China on Monday said Sri Lanka has allowed its satellite and missile tracking ship to berth at the Hambantota port on Tuesday, but declined to reveal details of talks with Colombo leading to the bankrupt island's government reversing its earlier stand to defer the high-tech vessel's entry.
Reserve Bank Governor Shaktikanta Das on Monday said despite the latest headwinds arising from the Jackson Hole summit leading to extreme volatility, our banking system and financial markets are strong enough to withstand such pressures. Taking the markets by surprise, US Fed chair Jerome Powell had told the annual Jackson Hole summit of central bankers and economists last week that he would have to keep raising federal fund rates to tame inflation, which remains the biggest challenge to the world's largest economy. He also warned of the pains that such monetary policy actions would create on growth and jobs.
The violence occurred following reports on Monday that Mahinda Rajapksa may offer to stand down as Prime Minister.
The rupee appreciated 7 paise to 79.74 against the US dollar in early trade on Thursday as a positive trend in domestic equities supported the local unit. However, a strong American currency overseas and forex outflows restricted the rupee's gain, dealers said. At the interbank foreign exchange, the rupee opened at 79.72 against the American dollar, then went lower to trade at 79.74 against the greenback in early deals, registering a gain of 7 paise over the last close.
And, of course, create wealth over the long-term
Gold is the first product for options trading that markets regulator Sebi has allowed after 14 years of commodity exchanges in the country.
The RBI refuses to classify a cryptocurrency as an asset since it doesn't have future cash flow and its value is always fluctuating because of speculation. There is also no consumer protection, observes Tamal Bandyopadhyay, and hence the e-rupee trial run.
The virtual meeting between the two leaders came in the midst of some disquiet in Washington over India's position on the Ukraine crisis as well as its decision to procure discounted Russian oil.
'What is most distressing is that the revival of the economy, creation of more employment, and reducing poverty are not on the agenda of the government at all.' 'We are an economy on the verge of a demographic disaster.'
Members of the Monetary Policy Committee (MPC) felt that though the Indian economy was resilient in the third wave, it, however, lost some momentum and with inflation likely to soften, there is room to continue with the accommodative stance and support revival, the minutes of the MPC meeting released on Thursday revealed. The six-member MPC voted to keep the policy rate unchanged and continued with the accommodative stance at its meeting on February 10. However, external member Jayanth Verma voted against the stance because he felt a switch to neutral was long overdue and the current stance has become counterproductive and deflects focus away from addressing recessionary trends that date back to at least 2019.
The government is looking at tweaking provisions of the Indian Contracts Act of 1872 to bring agreements between farmers and companies under its ambit, aiming to prevent exploitation of farm people.
There is disquiet and discomfort in the citizenry that can be touched and felt. No one is talking, but then, the Indian voter has not talked much -- with the conviction that all that goes up has to come down, observes N Sathiya Moorthy.
'Top lines will grow, volume growth will be there, but margins might also be impacted.'
It will bear fruit in the next five years, which is why FDI is so strong. The foreigners clearly know what Indians don't, asserts T C A Srinivasa-Raghavan.
Sixty-eight people have died due to varied reasons while protesting against the Centre's farm laws at the state borders with Delhi, Haryana Home Minister Anil Vij told the Assembly in Chandigarh on Monday.
The high-level panel also asked the government to work towards re-orienting subsidies in a targeted manner from the crop sector to the non-crop sector and redesign the electronic National Agriculture Market.
Prime Minister Narendra Modi on Friday squarely blamed those with political agenda for the deadlock in the Centre's talks with protesting farmers.
'The approach today is, instead of giving loans to 100 MSMEs, let us give one loan to a big-ticket corporate.' 'And so many of these big fish deceived the banks and the banks are in the doldrums now with high NPAs.'
The 'ghar wapsi' was marked with celebratory atmosphere at Ghazipur border, where protestors, chiefly members and supporters of the Tikait family-led Bharatiya Kisan Union (BKU), danced to patriotic and regional tunes hailing the farming community.
