Saturday, September 26, 2026
Home Blog Page 453

RBI lays out the Saksham roadmap for cooperative banks

0
RBI lays out the Saksham roadmap for cooperative banks


RBI lays out the Saksham roadmap for cooperative banks

Mumbai: The Reserve Bank of India on Tuesday unveiled a nationwide capacity-building initiative for urban cooperative banks, as part of its continuing efforts to strengthen the sector’s resilience and governance standards.The programme, titled Mission SAKSHAM, has been conceived as a mission-mode, sector-wide training exercise aimed at upgrading skills across all levels of urban cooperative banks (UCBs). Launched by the RBI Governor, the initiative will roll out a mix of in-person and e-learning modules designed to cover nearly 1.40 lakh participants across the country.The training programmes will target a broad spectrum of stakeholders within UCBs, including board members, senior management, and key functional heads in risk, compliance and audit, as well as employees working in IT and other critical areas. In a bid to widen accessibility and effectiveness, the central bank said it would endeavour to deliver course content in regional languages wherever feasible.The mission has been designed in consultation with the sector’s umbrella organisation and national and state-level cooperative federations, reflecting a collaborative approach to capacity building.With Mission SAKSHAM—literally meaning “to make capable”—the RBI aims to enhance managerial and operational capabilities, improve compliance culture and reinforce institutional strength across UCBs. The initiative is also expected to create a sustainable ecosystem for continuous learning within the sector, contributing to financial stability and supporting the long-term growth of urban cooperative banks.In a speech in July 2025, RBI Deputy Governor Swaminathan laid out the future framework for cooperative banks stating that urban cooperative banks (UCBs) must evolve into resilient, professionally managed institutions that retain their community‑oriented character while adhering to modern banking standards. He highlighted that strong governance, independent boards, and robust risk‑management practices would be central to this vision, with the RBI expecting UCBs to safeguard depositor trust and align with a more risk‑based supervisory framework.In the same speech, he outlined that scale, technology, and cooperative‑led networks would shape the sector’s future, highlighting the role of structures such as the National Urban Cooperative Finance and Development Corporation (NUCFDC) as umbrella platforms to help smaller UCBs pool resources, access shared technology, and strengthen capital and liquidity. In this forward‑looking framework, cooperative banks are expected to grow through consolidation and enhanced digital capabilities while operating within a regime of vigilant regulation and prudent governance.


Samsung Galaxy Book6 Pro review: A creator’s dream that finally matches the efficiency of a MacBook?

0
Samsung Galaxy Book6 Pro review: A creator’s dream that finally matches the efficiency of a MacBook?


Samsung has clearly set a pattern with its Galaxy Book series laptops, and if you’ve been following it for the past few years, you’ll notice it right away. Like their smartphones, the upgrades are almost too subtle and gradual. The main goal is to refine what is already working rather than trying to create something new.

Samsung Galaxy Book6 Pro review: Thin, fast and reliable (Amit Rahi – HT)

For the past seven years, I’ve tracked consumer technology through constant changes in hardware, platforms, and the way people actually use devices. Covering everything from budget gear to flagship hardware, I focus on what readers need to know, not buzzwords or launch cycle hype. My expertise spans gaming laptops and chairs, high-performance PCs, gaming monitors, printers, smartwatches, earphones, headphones, Bluetooth speakers, tablets and more, with a particular emphasis on how these products hold up to daily use. Reviews, explainers, buying guides and news pieces all share the same goal: to give readers enough detail to make confident decisions without pretension. Away from deadlines, I spend a lot of time gaming and watching movies and anime, which naturally leads back into work. Performance, comfort, display quality, and sound are judged the way they are experienced by players and spectators, not just lab numbers, which keeps my coverage based on real scenarios rather than just benchmarks.

read moreread less

The Galaxy Book6 Pro follows that pattern perfectly. At first glance, you won’t notice any changes to the laptop, because there have been no changes. The Book6 Pro looks and feels very similar to the Book5 Pro or even the Book4 Pro. You’ll barely notice any difference, and that’s the point. Instead of creating an entirely new experience, Samsung is simply trying to refine what’s already great.

The real change is inside with the latest Panther Lake processor and bigger battery. Samsung is promising better performance without cutting into battery performance. Our review unit has the top-end configuration, starting at ₹1,78,990. That’s a lot of money for a laptop, so expectations are equally high. Let’s see if the Galaxy Book6 Pro is worth this price, when there are many strong options in this segment

A design that never gets old

Let’s start with the design because this is where most people will be impressed, unless you’re the kind of person who likes to see a new design every year. Samsung hasn’t made any changes to the design at all; The only change you can find is that the location of the logo on the lid has been changed. Furthermore, if you put the Book6 Pro right next to the Galaxy Book5 Pro, you can barely tell the difference.

