The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024. "The actual benefit for banks from the inclusion in JP Morgan's EM Index will accrue from June 2024 onwards. "Until then, the larger fundamentals of the market will dictate the moves. "Once the initial euphoria subsides, bond markets will look to global cues which may trigger fresh selling," said Siddharth Khemka, head of retail research, Motilal Oswal Financial Services.
Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.
The Supreme Court on Friday issued notice to the Centre on a Public Interest Litigation seeking immediate steps for proper screening of international flyers coming to India from Ebola virus-affected countries to prevent the deadly virus from spreading.
The Brihanmumbai Municipal Corporation told the Bombay High Court on Monday that it does not apprehend a third wave of the COVID-19 pandemic in the city as the vaccination drive is going on smoothly, with over 42 lakh people fully vaccinated and over 82 lakh people having received the first dose.
Bangladesh Prime Minister Sheikh Hasina on Sunday secured a record fourth straight term as her Awami League party won two-thirds of the seats in the general elections marred by sporadic violence and a boycott by the main opposition BNP and its allies.
Bank of Baroda (BoB) has made prudential provision of Rs 500 crore for exposure to Go First, which has sought bankruptcy protection after the National Company Law Tribunal (NCLT) admitted its plea for voluntary insolvency. Sanjiv Chadha, managing director and chief executive officer of BoB, said the bank identifies issues in advance and makes provisions if required. The Mumbai-based public sector lender has an exposure of Rs 1,300 crore to the troubled airline.
A bench comprising Chief Justice N V Ramana and Justices Surya Kant and Hima Kohli also issued notice on the plea filed by the Centre seeking transfer of the case from the high court to the apex court which had earlier referred to the similar case for adjudication to a five-judge Constitution bench.
'An area of land has already been earmarked for their protected habitation.' 'There are also steps being taken to take care of the coral zone and mangroves.'
Very few know of his scintillating mind, the outpouring of fresh ideas, the attention to detail in every endeavour, the extraordinary administrative and organisational skills, and a limitless stamina and energy with which he pursues every interest and commitment, notes Ambassador Talmiz Ahmad.
The three main political parties in Pakistan on Sunday intensified their efforts for the formation of a coalition government after it became clear that the coup-prone country faced a hung Parliament after general elections marred by allegations of rigging.
No process can offer a panacea for ethnic conflict, but there are times at which a legal process could work to defuse violence, asserts Supreme Court lawyer Devvrat.
...close to the 2024 general election. The BJP calling the Congress 'seasonal Hindu' is as laughable as the saffron party sparing itself the title of 'seasonal extreme Hindu.'
How else should one describe its election campaigns of the past years?
It was typically obsessive religion and personality cult with economic development for fig leaf, asserts Shyam G Menon.
The Supreme Court on Wednesday agreed to hear on February 17 a fresh plea of a Congress leader seeking investigation under the supervision of a sitting apex court judge against the Adani group of companies in light of the allegations made by the US-based Hindenburg Research.
Swamy also seeks CBI probe against the government officials who had cleared the deal.
The top court said in order to declare whether the exercise is academic or infructuous, it needs to examine the matter since both sides are not agreeable.
Echoing Rahul, Manipur CM Ibobi Singh too demanded that the contents of the accord be made public and uploaded on the Internet.
'Certain groups should be more cautious, especially the 60-plus population, and the population which suffer from co-morbidities like diabetes and hypertension.'
A United States court has denied the writ of habeas corpus filed by Pakistani-origin Canadian businessman Tahawwur Rana, paving the way for US Secretary of State Antony Blinken to issue a certification for him to be extradited to India where he is sought for his involvement in the 2008 Mumbai terror attacks.
A bench headed by Chief Justice U U Lalit is scheduled to hear the petitions challenging the validity of the CAA whose enactment had triggered widespread protests across the country.
The Tamil Nadu assembly on Monday adopted a resolution to urge the Centre and the President to fix a timeframe for state governors to approve bills adopted by the respective houses.
'It is just an excuse to say that the Centre has run out of money.' 'Pruning these schemes would mean hard time for the people of India.'
Hearing the Centre versus the Delhi government over the issue of demarcation of power, a constitution bench headed by Chief Justice D Y Chandrachud said an elected government needs to have control over the administration.
'It's not really going to bring about purity in the election process.'
The plea, filed by advocates Shishir Chaturvedi and Karunesh Kumar Shukla, said that apart from private individuals and members of state Sunni Board, the presence of central and state government representatives was essential to ensure proper management of the funds.
The Supreme Court on Tuesday rapped the centre for being "sloppy" in checking female foeticide in the country, saying laws are not being implemented and everything is being left to fate.
During his interaction with the chief ministers, Prime Minister Narendra Modi assured that more economic activities would resume; he also said that zone identification may be left to the states.
The Supreme Court on Friday agreed to hear on September 9 a plea challenging certain provisions of the 1991 law which prohibit filing of a lawsuit to reclaim a place of worship or seek a change in its character from what prevailed on August 15, 1947.
The Madras high court on Monday came down hard on the Election Commission and called it the "the most irresponsible institution" for the alleged spread of the second wave of Covid-19 in the country.
Modi attended the 20th ASEAN-India Summit in Jakarta. Secretary-General of ASEAN Dr Kao Kim Hourn also attended the summit.
This case revolves around the establishment of clusters of Centers of Excellence (CoEs) in the state of Andhra Pradesh, with a total estimated project value of Rs 3,300 crores.
A plea was filed in the Supreme Court on Wednesday challenging the Delhi high court's May 31 verdict which dismissed a petition seeking to suspend all construction activity of the Central Vista Avenue redevelopment during the COVID-19 pandemic while describing it as a 'vital' and 'essential' project of national importance.
Sukanya Verma recaps all those events from 25 years ago.
'During the nine years of BJP rule, not a single temple has been reconstructed.' 'They might have constructed the Ram temple as it is an emotional issue. But they are not much interested in issues like heritage.'
The Supreme Court on Monday sought response from the Centre and the Election Commission on a Public Interest Litigation seeking a direction to them to frame of guidelines to ensure that more citizens cast their votes in the polls.
The Delhi high court on Tuesday sought the Centre's response on a plea challenging the new Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, which seeks to regulate digital news media.
The increase reflects a quarter-on-quarter increase of 2.6 per cent in October-December 2022-23. In absolute terms, the total liabilities, including liabilities under the 'Public Account' of the government, jumped to Rs 1,50,95,970.8 crore at the end of December 2022.
The Supreme Court on Monday dismissed a petition filed by the Kerala government against the state high court verdict rejecting the pleas challenging the Centre's decision to lease out Thiruvananthapuram International Airport to Adani Enterprises Ltd.
A new law that defines how companies should process users' data came into force with the President giving assent to the Digital Personal Data Protection (DPDP) Act passed by Parliament in the just-concluded monsoon session. The law arms individuals with greater control over their data while allowing companies to transfer users' data abroad for processing, except to nations and territories restricted by the Centre through notification. It also gives the government power to seek information from firms and issue directions to block content.
For fiscal year FY23, the 2022 Union Budget had targeted a capex outlay of Rs 7.5 trillion, which is 35.4 per cent higher than the FY22 Budget Estimate of Rs 5.54 trillion.
"We want Mahatma Gandhi's India, return of our identity and honour which was given to us by the Indian Constitution and I am sure they have to return it with interest as well," PDP chief Mehbooba Mufti said.