RBI Governor Shaktikanta Das on Friday said that inflation is on a declining trajectory, as it has fallen by 170 basis points from its January 2020 peak. Retail inflation fell to four-month low of 5.91 per cent in March over the previous month, mainly due to easing food prices.
'When you need to revive the economy, when you need to revive aggregate demand, you cut taxes.' 'But what's this government doing?' 'It's increasing taxes for the middle class and the vast majority of the poor on fuel, which has a ratchet effect on most other products.'
More important is to diversify the country's farm production base.
'Several businesses like entertainment, hospitality, travel etc would never be the same again.'
'The COVID-19 pandemic is going to send an unprecedented number of low-income households deep into poverty,' says Geetanjali Krishna.
Sri Lanka's former finance minister Basil Rajapaksa, who is the youngest brother of President Gotabaya Rajapaksa, was stopped from boarding a flight to Dubai on Monday evening, local media reported.
India is expected to harvest 291.95 mt of foodgrain in 2019-20
Sri Lankans were on the edge on Tuesday as they waited whether embattled Gotabaya Rajapaksa will honour his offer to resign as president, amid signs that key members of the erstwhile powerful ruling family were attempting to flee in the face of massive public anger against them for mishandling the economy that has bankrupt the country.
'We don't have a plan for the crisis at all. The uncertainty will continue.'
It is for the first time in the history of Independent India that not a single Muslim is part of the Union Cabinet.
The Pfizer vaccine has already been approved for the public in the United Kingdom and, Canada.
Kavitha Kuruganti has been fighting for decades to ensure farmers are respected and get their due from the Indian nation. In order to ensure they don't struggle for a living, she works to ensure sustainable farm livelihoods and farmers' rights.
Union finance secretary T V Somanathan recently said the Centre had saved Rs 10,000 crore in FY22 on interest payments after adopting new accounting mechanisms for central government agencies and centrally sponsored schemes (CSS) for state governments. Speaking at an event, Somanathan said due to these, there was an unspent balance of Rs 1.2 trillion with state agencies from CSS as on March 31, 2022. This means this amount will be reduced from the Centre's borrowing for now and it can be considered a short-term saving for the exchequer.
They say that a stimulus package may not be necessary because, unlike last year's total lockdown, public transport, including the railways and airlines, is running and the restrictions on movement are localised and, in some cases, are partial rather than total.
Cereals like millets can help alleviate malnutrition and improve public health, reports Surinder Sud.
Organisers warn participants against eating out over COVID-19 risks.
Since the beginning of 2020, i-bankers have collected nearly Rs 1,800 crore by way of IPO fees. Interestingly, the India fees this year form just 1 per cent of the global fee pool of $13.7 billion from IPOs.
A one-day complete lockdown to tackle the rapidly rising COVID-19 cases was enforced across Tamil Nadu on Sunday while police, local and health authorities stepped up measures to check violations.
Pfizer can show the FDA approval to the Indian regulator and present a case that based on whatever data submitted, the US regulator has granted a full marketing nod, says Sohini Das.
In a letter written recently to the Finance Minister, Pawar had said that arrears of sugar mills have risen to over Rs 10,000 crore (Rs 100 billion) and there was a need to hike import duty to curb shipments, which is putting downward pressure on local prices.
A day after India's Prime Minister Narendra Modi and his Cabinet of 45 ministers, the analysis has begun. Of the 44 ministers examined, a report by the Association for Democratic Reforms reveals that 13 of Modi's men have criminal charges registered against them.
Not displaying the mandatory information, including country of origin, on products sold on their platforms in India, draws government's attention.
The Centre also referred to various international economic reports and surveys to emphasise on the need for Aadhaar.
'I am sceptical of the Indian economy returning to a sustained high-growth trajectory any time soon'
'Most of the measures the finance minister announced will take effect after the lockdown.' 'By that time, millions of people will be starving.'
The poll panel also referred to the reported strong oral observations of the top court against it during the last hearing on the PIL on the issue, saying they have "caused irreparable damage to the reputation of this institution built over the years".
There is no foodgrain shortage in the country as our total storage capacity is more than 81 million tonnes, while the public distribution system requirement is 61 million tonnes, says Ram Vilas Paswan.
.jpg)
According to an internal assessment of the food ministry, shared with chief ministers recently, Tamil Nadu, Kerala, Jammu & Kashmir and Himachal Pradesh will see a massive reduction in their annual grain allocation.
A day ahead of former Congress chief Rahul Gandhi's visit to Rajasthan to raise the voice of the farmers against the farm laws, he said that the Centre should withdraw the laws and after thorough consultation with farmers and states, come up with a new set of legislations which the tillers would themselves want and is not something that is forced upon them.
Suggestions have been invited from the public to improve the draft bill and July 19 is the last date for it.
The 1,600-member crew and a slew of civilian workers were working like busy bees on Friday preparing the majestic warship IAC Vikrant for its commissioning on September 2.
Strict lockdown-like restrictions are already in place in the southern stateand the Pinarayi Vijayan government decided to clamp the complete shutdown in the wake of severe spike in the positive cases.
Cracking down further on hoarding, the Centre on Wednesday put onion and potato under purview of the Essential Commodities Act and imposed stock holding limits in a bid to improve availability and rein in prices.
After the Gujarat and Himachal elections and the municipal polls in Mumbai and Delhi, Karnataka, Rajasthan, MP and Chhattisgarh will elect new assemblies next year leading up to the Lok Sabha election in April-May 2024, points out Virendra Kapoor.
The proposed lockdown, sans present relaxations, will be implemented from June 19 to 30 and on two Sundays (June 21 and 28) there shall be a full scale shutdown without any relaxations.
Rupani on Sunday met Governor O P Kohli and staked claim to form the government, a day after he was elected by BJP legislators to succeed Anandiben Patel.
'Everybody should be given rations. Nobody should be excluded.' 'Without an income, the present ration quota is not enough.' They should increase it so that one person can eat adequately for a month.'
Ola has reported its first operating profit of Rs 89.82 crore for 2020-21, even as the ride-hailing company's revenue declined 65 per cent to Rs 689.61 crore amid COVID-19 induced lockdowns. As per regulatory documents filed by ANI Technologies - the parent company of Ola - it had logged standalone operating profit (profit before finance cost, depreciation, amortisation and tax (EBITDA)) of Rs 89.82 crore in FY21 on a standalone basis, while it had registered a loss of Rs 610.18 crore in the preceding fiscal year.
Under the TFA, a proposal of developed countries, WTO members are negotiating ways to facilitate trade, simplify and harmonise customs rules and reduce transactions cost. Although India is willing to negotiate on TFA, it has raised few concerns over the proposed agreement.
However, organisations such as the Missionaries of Charity will not be eligible for the extension benefits as their applications for a renewal of the FCRA registration have already been rejected, according to a notice issued by the ministry of home affairs.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances