The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
Shubman Gill and Suryakumar Yadav may get promotion in the annual central contracts list for the 2022-23 season.
Continuing the downward trend, retail inflation fell to a five-month low of 4.31 per cent in January, mainly due to a decline in the prices of vegetables, eggs, and pulses. The Consumer Price Index-based retail inflation was 5.22 per cent in December and 5.1 per cent in January 2024. The previous low inflation was in August 2024 at 3.65 per cent.
Ten Naxalites were killed in an encounter with security personnel in Chhattisgarh's Sukma district on Friday, a senior police official said. The gunfight broke out in the morning in a forest within the jurisdiction of the Bhejji police station when a joint team of security personnel was out on an anti-Naxalite operation. The operation was launched based on inputs about the presence of Maoists belonging to Konta and Kistaram area committees of Naxalites on forested hills of Korajguda, Dantespuram, Nagaram and Bhandarpadar villages. Chief Minister Vishnu Deo Sai hailed security forces and said the era of peace and progress has returned to the Bastar region, which includes Sukma.
The Delhi High Court on Tuesday directed the setting up of a three-member Committee of Administrators (CoA) to take over the affairs of the Indian Olympic Association (IOA).
'It was specifically mentioned in the Gadgil Committee report that this particular area where the colossal landside happened now should be in the Environmentally Sensitive Area under Zone 1.' 'Zone 1 is the most important and ecologically sensitive area, and that it has to be protected entirely.' 'At least 90% of the Wayanad disaster is man-made.'
Anura Kumara Dissanayake, the leader of the Marxist Janatha Vimukthi Peramuna's (JVP) broader front National People's Power (NPP), on Sunday consolidated his lead in the Sri Lanka's presidential election.
'Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.' 'We expect all that money will come back into the economy in either savings, consumption, or investments.'
The Indian government is planning to repeal a 65-year-old law that disqualifies MPs for holding office of profit and introduce a new one aligned with current needs. The draft bill proposes to simplify the existing law, remove the negative list of offices that cause disqualification, and address conflicts with other statutes. It also seeks to empower the central government to amend the schedule of offices by issuing a notification, replacing the existing provision for temporary suspension of disqualification.
The US Fed rate cut of 50 basis points is unlikely to have any significant impact on foreign inflows into India, Economic Affairs Secretary Ajay Seth said on Thursday. He said the US Federal Reserve has done what it assesses is good for the largest economy in the world, but the RBI will take a decision on interest rate cut keeping the Indian economy in mind. "It is a positive for the global economy, including the Indian economy. "It is a 50 basis points cut from a high level.
The Income Tax department on Monday invited public inputs for review of the six-decade old I-T Act with regard to simplification of language, litigation reduction, compliance reduction, and obsolete provisions. Pursuant to the Budget announcement by Finance Minister Nirmala Sitharaman for a comprehensive review of the Income-tax Act, 1961, the Central Board of Direct Taxes (CBDT) had set up an internal committee to oversee the review and make the Act concise, clear, and easy to understand, which will reduce disputes, litigation, and provide greater tax certainty to taxpayers.
Political sources say Modi is 'keen' on getting the NCP (SP) over to the Mahayuti to counter Eknath Shinde's 'demands' and to act as a cushion against his present allies, Nitish Kumar and N Chandrababu Naidu, 'in case their relationship became untenable'.
The Supreme Court of India has announced its intention to establish an effective mechanism to address caste-based discrimination in educational institutions throughout the country. The court directed the University Grants Commission (UGC) to draft regulations to prevent such discrimination and to provide data on institutions that have implemented equal opportunity cells as mandated by the 2012 UGC equity regulations. The court's decision stems from a public interest litigation filed in 2019 highlighting the prevalence of caste-based discrimination in higher education institutions and its tragic consequences, including the suicides of students like Rohith Vemula and Payal Tadvi.
Vigilance Commissioner Suresh N Patel was on Wednesday appointed as the Central Vigilance Commissioner, a year after the post fell vacant.
'...spent 1/10th of his time at 24, Akbar Road...' 'He would have met thousands of party workers and ordinary Congress supporters who have love for the party.' 'Left of Centre intellectuals have shaped Rahul's values, but he lacks earthiness.'
BJP leader Sudhir Mungantiwar said the Mahayuti partners will meet Governor C P Radhakrishnan to stake a claim to form a government in the state.
The Tirumala Tirupati Devasthanams (TTD), the custodian of Lord Venkateswara Swamy temple, has barred 18 employees from participating in all religious activities for allegedly partaking in non-Hindu activities. The decision has been defended by the Andhra Pradesh government, citing the need to protect the religious sentiments of Hindu devotees. The move has sparked debate, with some supporting the TTD's stance and others criticizing it as discriminatory.
Ahead of the introduction of bills on holding simultaneous polls, the government Tuesday said the concept is not new to the country.
Will the Draft UGC Regulations 2025 undermine our universities? Unlikely, notes Professor Mohammad Sajjad, citing how AMU has utilised its exceptional autonomy.
