The defence ministry has taken the Election Commission's approval for appointment of a new navy chief after Admiral D K Joshi resigned on moral grounds after frequent mishaps in the force.
The sudden resignation by Admiral D K Joshi as navy chief in the wake of a spate of mishaps has been treated by the government as "voluntary retirement, which will ensure that he will not be deprived of any retirement benefits.
Two officers, who went missing on Wednesday on the accident-hit INS Sindhuratna submarine, are confirmed dead.
The commanding Officer of INS Sindhuratna will face court martial while 6 other officers were issued letters of "severe displeasure" after being found guilty for the fire onboard the submarine last year, which led to the resignation of then Navy chief Admiral D K Joshi.
The NGT has asked the Centre to respond to the plea of an environment enthusiast alleging that large-scale burning of municipal solid waste in Agra was turning the Taj Mahal yellow.
A Torpedo Recovery Vessel of the Indian Navy sunk off the Visakhapatnam coast on Thursday during a naval exercise, killing one sailor while four others went missing.
A second submarine berthed near INS Sindhurakshak submarine that exploded and sank was saved from a possible disaster thanks to an alert senior Mumbai Fire Brigade officer who was near the mishap spot.
Analysts on Wednesday welcomed the Reserve Bank's decision to grant bank licences to Bandhan and IDFC, but expressed dismay that only two of the over two dozen aspirants made the cut.
Defence Minister A K Antony on Thursday said he had met Prime Minister Manmohan Singh and consulted "everybody" before accepting the resignation of an "upset" Admiral D K Joshi as Navy Chief in the wake of Wednesday's submarine mishap.
'Admiral D K Joshi's resignation is certainly an example worthy of emulation by anybody who is in a leadership role. Unfortunately, over the last 30, 40 years, I can think of very few politicians or bureaucrats who could be termed real "Leaders". Without leaders, where will there be leadership?' asks Vice Admiral P J Jacob (retd), former Vice Chief of the Naval Staff.
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Navy Chief Admiral D K Joshi, while speaking about the explosion on board the Indian Navy's submarine INS Sindhurakshak, said there was "nothing to be hidden if there were any errors" behind the incident.
What stocks will gain from a normal monsoon?
The GDP slumped to a three-year low lagging China for the second straight quarter -- as manufacturing slowed ahead of the GST launch amid demonetisation effect.
After stepping up attacks on the Union government over India's participation in the Commonwealth Heads of Government Meeting in Sri Lanka last month, chorus is mounting in Tamil Nadu among opposition parties over the country's offer to train Sri Lankan Naval personnel.
Efforts by divers on Thursday to ascertain the fate of 18 trapped Naval officers and men in submarine INS Sindhurakshak that exploded after a fire were hampered by poor visibility inside the submerged warship as heat generated by the blasts had melted parts of the internal hull preventing access to compartments.
PM's announcement were focused on those most affected by the note ban.
Experts said the higher pay out will boost consumption demand.
Officials in the weather department said the monsoon is expected to be below normal because of the El-Nino effect.
Robin K Dhowan on Thursday took over as chief of the Indian Navy nearly two months after D K Joshi quit the post in the wake of a series of mishaps.
Power generation and distribution is the most indebted sector
Home Minister Rajnath Singh said that the decision could cost the government roughly Rs 15,000 crore.
The growth in eight infrastructure industries slowed to 2.3 per cent in May mainly due to contraction in crude oil, natural gas, coal and fertilizer output.
The Consumer Price Index hit the lowest in six months in March at 4.83 per cent.
Four navy personnel, including an officer, remained missing on Friday after a vessel sank off the Vishakhapatnam coast on Thursday night and a full scale search is underway to trace them besides.
There is a narrow chance that the central bank may cut rates in the future, according to a poll of 15 economists and treasurers.
The report mentioned that the government spends 2.2 per cent of the GDP on pension bill.
Prime Minister's key economic advisor C Rangarajan on Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures including further liberalisation of foreign direct investment norms to improve economic condition.
Naval divers on Friday found bodies of three naval personnel from ill-fated submarine INS Sindhurakshak, which exploded and sank at the Mumbai dockyard early Wednesday.
The Indian Navy on Thursday released the names of the 18 crewmen who were present in INS Sindhurakshak, the submarine that exploded on Wednesday.
This was the near-unanimous replies of 10 market participants.
Eight infrastructure industries have posted a growth rate of 8 per cent for September on account of good performance by crude oil, steel and electricity sectors.
A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation
The sinking of INS Sindhurakshak is the worst accident in India's 47 years of submarine operations history and a big setback to its submarine operations, reports RS Chauhan
The central bank had nudged banks to cut lending rates.
Launching a fresh attack on Defence Minister A K Antony, Narendra Modi on Tuesday charged that the country's defence had suffered seriously during his stewardship and said he owed an explanation to the people for this.
The IMD attributed the projection to a weakening of El Nio and the Indian Ocean Dipole turning positive.
'It is obvious that the lakhs who come to see it do not see it through the prism of religion,' says Jyoti Punwani.
Though it is likely gross domestic capital formation increased in the quarter ended June, against declines in the previous two quarters, a significant revival in investment might take a few quarters more, economists say.
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The agency also warned the government of overshooting the fiscal deficit target at 4.8 per cent due to poor revenue growth and pegged it at 5.2 per cent this fiscal.
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