News for 'Central Advisory Committee'

Farmers' Protests May Dent BJP in UP

Farmers' Protests May Dent BJP in UP

Rediff.com10 Sep 2021

Electoral politics is going to be an important part of farmer protests going forward.

'RBI won't allow any cooperative bank to collapse'

'RBI won't allow any cooperative bank to collapse'

Rediff.com5 Oct 2019

One incident should not be used to generalise the health of all cooperative banks, says RBI governor Shaktikanta Das.

Cong creating false panic in fight against Covid: Nadda to Sonia

Cong creating false panic in fight against Covid: Nadda to Sonia

Rediff.com11 May 2021

The BJP president also accused Congress leaders, including a chief minister, of trying to actively create vaccine hesitancy during the once-in-a-century pandemic.

'When you test and identify, your ability to enforce quarantine is much better'

'When you test and identify, your ability to enforce quarantine is much better'

Rediff.com16 Apr 2020

'Kerala is probably the only state, where (with regard to) the clinical management and the overall protocols, we have an infectious disease team heading the whole containment plan.'

Cricket Buzz: Aus paceman Siddle retires from internationals

Cricket Buzz: Aus paceman Siddle retires from internationals

Rediff.com29 Dec 2019

Siddle broke the news to his team mates at the Melbourne Cricket Ground on Sunday after being released from the squad for the third and final Test against New Zealand in Sydney.

Bibek Debroy may take over as PM's economic advisor

Bibek Debroy may take over as PM's economic advisor

Rediff.com22 Sep 2017

Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council

Opposition seeks compensation for migrants who died during lockdown

Opposition seeks compensation for migrants who died during lockdown

Rediff.com16 Sep 2020

Several opposition members, including from the Dravida Munnetra Kazagham and the Communist Party of India-Marxist, also pointed out that the government took almost two months to impose the lockdown after the first case came to light in January, and claimed the delay had proved costly.

New finance code is a step in the right direction

New finance code is a step in the right direction

Rediff.com18 Aug 2015

The first major aspect is that of the veto power to the governor.

Centre asks UP, Bihar to prevent dumping of bodies in Ganga

Centre asks UP, Bihar to prevent dumping of bodies in Ganga

Rediff.com16 May 2021

The Centre directed Uttar Pradesh and Bihar on Sunday to prevent dumping of dead bodies in the Ganga and its tributaries, and focus on their safe disposal and a dignified cremation after corpses were seen floating in these rivers following a spurt in the number of coronavirus cases.

An open letter to the RBI governor

An open letter to the RBI governor

Rediff.com11 Jan 2019

Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.

SC sets aside RBI ban on cryptocurrencies

SC sets aside RBI ban on cryptocurrencies

Rediff.com4 Mar 2020

The Supreme Court on Wednesday allowed banks and financial institutions to provide services related to cryptocurrencies by setting aside the RBI's 2018 circular which had prohibited them. A three-judge bench, headed by Justice R F Nariman, said the Reserve Bank of India circular is liable to be set aside on the ground of "proportionality". "Accordingly, the writ petitions are allowed and the circular dated April 6, 2018 is set aside," said the bench, also comprising justices Aniruddha Bose and V Ramasubramanian.

Why Rajan's rate cut decision surprised top RBI officials

Why Rajan's rate cut decision surprised top RBI officials

Rediff.com13 Mar 2015

Reserve Bank of India (RBI) Governor Raghuram Rajan's decision to cut rates last week surprised even top officials.

'Important for govt to accept economy is in distress'

'Important for govt to accept economy is in distress'

Rediff.com27 Jun 2019

'We are looking at the Budget with the hope that it will address all issues even at the cost of exceeding the fiscal deficit target.'

Monetary policy: RBI reconstitutes technical panel

Monetary policy: RBI reconstitutes technical panel

Rediff.com24 Jun 2009

The tenure of the committee will be for two years up to June 30, 2011, the central bank said. The panel will review the monetary developments in the country keeping in mind the macroeconomic scenario and will advise the banking regulator on the stance of monetary policy due on July 28.

