The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
Meanwhile, the Congress' data analytics department chairperson Praveen Chakravarty on Tuesday wrote to Chief Election Commissioner Rajiv Kumar, seeking assembly-wise voter rolls in excel sheet format for the Lok Sabha elections and the assembly polls in Maharashtra.
Manufacturing activities in India accelerated further and touched a four-month high in April, boosted by robust new business growth, mild price pressures, better international sales, and improving supply-chain conditions, a monthly survey said on Monday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) increased from 56.4 in March to 57.2 in April, indicating the fastest improvement in the health of the sector so far this year. The March PMI data pointed to an improvement in overall operating conditions for the 22nd straight month.
People aware of the development said, Law Secretary Niten Chandra, Legislative Secretary Reeta Vasishta and others met Kovind this afternoon to understand how he would like to go about the agenda before the committee.
A 10-member delegation of Trinamool Congress (TMC) had announced the dharna after meeting a full bench of the Election Commission (EC) to press their demand.
Hyundai Motor India Limited's (HMIL's) record Rs 27,870 crore initial public offering (IPO) may not have set the primary market alight with sky-high subscription levels, but it has spelled a windfall for the five investment banks steering the share sale. The Indian arm of the South Korean carmaker paid Rs 493 crore - 1.77 per cent of the issue size - in fees and commissions to the book running lead managers (BRLMs), marking the largest-ever payout for an IPO in the country.
Sport minister Tokozile Xasa, who has no direct authority over ASA, said in a statement she was making the instruction after receiving advice from a high-level panel.
A BEST electric bus, traveling at a speed of 46 kmph, collided with a crowd in Kurla, Mumbai, killing seven people and injuring 42 others. The driver, Sanjay More, has been arrested for reckless driving. The accident has raised concerns about speed limits and training for drivers of automatic transmission buses.
The gold plating of the sanctum sanctorum was done under the supervision of the experts of the Archaeological Survey of India (ASI), he said.
The services sector growth in India rose to a 13-year high in September on sharp increase in new business amid strong demand conditions, and job numbers continued to increase as overall business mood improved, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61 in September, signalling a sharp upturn in output. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.
The suggestions have been part of the final position paper on social sciences, which is a key perspective document that helps in the development of new NCERT textbooks on the subject. The proposal has yet to get a final nod from NCERT.
An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate. But the six-member panel said there was an evidence of a build-up in short positions on Adani Group stocks ahead of the report of US-based short seller Hindenburg Research, and profiting from squaring off positions after prices crashed post-publication of the damning allegations. "At this stage, taking into account the explanations provided by Sebi, supported by empirical data, prima facie, it would not be possible for the committee to conclude that there has been a regulatory failure around the allegation of price manipulation," the panel said in the report submitted to the Supreme Court.
The high-level committee on 'one nation, one election' approached 62 parties out which 47 responded -- 32 in support of holding elections simultaneously, 15 against it.
Coaching institutions across the national capital, some lined up in cramped lanes while others housed in lofty buildings in busy commercial areas, are risking the lives of students, with lack of fire safety measures, single entry and exit points, faulty wiring and overloaded electrical circuits among the most common problems.
'We've said that we're glad that our Indian counterparts are taking it seriously and doing that. We want those responsible for these attacks to be held fully accountable, but I won't get ahead of an investigation that isn't complete'
The Assam government has set up an eight-member committee to prepare a framework for implementation of all clauses of the 36-year-old Assam Accord, especially the Clause-6 report prepared by a central panel pertaining to protecting the cultural, social and linguistic identity and heritage of the indigenous people, officials said on Saturday.
Banda chief judicial magistrate Bhagwan Das Gupta appointed Garima Singh, additional chief judicial magistrate (MP-MLA Court Banda) as the investigating officer in the case, the official said.
Mehta said statements of four complainants, including the minor, has been recorded under section 161 of the CrPC in the case.
Excessive sugar intake has been linked to brain inflammation, which can affect cognitive functions such as memory, learning, and decision-making, warns Pankaj Prakash Sharma, founder, Happa Foods.
India's manufacturing sector growth eased slightly in July, on softer increases in new orders and output, while cost pressures and demand strength led to the steepest increase in selling prices since October 2013, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) moderated slightly from 58.3 in June to 58.1 in July.
