RAI Financial News

Delhi Police to withdraw a case against former JNUSU vice president Shehla Rashid Shora for her tweets on the Army, police sources said. Chief Metropolitan Magistrate Anuj Kumar Singh passed the order on February 27 on an application moved by the prosecution, which claimed that Delhi Lieutenant Governor V K Saxena has withdrawn his sanction to prosecute Shora. According to the application, the LG order came on the recommendation of a Screening Committee.

Indian Army Aviation, two of the IAF and one civil copter hired by the Army, are engaged in the rescue operations, an Army spokesperson said. Thirty-three were rescued by Friday night. The avalanche hit the Border Roads Organisation (BRO) camp between Mana and Badrinath between 5:30 am and 6 am on Friday, burying 55 workers inside eight containers and a shed, according to the Army.

GST collections grow 9.1 pc to about Rs 1.84 lakh crore in February. GST collections for January reached Rs 1.96 lakh crore, marking a 12.3% increase compared to the same period last year. In December, GST collections stood at Rs 1.77 lakh crore, reflecting a 7.3% year-on-year rise. This was a slowdown from the 8.5% growth recorded in November, attributed to reduced consumption following the festive season.

moon marking the start of Ramadan, the Muslim holy month, official media said on Friday. The «world-first» innovation puts a new twist on a centuries-old tradition where people scan the skies for the first glimpse of the newly visible moon. «The use of AI-powered drones extends the concept of direct visual observation, which remains the primary method for confirming the sighting of the crescent moon,» the WAM news agency said, citing the UAE Council for Fatwa.

Gukesh, who lost the Tata Steel Masters in Wijk aan Zee to Praggnanandhaa on tiebreak, is behind second-placed Hikaru Nakamura (2802) while and Norway's Magnus Carlsen (2833) continues to be the top-ranked chess player in the world. The Indian Grandmaster has overtaken compatriot Arjun Erigiasi and USA's Fabiano Caruana.

White House clash between Ukrainian President Volodymyr Zelenskiy and Donald Trump divided the U.S. president's fellow Republicans and dimmed prospects that Congress will approve any further aid for Kyiv in its war with Russia. Some Republicans who had long supported Ukraine lashed out at Zelenskiy after Friday's exchange, in which Trump and Vice President JD Vance berated the Ukrainian leader before the world's media, accusing him of disrespect. Senator Lindsey Graham called for Zelenskiy to change his tune or resign, just hours after attending a friendly meeting between Zelenskiy and a dozen senators.

Tony Abbott, who is currently visiting India, said that he has «always been a friend of India.» PM Modi also spoke about how Abbott during a visit to Dilli Haat venue in the national capital enjoyed millets. Sharing a picture with Abbott on X, PM Modi stated, «Delighted to meet my good friend and former Australian PM, Mr. Tony Abbott. He has always been a friend of India's. We have all seen him enjoy millets during his current visit.»

The affected families have been relocated to safer places and restoration works are in progress, said Kangra Deputy Commissioner, Hem Raj. One person was reported missing near Shiva Hydropower project in Palampur and search operations have been launched to trace him, officials said on Saturday.

Nirmala Sitharaman on Saturday asked civil accounts services officials to work towards making the government's annual accounts more approachable and user-friendly. Addressing the 49th Civil Accounts Day event here, Sitharaman lauded the Indian Civil Accounts Service (ICAS) officers, led by the Controller General of Accounts (CGA) for the «silent technological revolution» in which states are finding a lot more ease of operation and ease of getting their government business done by adopting the public financial management system (PFMS). «I would also like you to examine, in consultation with the CAG, whether it would be possible to make the annual accounts more approachable and user-friendly and allow citizens to analyse easily and generate customisable and simpler reports,» Sitharaman said. She said that since a lot of digital integration has already taken place with the states, more research can be carried out based on the data set available with the CGA. «If you're able to make the report a lot more user-friendly, that itself can generate a lot of interest in the work that you do,» the Minister said.

