RBI cautions members of the public against false and misleading campaigns promising loan waivers

RBI cautions members of the public against false and misleading campaigns promising loan waivers


The central bank has observed, with serious concern, the continued occurrence of such unauthorised and misleading campaigns, through various media channels and direct outreach, by certain individuals and entities.
| Photo Credit:
FRANCIS MASCARENHAS

The Reserve Bank of India (RBI) on Monday cautioned members of the public against false and misleading campaigns promising loan waivers.

Such campaigns not only mislead the general public but also interfere with the orderly functioning of the credit system of the country, according to a central bank statement. The RBI last issued a similar caution on December 11, 2023.

Serious concern

The central bank has observed, with serious concern, the continued occurrence of such unauthorised and misleading campaigns, through various media channels and direct outreach, by certain individuals and entities.

These campaigns, among others, involve false promises of waiver of outstanding dues to banks / Non-Banking Financial Companies (NBFCs); issuance of ‘debt waiver certificates’ or similar documents; and collection of fees under various pretexts, including service or legal charges, from uninformed public.

RBI reiterated that any claims by individuals / entities offering such services are false, misleading, and liable to attract appropriate legal action under applicable Statutes.

It also emphasised that such activities undermine the stability of financial institutions, affect the interest of depositors and association / engagement with such individuals / entities can result in direct financial loss.

The RBI asked members of the public to refrain from associating with or availing services from such individuals / entities and instead approach their lending institutions directly for any information related to their loans.

Further, it advised them to promptly report any such misleading campaigns to the appropriate law enforcement agencies.

Published on May 4, 2026



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India’s rice purchase reaches near 50 million tonnes, up 6% from a year ago

India’s rice purchase reaches near 50 million tonnes, up 6% from a year ago


The Centre’s rabi season target (between April and September), includes a maximum of 3.5 mt from Telangana, followed by 1.4 mt from Tamil Nadu, 1.1 mt from Odisha and 1.0 mt from Andhra Pradesh. 
| Photo Credit:
MUSTAFAH KK

The Indian government’s rice procurement for the official reserves during the October 2025-April 2026 period has reached near 50 million tonnes (mt), including 1.21 mt from the winter-grown crop. With over 1.4 mt in April, the procurement is up 6 per cent from the year-ago period. This high procurement may force the government to dispose of through an aggressive sales policy to ethanol distilleries, states, as well as in the open market.

The government has fixed a target to purchase 56.66 mt of rice during the 2025-26 season (October-September) – including 48.7 mt from the kharif-grown crop and 7.96 mt from the Rabi season. Total procurement in 2024-25 from kharif and rabi crops was 54.52 mt in terms of rice.

According to official data, the actual procurement in terms of rice was 49.86 mt until April 30, against 47.02 mt in the corresponding period of the previous season. In 2025-26, the government sold a record 10.8 mt rice, including 5.2 mt to distilleries for ethanol production, from official reserves, as against a total 4.53 mt in 2024-25..

Most from Telangana

Except Assam, where kharif-grown rice procurement continues till June 30 and Tripura (till May 31), the rice purchase from the Kharif season has got over in all the States, including Odisha, where it ended on April 7 and West Bengal (April 30).

The Centre’s rabi season target (between April and September), includes a maximum of 3.5 mt from Telangana, followed by 1.4 mt from Tamil Nadu, 1.1 mt from Odisha and 1.0 mt from Andhra Pradesh. The first month data show that rabi rice procurement has gone up to 1.21 mt from 1.07 mt a year ago.

From the Rabi-grown crop, maximum 5.77 lt have been bought from Andhra Pradesh and 5.15 lt from Tamil Nadu. Also, over 92,000 tonnes have been purchased from Telangana and nearly 26,000 tonnes from Kerala.

The rice marketing season begins from October and the procurement period varies from State to State, depending on the cropping pattern followed in each State. Due to early arrival of the paddy this year, the Centre allowed procuring agencies in Punjab and Haryana to begin purchase from mid-September and in Tamil Nadu from September 1.