Samsung Galaxy Book6 Pro review (Amit Rahi – HT)

It’s one of the cleanest and most practical designs on an already thin and light laptop. It’s slim, it’s minimal, and it feels premium without trying too hard. At around 1.2kg and only 11.6mm thick, it’s incredibly easy to take with you. You can slip it into almost any bag without thinking twice, or simply carry it without a backpack.

The wedge shaped design is something I have always liked. This gives the illusion of being thinner than it actually is, and it makes the laptop feel sleek in a way that flat designs sometimes don’t.

Samsung Galaxy Book6 Pro review (Amit Rahi – HT)

The build quality is exactly what you’d expect from Samsung at this price. The metal chassis feels solid, the finish is smooth and soft to the touch, and there’s no flex anywhere. The keyboard deck feels sturdy, the lid doesn’t budge, and it’s easy to open with one hand. These are little things, but they add up to a premium experience.

One thing Samsung deserves credit for is the port selection. Despite how thin this laptop is, you still get a very useful set of ports. Thunderbolt, USB-A, HDMI, and a headphone jack are all here, which means you won’t be living the dongle life all the time.

That said, removing the microSD card slot feels like a step backward. This was a useful feature, especially for content creators who work with cameras and handle data via microSD cards.

Samsung Galaxy Book6 Pro review (Amit Rahi – HT)

The keyboard is low-profile with closely spaced keys, and it’s comfortable enough for long typing sessions. The keys are a bit flimsy, and while this makes it quieter, it also takes away the clickiness from the keys, which is important to me.

The trackpad, on the other hand, is excellent. This is easily one of the best haptic trackpads I’ve used on a Windows laptop in a long time. The glass surface feels smooth, the clicks feel consistent, and the overall accuracy is spot on.

AMOLED display

Samsung has been using the same display in its laptops for the last two generations, and it is an ideal display you could ask for on a laptop. You get a 3K AMOLED touch screen display, and while it’s not completely new, it’s still ahead of most competitors. Colors are rich and vibrant, contrast is exactly as you’d expect from an AMOLED panel, and all content looks crystal clear and lifelike.

Samsung Galaxy Book6 Pro review (Amit Rahi – HT)

You get up to 1000 nits in HDR and around 500 nits in regular use, which makes a big difference, especially when you’re working in bright environments. The 120Hz refresh rate is another highlight. Scrolling feels smooth, animations feel fluid, and once you get used to it, going back to 60Hz feels slow. The dynamic refresh rate also helps with battery life, automatically going from 30Hz to 120Hz when needed.

Samsung Galaxy Book6 Pro review (Amit Rahi – HT)

Color accuracy is strong across the board. Whether you’re editing photos, working on videos, or just watching content, this display performs really well. This is one of those panels that works equally well for entertainment and business use. Although it’s a bright display, the reflection surprisingly isn’t that distracting. The higher brightness of the screen helps a bit when using the laptop outside.

Real performance where it really matters

This is where the Galaxy Book 6 Pro really starts to surprise me. The unit I tested came with Intel’s Core Ultra X7 358H processor from the Panther Lake series along with 32GB of DDR5 RAM and a 1TB NVMe SSD. On paper, it’s a powerful setup and it really lives up to that promise.

Samsung Galaxy Book6 Pro review (Amit Rahi – HT)

For everyday tasks, this laptop feels comfortable; Opening apps, switching between tasks, handling multiple tabs, everything works smoothly. There’s no hesitation, no lag, nothing that pulls you out of your workflow. And all this in silent mode, I barely switch this laptop into performance mode unless I’m playing games on it or editing videos on DaVinci.

I spent a lot of time editing videos on DaVinci Resolve, working with multiple layers, text overlays, and effects. Even on battery, performance remained stable. Playback was smooth, and presentation didn’t seem to struggle either. This isn’t something I can say for every thin and light laptop.

Samsung Galaxy Book6 Pro review (Amit Rahi – HT)

The integrated Intel Arc GPU also deserves a mention here. It’s not meant to replace a dedicated GPU, but it’s surprisingly capable. Casual gaming can be done with ease, and heavy games can also be run if you want to tweak the settings a bit.

I tried Cyberpunk 2077, and while you have to lower the resolution and enable XeSS, the fact that it runs on a machine like this, and on battery, is honestly impressive.

Thermals are mostly fine; In light use, the fan barely kicks up, it’s very quiet, and the laptop also stays cool to the touch. But under heavy load, the laptop gets warm, which is to be expected given its thinness.

Benefits of Samsung Ecosystem

Windows laptops are notorious for having a ton of bloatware right out of the box. You will see a similar case here, unless you are a Samsung smartphone user. The only bloat you get on this laptop are Samsung’s own apps, and most of them are useful with or without a Samsung smartphone. The real value is visible when you pair this laptop with a Samsung phone.

