The Indian rupee has slipped to a new record low, falling to 94.1575 per US dollar, surpassing its previous all-time low of 93.98 set earlier this week. The continued decline is being attributed to growing concerns over the ongoing conflict in the Middle East, which has placed significant pressure on global markets, including the Indian currency. Since the war broke out late last month, the rupee has weakened by about 3.5%, reflecting the heightened uncertainty in international mark

The central government has retained the 4% retail inflation target for the next five years, from April 1, 2026, to March 31, 2031, with a tolerance band of 2–6%. This decision, made in consultation with the Reserve Bank of India (RBI), continues the inflation-targeting framework that was first introduced in 2016. The move aims to maintain price stability while allowing some flexibility in the target, accommodating short-term volatility. The government’s inflation target, outline

RN Ravi was sworn in as the 22nd Governor of West Bengal

India’s financial sector has been grappling with the persistent issue of mis-selling, especially in the realm of banking and insurance products. In a recent statement, Finance Minister Nirmala Sitharaman addressed the ongoing concern, declaring that banks cannot treat mis-selling as a routine part of their business. She went as far as to say that mis-selling is an "offence," sending a clear message to financial institutions that such practices will not be tolerated. Her remarks came at a pr

Andhra Pradesh's Assembly saw an action-packed session today, marked by a brief yet intense protest from YS Jagan and his YCP MLAs. After a year of absence, the opposition leader YS Jagan Mohan Reddy made a quick entry into the Assembly, along with his party members. They began their appearance by singing the national anthem, Jana Gana Mana, before immediately raising slogans during the Governor's speech. The slogans, such as "Law and order must be saved," were aimed at dra

The Reserve Bank of India (RBI) will announce its latest monetary policy decision today, February 6, 2026, with markets largely expecting the central bank to keep the repo rate unchanged. This announcement follows a series of rate cuts, with the last one made in December 2025, reducing the repo rate from 5.50% to 5.25%. Experts predict that the RBI will maintain a pause in rate cuts as it assesses the impacts of the previous changes on inflation and growth. RBI Governor Sanjay Malho

Tamil Nadu Governor RN Ravi triggered a major political controversy on Tuesday after walking out of the state Assembly session, refusing to deliver the speech prepared by the MK Stalin-led DMK government. His sudden exit, captured on video, showed him leaving the premises and departing in his official car, drawing immediate attention across political and public circles. Soon after, the Raj Bhavan released a detailed 13-point explanation accusing the state government of disrespecting the natio

RICHMOND, Va. — Virginia is set to mark a historic milestone on Saturday as Governor-elect Abigail Spanberger is sworn in as the Commonwealth’s first woman to hold the state’s highest office. The inauguration ceremony will take place in Richmond, drawing state leaders, invited guests, and residents to an event that underscores a significant shift in Virginia’s nearly 250-year political history. Spanberger will officially assume office during a midday ceremony outside the Vir

The Reserve Bank of India has reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. This marks a total reduction of 125 basis points in 2025, sparking fresh hope among homebuyers for affordable loan EMIs as banks prepare to revise lending rates. The Monetary Policy Committee (MPC), which met on December 3, 4 and 5, voted unanimously after assessing inflation control, liquidity status and growth expectations. Governor Sanjay Malhotra confirmed the move, addin

In a major political development, the Telangana Governor has officially approved the Anti-Corruption Bureau’s request to prosecute former IT minister K. T. Rama Rao (KTR) in connection with the alleged Formula E scam. Over the last two years, KTR has been under growing scrutiny as the ACB intensified its investigation. The bureau had already questioned him four times, probing financial and procedural lapses linked to the project. After conducting a nine-month detailed inquiry, reviewing doc

In a historic political milestone, Democrat Mikie Sherrill is set to become the 57th governor of New Jersey following her victory in the 2025 gubernatorial election. Sherrill’s win marks the first time in decades that a single party has secured three consecutive terms in the state’s top office. Her election also makes her the first female Democratic governor in New Jersey’s history, a development that has drawn widespread celebration across the state’s political spectrum. Sh

AUSTIN – Governor Greg Abbott has ordered a large-scale deployment of state security forces, including personnel from the Texas Department of Public Safety (DPS) and the Texas National Guard, to the state capital in anticipation of a planned demonstration that officials say may involve groups linked to antifa. The governor’s directive, issued Thursday, aims to safeguard residents, businesses, and public property amid concerns that the protest could lead to unrest. According to t

The Reserve Bank of India has rolled out a new framework aimed at simplifying and expediting the process of claim settlement for deceased account holders. This step comes after years of confusion caused by different practices adopted by banks, often leaving grieving families struggling with lengthy procedures and paperwork. The new rules mandate that banks must settle claims related to accounts and lockers of deceased customers within 15 days. In addition, nom

Frank Caprio, the beloved Rhode Island judge who touched hearts across the world with his compassion and humanity in the courtroom, has died after a battle with cancer. His family confirmed his passing on Wednesday, just a day after he had reached out to his supporters from his hospital bed, asking once again for their prayers. His death marks the end of an era for Rhode Island and for millions who came to know him as a symbol of fairness, empathy, and kindness

The race for New Jersey governor is now set following the primary victories of Democratic Representative Mikie Sherrill and Republican Jack Ciattarelli. Both candidates are now preparing for a competitive general election in November that is likely to center around key issues such as affordability, state taxes, and public trust in leadership. Sherrill secured the Democratic nomination by defeating five prominent contenders, including a fellow member of Congress, major city mayors,

Mumbai's financial sector has witnessed a significant recalibration as a once-popular deposit product—the Japanese yen (JPY)-linked special deposit—loses momentum following regulatory scrutiny and shifting bank strategies. These fancy financial instruments, heavily marketed to attract non-resident Indian (NRI) funds and appease analysts with attractive yield spreads, are now undergoing a correction. The Reserve Bank of India (RBI) has reportedly advised certain banks to ensure

 In recent years, affluent Indian families have increasingly turned to offshore gifting as a means to support their children settled abroad, whether for education, property acquisitions, or participation in investor immigration programs like the U.S. EB-5 visa. While such familial financial support is common, the Reserve Bank of India (RBI) has intensified scrutiny over these transactions, particularly when they involve significant foreign investments and large remittances. T

The political landscape of Andhra Pradesh is witnessing an unusual moment of concern as Deputy Chief Minister Pawan Kalyan is reportedly unwell, and the news is swiftly spreading across social media platforms. Known for his tireless work ethic and deep commitment to public service, Pawan Kalyan’s deteriorating health condition has now become a talking point among both his supporters and critics. At 53, Pawan Kalyan remains one of the most dynamic and energetic political figures in the c