The Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review despite the US Federal Reserve and the European Central Bank hiking benchmark rates, as domestic inflation is within the RBI's comfort zone, say experts. The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. In the previous two bi-monthly policy reviews in April and June the benchmark rate was retained.
The six-member committee, constituted by Sports Authority of India (SAI) to study the proposals of Indian hockey coach Terry Walsh, met the Sports Minister Sarbananda Sonowal on Tuesday.
Parliament's Budget session has been a washout since the beginning of its second part on March 13, with the BJP demanding an apology from Gandhi.
The plans also state that highly suspected cases testing negative on Rapid Antigen Test should be examined again using the gold standard RT-PCR test.
A visit to Tibet appears to have become the new touchstone for expressing fealty to Xi Jinping, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
As the tussle for control of the Nationalist Congress Party hotted up after its vertical split, Sharad Pawar on Thursday declared he was the president of the party and hit back at nephew and Deputy Chief Minister Ajit Pawar's retirement jibe, saying he will work more effectively "whether 82 or 92."
Many families in the affected area are finding it hard to sever their emotional ties with their homes and move out.
The Sports Ministry on Saturday suspended Wrestling Federation of India's (WFI) assistant secretary Vinod Tomar, a fallout of the grapplers' allegations of sexual harassment and corruption against the sports body's chief Brij Bhushan Sharan Singh.
'We will likely never know why Xi decided not to travel to New Delhi. One possible explanation could be his desire to avoid a meeting with US President Joe Biden.'
The youngest in the CWC is 31-year-old Neeraj Kundan, who is an ex-officio member of the body as the president of the National Students Union of India, the students' wing of the party.
Chief Justice of India (CJI) D Y Chandrachud's first 100 days in office saw the Supreme Court take a giant leap towards reforms, especially making courts more technology-friendly, and ensuring relatively fast judicial appointments including those of eight judges to the apex court.
"It is a fair assumption that INC possesses the material/empirical/verifiable evidence based on which these specific/explicit 'facts' have been published, an action which can fairly be assessed to embed knowledge, motive and intent to do so by the author," the EC notice read.
The Opposition party asked whether the prime minister will take responsibility for the 'deadliest rail tragedy' of this century.
Former India captain Sourav Ganguly termed the suspension of Chennai Super Kings and Rajasthan Royals as bad news, but expressed hope that the Indian Premier League will be back on track soon.
Congress leaders have supported the Union government's stand of abstaining from voting in the anti-Russia resolution in the United Nations General Assembly, informed sources on Thursday.
The Supreme Court on Monday extended till September 15 its order asking the Manipur police not to take any coercive steps against four members of the Editors Guild of India (EGI) in connection with two FIRs lodged against them for alleged offences, including promoting enmity between two communities.
The Armed Forces (Special Powers) Act, 1958, was completely withdrawn in Meghalaya in 2018, Tripura in 2015 and Mizoram in the 1980s.
In a statement, the ministry also said several steps have been planned to support the cheetah project, including the establishment of a Cheetah Research Center with facilities for rescue, rehabilitation, capacity building, and interpretation.
Facing flak over its alleged link with arrested Lashkar-e-Tayiba (LeT) terrorist Talib Hussain Shah, the Bharatiya Janata Party on Tuesday issued a show-cause notice to party's Jammu Minority Morcha president Sheikh Bashir after an order purportedly written by him about the appointment of Shah as official of the unit emerged on social media platforms.
The governor made it clear that the RBI is aware of what's happening and acts accordingly, but doesn't make a noise about that, points out Tamal Bandyopadhyay.
After identifying the man who was the patient zero or index case of the Nipah virus outbreak in Kerala, the state government on Saturday began looking for the source and place from where he got infected by seeking details of his mobile tower locations.
Australia believe they can win from any situation, that mindset can't be taught: Sthalekar on India losing knock out games
Wrestling Federation of India chief Brij Bhushan Sharan Singh on Monday clarified that no petition has been filed by him or by any person authorized by him in the Delhi High Court against the wrestlers who protested against him in New Delhi last week.
