India Week in Review: RBI Shakeup, Bomb Threats, Chess Triumph, and Tragic Events

India experienced a week of dramatic highs and lows, marked by significant appointments, unsettling security incidents, a momentous sporting achievement, and a tragic event that sparked controversy. Let’s delve into the key events that shaped the past seven days.

A New Era at the RBI:

The week began with the announcement of Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das whose term concluded on December 10th. Malhotra, previously the Revenue Secretary, assumes this crucial role at a time of economic uncertainty, making this appointment a significant development for India’s financial landscape. The Appointments Committee of the Cabinet confirmed the selection, signaling a planned transition of leadership at the central bank.

Wave of Bomb Threats Sweeps Across India:

A series of bomb threats sent shockwaves across the nation. Starting with an email threat targeting Hotel Dwarkamai in Nagpur on Monday, the incidents spread to several schools in Delhi, including prominent institutions like DPS RK Puram and GD Goenka. Adding further concern, the RBI’s official website also received a threatening email. While the threats caused widespread panic and disruption, with schools sending students home and security forces launching investigations, thankfully no devices were found, and no injuries were reported. The motives behind these threats remain under investigation, underscoring a growing concern about national security.

Remembering SM Krishna: A Legacy of Leadership:

The nation mourned the passing of Somanahalli Mallaiah Krishna, former External Affairs Minister and Chief Minister of Karnataka, at the age of 92. Krishna’s tenure as Chief Minister (1999-2004) was marked by significant contributions to Bengaluru’s transformation into India’s tech hub, earning him lasting recognition for his vision and leadership.

Triumph on the Chessboard:

Eighteen-year-old D. Gukesh etched his name in history by becoming the youngest-ever World Chess Champion. His victory over China’s Ding Liren in a thrilling 14-game match culminated a remarkable rise in the world of chess, showcasing India’s burgeoning talent in the sport and capturing global attention.

Tragedy and Arrest in Hyderabad:

The week took a somber turn with a tragic stampede at a movie premiere of Allu Arjun’s film ‘Pushpa 2’ in Hyderabad. The incident resulted in one death and injuries to others. Allu Arjun, though not directly implicated, was arrested in connection with the event, reflecting the gravity of the situation and the ongoing investigations into the circumstances leading to the stampede. He was subsequently released from Chanchalguda Central Jail after spending a night in custody.

Other Notable Events:

The week also included India’s evacuation of 75 citizens from Syria amidst ongoing conflict; the ICC’s approval of a hybrid model for the Champions Trophy 2025, to be co-hosted by Pakistan and India; Fitch Ratings revising India’s GDP growth forecast downward; and the granting of bail to individuals involved in a concerning doctor rape case in Kolkata.

This week’s events highlight a diverse range of issues facing India – from economic management and national security concerns to sporting triumphs and tragic accidents. The coming weeks will undoubtedly shed further light on these developing stories.

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