Though purchase is a continuous process, sometimes the transfer of grains to the Central Pool gets delayed to be reflected on the record.

Up 8% in TN

In Tamil Nadu, the procurement was 8 per cent lower until the end of April at 2.12 mt, whereas the year-ago number was 2.31 mt. Telangana’s purchase is reported to be 15.4 per cent higher at 4.04 mt from 3.50 mt, while in Andhra Pradesh it has reported at 71.7 per cent rise to 3.35 mt from 1.95 mt a year ago.

In West Bengal, the Centre has been able to buy 1.67 mt of rice this year against 1.86 mt a year ago. Odisha has reported a 31.3 per cent higher purchase at 5..27 mt against 4.01 mt.

Rice procurement in the largest producing State (in kharif season), Uttar Pradesh, has ended at 4.18 mt, which is 8 per cent up from 3.87 mt. Madhya Pradesh has also reported an 18.9 per cent increase in purchases at 3.47 mt from 2.92 mt, and Uttarakhand has a 11.3 per cent rise in purchases at 5.02 lakh tonnes (lt) from 4.51 lt.

On the other hand, Punjab, which has been the top rice contributor to the Central Pool stock, purchased 10.49 mt, which is 9.7 per cent lower than 11.61 mt, and Haryana got 3.57 mt against 3.6 mt, official data show.

Chhattisgarh has reported that rice purchase was 4.3 per cent higher at 7.3 mt from 7 mt after procurement began from November 1 and ended on January 31, and Maharashtra 4 per cent up at 6.95 lakh tonnes from 6.68 lakh tonnes. Bihar reported 4.8 per cent lower at 2.50 mt from 2.63 mt. The Agriculture Ministry said that rice production in the 2025-26 kharif season is estimated to be a record 123.93 mt, up by 1 per cent from 122.77 mt the previous year. The rabi-grown rice output has been pegged at 16.72 mt from 16.13 mt in 2024-25.

Published on May 4, 2026



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Q4 Results 04th May : Ambuja Cements, Aditya Birla Capital, BHEL, Exide Industries, Petronet, Godrej Properties, Tata Tech, Sobha Q4 profits rise, Ather Energy narrows loss

Q4 Results 04th May : Ambuja Cements, Aditya Birla Capital, BHEL, Exide Industries, Petronet, Godrej Properties, Tata Tech, Sobha Q4 profits rise, Ather Energy narrows loss


CLSA on Indus Tower

High Conviction O-Pm TP Rs 580

4Q core revenue of Rs53bn was up 5% YoY/1% QoQ & core Ebitda adjusted for collections of past overdues was up 6% YoY/ flat QoQ, both in line with our estimates.

4Q net tenancy additions were 6,192 and it added 4,892 towers to 264,514 total, both highest in any quarter of FY26.

FY26 Ebitda was up 11% YoY & CEO said the growth outlook is strong.

AGR relief for VIdea also bodes well for Indus.

Also, after three years, board reinstated the dividend at R14 for FY26.

Indus has net cash of Rs49bn on b/s & lease liabilities are 132% of debt

Retain projected core Ebitda Cagr of 10% by FY29CL, & val compelling at 6x EV/Ebitda

Nomura on Indus Tower

Buy, TP Raised to Rs 505

Largely stable 4Q; tenancy additions robust

Dividend reinstatement positive; lower Vi AGR may aid debt raise

Marginal sequential EBITDA decline on higher seasonal maintenance expense

Stock currently trades at 13.3x/ 6.3x FY28F P/E and EV/EBITDA respectively

Think any progress towards Vi debt raise will be a key catalyst for Indus Towers.

UBS on Indus Tower

Neutral, TP Rs 495

Q4FY26: Soft results; Rs14/share dividend below expectation

Operating metrics:

Indus added c4.9k towers (vs 3.5K/4.3k/2.5k in Q3/Q2/Q1FY26) & 6.2k tenancies (vs 6.1k/4.5k/5.8k in Q3/Q2/Q1FY26).

Tenancy ratio was flattish QoQ at 1.62x ( vs 1.62x in Q3FY26 and 1.63x in Q4FY25)

Co’s lean tower count grew marginally to c14k.

