The coronavirus-induced suspension of scheduled international passenger flights has been extended till July 31, aviation regulator Directorate General of Civil Aviation said.
Actor-turned politician Kamal Haasan would make his electoral debut, contesting from Coimbatore South constituency in the April 6 Tamil Nadu assembly elections.
Sounding a note of caution, former Reserve Bank Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth. Rajan said that sequential slowdown in the quarterly growth, as revealed by the latest estimate of national income released by the National Statistical Office (NSO) last month, was worrying. Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4 per cent.
'If you look at the order books of capital equipment companies or money deployed on the ground, there is forward movement in terms of actual investment by the private sector.'
A cyclonic circulation lies over north coastal Tamil Nadu, southeast of Bay of Bengal and a low pressure area is likely to form by November 9, the Meteorological department said on Sunday and has forecast widespread rainfall for at least the next three days in the state.
A person who has cancer and doesn't have any health insurance will find it difficult to buy a regular hospitalisation cover. An indemnity-based cancer plan may cover them.
The government on Wednesday reconstituted the Economic Advisory Council to the Prime Minister (EAC-PM) under existing chairman Bibek Debroy, for a period of two years. V Anantha Nageswaran has been dropped, Rakesh Mohan (former deputy governor of RBI), Poonam Gupta (director general of NCAER) and TT Ram Mohan (professor, IIM Ahmedabad) have been appointed as part-time members of the reconstituted EAC-PM. The other part-time members of the Council include Sajid Chenoy, Neelkanth Mishra and Nilesh Shah.
India, he said, has already taken a host of reforms in banking and other sectors and is now focussing on stepping up public investment. "Compared to other nations, even among advanced countries, I think India is relatively better placed for the simple reason that India paid a certain price last decade... we had a banking system stress which was then compounded by stress in the non-banking financial sector towards 2018," he said at Amazon Smbhav Summit.
'This government has always been fiscally conservative. It never resorted to fiscal profligacy.'
The Madras high court on Wednesday set aside an order of the previous AIADMK regime to convert late Tamil Nadu Chief Minister J Jayalalithaa's residence, 'Veda Nilayam' in Chennai as a memorial.
Chief Economic Adviser V Anantha Nageswaran on Thursday said cryptocurrencies are akin to 'a world of Caribbean pirates' in the absence of a centralised regulatory authority and are yet to pass the test of a fiat currency. He said that the government is pursuing a 'high-wire balancing act' to ensure that the gains in growth, inflation, and rupee stability of the last four years are not frittered away. He said the recent development in Terra-Luna cryptocurrency, which witnessed a massive meltdown last month, is a 'very important cautionary tale'.
'They sent a message that I will not be given the ticket and ordered me to issue a statement -- Gujarat style -- that with immediate effect I was retiring from politics.' 'They were treating me like a political novice who would be pushed around on the order of vested interests.' 'This rude behaviour hurt a lot. It was then I spontaneously decided that I will challenge this dictatorial order and expose all those who want to hurt Lingayat pride in Karnataka.'
India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.
The banking sector in the country is stable, capital is available and credit offtake is poised to take off, he said at a webinar organised by Bharat Chamber of Commerce. "We are not unique to the phenomenon of uncertain growth and high inflation due to the pandemic.
At present, there are 4,94,657 active cases in the country which comprise 5.73 per cent of the total caseload
Intense showers battered Chennai and other northern regions of Tamil Nadu on Thursday while the depression over Bay of Bengal crossed the coast by evening.
The members of the Kerala Council of Churches (KCC), an ecumenical body of churches in the southern state, will conduct the protest march from the Martyr's Column to the Secretariat, the administrative hub in Thiruvananthapuram.
Samples of six other people, who tested positive for the coronavirus after arriving in Kalyan-Dombivli area of Thane district from different countries, have been sent for genome sequencing and the results are awaited, another official said.
The district sessions court, which is hearing the sensational Kodanadu heist and murder case, on Friday adjourned it for September 2 following argument by All India Anna Dravida Munnetra Kazhagam lawyers that the case cannot be taken up as another case is pending in Madras high court in this regard.
A book revolving around Prime Minister Narendra Modi's work and political and governance model with various chapters written by domain experts, his Cabinet colleagues and leading faces in different walks of life, is set to hit the bookstores next month.
