'There are more young people in Assam who are unemployed than possibly anywhere else.'
In its Fifth Bi-monthly Monetary Policy Statement, 2017-18, RBI said the second quarter growth was lower than the one that was projected in the October review, and the recent increase in oil prices may have a negative impact on margins of firms and Gross Value Added (GVA) growth.
The Committee on Review of Eligibility Norms, constituted by markets regulator Securities and Exchange Board of India, has come out with its initial set of recommendations on which the regulator has invited public comments.
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
Dr Arun Jamkar, former vice chancellor, Maharashtra University of Health Sciences, makes a strong case for reforming Indian medical education and believes that the National Medical Commission Bill is historic.
Addressing the Congress Working Committee, the president of the party said, ""Misfortunes do not come singly. India has been hit by a terrible economic crisis, a pandemic of huge proportions and, now, by a full-blown crisis on the borders with China. Much of each crisis is attributable to the mismanagement of the BJP-led National Democratic Alliance government and the wrong policies pursued by it."
The first task before him is to get used to the idea of working with the Monetary Policy Committee
The committee also cleared the Rs 5,000-crore (Rs 50-billion) modernisation plan for the New Delhi Railway Station.
The government is committed to taking India forward on the path of modernisation and industralisation to make it a superpower of knowledge economy," said the prime minister.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Small aircraft operators want better infra at regional airports.
Parrikar, who is suffering from pancreatic ailment, presented a revenue surplus state budget sitting on his chair in the state assembly, with a tube inserted through his nose.
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
The projects are to be given out on design, build operate, finance and transfer basis and are part of third phase of the National Highways Development Project, the government's programme to develop road infrastructure across the country.
Board of Control for Cricket in India president Anurag Thakur conceded that the current crisis facing the BCCI is not in the best interest of cricketers but the Board will have to keep everything on hold till Supreme Court gives it's verdict on January 3.
The three companies for sale are Reliance Communications, Reliance Telecom and Reliance Infratel.
Normally, kharif sowing of vegetable seeds starts during the first week of May across the country. Farmers start preparing their fields to make them suitable for kharif sowing during the second fortnight of April. Now, however, faced with the lockdown, farmers are in a hurry to clear their fields of rabi crop and prepare for kharif planting. With a normal monsoon forecast this year, they are doing all they can to take advantage of pre-monsoon showers.
Details of the Board of Control for Cricket in India payments of above Rs 25 lack during the month of April 2016.
'We need to confront such people else they will be encouraged to harass more women in the future,' notes HR guru Mayank Rautela.
While the new Strike Corps is being raised, equipped and trained, the government must make vigorous efforts to speed up the completion of infrastructure projects. Otherwise, the army will have a new Strike Corps and not be able to launch it effectively, says Gurmeet Kanwal
Call to hike the limit for investment approval from CCEA to Rs 1,500 crore.
Jaishankar said that the resolution on Kashmir introduced by Jayapal in the House is not a fair characterisation of the situation in J-K. And also said that he has no interest in meeting the Congresswoman.
Gale-force winds, heavy rainfall and high tidal waves swept the coastal belt of Kerala, Karnataka and Goa as Cyclone Tauktae hurtled northwards towards Gujarat on Sunday, leaving four people dead in Karnataka and two in Goa, damaging hundreds of houses, uprooting electricity poles and trees and forcing evacuation.
The US said it has strong evidence that China has deployed anti-ship missiles, surface-to-air missile systems and electronic jammers to contested features in the Spratly Islands region of the South China Sea.
Unhappy with the manner in which cricket is being run in Jammu and Kashmir, an angry Parveez Rasool said that he would be forced to play for a different state if things didn't improve drastically.
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
The response of the government has been cautious so far.
The government's predicament is a result of its own doing: That of not ensuring adequate buy-in by the stakeholders before passage of the laws, notes Vivek Gumaste.
The committee's suggestion that existing commercial banks be allowed to hold payment banks as subsidiaries is also seen as unviable by RBI and the finance ministry.
'No Budget has so far has addressed the issue of the government's abysmal productivity of capital spending, improving which will be the big game changer. 'But, the government's tight lock on businesses, banks, education, and even essential services like transportation and large parts of infrastructure and healthcare is destroying capital year after year,' points out Debashis Basu.
Speaking at industry association CII's annual session, PM Modi said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy. "On the one hand we have to safe the lives of our people and on the other hand we have to stabilise the economy and speed up the economy," he said. "Yes, we will definitely get our growth back," he asserted.
The promptness with which the railways renames stations, that is missing when it comes to providing commuters with basic facilities, says Neeta Kolhatkar.
If Nirmala Sitharaman does indeed present a 'never-before' like Budget on February 1, going by her promise, she would create a new benchmark for post-contraction Budgets, observes A K Bhattacharya.
We need to make better efforts to align job training with the skills the market demands of its workers, especially as advancing technology changes the types of jobs available in our economy: Alexander Acosta.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
The list, which was released by Delhi BJP chief Manoj Tiwari, also included former AAP MLA Kapil Mishra and has 11 SC and four woman candidates.
The NCLAT said the RBI cannot restrict it from prohibiting banks from 'asset classfication' and observed that any change in this order would upset the entire resolution process of the IL&FS
A PTI tally of figures announced by states and UTs, as of 9.30 pm, showed the total number of confirmed cases having risen to close to 2.1 lakh and the death toll to approximately 6,000, showing an increase of nearly 9,000 cases since Tuesday evening and at least 273 more fatalities in this time period.
The under-fire Indian Cricket Board (BCCI) will hold its Special General Meeting on December 2 in New Delhi to discuss the Status Report filed by the Supreme Court appointed Justice RM Lodha Committee.
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