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

Leading cement maker UltraTech Cement has received a notice from the fair trade regulator CCI over its proposed acquisition of the South-based India Cements Ltd.
UltraTech Cement, in a regulatory filing, said it has received notice from the Competition Commission of India (CCI), and the Aditya Birla group flagship firm is confident in the merits of its case.
"The Company has received a communication from the Competition Commission of India under Section 29 (1) of the Competition Act, 2002, regarding the proposed acquisition of The India Cements Ltd. The Company will be responding to the same," said UltraTech.
The southern market for grey cement, where India Cements primarily operates, is highly competitive and fragmented, with the presence of over 35 grey cement manufacturers.
"We are confident of the merits of our case," the Aditya Birla Group firm said.
Under the CCI Act, where the fair trade regulator is of the opinion that a combination is "likely to cause, or has caused an ..

UltraTech

The India vs Australia 2nd Test will begin at 2:30 PM local time, which is 9:30 PM Indian Standard Time (IST), as Adelaide is 5 hours ahead of India's time zone.

India vs Australia 2nd Test weather forecast and Adelaide Pitch report

Both New Zealand and England have announced an unchanged playing 11 for the second Test hours ahead of the toss

New Zealand vs England 2nd Test Playing 11

Punjab skipper Abhishek Sharma shone with both bat and ball on Wednesday as he also took 2 wickets before smashing a record-breaking century against Meghalaya.

Abhishek Sharma

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

Prolonged violence in Manipur with frequent internet shutdowns, curfews and general strikes is affecting the academic and career pursuits of students pursuing higher education in the northeastern state, many educationists said.
With frequent internet shutdowns, students are facing problems in having access to online resources and many recruiters are hesitant to visit campuses in Manipur for placement drive due to curfews and general strikes, they said.
Head of the Department of Computer Science and Engineering and also in charge of placement of National Institute of Technology (NIT) Manipur, K H Johnson Singh told PTI "We have witnessed a decline in recruitment drives after violence broke out in the state. At least 40 companies (online mode) came and 70 students have been selected this year. This is much less than what we were used to before the outbreak of violence. We had expected selection of some 100 students and some 50 companies."
He said, "Recruiters who prefer offline mode o

Manipur Violence

Notwithstanding the US' dismissal of BJP's allegations that it is backing attempts to destabilise India, party MP Nishikant Dubey on Sunday said he will ask Leader of Opposition Rahul Gandhi 10 questions in the Lok Sabha on the issue.
In a post on X, Dubey alleged that media portal Organised Crime and Corruption Reporting Project (OCCRP) and Hungarian-American businessman George Soros have colluded with the opposition to ruin India's economy and defame the Modi government.
The US on Saturday rejected BJP's allegations that organisations funded by its 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.
Reacting to the US embassy's statement, Dubey said, "Yesterday I read the ...

BJP MP Nishikant Dubey

Shah also felicitated BSF jawans - who killed three terrorists of Hizb-ul-Mujahideen(HM) in an operation

Amit Shah, Home Minister

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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