Labour strike looming, Centre hikes minimum wages, offers revised bonus

Labour strike looming, Centre hikes minimum wages, offers revised bonus

Rediff.com30 Aug 2016

Finance Minister Arun Jaitley said it has been decided to fix the minimum wages at Rs 350 per day for unskilled non-agricultural workers for 'C' category areas keeping in view the modalities of fixing minimum wages.

'India Inc can overcome hurdles in adopting new accounting standard'

'India Inc can overcome hurdles in adopting new accounting standard'

Rediff.com1 Sep 2015

From FY18, Ind-AS will be mandatory for all listed entities, barring those listed on the SME platform.

Loans to get cheaper as banks will pass on rate cut

Loans to get cheaper as banks will pass on rate cut

Rediff.com23 Aug 2019

The RBI has this year cut interest rates by 110 basis points in four instalments but banks have passed only a part of it to borrowers. Before the last reduction earlier this month of 35 basis points, the bank on an average had passed only 29 basis points out of 75 basis points cut affected during 2019.

'RBI must intervene to reduce excess volatility in rupee'

'RBI must intervene to reduce excess volatility in rupee'

Rediff.com25 Sep 2018

'For the RBI, it is also strategic to allow the rupee to over-depreciate, then come and buy the rupee, and benefit from its appreciation. Speculators who have driven the rupee too low then make losses,' says Ashima Goyal.

How govt plans to distribute Covid-19 vaccine

How govt plans to distribute Covid-19 vaccine

Rediff.com13 Aug 2020

The procurement and distribution will be centralised though the government is yet to take a call on the initial number of doses that will be procured.

What can we next expect from Xi?

What can we next expect from Xi?

Rediff.com1 Mar 2021

It will be interesting to see whether India-China border tensions figure during the deliberations of PLA deputies to the NPC and CPPCC, notes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.

'Farm laws will have to be repealed'

'Farm laws will have to be repealed'

Rediff.com11 Feb 2021

'The issue is not whether the farm laws are beneficial for the farmers or not.' 'The farmers have taken a stand that they do not want these laws.' 'Why do you want to thrust these laws down their throat?'

Will abide by constitutional modalities: Irani on school books

Will abide by constitutional modalities: Irani on school books

Rediff.com11 Sep 2014

Human Resource Development Minister Smriti Irani on Thursday rejected allegations that her ministry was trying to push books written by Hindutva ideologues, saying it will abide by "constitutional modalities" before taking any step.

Bhushan steps up attack on AAP's 'mahajokepal'

Bhushan steps up attack on AAP's 'mahajokepal'

Rediff.com29 Nov 2015

Stepping up the attack on the ruling AAP over the 2015 Delhi Janlokpal Bill, ousted party leader Prashant Bhushan on Sunday said that the proposed legislation is "completely" different from its previous 2014 version.

Stop advertising Covid 'medicines', give details: Govt to Patanjali

Stop advertising Covid 'medicines', give details: Govt to Patanjali

Rediff.com24 Jun 2020

Ramdev's herbal medicine company Patanjali Ayurved has launched 'Coronil tablet and Swasari vati' medicines claiming they can cure the highly contagious disease within seven days.

New session in varsities from Sep, end sem exams in July, says UGC

New session in varsities from Sep, end sem exams in July, says UGC

Rediff.com29 Apr 2020

Detailing the guidelines for examinations and academic calendar for the universities in view of the COVID-19 pandemic and subsequent lockdown, the commission said the exams for final semester students be conducted in July. The varsities may decide whether to conduct exams online or offline keeping in view the support system available with them and ensuring fair opportunity to all students.

