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RBI governor Sanjay Malhotra Sanjay Malhotra , who took over as RBI's 26th governor on Wednesday, said stability, trust and growth will remain the central bank's core values. "India's growth trajectory must continue, and RBI will play a key role in fostering it. Financial inclusion is central to this effort," he said in Mumbai. The ex-revenue secretary said while ensuring stability - "a core value in taxation, fiscal and monetary policy as we navigate a dynamic world" - it was necessary to remain agile and responsive to changing circumstances. He added RBI would undertake a consultative approach, "recognising that knowledge and expertise are not monopolised by any single institution". Many experts view him as more dovish compared to predecessor Shaktikanta Das , who maintained rates despite growth decelerating to 5.4% in Q2 of FY25. Continuity, policy stability to remain core values: RBI governor MUMBAI: Continuity, stability, trust and growth will remain RBI's core values, its new governor said on Wednesday. Sanjay Malhotra said that the country's growth trajectory must continue and that RBI will play a key role in fostering it. Malhotra, a career bureaucrat, assumed office as RBI's 26th governor on Wednesday. He replaces Shaktikanta Das, whose six-year term ended on Tuesday. "India's growth trajectory must continue, and RBI will play a key role in fostering this growth. Financial inclusion is central to this effort. While significant progress has been made in bringing banking services to every corner of the country, more remains to be done," Malhotra said in his first press conference as governor. "I will continue to uphold the legacy and take it forward," he said, adding that RBI had, in its 90th year, given itself the theme of stability, trust, and growth - three apt pillars which are very pertinent as the economy was entering the "Amrit Kaal" and to realise the vision of "Viksit Bharat" by 2047. "It's a huge responsibility we have, to ensure that the growth the country needs continues and that will continue," he said. Malhotra did not share his thoughts on the macroeconomic situation or other major issues, saying he would like to understand and discuss matters before giving his views. Many, however, see him as more dovish compared to predecessor Shaktikanta Das, who maintained rates despite growth decelerating to 5.4% in Q2 FY25. "Policy stability is crucial. Whether in taxation, fiscal, or monetary policy, continuity and stability give businesses and individuals confidence. This will remain a core value as we navigate a dynamic world characterised by geopolitical tensions, climate change, and political uncertainties," he said. He also noted that while ensuring stability, it was necessary to remain agile and responsive to changing circumstances. Malhotra, who was the revenue secretary, said RBI would undertake a consultative approach. "This approach ensures that policies are well-informed and effective. I intend to continue the practice, recognising that knowledge and expertise are not monopolised by any single institution," he said. Ready to Master Stock Valuation? ET’s Workshop is just around the corner!NoneWho Is Bill Skarsgård's Girlfriend? All About Actress Alida Morberg (Who Is Also from a Famous Swedish Family!)
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(CNN) — Former President Jimmy Carter, a Georgia peanut farmer who vowed to restore morality and truth to politics after an era of White House scandal and who redefined post-presidential service, died Sunday at the age of 100. The Carter Center said the 39th president died in Plains, Georgia, surrounded by his family. The White House has been notified that Carter has died, per a Biden administration official. Preparations for the state funeral have begun, according to a law enforcement official. Carter had been in home hospice care since February 2023 after a series of short hospital stays. Carter, a Democrat, served a single term from 1977 to 1981, losing a reelection bid to Ronald Reagan. Despite his notable achievements as a peacemaker, Carter’s presidency is largely remembered as an unfulfilled four years shaken by blows to America’s economy and standing overseas. His most enduring legacy, though, might be as a globetrotting elder statesman and human rights pioneer during an indefatigable 43-year “retirement.” Carter became the oldest living former president when he surpassed the record held by the late George H.W. Bush in March 2019. Carter’s beloved wife, Rosalynn, died in November 2023. They had been inseparable during their 77-year marriage, and after she passed away, the former president said in a statement that “as long as Rosalynn was in the world, I always knew somebody loved and supported me.” The former president attended his wife’s memorial events, including a private burial and a televised tribute service in Atlanta, where he was seated in the front row in a reclined wheelchair. He did not deliver any remarks. Carter took office in 1977 with the earnest promise to lead a government as “good and honest and decent and compassionate and filled with love as are the American people” following what had started as an unlikely