Most members of the monetary policy committee (MPC) argued for front-loading interest rate hikes in view of rapidly rising inflation during the off-cycle monetary policy review earlier this month - the minutes of the meeting published on Wednesday showed. In early May, the rate setting committee met unscheduled and unanimously decided to hike the repo rate by 40 bps. This was the first repo rate hike in four years, and an inter-meeting hike in more than a decade.
The Pakistan Parliament witnessed multiple adjournments and heated arguments, but the voting on a no-confidence motion against him appeared to be a distant possibility.
Investments by private equity and venture capital funds in November stood at $6.8 billion across 102 deals, which is double by value when compared with the pandemic-impacted year-ago period but half of the bets in the preceding month of October, as per a report. In November 2020, such high-risk investors had infused $3.9 billion, while in October, the total investments had stood at $13.1 billion, the monthly data shared by industry lobby IVCA and the consultancy EY said. The overall investments in the first 11 months of the year have touched $72.6 billion, which is 53 per cent higher than the all-time high for a year achieved in 2020, it said.
Historically, India has never been expansionist in its outlook and her approach has always been of peaceful coexistence and one designed to deter the forces of terror and disruption.
A nine-feet tall cold bronze statue of the first Sikh ruler, Maharaja Ranjit Singh, was on Tuesday vandalised by an activist of the banned Tehreek-e-Labbaik Pakistan (TLP) at the Lahore Fort in Pakistan's Punjab province, according to media reports.
A gazette notification was issued after the panel, headed by retired Supreme Court judge Ranjana Prakash Desai, signed the final order giving Jammu six additional seats and one more to Kashmir.
Instead of conceding the demand for a cut in personal income-tax rates, Finance Minister Nirmala Sitharaman should phase out many exemptions in both personal and corporation taxes, suggests A K Bhattacharya.
WNBA concerned over Brittney Griner situation
However, rural demand continued to remain a concern for FMCG companies during the quarter.
'This fall is nothing. We could see worse if everybody hits the panic button.'
Russell said even though players were now somewhat used to staying in bubbles on tours, it was still challenging to experience it each time.
Recently, South Korean Foreign Minister, Chung Eui-yong, dialled his Indian counterpart, S Jaishankar, in New Delhi. His government, he said, "regretted the offence caused to the people of India". A day earlier, India had summoned the South Korean ambassador to express its "strong displeasure" over "an unacceptable social media post".
Meanwhile, with China switching its trading partners due to geo-political issues, increased trade with South Africa for bauxite and with the US for coal is also auguring well for vessels with tonne miles going up.
Chaudhry, the former information minister, said that the decision was taken in a meeting of the lawmakers of the party ahead of prime minister's elections for which the party has nominated ex-foreign minister Shah Mehmood Qureshi.
The two Sikhs were in the business of spices and had shops in the Bata Tal bazaar in Sarband, about 17 km from Peshawar.
The SC has restored the National Assembly after it declared the government's decision to dissolve the assembly and NA Deputy Speaker Qasim Suri's ruling against the Constitution.
He also stressed that whether we look from the world point of view or from the national viewpoint, the responsibilities of each member of the BJP are constantly growing. "Each and every worker of the BJP is a representative of the country's dreams," added PM Modi.
Senator Faisal Javed, who was injured when a bullet grazed his face, said that a party worker was killed during the attack, while another was severely injured.
Many big countries are facing difficulties in doing so for their citizens, Modi said.
Prime Minister Narendra Modi on Friday pushed Russian President Vladimir Putin to end the conflict in Ukraine, saying 'today's era is not of war' even as he called for finding ways to address the global food and energy security crisis.
The FAC found that the failure happened when the Geosynchronous Satellite Launch Vehicle rocket's cryogenic engine was to kick in to take the rocket forward.
Will open radio access network technology (O-RAN) disrupt the way 5G networks roll out in the country? After all, it promises to offer a substantially lower capital cost, enables the choice of an array of vendors, and provides more network flexibility - all very important for telcos who expect to invest over Rs 60,000 crore to roll out a pan-India 5G network and that's without spectrum costs. But more importantly, it counters the stranglehold of global telecom gear makers such as Ericsson, Nokia, and Samsung over telcos to whom they sell propriety technology and bundled hardware and software.
The Delhi high court on Monday said it would hear on May 10, pleas by internet and social media giants, Facebook, Twitter and Google, challenging an order directing them to remove, block or disable on a global basis links to a video containing defamatory allegations against yoga guru Ramdev.
Acquainted with playing in Pakistan, English batter Alex Hales says the England and Wales Cricket Board's decision to pull out of the country's tour last year made 'zero sense' to him.
If the Indian son-in-law can become prime minister in another country, could the daughter-in-law have not become one here, especially considering that the Indian culture and tradition is for the bahu to live, think and act like her in-laws, asks N Sathiya Moorthy.
Geo-fencing to map vehicle route; pilot run expected on Delhi-Mumbai highway
'People want to know the life led by those living in Pakistan.'
'The potential headwind is that the Indian economy is likely to see a slowdown in growth rates over the next two years.'
There were fears the decisions by New Zealand and England would again dampen the prospects of international cricket in Pakistan but Australia confirmed this month they would tour next year for the first time since 1998.
While Rohit Sharma will be eager to test his ultra-aggressive batting template against the Asian giants, for Virat Kohli it is the perfect platform to return to form after enduring a tough phase in the last few years.
Finance Minister Nirmala Sitharaman on Saturday announced giving the private sector a role in India's space programme, including in satellites, launches and space-based services.
'Industry realises we cannot overly depend on imports from anywhere including China.'
Realtors' body CREDAI on Monday said the cost of construction has gone up by 20-25 per cent, mainly during the last 45 days, due to steep rise in prices of raw materials like steel, and builders will be forced to increase property prices from next month by an average 10-15 per cent. CREDAI-MCHI, the Maharashtra chapter of CREDAI, demanded that the central as well as state governments consider giving relief to the industry by reducing stamp duty and GST rates, besides allowing input tax credit (ITC) to developers. The association said it would not advise member developers to stop construction works as of now, but if the price rise continues then builders would have no option but to halt works at project sites and defer purchase of raw materials.
Khan's Pakistan Tehreek-e-Insaf (PTI) won 15 of 20 seats up for grabs in the politically crucial province of Punjab on Sunday, dealing a major blow to Prime Minister Shehbaz Sharif and his 13-party alliance led by the ruling PML-N.
Pakistan's Opposition leader Shehbaz Sharif on Sunday nominated himself for the post of prime minister, while Imran Khan's party threatened to withdraw its lawmakers from Parliament if the former Punjab chief minister was allowed to contest the election for the top post on Monday.
Military experts said the aim of constructing the bridge in the Khurnak area could be to ensure that the Chinese People's Liberation Army is able to quickly mobilise its troops in the region.
Very few members of the treasury benches were seen in attendance.
Members of the Monetary Policy Committee (MPC) felt that though the Indian economy was resilient in the third wave, it, however, lost some momentum and with inflation likely to soften, there is room to continue with the accommodative stance and support revival, the minutes of the MPC meeting released on Thursday revealed. The six-member MPC voted to keep the policy rate unchanged and continued with the accommodative stance at its meeting on February 10. However, external member Jayanth Verma voted against the stance because he felt a switch to neutral was long overdue and the current stance has become counterproductive and deflects focus away from addressing recessionary trends that date back to at least 2019.
Prime Minister Narendra Modi commissioned India's first indigenously designed and built aircraft carrier INS Vikrant in Kochi on Friday, that put India into a select league of countries with domestic capability to build such large war ships.
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