The high level coordination committee on financial markets, which consists of financial sector regulators, is likely to opt for a phased reduction in the commission paid to insurance agents.
The Reserve Bank is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said on Friday. The central bank's rate setting panel will follow it up with a 0.35 per cent hike in rates at the next review in August, or make it into a 0.50 per cent hike next week and a 0.25 per cent increase in August, to make the total quantum of rate hikes at 0.75 per cent, the report by Bofa Securities said. On May 4, the Reserve Bank of India (RBI) hiked rates by 0.40 per cent, and Governor Shaktikanta Das has already called a rate hike at the forthcoming review as a "no brainer" given the pressure to maintain its core mandate of inflation in the targeted band of under 6 per cent.
Gadgil and the report prepared by the Western Ghats Ecology Expert Panel (WGEEP) headed by him are back in news after over two dozen people lost their lives in landslides and flash floods in the past few days in the hilly regions of Western Ghats in central Kerala districts of Kottayam and Idukki.
Alarmed by the Naina Devi temple tragedy, the Himachal Pradesh government on Monday constituted a three-member panel to formulate guidelines for regulation of pilgrim movement in the state's major shrines and said it will consider introducing the 'Vaishno Devi model' for the purpose.Mandi Divisional Commissioner Ashwani Kapoor has been asked to probe Sunday's stampede at Bilaspur district that claimed over 140 lives.
Kohli was surprised by the allegations and said dragging her name was not right.
The plan is to establish a consultative panel and appoint mediators to address various domestic issues, both at the central government and state levels.
The probe panel, constituted by Bihar's National Democratic Alliance government, on Tuesday confirmed that Union Rural Development Minister Raghuvansh Prasad Singh's kin had engaged two child labourers for tilling an agricultural land at Shahpur village in Vaishali district on December 9. The finding dealt a severe blow to Singh's assertion that some TV channels had stage-managed the story.
The one-member panel, to be headed by judge Kailash Uttamchand Chandiwal (retired), is given the time of six months to submit its report to the state government, an official order said.
Government funds spent on productive asset creation through programmes and schemes are termed "Plan" expenditure, while "non-Plan" is a generic term that refers to all expenditure (including establishment and maintenance activities) of the government not included in the Plan.
In a tightening cycle, a premature pause in monetary policy action would be a costly policy error, Reserve Bank Governor Shaktikanta Das opined while voting along with five other members of the MPC for raising the key lending rate by 35 basis points earlier this month, according to the minutes of the meeting released on Wednesday. Prior to the December hike in repo rate, the RBI had raised the key short-term lending rate by 190 bps in four tranche.
While the basic premise and spirit of the Code will remain the same, the commas and the full-stops in the draft report being prepared by a high-level committee will make interpretation of the law simpler
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
RBI targets to keep inflation at 4 per cent, (+/- 2 per cent), and its rise beyond this comfort zone will put pressure on the central bank to hike rates.
The 50-year-old's lawyers had argued that he should not be taken to the US because of a real and 'oppressive' risk of suicide and won the right to appeal in Britain's highest court.
Labour union leader Shrirang Barge said the state government would have known Dharmadhikari has a massive following and that the event would have attracted several lakh people, so why were arrangements for water, shade etc, missing.
The executive enclave will house the new Prime Minister's Office, Cabinet Secretariat, India House and the National Security Council Secretariat.
Amid demands that MPs should not be allowed to decide their salaries, the government has proposed to set up a three-member panel to recommend pay and perks of lawmakers.
Uncertainty is emerging as the only certainty, said RBI Governor Shaktikanta Das as he emphasised on continued policy support at the December MPC meet during which members expressed concerns over spread of the Omicron variant of coronavirus, as per the minutes of the rate-setting panel released on Wednesday. After three days of deliberations, the six members of the Monetary Policy Committee (MPC) on December 8 unanimously voted for status quo on policy rates for the ninth consecutive time. At the meeting, the RBI Governor said risks stalking the global economy have amplified with rapid spread of the virus mutations, including the Omicron variant, leading to countries scrambling for restrictions.