Samsung Galaxy Book6 Pro review (Amit Rahi – HT)

Samsung’s Multi Control feature is amazing, the shared clipboard is something I use constantly, and the ability to move your cursor between devices feels intuitive. Dragging files directly from your phone to the laptop is possibly one of the smoothest file transfer experiences I’ve used. And it is not only convenient but also fast as it takes a few minutes to transfer gigabyte video files.

Using your phone as a webcam is another useful addition, especially since the built-in webcam on this laptop is average. Samsung has also added quick settings directly to the system tray, making small adjustments much easier. Changing display modes, toggling features, it’s all accessible without digging through menus.

Battery life that really frees you

Battery life is easily one of the strongest aspects of this laptop. With the efficiency improvements from the Panther Lake series, it is very realistic to get about 10 to 12 hours of use. And in lighter workloads, especially in silent mode, you can push it even further.

Samsung Galaxy Book6 Pro review (Amit Rahi – HT)

This is one of those rare Windows laptops where you don’t have to worry about carrying your charger everywhere. You can leave it at home and still go through the day without any problems. The 65W charger can take the battery from low to full in under an hour, making topping up very convenient.

What did Samsung do right?

  • Amazing AMOLED display
  • Strong battery life
  • seamless real world performance
  • Premium thin and light design
  • Best in class trackpad
  • Useful Samsung Ecosystem Features

What are the defaults?

  • The keyboard feels a little mushy
  • no microSD card slot
  • average webcam

So is it worth it?

The Samsung Galaxy Book6 Pro takes an already solid formula and improves on the parts that really matter. Performance has improved, battery life is fantastic, and the overall experience feels more refined. For a Samsung smartphone user, this laptop is the perfect choice to complete the entire ecosystem. If you’re upgrading from an older machine, or stepping into the premium thin and light category, this is a very easy laptop to recommend, it gets everything right.

HP EliteBook 8 G1a review: Premium business laptop with impressive battery and AI features

Is ₹16,000 better than a tablet? PrimeBook 2 Neo review: It’s the underrated Android laptop ₹Is it better than a tablet priced at Rs 16,000?

Disclaimer: At Hindustan Times, we help you stay updated with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a share of the revenue when you make a purchase. We will not be liable for any claims under applicable laws including but not limited to the Consumer Protection Act, 2019 in relation to the Products. The products listed in this article are in no particular order of priority.


Former FBI director James Comey indicted for second time

0
Former FBI director James Comey indicted for second time



The indictment stems from a 2025 photo of seashells posted by Comey that critics have said encouraged violence against the US president.


Buying gold, car or shares over 2 lakh? PAN now mandatory for these transactions under new tax rules, check where Form 97 now applies

0
Buying gold, car or shares over 2 lakh? PAN now mandatory for these transactions under new tax rules, check where Form 97 now applies


Buying gold, car or shares over 2 lakh? PAN now mandatory for these transactions under new tax rules, check where Form 97 now applies

If you are planning to buy gold jewellery worth more than Rs 2 lakh or open a demat account without a PAN, the new income tax framework has an important update for you. From April 1, old Form 60 has been replaced by Form 97, but PAN remains compulsory for several high-value purchases and financial transactions.The change comes under the Income Tax Act, 2025 read with the Income Tax Rules, 2026. The government has also replaced old Form 61 with Form 98 as part of a wider compliance overhaul aimed at making declarations simpler, faster and more technology-driven, according to an ET report.The Income Tax Department has said the redesigned forms use simpler language, standardised pre-filled formats and digital processes to reduce disputes and filing errors. It expects annual filings under these forms to fall by 80-85 per cent from around 12.5 crore currently.

Buying gold above Rs 2 lakh? PAN still compulsory

Chartered Accountant Suresh Surana said the new rules continue the requirement of quoting PAN for specified transactions.Under Rule 159 of the Income-tax Rules, 2026, which corresponds to the earlier Rule 114B, sale or purchase of goods or services above Rs 2 lakh per transaction continues to fall within the reporting net.“Accordingly, transactions like purchase of gold jewellery would continue to be included within its ambit,” Surana said, ET quoted.“Although the updated rules reflect a broader intent to rationalise compliance and reduce reporting for routine and lower-value transactions, there is no specific amendment affecting high-value purchases of goods, including jewellery.”“As such, the requirement to quote PAN for transactions above Rs 2 lakh remains applicable under the current framework,” he added.