Punjab National Bank has reduced its External Benchmark Linked Rate (EBLR) with effect from March 1, 2025. All new floating rate loans from a bank are now linked to EBLR and any change in EBLR will corresponding impact on the EMIs. In case a bank cuts EBLR the borrower will see their EMIs fall or tenure come down based on the choice they make after the rate cut. PNB on the other hand, has increased its marginal cost of funds based lending rate (MCLR) for loans with effect from March 1, 2025. Before the EBLR regime came in force banks were lending on the basis of MCLR which has been used as a benchmark interest rate by banks to determine the minimum rate at which they can lend money. However, those old borrowers who have their floating rate loans still linked to MCLR regime has now got the option to shift to EBLR regime whenever they wish. Read below to know what are the new PNB EBLR and MCLR rates

Rs 2000 banknotes have been returned to the banking system, and only Rs 6,471 crore worth such notes are still with the public. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2000 denomination banknotes from circulation. The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, declined to Rs 6,471 crore at the close of business on February 28, 2025, RBI said. «Thus, 98.18 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned,» it said in a statement.

«In order to pave the way for the implementation of leader Apo's call for peace and democratic society, we are declaring a ceasefire effective from today,» the PKK executive committee said in a statement quoted by the pro-PKK ANF news agency, referring to Ocalan. «We agree with the content of the call as it is and we say that we will follow and implement it,» the committee said.

Ojha, who recently contested the Delhi Assembly elections and lost to BJP’s Ravinder Singh Negi, took to social media to share a video of his stripped-down vehicle. His frustration was clear. «How can this happen in the national capital in broad daylight?» he asked.

Rupee against the dollar, says a report by Union Bank of India. In the first two months of 2025, the Indian rupee has already depreciated more than half the depreciation happened in all of 2024. By February 28 the Rupee has depreciated by 1.8 per cent against USD, this decline is already more than the 1.5 per cent depreciation seen in 2023 and nearly half of the 3 per cent depreciation recorded in 2024. The report said «change in stance of RBI governor Sanjay Malhotra who stated that the central bank is open to more flexible rupee and will allow it to move freely in tandem with its local peers as against former RBI governor Das who favoured a very stable rupee against the US dollar is also putting pressure on rupee».

Although Zelenskyy stood firm and did not apologise for the altercation, he deemed the episode «not good for both sides.» However, Zelenskyy expressed that it would be «difficult for us» to defend Ukraine from Russia if the US withdrew its support. He regretted that the clash with the US premiere was televised, but asserted: «Please be correct. I want to be polite.»

All scheduled and non-scheduled banks are closed on the second and fourth Saturdays and banks work on the first and third Saturdays (fifth in some cases) of the month unless announced as a holiday in the RBI’s holiday list. Also read: Money deadlines in March 2025: From special FD deadline to UAN activation

Gross domestic product (GDP) had grown at a seven-quarter low of 5.6% (revised up from 5.4%) in the second quarter. The full FY25 growth is now seen at 6.5%, a tad higher than the 6.4% estimated in the first advance estimate released in January. FY24 growth has been revised up to 9.2%, from 8.2% estimated earlier, the highest in the last 12 years, except for the post-Covid 9.7% rebound in FY22.

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total lunar eclipse or a 'blood moon' will be visible across the United States. The full moon will be red in colour and will surely dazzle your eyes. The best part is you don't need any equipment to watch and can be seen with your naked eyes.

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Piramal Enterprises said in an exchange filing on Friday that it had received a tax demand of 15.02 billion rupees (nearly $172 million) for the sale of its pharmaceutical business to Piramal Pharma in fiscal year 2021. A tax office in the state of Maharashtra has asked the financial services company to pay 18% Goods and Services Tax (GST) on the deal, the latter said in the filing. The tax bill amounts to about 15% of its revenue for the fiscal year ended March 31, 2024. Piramal Enterprises said it has solid grounds to challenge the «unjustified» demand.