RBI Governor Shaktikanta Das kept the red flag on cryptocurrencies flying, warning that the next financial crisis can be triggered by private cryptocurrencies if such speculative instruments are allowed to grow.
Thousands of demonstrators have hit the streets since April 9, as the government ran out of money for vital imports; prices of essential commodities have skyrocketed and there are acute shortages in fuel, medicines and electricity supply.
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
After Prime Minister Modi performed the bhoomi puja for the Ram temple, Lata Mangeshkar picked her favourite Ram bhajans.
Addressing Bharatiya Janata Party MPs at an event to mark the 53rd death anniversary of Deendayal Upadhyay, a party ideologue who had founded its progenitor Jana Sangh, Modi said the saffron party always puts "rashtraneeti" above "rajneeti" and gives respect to even its political rivals.
In a televised address to the nation, Mahinda, who is under growing pressure to quit due to the worst economic crisis facing the island nation, said that he understands the people's sufferings.
A political novice, YSRC's M Gurumoorthy defeated former Union Minister of State Panabaka Lakshmi of the TDP by a margin of over 14 per cent votes.
'You've got to do what is best for you and what is best for your child's health,' actor Jana Kramer's husband said.
Parliament met for a brief special session on Saturday to announce the vacancy in the presidency following the resignation of Rajapaksa.
Kumar is reported to have made the Rajya Sabha remark during an informal chat with some journalists who had asked him about his recent tour of areas falling under the now abolished Barh Lok Sabha constituency which he had represented many times.
After nearly two days of political deadlock, the stakeholders are engaged in prolonged talks to try and appoint a successor to Mahinda Rajapaksa.
The Sri Lankan government has asserted that the recently signed maritime security pacts with India will "neither result in hindrance nor threat" to the island nation's security as "misinterpreted" by several media outlets in this country.
Mahinda Rajapaksa has been accused by the Opposition of inciting the ruling party mobs to attack peaceful protesters by making a defiant speech while addressing several thousands of his supporters to deflect calls for his resignation.
In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.
Employees across segments, including those involved in specialised jobs such as technology, compliance and risk management, have started leaving the bank fold in hordes, observes Tamal Bandyopadhyay.
"I must have been 20-22 years old when I and my colleagues did satyagraha for Bangladesh's freedom," Modi said.
Sajith Premadasa, the 55-year-old leader of Sri Lanka's principal opposition party Samagi Jana Balawegaya, said on Tuesday that he was withdrawing from the race of President to provide support to Alahapperuma.
In renaming TRS and repositioning it as a 'national' party, KCR is also eyeing a pole position in opposition politics ahead of the 2024 Lok Sabha elections.
Collectively, the pack of 12 has posted a 50 per cent rise in profits -- Rs 25,685 crore. On a quarter-on-quarter basis (that is, September over June), the rise is 68 per cent. Public sector banks have never had such a stellar performance, explains Tamal Bandyopadhyay.
The RBI refuses to classify a cryptocurrency as an asset since it doesn't have future cash flow and its value is always fluctuating because of speculation. There is also no consumer protection, observes Tamal Bandyopadhyay, and hence the e-rupee trial run.
Uber on Thursday said it is now showing trip destination to drivers before they decide to accept a ride to enable them to make informed choices as the ride-hailing app announced a host of new measures promising to improve platform experience for drivers as well as riders. Upfront destination feature is already live across 20 cities and will be expanded to all others, Uber said in a statement. The move assumes significance as the government recently warned cab aggregators, including Ola and Uber, of strict action unless they improve their systems and redress mounting consumer complaints.
Sri Lanka's former finance minister Basil Rajapaksa, who is the youngest brother of President Gotabaya Rajapaksa, was stopped from boarding a flight to Dubai on Monday evening, local media reported.
'India has given assistance that we required, otherwise we would not have been able to survive this far.'
Sri Lanka's main Opposition parties on Sunday agreed to form an all-party interim government after the anticipated resignation of President Gotabaya Rajapaksa on Wednesday, following unprecedented political turmoil that forced him and Prime Minister Ranil Wickremesinghe to offer their resignations over the mishandling of the nation's crippling economic crisis.
The incumbent ministers put in their papers at the meeting of the cabinet, which was their last, at the secretariat in Amaravati.
The father, himself unlettered, said he understands the importance of education and didn't want his son to waste 1 year.
That's the only way to convince those who have money to return to the bank fold, ditching other asset classes, says Tamal Bandyopadhyay.
The violence occurred following reports on Monday that Mahinda Rajapksa may offer to stand down as Prime Minister.
Firing a fresh salvo at the Bharatiya Janata Party which had accused the Shiv Sena of paying only lip service to the cause of Hindutva, the latter's member of Parliament Sanjay Raut on Tuesday claimed that the Sena was the first party in the country to contest an election on the Hindutva plank.
A statement issued by the presidential media division on Friday said an extremist group was behind the unrest near President Rajapaksa's residence in Mirihana.
Sri Lanka's main Opposition party Samagi Jana Balawegaya (SJB) on Tuesday handed over to the parliamentary Speaker motions of no-confidence against the Sri Lanka Podujana Peramuna (SLPP) coalition government and embattled President Gotabaya Rajapaksa, even as the government announced the appointment of a cabinet sub-committee to look into the proposal for a new Constitution.
Mamata Banerjee's sights are not on the next month's Presidential election. She is focusing on another election that will take place in 2024.
Former oil secretary Tarun Kapoor, present and former chairmen of ONGC and a former director of IOC, are among over a dozen people who have applied for the top job at the oil and gas regulator, PNGRB, sources said. Kapoor, who superannuated as Secretary to the Ministry of Petroleum and Natural Gas last month, is the most prominent name in the list of 13 persons who have applied to become the chairman of Petroleum and Natural Gas Regulatory Board (PNGRB). Oil and Natural Gas Corporation (ONGC) chairman and managing director Subhash Kumar and his predecessor Shashi Shanker are also in the race and so is G K Satish, who superannuated as Director for Planning and Business Development from Indian Oil Corporation (IOC) a couple of months back.
Some of the Congress's new-found enthusiasm for hitting the streets will show its result in the Gujarat, Himachal Pradesh, and Karnataka elections. That is when we will know if the Congress will go to the regional parties or the parties will come to the Congress.
Backstage is where all the magic unfolds at Lakme Fashion Week. Hitesh Harisinghani/Rediff.com gives us a glimpse.
The Emergency greatly influenced the RSS' makeover from a fringe force in the Indian political imagination to one that could have its own man sworn in as prime minister in two decades' time. A riveting excerpt from Christophe Jaffrelot and Pratinav Anil's India's First Dictatorship: The Emergency, 1975-1977.
Probably 35 bps. There could be even an encore in February 2023 to take the policy rate to 6.5% before the financial year ends, predicts Tamal Bandyopadhyay.
If Tamil Nadu BJP President K Annamalai bought it in 2015, did he get prior approval from the Union home ministry, and did he include it in his annual wealth returns, sections of the media want to know. N Sathiya Moorthy on the curious case of the 'Rafale' watch.
Of the 2,562 customer complaints received between January 2020 and March 2021, a majority relate to illegal apps. At least two dozen suicide cases have been reported, perpetrated by the harassment by loan app operators, points out Tamal Bandyopadhyay.
Sri Lankans were on the edge on Tuesday as they waited whether embattled Gotabaya Rajapaksa will honour his offer to resign as president, amid signs that key members of the erstwhile powerful ruling family were attempting to flee in the face of massive public anger against them for mishandling the economy that has bankrupt the country.