Where Form 97 will not work now

The compliance system has shifted more sharply towards PAN-based verification, meaning Form 97 cannot be used in several transactions.According to Surana, PAN is mandatory for:

  • Purchase of motor vehicles above Rs 5 lakh
  • Credit card applications
  • Opening demat accounts
  • Mutual fund, debenture and bond investments above Rs 50,000, including RBI bonds
  • Cash deposits or withdrawals above Rs 10 lakh
  • Purchase or sale of securities above Rs 1 lakh per transaction
  • Purchase or sale of unlisted shares above Rs 1 lakh per transaction
  • Transactions removed from reporting list

Surana said some transactions have been taken out of the Form 97 reporting framework altogether:

  • Purchase of foreign currency
  • Cash purchase of bank drafts, pay orders or banker’s cheques
  • Transactions involving prepaid payment instruments (PPIs)

What this means for taxpayers

While Form 97 replaces Form 60, it is now meant for fewer cases. For most major banking, investment and high-value purchase transactions, PAN has become the primary requirement. Buyers planning jewellery, securities or financial investments may need to ensure PAN details are ready before proceeding.


Realty sector gets $1.6 bn institutional inflows in Jan-Mar; down 52% from previous quarter

0
Realty sector gets .6 bn institutional inflows in Jan-Mar; down 52% from previous quarter


Realty sector gets $1.6 bn institutional inflows in Jan-Mar; down 52% from previous quarter

Institutional investments in India’s real estate sector stood at $1.6 billion during January-March 2026, rising 26 per cent year-on-year but falling sharply 52 per cent from the previous quarter amid the Middle East conflict.Investments had totalled $1.27 billion in January-March 2025 and $3.35 billion in the October-December quarter of last year, according to Cushman & Wakefield and reported by PTI.The consultant said domestic investors infused $1.21 billion in the first quarter of 2026, compared with $0.75 billion a year earlier and $2.71 billion in the preceding quarter.Foreign investments stood at $0.39 billion during January-March 2026, lower than $0.52 billion in the same period last year and $0.61 billion in October-December.“Domestic investors have now accounted for a larger share of institutional investments in four of the last five quarters, underscoring a sustained rebalancing of capital flows.“At a time when foreign capital remains sensitive to global macroeconomic and geopolitical developments, the increasing depth and consistency of domestic capital is helping provide stability and continuity to investment activity,” Cushman & Wakefield said.Somy Thomas, Executive Managing Director – Capital Markets, Cushman & Wakefield, said domestic capital had been particularly active in the office segment and the momentum could strengthen further.“At the same time, the consistent performance of REITs has reinforced investor confidence in income-generating real estate, while relatively muted returns in equity markets have prompted a rebalancing of capital towards more stable, yield-driven assets,” Thomas said.Among cities, Delhi-NCR attracted 28 per cent of total quarterly investments in Q1 2026, followed by Chennai with 17 per cent and Bengaluru with 14 per cent.Commenting on the trend, Sanjeevini Group founder and Chairman Umesh Gowda H A said Bengaluru’s share reflected the city’s strong fundamentals and appeal for long-term investors.“The continued inflow of domestic capital is helping sustain project pipelines, support new developments, and maintain pricing discipline even amid global uncertainties,” Gowda said.


Second phase of trust vote in West Bengal: Who will win the Matua vote? | india news

0
Second phase of trust vote in West Bengal: Who will win the Matua vote? | india news



New Delhi: As West Bengal goes to vote for Phase 2 on Wednesday, the Matua community could emerge as kingmakers in this high-stakes election.In Phase 2, the Motua-dominated belt of North 24 Parganas and Nadia could be the deciding factor in the big battle of TMC versus BJP. However, ahead of voting, a large section of voters are unsure whether they will be able to vote.The uncertainty has arisen from the Special Intensive Revision (SIR) of electoral rolls, which has led to significant deletions in Matua-heavy constituencies. In North 24 Parganas alone, around 3.25 lakh names have been removed from the voter list. Data from the main Matua pocket, Bongaon subdivision, shows that the deletion rate among those placed under the decision ranges between 67 per cent and 88 per cent.

Watch

Who are Matua-Namasudras? Citizenship, SIR and their role in West Bengal elections

In Gaighata, 16,222 out of 22,278 marked voters were deleted, while in Baghdadh more than 15,000 deletions were recorded. Similar patterns have been reported in Bongaon North and South.In Nadia constituencies like Krishnanagar North, Krishnanagar South and Ranaghat areas, more than 90 per cent of the people who came under scrutiny did not make it to the final list. Administrative estimates show that a large proportion of the affected people are from the Matua Namasudra community.The scale of the extinction comes at a time when the community is in the midst of a long-delayed citizenship process.

