project "is on track for commissioning by early next year". "The project will be financed through the company's internal accruals and capital management plan," the firm said. "We have withdrawn our request for financing from the International Development Finance Corporation (DFC)".

12:41 PM

Will work to understand all perspectives, do what's best: Sanjay Malhotra

On Tuesday before taking charge as the RBI governor, Sanjay Malhotra stated he will work to understand all perspectives and do what is best for the economy.  "One has to understand the turf, all perspectives and do what's best for the economy,"  Malhotra had stated responding to reporters' queries outside the finance ministry.

 

12:33 PM

Sanjay Malhotra appointed new RBI Governor: Who is he?

12:30 PM

Former Revenue Secretary Sanjay Malhotra takes over as RBI governor

11:48 AM

2 trains cancelled, several diverted due to rail blockade in Bengal

A rail blockade by agitators at West Bengal's Jorai railway station demanding a separate state of Cooch Behar led to the cancellation of two trains and diversion of several others on Wednesday, an official said. The New Jalpaiguri-Guwahati Vande Bharat Express was among the trains cancelled due to the agitation by the Greater Coochbehar People's Association (GCPA), he said.

11:31 AM

Industry should realign itself keeping political, strategic policies in mind: Nirmala Sitharaman

Outlining the priorities of the economy for the next decade, Finance Minister Nirmala Sitharaman said attempts should be made to restore global calm and normalcy and noted that war or any form of disruption should be avoided.

11:01 AM

IED found on J-K highway

Security forces on Wednesday detected and destroyed a suspected improvised explosive device (IED) on the Handwara-Baramulla highway in Kashmir, officials said. A joint patrolling party of police and army found a suspicious bag by the roadside on the highway at Langate in Handwara area of Kupwara district, the officials said.

10:35 AM

Trustees' body moves HC to seek closure of unauthorised schools in Thane

A private organisation of school trustees has said it has approached the Bombay High Court to demand immediate closure of unauthorised educational institutions in Diva area of Maharashtra's Thane district. The demand comes days after the headmistress of a private school in Mumbra area here was arrested for allegedly not informing police about the molestation of a 10-year-old girl by a man in the institution.

10:14 AM

News update: Five-year old falls into borewell in Dausa, rescue operations underway

9:59 AM

Delhi’s average air quality remains in 'poor' category

According to data from the Central Pollution Control Board (CPCB), Delhi’s average air quality remained in the “poor” category, with the Air Quality Index (AQI) dropping to 207 at 8 am\ on Wednesday from 224 on Tuesday. Read here for more details.