India’s annual retail inflation rate eased to 3.34% in March 2025, according to the latest data from the Ministry of Statistics and Programme Implementation. This marks the fifth consecutive month of decline and falls below the 3.61% recorded in February, offering significant relief to policymakers and consumers alike. The main factor contributing to this moderation is the continued softening of food prices, which make up a large portion of the Consumer Price Index (CPI). Food inflation dr

The Reserve Bank of India (RBI) has introduced a new initiative to connect more directly with the public by launching an official WhatsApp channel. This development is part of the central bank’s broader commitment to enhancing public awareness and making important financial and banking information accessible to every citizen, particularly those in rural and semi-urban areas who might not have regular access to official websites or traditional media. The initiative falls under the RBI&rs

In a significant policy development, RBI Governor Sanjay Malhotra announced that the Reserve Bank of India will soon release comprehensive regulations governing prudential norms and conduct-related aspects of gold loans. This move follows growing concerns over irregular practices among certain regulated entities (REs) and the recent surge in gold-backed lending across the country. The upcoming regulations aim to harmonize gold loan guidelines across various categories of lenders, including ba

India’s banking sector is projected to witness a year-on-year credit expansion of ₹19 lakh crore to ₹20.5 lakh crore in FY2025-26, amounting to a growth of approximately 10.8%, according to a report by ICRA, a leading credit rating agency. This expansion is expected to be driven by recent monetary easing measures implemented by the Reserve Bank of India (RBI), though structural challenges in deposit mobilisation and rising credit-deposit ratios may temper growth momentum. According to

Timely pension payments are not merely a procedural matter—they are a lifeline for countless retired central and state government employees. These pensions, disbursed through authorised banks, are governed by the Reserve Bank of India (RBI)'s "Master Circular - Disbursement of Government Pension by Agency Banks". The RBI recently updated the circular, issuing a series of clarifications that aim to make the pension system more transparent, accountable, and senior citizen-fr

West Bengal Chief Minister Mamata Banerjee strongly criticized the Supreme Court’s decision to uphold a Calcutta High Court verdict that invalidated the appointment of over 25,000 teaching and non-teaching staff recruited by the West Bengal School Service Commission (WBSSC) in 2016. Speaking at a press conference on Thursday, Banerjee expressed her disagreement with the apex court's judgement, stating she cannot support a blanket cancellation of all appointments and voiced her deep

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

New Delhi, April 1 – Indians working abroad sent home a record-breaking $129.4 billion in 2024, reaffirming India’s position as the world’s top remittance recipient. According to the latest figures released by the Reserve Bank of India (RBI), the last quarter of the year alone—October to December—saw the highest-ever quarterly inflows of $36 billion.   The World Bank, which tracks global remittance patterns, confirmed that India stands far a

Elon Musk has announced that Neuralink, his brain-interface startup, will implant its revolutionary Blindsight chip into a human subject by the end of 2025. The announcement came during a Town Hall event in Wisconsin, where Musk provided updates on the company’s advancements in neurotechnology. “We’re hoping, later this year, to have the first device implant for humans, enabling someone who is completely blind to see,” Musk said. Last year, Neuralink received US FDA ap

Life Insurance Corporation of India (LIC) has requested the Reserve Bank of India (RBI) to introduce long-term government bonds, including 100-year bonds, to support their investment strategies for whole life insurance policies. This request was confirmed by Siddhartha Mohanty, Managing Director and Chief Executive of LIC, during an event in Mumbai. Speaking on the sidelines of the GCA25 conference, Mohanty explained that LIC’s investment portfolio heavily depends on long-term bonds to

IDBI Bank has announced its Recruitment 2025 drive to fill key leadership roles in the organization. The Industrial Development Bank of India (IDBI) is inviting applications for three positions: Chief Economist, Head - Data Analytics, and Deputy Chief Technology Officer (Channels). These positions will be offered on a contract basis.   Vacancy Details and Key Roles The following posts are open for applications in the IDBI Bank Recruitment 202

The Union Public Service Commission (UPSC) will close the registration window for the Combined Medical Services Examination (CMS) 2025 by 6 pm today. Candidates aspiring to apply for the exam must complete the online registration process via the official UPSC website — upsconline.gov.in. The UPSC CMS examination is scheduled to take place on July 20, 2025. Here’s a comprehensive guide to help candidates

India’s Global Capability Centres (GCCs) are set to expand their workforce significantly in 2025, with hiring expected to increase by 27% compared to the previous year. This marks the second consecutive year that GCCs are outpacing traditional IT services firms in job creation.The hiring surge is driven by a rising demand for domain experts and specialized skills, particularly in engineering research and development (ER&D), artificial intelligence (AI), cybersecurity, and data analy

A new study from the University of Cambridge has revealed that aspirin, a commonly used painkiller, could play a significant role in preventing cancer from spreading. Researchers have found that the drug might help the immune system target and eliminate metastasizing cancer cells, potentially making it a powerful, accessible, and affordable tool in cancer treatment. While the findings have been described as groundbreaking, experts caution that more research is needed before aspirin can be wid

National Aerospace Laboratories (NAL), a premier aerospace research institution under the Council of Scientific and Industrial Research (CSIR), has announced the recruitment of 30 Scientist vacancies for 2025. The recruitment drive offers a competitive salary package, job security, and career growth opportunities in the aerospace sector.The online application process is now open at nal.res.in, and the last date to apply is March 3,

Fixed deposits have long been considered a safe and reliable investment option in India, particularly among conservative investors. However, declining interest rates and rising inflation have made it increasingly difficult for FDs to offer returns that outpace the rising cost of living. With the Reserve Bank of India (RBI) reducing the repo rate, banks have responded by lowering FD rates, prompting investors to explore other options that provide higher returns while maintaining financial secu

The Indian Coast Guard Ship Sachet set sail for Sudan on Friday, carrying over two tons of life-saving medicines, including anti-cancer drugs, as part of India’s ongoing humanitarian efforts. The Ministry of External Affairs (MEA) confirmed the aid consignment, reinforcing India's commitment to providing relief in conflict-affected regions."Extending Humanitarian Assistance to the People of Sudan. An Indian Coast Guard Ship Sachet departed today for Sudan, carrying a consignmen

Indian Oil Corporation Limited (IOCL), one of India's leading public sector enterprises, has announced vacancies for the post of Assistant Quality Control Officer. The recruitment drive offers competitive salaries, career growth opportunities, and a structured selection process for eligible candidates.The notification details the eligibility criteria, salary structure, service bond, and selection procedure, inviting qualified professionals to apply before the deadline.  

In response to widespread federal job losses, Maryland Governor Wes Moore has unveiled an initiative aimed at helping displaced federal employees find new opportunities within the state. The governor's executive action, announced Friday, outlines a plan to transition affected workers into state and county positions through job fairs and recruitment websites. Governor Moore made it clear that Maryland would not stand by while its residents face unemploym

Technicolor India, a leading visual effects (VFX) and animation studio, has announced the closure of its operations in Bengaluru and Mumbai, affecting 3,200 employees. The decision is part of a global shutdown by its parent company, Technicolor Group, headquartered in Paris.This sudden move has left thousands of employees in distress, particularly in Bengaluru, where nearly 3,000 professionals were employed. The closure marks a significant blow to India's VFX and animation industry, which