On December 10th, 2018, Urjit Patel resigned from his post as the governor of Reserve Bank of India (RBI), citing personal reasons. However, the resignation only served as a reminder of the ugly truth- the ongoing feud between RBI and the central government. Now, Shaktikanta Das has been appointed as the 25th governor of RBI by the government. The announcement came within a day of Patel’s resignation. However, speculations around Das all boil down to [...]Read More
The Reserve Bank of India (RBI) which is responsible for controlling the monetary policy of the Indian Rupee was established on April 1, 1935. Initially, the RBI was started as a private shareholder bank that was later nationalised on January 1, 1949, following the Independence of India. The Governor of the RBI serves as the Chief Executive of India’s Central Bank and also as the ex-officio chairperson of the Central Board of Directors. Since the [...]Read More
Telangana has voted and decisively in favour of K Chandrashekar Rao of Telangana Rashtra Samithi (TRS) for the second term in office. The results haven’t come as a surprise despite the last-minute challenge mounted by the Chandrababu Naidu-led TDP and Congress alliance – the Mahakutami. The final results: Total Seats: 119 Party Seats Number of Votes Vote Share Telangana Rashtra Samithi (TRS) 88 9,700,749 46.9% Indian National Congress (INC) 19 5,883,111 28.4% All India Council [...]Read More
December 16th marks the one-year anniversary of Rahul Gandhi’s presidency of the Indian National Congress (INC). And, what a year it has been! From being called “Pappu” every other day, to becoming what many term as a “serious threat to Modi in 2019”, Gandhi has come a long way. On December 11th, results were declared for Legislative assembly elections of five states, and Congress came out as the obvious show-stealer. It managed to snatch 3 [...]Read More
BJP’s surprising loss in three significant states has sounded the alarm bells for the party. While the Modi magic has been ruling the country since 2014, many believe the invincibility is now starting to wear off. With the 2019 General Elections just a few months away, it looks like Modi’s “good days” (Acche Din, in his words) might be coming to an end. The recent loss is like a trailer of the bigger picture. Dissatisfaction [...]Read More
The results of the 2018 Assembly elections in Madhya Pradesh is out, and the Indian National Congress (INC) has beaten the Shivraj Singh Chouhan Singh-led BJP to emerge with maximum seats – 114 out of a total of 230 seats. The final results: Total Seats: 230 Party Seats Number of Votes Vote Share Indian National Congress (INC) 114 15,595,153 40.9% Bharatiya Janata Party (BJP) 109 15,642,980 41.0% Independent 4 2,218,230 5.8% Bahujan Samaj Party (BSP) [...]Read More
The Indian National Congress has managed what a few months back would have seemed impossible – defeated the Vasundhara Raje-led BJP in Rajasthan. Out of a maximum 199 seats, INC won 99 seats, and the BJP ended with 73 seats. The early stages of counting pointed to a rout, but the BJP put up a stronger show to finally close the day with 73 seats. The Congress is set to form the next government in [...]Read More
Forbes India has released its list of richest Indian celebrities for the year 2018 after which it appears that celebrities apart from name have gained a lot of fame this year. The Forbes India Celebrity list is based on the estimates of entertainment-related earnings of the celebrities. It appears that the year 2018 was a lucrative one with cumulative earnings of Rs. 3,140.25 crores. Compared to last year, the figure was 17 per cent lower [...]Read More
On November 28, 2018, the people of Mizoram voted to elect 40 representatives to the Legislative Assembly from 209 contesting candidates. The results will be declared on December 11. The colourful northeastern state takes its democracy seriously, and over 80% turned out to exercise their franchise. The Lal Thanhawla-led Indian National Congress is in power for two consecutive terms from 2008 and faces a strong challenge from an old rival and former two-time CM Zoramthanga [...]Read More
The young state of Telangana voted to elect 119 legislators to the state Assembly on December 7, 2018. The most anticipated question on everyone’s mind in the state and outside of it – is K Chandrashekar Rao’s Telangana Rashtra Samithi (TRS) going to retain power in the state or is the Congress-TDP-led ‘Mahakutami’ going to cause an upset? The Exit Poll of Polls points to TRS retaining power with a majority. Seven exit polls have [...]Read More