After the alteration of the boundaries, the BJP assessed the wards afresh to see what changes in strategy were needed
Two athletes, who are in contention for the Olympic Games, have failed dope tests conducted at the Indian Grand Prix in Patiala last month, the National Anti Doping Agency's director general Navin Agarwal said on Saturday.
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates. The rate paid for gas produced from old fields, which make up for about two-thirds of all gas produced in the country, was hiked to $8.57 per million British thermal units from the current $6.1, according to an order from the oil ministry's Petroleum Planning and Analysis Cell (PPAC). Simultaneously, the price of gas from difficult and newer fields like the ones in Reliance Industries Ltd and its partner bp plc operated deepsea D6 block in KG basin, was hiked to $12.6 per mmBtu from $9.92, the order said.
The losses ranged between Rs 33,204 and Rs 10,90,480.
The memorial is the first-of-its-kind built by India in France after the country's Independence. The announcement to construct the memorial was made by External Affairs Minister Sushma Swaraj during her last visit to Paris in June 2018.
This is needed to maintain the purity of judicial process and fairness in ongoing trials riots' cases, it said.
Officials said as part of the reorganisation in the Commission, a move is afoot to strengthen the PEO with new roles, powers and jurisdiction.
If the high security notes introduced in 2015 were kept in the system, the pain due to demonetisation can be ameliorated to a certain extent. But unfortunately, such thought process have no place in the hasty demonetisation decision.
The events that led to the landmark SC judgment.
India's inspirational captain Harmanpreet Kaur claimed the ICC Women's Player of the Month award for September 2022.
The Tirumala Tirupati Devasthanams, which governs the ancient shrine of Lord Venkateswara at Tirumala here, on Wednesday announced that Lord Hanuman's birthplace was Anjanadri, a hillock at Japali Theertham located about 5 km from north of the hill temple.
Equity benchmarks extended their decline for the fourth straight session on Wednesday, with the Sensex falling 214.85 points after the Reserve Bank raised the key interest rate by 50 basis points. Continuous foreign fund outflows and surging crude oil prices also weighed on markets. The 30-share BSE benchmark dropped 214.85 points or 0.39 per cent to settle at 54,892.49.
The official said the three accused, including resort owner Pulkit Arya, were arrested within 24 hours of the matter being handed over to the regular police force from revenue police on September 22.
The Reserve Bank remains laser-focused to bring back retail inflation to 4 per cent over a period of time in a non-disruptive manner, Governor Shaktikanta Das stressed while voting for status quo in interest rates, as per minutes of the October policy meeting released on Friday. The central bank has been mandated by the government to ensure the Consumer Price Index (CPI) based inflation is at 4 per cent, with a band of 2 per cent on either side. The retail inflation, which was above 6 per cent during May and June, has started moving down and stood at 4.35 per cent in September.
The sub-group constituted by the Supreme Court to audit Oxygen consumption in hospitals in national capital during the second wave of COVID-19 said that the Delhi government 'exaggerated' the consumption of oxygen and made a claim of 1140 MT, four times higher than the formula for bed capacity requirement of 289 MT.
The Prime Minister's Office not disclosing information about expenses incurred on foreign visits of the Prime Minister nothwithstanding, a Central Information Commission-constituted panel has recommended not only putting out such details proactively by all ministries but regular updating as well.
The post of the chief of the Central Vigilance Commission, the country's anti-corruption watchdog, was lying vacant since June last year after K V Chowdary completed his tenure.
JNUSU president Kanhaiya Kumar, whose arrest on charges of sedition three weeks back had triggered a massive outcry, was on Thursday released from Tihar jail amid celebrations by his supporters.
Entry-level employees were the most disappointed.
The Reserve Bank is likely to maintain status quo on interest rates in its forthcoming monetary policy review but may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the ongoing Russia-Ukraine war, and the urgency to protect and boost growth, feel experts. The RBI governor-headed rate setting panel -- Monetary Policy Committee (MPC) -- will be holding its first meeting of the 2022-23 fiscal from April 6 to 8. The outcome will be announced on April 8.
According to the final draft of the negotiating texts, seen by Business Standard, there are a few binding commitments in the chapter on TFA, under Article 13, which talks of Customs cooperation.
It said no payment has so far been made towards rental charges for the Lokpal office at 'The Ashok' hotel.
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