Revenue / Capex

Average rental per tower was down 1% QoQ to Rs 66.6k & average rental per tenant was down 0.8% QoQ to Rs 41.1k, both were 2-3% lower than estimates

Capex increased sequentially to Rs23.3bn (vs 19.8bn/25.6bn/19.5bn in Q3/Q2/Q1FY26), FY26 capex of cRs88bn is up 28% YoY.

Key updates,

i) Final dividend of Rs14/share recommended, FY26 payout ratio at 52%;

ii) Board approved incorporation of GIFT city subsidiary, will act as investment holding company for overseas subsidiaries and undertake treasury operations.

HSBC on Indus Tower

Reduce, TP Rs 345

FCF and dividends came below HSBCe as capex grew 28% y/y, despite organic co-location additions declining by 15% y/y

Stock has priced in excessive tenancy additions from Vi; rentals to remain under pressure from lack of pricing power

Slower than expected FCF growth would be key de-rating catalyst

Jefferies on Indus Tower

U-P, TP Rs 370

Q4 in line though the dividend of Rs14/share surprised negatively.

Over FY26-29, expect Indus to deliver 3% EPS CAGR, which along with sub-4% dividend yield makes risk-reward unattractive

With reassessment of VIL’s AGR liabilities and dividend payout behind, see limited positive triggers particularly amidst upcoming renewal risks

DAM Cap on Indus Tower

Neutral, TP Rs 434

Indus’ financials were broadly in line with estimates

Tower additions were higher than estimates but mainly driven by new towers (likely Airtel) as incremental tenancies of 1,300 remained muted

Maintenance capex continues to remain elevated and a flat ARPT continues to be a disappointment.

Expect Rev/adj. EBITDA/PAT CAGR of 8/6/6% p.a. over FY26-28E

Cut multiple from 7.5x to 7.0x on account of higher maintenance capex & overhang of Jio sites



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In a show of power, voters boot out 13 ministers in Kerala polls

In a show of power, voters boot out 13 ministers in Kerala polls


AKG centre – the Communist Party of India (Marxist) state headquarters, following the party led Left Democratic Front’s (LDF) defeat in the Kerala State assembly elections, in Thiruvananthapuram on Monday.
| Photo Credit:
JAYAMOHAN A

Kochi Kerala’s Assembly elections have once again reinforced people power in the State, as an angry electorate booted out the incumbent LDF government with a decisive mandate.

In a striking outcome, as many as 13 ministers of the 21-member LDF Cabinet led by Chief Minister Pinarayi Vijayan were defeated, signalling a clear rejection of its 10-year performance. A widening disconnect between public sentiment and the party’s reading of it appears to have played a crucial role—an evident departure from an earlier era when seasoned leaders had a natural grasp of the electorate’s pulse.

Key losers

Among the key losers was Industry minister P Rajeev who lost to IUML leader V E Abdul Gafoor in Kalamassery in Ernakulam district. Health Minister Veena George lost from Aranmula. Education and Labour Minister V Sivankutty was defeated by BJP state president Rajeev Chandrasekhar in Nemom constituency. Transport Minister K B Ganesh Kumar was defeated by Congress candidate Jyothi Kumar Chamakkala. Higher Education Minister R Bindu lost to Kerala Congress leader Thomas Unniyadan in Irinjalakuda.

A senior technocrat, speaking on condition of anonymity, hinted at widespread governance underperformance, saying that several ministers fell short of expectations. The scale of anti-incumbency revealed in surveys and exit polls remained largely undetected. One of the key factors behind the rout of LDF was the stagnation of productive sectors. While welfare distribution remained strong, it failed to keep pace with the rising aspirations of voters, he said.

Dominic Savio, political consultant and founder of Buzzstop Integrated Communications, said the outcome of the results shows that awareness has now evolved into evaluation, where the voter is no longer influenced by the umbrella of a party but is instead assessing each leader as a standalone offering.

“What has changed is the unit of decision making. Earlier the voter chose the brand, today the voter is choosing the product within the brand”, he said.

