Stepping up the heat on Justice Yashwant Varma, parliamentarians on Monday submitted notices to the presiding officers of the Lok Sabha and the Rajya Sabha for the removal of the Allahabad high court judge from whose residence in New Delhi burnt wads of currency notes were found.
With the prediction of an above normal monsoon in 2024, the government is expecting food prices to come down, the finance ministry's monthly economic report for March has said. The report, released on Thursday, said robust foreign inflows and comfortable trade deficits were expected to keep the rupee within a comfortable range. "Further easing of food prices is on the anvil as IMD (India Meteorological Department) has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall," the monthly report, released by the Department of Economic Affairs, said.
The onset of the southwest monsoon is being keenly watched this year as it may provide an early sign regarding its progress over the Indian subcontinent, particularly when El Nio is expected to rear its head during the latter half of the season.
The National Democratic Alliance (NDA) has nominated Maharashta Governor Chandrapuram Ponnusamy Radhakrishnan as their candidate for Vice-President of India. The announcement was made by BJP President J P Nadda, highlighting Radhakrishnan's extensive public service and cross-party respect.
Mixed views were expressed by top economists on the Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to hold the repo rate at 5.5% and maintain a neutral stance. While some say the decision was as expected and one more rate reduction is expected this fiscal, there is also a view that rate cut by MPC was warranted given the evolving global situation.
Heavy overnight rains severely affected parts of the city on Monday, leading to water-logged roads, inundated residential areas and traffic pile-up, as the city braces for more spells in the coming days.
'There is no retrospective changing of the law, only its simplification.'
The IMD issued a "Nowcast" warning, forecasting thunderstorms accompanied by lightning and intense spells of rain with gusty winds reaching 50-60 kmph at isolated places in Mumbai in the next three to four hours.
Rijiju also hit out at Congress leader Rahul Gandhi, saying that his own party MPs "get uncomfortable" when he speaks in Parliament and are apprehensive that he will do "anap-shanap baatein" and the party will have to bear the consequences.
After climbing to the highest level in more than five years to 4.7 million tonnes in FY24, India might import fewer quantities of pulses this financial year at 4-4.5 mt on the back of good monsoon and higher domestic production, Bimal Kothari, chairman of India Pulses and Grains Association (IPGA), said in New Delhi on Friday. Kothari was addressing reporters on the sidelines of a seminar on pulses titled "Bharat Dalhan-2024".
In the past 10 years, over 500 PSB officers have died by suicide. When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to survive and thrive, warns Tamal Bandyopadhyay.
External Affairs Minister S Jaishankar addresses Parliament on Operation Sindoor, denying any US trade linkage and highlighting Pakistan's request for a ceasefire through the DGMO channel.
Scientists had earlier said the cyclone pulled the moisture and convection, impacting the intensity of the monsoon and delaying its onset over Kerala.
S&P Global Ratings on Tuesday cut India's GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for Asia-Pacific (APAC), S&P said despite these external strains, it expects domestic demand momentum to remain solid in most emerging-market economies.
Houses in low lying areas of Kerala were flooded in the heavy rains, while the accompanying strong winds uprooted trees, damaged homes and caused power disruptions, throwing normal way of life into disarray across the state.
Officials aware of the procedure to appoint and remove Supreme Court and high court judges pointed out that while defending his case before lawmakers in any of the House, Justice Varma can announce that he is quitting and his verbal statement will be considered as his resignation.
The arrest of two Catholic nuns from Kerala in Chhattisgarh on charges of human trafficking and forced religious conversion has ignited a political controversy, with opposition parties criticizing the arrest and the Chief Minister defending the police action.
The domestic stock market will continue to monitor the Israel-Iran conflict and its impact on global supplies besides prices of crude oil this week, analysts said. Global trends and trading activity of foreign investors would also drive investors' sentiment during the week.
Domestic rating agency ICRA on Monday said Indian companies are likely to clock 7-8 per cent revenue growth during the March quarter of the current fiscal year, led by revival in rural demand and uptick in government spending. ICRA expects the private capital expenditure (capex) cycle to remain measured in view of the uncertainties around geopolitical developments and relatively subdued outlook on merchandise exports from India.
Domestic passenger vehicle wholesales were down 0.8 per cent at 3,44,656 units in May this year as compared to 3,47,492 units in the same month last year, Society of Indian Automobile Manufacturers said on Monday.
The incumbent BCCI president Roger Binny turned 70 on Saturday but there is no immediate clarity on whether he would be continuing till the AGM in September or demit office with immediate effect with vice-president Rajeev Shukla taking charge as the interim head.
The highlight of Tuesday's debate on Operation Sindoor was the speech by Prime Minister Narendra Modi, with the rebuttal by Congress's Wayanad MP Priyanka Gandhi coming a close second.
The Supreme Court has agreed to hear petitions challenging the Election Commission's decision to revise electoral rolls in Bihar. The hearing is scheduled for July 10.
Monsoon hit the state on June 20 and has since then cost it Rs 5,000 crore in damages.
While it hit the national capital two days before schedule, its entry into the financial capital is two weeks late, the Met office said.
Union Parliamentary Affairs Minister Kiren Rijiju on Wednesday underlined the government's resolve to take all political parties on board in moving an impeachment motion against Justice Yashwant Varma, saying corruption in the judiciary cannot be approached through a 'political prism'.
East and northeast India recorded 29 per cent rain deficit -- 141.5 mm against the normal of 199.9 mm -- from March 1 to May 3.
'When the time comes, we will take a decision following a discussion with the alliance partners.'
'Mr Modi has the power and pre-eminence in the BJP-RSS to choose how long he wants to serve, and he is definitely going to want to contest in 2029.' 'He will only be 79, as old as Donald Trump now, and fitter,' observes Shekhar Gupta.
One of Debashish Bhattacharya's most remarkable contributions is that he has taken the scope and foundation of the slide guitar, improvised it again and again, thereby designing and creating four entirely new guitars.
'40 percent of voters in Bihar will be excluded.'
Retail inflation dipped to an over six-year low of 2.82 per cent in May due to subdued food prices, remaining below the RBI's median target of 4 per cent for the fourth consecutive month, according to government data released on Thursday. Consumer Price Index (CPI)-based retail inflation was 3.16 per cent in April and 4.8 per cent in May 2024.
India recorded around 16 per cent more rainfall than normal in August, with rainfall over Northwest India recorded at 253.9 mm, the second highest in August since 2001, the India Meteorological Department (IMD) said on Saturday.
Delayed by 10 days due to cyclone Biparjoy, southwest monsoon is likely to progress further and hit Mumbai between June 23 and 25, the India meteorological department said on Wednesday.
Pulses are most vulnerable to pests and diseases if the monsoon remains patchy for the rest of the season.
A non-cognisable offence is being filed against Shiv Sena MLA Sanjay Gaikwad in connection with the assault of a canteen worker at the MLA hostel. The incident sparked outrage after a video surfaced showing Gaikwad assaulting the worker over allegedly stale food.
'Deposit and lending rates have started to fall considerably. It is likely to spur investment and consumption of durables.'
Conditions were becoming favourable for further advance of the southwest monsoon over some more parts of the south peninsula and east India and adjoining areas between June 18 and 21.
'The protection of secrecy and anonymity gets lost with this linking.'
After being pummelled by heavy downpours at the start of the week, Mumbai witnessed a brief respite on Tuesday morning, with the island city recording an average rainfall of 106 mm in 24 hours, civic officials said.
