Monday, May 4, 2026
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Centre Extends Tenure of Two Directors in Prime Minister’s Office

New Delhi, May 2: The Government of India has approved the extension of central deputation tenure of two senior officers serving as Directors in the Prime Minister’s Office (PMO), according to an official memorandum issued by the Department of Personnel and Training.
As per the order, the Appointments Committee of the Cabinet has granted a one-year extension to Shri Parthiban P., IAS (AGMUT:2011), extending his tenure beyond June 25, 2026, or until further orders, whichever is earlier.
Similarly, Shri Amrit Agrahari, IRS (IT:2011) has also been given a one-year extension in the PMO beyond July 9, 2026, or until further orders, whichever comes earlier.
The order, issued from Kartavya Bhavan, New Delhi, confirms that both officers will continue to serve in their respective roles to ensure continuity in administrative functioning at the Prime Minister’s Office.
The memorandum was signed by Deputy Secretary Ajit Kumar Ranjan and addressed to senior officials in the PMO for necessary action.

Govt Committed To Bridge Developmental Gaps: Sakeena Itoo

KULGAM, May 2: Minister for Health and Medical Education, Social Welfare and Education, Sakeena Itoo today inaugurated a newly constructed primary school building at Zambalnard in DH Pora area of Kulgam district.
Speaking on the occasion, the Minister emphasized that education remains a top priority for the government and efforts are being intensified to upgrade infrastructure, ensure quality teaching and improve overall learning outcomes in educational institutions across Jammu and Kashmir.
“Access to quality education is the cornerstone of a progressive society. This new school building will not only strengthen the educational framework in the area but also encourage higher enrolment and retention of students,” the Minister said.
The Minister emphasized the government’s commitment towards improving educational facilities and ensuring a conducive learning environment for students, especially in rural and far-flung areas. She highlighted that strengthening primary education remains a top priority for the administration.
The Minister also interacted with locals, teachers and students, and assured that all necessary steps will be taken to further enhance educational standards and infrastructure in the district. She highlighted that this newly inaugurated school building, equipped with modern facilities, will provide a conducive learning environment for young students.
Later, the Minister also laid the foundation stone for the Zumbalnad–Baidjahalan road, reaffirming the government’s commitment to holistic development and improved connectivity in rural areas.
Addressing the gathering, the Minister reiterated the government’s focus on inclusive and equitable development. “We are committed to bridge developmental gaps and ensure that no area remains underserved. Projects like these reflect our resolve to bring governance closer to the people,” she added.
She highlighted that this project is expected to significantly improve connectivity, ease transportation challenges and boost local economic activities. She underlined that improved road infrastructure is essential for ensuring access to essential services like education, healthcare and others.
During the visit, the Minister also held a Public Darbar at Baidjahalan and interacted directly with local residents.
She listened to various public grievances and other issues on various aspects like education, healthcare, and infrastructure, assuring them timely redressal of genuine concerns.
The Minister directed the concerned officers to take prompt action on the issues highlighted by Public, highlighting on the importance of responsive and accountable governance. She reiterated that public outreach programs like these are vital for strengthening trust between the government and citizens.
“The government is firmly committed to citizen-centric governance. Public Darbars provide an important platform for people to voice their concerns and for the administration to respond effectively,” she said.
Director School Education Kashmir, senior officers of district administration Kulgam, other officers and large number of locals were also present on the occasion.

DoP Releases Special Cover Buddha Relics Exposition In Leh

LEH/JAMMU, May 2: The Department of Posts in Jammu and Kashmir Postal Circle on Saturday released a special cover to commemorate the grand exposition of the holy relics of the Tathagata Buddha at Leh in the Union Territory of Ladakh.
Union Home Minister Amit Shah on Friday inaugurated the exposition of the holy relics of Tathagata Buddha and the 2569th Buddha Purnima celebrations in Leh during his two-day visit to Ladakh.
Officials said the special cover was unveiled at a function organised by the Union Territory Administration of Ladakh at Jivetsal in the Choglamsar area.
Arunachal Pradesh Chief Minister Pema Khandu released the cover in the presence of Ladakh Chief Secretary Ashish Kundra. The event was organised under the aegis of the Ministry of Culture, Government of India, in partnership with the All Ladakh Buddhist Association and the All Ladakh Gonpa Association, under the theme “Peace Beyond Borders”.
Officials said the sacred exposition of the Holy Relics is being held for the first time since the authenticated relics of Lord Buddha were excavated from the Piprahwa Stupa in Uttar Pradesh in 1898.
Thousands of devotees, many dressed in traditional Ladakhi attire, lined the streets from Leh airport to catch a glimpse of the relics.
Officials said releasing the special cover would preserve the historic ceremony in the Department of Posts’ philatelic records. Arvind Kher, Superintendent of Post Offices, Ladakh Postal Division, was also present on the occasion.
The revered Piprahwa relics of Tathagata Buddha, ancient sacred remains and associated objects linked to Gautama Buddha discovered at Piprahwa in present-day Uttar Pradesh near the Nepal border, arrived in Leh on Wednesday.
Drukpa Thuksey Rinpoche and Khenpo Thinlas Chosal of Matho Monastery brought the relics from Delhi to Leh in a special Indian Air Force aircraft.
Officials said the relics would be available for public veneration at Jivetsal from May 2 to 10. They will then be exhibited in Zanskar on May 11 and 12, followed by an exposition at the Dharma Centre in Leh from May 13 to 14, before being flown back to Delhi on May 15.
In his address, Shah said Buddha Purnima marks a historic and truly golden occasion for the residents of Ladakh. He said on this auspicious occasion, the arrival of the sacred relics of Lord Buddha after 75 years would inspire followers of Buddhism as well as other faiths.

