Former revenue secretary, Sanjay Malhotra has succeeded Shaktikanta Das as RBI governor. His tenure begins as retail inflation eased to 5.48 per cent in November, within the MPC’s 2-6 per cent tolerance range, while GDP growth slowed to 5.4 per cent in Q2FY25.

Former revenue secretary, Sanjay Malhotra has succeeded Shaktikanta Das as RBI governor. His tenure begins as retail inflation eased to 5.48 per cent in November

Leadership change at RBI, PM launches Bima Sakhi Yojana and more

Tata Group's low-cost carrier Air India Express and smaller rivals SpiceJet and Akasa are also in discussions to eventually relocate all of their operations

The Competition Commission of India (CCI) has rejected a complaint filed against Microsoft with respect to bundling of anti-virus software with its Windows operating system.
It was alleged that bundling of the anti-virus software was violating fair competition norms.
Starting with Windows 10 Operating System (OS) edition, the anti-virus software Microsoft Defender is bundled with it.
In a 17-page order dated March 3, the CCI said there was no prima-facie case of contravention and closed the matter.
To assess the complaint, the regulator considered two relevant markets -- the market for computer security (antivirus) software for Windows OS in India and the market for desktop/laptop security (antivirus) software for Windows OS in India.
Citing Microsoft's submissions, the CCI observed that there is no compulsion on users to exclusively use Microsoft Defender as their antivirus solution.
Also, it noted that OEMs (Original Equipment Manufacturers) are permitted to pre-install alterna

It was alleged that bundling of the anti-virus software was violating fair competition norms

iPad Air with M3 is available for pre-order from March 4, with availability slated for March 12. It is offered in 11-inch and 13-inch display options and blue, purple, starlight, and space grey colour

Nothing launches Phone 3a series.Tim Cook confirms Air-related product launch for this week. Samsung Galaxy Book 5 series pre-reserve. Samsung previews Galaxy S25 Edge

Five senior officials, including the Delhi Divisional Railway Manager, Additional DRM and Assistant Security Commissioner of the Railway Protection Force, were transferred on Tuesday, a fortnight after a stampede at the New Delhi Railway Station killed 18 passengers headed to the Maha Kumbh Mela in Prayagraj.
"Though they have been transferred through administrative orders without mentioning any immediate reasons, the timings of transfer apparently establishes a link with the stampede," a railway official said. "Somewhere the ministry sees complacence and dereliction of duties on their part."
DRM Sukhwinder Singh, ADRM Vikram Singh Rana, Station Director Mahesh Yadav,  Senior Divisional Commercial Manager (passenger services) Anand Mohan and RPF ASC at New Delhi Railway Station Mahesh Chand Saini are the officers who have been transferred, according to separate official orders, all issued on Tuesday.
Their new postings have not been announced.
While Sukhwinder Singh, Vikram Singh R

Though they have been transferred through administrative orders without mentioning any immediate reasons, the timings of transfer apparently establishes a link with the stampede

The Uttar Pradesh Police on Tuesday booked embattled real estate developer Ansal Group for alleged cheating, breach of trust, criminal conspiracy and organised crime, officials said.
The FIR was registered a day after Chief Minister Yogi Adityanath instructed officials to take strict action in the matter and safeguard homebuyers' interest.
The CM also invoked the real estate group's name on Tuesday inside the state assembly to slam opposition Samajwadi Party, accusing it of favouring such builders during its regime.
The FIR was lodged at the Gomti Nagar police station in Lucknow on Tuesday evening.
It names as accused Ansal Properties and Infra Limited Promoters, Pranav Ansal, Sushil Ansal, Sunil Kumar Gupta, Francette Patrica Atkinson and Vinay Kumar Singh (Director).
They have been booked under BNS sections 316(5) (criminal breach of trust), 318(4)(cheating), 338 (forgery of valuable security, will, etc), 336(3)(forgery for cheating), 340(2)(using forged document as genuine), ..

