A day after presenting bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das on Saturday met Finance Minister Nirmala Sitharaman.
The meeting comes just ahead of the extended term of incumbent RBI Governor coming to an end. Das's three-year extended term comes to an end on December 10.
In 2021, the government had announced a three-year extension to Das's tenure, a month before his term came to an end.
According to sources, Das called on the Finance Minister in the evening here.
The career bureaucrat-turned-central banker, Das, was appointed the 25th RBI Governor on December 12, 2018, after the abrupt exit of Urjit Patel.
With the three-year-extension granted to Das, he is already one of the longest serving RBI governors in its 90-year history.
The RBI had on Friday opted for a status quo on the rates for the 11th consecutive time, amid growing calls to address the slowdown in GDP growth in the September quarter at 5.4 per cent.
Das, while unveiling bi-monthly policy,

Shaktikanta Das, Shaktikanta, RBI Governor

The US on Saturday rejected the BJP's allegations that organisations funded by the US State Department and elements in the American "deep state" were behind attempts to destabilise India through targeted attacks on Prime Minister Narendra Modi and business tycoon Gautam Adani.
A spokesperson at the US embassy described the allegations as "disappointing" and asserted that the US government has been a champion of media freedom around the world.
The BJP alleged on Saturday that the US deep state colluded with the media portal OCCRP (Organised Crime and Corruption Reporting Project) and Congress leader Rahul Gandhi to "damage" India's image.
The BJP had cited Gandhi's use of reports by OCCRP to attack the Adani Group and to accuse it of having closeness with the government.
"It's disappointing that the ruling party in India would make these kinds of accusations," the US embassy spokesperson said.
"The US government works with independent organisations on programming that supports ...

India US Flag

Stakeholders from the micro, small and medium enterprises (MSME) sought a reduction in GST, technology upgrade, and production-linked incentive scheme benefits for various segments in a pre-Budget meeting with Finance Minister Nirmala Sitharaman on Saturday.
The meeting aimed to seek inputs and suggestions for the Budget for 2025-26, expected to be presented on February 1.
Members from the Association of Women Entrepreneurs of Karnataka (AWAKE); Karnataka SC and ST Entrepreneurs' Association; Plant-Based Food Industry Association (PBFIA); Ambala Scientific Instruments Manufacturers' Association (ASIMA); Rajasthan Footwear Manufacturers' Association were among the participants at the meeting.
The All-India Plastics Manufacturers' Association; All India Manufacturers' Association; Gujarat Chamber of Small Industries Association; Federation of Associations of Cottage and Small Industries (based in West Bengal); Federation of Andhra Pradesh Small and Medium Association; and Laghu Udyog 

After gaining as much as 1.6 per cent from the previous day's close, the Sensex slipped into negative territory, only to recover sharply once again

Equity markets around the world continue to be on a tear. The MSCI Global Equity Index is close to its lifetime highs, up a staggering 30 per cent over the last year. But it is not just equities; all asset classes have thrived in recent months.

Tariffs imposed on specific segments of global value chains often have a ripple effect, impacting not only the targeted industries and countries, but also the entire value chain

Trade, Port, Container

Opec+, which pumps about half the world's oil, had been planning to start unwinding cuts from Oct 2024 but a slowdown in global demand and rising output outside the group forced it to postpone plans

Oil refinery, Oil production, Crude oil

For the MSCI Asia ex-Japan index, Nomura predicts muted returns, with end-2025 targets ranging from 573 to 859. The index is currently around 590 levels

Nomura

The debt-laden telco's board will consider the issue of equity shares and/or convertible securities, Vi said in an exchange filing on Thursday

