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"The country has taken an important decision with the inspiration of Sardar Patel, to walk a new path to resolve a decades-old problem," Modi said.
The successful orbiting of the satellites by the Polar Satellite Launch Vehicle PSLV C-40 comes four months after the Indian space Research Organisation's mission to launch backup navigation spacecraft IRNSS-1H onboard PSLV-39 ended in a rare failure.
FMCG firms such as ITC, Parle Products, Marico, Emami, PepsiCo India and CG Corp Global on Wednesday assured uninterrupted supply of their products based on the learnings from the last year's lockdown, even as surge in COVID-19 cases in India forced Maharashtra to declare a 15-day curfew while other states also imposing various restrictions.
Pragmatism and flexibility is a virtue. An untethered and short-term approach to policymaking is a flaw, argues Mihir S Sharma.
Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial year to 9.3 per cent saying that the second wave of coronavirus infections hampers economic recovery and increases risk of longer-term scarring. Moody's, which has a 'Baa3' rating on India with a negative outlook, said obstacles to economic growth, high debt and weak financial system contrain sovereign credit profile. The US-based rating agency had in February forecast a 13.7 per cent economic growth for the current fiscal (April 2021-March 2022).
The labour ministry has made public a list of 60 officers -- essentially labour commissioners in 20 regions across the country -- along with their e-mail address and contact numbers. They will deal with distress calls from workers who are working under the 'central sphere'.
Sarkar, who is also the home minister of the state, said his government was keeping a close surveillance on the functioning of the chit funds in the state and had enacted a rule for protection of the depositors.
The government on Wednesday ordered Twitter to immediately take down handles and hashtags that suggested a farmer genocide was being planned, saying such misinformation and inflammatory content will incite passion, and impact public order.
International pop star Rihanna on Tuesday extended her support to the ongoing farmers agitation while criticising the Internet shutdown at the protest site.
The fake handle was opened in June this year but was not used to tweet anything before August 20.
State-run Union Bank of India on Tuesday said it is hiring 5,000 employees this fiscal, including 300 specialised officers for its micro, small and medium business.
He said designs for special range of saris will be launched before Durga Puja.
The heavy rains that have lashed Uttarakhand over the past weekend, and the floods that followed, have blown the sails out of the hill state's fragile economy.
Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.
The Centre on Saturday issued fresh guidelines relaxing the nationwide lockdown, the fourth phase of which ends on May 31.
Like on Pegasus, like Covid, there have been no answers from the government about why the situation on the economy and India's future is where it is today, notes Aakar Patel.
'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'
Far more important than governance is to ensure how different states get necessary representation a'The pressure to expand the council of ministers will come from states where the BJP has formed a government after ousting the Congress,' predicts A K Bhattacharya.
This was the one Budget that required radical departures on all these fronts, when it had none, asserts, Shreekant Sambrani.
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
What will be its impact on the banks's balance sheets? Since banks need to provide for 10 per cent of the loans restructured, they would need Rs 50,000 crores to Rs 80,000 crore for this purpose, notes Tamal Bandyopadhyay.
The Rs 20 lakh crore package includes Rs 1.7 lakh crore package of free foodgrains to the poor and cash to poor women and elderly, announced in March, as well as the Reserve Bank's liquidity measures and interest rate cuts.
Major focus will be on adequately funding existing schemes to ensure their timely completion before the next General Elections.
The street-fighter attitude is what keeps Rane going even at 69. The expectation is -- at least in the BJP camp -- that he will be itching for a battle royale with the Shiv Sena in its bastions.
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
Union Minister Nitin Gadkari said opening of transport and highways will go a long way in instilling confidence among the public and cautioned towards maintaining social distance and adopting all safety measures like hand wash, sanitizing, face masks, etc while operating buses and cars.
Ahead of India's annual budget presentation next week, IMF's chief economist Gita Gopinath has favoured the extension of the pandemic support measures, thrust on investment in infrastructure and expanding health sectors programmes like Ayushman Bharat, and a very credible divestment path for commercially viable companies. The Indian government has provided a lot of schemes for small and medium enterprises, most of which is in the form of liquidity support, Gopinath told PTI on Tuesday. "And you want to revisit it and see how effectively that is working and see whether additional support may need to be provided," she said while responding to a question on her recommendations to Finance Minister Nirmala Sitharaman, ahead of her presentation of the annual Union Budget on February 1. It would be a good time for banks and Non-Banking Financial Companies (NBFCs) to raise capital given the attractiveness of financing conditions at this point, she said.
A direct contest between nominees of the BJP-led NDA and Congress-headed Grand Alliance is on the cards in 20 constituencies
ISIS militants have killed at least 14 Real Madrid fans at a supporters club in northern Iraq.
Bandhan has a strong presence in India's under-banked eastern and northeastern regions.
A large part of Maharashtra has been declared drought-hit. The government has failed to deal with the crisis, report Aparna Pallavi and Akshay Deshmane.
Finance Minister Nirmala Sitharaman on Tuesday held a review meeting on credit guarantee scheme with heads of public sector banks, and asked them to expedite loan disbursement under the Rs 3-lakh crore ECLGS for MSME sector, hit hard by coronavirus-induced lockdown. The meeting on Emergency Credit Line Guarantee Scheme (ECLGS) was held through video conference, and the minister appreciated the efforts of banks in execution of the scheme.
The minister gave an example of how in Kochi, the commercial capital of Kerala, there are shopping complexes and retail stores, but the blooming of such stores had no negative impact on the farmers and traders.
'Several businesses like entertainment, hospitality, travel etc would never be the same again.'
The BJP hailed teh package, saying it reflected the government's commitment towards creating jobs and stimulating the economy.
Shaidalin Marbaniang's eco-friendly napkins solve three problems -- accessibility, sustainability and also generates employment.
Bengal's ailing handloom brand 'Tantuja' is all set to get the personal touch of West Bengal Chief Minister Mamata Banerjee who will design the six yard wonder.
The new agri-infra fund, the duration of which will be 10 years till 2029, aims to provide medium-to-long term debt financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through interest subvention and financial support.