worrying overlap

Of the nearly 1.12 lakh applications filed across West Bengal after the Citizenship Amendment Act (CAA) rules were notified in March 2024, only 15,000 have been approved so far. Of these, more than 50,000 applications are from North 24 Parganas and Nadia, the same districts now witnessing large-scale voter boycott.This overlap has raised concerns at the ground level. In many localities, residents who have been living and voting in these areas for decades say their names have been marked as “pending” or removed altogether.

sir data

“We were promised citizenship but never got it. Now we are helpless,” Sukhomoy Halder, a resident of Gaighata, told TOI.Ramesh Gayen of Baghdad, who applied for citizenship months ago, said delays in the process mean he won’t be able to vote in this election. Yogesh Biswas from the same area said he had earlier refrained from applying in the hope of clarity, but now he too was at risk of being excluded.

politics on purification

The political reaction has been sharp and contradictory. The Trinamool Congress (TMC) has alleged that the SIR exercise is designed to disenfranchise Matua voters, while local BJP leaders and workers in some constituencies have also criticized the scale of deletion.In Baghdad and Gaighata, protests and defection have been reported, with some party workers openly protesting the selection of candidates and linking their anger to being excluded from the voter list. However, at the national level, the Prime Minister Narendra Modi Tried to reassure the community. Addressing rallies in Bengal, he said the Matua and Namasudra families would get citizenship and “all the benefits that an Indian citizen is entitled to” under the Citizenship Amendment Act (CAA). PM Modi also offered prayers at the Matua Thakur temple in North 24 Parganas and reiterated his government’s resolve to rapidly provide Indian citizenship to its members at a public meeting.While the PM in his rally on Sunday asked Matua and other Hindu refugees from Bangladesh not to pay heed to TMC’s claims, Home Minister Amit Shah and other BJP campaigners have been emphatic in underlining the party’s commitment to their welfare.The assurance comes as the Bharatiya Janata Party (BJP) is attempting to retain support in the region that significantly contributed to its rise from 2 Lok Sabha seats in 2014 to 18 in 2019. Yet, at the ground level, the immediate concern is not long-term policy but current entitlements. In North 24 Parganas, where the Matuas constitute almost 30 per cent of the population and affect 33 assembly seats, many voters are grappling with the question of whether their names will be restored on time or whether applying for citizenship will affect their status and whether they will be able to participate in the April 29 voting process.

Can the group swing Bengal?

The risk of this uncertainty is very high due to the electoral weight of the community. The population of Matua Namasudra is estimated to be about 17 to 18 percent of the population of West Bengal, with a higher concentration in the border districts. Their presence extends to North and South 24 Parganas, Nadia, Howrah, Cooch Behar and parts of North Bengal.Election analysts estimate that Matua voters influence the results on 60 to 65 assembly seats. In the second phase alone, they are a significant factor in 21 constituencies. In hotly contested elections, this scale of influence gives the community an advantage that political parties cannot ignore.This is clear from recent election trends. In 2019, the BJP made big gains in Bengal, winning 18 Lok Sabha seats, driven by support in Matua dominated areas like Bongaon and Ranaghat. In the 2021 assembly elections, it won 9 out of the 21 seats where Matua voters are the deciding factor. Even in 2024, when its numbers declined, it still retained the lead in many of these segments. The TMC, which had earlier built strong support through welfare measures and refugee resettlement, has been seeing the community at the center of its election strategy. The result is fierce competition for a vote bank that is both large and increasingly vocal.

From caste margin to political center

The political importance of the Matua Namasudra community lies in its history. The Namasudras were once among the most marginalized caste groups in East Bengal, occupying the lowest rung of the social hierarchy. Their claim began in the nineteenth century under the leadership of Harichand Thakur, who founded the Matua movement as a rejection of caste discrimination and a call for respect and equality.His son Guruchand Thakur expanded the movement by promoting education and political awareness. Matua identity became a religious and social force, offering an alternative to both caste oppression and religious conversion pressures.Partition disrupted this trajectory. Over several decades, especially during the riots of the 1950s and the war of 1971, large numbers of Namasudras migrated to East Pakistan and later Bangladesh. They arrived in West Bengal as refugees, often settling in colonies with limited infrastructure and economic opportunities.Thakurnagar in North 24 Parganas emerged as the center of the Matua movement in India, which weaves together faith, memory and identity. Over time, this shared experience of displacement transformed into political consciousness.

an unfulfilled promise

For decades, the question of citizenship remained unresolved for many in the community. The CAA was seen as a turning point, providing a path to formal recognition for non-Muslim refugees from neighboring countries.This was not just a legal provision for the Matuas. It was linked to their history of displacement and their search for belonging. The promise of citizenship holds both practical and symbolic significance.In districts like North 24 Parganas and Nadia, where over 50,000 applications have been submitted, many applicants are still waiting just as 15,000 out of 1.12 lakh have been approved across Bengal.This gap between promise and promise has created disappointment. The SIR exercise has heightened that frustration by bringing questions of documentation and eligibility into sharp focus.

