The year 2022 saw the Reserve Bank of India (RBI) start acting on the policy repo rate after a gap of two years. The six-member monetary policy committee of the RBI reduced interest rate sharply - by 115 bps - when Covid-19 struck in 2020. In March 2020, days after the nationwide lockdown was announced, MPC in an unscheduled meeting reduced the repo rate by 75 bps, followed by another 40 bps in May. Status quo was maintained for the next two years since the May repo rate hike.
'A girl on Instagram got very angry with me and wrote, 'Yeh toh shakal se he harami lagta hai, yeh real life mein bhi harami hi hoga.'
'I have the qualification every actor would love to have: A Buddhadeb actor.'
'Look at Mr Modi. He is a part of this new middle class.' 'India has never before seen this kind of social mobility, certainly not since medieval times.' 'As a result, India's entrenched elite, which is a class of people with a strong sense of entitlement, is being tamed,' Sanjeev Sanyal tells Shyamal Majumdar and Arup Roychoudhury.
While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.
With solid actors headlining the cast and supporting actors lending good support, The Broken News is a good weekend binge watch, observes Namrata Thakker.
VJ-actor Cyrus Sahukar married longtime girlfriend Vaishali Malahara in Alibaug on Friday.
Samajwadi Party patriarch Mulayam Singh Yadav is among six personalities chosen for this year's Padma Vibhushan.
The Indian economy is likely to witness close to double-digit growth in the current fiscal year despite the second COVID-19 wave ravaging the country, Principal Economic Adviser (PEA) Sanjeev Sanyal said on Wednesday. The economy is slowly getting back to normalcy as the number of COVID-19 cases is declining, he said while participating in India Global Forum event. "We are probably going to see close to double-digit, if not double-digit (growth) in this financial year," he said.
The post-mortem reports of the two Dalit minor sisters who were found hanging from a tree in Uttar Pradesh's Lakhimpur Kheri district confirmed that they were raped and strangulated, the police said on Thursday.
Cricket icon Mahendra Singh Dhoni and industrialist Anand Mahindra were on Thursday named in a 15-member panel constituted by the defence ministry to carry out a comprehensive review of the National Cadet Corps (NCC) in order to make it more relevant.
AAP candidates from Mumbai, Medha Patkar and Meera Sanyal, are poised to play a crucial and complementary role. While Patkar gives voice to the suffering of people at the grassroots, Sanyal is articulating the key principles that could build a more just and equitable society or economy, says Rajni Bakshi.
'There's another side, where men have become victims of some women's evil plans.'
Humans will work far more collaboratively with artificial intelligence for rapid and complex decision-making.
If you're a Vidyut Jammwal fan, then check out Sanak, else his latest outing fails to impress in every department except for action, observes Namrata Thakker.
India's Gross Domestic Product (GDP) is expected to expand by 9.2 per cent in the current financial year, according to the Economic Survey 2021-22 tabled in the parliament on Monday. "Advance estimates suggest that the Indian economy is expected to witness real GDP expansion of 9.2 per cent in 2021-22 after contracting in 2020-21. "This implies that overall economic activity has recovered past the pre-pandemic levels," Economic Survey noted. Almost all indicators show that the economic impact of the "second wave" in Q1 was much smaller than that experienced during the full lockdown phase in 2020-21 even though the health impact was more severe, it said.
India is in the process of filing an appeal against an arbitration panel asking it to return $1.2 billion to British oil firm Cairn Energy Plc, sources said on Wednesday. If enforcement proceedings are initiated, India is confident to address them and will strongly defend its interests, the sources said, adding it is open to a constructive settlement of tax disputes within the existing legal framework. India is in the process of filing an appeal in the Cairn's arbitration award case, they said, adding in this case, it was well within India's sovereign powers to redress the situation of Double Non-Taxation and tax abuse. Cairn chief executive Simon Thomson had last month met the then finance secretary Ajay Bhushan Pandey to discuss the arbitration award.
Shreyas Talpade plays the titular role with aplomb, applauds Deepti Patwardhan.
