The three day MPC meeting began on Monday and the decision will be announced on Wednesday by RBI Governor Shaktikanta Das.
The Reserve Bank on Wednesday retained the retail inflation projection at 4.5 per cent for fiscal 2024-25, with Governor Shaktikanta Das stressing that the central bank will have to closely monitor the price situation and keep the "inflation horse" under tight leash lest it may bolt again. Unveiling the October bi-monthly monetary policy, the Governor also said the flexible inflation targeting (FIT) framework has completed 8 years since its introduction in 2016 and is a major structural reform of the 21st century in India.
Union Home Minister Amit Shah on Friday appealed to Naxals to give up violence, lay down arms and surrender, saying an all-out operation will otherwise be carried out against them.
The Dera chief has sought to stay in Baghpat, Uttar Pradesh, during the parole period, if granted.
Senior Congress leader and Maharashtra assembly poll candidate Balasaheb Thorat has asserted that the opposition Maha Vikas Aghadi (MVA) will win a clear majority and also indicated his chief ministerial aspirations. Thorat, who is among the senior leaders in the MVA after NCP (SP) head Sharad Pawar, said he enjoys cordial relations with leaders of the alliance. He also criticized the ruling Mahayuti coalition, accusing it of corruption and communal politics.
A meeting of the joint committee of Parliament on the Waqf (Amendment) Bill on Friday witnessed fireworks with members vociferously opposing certain provisions of the draft legislation, leading to a brief walkout by opposition members.
The RBI is fully aware that the high-cost loans and high indebtedness of the borrowers could pose financial stability risks, if not addressed by these NBFCs. Governor Shaktikanta Das has issued a stern warning, saying the RBI is closely monitoring these areas and will not hesitate to take appropriate action, if necessary, if the culprits don't opt for self-correction. Watch out for some action, soon, notes Tamal Bandyopadhyay.
Kim during an emergency party politburo meeting held in late July, said he will punish officials for the damage from heavy rains that flooded areas and displaced thousands.
With billionaire Gautam Adani charged in the United States with alleged bribery and fraud, the Congress on Thursday said it 'vindicates' its demand for a Joint Parliamentary Committee investigation into the various 'scams' involving his conglomerate.
The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation, State Bank of India (SBI) chairman C S Setty has said. The US Federal Reserve's first cut in interest rates in more than four years is expected soon, triggering central banks in other economies to follow suit. "On the rate front, a lot of central banks are taking independent calls.
A first information report (FIR) has been registered at Budgam police station against a Wing Commander following a complaint by a woman flying officer accusing him of rape, officials said in Srinagar on Tuesday.
Zee Entertainment Enterprises, co-producer of Kangana Ranaut's film Emergency, on Friday told the Bombay high court it has agreed to the cuts suggested by the censor board.
The Congress was fighting the elections in a pre-poll alliance with National Conference and had fielded 32 candidates, mostly in Jammu region, compared to 51 by the regional party.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
Dr Nagesh Kumar, one of the three new MPC members, wanted the MPC to reduce the repo rate by 25 basis points to 6.25%.
In December 2020, the Madan Lal-led Cricket Advisory committee had named Chetan Sharma, Abey Kuruvilla and Debashish Mohanty as the new members of senior selection committee.
It is time for the administration to wake up from 'deep slumber' and take appropriate steps to address the condition of Delhi's coaching centres, the Delhi high court has said, while granting interim bail till November 30 to four co-owners of the basement of an Old Rajinder Nagar building that housed a coaching centre where three civil services aspirants drowned in July.
Wrestlers Bajrang Punia and Vinesh Phogat met former Congress president Rahul Gandhi in New Delhi on Wednesday amid speculation that the two star grapplers could be fielded in the Haryana assembly polls by the party.
Besides Hooda, Bhan and Phogat, the Congress has fielded Mewa Singh from Ladwa to take on Chief Minister Nayab Singh Saini.
Chess governing body FIDE's general assembly agreed to consider lifting parts of a ban on Russian and Belarusian players imposed after Moscow invaded Ukraine in February 2022, in a vote on Sunday in Budapest.
Over 2.5 million voters will decide the fate of 239 candidates in the fray for 26 Jammu and Kashmir assembly seats in the second phase of the election to be held in the Union territory on Wednesday.
Two months after a junior doctor was brutally raped and killed, the doctors' protest in Kolkata rages on.
Night patrolling on hospital premises and regulating access for people to key areas are among the measures the Centre has asked states to implement to ensure the safety of medics at workplaces, following Supreme Court orders in the rape-murder case of a junior doctor in Kolkata.
'People's expectations were very high.' 'We felt both sides had understood each other.' 'But the removal of Article 370 triggered apprehensions within the Naga people.'
He credited PCI chief coach Satyanarayana for providing great equipment, facilities, and preparation to the athletes.
Since it was formed 58 years ago, Haryana has had Jat chief ministers for 33 of those.
S&P Global Ratings on Tuesday retained India's growth forecast at 6.8 per cent for the current fiscal and said it expects the RBI to start cutting interest rates in its October monetary policy review. In the economic outlook of Asia Pacific, S&P Global Ratings also retained its GDP growth forecast for the 2025-26 fiscal at 6.9 per cent and said solid growth in India will allow the Reserve Bank to focus on bringing inflation in line with its target.
The Congress has proposed AAP should contest five seats while the Samajwadi Party and Left parties could contest one seat each.
Agitating junior doctors in West Bengal resumed their indefinite 'total cease work' on Tuesday to press for various demands, including ensuring their safety and security at all medical establishments.
The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.
'Whoever is doing it (threats to airlines), they are actually carrying out a recce.' 'This is the manner in which terrorists strike.'
FORDA said the decision to end the strike, effective from Wednesday morning, was made in the interest of patient welfare.
Even as the high inflation figure for October has ruled out any possibility of a rate cut by the Reserve Bank of India's (RBI's) monetary policy committee (MPC) in December, a rate cut in February also looks uncertain due to global uncertainties. Economists told Business Standard that unless domestic growth slows markedly, the outlook on rate cut remains unclear. India's headline inflation touched a 14-month high of 6.2 per cent in October, breaching the MPC's upper tolerance band of 6 per cent.
A five-time Olympic shooter, Randhir Singh was the lone eligible candidate for the OCA president's post.
First things first: For those wondering if they need to reapply, the answer is no.
Justices Arif S Doctor and Somasekhar Sundaresan held there was nothing in the MCC that would interfere with the Board's ongoing activities.
This comes amid a rapid surge in spread of the disease in Eastern Democratic Republic of Congo, and its detection in neighbouring countries as well.
It is understood that a lot of focus was on how to build combinations for the World Cup.
Protocols for the Bomb Threat Assessment Committee (BTAC), convened in the event of a bomb threat call to an aircraft or airport, have been tweaked to better tackle the spate of the ongoing 'random' Internet-based threats being made to various Indian airlines, official sources said Tuesday.
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