sir purification

Special Intensive Review (SIR) has turned into a flashpoint in Matua dominated areas. Although officially an administrative process, its impact has been deeply political and social.In many constituencies, entire groups of voters have been marked as “under trial” and subsequently removed. Residents say the process has been difficult to navigate, with limited clarity on documentation requirements and timelines.“My parents and grandmother have been voting since 2002. I was born and educated here, yet our name has been removed,” a resident of the area told TOI.For many, the concerns go beyond voting. Electoral identity is linked to access to welfare schemes and state recognition. Losing a place in the voter list creates the fear of losing other rights as well.Another resident said, “I get old age pension and fear I may lose it if I am no longer an enrolled voter.”These fears reflect deep insecurities. For a community shaped by migration and delayed recognition, verification processes are not considered routine. They are experienced as a test of belonging.

an internal partition

The response to SIR has exposed divisions not only between parties but also within them. TMC has accused BJP of using this exercise to weaken its key voter base. While defending this process at the central level, the BJP has faced criticism from a section of its own local leadership.There have been reports of protests and defection in constituencies like Bagdah and Gaighata. Some leaders have contested the elections as independents, citing dissatisfaction over both candidate selection and voter deletion.The Thakur family, which holds symbolic power within the Matua community, is itself divided on political lines. Different members are associated with different parties, reflecting widespread fragmentation within the community.This division has an impact on voting patterns. The Matua vote, once considered capable of uniting behind a single political force, now appears more fluid.

beyond arithmetic

Despite these divisions, the Matua Namasudra community remains one of the most politically aware groups in the state. Its voting behavior is shaped not just by immediate benefits but by a strong sense of history and identity.This identity includes memories of caste discrimination, the reformist movement led by Harichand and Guruchand Thakur, and the experience of displacement after Partition. It also involves attempting to rebuild life in a new state while seeking recognition and respect.These factors influence how the community responds to political messages. Citizenship promises are effective because they address a long-standing issue. Also, administrative actions such as SIRs are closely scrutinized because they affect immediate rights.

A question behind the vote

As West Bengal goes through its election cycle, the Matua belt is coming to the fore not only for its electoral significance but also for the questions it raises.The competition in these constituencies is not only between political parties. It is also between promise and process. Between long-term assurance and immediate experience.For many voters, the choice is no longer just which party to support. It’s about whether they will be able to participate in the first place.The Matua Namasudra community has come a long way from caste marginalization in East Bengal to becoming a decisive force in the politics of West Bengal. Its journey reflects resilience and adaptation.This election reflects that journey at a moment of tension. A moment where citizenship remains incomplete and electoral participation itself has come under question.As April 29 approaches, the mood in the Matua bastion is defined less by campaign rhetoric and more by a simple, unresolved worry about whether they will be counted.Read this also In search of Indian ‘Porichoy’: Will Matua-Namasudra rewrite ‘Poriborton’ in Bengal elections?


United Arab Emirates to quit oil cartel Opec

0
United Arab Emirates to quit oil cartel Opec



The UAE’s decision, after nearly 60 years of membership, is seen as a potential death knell for the oil cartel.


Demand shock warning: How has US-Iran war impacted Indian economy so far? Why RBI is both cautious and confident

0
Demand shock warning: How has US-Iran war impacted Indian economy so far? Why RBI is both cautious and confident


Demand shock warning: How has US-Iran war impacted Indian economy so far? Why RBI is both cautious and confident
According to the RBI, cost pressures and uncertainty have taken a toll on new orders and output. (AI image)

When it comes to the Indian economy, domestic resilience is often cited as its biggest strength. But how long can the Indian economy continue to hold well as external pressures in the form of supply disruptions and rising import prices pile pressure? In its latest bulletin the Reserve Bank of India (RBI) has pointed to emerging pressure points, while at the same time exuding confidence in India’s ability to withstand shocks.For RBI the situation is clear: The resilience of the global economy, already inflicted with trade tensions, is being tested by the conflict in West Asia. The near halt in tanker movements through the Strait of Hormuz has intensified pressures in the global supply chains. The durability and intensity of the conflict pose substantial uncertainty to the global growth prospects amidst broader supply chain disruptions and elevated energy prices.The standstill tanker traffic in the Strait of Hormuz caused a significant disruption in the global supply chains in March. The World Bank Commodity Price Index rose sharply, driven by higher energy and fertiliser prices, says RBI.In this scenario, India is not immune to global shockwaves – but it’s managing to hold on for now. “The Indian economy continues to hold its ground despite facing a major supply shock due to the conflict in West Asia,” says RBI.

