The external environment has worsened further. While the Finnish economy entered into a recession, Swedish economic growth also dipped. The Finnish gross domestic product (GDP) dropped 0.6 per cent in October-December, 2022. It was the second quarter of negative growth, which is a technical definition of recession.
The 41- year old is currently the head of macro trading in Goldman's Securities Division.
The Reserve Bank of India (RBI) will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. Headed by Reserve Bank Governor Shaktikanta Das, a meeting of the six-member Monetary Policy Committee (MPC) is scheduled for June 6-8. The decision of the 43rd meeting of the MPC would be announced on Thursday, June 8.
The poisonous haze has been causing significant problems for people with existing respiratory issues, according to doctors.
Officials said several witnesses were heard on the impact of the pandemic. They added that this was the longest meeting of the panel without a break so far.
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
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
The credit guarantee cover under the scheme would be both transaction-based (for single eligible borrowers) and umbrella-based (for a group of eligible borrowers).
Summary of sports events and persons who made news on Tuesday
From the enactment of the capital control Act to the recognition of the BSE as a stock exchange and the infamous Harshad Mehta scam, here are the 18 biggest events for stock markets from 1947 to 1993.
This semds a signal that reservation for OBCs (Other Backward Classes) in elite educational institutions might not be implemented at one go.
The UGC chairperson stressed that foreign varsities with campuses in the country can only offer full-time programmes in physical mode and not online or distance learning.
Faculty of top academic institutions like the Indian Institutes of Technology (IITs), the Indian Institutes of Management (IIMs), and central universities say the Sixth Pay Commission's recommendations do not have a direct bearing on their compensation levels. The new pay structure of assistant professors, associate professors and professors will be finalised by an internal committee of the Ministry of Human Resource Development, which would take a couple of months at least.
The institutes need to reach the optimum level of resource utilisation.
'Somebody was using somebody to make statements that will stir the stock market and lead to a surge.' 'A sudden surge and a sudden crash is always an ideal situation for people to make illicit gains and then siphoning off the money.'
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
Mumbai-based author Ranjit Hoskote has quit the Finding Committee for the upcoming Documenta art festival in Germany, following criticism for signing a letter that compared Zionism and Hindu nationalism.
With the Jaypee acquisition, the Suraksha group, which made lenders an offer of Rs 7,736 crore, will be able to expand its footprint in north India after making inroads in Mumbai's real estate market over the past year. Sudhir Valia, the promoter, was a co-founder and executive director of India's biggest pharmaceutical firm, Sun Pharmaceuticals, and is a close relative of Dilip Shanghvi.
The administration started preparing for the demolition of two precariously standing hotels in subsidence-hit Joshimath in Uttarakhand on Tuesday, but faced protests from their owners and locals on the issue of compensation, while more families were evacuated from the danger zone as the number of affected houses rose to over 700.
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.
"As I was working on agriculture, my family wanted me to take over the management of our plantations. But my aim was to master the art of developing new varieties, that is genetics and breeding. As the proverb has it, we reap what we sow. Consequently, sowing the right things is very important," M S Swaminathan had once said.
The latest whistle-blower revelations of multiple shenanigans at global ride-hailing app Uber, coming thick and fast after serial exposes of various dodgy practices at Facebook, Apple, Amazon, Netflix, Google in the recent past raises uncomfortable questions about India Inc. If the FAANGs, Twitter and Uber can be guilty of multiple and diverse transgressions what's happening in Indian corporations? It can be nobody's case that India's largely family-owned and - managed private sector is a beacon of transparency or best corporate governance practices, bolstered as it is by an informal omerta among employees, managements and even boards.
The Shunglu committee, which went into the financial needs of the Indian Institutes of Management, is understood to have backed the drastic fee reduction mooted by Human Resources Development Minister Murli Manohar Joshi.
After Indian Institutes of Management (IIMs), the nation's premier IITs may see a hike in tuition fees, the Rajya Sabha was informed on Monday. Human Resource Development Minister Arjun Singh said the Standing Committee of IIT Council (SCIC) has recommended an increase in the tuition fee for B Tech and M Tech courses. The Board of Governors (BoG) of six IIMs located at Ahmedabad, Bangalore, Kolkata, Lucknow, Indore and Kozhikode had decided to increase the fees of the PGP.
'With over 50 per cent of medical seats reserved for those who have the ability to pay a fee ranging from Rs 50 lakh to Rs 1.5 crore for a five-year MBBS course and quotas in accordance with affirmative policies in government colleges, the band of seats available for the not-so-rich and non-OBCs is very narrow.'
While the historic success of Chandrayaan-3 is celebrated by Indians across the world, two untrumpeted engineering colleges in Kerala are basking in the glory of the key role played by some of their alumni in the crucial Moon mission.
Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
On a mission to cool soaring bilateral tensions, United States Secretary of State Antony Blinken on Sunday held extensive talks with his Chinese counterpart Qin Gang on a range of issues, including the Taiwan issue and the Ukraine war.
In the first two months of the current fiscal, Indian exports of finished steel reportedly grew by almost 76 per cent on a YoY basis and China alone accounted for close to 60 per cent of the increase.
What will happen to the job placement and summer internship plans of India's management and IIT students? Many campuses are stepping in to help students hang on to their placements, in spite of the lockdown.
The proposed bullet train will run between Mumbai and Ahmedabad.
The government-appointed expert committee, which probes incidents of Ola Electric's S1 Pro and Okinawa vehicles catching fires, has added the latest case of fire involving PureEV electric scooter to its investigation, a senior government official told Business Standard. "A team comprising experts from Indian Institute of Science (IISC) and Centre for Fire, Explosive and Environment Safety (CFEES) are investigating the cases. "As soon as the report is submitted, we shall take appropriate action," said Giridhar Aramane, secretary at the ministry of road transport and highways.
The e-commerce firm recruited 18 post graduate students.
Senior Communist Party of India-Marxist leader and former Kerala health minister K K Shailaja has declined to receive the Ramon Magsaysay Award as it was instituted in the name of late President of the Philippines, who was known allegedly for his brutality against the Communists.
Indian evacuation flights are operating out of Bucharest and Budapest. The government is not charging the rescued citizens for the evacuation flights.
The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.
'When democracy first came to Bhutan people had no idea and they were like 'What is that?' Oh it's that thing they have in India where the leaders are always fighting and arguing.' When I screened the film to Bhutan's film committee, they thought my film was good but they were concerned about that line. They wanted me to change that line. They said, 'We don't want to offend India.' I tried to tell them that Indians have a great ability to laugh at themselves but they insisted I change it.'
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