D K Sarraf replaces Vasudeva, who turned 60 on Tuesday and is due to superannuate on Friday.
While Lok Sabha Speaker is yet to decide on Leader of Opposition, the Centre on Monday went ahead with the process of appointment of Central Vigilance Commissioner and sought nominations of eligible candidates from all secretaries.
The Central Bureau of Investigation has registered a case against former Viswa Bharati University Vice Chancellor Sushanta Kumar Dattagupta
Mukherjee's family and relatives paid their last respects clad in PPE kits while conforming to COVID-19 safeguards.
'It is the moment where compassion and empathy must supersede our identity, politics, or our ambitions.'
Government to pay disproportionately high interest for borrowings from savings, overturning a nearly two-decade-long process of reforms in the management of public debt.
The perpetrators of the 2008 Mumbai attack, who shot dead 166 people, had confessed to details that should have been enough to hang him, but Pakistan enjoyed his anti-India rhetoric and let him spread his tentacles. A revealing excerpt from Khaled Ahmed's Pakistan's Terror Conundrum.
The central government has made Intelligence Bureau's clearance mandatory for appointment of a private person as Officer on Special Duty (OSD) to a minister.
With EU, it is part of the FTA that we will need to negotiate.
The pipeline for well-qualified and experienced policy economists at senior levels of government has broken, leading to a growing dearth of suitable candidates for top economist positions.
The new policy would create more vacancies at the Centre, as some who were denied promotions are thinking of returning to their home state, report Sahil Makkar and Ishan Bakshi.
Sujatha Singh is the third senior official to have been dismissed by NDA.
Modi is believed to have signed on Ashok's appointment file before he left for Brazil to attend BRICS Summit, an oil ministry official said in New Delhi.
Defiant Thai protesters on Thursday cut power supply to the national police headquarters, ignoring a plea by beleaguered Prime Minister Yingluck Shinawatra to end their anti-government rallies and negotiate after she emerged unscathed from a no-confidence debate.
All you need to know about the case and the man behind the drama that has ensued.
Prime Minister Modi felt there were too many silos with no arrangement to take a comprehensive view on national security. The PM has entrusted NSA Ajit Doval to evolve a comprehensive roadmap and get it implemented, reveals Nitin Gokhale, Editor-in-Chief, Strategic News International.
Is the Modi government serious about the safety of women in India?
'Modi as the PM of the country has to take everybody on board and deliver on good governance. That is his responsibility. In that talking alone won't help, he's working.' Commerce Minister Dr Nirmala Sitharaman tells Sheela Bhatt/Rediff.com how the Modi government plans to change India.
Despite crude comfort, heavy spending cuts needed to offset Rs 80k-cr revenue shortfall
Benchmark indices failed to sustain gains and retreated from day's high dragged primarily by the losses in metals, information technology and bank shares as investors started to book profits in late noon deals. Earlier, markets had scaled fresh all-time highs on the surprise post-budget rate cut by Reserve Bank of India (RBI). The 30-share Sensex ended down 213 points at 29,380 and the 50-share Nifty closed down 74 points at 8,922. Intra-day, Sensex reached the all-time high mark of 30,024.74 while Nifty touched the life-time high level of 9,119.20. In the broader market, both the BSE Midcap index and Smallcap indices, down 1% and 1.2% each underperformed the front-liners. Market breadth in BSE ended negative with 1,882 declines against 1,010 advances. A day after signing an agreement with Finance Ministry on inflation targeting, RBI surprised the markets with an early post-budget repo rate cut of 25 bps (basis points) to 7.5% from 7.75% which was again outside of central bank's scheduled policy review meetings as the earlier rate cut effected on January 15. "RBI's latest rate cut of 25 basis points, while a surprise in its timing is in-line with our expectations of a sharp rate-cutting cycle over the coming quarters. With inflation sustainably lower by 500bps, the RBI has in recent months acknowledged the scope for rate cuts and was only waiting for additional comfort that the government's fiscal policy would not play spoil-sport," said Dinesh Thakkar, chairman and managing director at Angel Broking in a note. Analysts at Karvy believe that further monetary policy action will depend on number of factors including easing of supply constraints, improved availability of power, land, minerals and infrastructure, fiscal consolidation, the pass through of rate cuts by banks and the expected monsoon. Citing weakness in some sectors of the economy and the overall global trend towards monetary easing as rationale for the rate cut the central bank also exuded confidence in the road map for fiscal consolidation as laid out in the Union Budget, 2015. Commenting on how the markets reacted to RBI's surprise move, K Subramanyam assistant vice-president (institutional research), Asit C. Mehta Securities said, "The unexpected cut did take the market by surprise .However, credit off-take is not dependant only on interest rates. A gradual revival in the economy would be of more help which would trigger credit off-take. Hopefully this will follow and RBI's action would prove helpful. From market point of view this is bullish as equity becomes more attractive vis-a-vis falling interest rates." On the macro-economic front, the HSBC services PMI rose to an eight-month high of 53.9 in February up from 52.4 in January indicating strong expansion in output across the sector. Respondents cited robust growth of new business as the principle factor for the increase in activity. Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 773 crore on Tuesday, as per provisional data. Buzzing Stocks 9 out of the 12 sectoral indices of BSE ended in red. BSE Metal index, down 2.4% was the top loser followed by BSE Oil & Gas and Power indices, down 1.3% each. BSE Healthcare index, up 1.2% and BSE FMCG index, up 0.9% were the top losers. Bank stocks came under during late noon trades as traders booked profits at higher levels. However, RBI rate cut may encourage large lenders to cut their lending rates boosting demand for home and auto loans and provide funds for various stalled and new projects. Many stalled projects across the country are waiting for cash to restart work. The stock of stalled projects at the end of December 2014 stood at Rs 8.8 lakh crore or 7% of GDP. ICICI Bank ended down 0.1%, Axis Bank and SBI declined over 3% and HDFC Bank shed 1.5%. Sun Pharma gained over 6% on approval granted to Sun Pharma Advanced Research Company (SPARC) by US FDA for an antiepileptic drug. The product will be manufactured by Sun Pharmaceutical Industries at its Halol (Gujarat) facility in India. SPARC was formed in 2007 when Sun Pharma separated out its active projects in drug discovery and innovation into a new company. Dr Reddys Lab and Cipla have gained over 1% each. ITC gained over 1% after consecutive sessions of losses on the proposed larger-than-expected hike in excise duty on cigarettes in the Union Budget. The biggest ever auction of spectrum by the Department of Telecommunications (DoT) started on Wednesday in the morning where government expects to garner Rs 80,000-1lakh crore from the sale of spectrum. Idea Cellular gained over 2%, Reliance Communication gained around 1% and Bharti Airtel closed 0.5% higher. Metal stocks were under pressure in today's session. Hindalco declined over 3%, Sesa Sterliteended down over 4% and Tata Steel closed down 2%. Profit-taking in IT stocks led to Wipro losing around 1.8%, Infosys declining 0.7% and TCS losing 1.5%.
'You can never bring about a change if you only bring in outsiders. Consultants will never feel what changes are necessary and where,' says Railway Minister Suresh Prabhu.
A tussle between the Delhi government and the Lt Governor has left bureaucrats vulnerable to sudden transfers.
Ayushman Bharat aims at providing a cover of Rs 5 lakh per family annually and is aimed at benefitting more than 10 crore poor families across the country.
The agency on Friday also carried out searches on the premises of the Gitanjali Group at 20 places in Mumbai, Pune, Surat, Jaipur, Hyderabad and Coimbatore.
The DDCA probe panel chief has informed the Centre that he was under "pressure" for naming some individuals, including a "VIP", in his report on the cricket body's affairs.
A group of retired civil servants also called upon the PM to reach out to the families of the victims in Unnao and Kathua and "seek their forgiveness on behalf of all of us".
The EC also ordered the removal of Principal Secretary (Home) Atri Bhattacharya and Additional Director General, CID, Rajiv Kumar from their postings in West Bengal.
What does Nobel Laureate Abhijit Banerjee thinks about India's education sector?
The judgment in the 2G case is a huge, huge, indictment of the criminal investigation and justice system, says R Jagannathan.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
Captain Pradeep Shoury Arya is an Income-Tax officer whose mission against terrorists in J&K won him the Shaurya Chakra.
International cab-booking service Uber was banned on Monday in the national capital, a day after one of its drivers was arrested for allegedly raping a 27-year-old woman executive amid growing outrage over the incident which renewed focus on safety measures for women.
Though Indians were no strangers to scams, spectrum loss was beyond their wildest imagination.
CAATSA was aimed at Moscow and not intended to damage the military capabilities of its 'allies and partners', US said.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
Right now the challenge before the government is to double the speed of construction in order to complete the remaining 6.6 million houses before March 2019.
'Adaptability is what is needed right now and students have to continuously learn the new tools to remain relevant in the career they choose.'
Promoter entity RRPR - owned by Prannoy and Radhika Roy - says allegations baseless; replies to queries by Sebi.
We remain at the mercy of the global economic climate.
James Wilson tracks down discrepancies in the much-hailed demonetisation policy and the subsequent statements of the government and the Reserve Bank of India.
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