The Reserve Bank of India (RBI) has got in touch with banks this week to understand the impact of its new liquidity coverage norms following concerns that the move would adversely impact the flow of credit in the economy.

Banks have provided some feedback, asked for deferment of the norms and alternative mechanisms to cope with the likely hit from these norms, report.

The move has been initiated at a time when Sanjay Malhotra has just taken over as the new Governor of the RBI succeeding Shaktikanta Das

AAP Rajya Sabha MP Raghav Chadha today lead a roadshow in the Adarsh Nagar Assembly constituency in support of Aam Aadmi Party candidate Mukesh Kumar Goyal. The road show also witnessed participation of youth, mothers, and sisters demonstrating their love and support for the party.

The Reserve Bank of India (RBI) on Thursday announced the issuing of revised Federal Emergency Management Agency (FEMA) regulations to permit more liberal use of INR accounts held by NRIs to make payments, in order to promote cross border transactions in the Indian rupee and national currencies of trading partner countries.

According to new regulations, overseas branches of Authorised Dealer banks will be able to open INR accounts for a person resident outside India for settlement of all permissible current account and capital account transactions with a person resident in India.

“Persons resident outside India will also be able to settle bona fide transactions with other persons resident outside India using the balances in their repatriable INR accounts such as Special Non-resident Rupee account and SRVA,” according to the statement.

The new rules further allow persons resident outside India to be able to use their balances held in repatriable INR accounts for foreign investment, including FDI, in non-debt instruments.

India's domestic benchmark indices ended higher on Thursday as Adani Ports was among the top gainers.

Sensex ended at 77,042.82 up by 318.74 points, or 0.42 per cent, and Nifty settled at 23,311.80, up by 98.60 points, or 0.42 per cent.

Adani Ports closed at Rs 1,151 per share after gaining by Rs 22.85 or 2.03 per cent.

Nifty Bank ended at 49,278.70 up by 527 points, or 1.08 per cent. The Nifty Midcap 100 index closed at 54,483.80 after climbing 584.80 points, or 1.09 per cent, while the Nifty Smallcap 100 index closed at 17,643.30 after adding 289.35 points, or 1.67 per cent.

According to experts, benchmark indices continued to trade in the positive, albeit off highs, driven by positive investor sentiment following mild US inflation data, which raised hopes for a potential rate cut by the Federal Reserve.

The Indian Air Force will deliver a breathtaking aerial display during this year's Republic Day celebrations at Kartavya Path. A total of 40 aircraft, including 22 fighter jets, 11 transport aircraft and seven helicopters will participate in this year's flypast.

These aircraft will operate from 10 different bases and will fly in 12 different formations. However, this year Tejas and ALH will not participate in the Republic Day flypast.

The first formation during the IAF flypast will be ‘Dhwaj’. Besides this, 'Ajay', 'Satluj', 'Katar', 'Baaz', 'Rakshak', 'Arjan', 'Varuna', 'Netra' and 'Bheem' formations will be formed in the sky during the Republic Day celebration.

The IAF informed that five Jaguar aircrafts will make an arrow formation. 'Vajraang' formation will be made by six Rafale fighter jets. Sukhoi fighter jets will make a 'Trishul' formation.

In the end, Rafale fighter jets will come for the 'Vertical Charlie' formation.

The Indian stock market opened higher on Thursday amid positive global cues, including hope of an end to the conflict in Gaza, as buying was seen in the PSU bank and financial service sectors.

At around 9.22 am, Sensex was trading at 77,157.74 after rising 433.66 points or 0.57 per cent, while Nifty was trading at 23,349.15 after climbing 135.95 points or 0.59 per cent.

On the National Stock Exchange (NSE), 1,175 stocks were trading in green, while 139 stocks were in red.

Nifty Bank was up 526.50 points or 1.08 per cent at 49,278.20. Nifty Midcap 100 index was trading at 54,673.70 after adding 774.70 points or 1.44 per cent. Nifty Smallcap 100 index was at 17,636.85 after climbing 282.90 points or 1.63 per cent.

Delhi-NCR woke up to heavy fog and light rain on Thursday, causing transportation disruptions, with 29 trains delayed and many flights. The India Meteorological Department (IMD) has issued a ‘yellow’ alert, warning of dense fog conditions and light rain throughout the day.

The expected weather conditions may intensify the chill, with temperatures hovering between a minimum of 10 degrees Celsius and a maximum of 17 degrees Celsius. The dense fog is likely to persist on Friday morning as well, contributing to continued visibility issues.

Residents can expect poor visibility throughout the morning, evening, and night. The IMD has also predicted light rain showers on Thursday, which could further exacerbate the ongoing cold wave in Delhi, Noida, Gurugram, and surrounding areas.

In response to the cold weather, Delhi schools will reopen on Thursday. However, due to the severe conditions, the administration has decided to shift classes to a hybrid mode.

India's domestic benchmark indices ended higher on Wednesday as the realty sector closed in green after a gain of 1.39 per cent.

Sensex ended at 76,724.08, up by 224.45 points, or 0.29 per cent, and Nifty settled at 23,213.20, up by 37.15 points, or 0.16 per cent.

Nifty Bank ended at 48,751.70, up by 22.55 points, or 0.05 per cent. The Nifty Midcap 100 index closed at 53,899 after climbing 222.50 points, or 0.41 per cent, while the Nifty Smallcap 100 index closed at 17,353.95 after adding 96.15 points, or 0.56 per cent.

India will be the most resilient economy among the top 10 leading ones in the next three years (2025-2027), becoming the fourth largest economy by 2026, the PHD Chamber of Commerce and Industry (PHDCCI) said on Wednesday.

The country is making significant strides in its futuristic growth trajectory and the GDP in the current financial year (2024-25) is expected to expand at 6.8 per cent and 7.7 per cent in FY2025-26.

India’s growth story continues with GDP surpassing $4 trillion in 2025, supported by robust economic fundamentals and a dynamic business environment.

India’s macros (like fiscal consolidation, strong balance sheets and recovery in consumption) remain robust amid slowing global growth and the country's long-term growth prospects remain steady, projected at 6.5 per cent real GDP growth and 10-11 per cent nominal GDP growth, according to a report on Wednesday.

The strength of banks (NPAs below 1 per cent) and corporate balance sheets is notable. India Inc.’s profits are growing strong, but they are also generating large amounts of free cashflows in sharp contrast to 2003-2008, where free cashflows were in deficit, according to the monthly insight report from global financial services company Mirae Asset.

Household debt levels are also reasonable compared to global standards. India's aggregate debt to GDP is lower than in 2010, while it has risen globally, the findings showed.