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Get the appGetRBI Governor Sanjay Malhotra stated at the NDTV World Summit that high inflation acts like a tax on everyone. He emphasized that the RBI does not target any specific rupee level but focuses on curbing volatility. Malhotra also noted that inflation remains high while economic growth slows, posing a significant challenge for central bankers.
NDTV·
PoliticsPhoto: News18A college student in Kanniyakumari, Tamil Nadu, accused Christopher, a Tamilaga Vettri Kazhagam (TVK) functionary, of sexual assault after he offered her a ride during heavy rain. The student later sought to withdraw the complaint and requested no action against him, raising allegations of intimidation. Police confirmed the incident and ongoing investigation, with no arrests made yet.
News18··Kanniyakumari
BusinessPhoto: News18 BusinessThe BHIM Payments App now offers a Tatkal facility to open a National Pension System (NPS) account digitally, eliminating the need to visit a bank or submit new paperwork. Eligible Indian citizens aged 18 to 85 can start with an initial contribution of ₹250. The NPS is regulated by PFRDA and invests contributions through pension fund managers, with returns linked to market performance.
News18 Business·
BusinessPhoto: Mint CompaniesVolvo Cars announced plans to cut around 2,500 jobs worldwide, including 2,000 in Sweden, due to a challenging environment. The company cited factors such as US tariffs and intense competition from local Chinese brands as reasons for the layoffs, which will affect about 6% of its global workforce amid widening third-quarter losses.
Mint Companies·
EntertainmentPhoto: Amar EntertainmentOn October 23, several films including 'Udta Teer', 'Tu Hai Meri Kiran', 'Tum Mere Ho', and 'Pehla Pyaar Doosri Baar' were released. Many of these films failed to cross the one crore rupees mark on their first day at the box office. Meanwhile, 'Jailer 2' continues to perform strongly.
Amar Entertainment·
BusinessPhoto: Economic TimesPiyush Goyal emphasized the importance of collaboration between Indian and German research institutes during his visit. He highlighted opportunities for co-development and co-innovation under the India-EU free trade agreement. Goyal urged these institutes to link research with industry to support manufacturing in India and mentioned India's extensive trade agreements that enhance global market access.
Economic Times·
NDTV·
RBI Governor Sanjay Malhotra stated at the NDTV World Summit that high inflation acts like a tax on everyone. He emphasized that the RBI does not target any specific rupee level but focuses on curbing volatility. Malhotra also noted that inflation remains high while economic growth slows, posing a significant challenge for central bankers.
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