So what's coming up in October? Joginder Tuteja lists the releases of the month.
India Inc on Thursday pitched for continuation of reforms while ensuring tax and policy stability in the forthcoming Budget to prop up the economy hit hard by the COVID-19 pandemic. In the virtual pre-Budget consultation held with Finance Minister Nirmala Sitharaman, industry chambers said that government measures will help firmly entrench the nascent signs of recovery being currently seen in private investment. Capital expenditure by the government through enhanced infrastructure spending should in the meantime continue to support growth, CII president TV Narendran said.
Jabariya Jodi is slated to release on July 12.
Markets regulator Sebi on Wednesday imposed a penalty of Rs 5.25 crore on Cairn India for making a misleading announcement regarding the buyback of shares in 2014. In addition, the regulator levied a fine of Rs 15 lakh each on P Elango, who was the CEO and director of Cairn, Aman Mehta, who was the director on the company's board, and Neerja Sharma, who was director (risk assurance) and company secretary, Sebi said in an order. These three officials had signed the public advertisement regarding the buyback in January 2014 and facilitated the company in making the misleading announcement.
The bench said that validity of criteria of Rs 8 lakh for determination of EWS for future years will be subject to final adjudication of the batch of petitions and listed the pleas for final hearing on March 5.
As a young Congress MP hopes to score a rare hat-trick, he confronts the hope held out by a new party and its earnest candidate. Rediff.com's Swarupa Dutt reports from one of the nation's most high profile constituencies. Photographs: Reuben NV/Rediff.com
What Meera Sanyal has learned from her unsuccessful 2009 Lok Sabha campaign. In her own words.
Banker-turned-politician Meera Sanyal on why she joined politics, her plans for South Mumbai, women's empowerment and the promise of the Aam Aadmi Party.
Petrol and diesel prices were hiked by 60 paisa per litre on Monday, for the second day in a row, as State-owned oil firms reverted to daily price revisions after an 83-day hiatus. Petrol price in Delhi was hiked to Rs 72.46 per litre from Rs 71.86 on Sunday, while diesel rates were increased to Rs 70.59 a litre from Rs 69.99, according to a price notification of state oil marketing companies.
Dealing with the validity of OBC quota, the bench said, "Merit cannot be reduced to narrow definitions of performance in an open competitive examination which only provides formal equality of opportunity. Competitive examinations assess basic current competency to allocate educational resources but are not reflective of excellence, capabilities and potential of an individual which are also shaped by lived experiences, subsequent training and individual character."
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
The government said that the panel has recommended that family income is a "feasible criterion" for defining EWS and in the current situation, a threshold of Rs 8 lakh of annual family income seems reasonable for determining EWS.
In an online chat with Get Ahead reader Shekhar Sanyal, Country Head, Institution of Engineering and Technology for India discussed career opportunities for fresh engineers. He also gave them advice on how they could make an impression in the job market.
ABN Amro Bank's India chief Meera Sanyal also said she expected inflation to reduce after October. Sanyal also said there has been a slight increase in increase in delinquencies in the credit card and personal loan portfolios of banks and attributed it to higher interest rates.
Anand marked the first of Hrishikesh Mukherjee's 3 historic collaborations with Rajesh Khanna, the other two being Bawarchi and Namak Haraam. Anand is without a shred of doubt Rajesh Khanna's career's finest performance. Just how he got the role is story of its own, reveals Subhash K Jha.
A security guard has been arrested in connection with the brutal rape and murder of a woman in Mohanlalganj area of Lucknow, a senior police official said on Sunday.
The Commission said it is issuing the clarification 'in view of the anecdotal reports which are not based on empirical facts'.
Naxal leader and Kanu Sanyal's friend Ashim Chatterjee speaks about Kanu Sanyal's life and death.
The firm says people can earn as much as Rs 90,000 a month
Bobby Deol, on a comeback trail of sorts, is far more surefooted as the devious godman, smoothly transforming from genuine to shady, than his deadpan cop in the recently released Class of '83, feels Sukanya Verma.