Tag: Indian Economy
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Air India and Tata: Is It Becoming an Achilles Heel
Has Air India become Tata’s Achilles Heel? The 2022 acquisition of Air India by the Tata Group was hailed as a landmark reset for Indian aviation. The price, industry optimism, and the consolidation of a long-struggling state carrier with one of India’s most respected private groups created anticipation of a brighter, more efficient era for…
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Repair Strained Ties with India: 19 U.S. Lawmakers Urge Trump
US Lawmakers Call for Immediate Reset of India Ties A coalition of 19 Members of Congress is urging President Donald Trump to take swift steps to repair what they describe as a strained relationship between the United States and India. Led by Congresswoman Deborah Ross and Congressman Ro Khanna, the group argues that the recent…
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Tata Group Infighting: Trustees Meet Ministers to Resolve Governance Disputes
Rising Tensions Within Tata Trusts The Tata Group, India’s most valuable business conglomerate, is facing a rare public flashpoint as infighting within its governing body—Tata Trusts—takes center stage. Reports indicate a split among trustees over governance and board appointments at Tata Sons, the group’s promoter and holding company. With Tata Trusts owning about 66% of…
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LPG Cylinder Price Hike Hits Businesses This Festival Season
Festival-season LPG price revisions and who they affect In a move that mirrors global crude trends, public sector oil marketing companies (OMCs) in India hiked the price of commercial LPG cylinders (19 kg) during the festival season. The latest revision raised the consumer price by ₹15-15.5, lifting the Kerala average to around ₹1,623.5 in Thiruvananthapuram,…
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RBI Deputy Governor Appointment: Shirish Chandra Murmu Named Deputy Governor
RBI Deputy Governor Appointment: Shirish Chandra Murmu Named Deputy Governor In a move that underscores the government’s ongoing leadership transition at India’s central bank, the Union Cabinet’s Appointments Committee approved the nomination of Shirish Chandra Murmu as Deputy Governor of the Reserve Bank of India (RBI). Murmu is set to assume the post for a…
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Shirish Chandr Murmu Appointed RBI Deputy Governor
Shirish Chandr Murmu Appointed RBI Deputy Governor In a development that shapes India’s central banking landscape, the government announced the appointment of Shirish Chandr Murmu as the Deputy Governor of the Reserve Bank of India. The decision, taken after due process by the Appointments Committee of the Cabinet (ACC), grants Murmu a fixed term of…
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RBI’s New Deputy Governor: Who is Shirish Chandra Murmu?
Who is Shirish Chandra Murmu? The Government of India has named Shirish Chandra Murmu as the Reserve Bank of India’s (RBI) new deputy governor. The appointment comes after the Appointments Committee of the Cabinet (ACC) approved the nomination, and Murmu will serve a three-year term in this senior regulatory role. As the second-highest rank in…
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PM Modi’s Address on GST Reforms: Key Highlights and Reactions
Introduction to PM Modi’s Address In a significant address to the nation, Prime Minister Narendra Modi unveiled a series of reforms aimed at simplifying the Goods and Services Tax (GST) structure. This initiative, termed the ‘GST Bachat Utsav’, seeks to reduce the tax burden on various essential goods and stimulate the economy through a push…
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Government’s Ambitious Plans for Public Sector Banks
Introduction The Indian government is setting lofty aspirations for public sector banks (PSBs) as part of its broader vision to achieve developed nation status by 2047. Among these ambitious goals is the aim to ensure that at least two PSBs are listed among the world’s top 20 global banks. Currently, the State Bank of India…
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India’s Increased Imports of Russian Crude Oil and US Pressure
Introduction In recent months, India has significantly increased its imports of Russian crude oil, reaching a staggering ₹30,000 crore. This move has drawn sharp criticism from the United States, which accuses India of indirectly supporting Russia’s military actions against Ukraine by purchasing vast quantities of its oil. The geopolitical landscape is shifting, and India’s stance…