Global Supply Chain Pressure Index

Rupee, markets & external sectorThe key external sector vulnerability indicators, viz., external debt-to-GDP ratio, net international investment position (IIP) to GDP ratio, and debt service ratio, remained contained at end-December 2025, says RBI. Also, India’s foreign exchange reserves remain comfortable, providing cover for goods imports of around 11 months and around 92 per cent of the external debt outstanding as at end-December 2025.

External Vulnerability Indicators Contained

As the war has led to a decline in many global stock markets, Indian equities have also come under pressure. “Indian equity markets declined in March amidst persistent uncertainty and selling pressures by foreign portfolio investors before recovering moderately in April on the announcement of temporary ceasefire and moderation in crude oil prices. Net FPI outflows surged in March and the net selling continued into April,” notes RBI.The rupee, already dealing with depreciation due to FII outflows, has been dealt with another blow in the form of the war.

Forex reserves comfortable

“Amidst financial market volatility due to the West Asia conflict, the Indian rupee witnessed depreciation against the US dollar in March. The depreciation pressures were, however, arrested in April following the measures taken by the Reserve Bank and the announcement of a ceasefire between the US and Iran. In real effective terms, the Indian rupee depreciated in March due to depreciation of INR in nominal effective terms and relatively lower inflation in India vis-à-vis its major trading partners,” the central bank says.What indicators suggest about India’s situationWhat does the latest data suggest about how India’s various sectors are bearing the impact of higher crude prices and input costs, raw material supply disruptions?According to the RBI, available high-frequency indicators of economic activity displayed divergent trends in March: the demand conditions remained resilient, despite some pockets of slowdown in economic momentum.

Foreign portfolio investors turned net sellers in March

However, RBI’s forward looking surveys point towards softening consumer confidence on the current situation and moderation in business optimism along with buildup of cost pressures. These need to be watched out, and the duration of the Middle East conflict will be an important deciding factor in how deeply the disruptions may impact economic growth.The situation is summed up in a few points:

  • Global commodity prices, barring precious metals, surged sharply with the upturn becoming broad-based.
  • Consumer sentiments have plummeted due to concerns over higher prices eroding purchasing power and weaker asset valuations.
  • Business optimism has fallen to a five-month low in March, one of its weakest levels since the pandemic in 2020.
  • The International Monetary Fund (IMF) has projected a moderation in global growth in 2026 alongside an increase in inflation.
  • The growth slowdown and inflationary pressures are expected to be more pronounced in emerging markets and developing economies.

Petroleum prices stable

Slowdown looming? Some pockets show signs of pressureWhile the RBI has pointed out that domestic economic resilience continues to shield the economy from any major shocks, external-linked sectors are showing signs of pressure. Some areas in which the early signs of deceleration are showing are:

  • Select indicators like port cargo, air passenger traffic and the outlook of purchasing managers is down. The manufacturing PMI, while still in an expansionary zone, has dropped to its lowest level in nearly four years.
  • According to the RBI, cost pressures and uncertainty have taken a toll on new orders and output, which have actually grown at the slowest rates since those seen in mid-2022.
  • The services PMI, even though it exhibits resilience, has seen its pace of expansion slowing to a 14-month low. This reflects softening in new business.
  • The index of eight core industries has also declined. It has marked its 19-month low, largely due to a drop in the production of fertilisers, crude oil, coal, and electricity.

However, the RBI also points out that domestic high-frequency indicators for March, in general, do not reflect much adverse impact of the global supply chain bottlenecks.

Global Composite PMI Moderated in March

“Some of the key risks have been contained by the government, ensuring uninterrupted availability of petroleum products across the country. Overall demand conditions remained resilient with greater support from rural areas,” it notes.India’s resilience put to testEven as external pressures continue to mount, the IMF has actually upgraded India’s GDP growth forecast for the current financial year. But inflation projections have also been revised up. The biggest takeaway from the RBI bulletin is that India’s domestic supply chains may come under risk from a prolonged war scenario, though strong macroeconomic fundamentals provide a buffer.“The global macroeconomic milieu has undergone a significant shift with supply chain disruptions and rising energy costs due to the West Asia conflict. Heightened volatility in commodity prices and financial markets has added to the uncertainty,” the RBI says.

Commodity Prices Elevated in March

“Further intensification of the conflict, its prolongation and widening geographical spread remain the key downside risks to the global outlook. The intensity and the duration of the conflict and the resultant damage to the energy and other infrastructure add risk to the inflation and growth outlook,” the central bank says.These very risks also have implications for the Indian economy. As the central bank explains: If the conflict persists and supply chains are not restored early, it may create challenges to the domestic economy in the form of higher energy costs, input cost pressures, disruption in trade flows and financial market spillovers. It is this very caution that led to the RBI keeping the repo rate unchanged in its April monetary policy.“Though inflation remains contained within the tolerance band, upside risks have increased, driven by supply-side disruptions, including weather-related uncertainties. Possible second round effects with the supply shock transforming itself into demand shock also warrant careful and continuous assessment,” RBI cautions.“The temporary two-week ceasefire between the US and Iran has, however, provided some breather to the global economy. The strong macroeconomic fundamentals should support the Indian economy to maintain its resilience to withstand such shocks,” it concludes.