'It is going to be a tough balance for the RBI to manage economic stability and ensure smooth government borrowing.'
Her statement came ahead of a crucial round of talks scheduled to be held between the Centre and representatives of the agitating farmers during the day.
Magistrate KC Rajput of Bandra court had granted bail to Vishal Kumar Jha, Shweta Singh and Mayank Agarwal on April 12, while it had denied bail to other accused Omkareshwar Thakur and Neeraj Singh.
'For the first time, all major countries are discovering India's indispensability to their own foreign policy interests.'
Union Home Minister Amit Shah on Thursday had a meeting with Delhi Police Commissioner S N Shrivastava, ahead of the 'chakka jam' announced by farmer unions protesting against the three agri laws at Delhi's borders, sources said.
Taking to Twitter, the Delhi chief minister said peaceful demonstration was a constitutional right of the farmers.
Sri Lankan Prime Minister Mahinda Rajapaksa resigned on Monday, hours after his supporters attacked anti-government protesters outside embattled President Gotabaya Rajapaksa's office, leaving at least 78 people injured and prompting authorities to impose a nationwide curfew and deploy army troops in the capital.
The Reserve Bank's rate-setting panel began its three-day deliberations on Monday to decide the next monetary policy amid expectations that the central bank will maintain status quo on the benchmark interest rate in the backdrop of global scare due to the new coronavirus variant Omicron. Reserve Bank Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Wednesday. If the RBI maintains status quo in policy rates on Wednesday, it would be the ninth consecutive time since the rate remains unchanged.
The government plans to bring down its stake to 26 per cent in these two banks, which are yet to be identified. This may not come in the way of getting investors for these banks, provided the government is willing to step back rather than run them the way it had been doing for over five decades since these banks were nationalised, points out Tamal Bandyopadhyay.
The BJP is beating the development drum this time more loudly to overcome many other hurdles besides anti-incumbency. While the party is claiming it is looking for a much bigger victory than in 2017, BJP observers are not too sure about it, reports Shishir Prashant.
India's Permanent Representative to the UN Ambassador T S Tirumurti said India remains on the side of peace.
According to a police official, the incident occurred when Grover along with the local BJP leaders reached the temple complex as part of their plan to watch from there the live telecast of Prime Minister Narendra Modi unveiling a statue of Adi Shankaracharya at the seer's rebuilt samadhi in Kedarnath.
'The cabinet approval is a logical step. It doesn't hold any more significance than what we have already stated on November 19.'
'Everything here is 'sewa'. We saw so many children from neighbouring slums roaming around for food, and thought why not also help them keep engaged in a constructive way'
'We felt it is our responsibility to stand by the farmers' and extend support of the whole of Maharashtra, Shiv Sena and Uddhav Thackeray saahab'
India's Planning Commission has 31 divisions and seven attached offices, which include the Unique Identification Authority of India and Independent Evaluation Office.
To maintain law and order during the farmers' tractor parade, thousands of security personnel had been deployed at several border points.
The Rashtriya Loktantrik Party (RLP), a constituent of the ruling National Democratic Alliance at the Centre, has extended its support to the call for Bharat bandh on December 8 by farmer groups protesting against three recent farm sector laws.
'Investors should be careful in getting carried away; although a reversal of IPO frenzy this time is taking longer than in the past.'
As the country moves towards creating a spot gold exchange, markets regulator Sebi's whole time member G Mahalingam on Wednesday suggested routing all the imports of the precious metal through the exchange ecosystem in the future. Such a "funnelling" would ensure that gold monetisation takes place right at the source as the metal enters the country, he said while addressing a conference organised by industry lobby Ficci. However, he also noted that the issue has not been dealt with in the papers floated by Sebi.
While the tax treatment does legitimise past crypto transactions, there is a possibility that any, or all, private cryptocurrencies will be banned in future.
