The Reserve Bank of India's (RBI's) state of the economy report observed that any durable alignment of headline retail inflation with the target of 4 per cent could recommence in the second half of FY25 and sustain until numbers closer to the target are seen during the course of FY26, dashing hopes of any reduction in the policy repo rate in the current financial year. The report, authored by RBI staffers, including Deputy Governor in charge of monetary policy Michael Patra, said though headline numbers may fall in July and August due to base effect, it is likely to reverse in September.
In fresh turmoil in Team Anna, two prominent activists P V Rajagopal and 'Waterman' Rajendra Singh on Tuesday quit its core committee objecting to the movement taking a "political turn" and claimed that it was mired in confusion.
Elavenil Valarivan and Anish Bhanwala, two of India's finest young shooters, were on Friday named in a 34-member core group for the Tokyo Olympics. The National Rifle Association of India (NRAI) released the list of shooters who will be training separately for the quadrennial sporting extravaganza, scheduled to be held next summer after the COVID-19 pandemic pushed the Games back by a year.
The Anna Hazare Team on Thursday expressed satisfaction over the venue offered to them by police for holding the indefinite fast against Lokpal Bill even as they denied any going back on their stand on the legislation.
Speaking after the core committee meeting, Yediyurappa said the disqualified MLAs have expressed intention to join the party on Thursday and they would be given the membership.
The finance ministry expects a broad-based moderation in inflationary pressures on the back of an anticipated reduction in food prices as a result of the uptick in summer sowing. The retail inflation rate remained stubbornly clung to the 5 per cent mark in seven of the past eight months. "Core inflation is trending downwards, indicating a broad-based moderation in price pressures... Driven by strong domestic growth and benign global commodity prices, core inflation is declining continuously.
Medha Patkar, a member of Team Anna, on Friday said there was a need for "overhauling" the group as it was facing a number of allegations and many members of the core committee were being targeted. At the same time, Patkar said she will not be attending Saturday's core committee meeting, which Anna Hazare and Justice Santosh Hegde have also decided to skip. "I don't think there is a difference of opinion," she said.
Rajendra Singh and P B Rajagopal, disgruntled members of Team Anna and former aides of activist Anna Hazare, tell Sahim Salim why they have walked out of the core committee
Denials poured in on change in the leadership in Karnataka, amid buzz over such a move by the Bharatiya Janata Party high command ahead of the assembly polls next year, as Union Minister Amit Shah was on a day-long visit to take part in various events in Bengaluru on Tuesday.
With the Bharatiya Janata Party deciding to move its Karnataka battleground to Delhi to parade its 105 MLAs before President Pratibha Patil on Tuesday, the Congress core committee, which met on Monday evening, decided to wait and watch the situation and not take any decision in haste.
'People feel concerned about the future, whether it is the land or the jobs.' 'The BJP came to power in Assam with promises of maati, bheti (home, hearth and identity), land, jobs and culture.' 'Are these going to taken care of? I think those are real concerns.' 'The Assam chief minister (Sarbananda Sonowal) was one of the leaders of the All Assam Students Union which fought for and is one of the signatories to the Assam Accord.' 'Today, his comrade-in-arms (Samujjal Bhattacharya, chief advisor, AASU) is leading the opposition in the streets.'
According to a commerce and industry ministry statement, the growth rate for these eight key sectors for April 2019 has been revised upward to 6.3 per cent from 2.6 per cent reported earlier mainly due to upward revisions in production of coal, crude oil, steel, cement and electricity.
A television producers' association called Core Committee Film Producers' Bodies has asked its members to stop TV shoots due to the harassment by different worker associations regarding payment issues.
Most members of the Reserve Bank of India's monetary policy committee (MPC) decided to stick to the course on bringing retail inflation to the target of 4 per cent while voting for maintaining status quo in the April review, except external member Jayanth Varma who voted for a 25 bps cut in the repo rate. "I believe that the extant monetary policy setting is well positioned," RBI governor Shaktikanta Das said in the minutes of the policy review, which came out on Friday. "Monetary policy transmission is continuing and inflation expectations of households are also getting further anchored.
The US Fed interest rate decision, domestic inflation data and global trends would be key driving factors in dictating movement in the market this week, as the Lok Sabha elections outcome and the RBI policy decision are behind us, analysts said. The past week was a roller-coaster ride for investors as markets swung sharply in both directions before closing with strong gains.
President Xi Jinping was on Thursday elevated as the "core leader" of China's ruling Communist Party, conferring on him a status similar to that of party founder 'Chairman' Mao Zedong that dilutes the three-decade-old collective leadership principle to avoid personality cult.