long-shot bid for the Democratic Party’s nomination. The Southerner with a flashing smile did enjoy significant successes, particularly abroad. He forged a rare, enduring Middle East peace deal between Israel and Egypt that stands to this day, formalized President Richard Nixon’s opening to communist China and put human rights at the center of US foreign policy. But Carter was ultimately felled by a 444-day hostage crisis in Iran, in which revolutionary students flouted the US superpower by holding dozens of Americans in Tehran. The feeling of US malaise triggered by the crisis was exacerbated by Carter’s domestic struggles, including a sluggish economy, inflation and an energy crisis. At times, Carter’s principled moral tone and determination to strip the presidency of ostentation, such as by selling the official yacht, Sequoia, seemed to verge on sanctimony. But out of office, Carter won admiration by living his values. Just a day after one of several falls he suffered in 2019, he was back out building homes for Habitat for Humanity, even with an ugly black eye and 14 stitches — and teaching Sunday school as he had done several hundreds of times . The devout Southern Baptist’s life’s work was only just beginning when he limped out of the White House, humiliated by Reagan’s 1980 Republican landslide, in which the incumbent won only six states and the District of Columbia. “As one of the youngest of former presidents, I expected to have many useful years ahead of me,” Carter wrote in his 1982 memoir, “Keeping Faith.” He proved as good as his word, going on to become a humanitarian icon, perhaps more popular outside the United States than he was at home. Over four decades, Carter, Rosalynn and his Atlanta-based organization monitored hot-spot elections, negotiated with despots, battled poverty and homelessness, fought disease and epidemics, and promoted public health in the developing world. In the process, Carter did nothing less than reinvent the concept of the post-presidency, blazing a philanthropic path since adopted by successors such as Bill Clinton and, in Africa, George W. Bush. His efforts on behalf of his Carter Center, founded to “wage peace, fight disease and build hope,” yielded a Nobel Peace Prize in 2002. Even into old age, Carter remained a polarizing political figure. He was an uneasy member of the ex-presidents’ club, sometimes frustrating successors like Clinton and criticizing the foreign policies of George W. Bush and Barack Obama, and of US allies such as Israel. In recent years, he came full circle as he warned of the corrosive impact on American politics of a scandal-plagued White House — just as he did when his critique of the Nixon era helped him beat the disgraced Republican ex-president’s unelected successor, Gerald Ford, in 1976. (After Carter left office, he and Ford became close friends.) In September 2019, Carter warned Americans against reelecting President Donald Trump . “I think it will be a disaster to have four more years of Trump,” he said. After losing reelection, his work at the Carter Center became a great consolation. The ex-president said in a moving news conference detailing a cancer diagnosis in August 2015 that being president had been the highlight of his political career, even if it ended prematurely — though he would not swap another four years in the White House for the joy he had taken after leaving office in working with the Carter Center. And he said he was at peace with his legacy after a rich, fulfilling life: “I think I have been as blessed as any human being in the world.” Carter also said at that August news conference that marrying Rosalynn was the “pinnacle” of his life. He is survived by four children — Jack, Chip, Jeff and Amy — 11 grandchildren and 14 great-grandchildren, according to the Carter Center. In April 2021, President Joe Biden and first lady Jill Biden visited the Carters at their home in Plains, after the former presidential couple was unable to travel to Washington for the 46th president’s inauguration. This story has been updated with additional information. CNN’s Jeff Zeleny and Haley Talbot contributed to this report. The-CNN-Wire TM & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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Sen. Markwayne Mullin, R-Okla., reacts to President-elect Donald Trump's FBI director pick on 'Your World.' FIRST ON FOX: House Judiciary Committee Chairman Jim Jordan, R-Ohio, signaled he is not finished with his oversight of FBI Director Christopher Wray’s handling of the bureau, even after the intelligence official announced he was stepping down. Jordan said Wray’s resignation was "great" news and lambasted his handling of the FBI in comments to Fox News Digital on Wednesday. "I mean, Chris Wray was, you know, investigating moms and dads who show up for school board meetings. He was putting out a memorandum on saying, ‘If you're a pro-life Catholic, you're an extremist.’ The FBI retaliated against whistleblowers who came and gave us that kind of information. We learned yesterday that they were spying on congressional staffers and their metadata. And of course, he raided President Trump's home ," Jordan said. GRASSLEY RIPS WRAY'S ‘FAILED’ LEADERSHIP AT FBI WITH 11 PAGES OF EXAMPLES IN BLISTERING ‘NO CONFIDENCE’ LETTER House Judiciary Chairman Jim Jordan signaled he is not done with his oversight of FBI Director Christopher Wray (Getty Images) Wray previously denied targeting pro-life activists. He also defended the FBI’s handling of a Department of Justice (DOJ) memo raising alarms about conduct at school board meetings, though he said last year that there was "no compelling nationwide law enforcement justification" for the directive to be issued. Jordan has made no secret of his thoughts on Wray’s leadership, overseeing multiple inquiries by the House Judiciary Committee into his leadership. When asked by Fox News Digital if that oversight will continue, Jordan said, "Oh, yeah." "And there's, we think, reports coming that are going to, you know, shed even more light on what's been going on down line from the from the inspector general," Jordan said. WHO IS KASH PATEL? TRUMP'S PICK TO LEAD FBI HAS LONG HISTORY VOWING TO BUST UP 'DEEP STATE' Trump tapped Kash Patel to succeed Wray (Photo by Rebecca Noble/Getty Images) He also praised President-elect Trump’s new nominee to lead the FBI, Kash Patel. Fox News first reported Wray’s intent to resign seven years into his 10-year term earlier on Wednesday. Meanwhile, Trump’s pick to replace him had already been meeting with senators for days ahead of an anticipated confirmation hearing. DONALD TRUMP ON FBI DIRECTOR CHRISTOPHER WRAY: ‘HE INVADED MY HOME’ Jordan said Wray's resignation was "great" news (Photo by Win McNamee/Getty Images) "After weeks of careful thought, I’ve decided the right thing for the Bureau is for me to serve until the end of the current Administration in January and then step down. My goal is to keep the focus on our mission — the indispensable work you’re doing on behalf of the American people every day," Wray told FBI colleagues. "In my view, this is the best way to avoid dragging the Bureau deeper into the fray, while reinforcing the values and principles that are so important to how we do our work." CLICK HERE TO GET THE FOX NEWS APP Jordan told Fox News Digital he was not surprised at Wray’s decision. "I mean when the president nominates someone to replace you, you’ve got to go, man," Jordan said. Elizabeth Elkind is a politics reporter for Fox News Digital leading coverage of the House of Representatives. Previous digital bylines seen at Daily Mail and CBS News. Follow on Twitter at @liz_elkind and send tips to elizabeth.elkind@fox.com
FBI Director Wray says he intends to resign before Trump takes office in JanuaryAmsterdam-based startup CarbonX has secured €4mn to industrialise a new anode material that could help Europe reduce its reliance on China for graphite, a substance which makes up half the weight of a typical lithium-ion battery. Netherlands-based VC Energy Transition Fund Rotterdam led the round. It’s an extension on CarbonX’s €10mn capital injection announced in February, capping off the funding round at a cosy €14mn. Graphite is the go-to material for lithium-ion battery anodes, which is the negative electrode responsible for storing and releasing electrons during the charging and discharging process . Its found in batteries that power everything from EVs to smartphones. The EU imports almost 100% of its graphite from China, which recently imposed restrictions on exports of the carbon-based material amid rising political tensions between Bejing and the West. The 💜 of EU tech The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now! “A resilient battery supply chain is crucial for global electrification,” said CarbonX’s co-founder Rutger van Raalten. “Yet, we don’t see sufficient alternatives for locally sourcing critical raw materials such as graphite.” CarbonX wants to offer European and American battery makers a way to source a graphite alternative that is not just locally-made, but greener and better performing. Spun out from Delft University of Technology in 2014, the company has developed an “emulsion feedstock” technology that takes carbon black — a fine, black powder made mostly of pure carbon — and processes it into a material with a complex 3D porous structure. Similar to graphite, this hexagonal formation creates spaces where lithium ions can insert themselves during charging. However, CarbonX says that its material has even more little crevices for the lithium ions to hide. That equals faster charging and longer-lasting batteries. “CarbonX’s unique 3D porous network structure improves electron and lithium-ion transfer, while it is still highly compressible to achieve high energy densities,” explained Daniela Sordi, CTO and co-founder of CarbonX. CarbonX’s feedstock technology purportedly consumes much less energy compared to synthetic or natural graphite production. This equals lower costs and less carbon emissions, it said. The company’s carbon anode material is currently undergoing “late-stage qualifications” with “several top 10 global battery cell manufacturers.” It expects to secure its first offtake agreements halfway into 2025. Graphite demand is expected to rise by 20-25 times between 2020 to 2040, according to the International Energy Agency (IEA). To cater to this “enormous market pull,” CarbonX plans to scale up quickly. CarbonX is currently planning its first high-capacity facility at an existing carbon black factory in the Port of Rotterdam. Its tech can “plug-in” to existing carbon black factories, using their current equipment, so there’s no need to build new plants. The company is also undergoing a feasibility study for a 20,000 ton per annum production line in both Europe and US, it said. “The founders of CarbonX found an answer to the developing Chinese export ban on graphite,” commented Jesse In ‘t Velt, investment manager of Energy Transition Fund Rotterdam.Jimmy Carter, the 39th U.S. president who led the nation from 1977 to 1981, has died at the age of 100. The Carter Center announced Sunday that his father died at his home in Plains, Georgia, surrounded by family. His death comes about a year after his wife of 77 years, Rosalynn, passed away. The Carter Center will provide updates about ceremonies and activities to honor the life of President Carter as they become available here and soon on the official Carter Family Tribute Site ( https://t.co/Tg5UZt7kPV ). Read our statement: https://t.co/CNBUBpffPz — The Carter Center (@CarterCenter) December 29, 2024 Despite receiving hospice care at the time, he attended the memorials for Rosalynn while sitting in a wheelchair, covered by a blanket. He was also wheeled outside on Oct. 1 to watch a military flyover in celebration of his 100th birthday. The Carter Center said in February 2023 that the former president and his family decided he would no longer seek medical treatment following several short hospital stays for an undisclosed illness. Carter became the longest-living president in 2019, surpassing George H.W. Bush, who died at age 94 in 2018. Carter also had a long post-presidency, living 43 years following his White House departure. RELATED STORY: Jimmy and Rosalynn Carter: A love story for the ages Before becoming president Carter began his adult life in the military, getting a degree at the U.S. Naval Academy, and rose to the rank of lieutenant. He then studied reactor technology and nuclear physics at Union College and served as senior officer of the pre-commissioning crew on a nuclear submarine. Following the death of his father, Carter returned to Georgia to tend to his family's farm and related businesses. During this time, he became a community leader by serving on local boards. He used this experience to elevate him to his first elected office in 1962 in the Georgia Senate. After losing his first gubernatorial election in 1966, he won his second bid in 1970, becoming the state’s 76th governor. As a relative unknown nationally, Carter used the nation’s sour sentiment toward politics to win the Democratic nomination. He then bested sitting president Gerald Ford in November 1976 to win the presidency. Carter battles high inflation, energy crisis With the public eager for a change following the Watergate era, Carter took a more hands-on approach to governing. This, however, meant he became the public face of a number of issues facing the U.S. in the late 1970s, most notably America’s energy crisis. He signed the Department of Energy Organization Act, creating the first new cabinet role in government in over a decade. Carter advocated for alternative energy sources and even installed solar panels on the White House roof. During this time, the public rebuked attempts to ration energy. Amid rising energy costs, inflation soared nearly 9% annually during Carter's presidency. This led to a recession before the 1980 election. Carter also encountered the Iran Hostage Crisis in the final year of his presidency when 52 American citizens were captured. An attempt to rescue the Americans failed in April 1980, resulting in the death of eight service members. With compounding crises, Carter lost in a landslide to Ronald Reagan in 1980 as he could only win six states. Carter’s impact after leaving the White House Carter returned to Georgia and opened the Carter Center, which is focused on national and international issues of public policy – namely conflict resolution. Carter and the Center have been involved in a number of international disputes, including in Syria, Israel, Mali and Sudan. The group has also worked to independently monitor elections and prevent elections from becoming violent. Carter and his wife were the most visible advocates for Habitat for Humanity. The organization that helps build and restore homes for low- and middle-income families has benefited from the Carters’ passion for the organization. Habitat for Humanity estimates Carter has worked alongside 104,000 volunteers in 14 countries to build 4,390 houses. “Like other Habitat volunteers, I have learned that our greatest blessings come when we are able to improve the lives of others, and this is especially true when those others are desperately poor or in need,” Carter said in a Q&A on the Habitat for Humanity website. Carter also continued teaching Sunday school at Maranatha Baptist Church in his hometown well into his 90s. Attendees would line up for hours, coming from all parts of the U.S., to attend Carter’s classes. Carter is survived by his four children.
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