Perhaps because the Modi government had some differences of opinion with two of the economist governors (one of whom was appointed by the Manmohan Singh government), there is a view that its political leadership prefers a civil servant to head the RBI, notes A K Bhattacharya.
It must be mentioned here that veteran bowler Ishant Sharma has already told DDCA that he won't play red-ball cricket anymore now that he is no longer in contention for a national comeback.
'Cases of molestation and rape are reaching the doorstep of households irrespective of their socio-economic status. That's the extent to which criminals are feeling emboldened today.'
Students at Udai Pratap College in Varanasi, India, protested demanding the removal of a mosque located on the campus. The protest came after tensions arose when a section of students recited Hanuman Chalisa near the mosque while prayers were being offered. The college administration has denied claims by the Uttar Pradesh Sunni Central Waqf Board that the mosque and surrounding land are Waqf property, stating that the mosque was built illegally. The college administration has also accused the mosque of stealing electricity.
Both private and government hospitals have joined the protest, fighting for justice for the victim and demanding a security act for doctors.
Sources said the party has also tasked its senior leaders to be observers at the meeting of the Congress Legislature Party in Haryana to elect its new leader.
Manipur Chief Minister N Biren Singh has asked the army to take steps to trace a 56-year-old man who has been missing since November 25 from Kangpokpi district. Laishram Kamalbabu Singh went missing from the 57th Mountain Division campus of the army, and an FIR has been lodged with the Sekmai Police Station over his disappearance. The chief minister asked the authorities at the Leimakhong army camp to take responsibility for finding out the man. Singh also alleged a lack of transparency and sincerity among a section of security personnel in Manipur.
Buch, under a cloud over allegations of conflict of interest levelled by United States-based short-seller Hindenburg, was asked to appear before the PAC, which is reviewing the performance of the market regulator.
Dr Jaishankar, right, appears to look away from Wang Yi, second from right, at the East Asia Summit Foreign Ministers Meeting in Jakarta, Indonesia, Friday, July 14, 2023.
The sudden and surprising announcement by Anderson comes within days of a Republican Congressman, a member of the House Judiciary Committee, asking the Department of Justice to preserve all the documents and communications related to the investigations of Adani and his companies.
State Bank of India, Adani Ports, Tata Consultancy Services, ICICI Bank, Reliance Industries and PowerGrid were also among the laggards.
Two bills that lay down the mechanism to hold simultaneous elections were introduced in the Lok Sabha after a fiery debate on Tuesday, with the opposition terming the move 'dictatorial' and Law Minister Arjun Ram Meghwal asserting that the legislation would not tamper with the powers enjoyed by states.
On its 177th anniversary, Utkarsh Mishra explores the history and relevance of The Communist Manifesto.
In a major escalation of the tussle with Punjab Chief Minister Bhagwant Mann, Governor Banwarilal Purohit on Friday warned that he could recommend President's rule in the state and also initiate criminal proceedings if his letters are not answered.
RBI Deputy Governor Swaminathan J has asked banks to follow KYC guidelines with both "precision and empathy", failing which regulatory actions will be taken against them by the central bank. Addressing a Conference of Directors of Private Sector Banks here on Monday, the Deputy Governor also expressed concern that in many cases, customer grievance mechanisms, including the Internal Ombudsman structure, are treated more as a formality than as a robust, effective resource.
A Pakistani court has dismissed a plea to rename a chowk in Lahore after Bhagat Singh, citing a retired military officer's claim that the freedom fighter was not a revolutionary but a "criminal". The Lahore High Court upheld the decision of the local corporation, which had scrapped the plan to rename Shadman Chowk and place a statue of Singh there.
While the capital spending is being maintained at 3.1 per cent of the GDP, a little more would have boosted economic growth even further, suggests Rajiv Memani.
Chief Justice of India Sanjiv Khanna has recused himself from hearing pleas related to the alleged illegal felling of hundreds of trees in the Delhi Ridge area. The decision comes after a previous bench, led by former CJI D Y Chandrachud, sought a personal affidavit from Delhi Lieutenant Governor V K Saxena in the case, which also sought contempt proceedings against certain DDA officials. CJI Khanna stated that his prior involvement with the Delhi LG while serving as the NALSA chairman would make it inappropriate for him to hear the plea. The bench has ordered the listing of the pleas before a different bench starting November 27.
Manipur Chief Minister N Biren Singh on Tuesday condemned the drone bomb attacks on civilians as acts of terrorism and vowed a firm response.
In the Congress's Central Election Committee (CEC) held to discuss ticket allocation for the forthcoming Haryana assembly elections, Congress leader Rahul Gandhi discussed about the possibilities of contesting elections as INDIA bloc, said sources.
The Central Public Works Department, which is executing the government's ambitious Central Vista redevelopment project, will soon start the construction work of the new Parliament building once it gets permission from the Heritage Conservation Committee, officials said on Tuesday.