Inauguration Of Holy Relics Of Buddha In Leh Offers Opportunity To Pay Respects: PM

NEW DELHI, May 2: Prime Minister Narendra Modi on Saturday hailed the inauguration of the ‘Sacred Exposition of the Holy Relics of the Tathagata’ in Leh, and said it offers a valuable opportunity for people from across Ladakh to pay their respects.
Union Home Minister Amit Shah on Friday inaugurated a sacred holy relics exposition of Tathagata Buddha and the 2569th Buddha Purnima celebrations in Leh during his two-day visit to Ladakh.
“It is a matter of immense delight that yesterday, on the occasion of Buddha Purnima, the ‘Sacred Exposition of the Holy Relics of the Tathagata’ was inaugurated in Leh,” PM Modi said in a post on ‘X’.
The prime minister said these revered relics are linked to the Piprahwa Stupa in Kapilavastu and were excavated in the closing years of the nineteenth century. They embody the enduring teachings of Lord Buddha, he said.
PM Modi said this exposition will continue until May 14 and in the coming days, it will also travel to Zanskar.
“It offers a valuable opportunity for people from across Ladakh to pay their respects. It will also boost spiritual and cultural tourism in Ladakh,” he said. The revered Piprahwa relics of Tathagata Buddha — ancient sacred remains and associated objects linked to the lord discovered at Piprahwa, near the Nepal border in the present-day Uttar Pradesh — arrived in Leh on Wednesday.

Bangladesh PM paves way for flood  protection infra in Sylhet

DHAKA, May 2:  Prime Minister Tarique Rahman on Saturday initiated a riverfront development project along the Surma River in Bangladesh’s Sylhet district, according to a media report.
The project focuses on constructing flood protection infrastructure and improving the river banks through beautification measures, state-owned news agency Bangladesh Sangbad Sangsthan (BSS) reported.
The project is part of wider efforts by the government to strengthen urban infrastructure in riverine areas, and it aims to mitigate the catastrophic damage caused by floods, especially during the monsoons, in the Ganga-Brahmaputra delta region.
According to a 2024 UNICEF report, flash floods in Sylhet division affected more than 2 million people. Over 51,000 people were forced to live in shelters.
The Surma is a major river in northeastern Bangladesh that flows through Sylhet and plays a central role in drainage, transportation and local livelihoods. It is part of the broader Barak river system, which is crucial to the region’s ecology.
On his first prime ministerial visit to the city, Rahman was joined by his wife and several cabinet ministers.
He also inaugurated re-excavation works of the Basia River in Sylhet, where a canal dug nearly five decades ago was blocked over time, according to BSS.
The Basia River in Kashipur Union is about seven kilometres from Sylhet city and is connected to the Surma River.
Officials said that through re-excavation, irrigation facilities for agriculture in the region will be improved, and local people will be protected from floods and waterlogging. (PTI)

Fed seen holding rates through 2026 as inflation risks persist: Report

NEW DELHI, May 2: The US Federal Reserve is expected to hold interest rates steady through 2026, as persistent inflationary pressures and internal divisions among policymakers reduce the likelihood of any near-term rate cuts.
At its latest meeting, the Federal Open Market Committee (FOMC) kept the benchmark rate unchanged at 3.5-3.75pc for the third consecutive time.
The decision, however, was not unanimous, reflecting a split within the central bank. While some members favoured maintaining or even tightening the stance, others continued to support the possibility of rate cuts, underscoring uncertainty over the future policy path.
A key shift in the Fed’s outlook has been its stronger assessment of inflation. Policymakers now describe inflation as “elevated,” signalling growing concern that price pressures-particularly from energy-may remain sticky.
Recent data show a sharp rise in headline inflation, largely driven by surging fuel costs, even as core inflation excluding food and energy remains relatively contained.
Economic growth in the US continues, but at a slower and uneven pace. After a strong expansion in mid-2025, growth moderated significantly toward the end of the year.
Consumer spending and private investment remain supportive, while government spending and exports have weakened.
Manufacturing activity has shown resilience in recent months, and consumer confidence has inched up despite global uncertainties.
The labour market presents a mixed picture. While overall employment levels have improved and unemployment has edged lower, hiring trends vary across sectors.
Gains in areas like education and health services have been offset by job losses in trade, transport, and manufacturing, pointing to underlying softness.
Financial markets have responded to the Fed’s cautious stance with a firming dollar and rising US Treasury yields.
Expectations in the market suggest that rate cuts are unlikely this year, with even a small possibility of a rate hike toward the end of 2026.
Global factors, especially elevated oil prices amid geopolitical tensions, continue to weigh on the inflation outlook.
Higher energy costs are expected to keep pressure on both inflation and interest rates, complicating the Fed’s path toward easing.
The impact is not limited to the US. Persistently high oil prices could also push up inflation in countries like India, where policymakers may face pressure to tighten monetary policy if fuel costs remain elevated.
Overall, despite some signs of cooling in growth and labour markets, the Fed appears in no hurry to cut rates. With inflation risks still prominent and global uncertainties lingering, the central bank is likely to remain cautious, keeping borrowing costs higher for longer. (UNI)

