The Reserve Bank should focus on making liquidity easier rather than cutting rates if the intent is to drive growth, Axis Bank's chief economist Neelkanth Mishra said on Tuesday. Mishra, who is also a part-time member of the Economic Advisory Council to the PM, said the rate cut announced earlier this month or even the subsequent ones if they were to come will not end up increasing borrowings as the scarce liquidity will hamper transmission.
'It was the hostility of the Yunus regime that made India careful and wary of dealing with them.' 'They gradually backed off and lowered the noise, but the damage was done.' 'Their true colours had been exposed.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The Sri Lankan Navy has arrested 32 Indian fishermen and seized five fishing boats for allegedly venturing into the island nation's territorial waters. This incident is the latest in a series of arrests of Indian fishermen by the Sri Lankan Navy for alleged illegal fishing activities. The issue of fishermen is a contentious one in the relationship between India and Sri Lanka, with past incidents involving firing at fishermen and seizures of boats. This latest incident follows an earlier arrest of 10 Indian fishermen earlier this month and an incident in January where five Indian fishermen were injured after the Sri Lankan Navy fired on them. India has expressed its displeasure regarding the use of force by Sri Lanka.
'We just wanted to have that extra bit of cushion in the bowling.'
Mahindra & Mahindra on Saturday said it has decided to rename its new electric vehicle brand as 'BE 6' but noted that it will continue to contest strongly in court with InterGlobe Aviation for the trademark 'BE 6e'. InterGlobe Aviation, which owns IndiGo airlines, has taken the automaker to court over the usage of 6E in its new EV brand.
Vijay said the TVK respected all languages but would not give up its self respect for another language.
'Expect India to keep doing well irrespective of geopolitics.'
Towards the end of February, the Reserve Bank of India (RBI) restored the risk weighting on banks loans to non-banking financial companies (NBFCs; including to microfinance institutions, or MFIs) to 100 - back to its November 2023 position - from 125. It is only a partial relief though. "Higher risk weighting on unsecured lending continues to be in place while the same on bank funding to NBFCs has been done away with. "This is a positive step by RBI," says Rajiv Sabharwal, managing director (MD) and chief executive officer (CEO), Tata Capital.
The Mumbai Regional Transport Office (RTO) officials have said they suspect 'human error' and 'lack of proper training' led to the horrific accident in Kurla where a Brihanmumbai Electric Supply and Transport (BEST) bus fatally knocked down seven persons and injured 42 others.
Baby John had an ordinary opening day on Christmas with only Rs 11.25 crore (Rs 112.5 million) coming in.
Former Resolution Professional of insolvency-bound edtech firm Byju's has moved appellate tribunal NCLAT challenging disciplinary action recommended against him by the Bengaluru bench of NCLT.
Yashasvi Jaiswal's intense and innovative pre-tour training against short-pitched balls at the Thane Stadium contributed to his unbeaten 90 in Perth
World champion D Gukesh will take on Fabiano Caruana of the United States in the two-game quarter-final after the latter picked the Indian in a unique format typical of Freestyle Chess Grand Slam, in Hamburg, Germany.
Abuse of power, financial misconduct, and the never-ending turf wars are now coming to light as Boxing Federation of India's officials jostle to escape blame for the shocking turn of events.
'As the Budget has taken some measures to spur growth, similar action from the MPC may be expected.'
Tamil Nadu Chief Minister M K Stalin has strongly opposed the central government's award of tungsten mining rights in Madurai district, urging Prime Minister Narendra Modi to cancel the decision. Citing concerns about a biodiversity heritage site and potential impacts on local communities, Stalin asserted that the state government will not permit mining in the area.
New India Assurance and Niva Bupa have invested in the Bima Sugam India Federation.
With an aggressive mindset and intense training sessions, India looks set to make a powerful statement when they step onto the field, observes K R Nayar, the veteran cricket writer, from Dubai.
Their pre-tournament decision to fill the squad with five spinners drew a lot of flak from all corners, but it is now proving to be a masterstroke on the slow pitches in Dubai.