The RBI's Monetary Policy Committee brainstormed the impact of any future shocks on the inflation trajectory and stressed monitoring the cumulative effect of monetary policy actions over the past one year, which is still unfolding, revealed minutes of the rate-setting panel released on Thursday. The minutes of the meeting of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Shaktikanta Das, also indicated it would be premature to declare an end to the monetary tightening cycle, which started in May 2022 to check high inflation following the outbreak of the Russia-Ukraine war. The central bank, which effected six back-to-back hikes in the key short-term lending rate (repo) since May 2022 to check high inflation, decided to take a pause early this month.
The 13 members include, sitting Congress MLA Danasari Anasuya (Seethakka) and former legislator Vem Narendar Reddy.
"Frequent elections not only impose a huge burden on human resources but also impede the development process due to the promulgation of the model code of conduct. Therefore, a sustained debate is required on the subject of simultaneous elections and all political parties need to arrive at a consensus on this issue," he had said.
India is looking at 5G technology as a major opportunity in terms of offering services tailored for rural India like telehealth, tele-education and bandwidth-heavy applications
The top court also took note of the submissions about objectionable public utterances by some groups and individuals.
With an aim of boosting manufacturing and exports amid sharp fall in the rupee, the government has decided to take a slew of steps, including enhancing steel production capacity to 300 million tonnes and raising textile exports by 30 per cent this year.
Costlier vegetables and eggs pushed up retail inflation to a nearly six-and-a-half year high of 7.61 per cent in October, keeping it significantly above the comfort zone of the Reserve Bank.
The Congress on Monday promised that a government led by it will conduct a nationwide caste census and implement 33 per cent reservation for women in the Lok Sabha and state legislative assemblies at the earliest, including adequate representation for women belonging to the OBC community.
"Dialogue is the only solution to the ongoing crisis in Manipur," Shah said.
The Union Cabinet on Thursday approved a revision in the formula for pricing of natural gas and imposed cap or ceiling price to help cut CNG and piped cooking gas prices by up to 10 per cent. Natural gas produced from legacy or old fields, known as APM gas, will now be indexed to the price of imported crude oil instead of benchmarking it to gas prices in four surplus nations such as the US, Canada and Russia, Union I&B Miniser Anurag Thakur told reporters after a meeting of the Cabinet. APM gas will be priced at 10 per cent of the price of basket of crude oil that India imports (Indian basket of crude oil).
Investors saw their wealth rise by more than Rs 3.96 lakh crore on Wednesday as stocks continued their rally for the second straight session amid the Reserve Bank reiterating its accommodative stance and easing concerns over the Omicron variant of the coronavirus. The 30-share Sensex soared 1,016.03 points or 1.76 per cent to close at 58,649.68 and all the constituent stocks, except for two, closed in the green. Most of the rate-sensitive auto, banking and realty stocks registered gains during the day's trade. While the BSE Auto index rose 2.24 per cent, BSE Bankex went up 1.61 per cent and BSE Realty spurted 1.72 per cent.
A home ministry spokesperson, however, said the decision does not imply that the AFSPA has been completely withdrawn from the three insurgency-hit states but will continue to be in force in some areas of the three states.
Six new faces -- S Niranjan Reddy, Koppula Eashwar, Errabelli Dayakar Rao, V Srinivas Goud, Vemula Prashanth Reddy and Ch Malla Reddy -- found berth in the Council of Ministers.
Appearance through video conferencing, refraining from making comments on the physical appearance and educational background of government officials and reasonable time frame for compliance of judicial orders are some of the suggestions enumerated in the Standard Operating Procedure (SOP) the government has submitted to the Supreme Court for consideration.
The number of subsidence-affected homes rose to 678 while 27 more families were evacuated to safety, a bulletin from the Disaster Management Authority in Chamoli said, adding so far 82 families have been shifted to safe locations in the town.
Deogarh District Deputy Commissioner Amit Kumar, Superintendent of Police P Murugan and two other Health department officials were placed under suspension, hours after 10 devotees were killed in a stampede in the temple town of Baidyanath Dham.
"Let the high court decide, we will not get into this," the bench said.
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