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Reserve Bank of India governor Sanjay Malhotra told Sangita Mehta and Sruthijith KK in an interview that India's Goldilocks phase can be sustained as macroeconomic fundamentals have strengthened over the decades while cautioning that global uncertainty, climate risk and technology disruptions continue to pose challenges. Policy rates are likely to stay at current levels or even go lower for an extended period, he said, provided there are no shocks. Malhotra also touched upon the economy, inflation, electronic payments, non-bank lenders, artificial intelligence and the insolvency code among other matters. The interview took place before the West Asian conflict began. Edited excerpts:Given the change in tariff assumptions and the latest inflation and GDP data, have you revised your growth and inflation outlook?In the recent MPC (monetary policy committee) statement, we mentioned that in view of the forthcoming revision in the base year and methodology, we will be giving the full-year...

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Chennai: Prime minister Narendra Modi will inaugurate American memory chip maker Micron's Assembly, Test and Packaging (ATMP) facility in Sanand on Saturday, as per a government press release. Union minister for electronics and information technology Ashwini Vaishnaw is also expected to be present at the event. The project, which had its ground-breaking ceremony in September 2023, was the first one approved under India Semiconductor Mission. With a total outlay of over ₹22,500 crore, once the facility is fully ramped up, it will feature around 500,000 square feet of cleanroom space. from Economic Times https://ift.tt/7SHUOL4

Chennai: Indian pacer Arshdeep Singh surpassed Jasprit Bumrah to become the country's highest wicket-taker in ICC T20 World Cup history on Thursday. Arshdeep achieved this milestone (35 wickets) during his side's do-or-die match against Zimbabwe at Chennai and brought his absolute best in this crucial match, taking 3/24 in four overs.In 19 matches since his debut in the 2022 T20 World Cup, Arshdeep has taken 35 wickets at an average of 14.25 and an economy rate of 7.33, with a four-fer to his name. Bumrah was previously the leading wicket-taker for India, with 33 scalps in 23 matches at an average of 14.00, with best figures of 3/7. Bangladesh's Shakib al Hasan (50 wickets) is the top wicket-taker in the tournament's history. So far in the five matches, Arshdeep has taken eight wickets at an average of 16.00, with best figures of 3/24 coming today. In the previous edition back in 2024, Arshdeep was the joint-highest wicket-taker with 17 wickets in eight matches at an av...

New Delhi: Congress leader Rahul Gandhi on Wednesday took a swipe at Prime Minister Narendra Modi, saying it has been more than 24 hours since he challenged the PM to scrap the India-US interim trade deal and once again, he (Modi)has "quietly slipped off to Israel".In a post in Hindi on X, Gandhi said, "Narendra 'Surrender' Modi, it's been more than 24 hours since I challenged you to cancel the US Trade Deal -- and once again, you've quietly slipped off to Israel."<blockquote class="twitter-tweet">नरेंद्र “सरेंडर” मोदी, आपको US Trade Deal रद्द करने की चुनौती दिए हुए 24 घंटे से ज़्यादा हो गए - आप फिर खामोशी से Israel निकल गए।<br/><br/><br/><br />एक बार तो आप Epstein के कहने पर Israel में ‘dance and sing' कर ही चुके - अबकी बार वहां किसके कहने पर देश के हितों के ख़िलाफ़ सौदा कर के आएंगे?… <a href="https://t.co/EpvXFOelcJ">pic.twitter.com/EpvXFOelcJ</a><br/><br/><br />— R...