TVS Motor Co total sales up  7 pc at 4,73,970 units in April

NEW DELHI, May 2:  TVS Motor Company on Saturday reported a 7 per cent growth in total sales at 4,73,970 units in April 2026 as against 4,43,716 units in the same month last year.
Total two-wheeler sales grew 6 per cent at 4,55,333 units last month as against 4,30,150 units in April 2025, TVS Motor Company said in a statement.
Domestic two-wheeler sales were at 3,48,545 units in April 2026 as against 3,23,647 units a year ago, up 8 per cent.
The company said its motorcycle sales last month were down at 2,00,039 units as against 2,20,347 units in April 2025, while scooters registered a growth of 24 per cent at 2,11,158 units as compared to 1,69,741 units.
Electric vehicles saw 36 per cent increase at 37,771 units last month as compared to 27,684 units a year ago.
Three-wheeler sales were up 37 per cent at 18,637 units in the month under review as against 13,566 units in the year-ago period.
TVS Motor Co said its total international business sales clocked a 3 per cent rise at 1,20,008 units in April 2026 as against 1,16,700 units in the same month last year. (PTI)

Kotak Mahindra Bank Q4 profit up 10 pc at Rs 5,423 cr

MUMBAI, May 2:  Kotak Mahindra Bank on Saturday reported 10 per cent rise in consolidated net profit at Rs 5,423 for the fourth quarter of financial year 2025-26.
In the year-ago period, the profit stood at Rs 4,933 crore.
On a standalone basis, it reported a 13 per cent year-on-year rise in net profit at Rs 4,027 crore.
Core net interest income of the bank increased 8 per cent to Rs 7,876 crore from Rs 7,284 crore a year ago.
Net interest margin improved to 4.67 per cent from 4.54 per cent in December quarter. However, it fell on a yearly basis, from 4.97 per cent in Q4FY25.
Net advances increased 16 per cent year-on-year to Rs 4.96 lakh crore as on March 31, 2026.
Customer Assets which comprise advances (including IBPC & BRDS) and credit substitutes grew to Rs 5.46 lakh crore as at March-end 2026 from Rs  4.78 lakh crore a year ago.
Total period-end deposits grew 15 per cent year-on-year to Rs 5.73 lakh crore in Q4FY26. Average total deposit too rose 15 per cent to Rs 5.38 lakh crore.
Average current deposit was higher by 18 per cent at Rs 77,058 crore during the quarter.  (PTI)

Lyricist Prasoon Joshi Appointed Chairman Of Prasar Bharati

NEW DELHI, May 2: Lyricist Prasoon Joshi has been appointed chairman of Prasar Bharati, India’s public service broadcaster.
Union Minister Ashwini Vaishnaw congratulated Joshi on his appointment, calling him is a “rare creative spirit.” “My heartfelt congratulations to Shri Prasoon Joshi ji on his appointment as Chairman of the Prasar Bharati Board. Prasoon ji is a rare creative spirit celebrated across the world in advertising, literature, art and cinema, yet his heart beats unmistakably for India,” he said.
“His words carry the fragrance of our soil, and his vision reflects the timeless essence of our culture. Under his stewardship, Prasar Bharati will discover renewed energy, deeper purpose, and a fresh creative voice, he added.”

Tripura’s low credit deposit ratio due to  lack of industrialisation: TGB chairman

AGARTALA, May 2:  Tripura Gramin Bank Chairman Satyendra Singh on Saturday said “lack of industrialisation” in the state was the reason behind its “low” credit deposit ratio (CDR).
The northeastern state has shown a declining trend in CDR during the past three years – from 52 per cent in the 2023-24 fiscal, 51 per cent in 2024-25 and 50 per cent in 2025-26, according to a report by the State Level Bankers’ Committee (SLBC).
“In Tripura, we don’t have many industries or processing centres and that is why we are not able to release large loan amounts. This is the reason the state’s CDR is low compared to other states,” Singh said at a press conference here.
“The bank has been trying to improve it by taking various steps, and that resulted in continuous growth in CDR from 36.44 per cent in 2022-23 to 41.63 per cent in 2025-26,” he said.
Singh, however, said the CDR will rise over the next two or three years as the state is heavily investing in infrastructure building.
He said the bank’s deposits stood at Rs 15,422 crore during the 2025-26 fiscal.
The lender, which has 150 branches in the state, posted a consolidated profit of Rs 184.84 crore in 2025-26, Singh added. (PTI)