Sanjay Malhotra, a 1990-batch IAS officer from Rajasthan, has been appointed as the 26th Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das. The government announced that Malhotra will take charge from Wednesday for a term of three years. With a background in computer science from IIT Kanpur and a Master's in Public Policy from Princeton University, Malhotra has had a distinguished career spanning over three decades in various sectors, including finance, taxation, pow

The Indian rupee ended the trading session stronger after the Reserve Bank of India (RBI) decided to keep the benchmark interest rates unchanged, while unveiling measures aimed at improving liquidity in the banking system. The domestic currency gained 3 paise, closing at 84.70 against the US dollar, compared to 84.73 in the previous session. As part of the monetary policy changes, the RBI raised the interest rate ceiling on one-year Foreign Currency Non-Resident (FCNR) deposits by 200 basis p

Brian Thompson, the CEO of US-based UnitedHealthcare, was fatally shot outside the New York Hilton Midtown hotel on Wednesday morning. Thompson, 50, was walking toward the hotel to deliver a keynote address at an investor conference when a gunman ambushed him. Surveillance footage captured the suspect, a white male wearing a hooded jacket and a black mask, approaching Thompson from behind and firing several shots with a semi-automatic handgun fitted with a silencer. Thompson was str

Oil prices have shown remarkable stability, remaining in a narrow range since mid-October, with West Texas Intermediate (WTI) crude fluctuating around $70 per barrel. This rangebound trend has been characterized by a significant drop in volatility, with recent levels at their lowest since August. Despite ongoing geopolitical risks, such as the tensions between Iran and Israel and the potential impacts of a second Donald Trump presidency, traders have remained cautious. The market's curren

In response to growing concerns over liquor shops charging more than the Maximum Retail Price (MRP) for bottled liquor, the Andhra Pradesh government has introduced strict corrective measures. A new Government Order (G.O.) has been released, which imposes a fine of Rs 5 lakh for the first offense if liquor stores are found violating MRP regulations. The government aims to ensure that consumers are not charged unfair prices and that liquor sales are conducted with transparency. The n

The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%. Though a repo rate cu

In a recent initiative to transform Andhra Pradesh into a technology hub, Chief Minister N. Chandrababu Naidu introduced a comprehensive new IT policy designed to promote Deep-Tech and Artificial Intelligence. During a review meeting, Naidu revealed plans to build an iconic Deep-Technology structure in Amaravati, aimed at harnessing the latest advancements in technology. The state government also announced a seed funding scheme under the Start-Up Policy to support SCs, STs, BCs, minorities, a

Maharashtra Chief Minister Eknath Shinde tendered his resignation to Governor CP Radhakrishnan on Tuesday following the results of the assembly elections. Despite a significant victory for the Mahayuti coalition, which includes the BJP, Shinde-led Shiv Sena, and Ajit Pawar’s NCP, the decision on who will succeed Shinde as the new CM remains uncertain. Accompanied by Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, Shinde visited the Raj Bhavan to submit his resignation

The 1990 Immigration Act brought significant changes to the H-1B visa program and employment-based green cards, imposing caps of 65,000 and 140,000 annually, respectively. These restrictions were implemented without considering the growing demand for skilled labor fueled by technological advancements. The arbitrary cap on H-1B visas quickly became insufficient as more than 70% of graduate students in tech fields at US universities were international students. In response to the escalat

The appointment of BR Naidu as the chairman of the Tirumala Tirupati Devasthanams (TTD) board has ushered in a series of transformative reforms aimed at addressing challenges left behind by the previous YCP government’s board. As the new board takes full effect, the changes introduced by BR Naidu and his team are expected to streamline operations and ensure that the Tirumala shrine continues to uphold its sanctity and efficiency. One of the most significant reforms is the comp

Donald Trump’s presidential appointments of Marco Rubio and Mike Waltz mark a decisive shift in U.S. foreign policy, particularly in relation to China. Rubio, tapped as Secretary of State, and Waltz, named National Security Advisor, represent a hawkish approach to international relations, one that sharply contrasts with

Donald Trump’s recent vow to stop renewable energy projects, particularly offshore wind farms, on the first day of his potential presidency has raised alarm bells across the clean energy sector. In a statement that shocked industry leaders, Trump promised to “make sure that ends on day one,” referring to the offshore wind farms that are seen as a key component of the Biden administration’s green energy agenda. The pledge sent ripple effects through the stock market, wi

The possibility of Donald Trump returning to the White House in 2024 raises important questions about the future of India-US relations. A second Trump presidency could bring significant shifts across several key areas, including trade, immigration, military cooperation, and broader diplomatic engagement. During his first term, Trump’s “America First” agenda and his transactional approach to foreign policy led to major policy changes such as tariffs on foreign goods

The famous election prognosticator, New York Times’s 'Needle', was projecting an 84 per cent chance of a Donald Trump victory with about 295 electoral college votes based on its data at 10:30 p.m. Tuesday (9 a.m. Wednesday in India). The 'Needle' swings as the data that comes in is analyzed in real-time and makes the projection it considers valid at that time. A little before 10 p.m., it showed Trump at nearly 290 seats before swinging down five to 285 at 10 p.m. and ris

The third Test between India and New Zealand concluded with a dramatic twist, as the Kiwis secured a historic first-ever series sweep in the Indian subcontinent, defeating India 3-0. The match appeared to be in India's favor while Rishabh Pant was batting, but his controversial dismissal triggered a collapse of the Indian batting order. With this victory, New Zealand became the first team in history to whitewash India in a three-match Test series on Indian soil. This milestone a

What began as a promising day for India quickly turned into a challenging outing during the third Test against New Zealand. After dismissing the visitors for 235 in their first innings, India found themselves in a precarious position at 86/4 by the end of Day 1. India's bowlers shone, with Ravindra Jadeja achieving his 14th five-wicket haul and Washington Sundar claiming four wickets to dismantle New Zealand's batting lineup at Wankhede Stadium. However, India's batting

As Day 1 of the 3rd Test between India and New Zealand unfolds at Wankhede Stadium in Mumbai, the Indian team has made a strong start by bowling out New Zealand for 235 runs. Ravindra Jadeja was the standout performer for India, claiming his 14th five-wicket haul in Test cricket, showcasing his exceptional skill and resilience on the field. Washington Sundar also played a crucial role in the bowling attack, contributing with four wickets, further solidifying India's dominance in the match

In the ongoing second Test against New Zealand at Pune, the Indian cricket team is grappling with a significant challenge as they attempt to salvage the match. After giving up a first-innings lead of over 100 runs, the Rohit Sharma-led side has struggled to make inroads into New Zealand's batting lineup. Washington Sundar's exceptional seven-wicket haul restricted New Zealand to 259 runs, but India's response was underwhelming as they only managed to score 156 in their first innin

The first day of the second Test between India and New Zealand was a crucial one for the home team, coming on the heels of a loss in the first Test. In a bid to maintain their impressive form, India made three key changes to their lineup, bringing in Washington Sundar, Shubman Gill, and Akash Deep. Former Indian captain Sunil Gavaskar commented on the changes, noting, "I don't see a lot of teams making three changes unless there are injury concerns. Washington Sundar's inclusion

In a notable shift in immigration policy, Canada has decided to cut its immigration targets significantly, responding to increasing public concerns regarding the impact of new arrivals on housing and resources. Prime Minister Justin Trudeau announced that the government will lower its immigration goals from a planned 500,000 new permanent residents in 2025 to 395,000 for 2025 and 380,000 for 2026. This decision follows a recent survey indicating that a majority of Canadians now believe the co