The government on Monday appointed three eminent economists Ashima Goyal, Jayanth R Varma and Shankanka Bhide as members of the rate-setting Monetary Policy Committee of the RBI
The Trinamool Congress on Monday wrote to Kolkata Police Commissioner Soumen Mitra seeking 'necessary action' under the law against the Central Bureau of Investigaton officials who arrested three senior party leaders 'illegally'.
Prime Minister Narendra Modi is on a two-day visit to Varanasi to inaugurate the Kashi Vishwanath Corridor project.
The ruling party appears set to form the government in Uttarakhand again, the first time in the state's 21-year history that a party will come to power for a second term in a row.
There is as yet no clarity on how the process of consulting with the RBI Governor, initiated under Section 7 of the RBI Act, would unfold in the coming days. The government is keen that its suggestions made in the public interest should be heeded by the central bank, says A K Bhattacharya.
'The fact that she kept her faith in the power of doing good all through the thick and thin in her life, that she worked sincerely for the upliftment of the tribals, the downtrodden and the backwards, is one of the most inspirational aspects of her life.'
Sachin Tendulkar paid tribute to Shane Warne after the Australian leg-spinner passed away at the age of 52
The Amarnath pilgrimage resumed on Monday after remaining suspended for three days following flash floods that claimed 15 lives, while the Jammu and Kashmir administration said it would get a clear picture by Tuesday about the damage.
Dhami is often regarded as a protg of Maharashtra Governor and former Uttarakhand chief minister Bhagat Singh Koshyari, whom he served as an Officer on Special Duty and an adviser.
The additional cash will now give the Centre more headroom for stimulating the economy.
Is it a divine, sacrosanct university, a holy cow, prohibiting human intervention?
The auction is being conducted through web portal pmmementos.gov.in and it has one section that lists items under the head 'Most Participated Auction'.
If indeed the issues involved between the government and RBI are of immense public interest, why not make public the arguments of both the government and the RBI, irrespective of the outcome of the process, says Tamal Bandyopadhyay.However, the Act is silent on what happens if the governor's views differ from that of the government. If Patel does not want to budge from his stance the government can either see merit in the Governor's arguments and decide against going ahead with its plan or overrule him. My guess is that the issues raised by the government need to be sorted out not at the November 19 board meeting but between the Governor and the government, says Tamal Bandyopadhyay.
"I think, this is something that all Indians should be concerned about because strength of our institutions is really important for our growth, sustainable growth and equity in the economy," said Rajan.
More than 8,000 pilgrims on Monday paid obeisance at the holy cave shrine.
Highly-placed sources in the government say that none of the senior ministers had any inkling of Patel's resignation
The reversal of Trump's policy with regard to Iran, like the withdrawal from the Paris Agreement, may not be a matter of just turning the clock back, but one of patient negotiations, with uncertain consequences in the post-COVID-19 world, observes Ambassador T P Sreenivasan.
Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.
'If you were to say today that the government should appoint judges to the high courts and Supreme Court, then I think that even those few good judges that we are getting today we would not get them.'
The death toll in the Uttarkashi bus accident rose to 26 with the recovery of one more body after which the search and rescue operation was concluded, officials said on Monday.
RBI Governor Shaktikanta Das on Thursday said financial inclusion will continue to be a "policy priority" for the central bank to make the post-pandemic recovery more equitable and sustainable. The Reserve Bank of India will very soon be coming out with the first financial inclusion index, which will assess progress in terms of access, usage and quality, Das said, while speaking at the Economic Times Financial Inclusion Summit. It is the responsibility of all stakeholders to ensure that the financial ecosystem (including the digital medium) is inclusive and capable of effectively addressing risks like mis-selling, cybersecurity, data privacy and promoting trust in the financial system through appropriate financial education and awareness, he added.
If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.
A high-powered probe committee set up by Lieutenant Governor Manoj Sinha visited the site and appealed to the general public to share videos, statements or any other evidence about the incident.
The Shri Mata Vaishno Devi Shrine Board, however, denied the charge, saying all necessary arrangements were made in view of the expected rush, while Jammu and Kashmir Director General of Police (DGP) Dilbag Singh blamed a minor altercation for the 'unfortunate' incident.
Fifteen ministers took the oath in Rajasthan on Sunday in a cabinet expansion that included 12 new faces, fulfilling a key demand of former deputy chief minister Sachin Pilot whose rebellion last year shook the state's Congress government.
As he snapped ties with the Bharatiya Janata Party, Bihar's caretaker chief minister Nitish Kumar has once again been pitched as a prime ministerial candidate for the 2024 elections by some, but a majority of the Opposition still view the Janata Dal-United leader with suspicion citing his numerous 'U-turns'.
The Chernobyl nuclear power plant, which was taken over by Russian forces last month, has stopped transmitting data to the International Atomic Energy Agency (IAEA), the United Nations atomic watchdog has said, expressing deep concern for the staff working under Russian troops at the nuclear site in northern Ukraine.
It may be a 'no-go' for banking licences to large industrial houses.
'The critics are getting carried away.' 'The challenge for the RBI is not any erosion of autonomy caused by demonetisation.' 'It's the whole attempt to reduce the RBI's stature and role that has been under way,' says T T Ram Mohan.
Protests against 'Agnipath' left Bihar in flames on Friday when rampaging mobs set fire to dozens of railway coaches, engines and stations and torched Bharatiya Janata Party offices, vehicles and other property, prompting the police to suspend internet services in nearly a third of the state.
At the moment, there appears to be no alternative political narrative to the one lying buried under the debris of havoc caused on this front by the fallout of 'August 5, 2019', asserts Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs.
A girl who was set on fire by a person after she did not reciprocate his proposal in Jharkhand's Dumka district succumbed to her burn injuries on Sunday.
Bharatiya Janata Party leaders Sarbananda Sonowal, Jyotiraditya Scindia and Narayan Rane, all of whom are being seen as probables for induction as ministers in the Modi government, arrived in the national capital on Tuesday amid indications that the Union Council of Ministers is likely to be expanded on Wednesday.
The Congress questioned the Maharashtra governor for the "arbitrary" allotment of time to the Nationalist Congress Party, the Shiv Sena and the Bharatiya Janata Party to prove support for government formation.
A day after OBC leader Swami Prasad Maurya resigned from the Uttar Pradesh cabinet citing apathy towards the backward classes, Dara Singh Chauhan too resigned as minister in the Yogi Adityanath government.
Sharma, son of former Union minister Venod Sharma, was convicted and sentenced to life imprisonment by the Delhi high court in December 2006 for killing Jessica Lal in 1999.
A high-level panel led by former RBI governor Bimal Jalan, set up to decide the appropriate capital reserves that the central bank should maintain, on Wednesday finalised its report.
The 61-year old leader will take oath as the Chief Minister of Karnataka from Governor Thaawarchand Gehlot at the Raj Bhavan on Wednesday at 11 am.
This demand comes at a time when the government is falling short of its revenue targets due to dwindling tax and low disinvestment receipts. It could account for the dividend in the upcoming Union Budget on February 1. RBI is, however, yet to take a final call on the government's demand and might decide on this at its central board meeting scheduled for February 15 in New Delhi.
The 557th meeting of the Central Board was chaired by RBI Governor Raghuram Rajan, and attended by the four deputy governors among others
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances