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Subscribe to enjoy similar stories. The war on inflation has a new general leading the charge, as India's top revenue officer Sanjay Malhotra moves from North Block to Mint Road. On Monday, the Union cabinet's appointments committee named the 1990 batch IAS officer to lead the Reserve Bank of India, a day before governor Shaktikanta Das leaves at the end of six years at its helm.

Shaktikanta Das concludes his tenure as the 25th Governor of the Reserve Bank of India (RBI), he leaves behind a legacy characterised by deft crisis management, steady policymaking, and an unflinching focus on India’s economic stability. Appointed in December 2018, Das took charge of the central bank at a critical juncture, navigating challenges ranging from the aftermath of demonetisation to a global pandemic that upended economies worldwide. He is set to demit office on December 10, 2024 as Sanjay Malhotra is set to succeed him as the 26th RBI boss on December 11, 2024 for a period of three years.

Shaktikanta Das, another finance ministry bureaucrat has been appointed as the governor of the Reserve Bank of India (RBI). Revenue Secretary Sanjay Malhotra will replace Das. Economists were speculating over the future of Das in the wake of data showing the South Asian economy expanded 5.4% from July to September, a seven-quarter low and far below the Reserve Bank of India’s 7% projection, Bloomberg reported. When Shaktikanta Das joined the central bank six years ago, he had waded into a government-RBI rift. A deft bureaucrat like his predecessors Duvvuri Subbarao and YV Reddy, Das had a tough job: to clean the mess left by high-profile economists Raghuram Rajan and Urjit Patel whose tenure at the helm of the RBI was marked by spats with the government, erosion of confidence and high uncertainty. Now, when expectations for a rate cut have spiked after a long rate pause and the GDP dip, Malhotra will be heading the Monetary Policy Committee (MPC) when it considers a rate cut in its February meeting.

Sanjay Malhotra on Monday was appointed as the 26th Governor of the Reserve Bank of India as current Governor Shaktikanta Das' term ends on Tuesday. Malhotra, a 1990 Batch Rajasthan Cadre IAS Officer, will assume office on December 11, 2024 for a period of three years, the appointment committee of the cabinet said in a notification. His appointment comes at a critical juncture as the RBI battles challenges like inflation control and slowing down of economic growth.

Sanjay Malhotra as the new governor of Reserve Bank of India. Malhotra is set to replace Shaktikanta Das whose tenure ends of December 10.

BJP leader Pravin Darekar on Sunday stated that Sharad Pawar support for West Bengal Chief Minister Mamata Banerjee's willingess to lead the INDIA bloc, meant that the Nationalist Congress Party (SP) chief wanted to convey Rahul Gandhi's leadership is «incapable» and that now Congress is «unable» to lead the opposition alliance. «I think this means that Pawar Sahab wants to say that Rahul Gandhi's leadership is not capable and Congress can't lead now. So, Pawar Sahab's direction is towards one side and words on the other side. Only time will tell what is in his mind,» Darekar told ANI. Sharad Pawar on Saturday acknowledged the leadership potential of West Bengal Chief Minister Mamata Banerjee, emphasising her prominence as a national leader and the competence of her party's representatives in Parliament.

The incident took place late Friday night when Sudheer, his brother Prem, and their friend Sagar got into a dispute with a family living on the first floor of the building in Govindpuri over a common toilet that was not flushed. The altercation escalated when Sudheer objected to the toilet not being flushed, leading to the violent attack.

Supreme Court will hear on December 12 a batch of petitions challenging certain provisions of Places of Worship (Special Provision) Act, 1991, that prohibit the filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947. A special bench of Chief Justice of India Sanjiv Khanna and Justices PV Sanjay Kumar and KV Vishwanathan will hear the case at 3.30 pm. The Act prohibits conversion of any place of worship and to provide for the maintenance of the religious character of any place of worship as it existed on the August 15, 1947.

Subscribe to enjoy similar stories. On the surface, this newly listed water management stock may look like the biggest story to watch out for in 2025. Why, you ask? It belongs to the red-hot water management sector, and we recently explained why stocks involved in this industry could make big moves in 2025.

Centre on Thursday told the Supreme Court that it has decided not to accept recommendations for enhancing pension by 10 per cent to retired regular captains of the Army in accordance with the One Rank One Pension scheme (OROP). A bench comprising Chief Justice Sanjiv Khanna and justices Sanjay Kumar and Manmohan was apprised about the non-acceptance of recommendations on pension hike by Additional Solicitor General (ASG) Aishwarya Bhati, who appeared for the Centre. The top court was hearing an appeal of the Centre challenging an order of December 7, 2021 of the Armed Forces Tribunal (AFT) at Kochi. According to the AFT order, the central government was to take a decision on the pension payable to the retired regular captains.

Subscribe to enjoy similar stories. With social and development spending rising steadily, government finances have been under pressure. This seems to have put overzealous revenue authorities on a constant lookout for how to squeeze more money out of tax assessees.