Vodafone

Delhiites breathed cleaner air for the second consecutive day on Thursday as the AQI was recorded in the "moderate" category with a reading of 165. Restrictions under Stage 4 of the GRAP were lifted and replaced with the Stage-2 measures.
The 24-hour average Air Quality Index (AQI) of the city was recorded at 165 at 4 pm, registering a slight improvement from 178 on Wednesday.
It marks a significant improvement as on Tuesday, the AQI was recorded in the "poor" category with a reading of 268, compared to 280 on Monday and 285 on Sunday, according to the Central Pollution Control Board's (CPCB) data.
For the month of December, the city has not seen such clean air since December 14, 2022, when the AQI was 163.
In comparison, the lowest AQI recorded in December 2023 was 286, according to the CPCB.
The Supreme Court allowed the Commission for Air Quality Management (CAQM) to shift to the Stage-2 restrictions under the Graded Response Action Plan (GRAP) on Thursday.
As a result, severa

New Delhi, India, air pollution

The Government of Andhra Pradesh in collaboration with state-owned Energy Efficiency Services Ltd (EESL) has launched three transformative programmes to drive energy efficiency, environmental sustainability, and economic empowerment across the state, according to a statement.
The EESL is a joint venture of PSUs under the Ministry of Power.
The first programme launched, the URJAVEER, developed by EESL, aims to empower 1 lakh individuals in Andhra as "Urjaveers"  ambassadors for energy efficiency who promote appliances available on EESLmart.in through affiliate-based marketing, EESL said in the statement.
Under this programme, any Indian citizen aged 18 and above can register on the Urjaveer platform, complete a short skill training on energy efficiency, and promote products like BEE 5-star LED bulbs, BLDC fans, air conditioners, and induction cooktops using unique QR codes.
The second initiative focuses on the distribution of energy-efficient appliances to economically vulnerable ..

electricity

Maharashtra Navnirman Sena chief Raj Thackeray has lost relevance and is not needed by the ruling Mahayuti, Union minister Ramdas Athawale said on Sunday.
The MNS failed to win a single seat in the November 20 Maharashtra assembly polls, which were swept by the Mahayuti, the losers including the party chief's son Amit Thackeray from Mumbai's Mahim constituency.
"Raj Thackeray thought power could not come without him. His dreams have been shattered. With me in the alliance, there is no place for Raj Thackeray. He changes his strategies and the colour of his party flag. It reflects his diminishing relevance," said Athawale, whose Republican Party of India (A) has been with the BJP-led NDA for over a decade.
Speaking to reporters in Nashik, the Union minister of state for social justice and empowerment also expressed confidence that his party will get representation in the Devendra Fadnavis government.
Slamming the Maha Vikas Aghadi for blaming EVM "misuse" for the crushing defeat in 

UM Ramdas Athawale

The Airports Authority Of India is all set to celebrate 100 years of flight operations at Kolkata airport, officials said on Sunday.
Flight operations in Kolkata airport started in 1924.
"The Airports Authority of India proudly celebrates 100 Glorious Years of #KolkataAirport @aaikolairport, a gateway that has seamlessly bridged the world with the soul of #WestBengal. Originally known as #DumDumAirport, this Iconic Airport stands as a testament to Timeless Brilliance, where History Whispers, Culture Thrives & the Skies Unite," AAI Kolkata Airport said in a post on X.
"A Century of Excellence, welcoming the world to the City of Joy!" it said.
According to sources at the Netaji Subhas Chandra Bose International (NSCBI) Airport, the celebrations will begin from the third week of December and will continue till March end next year.
There is a possibility that Union Civil Aviation minister Kinjarapu Ram Mohan Naidu will be present at the inauguration of 100 years celebrations of the ..

Airports, nearby areas may not get 5G network services anytime soon

Airlines, airport, aviation, flights

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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EESL, Andhra Pradesh launch 3 programmes to boost energy efficiency

Raj Thackeray has lost relevance, Mahayuti does not need him: Athawale

AAI to celebrate 100 years of flight operations at Kolkata airport

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RBI Guv Das meets FM Sitharaman two days before end of his extended term

US State Dept denies BJP's allegations of backing anti-India agenda

Pre-Budget meet: MSME stakeholders seek tech upgrade, PLI benefits, GST cut

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