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India's IPO market is experiencing a surge, with 298 companies raising Rs1.4tn ($16.6bn) this year, a 140% increase from last year. Predictions for 2025 are optimistic, with major players like LG and Flipkart planning offerings, but concerns about global market volatility and investor sentiment remain. Meanwhile, the CFA certification faces declining interest, particularly among Chinese students, as the Indian education system struggles to produce well-rounded finance professionals amidst technological advancements.
Sanjay Malhotra, a 1990-batch IAS officer from the Rajasthan cadre, has been appointed as the new Governor of the Reserve Bank of India, succeeding Shaktikanta Das. With over 33 years of experience in various sectors, he will begin his three-year term on December 11, 2024, after previously serving as Revenue Secretary.
India has appointed Revenue Secretary Sanjay Malhotra as the new governor of the Reserve Bank of India, succeeding Shaktikanta Das. Malhotra takes charge during a critical period as the country grapples with rising inflation and aims to maintain economic growth, with the central bank recently holding interest rates steady at 6.5%. He faces challenges including a governmental push to relax guidelines affecting state-controlled banks amid concerns over economic performance.
Revenue Secretary Sanjay Malhotra has been appointed as the new RBI Governor for a three-year term, effective December 11, succeeding Shaktikanta Das. A 1990-batch IAS officer from the Rajasthan cadre and an IIT-Kanpur alumnus, Malhotra has played a key role in enhancing tax collections and will oversee tax-related proposals for the upcoming budget.
India has appointed Sanjay Malhotra, a seasoned bureaucrat and current revenue secretary at the Ministry of Finance, as the new governor of the Reserve Bank of India. He will assume his role for a three-year term starting December 11, concluding weeks of speculation regarding the leadership of the central bank in the rapidly growing economy.
India is set to enhance its customs payment system by allowing duties to be paid via UPI, debit, and credit cards, as announced by Revenue Secretary Sanjay Malhotra. This initiative aims to digitize and streamline customs processes, including faster refunds and incentives under various export schemes. Currently, payments can be made through net banking and over-the-counter methods, but the new system will make transactions more convenient for traders.
Sanjay Malhotra
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