An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Securities and Exchange Board of India (SEBI) has 'drawn a blank' in its probe into alleged violations in money flows from offshore entities into the conglomerate.
The proposed move to withdraw the DDT would help encourage investments by addressing multiple taxation of income and bringing down the effective tax rate on companies, which is among the highest in the world.
From the Sensex pack, Adani Ports & Special Economic Zones, Mahindra & Mahindra, Reliance Industries, HDFC Bank, Larsen & Toubro, NTPC, State Bank of India, UltraTech Cement and Kotak Mahindra Bank were the major gainers. In contrast, Tata Steel, Titan, Bajaj Finserv, JSW Steel, Bajaj Finance, Hindustan Unilever, ITC, Tata Motors and Tata Consultancy Services were among the laggards.
Government on Thursday said former Indian Space Research Organisation chief G Madhavan Nair was given a "due and adequate chance" by a high-level panel to put forth his views on the action taken against him in connection with irregularities in the Antrix-Devas deal.
The panel is believed to have recommended expulsion of Kanhaiya, Umar Khalid, Anirban Bhattacharya and two other students.
The Commission, under Justice (retd) Ritu Raj Awasthi, would recommend an amendment to the Constitution to add the "new chapter or part" on simultaneous elections, the sources said.
The JNU panel had in 2016 recommended rustication of Khalid and two other students and imposed a fine of Rs 10,000 on Kumar.
Kharge termed the high-level committee constituted by the Centre to examine the feasibility of 'One Nation, One Election' a 'gimmick' and alleged the Modi government wants to slowly replace democracy in India with dictatorship.
The incident occurred after teammate Karim Janat declined a run opportunity during the final over of Afghanistan's innings.
As Manipur sank deeper into ethnic violence, the Supreme Court on Monday ordered the setting up of a committee of three former women high court judges to oversee relief and rehabilitation of victims and compensation to them, besides asking former Maharashtra police chief Dattatray Padsalgikar to monitor the probe in criminal cases.
A high-level committee report from the district administration alleged that six children tragically passed away in the last five days, raising concerns over over-admission, mismanagement, and a possible cholera outbreak at the privately-run shelter for special children.
The Goa government on Wednesday announced the formation of a high-level committee, to be headed by a retired high court judge, to probe the irregularities being pointed out by the Justice M B Shah panel in its report on iron ore mining in the state. "The Independent High Level Investigation Committee will be headed by retired High Court Judge R M Khandeparkar, and will submit its report within two months," Chief Minister Manohar Parrikar said.
The meeting of the Joint Committee on Waqf (Amendment) Bill took an ugly turn as the Trinamool Congress MP smashed a glass water bottle and threw it towards panel chairman Jagdambika Pal of the Bharatiya Janata Party during a heated exchange of words with BJP's Abhijit Gangopadhyay, a former Calcutta high court judge.
The Supreme Court will hear on Monday a batch of pleas related to the controversy-ridden medical entrance exam National Eligibility-cum-Entrance Test-Undergraduate (NEET-UG) 2024, including those alleging irregularities and malpractices in the May 5 test and seeking a direction to conduct it afresh.
It added that in any examination, there are competing rights that are created whereby the interests of a large number of students who have taken the examination without adopting any unfair means must not also be jeopardised.
India's services sector growth accelerated in April, as strong demand conditions resulted in the fastest increase in new business and output in close to 13 years, a monthly survey said on Wednesday. The pick-up in demand occurred in spite of escalating price pressures. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 57.8 in March to 62.0 in April, signalling the fastest expansion in output since mid 2010, amid a pick-up in new business growth and favourable market conditions.
To curb the menace of illicit fund flows, the government has set up a high level panel that will look into trade-based money laundering activities which particularly involve manipulation of invoices.
The visit by the MPs comes nearly two months after Prime Minister Narendra Modi met top leaders of Jammu and Kashmir on June 24.
Manufacturing activities in India touched a three-month high in November as new orders and exports expanded boosted by demand resilience and substantial easing of cost pressure, according to a monthly survey released on Thursday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) stood at 55.7 in November, up from 55.3 in October, signalling the strongest improvement in operating conditions in three months. The November PMI data pointed to an improvement in overall operating conditions for the 17th straight month.
The Indian services sector growth touched a six-month high in December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December, highlighting the strongest rate of expansion since mid-2022. For the 17th straight month, the headline figure was above the neutral 50 threshold.
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