Manjesh Kumar, a 42-year-old property dealer, had hired a hitman to eliminate his business partner, but the hitman double-crossed him, ultimately killing Manjesh instead. The drama began when Arjun Kumar, a former Army man and the hitman hired by Manjesh, decided to betray him. Arjun informed Sanjay Singh, Manjesh’s business partner, about the plan. Seizing the opportunity, Sanjay, 42, offered Arjun a hefty Rs 10 crore to turn the tables and eliminate Manjesh instead. Police investigations revealed that Manjesh was found dead in a rented house in Patel Nagar, Dehradun, which belonged to one of the accused’s accomplices. The cause of death was strangulation, with shoe laces being used as the murder weapon.

Arvind Kejriwal, and BRS leader K Kavitha on the ED's plea challenging a trial court's order directing it to supply «unrelied documents» to those accused in the alleged money laundering case related to the excise policy. Justice Manoj Kumar Ohri issued notices to all the 40 accused on the Enforcement Directorate's (ED) petition as well as its application for stay in the case. The high court listed the matter for further hearing on January 30 next year. Besides former Delhi chief minister Kejriwal, AAP leaders Manish Sisodia and Sanjay Singh and several businessmen are among the accused in the case.

trade hub by expanding participation of authorised economic operators (AEOs), integrated free zones, and promoting innovative policies, Revenue Secretary Sanjay Malhotra said on Friday. «We aim to set new benchmarks in trade facilitation and global connectivity,» Malhotra said while delivering the valedictory address at the Global AEO Conference here. He further said technology and trust are two pillars of the revenue department and underscored the importance of expansion of Mutual Recognition Agreement (MRA) programme to include more regional and bilateral partners. India has been adopting technology both in direct and indirect tax administration, he said, adding that most of the services are online including appeals, refunds and payments.

Info Edge has filed a first information report (FIR) at Mumbai’s Bandra Police Station against Rahul Yadav and others in connection with a fraud involving funds from 4B Networks. In 2015, Yadav who cofounded real estate portal Housing.com was fired by the company’s board. «We would like to inform you that pursuant to a complaint filed by AIPL, an FIR has been registered by the Bandra Police Station (Mumbai Police) on November 29, 2024 against Rahul Yadav, Devesh Singh, Pratik Choudhary, Sanjay Saini (and unnamed others) in connection with 4B Networks, alleging inter alia commitment of certain fraudulent acts involving 4B Networks' funds,» the document read. In 2021-22, Info Edge invested Rs 295 crore in Housing.com founder Rahul Yadav’s new real estate startup, 4B Networks.

Sanjay Raut on Sunday said that Governor Bhagat Singh Koshyari must propose President's rule in the state because of the «mess» over the ongoing stalemate regarding Chief Minister post in Maharashtra. He reiterated his allegations against the Electronic Voting Machines (EVMs). «Governor should propose the President rule here because of the mess that has happened here. This is wrong. People are watching everything. People know how the elections were conducted, EVMs main kaisi gadbadi hui (how the EVMs were hampered). We are trying to create a national movement over this,» Shiv Sena MP Sanjay Raut told reporters. The senior Shiv Sena (UBT) leader further said that the Eknath Shinde-led state government was against the constitution. The state government remained in power only because of the Supreme Court and former Chief Justice of India (CJI) DY Chandrachud, Raut said, adding that the caretaker government in Maharashtra is also against the Constitution.

ASSOCHAM in collaboration with Egrow Foundation conducted an in-depth study on “MSMEs Facing Challenges in Doing Business”. The study marked the culmination of a series of detailed interviews with members of various state units of ASSOCHAM.

Uddhav Balasaheb Thackeray Sena in a bizarre demand has asked to stay the assembly results and hold fresh elections through paper ballots. “ We have made 450 complaints against the EVM machines in these elections, the elections were conducted as per procedure. We are saying that stall these results and do the elections from paper ballots and we would win the elections. We were leading in the morning in the paper ballots in these elections early but then when the counting in the EVM happened things changed.”said Sanjay Raut Rajya Sabha MP and party spokesperson of the Uddhav Balasaheb Thackeray Sena. Raut claimed that they want elections to be held through paper ballots. “We are not saying this because we lost, we have been saying against EVM for the last ten years. Now they (BJP) claim that they won in Jharkhand and lost in Maharashtra but we would like to tell them to do one thing: take Jharkhand and let us win in Maharashtra. Do something in the EVM machine and let us win in Maharashtra.”said Raut sarcastically.

Rajya Sabha chairman Jagdeep Dhankar said discussions over Gautam Adani's indictment in United States over alleged bribergy charges worth $256 million will not be allowed in the Upper House. Vice President and Rajya Sabha chairman in opening session said that he has received 13 notices from Members of Parliament (MPs) for discussion over allegations against Adani Group. Amid furour, the Rajya Sabha was adjourned till 11:45 pm.

Sanjay Raut on Sunday spoke on the recent Maharashtra assembly elections and said that the party was not disappointed addeing that they were the Shiv Sainiks of BalaSaheb Thackeray who had seen several defeats and victories in his life. Speaking to media persons, Raut said «We are not disappointed, we are people who fight. We are Shiv Sainiks of Balasaheb Thackeray. Balasaheb Thackeray has also seen many defeats and victories in his life. We are not sad that we lost or lost power. We will fight against the injustice in Maharashtra.» Further, he added that the people of Maharashtra were sad on the results and questioned on where the celebrations were on the results.