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

External Affairs Minister S. Jaishankar, while receiving the 'India First' award at NDTV’s Indian of the Year ceremony, celebrated the crucial role of India's democracy in shaping the country's growth. He emphasized how democracy has brought forward voices from every part of the nation, not just metropolitan cities, giving equal representation to all sections of society. This inclusiveness, he argued, has been pivotal in driving India’s development. He also noted t

The Supreme Court of India has reprimanded senior bureaucrats in Delhi, including the Chief Secretary, for the delayed payment of dues to construction workers impacted by the city's construction ban aimed at reducing pollution. The court had ordered that workers should be compensated during the ban, which was imposed on November 18, but only partial payment had been made. The government had promised ₹8,000 to over 90,000 workers, but many had only received ₹2,000 as an immediate relie

The Bombay High Court recently condemned the rising number of frivolous petitions filed to stall redevelopment projects, calling it the "cheapest method" to delay legitimate work. In this case, a 67-year-old tenant, Khimjibhai Patadia, filed a petition claiming tenancy rights to resist eviction from the 83-year-old Bubna bungalow in Kandivali, Mumbai. The property was set for redevelopment, with all other tenants already vacating. Patadia's claims were rejected by the court, whi

The Gauhati High Court has directed the Assam government to respond to a petition challenging the legality of the Assam Compulsory Registration of Muslim Marriages and Divorces Act, 2024. The petition, filed by the All Assam Muslim Marriages and Divorces Registrar and Kazi Association, contests the newly enacted law, which replaces the Assam Moslem Marriages and Divorces Registration Act, 1935. The court has given the state government four weeks to respond and has stated that the issue of int

The Supreme Court of India has reprimanded the National Capital Region (NCR) states, including Delhi, Haryana, Uttar Pradesh, and Rajasthan, for failing to pay compensation to construction workers after air pollution led to a halt in construction activities. The court emphasized that action only begins when it summons top officers and demanded proof of payments made to the workers. Despite its orders, none of the states had shown evidence of compensation. The court has now asked the

The Indian Rupee has depreciated to a record low of 84.61 against the US Dollar, marking a fresh setback for the currency. This comes after former US President Donald Trump's threat to impose a 100% tariff on BRICS nations if they fail to continue using the US Dollar. Trump's demand for a commitment from BRICS countries not to create a new currency or back alternatives to the dollar has put additional pressure on global markets, including the Indian Rupee. Along with this geopolitical

Rajya Sabha Chairman and Vice President Jagdeep Dhankhar recently made a strong statement about the importance of following parliamentary rules, declaring that any deviation is akin to sacrilege against the "temple of democracy." During a session on Thursday, he responded to Congress MP Jairam Ramesh’s question about how to "persuade the chair" by emphasizing that the chair is historically persuaded by members' adherence to the rules. Dhankhar stressed

A recent survey by global real estate services firm JLL reveals that Indian organisations require more office attendance compared to the global average. According to the Future of Work Survey 2024 – India Insights, 90% of Indian employers mandate at least three days of office presence per week, which is higher than the global average of 85%. Moreover, over half (54%) of Indian organisations anticipate an increase in the number of office days by 2030, surpassing the global expec

Mohammed Shami has limited time to convince selectors to include him in the Border-Gavaskar Trophy, with just under a week to prove his fitness. The fast bowler, who has returned to competitive cricket after a lengthy injury layoff, has impressed in his first Ranji Trophy match but now faces evaluation through Syed Mushtaq Ali Trophy (SMAT) T20 matches. The Board of Control for Cricket in India (BCCI) is closely monitoring Shami's recovery, with a particular focus on his fitness

The Indian rupee opened flat at 84.24 against the US dollar on Thursday, following a slight dip of 11 paise to close at 84.45 on Wednesday. On Tuesday, it had closed at 84.34. The minor decline reflects the ongoing volatility in the foreign exchange market. The rupee had also opened weaker by 5 paise at 84.39 on Wednesday morning. Analysts predict that the rupee's range for the day will likely stay between 84.30 and 84.50. Anil Kumar Bhansali, head of treasury and executive dire

In the Perth Test, former India captain Sunil Gavaskar observed that a subtle adjustment in Virat Kohli's batting stance played a crucial role in his recovery of vintage form. After a lean period in international cricket, Kohli scored his 30th Test century, silencing critics who questioned his place in the team. Gavaskar noted that Kohli, who had struggled in the first innings, seemed more relaxed in the second, with a slight change in his stance—his legs positioned a bit wider, whi

The Indian rupee opened at 84.39 against the US dollar on Wednesday, weakening by 5 paise from its previous close of 84.34. This follows a series of declines, with the rupee slipping by six paise on Tuesday. While the rupee had shown a slight recovery on Monday, gaining 17 paise, the currency continues to face downward pressure due to persistent demand for the US dollar and global uncertainties. Analysts had predicted a weaker outlook for the rupee, especially after a brief period o

On the 75th anniversary of the adoption of India's Constitution, Prime Minister Narendra Modi reaffirmed his commitment to performing his duties within the Constitution's framework. In his speech at the Supreme Court during Constitution Day celebrations, he clarified that his actions have always aligned with constitutional provisions without overstepping boundaries. Modi addressed opposition claims that efforts were underway to undermine the Constitution and asserted that his governme

The Allahabad High Court has directed Additional Solicitor General (ASG) S.B. Pandey to seek instructions from the Ministry of Home Affairs and submit a response regarding the citizenship petition involving Rahul Gandhi by December 19, 2024. The matter was adjourned for hearing in the week beginning December 19, with the Court urging the government to present its findings on the issue. This follows a previous petition filed by S. Vignesh Shishir, a resident of Karnataka, who had pre

On Tuesday, the Supreme Court of India dismissed a petition filed by KA Paul, seeking to bring back ballot paper voting in elections instead of the current use of Electronic Voting Machines (EVMs). During the hearing, the Court raised questions about the motivations behind Paul's petition, especially given his background as the president of an organization focused on humanitarian work, including rescuing orphans and widow

Kanwal Sibal, the former Foreign Secretary of India, has strongly criticized a report from a US government department regarding the Adani Group, describing it as a violation of India's sovereignty. Sibal condemned the US for overstepping its bounds, arguing that any investigation conducted on Indian soil by US authorities would breach Indian law. He emphasized that if the US had evidence of illegal activity, it should have shared its findings with Indian authorities instead of taking unil

US President-elect Donald Trump’s proposed H-1B visa restrictions could have significant implications for India's economy. A report by the State Bank of India (SBI) suggests that while stricter visa rules might increase costs for Indian IT firms operating in the US, they could also encourage India to focus more on domestic manufacturing and economic independence. This potential shift aligns with Prime Minister Narendra Modi’s Atmanirbhar Bharat (self-reliant India) initiative,

India's Nifty 50 index has entered the correction zone, falling over 10% from its peak in late September. This decline comes as foreign investors continue their record-level selloff of domestic stocks, triggering broad market losses. On Tuesday, the Nifty 50 dropped by 1.4%

The Indian rupee opened at 84.39 against the US dollar on Wednesday, remaining near its all-time low of 84.4162. The Reserve Bank of India (RBI) is continuing its efforts to stabilize the currency, with analysts Amit Pabari and Anil Kumar Bhansali suggesting that the ce