The Madras High Court on Tuesday dismissed as not maintainable, a public interest litigation (PIL) petition challenging the organisational polls of the opposition AIADMK, where incumbents O Panneerselvam and K Palaniswami were elected unopposed as Coordinator and Joint Coordinator, respectively, of the party.
The wait for India to become a $5-trillion economic powerhouse by 2024-25 (FY25) is going to take longer than what the finance ministry had originally intended, according to the International Monetary Fund (IMF). The vision will instead be achieved in 2028-29 (FY29), reveals the IMF data, illustrating a four-year delay. Chief Economic Advisor (CEA) V Anantha Nageswaran had in February said India would become a $5-trillion economy by 2025-26 or the following year, on the back of 8-9 per cent sustained growth rate in real gross domestic product (GDP). However, the IMF data conveys that the economy will be $4.92 trillion in FY28, clearly alluding to the fact that the target will be realised in FY29.
The pre-budget Economic Survey, which is tabled in Parliament ahead of the Union Budget to present the state of the economy and suggest policy prescriptions, quite often misses on the GDP forecast, sometimes by a significant margin. This time, Finance Minister Nirmala Sitharaman will table the Economic Survey for 2021-22 in the Lok Sabha on Monday soon after the President's address to both Houses of Parliament. She will present the Union Budget for the next financial year beginning April 1, 2022, on Tuesday.
More than 300 coastal security exercises have been conducted with state authorities post the 26/11 Mumbai terror attack to beef up the country's security, Indian Coast Guard Director General K Natarajan said on Thursday.
C Shamshuddin was ruled out as the on-field umpire for the remainder of the ongoing Ranji Trophy final after getting hit around the lower abdomen area on the opening day of the title clash between Bengal and Saurashtra, in Rajkot, on Tuesday. Shamshuddin did not take the field on day two after the pain aggravated overnight and he went for a check-up in a local hospital on Tuesday morning.
The Justice A Arumughaswamy Commission of Inquiry that probed the circumstances leading to Jayalalithaa's death in 2016, in its concluding remarks said that V K Sasikala, the late Chief Minister's confidante, 'have to be found fault with and investigation is to be ordered'.
The death toll climbed to 4,73,757 with 220 fresh fatalities.
The Tamil Nadu government on Sunday said it was mandatory for people coming from Kerala, to the state to carry a negative RT-PCR test report or vaccination certificate of two COVID doses from August 5, in the wake of a spike in infections in the neighbouring state.
Breaking his silence, Tamil superstar Rajinikanth on Thursday said he has been advised against entering politics by doctors as he had undergone a kidney transplant, and due to the coronavirus pandemic.
In further easing of restrictions, the government on Wednesday permitted Indian airlines to increase the number of domestic passenger flights to 60 per cent of their pre-Covid services, according to an official order.
A gated community in Sholinganallur in Chennai has emerged as the second major Covid-19 cluster, seen as different from the first one at Kilpauk which was a religious gathering.
Jayalalithaa was the third chief minister in Tamil Nadu to die in office, after her mentor M G Ramachandran (1987) and before that his mentor C N Annadurai (1969). The state government should have evolved protocols for the medical care of the incumbent, and institutional memory should have guided the government and officials in the matter, points out N Sathiya Moorthy.
The company said that while the first quarter numbers were at the pre-pandemic levels, it saw a growth of 34 per cent in sales compared to the April to June period of 2020.
The Palaniswami government is expected to utilise the Rangarajan Committee's recommendations before the 2021 assembly election.
The Central Board of Secondary Education (CBSE) on Thursday notified its policy for evaluation of Class 12 students which will be based on a combination of marks scored in classes 10, 11 and pre-board exams and informed the results will be declared by July 31.
Party insiders concede statements of the Raja kind have the potential to hurt the DMK's electoral chances in closely-fought seats in 2024, observes N Sathiya Moorthy.
Presenting the best food pics shared by our readers this week.
'Mortality or hospitalisation has not increased in South Africa because of the new variant.' 'There is nothing to show so far that it is more infectious.' 'I am of the opinion that at the moment, there is no reason to panic.'
The health ministry stressed that more than 70 per cent of the deaths occurred due to comorbidities.
Though India's airlines are certainly bleeding, they haven't yet faced the ignominy of shutting down.
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