FIFA cut World Cup ref following arrest for alleged sexual assault in UK | World Cup 2026 News

0
FIFA cut World Cup ref following arrest for alleged sexual assault in UK | World Cup 2026 News


FIFA ‘aware of serious allegation’ following UK arrest of match official who will now not be listed for World Cup.

A football match official who was a potential pick to work at the men’s World Cup in North America was arrested for an alleged sexual assault at a hotel while in Britain for a game.

World Cup organiser FIFA said on Tuesday that it was “aware of the serious allegation”, after details of an alleged assault of a teenage boy were first reported by British daily The Sun.

Recommended Stories

list of 4 itemsend of list

“In the meantime, the match official will not be considered for any FIFA competition matches,” the football governing body said in a statement.

FIFA published a list this month of 52 referees, 88 assistant referees and 30 video match officials selected for the 104-game World Cup being co-hosted by the United States, Canada and Mexico from June 11 to July 19.

The match official was not identified in reports, nor was the European competition game he was working at for UEFA.

“We are monitoring the situation with great concern and will continue to follow developments closely,” UEFA said.

UEFA added that it also will not be selecting the official for its games, and the alleged incident was part of “an active investigation”.

The Sun reported that the Metropolitan Police in London released a man in his 30s on bail.


US stock markets today (April 28, 2026): Dow holds firm, Nasdaq weakens as AI doubts and oil spike shake tech

0
US stock markets today (April 28, 2026): Dow holds firm, Nasdaq weakens as AI doubts and oil spike shake tech


US stock markets today (April 28, 2026): Dow holds firm, Nasdaq weakens as AI doubts and oil spike shake tech

US markets opened on a mixed note Tuesday, with the Dow Jones holding modest gains while the Nasdaq retreated as pressure on technology shares offset strength in defensive names and select consumer stocks.By 9:59 am ET, the Dow Jones Industrial Average was up 57.59 points, or 0.12 per cent, at 49,225.38. The S&P 500 slipped 33.41 points, or 0.47 per cent, to 7,140.50, while the Nasdaq Composite lost 196.43 points, or 0.79 per cent, Reuters reported.The sharpest drag came from technology counters after a Wall Street Journal report said OpenAI had fallen short of internal targets for weekly users and revenue. The update triggered fresh questions over whether the AI-led market rally can sustain itself amid massive spending on chips, cloud infrastructure and data centres.Because AI-linked companies have driven much of Wall Street’s recent gains, any sign of slowing momentum quickly weighed on sentiment.Oracle dropped 2.9 per cent as investors reassessed growth expectations tied to cloud demand and AI partnerships.Semiconductor shares also came under pressure. Nvidia fell 2.4 per cent, AMD declined 3.5 per cent and Arm Holdings slid 6.3 per cent. CoreWeave, backed by Nvidia, lost 2 per cent.The information technology segment of the S&P 500 fell 1.3 per cent, making it the worst-performing major sector in early trade.Apart from AI concerns, investors remained cautious over the US-Iran war and continued disruption in the Strait of Hormuz, a key artery for global crude shipments.Oil prices remained elevated, with Brent crude moving above $110 a barrel for the first time in three weeks. Prices are now around 53 per cent higher than levels seen before the conflict intensified.A US official said President Donald Trump was dissatisfied with Iran’s latest proposal to resolve the conflict, reducing hopes of a near-term diplomatic breakthrough.Higher oil prices are fuelling worries that inflationary pressures could return and squeeze corporate margins.Adding another layer of uncertainty, the United Arab Emirates announced it would leave OPEC and OPEC+, a move that could alter future supply dynamics in the global crude market.Corporate results also shaped early moves on Wall Street. United Parcel Service fell 5.7 per cent after reporting a steep drop in quarterly adjusted profit.General Motors lost 3 per cent even after raising its full-year earnings outlook, supported by resilient demand in the US auto market and expected tariff refunds.Coca-Cola rose 5.5 per cent after lifting its annual adjusted profit forecast, helped by pricing power and stable demand.Declining shares outpaced gainers by 1.49-to-1 on the NYSE and 1.48-to-1 on the Nasdaq, reflecting broad weakness beneath the headline indices. The S&P 500 registered three fresh 52-week highs and six lows, while the Nasdaq Composite recorded 58 new highs and 47 new lows.