Australia formally recognises India's Covaxin

Australia formally recognises India's Covaxin

Rediff.com1 Nov 2021

Australia's medicines and medical devices regulator on Monday formally recognised India's Covaxin, a vaccine against the coronavirus as the country's border was reopened for the first time in nearly 20 months.

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

How Lakshmi Vilas Bank eroded its wealth amid controversy and losses

Rediff.com8 Oct 2020

It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.

Mukesh Ambani, Dilip Shanghvi among 11 players to make banking easier!

Mukesh Ambani, Dilip Shanghvi among 11 players to make banking easier!

Rediff.com20 Aug 2015

Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.

'We underestimated the virus'

'We underestimated the virus'

Rediff.com18 May 2021

'By the time actual action began, it was already too late.' 'The virus was raging.'

Lalu awarded 5-yr jail term in third fodder scam case

Lalu awarded 5-yr jail term in third fodder scam case

Rediff.com24 Jan 2018

Former chief minister Jagannath Mishra was also found guilty in the case pertaining to fraudulent withdrawal of Rs 37.62 crore from the Chaibasa treasury in the 1990s.

The NPA problem: 'There is no silver bullet'

The NPA problem: 'There is no silver bullet'

Rediff.com24 May 2017

Resolution to the bad loans problem has to be incremental, and the RBI has to ensure NPAs are not swept under the carpet, HDFC chairman Deepak Parekh tells Joydeep Ghosh.

Oil giant ahoy! ONGC may buy out HPCL in 44K cr deal

Oil giant ahoy! ONGC may buy out HPCL in 44K cr deal

Rediff.com27 Feb 2017

Following up on Finance Minister Arun Jaitley's Budget announcement of creating an integrated oil company, India's biggest oil and gas producer ONGC may buy all of the government's 51.11 per cent stake in Hindustan Petroleum Corporation Ltd.

Buses & pick-up vans escape cess under GST

Buses & pick-up vans escape cess under GST

Rediff.com28 Mar 2017

No mention of cab aggregators in GST bills

19 UTI investments under probe

19 UTI investments under probe

Rediff.com23 Jul 2003

China's battle against COVID-19 major strategic achievement: Xi

China's battle against COVID-19 major strategic achievement: Xi

Rediff.com30 Apr 2020

China's National Health Commission on Thursday said the country reported only four new confirmed COVID-19 cases on Wednesday, taking the total number to 82,862, while no death due to the disease was registered. The virus has claimed 4,633 lives in the country.

What the rupee and bond markets will watch for

What the rupee and bond markets will watch for

Rediff.com27 Dec 2014

RBI Governor Raghuram Rajan has said falling oil prices act as a cushion for CAD, adding it is time India does away with restrictions on gold imports

Jalan's report names farms eligible for bank license

Jalan's report names farms eligible for bank license

Rediff.com25 Feb 2014

The report contains names of entities eligible for bank licences. It was not immediately known how many applicants have been shortlisted by the high-level advisory panel.

Govt extends gap between 2 doses of Covishield to 12-18 weeks

Govt extends gap between 2 doses of Covishield to 12-18 weeks

Rediff.com13 May 2021

The NTAGI has also stated that those having laboratory test proven SARS-CoV-2 illness should defer COVID-19 vaccination for six months after recovery, the sources said.

40 lakh kept under surveillance for Covid contact-tracing: Govt

40 lakh kept under surveillance for Covid contact-tracing: Govt

Rediff.com15 Sep 2020

More than 30 vaccine candidates have been supported and they are in different stages of development. Three candidates are in advanced stage of Phase I, II and III trials, and more than four are in advanced pre-clinical development stage, Choubey said.

Indians far from achieving herd immunity against COVID-19: Vardhan

Indians far from achieving herd immunity against COVID-19: Vardhan

Rediff.com27 Sep 2020

Vardhan said the ICMR is actively researching on reports of COVID-19 reinfection and although the number of such cases is negligible at this moment, the government is fully seized of the importance of the matter, the health ministry said in a statement.