Flush with liquidity, banks are eager to lend. And, therein lies the problem, warns Tamal Bandyopadhyay.
The criticism that the Reserve Bank of India was behind the curve in hiking interest rate to tame rising inflation is unfair, former RBI Governor D Subbarao said on Wednesday and asserted that it is difficult for any central bank to anticipate the future more accurately. Earlier this month, Monetary Policy Committee (MPC), the central bank's rate-setting panel, surprised the markets with a 40 basis points hike in repo rate in an off-cycle policy meeting. It was also the first rate hike after August 2018, amid spiralling inflation.
Operating margins for some companies dipped in Q3, 2021-22 but this sector could be nearing the bottom of the cycle in terms of profits.
The New York Times story on Delhi's education system was based on 'an impartial and on-the-ground reporting', the American newspaper said on Friday, rejecting the paid news charge.
In December 2019, the India arm of Deloitte Touche Tohmatsu surprised many with its ultra-competitive bid to become the transaction advisor for the country's largest strategic divestment in Bharat Petroleum Corporation (BPCL). The multinational major quoted just Rs 1; the second-highest bidder, SBI Caps, reportedly quoted Rs 15-17 crore. For Deloitte, the motivation was to bag a prestigious deal adding a national energy company to its portfolio. No doubt, it expected BPCL to go to a marquee buyer in quick time.
Suspension is the only method provided for in the UN resolution that established the Human Rights Council back in 2005.
Referring to how unified Washington Allies have been in isolating President Putin, Biden stated, "...The Quad is, with the possible exception of India being somewhat shaky on some of this, but Japan has been extremely strong -- so has Australia -- in terms of dealing with Putin's aggression."
Private airlines Jet Airways and IndiGo joined the race for low-fares, offering their customers hefty discounts, after Air India rolled out a similar offer to challenge Vistara, the latest full-service entrant in the domestic market.
Digital canvassing is expected to benefit from political money looking for alternative blow horns.
Pawar recorded his testimony before the commission in Mumbai in connection with the January 2018 violence at the Koregaon Bhima war memorial in Pune district of Maharashtra.
'There is only one common feature between Gorbachev and Putin.' 'They are both patriots, and both try to save Russia and make it great.' 'But in very, very, different ways.'
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
Not all change is good, but this one is, applauds Shekhar Gupta.
The civic body also informed that those kept in institutional quarantine will be discharged only when they test negative for the virus. Municipal commissioner Iqbal Singh Chahal took the decision to allow testing without medical prescription in view of increase in the number of private laboratories and their capacity, it said in a release.
One hundred and forty nine new individuals joined the rich list club of 1,103 Indians across 122 cities who cumulatively accumulated a wealth of Rs 100 trillion. Bengaluru -based Kaivalya Vohra, 19, of grocery delivery application Zepto is the youngest self-made and the youngest rich individual, according to IIFL Wealth Hurun India Rich List 2022. The report found 1,103 Indians with a networth of Rs 1,000 crore each - an increase of 62 per cent over five years. There are 221 billionaires (Rs 100 crore networth) in India on the 2022 list - down 16 compared with last year, while 13 people born in the 1990s made it to the list, all self-made.
'We had not seen any fighting, but we could hear guns and bombs exploding.' A Ganesh Nadar/Rediff.com and Reuben N V/Rediff.com traveled to Kerala to meet some of the nurses who have returned from civil-war ravaged Libya.
"Over the last 10 days, my wife and I have been so deeply touched by the many messages of condolence and support we have received from this country and across the world," Charles said in a statement
The Congress alleged that the money-laundering law has been weaponised to target and humiliate people, and urged the Supreme Court to decide soon on the matter concerning the National Herald-Associated Journals Limited case.
Amid a surge in COVID-19 cases in the country, the Indian Medical Association has written to Prime Minister Narendra Modi suggesting that vaccination be allowed for all people above the age of 18 years.
As stringent sanctions imposed by the European Union and US are crippling business and trade, desperate Russian oil companies are offering huge discounts to India, provided a payment mechanism to bypass the SWIFT ban is quickly approved by the government. According to sources familiar with the development, Russian oil firms are offering 25-27 per cent discount to the dated Brent crude prices. State-run Rosneft is one the biggest oil companies that supply crude to India.
'Another friend told me that the Russians had come to their homes, killed their neighbours and raped his neighbour's wife, and they killed even children in Bucha.'
India may see a structural shift in supplies of crude oil with Russia emerging as a key source of fuels, a development that reduces New Delhi's dependence on West Asian oil, gives Indian refiners better bargaining power with price-setter Saudi Arabia, and improves overall energy security. The unexpected surge in supplies of Russian crude in the last few months, unthinkable until the war in Ukraine, may also deliver other unforeseen gains such as boosting exports of refined fuels to Europe, which historically has counted on Russian shipments. India has jumped on to the bandwagon of opportunistic buying of Russian crude but if calibrated carefully, Urals crude can be a long-term asset for India refiners.
'Thankfully, most investors in India have now seen through this false narrative and are once again deploying their hard-earned money.
The opposition Congress on Thursday stepped up the attack on the ruling Bharatiya Janata Party in Karnataka and demanded the arrest of party MP Tejasvi Surya and a party MLA, alleging they were behind the scam involving blocking of hospital beds meant for COVID patients in Bengaluru.
'I request the embassy to evacuate me from here, provide me facilities like a wheelchair, help me with documentation'
Rishi Sunak on Monday is all set to make history on Diwali as Britain's first Indian-origin prime minister after being elected unopposed as the new leader of the governing Conservative Party, following Penny Mordaunt's withdrawal from the race.
Over 1,200 Indian students stranded at Zaporizhzhia in Ukraine make a desperate call for help.
The state funeral on Monday will take the form of an elaborate ceremony that will see Her Majesty's coffin transported from Westminster Hall to Westminster Abbey and finally to Windsor Castle.
Indian rupee, which earlier this week touched an all-time low, is likely to remain under pressure and may test new levels as a fallout of the US Federal Reserve indicating more interest rate hikes, experts said. The aggressive rate hikes will dampen demand and increase the possibility of a recession in the US. This could accelerate the pace of capital outflows, weaken the rupee and raise the threat of imported inflation.
'In many cases, I didn't take money because the Indian students had run out of cash.' 'The biggest high was the blessings that these students's parents used to give me on the phone or send messages thanking me on WhatsApp.'
Automobile retail sales in India increased by 37 per cent in April on a low base of COVID-hit April last year, automobile dealers' body FADA said on Thursday. Total sales across categories rose to 16,27,975 units in April, as compared to 11,87,771 units in the year-ago period. On a year-on-year basis, all vehicle categories including passenger vehicles and two-wheelers were up as compared with April last year.
'The future looks quite bleak unless we ramp up testing and start vaccinating on a war footing.'
Each of these medical facilities will have a capacity of 2,000 beds, including 200 ICU beds and 70 per cent oxygen beds, and they will be set up at three different locations in the city
'We try to pick up stocks early and hold onto them for the long term.' 'We are not someone who buys and sells on a daily basis.'
Asserting that not allowing its officials to withdraw their salaries was in breach of Vienna Protocol, Pakistan has also threatened that in case the matter is not resolved soon, it may consider retaliatory action against salary disbursal for Indian diplomats there.
Scotland Yard's War Crimes Team, which is part of its Counter-Terrorism Command, has launched an investigation into the role of British mercenaries in fighting the Liberation Tigers of Tamil Eelam (LTTE) rebels in Sri Lanka during the 1980s.
This election will decide in what shape and form the Akali Dal will survive.
The Bombay High Court on Tuesday said poet Varavara Rao, an accused in the Elgar Parishad-Maoist links case who is on interim bail, need not surrender before the Taloja prison authorities until November 18 and adjourned the hearing on a plea filed by him to next month.
Brahmastra is a work of star-struck ambition and high-octane energy whose razzle-dazzle hits many happy notes, observes Sukanya Verma.
Sri Lanka's main Opposition parties on Sunday agreed to form an all-party interim government after the anticipated resignation of President Gotabaya Rajapaksa on Wednesday, following unprecedented political turmoil that forced him and Prime Minister Ranil Wickremesinghe to offer their resignations over the mishandling of the nation's crippling economic crisis.
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