After imposing 20 per cent export duty on non-basmati rice, the government has banned the export of broken rice with an aim to increase domestic availability, according to a government notification.
Extreme rainfall that occurred in Tamil Nadu is "highly localised" and is part of the natural variability of the monsoon system and its attribution to global warming is "not established", the Rajya Sabha was told on Monday.
The session will have 20 working days for now.
Parliament on Wednesday saw a washout as the Opposition aggressively pressed for ouster of Sushma Swaraj, Vasundhara Raje and Shivraj Singh Chouhan, rejecting the government's offer for a debate.
'India had done the right thing to go for a nationwide lockdown, but the major problem for the country could surface when the monsoon season arises as people's immunity levels go down.'
India's GDP expanded 13.5 per cent in the April-June quarter, the quickest pace in a year, to retain the world's fastest growing economy tag but rising interest costs and the looming threat of a recession in major world economies could slow the momentum in the coming quarters.
Equity investors' wealth jumped by over Rs 10.19 lakh crore in the three-day market rally to Monday. On Monday, the 30-share BSE Sensex soared by 1,041.08 points or 1.90 per cent to settle at 55,925.74. In three days, the bechmark has zoomed 2,176.48 points or 4 per cent. Helped by jump in equities, the market capitalisation of BSE-listed firms went up by Rs 10,19,936.84 crore to Rs 2,58,47,092.40 crore in three days.
The Reserve Bank of India on Friday raised the benchmark lending rate by 50 basis points to 5.40 per cent to tame inflation.
When he didn't respond (Mr Saver has lost count of how many relationship managers he has had in the past few years!), the gentleman landed up at his doorstep and started pleading with him to open fixed deposits with the bank, observes Tamal Bandyopadhyay.
This year saw no improvement in bilateral ties as India accused Pakistan of cross-border infiltration and re-activation of terror-launching pads near the LoC.
Addressing Indian workers at a medical camp in downtown Doha, Modi said he is aware of the issues being faced by Indian workers and the companies that bring them here.
'He made me feel like a crorepati even without sitting in the hot seat.'
A boat with three AK-47 rifles and bullets was found off the Raigad coast in Maharashtra on Thursday, officials said adding that there was no security threat.
Though the summer is expected to be hotter, global and domestic forecasts point to good rains.
A head of its meeting, the Reserve Bank of India (RBI) can take some solace from the softening food commodity prices. However, the events surrounding the last few weeks show that the fall may not be uniform across all commodities, and cereals like wheat and rice could be the outliers. A Reuters report said that local wheat prices jumped to a record Rs 23,547 per tonne on Wednesday. That is a 12 per cent rise from the recent lows that followed the government's surprise ban on exports on May 14.
The RBI on Wednesday cautioned that while the Indian economy appears capable of weathering the deterioration in geopolitical conditions amid the ongoing Russia-Ukraine war, it faces headwinds from global spillovers from geopolitical tensions, elevated commodity prices and moderating external demand. The RBI, however, did not tinker with the GDP growth projection made in April. It had slashed the GDP growth projection for the fiscal 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.
The south-west monsoon that had held itself back all through three weeks of the Sri Lanka-South Africa cricket Test series finally lashed Colombo on Friday.
Prime Minister Narendra Modi Monday said M Venkaiah Naidu's witty one-liners were 'revered, and never countered', and hailed his highly productive five-year term as vice president of India and Rajya Sabha chairman.
Trinamool Congress MP Derek O'Brien said the situation in Bihar is one of the reasons behind the Parliament session being cut short by the government.
Markets ended in green on rate cut hope.
'This year there is a sharp spike in fever cases, and it seems to be more than the pre-COVID-19 levels.'
In Tripura, the challenge for the chief minister is less from the alliance partners and more from his own party, the BJP.
The government expects the rollout of 5G services to start from early October in the country, Union minister Ashwini Vaishnaw said on Saturday. "As soon as the spectrum auction ends, within a few days itself, we will allocate the spectrum. "We expect that the 5G roll-out will happen from the beginning of October and within a year or so, we should have a good rollout in the country," the Union Minister for Communications, Electronics and Information Technology Ashwini Vaishnaw told reporters in New Delhi.
Over the last few months, the Indian economy has been on nothing short of a roller-coaster ride.
A decision to tap the 30 countries for exporting wheat was taken at a meeting of the commerce ministry on Thursday.
The current spell of weak monsoon over the country is likely to continue for the next five days, the India Meteorological Department (IMD) said on Wednesday.
Weak monsoons will affect agricultural output as well as industrial sector (as demand cools off). \n\n
Some glimpses of the torrid Indian summer
Some glimpses of the torrid Indian summer
NSO Group, an Israeli surveillance software company, has been under increasing attack following allegations that its Pegasus phone spyware was used for surveillance on journalists, activists and political leaders in several countries including India. NSO has denied any wrongdoing.
The IPCC has blamed man-made emissions for warming of the globe and long term climate change. Limiting climate change, therefore, will require substantial and sustained reduction of greenhouse gas emissions. This is the message to politicians and policy makers of the world, says Dinesh C Sharma
Day 5 of Parliament's monsoon session 2020. Watch all the action in both houses LIVE here.
On a train through eastern India in the rainy season, the British Broadcasting Corporation has produced a documentary film that charts the everyday lives of those involved in running the Indian Railways.
A government source on Saturday said that the matter related to Pegasus software is being monitored by a committee under the Supreme Court and its report is awaited.
The aid will directly benefit 25,000 people from some of the worst hit areas of the state, adding a humanitarian expert from the European Civil Protection and Humanitarian Operations has also been deployed to assess the situation in the state.
While nearly 200 members were present in the Lok Sabha chamber, a little over 30 were seated in the visitors' gallery located above the main chamber.
The fact is that it will take two to three years to fix the economy, and it would be advisable to say as much and manage expectations.
The Centre has also listed 24 bills, including the Cantonment Bill, the Multi-State Cooperative Societies (Amendment) Bill and the Insolvency and Bankruptcy Code (Amendment) Bill.
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
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