The RBI on Friday said the impact of coronavirus outbreak on the economy will depend on the intensity, spread and duration of the deadly virus even as the central bank refrained from projecting any numbers for growth and inflation amid the widespread uncertainty. While announcing the seventh bi-monthly monetary policy statement for 2019-20, RBI Governor Shaktikanta Das said that in view of the impact of coronavirus pandemic, the growth projections for 4.7 per cent for the fourth quarter of 2019-20 and 5 per cent for the full fiscal are "now at risk".
The COVID-19 case fatality rate due to the coronavirus infection has further dropped to 1.66 per cent.
The report said resilience of the banks has increased with a sharp improvement in the provision coverage ratio to 60.6 per cent in March 2019 from 52.4 per cent in September 2018 and 48.3 per cent in March 2018.
The officials added that six houses were damaged in the intense shelling by Pakistani troopers.
'2018 has seen a bi-polar market.' 'Thanks to gains in some key stocks, market returns are positive. But there has been huge wealth destruction in the small and mid-cap space.'
Pegging the cost of the covid-19 lockdown at USD 120 billion (approximately Rs 9 lakh crores) or 4 per cent of the GDP, analysts on Wednesday sharply cut their growth estimates and stressed on the need to announce an economic package. The Reserve Bank of India (RBI), which is scheduled to announce its first bi-monthly policy review on April 3, is set to deliver a deep rate cuts and it should also be assumed that the fiscal deficit targets will be breached, analysts said.
The chief investigating officer told the court that he had not found any material evidence to show who the political beneficiaries were.
The court said it will pass its order after receiving a report from the Gujarat government whether it would be able to produce Kausar Bi, wife of Sohrabuddin Sheikh, who was branded as a Lashkar-e-Tayiba militant and killed in an encounter.
'If the BJP continues with Nitish as CM, it will not consolidate its position further in future.'
Boxing India (BI) on Thursday refuted allegations that junior women pugilists were subjected to pregnancy tests ahead of the upcoming World Championships, stating that only the eligible senior girls went through the tests as required by the International Boxing Association (AIBA).
Do you know Ashaji crooned a seductive night club song, Zooby Zooby Je L'aime Vous for An Evening In Paris?
The growth in emerging economies like India, China and Brazil, is expected to be much stronger than the industrial economies', an independent bi-partisan US Congressional report has said.
"Virtual currencies, also variously referred to as crypto currencies and crypto assets, raise concerns of consumer protection, market integrity and money laundering, among others," RBI said.
A special CBI court had in 2014 discharged Shah in the case.
Winning an election may be a breeze for the BJP but the aftermath of victory isn't always painless.
On Saturday also Pakistani forces had violated ceasefire after which Indian troops had retaliated damaging three posts and causing causalities to Pakistani army.
The Union health ministry on Tuesday said that aid received from other countries has been distributed in different states to help deal with the rising number of COVID-19 cases.
Boxer L Sarita Devi thanked Sachin Tendulkar, Boxing India and Sports Authority of India for supporting her.
Reserve Bank has lowered interest rates by 0.50 per cent since January 2015.
"The Pakistani army initiated unprovoked and indiscriminate firing of small arms, automatic weapons and mortars from 0515 hours in Poonch sector along the LoC," a defence spokesman said.
While banks are not as exposed as the corporate sector during the initial stage of the pandemic, the strain on lenders could ultimately be profound. Banks face a second-order hit compared with the corporate and household sectors.
The meeting, which comes just days before the next bi-monthly monetary policy review on June 3, lasted for about 50 minutes.
In the current financial year, the Centre released nearly Rs 1 lakh crore compensation to the states till September.
The attack took place at 1:20 pm in Hari Singh High Street market area.
Jaitley said if interest rates were lowered, the economy could grow faster than 7-7.5 per cent.
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The chairman of the International Boxing Association (AIBA) ad-hoc committee Kishan Narsi has reiterated in an e-mail communication that Boxing India stands provisionally suspended after the derecognised national body in a notification had scheduled its Annual General Meeting in Guwahati on October 3.
The 50-share NSE Nifty inched up 5.95 points, or 0.06 per cent, to 10,127.75 points.
The Reserve Bank of India on Thursday raised its inflation projection to 5.1-4.7 per cent for the second half of the current fiscal on the back of spike in prices of vegetables such as onion and tomatoes.
The MPC headed by RBI Governor Shaktikanta Das will announce the resolution of the meeting at around noon on Thursday.
RBi pushes for reinvigorating private investments, clearing infra bottlenecks and providing big thrust to Pradhan Mantri Awas Yojana.
Jaitley in his Facebook post titled: 'Who killed the Sohrabuddin Investigation' said that those who have recently shown a belated concern for institutional independence, "should seriously introspect as to what they did to the CBI when they were in power."
"We have carefully gone through the review petition and the connected papers, but we see no reason to interfere with the order impugned. The review petition is, accordingly, dismissed," the bench said.
Top laggards in the Sensex pack included Kotak Bank, ICICI Bank, HDFC Bank, Tata Motors, L&T, SBI, Tata Steel and Axis Bank, falling up to 3.46 per cent.
Top gainers in the Sensex pack included Yes Bank, TechM, Bajaj Finance, Bharti Airtel, Maruti, Asian Paints and Hero MotoCorp - rising up to 5.30 per cent. The 50-share Nifty ended 85.65 points, or 0.79 per cent, higher at 10,948.25 points.
'If my character is kissing her love, I am okay with that.' I wouldn't do unnecessarily a bold character for the popularity.'
The 14.15 km tunnel will provide all-weather connectivity to Srinagar, Kargil and Leh.
Finance ministry sources have countered CAG audit finding of central government wrongly retaining Rs 47,272 crore of GST compensation cess meant for states, saying temporary retention cannot be termed as diversion.
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