'We wouldn't have had to face all this had our national leaders taken care to select a place for Sindhis and sent us there, instead of sending us all over to settle in places where the locals didn't want us.' 'They could have partitioned Sindh and given us a Sindhi state from its two Hindu-majority districts.' 'Wasn't that the logic of Partition?'
'Due to this sudden phenomenon, guests stopped visiting the homes of these villages, girls and boys from these villages were not getting proposals; students were reluctant to attend schools and colleges for fear of being shamed.'
Odisha FC and Mumbai City FC played out a goalless draw in the Indian Super League in Bhubaneswar on Thursday
'We also realised that locking customers to our Cloud was not fair to them.'
Kotak Mahindra Bank's net interest margin is likely to swell after the Reserve Bank of India (RBI) lifted its restrictions on the private lender that barred it from issuing fresh credit cards and onboarding new customers through digital mode, brokerages said on Thursday. The bank's net interest margin (NIM) has seen a decline of over 35 basis points (bps) since the restrictions were imposed by the regulator in April 2024.
A seemingly invincible India will be eager to sharpen their game against spin and give a run to second-line players ahead of the semi-final when they take on New Zealand in their last group match of the Champions Trophy in Dubai on Sunday.
Despite recent fatal stampedes at the Kumbh Mela and a Delhi railway station, pilgrims, driven by faith, continue to participate in the holy gathering in Prayagraj. Despite safety concerns, pilgrims from across India are undeterred by the tragedy and are taking the holy dip at the Triveni Sangam.
Nilekani also said that there is a huge difference between the north and south in India in terms of the castes that have gone into business, with the south being much more progressive vis--vis non-traditional business communities entering into the fray of entrepreneurship.
When you're stressed, your body releases hormones like cortisol and adrenaline, which can interfere with your digestion process and cause excessive acid production, says Dr Aklesh Tandekar, head-consultant critical care, Wockhardt Hospitals.
The spinach callus tissue, sent by Amity University-Mumbai to space, has shown signs of growth in the POEM-4 module that is orbiting the earth at an altitude of 350 kms, scientists associated with the experiment said.
Aam Aadmi Party supremo Arvind Kejriwal on Saturday alleged the Delhi Police prevented the screening of a documentary exposing the 'secrets' and 'conspiracies' behind the arrest of his party leaders.
'Kerala will lose 6 seats, Tamil Nadu 9 seats, Telangana and Karnataka 2 seats each, Andhra Pradesh 5 seats.'
Aam Aadmi Party chief Arvind Kejriwal on Wednesday responded to the Election Commission notice over his claim the Haryana government was 'mixing poison' in Yamuna, and said raw water received from the Bharatiya Janata Party-ruled state in the recent past has been 'highly contaminated and extremely poisonous' for human health.
A lot of frauds have been committed on the people of the country, and one of them was a wrong interpretation of secularism, he said addressing an event in Kanyakumari district on Sunday.
'Doctors feel they have a duty to prolong a heartbeat at all costs.' 'And a son or a daughter feels, I can't let my mum die. I have to save her at all costs.' 'They think saving is just prolonging life. But the person suffers.'
'Selling could further intensify and take the index towards 22,800-22,750 in the near-term.'
The Supreme Court has postponed the hearing on a plea filed by a Bihar Police woman officer against a Patna High Court order that quashed the FIR against an IPS officer whom she accused of rape on the false promise of marriage. The court asked the woman's lawyer to make certain amendments to the petition before the next hearing in two weeks.
Karnataka BJP President B Y Vijayendra on Thursday challenged Chief Minister Siddaramaiah to disclose the source of his allegation that Rs 50 crore bribe each was offered to 50 Congress MLAs to topple the government. He said the Chief Minister has lost faith in his own MLAs and, hence, was levelling false allegations.
Mumbai police have informed a court that they need to conduct facial recognition of the Bangladeshi man arrested for allegedly stabbing Saif Ali Khan to ascertain if he is the person seen in CCTV footage. The accused, Shareeful Islam Shehzad Mohammad Rohilla Amin Fakir, has been remanded in police custody till January 29. The police are also seeking to match Fakir's footprints and recover the missing part of the knife used in the crime. Fakir's lawyers have opposed the police's plea, raising doubts about the credibility of the incident and arguing that the remand of the accused is not required to recover the material.