Those ministers — by definition are high-visibility products within the political brand — are expected to demonstrate performance, convert policy into experience, make governance tangible, and when they lose despite that visibility, it suggests a breakdown in perceived delivery. “Visibility creates awareness. But awareness without outcome creates disappointment,” he added.

The defeat of high profile ministers, including those seen as articulate and even future leadership material, reinforces this point, because it shows that perception without performance has a limited shelf life. 

“In marketing, there is a USP (unique selling proposition. But in politics, the real USP is a unique selling problem, because the leader who identifies a problem sharply and positions himself as the most credible solution is the one who gets chosen.” In other words, politics is no longer about saying what you have done, it is about demonstrating what problem you are solving right now, he said.

Many ministers in this election failed to establish that relevance clearly, either by not defining the problem strongly enough or by not positioning themselves as the solution convincingly.

Performance audit

The defeat of 13 ministers, therefore, is not just about anti-incumbency or political cycles. It is about a shift in how leadership is being perceived by ordinary voters. “Being in power is no longer a shield. It is a performance audit.”

Meanwhile, experts caution that UDF’s victory comes with significant challenges. Fiscal management is likely to emerge as a major test, especially in a context where expectations are high and resources constrained.

Going forward, the State’s policy focus may need to shift towards wealth creation and optimal asset utiliszation—an area where expectations are rising sharply. However, concerns over transparency and corruption have also surfaced, underlining the need for strong oversight and accountability.

Published on May 4, 2026



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Godrej Properties FY26 profit rises 32% to ₹1,850 crore, stock gains

Godrej Properties FY26 profit rises 32% to ₹1,850 crore, stock gains


Annual booking value rose 16% to ₹34,171 crore, making it India’s largest residential developer by bookings for the third straight year. Despite strong fundamentals, net debt rose due to aggressive land acquisitions, while the stock gained 2.77% post-results.
| Photo Credit:
GOPINATHAN K

Godrej Properties Limited reported a strong set of numbers for the March quarter, with consolidated net profit rising 70 per cent on-year to ₹650 crore in Q4 FY26, driven by robust project deliveries and sustained demand across key markets.

Revenue from operations rose 63 per cent to ₹3,458 crore, while EBITDA increased 51 per cent to ₹959 crore.

In an analyst call, the management said the first half of FY27 was looking bright due to a strong launch pipeline.

For the full year FY26, the company posted a 32 per cent rise in net profit at ₹1,850 crore, with revenue growing 4 per cent to ₹5131.4 crore. Adjusted EBITDA climbed 37% to ₹2,957 crore, reflecting strong operating leverage amid higher scale.

Operationally, the developer delivered record performance across key metrics. Booking value rose 16 per cent on-year to ₹34,171 crore, while collections increased 17 per cent to ₹19,965 crore. Operating cash flow stood at ₹7,830 crore. The company also reported its highest-ever quarterly bookings in Q4 at ₹10,163 crore.

In terms of guidance versus actual performance, Godrej Properties exceeded or met most of its FY26 targets, with bookings and launch value surpassing guidance. Deliveries significantly outperformed at 121 per cent of guidance, and business development overshot expectations sharply at 211 pr cent. However, collections came in slightly below target at 95 per cent of guidance.

For FY27, it is targeting booking value of ₹39,000 crore, collections of ₹24,000 crore, and launch value of ₹48,000 crore. Deliveries are expected to reach 13.5 million sq. ft., while business development guidance has been set at ₹20,000 crore.

Geographically, sales remained well diversified, with the Mumbai Metropolitan Region (MMR) contributing the highest booking value at ₹10,312 crore, followed by Bengaluru at ₹8,801 crore and NCR at ₹7,412 crore. Pune and Hyderabad contributed ₹3,659 crore and ₹2,360 crore, respectively.

The company also added 18 new projects during the year with an expected booking value of ₹42,100 crore—more than double its initial guidance—highlighting an aggressive expansion strategy.

