The Reserve Bank's rate-setting panel began its three-day deliberations on Monday to decide the next monetary policy amid expectations that the central bank will maintain status quo on the benchmark interest rate in the backdrop of global scare due to the new coronavirus variant Omicron. Reserve Bank Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Wednesday. If the RBI maintains status quo in policy rates on Wednesday, it would be the ninth consecutive time since the rate remains unchanged.
BJP working president J P Nadda reacted strongly to these remarks, saying they were in "bad taste and highly condemnable".
Ahead of the Winter Session in Parliament, leaders of 11 opposition parties met in the chamber of Leader of Opposition in Rajya Sabha Mallikarjun Kharge.
Rediff.com brings you some interesting clicks from the by lanes of Indian cities that summarise the soccer madness...
Legal experts and opposition parties in Assam have slammed the police for arresting the teacher and the judiciary for sending her to jail as consumption of beef, even in public places, is not illegal in the state.
International pop star Rihanna teenage climate activist Greta Thunberg and others extended their support to farmers protesting on the borders of India's capital against the three agriculture laws introduced by the Central government last year and asked why people were not talking about it.
'Why should our government opt for unproven technology that has been rejected by most countries across the globe?' 'Being dependent on any other nation to supply you seed for your good crops is another form of slavery.'
'At a time when people don't like to even sacrifice their panchayat seat, Biplab Kumar Deb sacrificed the chair of chief minister with a smiling face.'
'It would indeed be difficult for someone from outside the Gandhi family to run the party'
West Bengal, which is governed by the Trinamool Congress, became the second state after Congress-ruled Punjab, where such a resolution has been tabled and passed.
The amount that the 41-year-old former spin-bowling all-rounder has decided to donate was not disclosed in the report.
As many as 623 candidates, including 73 women are in the fray in the first phase and around 2.28 core voters, including 1.24 crore men and 1.04 crore women are eligible to caste their francise, election officials said.
The output of eight core sectors grew by 11.6 per cent in August, mainly due to an uptick in the production of cement, coal, and natural gas, official data showed on Thursday. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 6.9 per cent in August 2020 due to the nationwide lockdown imposed to control the spread of COVID-19. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).
The ED has filed a fresh chargesheet against absconding jeweller Mehul Choksi, his wife Priti and others under the anti-money laundering law in connection with the over Rs 13,000-crore PNB loan fraud case, officials said on Monday. This is the first prosecution complaint filed by the central agency against Choksi's wife Priti Pradyotkumar Kothari. She has been charged by the Enforcement Directorate (ED) with "helping her husband in layering of the proceeds of crime".
However, rural demand continued to remain a concern for FMCG companies during the quarter.
The Rajya Sabha was adjourned twice while the opposition parties staged a walkout in Lok Sabha on Tuesday, voicing their protest against the increase in the prices of petrol, diesel and cooking gas LPG.
In a new political alignment in poll-bound West Bengal, state Congress president Adhir Ranjan Chowdhury on Tuesday announced the inclusion of newly formed Indian Secular Front (ISF) of Furfura Sharif cleric Abbas Siddiqui in the Left Front-Congress alliance.
Senior Trinamool Congress MP Sougata Roy on Friday stirred the hornet's nest by saying that the party will not accept the use of violence and muscle power by its candidates during the upcoming civic polls in West Bengal.
Rajya Sabha is likely to adjourn sine die after taking up five bills on Wednesday, the sources said on Tuesday. The Lok Sabha, Speaker Om Birla said, will meet at 6 pm on Wednesday instead of the usual 3 pm.
The country's largest lender State Bank of India (SBI) will revamp its banking application (app) YONO and position it as a complete digital bank (DB) under a new rubric 'Only YONO' for enhancing customer experience and ease of use. The bank plans to bring in a consultant to help draw up the project plan, keeping in mind business goals for the next five years. With 54 million monthly active users (MAUs), SBI YONO has seen growth of over 35 per cent in MAUs in 2021.
Congress leader Adhir Ranjan Chowdhury aid that India must tackle Chinese aggression using all necessary means.
That's the only way to convince those who have money to return to the bank fold, ditching other asset classes, says Tamal Bandyopadhyay.
