Pankaj Chaudhary
Pankaj Chaudhary Appointed as New Uttar Pradesh BJP President: A Strategic Leadership Change Ahead of 2027 Elections
Dec 14, 2025 07:51 pm CST
Union Minister of State for Finance Pankaj Chaudhary has been officially appointed as the new president of BJP's Uttar Pradesh unit. The seven-time Lok Sabha MP from Maharajganj, who belongs to the Kurmi (OBC) community, was the sole candidate for the position and is considered a close confidant of Prime Minister Modi and other senior BJP leaders. His appointment comes as the party prepares for the crucial 2027 UP assembly elections, with party leaders expressing confidence in his leadership capabilities.
Pankaj Chaudhary: 7-Time MP from Kurmi Community Set to Lead BJP in Uttar Pradesh
Dec 13, 2025 12:52 pm CST
The BJP is poised to appoint Pankaj Chaudhary, a seven-time MP and prominent Kurmi leader, as its new Uttar Pradesh unit chief. As an influential OBC figure, Chaudhary's appointment appears strategically timed ahead of the 2027 Assembly elections, with the party aiming to consolidate non-Yadav votes in India's most politically significant state.
IMF Recognizes India's UPI as World's Largest Real-Time Payment System with 49% Global Market Share
Dec 09, 2025 02:53 am CST
The International Monetary Fund has officially recognized India's Unified Payments Interface (UPI) as the world's largest retail fast-payment system by transaction volume. With a 49% global market share and 129.3 billion transactions, UPI significantly outperforms systems in Brazil, Thailand, and China, while government initiatives continue expanding digital payment infrastructure across India.
Indian Public Sector Banks Write Off Rs 6.15 Lakh Crore in Loans: Recovery Challenges and Financial Strategies
Dec 08, 2025 06:44 pm CST
Public sector banks in India have written off loans worth Rs 6.15 lakh crore over five financial years through September 2025, according to Reserve Bank of India data. Despite recovering only Rs 1.65 lakh crore from these write-offs, the government has not injected capital since FY 2022-23 as banks raise market funding and show improved profitability. Finance Minister Pankaj Chaudhary clarified that write-offs don't constitute loan waivers and recovery efforts continue through various legal mechanisms.
India's Household Debt Surge: 28 Crore Borrowers with Rs 15.7 Lakh Crore in Outstanding Loans
Dec 05, 2025 09:46 pm CST
India is experiencing a significant rise in household borrowing, with the number of Indians holding outstanding debt doubling to 28.3 crore over seven years. Household financial liabilities have increased from Rs 3.8 lakh crore to Rs 15.7 lakh crore, and debt-to-GDP ratio has grown from 3% to 4.7%. The average debt per borrower now stands at Rs 4.8 lakh, raising questions about economic sustainability.
Finance Ministry Confirms No Plans to Merge Dearness Allowance with Basic Pay for Central Government Employees
Dec 02, 2025 12:21 am CST
The Finance Ministry has officially stated that there are no current plans to merge dearness allowance with basic pay for central government employees, despite speculation around the 8th Central Pay Commission. Minister of State for Finance Pankaj Chaudhary confirmed this in Parliament, addressing concerns from employee unions about inflation and compensation adjustments.
"Can't Be On Whims": Court To Centre On Procedure To Allot Bungalow To Kejriwal
Sep 19, 2025 12:23 am CST
Allotment of residential accommodation cannot be based purely on whims of the authorities, the Delhi High Court said in a plea filed by Aam Aadmi Party seeking a bungalow for its national convener and former chief minister Arvind Kejriwal