Bank Holidays February 2025: The Reserve Bank of India has announced bank holidays for February 2025 with state-specific holidays for festivals and significant dates. Key holidays include Saraswati Puja, Thai Poosam, Guru Ravi Das's Birthday, Lui Ngai Ni, Shiv Jayanti, and Statehood Day and Mahashivratri.
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Only Gujarat, Odisha, West Bengal, and Maharashtra have reduced their debt-to-GSDP ratios, while Punjab and Tamil Nadu have seen significant increases. Economists propose enhanced fiscal oversight and debt relief for heavily indebted states in exchange for more central oversight. Recommendations include better revenue mobilization, tax base broadening, and capacity-enhancing investments.
A speeding SUV, driven by one of film actor Harshavardhan's friends, caused a fatal hit-and-run near Basavatarakam Indo American Cancer Hospital in Hyderabad, killing one homeless man and injuring two others. The vehicle's occupants fled on foot after the crash. The incident follows a similar accident involving a Porsche three months prior.
The Anti-Corruption Bureau (ACB) filed a case against former minister KT Rama Rao, ex-principal secretary Aravind Kumar, and HMDA chief engineer BLN Reddy for alleged financial irregularities. They are accused of diverting Rs. 55 crores to a London-based company during the Formula E racing event in Hyderabad.
Actor Saif Ali Khan was attacked by an intruder who broke into his Bandra penthouse. The incident, which took place around 2.30 am, left Khan with multiple injuries. He was quickly taken to Lilavati Hospital for surgery and is now out of danger. The suspect, demanding money, later fled the scene via the fire escape stairwell.
Royal Challengers Bengaluru secured a sweet victory against Punjab Kings, winning by seven wickets after Virat Kohli's unbeaten 73 and Devdutt Padikkal's 61. This win came shortly after a loss to the same team. RCB's social media team playfully referenced a decade-old tweet from Salman Khan, highlighting the team's current success.
Former PM Manmohan Singh will be cremated with full state honours at Nigambodh Ghat. Congress requested a more befitting memorial site. Union government revealed plans to allocate space for a memorial later, causing Congress to claim disrespect. State funeral arrangements and a half-day central government holiday have been declared.
Chet Holmgren will miss the Emirates NBA Cup final due to a hip injury. Despite his absence, the Oklahoma City Thunder boasts a 20-5 record, making them the top team in the Western Conference. Holmgren's impressive pre-injury performance and positive attitude during recovery are highlighted. His return is anticipated in January 2025.
The US has imposed additional duties on steel and aluminium imports from all countries, including India, with no exemptions. The Indian government is evaluating the impact and continues efforts to double bilateral trade to $500 billion by 2030 amidst rising trade tensions.
During a Rajya Sabha session, leader of opposition Mallikarjun Kharge lost his temper when BJP MP Neeraj Shekhar interrupted his speech on central government policies. Kharge's remark about Shekhar's father led to backlash from Chandra Shekhar’s supporters who burned effigies of Kharge. In response, Kharge highlighted his history with Chandra Shekhar, expressing respect for him.
The Congress party criticized the government's timing for the meeting to elect the next Chief Election Commissioner, suggesting it should have waited for the Supreme Court's impending decision on the selection panel's formation. Congress alleged the government aims to control the Election Commission by excluding the Chief Justice from the appointment process.