Exactly a fortnight ahead of the Reserve Bank of India's (RBI's) next monetary policy review, a key market indicator of interest rates - the overnight indexed swap (OIS) - suggests that the central bank may tighten policy by 35 basis points and then refrain from further rate hikes. RBI Deputy Governor Michael Patra recently described the OIS as the primary instrument for hedging interest rate risk in India. The six-member Monetary Policy Committee (MPC) of the RBI will meet on December 5-7.
Singh, an executive committee member of the BJP in Uttar Pradesh, also called Bollywood actor Kangana Ranaut 'manchali (crazy)' for her remarks about the country's independence.
Banerjee, who met party MPs, discussed various issues that need to be brought up in Parliament, including the Nagaland tragedy in which 13 civilians were killed in firing by security forces, the COVID-19 situation and the suspension of 12 Rajya Sabha members.
The Pakistan Cricket Board (PCB), on Thursday, formally initiated a legal battle against the Board of Control for Cricket in India by filing a compensation claim of $ 70 million before the ICC for not honouring a bilateral cricket series agreement.
'Why was he was given only a one-year contract?' 'Nobody has ever asked that question and obviously nobody has answered that question.'
'We had tremendous faith in honorable Modiji in his second term as he was well-settled. Sadly that has been belied.'
Anmol, who has a degree from Warwick Business School in the UK, has also been visiting branches and meeting employees across businesses in different regions to get exposure and detailed understanding of businesses at grass-root level in the past two years
The GST Council on Friday left taxes on COVID-19 vaccines and medical supplies unchanged after the BJP- and Opposition-ruled states sparred over whether tax cut benefits will reach the common man. Congress and other Opposition ruled states have been demanding a reduction in taxes but the central government felt the move may not result in tangible gains for people. "It is one thing to rush to say - do this, it will benefit the common man. But when the technical, fitment and law committees go into the details, you realise that that could have collateral impact on many others," Finance Minister Nirmala Sitharaman said. "I am not talking about the revenue generation aspect, but how many other items will get included in it as a result of which how you are going to implement it," she added.
Power and money are at the heart of the sordid story -- and it isn't over yet.
The committee will submit its report in two months and its chairperson can invite any expert of any institution in the country to help in the probe into the April 10 tragedy, a notification by Jharkhand tourism department said.
Observing that there are "definite and proved" allegations that complaints of the victims of violence in the aftermath of the West Bengal assembly polls were not even registered, the Calcutta high court on Thursday ordered a Central Bureau of Investigation probe into all alleged cases of heinous crimes like rape and murder, while accepting the recommendations of a National Human Rights Commission panel.
"The Election Commission, in my opinion, is theoretically correct. But, it is also true that the Election Commission had directed the administration to transfer officials with administrative duties and post them according to its direction at the time when it was in charge of the election. "If offences had occurred as a consequence of the polls, it was also the duty of the Election Commission at least to direct or advise the administration to register the complaints which it did not," Justice IP Mukerji observed.
'The CEO will neither be able to guide the senior team in operational matters nor decide on their appointment, compensation or removal.' 'Yet, the CEO is responsible for the profit and loss of the bank!' 'Why would the senior executives listen to him?' 'Which self-respecting professional would want to be a CEO with these constraints?' asks Tamal Bandyopadhyay.
Officials in districts bordering Maharashtra have been asked to maintain contact with their counterparts there regarding the release of water from dams, following reports of heavy rains in the neighboring states.
In 2015, FIFA recommended that Qatar host a shorter World Cup over the cooler months of November and December in a move that was sure to put soccer's world governing body on a collision course with the major European leagues.
The announcement of the officer came after the violent protests broke out in some parts of the country wherein incidents like stone-pelting and setting trains on fire were reported.
Upset over the denial of a ticket, former Union minister and Bharatiya Janata Party veteran Jaswant Singh on Sunday said he has decided to contest the Lok Sabha elections as an independent from Barmer constituency in Rajasthan and will file his nomination papers on Sunday.
The negotiations between the priests protesting against the the Synod's decision to introduce a uniform mass and a sub-committee comprising three bishops constituted by the Synod to find a way to solve the matter.
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
The Pakistan Cricket Board is miffed that International Cricket Council chairman Shashank Manohar defended BCCI's decision to not play bilateral series with them during the arbitration meeting on their decision to file a compensation claim of US$ 70 million against the Indian Cricket Board.
On May 8, the apex court had directed that these buildings be removed within a month as they were constructed in a notified CRZ, which was part of the tidally-influenced water body in Kerala.
The T20 World Cup is slated to be held in India in October-November 2021.
Gandhi has submitted the bill in Parliament but it is yet to be introduced.
The Supreme Court Thursday ordered that the report of a high-level committee on the role of erring police officials in the 1994 espionage case relating to Indian Space Research Organisation scientist Nambi Narayanan be given to the Central Bureau of Investigation and directed the agency to conduct further investigation on the issue.
With hotels and restaurants being barred from levying service charge, waiters, chefs and other workers are worried they will lose out on money and are planning to approach managements to seek a pay raise. They are also apprehensive that tips given by customers out of goodwill will dwindle. Uttarakhand-native Prakash Singh Koranga, 27, a chef who works at an outlet of popular franchise Moti Mahal Deluxe restaurant in south Delhi, said service charge which gets proportionally divided among the staff acts as an "extra income" and "incentive to give our best at the job".
On Saturday night, the fire broke out at BM Container Depot in the Kadamrasul area in Sitakunda Upazila in Chittagong.
The Bengaluru-based company had registered a net profit (after minority interest) of Rs 5,197 crore a year ago, a regulatory filing said. Infosys' revenue grew 22.9 per cent to Rs 31,867 crore in the quarter ended December 2021 from Rs 25,927 crore in the year-ago period, it added.
'There are unscrupulous traders who create fake invoices by showing bogus e-way bills, movement of goods.' 'Since the entities registered across different states, and kept on changing their numbers, tracing them was difficult.'
The government intends to continue with the top GST slab of 28 per cent for luxury and sin goods, but is open to discuss narrowing down the three slabs of 5, 12 and 18 per cent into two, Revenue Secretary Tarun Bajaj said on Monday. Addressing the industry leaders, Bajaj said the rate rationalisation exercise of the GST Council is a result of introspection of GST, five years after its rollout, and the policymakers do not have a "fetish" to raise the tax rates to the revenue-neutral level of 15.5 per cent. On the industry demand for bringing petroleum products under GST net, he said since fuel constitutes a larger part of their revenues, both the Centre and states have some apprehension.
BCCI has approved 10-team IPL from 2022 edition and are backing ICC's bid for cricket's inclusion in 2028 Olympics after some clarifications from IOC.
Deputy Chief Minister Manish Sisodia and Environment Minister Gopal Rai visited the Eidgah in Mustafabad and interacted with locals besides taking stock of facilities being provided by the government at relief camps.
'It is also being done in violation of our Forest Tribal Act because it will involve the eviction of the tribals living in these forests.'
Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year.
A bench of Justices DY Chandrachud and Hima Kohli said an attack on individuals does not mean it is an attack on the community but it needs to verify the claims of any such incident if it is made in the public interest litigation.
The Central Bureau of Investigation (CBI) has set up four teams, each headed by joint directors Ramnish, Anurag, Vineet Vinayak and Sampat Meena, to probe the political violence which ensued after the victory of the Trinamool Congress (TMC) on May 2 in a bitterly fought eight-phase assembly poll in West Bengal.
The overwhelming feeling at the end of COP 27 was that despite decades of meetings and landmark accords, like the Paris Agreement, the world was still not doing enough to slow the climate crisis, observes Ambassador T P Sreenivasan.
Assocham president Niranjan Hiranandani said his talks with government officials showed dues to industry and states were pending in the form of refunds of income tax, value-added tax, and GST, and compensation, payments to discoms in the power sector, fertiliser subsidies, etc.
The government further defended its move to introduce fixed-term employment, insisting that the present system of hiring workers through contractors is exploitative.
A new Congress leader may make an electoral impact by his very presence. Congress voters who had moved away from the party, after being influenced by the BJP's 'family rule' campaign, can now return with a certain moral satisfaction, observes N Sathiya Moorthy.
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