'There are many things we need to work on.' 'At the heart of it is, one, the extent of inequality, which is not good for democracy and nation; two, a structural decline on how a country ought to function, how people should be held accountable, whose role is what.'
Summary of sports events and persons who made news on Monday
Domestic capital market will see the launch of India's largest-ever initial public offering (IPO) next week. Life Insurance Corporation of India's (LIC's) landmark Rs 21,000-crore IPO will open for subscription on Wednesday. Here's a look at some unique features of this mega offering, which are not typically seen in other IPOs.
The party, the sources said, has also approved 50 per cent representation to SCs, STs, OBCs and minorities at all levels of the organisation, as part of its social engineering efforts to win the confidence of the weaker and oppressed sections of society.
State-owned Indian Oil Corporation (IOC), Adani-Total Gas Ltd and Shell were among the 29 companies that bid and bought natural gas to be produced from the deepest field in the KG-D6 block of Reliance Industries Ltd and bp, sources said. IOC walked away with almost half of the 6 million standard cubic meters per day of gas sold in an e-auction on Wednesday while state-owned gas utility GAIL bought 0.7 mmscmd, Adani-Total Gas Ltd 0.4 mmscmd, Shell 0.5 mmscmd, GSPC 0.25 mmscmd and IGS another 0.5 mmscmd, two sources with knowledge of the matter said. Reliance-bp on Wednesday held an e-auction for sale of gas from the MJ field in their eastern offshore KG-D6 block after incorporating the government's new marketing rules to give CNG-selling city gas companies first priority over supplies.
The British Formula One Grand Prix was halted and re-started on Sunday after a multi-car opening-lap collision left Chinese driver Guanyu Zhou's Alfa Romeo wedged on its side between the tyre barrier and catch fence.
RBI had asked banks to price fixed rate loans of up to three years based on marginal cost of funds from April 1
The Union Cabinet on Wednesday hiked Dearness Allowance (DA) and Dearness Relief (DR) by 3 per cent to 34 per cent to compensate for the price rise, benefitting over 1.16 crore central government employees and pensioners. The additional instalment will be effective from January 1, 2022, said an official release after the Cabinet meeting. "The Union Cabinet...has given its approval to release an additional instalment of DA to central government employees and DR to pensioners w.e.f. January 1, 2022, representing an increase of 3 per cent over the existing rate of 31 per cent of the Basic Pay/Pension, to compensate for price rise," an official statement said.
Regulatory capacity, hyperactivity and excessive prescription are the biggest challenges the financial sector is facing, said Meleveetil Damodaran, former chairperson, Securities and Exchange Board of India (Sebi). Speaking at the Business Standard BFSI Summit on Wednesday, Damodaran highlighted the need for simpler, clear, and continuous regulations in the financial sector. He opined that the industry had felt it challenging to keep pace with the changing regulations.
He said the party has not extended an invitation to Singh to join the yatra.
As Sachin Tendulkar completes his 50th birthday, an A-Z listing about the 'Little Master'.
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.
George Russell will replace Valtteri Bottas and race for Mercedes next season in an all-British line-up with seven times world champion Lewis Hamilton, the Formula One team said on Tuesday.
To chart the Congress's future course, its chief Sonia Gandhi on Tuesday formed three groups -- on political affairs for guidance on key issues, task force-2024 to implement the Udaipur 'Nav Sankalp' declaration, and another to coordinate the October 2 'harat Jodo Yatra.
Anahat Singh seals berth for World Junior Squash C'ship after topping selection trials
Ferrari's Charles Leclerc claimed his second win of the Formula One season
Hamilton has won the last three races, out of four so far in this COVID-19 affected season, and will start as favourite again.
Charles Leclerc overcame a late throttle scare to win the Austrian Grand Prix for Ferrari on Sunday and become Formula One championship leader Max Verstappen's closest rival.
If future episodes are as verbose and unwieldy, it might be difficult to keep from switching channels, points out Deepa Ghalot.
Formula One's August shutdown will be brought forward and extended to a mandatory 21 successive days in March and April as a result of the coronavirus outbreak, the governing body FIA said on Wednesday. The 2020 race calendar has already been suspended, with last weekend's Australian season opener in Melbourne cancelled and the next three races at least postponed. The sport hopes to race again at the end of May.
Mick Schumacher, who will face intense scrutiny as embarks on his Formula One career, said for now he was simply overwhelmed to be following in his father's footsteps and called his promotion a dream come true.
Twitter users flooded the social network with messages against the move, making #StopHindiImposition and #TNAgainstHindiImposition the top trends on platform.
Ferrari's Charles Leclerc secured pole position for the Singapore Grand Prix on Saturday after a furious Max Verstappen was forced to abandon his fastest lap for fear of running out of fuel.
Ramkumar-Balaji win Cassis Challenger title.
Test cricketers from England and South Africa paid tributes to Queen Elizabeth II as they wore black armbands and observed a minute's silence ahead of start of Day 3 of the third and final Test match at The Oval in London.
Hamilton has won 71 races, 20 fewer than Schumacher, and four titles for Mercedes in the past five years. The first was with McLaren in 2008.
Lewis Hamilton is on course for his most successful campaign yet and can become only the third driver after Michael Schumacher and Sebastian Vettel to win 13 times in a season.
The Congress is likely to get 11 Rajya Sabha seats in the upcoming election cycle with some of its top leaders, including P Chidambaram and Jairam Ramesh, eyeing another term.
The government must expedite its plan for asset sale and privatisation, both of which hardly got any mention in the Budget speech, points out A K Bhattacharya.
South Africa are not sure how they are going to deal with England's new aggressive approach to playing Test cricket with coach Mark Boucher saying on Monday they will adopt a wait-and-see attitude when the first match starts at Lord's on Wednesday.
Officials from State-run refiners contend that savings from purchase of Russian oil are used to offset a part of the losses in revenues from selling transport fuels and LPG at State-set rates.
The crucial meetings come amid talks of the Congress leadership making efforts to bring all leaders together ahead of next year's Punjab Assembly polls and present a united face of the party.
F1, Silverstone still optimistic despite UK quarantine rules
Australia still searching for their best formula in ODIs, says Finch
Red Bull's Formula One championship leader Max Verstappen won the Hungarian Grand Prix from 10th on the starting grid on Sunday as Ferrari rival Charles Leclerc suffered another strategy nightmare.
'This setback is only transient, and this too shall pass.'
Senior leader P Chidambaram whose Rajya Sabha tenure is ending from Maharashtra is under consideration from Tamil Nadu as the Congress is all set to get the support of alliance partner the DMK. The G-23 leaders, including Ghulam Nabi Azad, Anand Sharma and Vivek Tankha, are also said to be in contention.
The victory on a hot afternoon at Le Castellet was Verstappen's seventh of the season and 27th of his career.
The FIA expected its investigation to take six to eight weeks. It will look at all safety devices, how the safety barrier performed and the role of track marshals and medical intervention team.
'Remember to pick a mentor, with whom there are one or two degrees of separation.' 'Any more than that, you are wasting time.'
