Group Commander (coordination) B K Jha was admitted to the Central Armed Police Forces Hospital in Greater Noida after he contracted COVID-19 and breathed his last early morning.
Tamil Nadu's unending legislative fight for exemption from NEET has now flagged the question if it's time to review the Supreme Court's famous verdict in the 'Mandal case', fixing 50-per cent upper-limit for all reservations, asks N Sathiya Moorthy.
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
APSCC Chairman Jagmohan Singh Raina talks about the life and times of the Sikh minority in a politically tumultuous region of Jammu & Kashmir.
Among the index heavyweights, Reliance Industries ended down 1.9% while mortage lender HDFC eased 0.2%. FMCG major ITC ended down 1.3%.
The BSE Mid-cap index gained 1.1% while the Small-cap index surged 1.3%, outperforming the benchmark indices
SBI is the first major state-run bank to hike lending rates after short-term rates rose as a result of the Reserve Bank of India's liquidity tightening moves announced in July.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
The prime minister and president stated their intention to expand defence co-operation to bolster national, regional and global security.
Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in.
What is killing the risk appetite of the bond buyers is the inconsistency in the central bank's approach. It needs to allow the yield to find its own level, gradually. To ensure that, the RBI may adopt a similar approach with which it handles a slipping rupee, asserts Tamal Bandyopadhyay.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
Market sentiment around the stock has continued to be positive on the back of improving outlook for the US economy and anticipated weakness in the rupee.
The next policy meeting will be in mid-June, when the panel will be joined by Stanley Fischer, the former Bank of Israel governor whose nomination to the Fed's board was confirmed on Wednesday by the US Senate.
RBI Governor has been under pressure from Finance Ministry.
A logjam on the GST front could turn things upside down and turmoil in Gujarat might also have an adverse impact
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
Money permits patronage. Money means power. No wonder details of the crores locked up in NPAs and never repaid loans are top secret, Sunanda K Datta-Ray.
Between Friday's and Monday's close: Yields on 10-year bonds up 6 basis points, rupee slides 13 paise against dollar, Sensex ends flat
Central bank raises red flag, warns of potential risk
Although the RBI's open market operations have ensured sufficient system-level liquidity, some sectors are finding liquidity to be a challenge owing to their credit profile.
The International Olympic Committee has set June 29, 2021 as the new deadline for the qualification period of the Tokyo Olympics, which has been rescheduled to next year in the wake of COVID-19 pandemic. According to the letter dated April 2, the revised sport entries deadline has now been set for July 5, 2021.
'Slower-than-anticipated recovery can be a bigger risk this time than a liquidity-driven event -- at least for India.'
What might be useful is targeted assistance to those sectors and individuals that are disproportionately affected, suggests Mihir S Sharma.
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and investment, according to a UN report. The UN Department of Economic and Social Affairs said in its World Economic Situation and Prospects (WESP) report released on Wednesday that the war in Ukraine has upended the fragile economic recovery from the pandemic, triggering a devastating humanitarian crisis in Europe, increasing food and commodity prices and globally exacerbating inflationary pressures. The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast released in January 2022.
The Tamil Nadu assembly on Tuesday once again adopted the anti-NEET Bill, returned days ago to the government by Governor RN Ravi, with the ruling Dravida Munentra Kazhagam and principal opposition All India Anna DK reaffirming their opposition to the test.
Director general, Railway Protection Force (RPF), Arun Kumar has asked general managers of zonal railways to keep vigil to contain the impact of the nationwide strike called by farmer groups against the three agri laws.
The economists, polled by industry body Federation of Indian Chambers of Commerce and Industry, said the RBI may raise the cash reserve ratio, which is a portion of deposits that banks keep in cash with the central bank, by 50 basis points to 5.5 per cent, although this would have no impact on containing inflation.
'Election years tend to see high government expenditure on unproductive schemes, though that money sloshing around can boost private consumption.' 'Again, it can mean higher inflation,' explains Devangshu Datta.
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
'This looks like a long-term bear market and there could be mounting losses in the near-term,' says Devangshu Datta.
While far from being a currency war, India does not have much of an option but to depreciate to accommodate its exports at a time when China shows its intent to let its currency depreciate.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
The RBI has made serious attempts to improve fiscal deficit.
Summers dogged by controversies over past views
A two-year extension at the helm of the RBI still looks a real possibility
Many factors leading to the 2008 financial crisis still exist.
'China could place the currency on a par with global biggies. But it has to wait to be a serious challenger.'
'Clearly, the depositors of cooperative banks need the maximum protection.'