The FIR was registered a day after Chief Minister Yogi Adityanath instructed officials to take strict action in the matter and safeguard homebuyers' interest

Govt plans to bring Jan Vishwas Bill 2.0 to decriminalise over 100 provisions, said FM Sitharaman at a post-Budget webinar on 'Regulatory, Investment and EODB reforms'

According to economic experts, the Chhattisgarh Budget for 2025-26 focussed on accelerating economic growth in the state with emphasis on infrastructure and industrial development

Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

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After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
						But after 45 days in the office, she resigned, becoming the shortest-serving PM in UK history. Her budgetary plans, at the centre of which were tax cut plans, had crashed the markets, making her lose the confidence of almost all her own MPs.
						
						In the days that followed, Rishi Sunak took over as Britain&amp;#39;s 57th prime minister and vowed to fix the mistakes made by his predecessor, Liz Truss.

Russia Invades Ukraine

In April, protests began in the nation following a sharp rise in food and fuel costs. Thousands demanded the resignation of now-ousted President Gotabaya Rajapaksa. The people faced long power cuts daily and shortages of basics, including fuel and food. Sri Lanka&amp;#39;s doctors said they were nearly out of life-saving medicines.
						
						Rajapaksa&amp;#39;s government was being blamed for the chronic mismanagement of the country&amp;#39;s finances. In July, protestors stormed Rajapaksa&amp;#39;s home, pushing him to flee the nation before resigning from office.

UK&amp;#39;s political crisis

In September, 22-year-old Iranian girl Mahsa Amini died after being detained for allegedly violating Iran&amp;#39;s laws requiring women to wear a headscarf. Authorities said she died of illness, but her family claimed she fell into a coma after being mistreated by the police. Sources said the police beat Amini with a baton and banged her head against a vehicle. At her funeral on September 17 in Saqez, women protested by ripping off their hijabs. Protests sparked by her demise have since roped in ethnic minorities and even school children. Thousands of women since then have been showing solidarity by cutting their hair and burning their hijabs in public.
						
						Now, the unrest has spread beyond a women&amp;#39;s right to a movement that is calling for an end to theocratic rule. The protests are now the most broadly supported movement in Iran in over four decades.

Sri Lanka economic crisis

In October, Chinese President Xi Jinping was handed a historic third term in office. He became the first leader of the ruling Communist Party after party founder Mao Zedong to get a third term in power.
						
						This came as China&amp;#39;s economy was running out of steam after decades of high growth. Many expect Xi&amp;#39;s third term may see China revert to more old-school economic management, focusing on shoring up the heavy industry and continuing a crackdown on big tech.

Uprising mounts again in Iran

In a historic first, rich countries agreed to pay for losses and damages caused by climate change. For 30 years, developing nations have been calling for developed countries to compensate for the costs of climate disasters caused by climate change. And rich nations that caused the pollution resisted the demand. But this changed in 2022.

Chinese President Xi Jinping starts record third term in power

In 2022, inflation was rising worldwide, with food and energy prices hitting record highs. The hike was mainly driven by pent-up consumer demand after the pandemic and Russia&amp;#39;s invasion of Ukraine. As the pandemic waned, people wanted to return to normalcy and spend more. This led to companies demanding higher prices. Companies also hired more to serve the pent-up demand. They had to increase wages to attract workers and raise prices to compensate for that.

A landmark deal UN Climate Change Conference (COP27)

In September, Queen Elizabeth II, Britain&amp;#39;s longest-serving monarch, died at 96 after reigning for 70 years. Many said her death would mark a turning point for commonwealth nations as many may disassociate themselves.

The global economy at crossroads

In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
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Leadership change at RBI, PM launches Bima Sakhi Yojana and more

Former revenue secretary, Sanjay Malhotra has succeeded Shaktikanta Das as RBI governor. His tenure begins as retail inflation eased to 5.48 per cent in November, within the MPC’s 2-6 per cent tolerance range, while GDP growth slowed to 5.4 per cent in Q2FY25.

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