Yunus, 84, was administered the oath of office by President Mohammed Shahabuddin at a ceremony at the presidential palace 'Bangabhaban'.
The Shanghai Stock Exchange has registered maximum fall (56 per cent) from its peak, while the benchmark index of the Bombay Stock Exchange dipped by as much as 40 per cent and the Manila Stock Exchange dropped by 39 per cent, registering the third largest fall. The report added that 'having lost one fifth to one third of their value, equity assets would appear to have greater upside rather than down side prospects.
A strong dust storm and gusty winds followed by rain hit Delhi-NCR on Friday evening, causing trees to be uprooted in several parts and leading to traffic congestion. Thunderstorms caused power disruptions in several parts of the city, primarily due to trees and branches falling on electricity cables. The India Meteorological Department (IMD) has issued an orange alert, recommending people stay indoors and avoid unnecessary travel.
Although the WPI-based inflation has been in the negative for two consecutive weeks, the Consumer Price Index, which measures movement in the prices that consumers pay, reported double-digit increase in May.
Prime Minister Narendra Modi on Saturday launched a scathing attack on the Congress party, accusing it of repeatedly "wounding" the Indian Constitution. He claimed that the Congress, driven by its "lust for power," has consistently undermined the principles of the Constitution. Modi, however, praised India's democratic journey since its independence, highlighting the country's strong democratic roots and its unwavering commitment to its founding principles. He underscored the importance of unity for India's future development and emphasized that the Constitution is the bedrock of that unity.
A bench comprising justices J B Pardiwala and R Mahadevan on April 8 gave a huge relief to the Dravida Munnetra Kazhagam-led Tamil Nadu government and cleared 10 state bills which were stalled and reserved by Governor R N Ravi for President's consideration, and also set a timeline for all governors to act on the bills passed by state assemblies.
Rajya Sabha member Kapil Sibal has criticised Vice President Jagdeep Dhankhar for questioning the judiciary over the timeline for the president to take decisions, calling it "unconstitutional " and a lowering of the dignity of the chair. Sibal asserted that Dhankhar's remarks are not neutral and amount to an attack on the judiciary by the executive. He also pointed out that the president acts on the aid and advice of the council of ministers, and therefore, the president's power cannot be curtailed. Sibal urged Dhankhar to seek a review of the judiciary's decision or an advisory opinion from the Supreme Court if he has problems with it. He also questioned why Dhankhar only focuses on actions taken during Congress governments and not after 2014.
India has reported 59 cases of Human Metapneumovirus (HMPV) and two deaths due to co-morbidities between January 6 and 29, according to Union Minister Prataprao Jadhav. The virus primarily affects young children, the elderly, and immunocompromised individuals, leading to respiratory illnesses. The government has taken measures to monitor and control the spread of HMPV cases and create public awareness.
Noting that these three Cs haunt Indian education today, the Congress Parliamentary Party chairperson said in an article that this "carnage" of India's public education system must end.
Having recorded about 9 per cent growth rate in three consecutive years since 2005-06, India's growth rate fell to 6.7 per cent during 2008-09 on account of the impact of the global financial crisis. India recorded a growth rate of 6.1 per cent during the first quarter of this fiscal.
A pack of stray dogs in Bahraich, Uttar Pradesh, has killed a 12-year-old girl and injured 14 people in the past 10 days. The situation has escalated to the point where the administration is advising residents to carry sticks when venturing out in the evening and urging parents not to allow children to go outside alone. The administration is conducting awareness campaigns and a sterilization drive to control the stray dog population. Authorities have also emphasized proper waste management to prevent strays from scavenging for food.
From bhikshus of Ashokan 3rd century BC and medieval Sufis to Oxfam, Omidyar and Soros now, non-State actors have any real power only when they work in conjunction with a real State, asserts Shekhar Gupta.
In 2007-08, the farm sector growth stood at 4.5 per cent, while it was 3.8 per cent and 5.9 per cent in 2006-07 and 2005-06, respectively. The report, which was released on Wednesday by outgoing council Chairman C Rangarajan, said the lower growth projection is in part due to the base effect of very high growth in 2007-08 and the weak South-West monsoon over peninsular, central and western India in July.
The gross GST collection rose 7.3 per cent year-on-year to Rs 1.77 lakh crore in December. The Central GST collection stood at Rs 32,836 crore, State GST at Rs 40,499 crore, Integrated IGST at Rs 47,783 crore and Cess at Rs 11,471 crore, according to government data released on Wednesday.
On Friday, Biden announced his intent to appoint 14 people to the advisory committee, which provides overall policy advice to the United States trade representative on matters of development, implementation, and administration of the US trade policy.
Civil society activist Aruna Roy, who has quit the Sonia Gandhi-led National Advisory Council over the issue of minimum wages, on Thursday said that she would go back to activism now in a total sense.Roy claimed she has no differences with the National Advisory Council.
Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.
On an average, PMEAC said economic growth could be around 6.5 per cent.
Prime Minister Narendra Modi's goal of making India a high-income economy by 2047 is unlikely to be achieved, but the country should become an upper middle-income nation by then, Financial Times chief economics commentator Martin Wolf said on Friday. Wolf further said that India would also become a superpower by 2047. "India wishes to become a high-income country by 2047.
The decision comes a day after Chief Minister Eknath Shinde said a government-appointed committee scrutinised 1.72 crore old documents (including those of Nizam-era) and among them, 11,530 records were found where Kunbi caste was mentioned.
'Subjecting each such creative content to scrutiny will impose burdens on the OTT platforms and impact user experience.'
India voted in favor of a United Nations General Assembly resolution that called for the withdrawal of Israel from the Palestinian territory occupied since 1967, including East Jerusalem, and reiterated the call for achieving a comprehensive, just and lasting peace in West Asia. The resolution, tabled by Senegal, was adopted with 157 nations voting in favor, while eight nations voted against it and seven abstained.
The Tamil Nadu government will constitute an 'economic advisory council' to the chief minister comprising Nobel laureates, former Reserve Bank of India governor and other economic experts from around the globe to advise the state on how to reverse the economic slowdown.
Life has come full circle for Nobel laureate Professor Mohammad Yunus, who faced persecution during Sheikh Hasina's regime for embezzlement, is now all set to head of the interim government in Bangladesh after she resigned and fled the country.
The government on Friday appointed Suman K Bery as the vice chairman of Niti Aayog, following the sudden resignation of Rajiv Kumar.
The government on Monday issued an advisory for rational use of Remdesivir in COVID-19 treatment, underlining that the anti-viral drug must be advised by senior faculty members directly involved in the patient's care.
According to a top ICC source, the decision was more or less finalised during an informal meeting between the body's new president Jay Shah and the Board of Directors, including Pakistan, at its headquarters in Dubai on Thursday.
The corporate affairs ministry has asked its field officers to expedite the inspection of the books of Byju's and submit the report, a senior official said on Monday as trouble continues to brew at the edtech firm. The ministry, which is implementing the companies law, will decide the further course of action after receiving the report from its regional office. In July 2023, the ministry had asked the office of the regional director in Hyderabad to conduct an inspection of the company Think & Learn Pvt Ltd, which is registered in Bengaluru.
The government has decided to hold off introducing the production-linked incentive (PLI) scheme for additional sectors until it verifies the efficacy of existing initiatives. Top government officials have received mixed feedback on the scheme, including insights from the Economic Advisory Council to the Prime Minister, people aware of the matter said. "There are no new PLI schemes in the offing.
Using the same methodology as the EAC-PM study, the fastest-growing religious population is, in fact, the Buddhists. The Buddhist population increased by over 1,600 per cent between 1950 and 2015.
Muslims' share in the reservation will keep on increasing also because of "conversion and infiltration because they are having a secular cover from them (the Congress)", he added.
It is important to note that neither of the patients have any history of international travel, the ministry underlined.
Three new categories -- all asymptomatic healthcare workers working in non-COVID hospitals/areas of COVID hospitals/blocks, asymptomatic frontline workers such as surveillance workers deployed in containment zones and paramilitary/police personnel involved in COVID-19 related activities -- have now been included.
In a statement, the Population Foundation of India said it is deeply concerned about recent media reports "misreporting" the findings from the study to spread alarm regarding the growth of the Muslim population in the country.
The corporate affairs ministry has ordered an inspection of the books of Byju's, a senior government official said on Monday amid the edtech major facing multiple headwinds, including delay in submitting financial statements and concerns over corporate governance issues. The inspection of Bengaluru-based Think & Learn Pvt Ltd, which operates under the brand Byju's, will be carried out by the ministry, which is implementing the companies law. The ministry decided to carry out the inspection after taking note of the developments, including that the company has been unable to finalise its financial statements and that its auditor has resigned, the official told PTI.
'They have got the advisory council, a CEO has been appointed finally, and they have made some headway on the term loan B.'
'The Indian government is better prepared this time and has reached out to all contenders and not putting all eggs in one basket.'
In a letter signed by 16 of 17 committee members including two Indian-Americans Jhumpa Lahiri and Kal Penn, they said reproach and censure are necessary following Trump's "support of the hate groups and terrorists who killed and injured fellow Americans in Charlottesville."
It also advised testing on demand for 'all individuals undertaking travel to countries or Indian states mandating a negative COVID-19 test at the point of entry'.
The newly-elected executive council of the Indian Olympic Association constituted a three-member advisory panel, on Thursday, which will guide the office-bearers on problems faced by athletes. It also formed a nine-member Athletes' Commission.
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