.jpg)
After scrapping the selection of six UPA-appointed bank chiefs, the government has now decided to make significant changes to the selection process.
Former apex court judge M B Shah will also be member of the SIT.
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.
Moreover, the absence of a liquid market for various types of assets also makes such estimation inappropriate, it said. One of the terms of reference of the committee was to examine if corporate saving estimation should be done on an MTM basis. MTM refers to the present value of assets based on their market prices.
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).
The lackadaisical approach on part of the management of Oreva company resulting in "one of the most severe and tragic human calamities" cannot be countenanced, the SIT said.
The high-level panel, chaired by former Chief Justice of Karnataka and Kerala High Courts, K Sodhi, had focused on reviewing the Sebi (Prohibition of Insider Trading) Regulations, 1992.
Manufacturing activities in India eased marginally in September but remained in good shape amid companies hiring more workers and cooling price pressures, according to a monthly survey released on Monday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) indicated a strong improvement in the health of the Indian manufacturing industry, as companies stepped up production in tandem with a sustained increase in new work intakes. The PMI at 55.1 in September continued to be in expansion mode for the 15th consecutive month but was slightly lower than 56.2 recorded in August.
Regulated electronic platforms such as e-spot markets or spot exchanges may be deemed as authorised markets.
Economist Abhijit Sen, a former Planning Commission member and one of the country's foremost experts on rural economy, died on Monday night. He was 72.
On-field umpires Masudur Rahman and Ruchira Pilliyaguruge, third umpire Raveendra Wimalasiri and fourth umpire Gazi Sohel levelled the charges.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
The government is taking the first steps towards opening of the Gulf region to private airlines -- by setting a high-level committee under the aegis of the aviation ministry -- to examine the contentious issue.
India will launch its own composite index next year to quantify the impact of heat on its population and generate impact-based heat wave alerts for specific locations, the India Meteorological Department (IMD) has said.
The varsity, however, clarified that it does not signify a "clean chit" to the students and that the final decision in this regard will be taken after examination of the report by the vice chancellor.
"The political stars never quite aligned but a solution similar to the Northern Ireland Good Friday Agreement, with a soft border allowing locals to travel freely from one part of Kashmir to the other, will have to be the outcome of any peaceful solution," he noted.
The airline's 100 per cent shareholding in profit-making budget carrier Air India Express as well as 50 per cent shareholding in equal joint venture Air India SATS Airport Services would also be sold.
The common man in India is bogged down by corruption and there is a need to fix accountability at all levels, the Supreme Court observed on Friday as it dealt with a petition seeking debarment of those against whom charges have been framed in criminal cases from contesting elections.
The three-member committee -- comprising former Allahabad High Court judge Justice Rakesh Sharma, former Delhi Commission for Women chairperson Barkha Singh and lawyer Veena Gowda -- met in Mumbai to discuss the terms of reference.
Adidas on Friday unveiled Al Rihla - the official match ball for the 2022 FIFA World Cup in Qatar.
As the air pollution in Delhi-NCR ameliorated over the last two days, the Centre's air quality panel Sunday directed authorities to lift the ban on plying of non-BS VI diesel light motor vehicles in the region and the entry of trucks into the capital imposed under the final stage of the Graded Response Action Plan.
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.
Businesses and banks in Guwahati were open and vehicles plied the roads but schools and colleges were closed. Stray incidents of clashes were reported in West Bengal.
The JNU issued show-cause notice to 21 students after an inquiry panel found them "guilty of violating" norms in connection with the event against Afzal Guru's hanging.
The GoM is likely to submit an interim report to the Council on pruning the list of items that at present do not attract the levy.
A bench headed by Justice A K Patnaik, which had suggested that the probe be conducted by the Justice Mudgal Committee, reserved the order after the Board of Control for Cricket in India and Srinivasan opposed further investigation by the committee and pleaded for setting up a fresh panel.
The Inter-Ministerial Committee, which looked into the matter has in their comments, mentioned clearly that the threat to national security cannot be justified on any grounds whatsoever, sources said.
The panel's claim assumes significance as it was Pillai, few months ago, who alleged that Chidambaram as home minister 'bypassed him' and had rewritten the affidavit.
Senior Assam minister Himanta Biswa Sarma on Wednesday said the government cannot implement the recommendations of the central panel on Clause 6 of the Assam Accord, as those are "far from legal reality".
The Urjit Patel committee on monetary policy framework has proposed setting up of a monetary policy committee (MPC) that will be headed by the Reserve Bank of India (RBI) governor and accountable for achieving inflation target set by it.
The Reserve Bank of India has postponed the meeting of its interest rate setting Monetary Policy Committee by a day to August 3 due to administrative exigencies. The RBI said the decision of the MPC will be known on August 5 as against the earlier schedule of August 4. "Due to administrative exigencies, it has been decided to reschedule the MPC meeting from August 2-4, 2022 to August 3-5, 2022," RBI said in a statement on Thursday.
Experts suggest that a revamp in the surrounding infrastructure should take care of the issues plaguing the VB-2, stressing that the lightweight nature of the trains is what allows for higher speeds, and that needless design additions may hamper the train's efficiency.
Promoters and top executives intending to buy or sell shares of their companies might soon have to inform the market well in advance for such transactions.
The probe into selections for banks such as Bank of Baroda and Canara Bank followed the arrest of Syndicate Bank CMD S K Jain for alleged graft.
The Union health minister said a high-level expert group is going into all the aspects of vaccines and the health ministry is preparing a format in which states will submit lists of priority population groups.
India and China achieved a major milestone this year when their bilateral trade crossed the landmark figure of $100 billion but it did not generate any fanfare in both capitals as the two Asian giants are going through a "particularly bad patch" in their relations due to a set of actions by Beijing in violation of agreements that led to the military standoff in eastern Ladakh. Starting with a modest $1.83 billion in 2001, the bilateral trade crossed $100 billion-mark in the first 11 months this year, a significant milestone for which the two countries carried out campaigns to boost trade and build it as a major stakeholder to improve the relations between two nations, whose ties otherwise remained frosty over the festering boundary dispute and strategic rivalry. According to last month's data from China's General Administration of Customs (GAC), the India-China bilateral trade totalled $114.263 billion, up 46.4 per cent year-on-year from January to November 2021.
Nepalese rescuers resumed their search on Monday for four persons still missing after a passenger plane with 72 people, including five Indians, crashed into a river gorge while landing at the newly-opened airport in the resort city of Pokhara, killing at least 68 people onboard.
WFI president Brij Bhushan Sharan Singh urged that the national championships and camps should be conducted as all activities have come to a standstill.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances