Nearly a third of positions at the National Company Law Tribunal remain unfilled, impacting the government’s insolvency reform initiative. This shortage has led to operational inefficiencies, delaying insolvency resolutions significantly. The average resolution time has surged to 716 days, far exceeding the 270-day deadline, posing challenges for corporate insolvency processes.
Read MoreRetail inflation in New Delhi rose to a 9-month high of 5.5% in September, driven by a sharp increase in food prices like vegetables, edible oils, and pulses. This surge in inflation dampens hopes for an interest rate cut, despite the RBI’s recent policy shift to a neutral stance.
Read MoreNew Zealand’s 54-run win over Pakistan in Dubai secured their spot in the Women’s T20 World Cup semifinals and knocked India out of the tournament. Despite Pakistan’s efforts to contain New Zealand to 110 for six, their batting collapsed, getting all out for 56. New Zealand secured their first semi-final spot since 2016.
Read MoreRBI governor Shaktikanta Das has warned of risks associated with excessive reliance on AI and machine learning in banking, highlighting potential market concentration, systemic instability, and increased cyber vulnerabilities. He urged banks to implement adequate risk mitigation measures. Das also proposed expanding India’s real-time gross settlement system to include major trade currencies like the...
Read MoreAmid accusations by Canada implicating India’s high commissioner in an “ongoing investigation”, India firmly rejected these claims as politically motivated. This latest development further strains Indo-Canadian relations, already troubled since Trudeau’s allegations last year and historical tensions dating back to the 1980s.
Read MoreIndia’s investigative team is visiting the US to discuss allegations of a plot to assassinate a Khalistani separatist in New York. The US State Department has issued a statement on the case, and India’s enquiry committee will probe further linkages. India’s embassy has not commented on the team’s arrival amid tense US-Canada relations.
Read MoreDiplomatic tensions rise as India withdraws High Commissioner and diplomats from Canada, citing safety concerns and rejecting Trudeau’s baseless allegations linking Indian agents to a Canadian citizen’s murder. India condemns Canada’s investigation, calling it politically motivated vote bank politics.
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