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Poonam Gupta, a prominent economist with global expertise, has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). Her appointment marks a historic milestone, as she becomes the first woman in over a decade to assume this high-ranking position at India’s central bank. She succeeds Michael Patra, who retired in January 2024.
Gupta brings with her nearly two decades of international experience, having worked with the World Bank, International Monet
Poonam Gupta, a prominent economist with global expertise, has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). Her appointment marks a historic milestone, as she becomes the first woman in over a decade to assume this high-ranking position at India’s central bank. She succeeds Michael Patra, who retired in January 2024.
Gupta brings with her nearly two decades of international experience, having worked with the World Bank, International Monet
Volkswagen is currently facing a major legal challenge in India after the Indian government refused to cancel a $1.4 billion tax bill imposed on the carmaker. The government argued in the Bombay High Court that overturning the tax demand would set a dangerous precedent, warning that such a move could have catastrophic consequences. Officials claimed that doing so might encourage other companies to withhold critical information and deliberately delay tax inquiries, ultimately exploiting legal
Volkswagen is currently facing a major legal challenge in India after the Indian government refused to cancel a $1.4 billion tax bill imposed on the carmaker. The government argued in the Bombay High Court that overturning the tax demand would set a dangerous precedent, warning that such a move could have catastrophic consequences. Officials claimed that doing so might encourage other companies to withhold critical information and deliberately delay tax inquiries, ultimately exploiting legal
The Indian Rupee weakened by 13 paise, hitting a new record low of 84.86 against the US Dollar during trading on Tuesday. The currency had opened lower at 84.79, weakening by 6 paise from the previous day’s close of 84.73. This marks a sharp dip despite a recent positive momentum for the rupee last week, when the Reserve Bank of India (RBI) held interest rates steady and announced measures to improve financial market liquidity.
Monday’s announcement of Sanjay Malhotra as
The Indian Rupee weakened by 13 paise, hitting a new record low of 84.86 against the US Dollar during trading on Tuesday. The currency had opened lower at 84.79, weakening by 6 paise from the previous day’s close of 84.73. This marks a sharp dip despite a recent positive momentum for the rupee last week, when the Reserve Bank of India (RBI) held interest rates steady and announced measures to improve financial market liquidity.
Monday’s announcement of Sanjay Malhotra as