Published on May 4, 2026



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ममता के ये 5 सिपाही हैं सबसे रईस, जानिए जीते या हारे? एक की नेटवर्थ तो अरबों रुपए है

ममता के ये 5 सिपाही हैं सबसे रईस, जानिए जीते या हारे? एक की नेटवर्थ तो अरबों रुपए है


West Bengal Election TMC Richest Leaders: पश्चिम बंगाल में आज 15 साल बाद ममता राज खत्म हो गया है. राज्य में आजादी के बाद पहली बार कमल खिला है. बंगाल की राजनीति हमेशा से चर्चा का केंद्र रही है. यहां सत्ता में रही तृणमूल कांग्रेस यानी टीएमसी न केवल अपने राजनीतिक रसूख के लिए जानी जाती है, बल्कि इसके कई नेता अपनी अकूत संपत्ति और आलीशान जीवनशैली के लिए भी सुर्खियों में रहते हैं. 

आज हम आपको बताने जा रहे हैं टीएमसी के उन पांच सबसे अमीर नेताओं के बारे में, जिनकी नेटवर्थ जानकर आप हैरान रह जाएंगे. साथ ही आपको बताएंगे कि इस चुनाव में उनको जीत मिली है या उन्होंने हार का स्वाद चखा है. 

टॉप पांच नेता और उनकी संपत्ति

जाकिर हुसैन- 133 करोड़ रुपए से ज्यादा की संपत्ति के साथ इस सूची में सबसे ऊपर हैं, जो जंगीपुर विधानसभा सीट से चुनाव लड़े.

गौतम मिश्रा- 105 करोड़ रुपए से ज्यादा की संपत्ति के मालिक हैं, जो बरजोरा विधानसभा सीट से चुनाव लड़े.

कवि दत्ता- 72 करोड़ रुपए से ज्यादा की संपत्ति के साथ तीसरे स्थान पर हैं, जो दुर्गापुर पश्चिम विधानसभा सीट से चुनाव लड़े.

कृष्ण कल्याणी- 20 करोड़ रुपए से ज्यादा की संपत्ति के मालिक हैं, जो रायगंज विधानसभा सीट से चुनाव लड़े.

मानस रंजन भुइयां- 15 करोड़ रुपए से ज्यादा की संपत्ति के साथ इस सूची में शामिल हैं, जो सबंग विधानसभा सीट से चुनाव लड़े.

‘बंगाल में खिला कमल’- बंगाल में जीत को बढ़ रही बीजेपी, पीएम मोदी का पहला रिएक्शन आया सामने

चुनाव में हारे या जीते?

जाकिर हुसैन- जंगीपुर विधानसभा सीट से जाकिर हुसैन हार गए हैं. वह दूसरे नंबर पर रहे.  इस सीट से बीजेपी के चित्त मुखर्जी ने जीत दर्ज की है. 

गौतम मिश्रा- बरजोरा विधानसभा सीट से गौतम मिश्रा भी हार गए हैं. वह भी दूसरे नंबर पर रहे. इस सीट से बीजेपी के बिलेश्वर सिन्हा ने जीत दर्ज की है.

कवि दत्ता- दुर्गापुर पश्चिम विधानसभा सीट से कवि दत्ता ने भी हार का स्वाद चखा है. यह भी दूसरे नंबर पर रहे. इन्हें बीजेपी के लक्ष्ण चंद्र ने हराया है.

कृष्ण कल्याणी- रायगंज विधानसभा सीट से कृष्ण कल्याणी में हार गए. इन्हें भी बीजेपी के उम्मीदवार ने हराया है, जिनका नाम कौशिक चौधरी है. 

मानस रंजन भुइयां-  सबंग विधानसभा सीट से मानस रंजन भी हार गए. इस सीट पर बीजेपी उम्मीदवार अमल कुमार पांडा ने जीत दर्ज की है. मानस दूसरे नंबर पर रहे. 

यानी कुल मिलाकर टीएमसी के पांचों धन कुबेरों को हार का सामना करना पड़ा है. बड़ी बात यह है कि सभी दूसरे नंबर पर रहे और सभी को बीजेपी उम्मीदवारों ने हराया है. 



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