Zee Entertainment on Friday said it has "pruned" its Technology and Innovation Centre (TIC) by about 50 per cent following the guidance of a special committee, which had conducted a critical assessment of its several business verticals. The MD & CEO has pruned TIC staff strength by 50 per cent to achieve a cost-effective structure, a Bengaluru-based business vertical of the company that offers technology solutions, Zee Entertainment Enterprises Ltd (ZEEL) said in an official statement.
The government, which is celebrating 75 years of India's Independence, has proposed that India@75 tableaux include India's freedom struggle, its achievements, actions and resolves over the past seven decades.
A day after the ice was broken, Shiv Sena and Bharatiya Janata Party leaders on Saturday held talks to end the tangle over seat-sharing for Maharashtra Assembly polls but failed to reach a consensus with BJP rejecting Sena's formula offering it 125 seats to contest and instead upped its ante by suggesting a new proposal.
Three years after India declared its goal to become a net-zero economy by 2070, the policy design for achieving the target has begun, with the NITI Aayog forming dedicated multi-sectoral committees to prepare a transition plan. In 2021, India joined a select group of nations that set a target year for becoming net-zero carbon economy. At COP26 in Glasgow, Prime Minister Narendra Modi outlined a five-pronged 'Panchamitra' climate action target for India and committed to a net-zero target by 2070, joining nations like the US, the UK, and China.
With Eranna Bhimappa Kadadi and Ashok Jasti -- one Lingayat and one from the OBC -- named as BJP's candidates for the upper house, bypassing the recommendation of the state unit chief Nalin Kumar Kateel and Chief Minister BS Yediyurappa, as well as the core committee of the state, BJP leaders in Karnataka say the move is calculated to diminish the stature of the CM and create conditions for him to be eased out.
Asked by reporters if there will be surprise candidates in the fray from the Bharatiya Janata Party, he said: "Certainly, there is a plan for new experiments in certain constituencies and they will happen."
Hockey India secretary general, Narinder Batra has been appointed as a member of the Competitions Committee of International Hockey Federation (FIH) for a second consecutive term.
Biden, 'plotting an ambitious presidency that would begin amid twin health and economic crises, is leaning on veteran advisers with high-level governmental experience rather than outsiders and ideological rivals to help guide him on subjects including the coronavirus pandemic and the country's diminished standing in the world', a report in The New York Times said.
The ministry of information and broadcasting (I&B) on Wednesday held an inter-ministerial meeting with various departments to discuss issues regarding revenue sharing between Big Tech companies and digital news publishers, according to sources. The meeting - chaired by I&B Secretary Sanjay Jaju - invited senior officials from the ministry of corporate affairs (MCA), Competition Commission of India (CCI), ministry of electronics and information technology (Meity) and departments of promotion of industry and internal trade, legal affairs and consumer affairs.
India received consular access on at least three occasions to Nikhil Gupta, who is detained in a Czech prison following charges by the United States relating to a foiled assassination attempt on a Sikh extremist.
Earlier, Vijay Wadettiwar questioned the recent meeting between Sharad Pawar and his nephew Ajit Pawar, who heads the rival faction of the party.
State health minister Veena George said a meeting was held between the principal secretary of the health department and the Union health ministry earlier in the day and now the monoclonal antibody has arrived.
After being overlooked for the India T20I captaincy, Hardik Pandya's leadership future at Mumbai Indians looks to be on shaky ground.
Mumbai's 45 mohalla committees and the many voluntary groups working to bring communities together in the city can be counted upon to do their utmost to stop riots.
The Congress on Wednesday removed its former Uttarakhand unit chief Kishore Upadhyay from all positions for anti-party activities, pending further action in the matter.
The move came hours after Khan was removed from office through a no-confidence vote held early Sunday morning, becoming the first premier in the country's history to be sent home after losing the trust of the House.
'The struggle of insurgents and pro-independence political activists is fuelled by a deep conviction that not only is a free Balochistan possible, but they also believe that Pakistan will inevitably break apart, leading to Balochistan's independence.'
The Shiromani Akali Dal on Friday announced sweeping organisational reforms, saying it will now follow the one family, one ticket principle at elections and ensure that half of its contestants are below 50.
The announcement came after the protesting farmers received a letter from the central government, with promises of forming a committee on minimum support price (MSP) and withdrawing cases against them immediately.
'Unlike in the sporting arena, where sports federations moved from partisan to impartial referees, in Indian democracy's biggest festival, it appears we are moving backward from unbiased and objective to one-sided and partisan,' observes Nilanjan Mukhopadhyay.
Seat sharing and campaign is likely to be top of the agenda, they added.
The Uniform Civil Code bill was passed by the state assembly and also received the presidential assent recently after which it has become a law.
Opposition Congress claimed that the accused was linked to the Bharatiya Janata Party. The ruling party, however, denied the allegation.
Senior Congress leader Rajani Patil is set to be declared elected unopposed to the Rajya Sabha from Maharashtra after the opposition BJP on Monday withdrew its candidate from the next month's bypoll.
