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Vettri Payanam: What is the economic mileage of a free ride?
Vettri Payanam, which alone is expected to cost an additional ₹1,600 crore a year and a total of ₹6,000 crore for free travel, has brought to focus social return on investment (SROI) versus fiscal cost. Actor-turned-Chief Minister C. Joseph Vijay seems to have mastered the art of welfare politics by accommodating the gratis within an…
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RBI raises FY27 inflation projection to 5.2% amid higher crude oil prices
Reserve Bank of India (RBI) Governor Sanjay Malhotra. | Photo Credit: Reuters The Reserve Bank of India (RBI) on Wednesday (October 7, 2026) marginally raised inflation projection to 5.2% for FY27 from earlier forecast of 5%, Governor Sanjay Malhotra said. RBI Governor Sanjay Malhotra, while speaking at the Monetary Policy Committee (MPC) meeting, said, “Considering all…
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RBI hikes repo rate by 25 basis points to 5.5%
Reserve Bank of India (RBI) Governor Sanjay Malhotra. File | Photo Credit: Reuters The Reserve Bank of India’s Monetary Policy Committee (MPC) on Wednesday (October 7, 2026) announced that its members unanimously decided to increase the repo rate by 25 basis points, from 5.25% to 5.50%. RBI MPC meeting LIVE updates The key rate hike…
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World Bank ups India’s GDP growth projection to 7.1% for FY27
“We have upgraded our FY27 growth forecast to 7.1% from 6.6% in April, as growth has held up better than expected despite trade and geopolitical uncertainties,” the World Bank said in its latest India Development Update. File The World Bank on Tuesday (October 6, 2026) raised India’s Gross Domestic Product (GDP) growth forecast for the…
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Hinduja Tech names Faiz Ahmad as CEO
Hinduja Tech Ltd., the mobility-focused engineering and R&D technology company, has appointed Faiz Ahmad as its Chief Executive Officer with effect from November 1, 2026. Mr. Ahmad will succeed Kumar Prabhas, who will retire as CEO on October 31 after nine years at the helm, the company, a subsidiary of Ashok Leyland, said in a…
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OpenAI to watermark ChatGPT text in EU under AI Act rules
OpenAI will begin adding an invisible watermark to eligible text generated by ChatGPT and Codex in the European Union (EU), as the company moves to comply with transparency requirements under the EU’s AI Act. The company said the rollout would take place over the coming weeks and apply to eligible users across all ChatGPT and…