'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
FC Goa returned the favour just four minutes later when Seriton Fernandes and Alberto Noguera played a quick one-two, before sending the former free on the right flank.
Sharma had on Monday slammed Congress' association with the ISF led by Muslim cleric Abbas Siddiqui in West Bengal, contending that it was against the "Gandhian and Nehruvian secularism" and the party cannot be selective in fighting "communalists".
'Before Maradona and the 1986 World Cup people were mostly fans of Brazil, but Maradona after the 1986 World Cup divided Kolkata in two halves.'
India's manufacturing sector activities moderated in December but output remained in the growth territory, amid slower rise in sales and new orders, even as business sentiment was dampened by concerns surrounding supply-chain disruptions, COVID-19 and inflationary pressures, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) eased to 55.5 in December, from November's ten-month high of 57.6. The December data pointed to a "substantial, albeit slower, rises in sales and output", the survey said, adding that the latest quarterly reading was at 56.3, its highest since the final quarter of fiscal year 2020/21.
India's fuel sales surged past pre-pandemic levels in March on twin impact of the economy rebounding from the lifting of pandemic-related restrictions and anticipation of price increases leading to stocking. In the first two weeks of March, dealers, as well as the public, topped up their tanks in anticipation of an increase in prices that had been on hold in the run-up to the elections in states like Uttar Pradesh. While daily price revisions restarted on March 22, the increases were calibrated.
The Opposition claimed that Singh "cannot be a standalone carrier", with the Congress's leader in LoK Sabha, Adhir Ranjan Chowdhury, saying the question will now arise who were the real culprits behind the last year Pulwama attack. Taking a swipe at the Rashtriya Swayamsevak Sangh, the Bharatiya Janata Party's ideological mentor, Chowdhury said had police officer Davinder Singh been "Davinder Khan", the reaction of the "troll regiment of the RSS" would have been different.
From a location perspective, the last quarter saw Kolkata and Gurgaon as top regions for employment in these sectors and among roles, sales and office services stood out.
Bangladesh are ready to play Twenty20 Internationals in Pakistan next month but the Test series must take place in a neutral venue, the chief executive of the Bangladesh Cricket Board (BCB), Nizamuddin Chowdhury said. PCB's assertion notwithstanding, Bangladesh remain wary of touring Pakistan for a lengthy period, Chowdhury told the Daily Star newspaper.
Major edible oil companies, including Adani Wilmar and Ruchi Soya, have reduced the maximum retail price (MRP) of their products by 10-15 per cent to provide relief to consumers, industry body SEA said on Monday. The prices have been reduced by Adani Wilmar (on Fortune brands), Ruchi Soya (Mahakosh, Sunrich, Ruchi Gold and Nutrella brands), Emami (Healthy & Tasty brands), Bunge (Dalda, Gagan, Chambal brands) and Gemini (Freedom sunflower oil brands), it said. OFCO (Nutrilive brands), Frigorifico Allana (Sunny brands), Gokul Agro (Vitalife, Mahek and Zaika brands) and others have also reduced prices, it added.
Amid a decline in Covid cases in the country, India may soon reopen its doors for foreign tourists for the first time in one-and-a-half years, officials said.
Prime Minister Narendra Modi on Wednesday took a dig at feisty Congress MP Renuka Chowdhury, saying her laughter reminded him of epic serial 'Ramayana'.
"This is a big scam. The country is being looted. Please allow us to speak," Congress leader in Lok Sabha Adhir Ranjan Chowdhury said.
The committee has given its recommendations to Congress president Sonia Gandhi, who will take necessary action, the sources pointed out.
It is packed with flavours of Indian spices, most interestingly betel leaves.
Prime Minister Narendra Modi on Monday urged people to pledge not to do anything that lowers the dignity of women, saying a mentality to insult them in speech and conduct has crept in.
Gandhi met the president and handed over a memorandum signed by two crore farmers demanding a repeal of the laws, saying they will not benefit farmers or labourers.
India registered 2,68,833 new Covid infections in a day taking the tally to 3,68,50,962, which includes 6,041 Omicron variant cases, according to the Union health ministry data on Saturday.
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