The Reserve Bank of India, for the second straight time, on Thursday kept its key policy rate unchanged at 5.15 per cent, maintaining its accommodative policy stance as long as it was necessary to revive growth. The central bank retained GDP growth at 5 per cent for 2019-20 and pegged it at 6 per cent for the next fiscal.
The CBEC will itself be rechristened as the Central Board of Indirect Taxes and Customs and will supervise GST and Customs activities and provide the government policy inputs.
The Central Bureau of Investigation will soon register a Preliminary Inquiry to look into criminality in 15 tapped conversations of lobbyist Niira Radia with several government officials, as directed by the Supreme Court.
Balance is needed in selecting members for the proposed monetary policy committee, says Abheek Barua.
Chary also says some government officials have played an important role in favouring organisations that MCX competes with.
The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health, says Rajiv Lall.
All-out efforts are needed to mitigate the adverse impact of the Covid-19 pandemic, and the RBI will use any instrument necessary to revive growth and preserve financial stability, according to the minutes of the central bank's policy meeting.
Taking advantage of the indifference of passengers, the Indian Railways routinely indulges in several unfair trade practices, says S Pushpavanam.
Former chief information commissioner Satyananda Mishra says the Supreme Court order to frame guidelines for civil servants to insulate them from political interference is a mere elaboration of reports of committees constituted by the central government.
Stepping up its attack on the Union Health Minister over the removal of All India Institute of Medical Sciences Chief Vigilance Officer Sanjeev Chaturvedi, the Aam Aadmi Party on Friday called for the immediate sacking or resignation of Harsh Vardhan.
A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans and the need to build up provisions against those assets.
Farmer organisations also called for boycott of mandis or wholesale markets in Punjab, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh and Mahrashtra, leading to fears of shortage and price rise.
The incidence of corruption cases can be checked to a large extent if the suggestions already available with RBI and the government are taken seriously, says Shyamal Majumdar.
There is a great need to introduce a transparent process to select information commissioners, who are expected to oversee transparency, says former Central Information Commissioner Shailesh Gandhi.
The central bank tweaked the retail inflation range to 4.8-4.9 per cent in the first half of 2018-19, and 4.7 per cent in the second half.
'The BJP wants an AIADMK government so that they can implement their policies.' 'All the policies implemented in UP are being implemented in Tamil Nadu.'
Dr Manmohan Singh's role in the sordid saga of the Coal Allocation Scam was always Delhi's worst-kept secret; calls for his interrogation will mushroom after he was named by P C Parakh, says T V R Shenoy.
Even as the Maharashtra government claims it is implementing in phases the Ram Pradhan committee report, which examined the government's response to the 26/11 terror attacks, gaping holes still exist in the security apparatus.
The appointment of new expenditure secretary comes a month-and-a-half ahead of the Budget for 2020-21 to be presented on February 1.
One of the urgent tasks ahead for the new government should be to improve public trust in the executive.
As a result, the forecast of eight per cent retail inflation by January next year looks achievable.
RBI Governor Raghuram Rajan, who today surprised markets with a rate hike, defended the move saying a rate cut would not have impacted either banks or borrowers and that bringing down retail prices is the key to sustainable growth.
The Andhra Pradesh Police on Tuesday stepped up security across the state saying they were well prepared to maintain law and order particularly in coastal Andhra and Rayalaseema regions in the wake of the decision to create separate Telangana.
Modi urged the country to show patience during the vaccination drive as it had shown till now in fighting the pandemic.
The video conference, which began at 11 am, comes amid indications that the central government may extend the nationwide lockdown with some possible relaxations even as Punjab and Odisha have already announced extending the lockdown beyond April 14 when the current spell of 21-day shutdown across the country ends on Tuesday.
Here's the full text of address to the nation by President Ram Nath Kovind on the eve of the Republic Day 2022.
RBI has pegged the GVA growth of 7.6 per cent for the current fiscal and 7.9 per cent the year after
Observing that tapped telephonic conversations between Niira Radia, politicians and others prima facie revealed "deep-rooted malice", the Supreme Court on Thursday ordered a Central Bureau of Investigation probe into six issues relating to corrupt practices being adopted for private gains.
The apex court said the present CBI director would head the special investigation team which would look into the report of the apex court-appointed panel headed by M L Sharma, a former special director of the agency, that had prima facie indicted Sinha in the matter.
Congress leaders told Rediff.com that if Sonia or Rahul Gandhi do not take up the leader of opposition's post in Lok Sabha, it would lead to factionalism and internal dissension, something that the party can ill-afford at this juncture. "Kamal Nath is undoubtedly a senior MP but his candidature is bound to be opposed by the MPs from southern states as they have won more seats," remarked a senior Congress functionary, adding that senior ministers like Veerappa Moily and Mallikarjun Kharge can be expected to push their candidature for this post. Anita Katyal reports.
The Central Bureau of Investigation has questioned T K A Nair, advisor to Prime Minister Manmohan Singh, in connection with alleged irregularities in allocation of coal blocks, which included granting of a block to Hindalco at Talabira despite it being rejected by a screening committee of the coal ministry.
The bench listed the matter for final disposal on January 18 and said since it will hear the matter in detail, no interim orders will be passed on various interim applications as of now.
'The downslide has been rapid leading up to the number one and number two of the organisation flinging against each other horrendous accusations of bribery and tampering with investigations for personal gain, and the latest petition to the Supreme Court by the joint director of the CBI, M K Sinha, opening a veritable Pandora's Box of repulsive skeletons,' notes B S Raghavan, the distinguished civil servant who witnessed the CBI's birth.
Journalists from across the country gathered and demanded justice amid call for standing up to "forces" trying to the "muzzle" the voices of dissent.
The Centre has directed security forces deployed in Bihar, Jharkhand and Chhattisgarh to tighten vigil in the three states in view of intelligence reports which suggested that Naxals would try to carry out strikes in the run-up to the Lok Sabha polls.
That's all it takes to protect an institution -- just one person with no past and no greed for the future, says Shekhar Gupta.
Thanks to the recapitalisation by the government and measures taken by the central bank, collapse of any large housing finance company won't pose as big a risk as it had six months ago.
Foreign Secretary Vijay Gokhale summoned Pakistan High Commissioner to India Sohail Mahmood to his South Block office and issued a very strong demarche .
Whistle-blower officer Ashok Khemka has been shunted again, in breach of rules by BJP government in Haryana. All actions of the previous Congress govt against him still stand even as the Narendra Modi government has chosen to keep away.
Paresh Barua, the fugitive 'commander-in-chief' of the anti-talks faction of the United Liberation Front of Assam, has been reportedly spotted by Indian security agencies at various locations in China.
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