India's manufacturing sector saw a slower growth rate for the second straight month in May but stayed firmly in expansion mode with global sales increasing to the greatest extent in over 13 years, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 58.8 in April to 57.5 in May, signalling a slower but substantial improvement in the health of the sector. The index had climbed to a 16-year high of 59.1 in March.
Stressing that economic growth will only move upwards, the Reserve Bank of India Governor Shaktikanta Das on Friday pegged the GDP growth rate for the next financial year at 10.5 per cent, though a tad lower than the government's projection of 11 per cent. The projection is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week. The Economic Survey, tabled by the government in Parliament recently, has projected that the economy will grow at 11 per cent, up from an estimated historic decline of 7.7 per cent in 2020-21, on account of the COVID-19 pandemic.
In response to the tragic incident, many committees scaled back their celebrations significantly.
Punjab, starting the penultimate day on 73/3 and needing 144 more runs, crumbled under pressure from Sindhu's relentless spin and Jayant Yadav's precise off-spin (3/35 in 10.4 overs), collapsing well before lunch and handing Haryana their second outright win in four matches.
Proceedings of both Houses of Parliament were disrupted on Monday as the treasury benches accused top Congress leaders of colluding with billionaire investor George Soros to destabilise the country, triggering protests from opposition members.
The RBI governor has to convert the zero-sum game with the government from a non-cooperative one -- which his two predecessors had made it -- to a cooperative one, explains T C A Srinivasa Raghavan.
'Even my normal balls felt like slower balls compared to his pace'
By conventional yardsticks, Das was an audacious choice by Prime Minister Narendra Modi and the BJP president Amit Shah, like Devendra Fadnavis was in Maharashtra and Manohar Lal Khattar in Haryana. Will his choice pay off in the elections next month?
'Whether I am optimistic or pessimistic is not the issue; I am just going by the evidence available.' 'The Indian economy and financial sector are now well-placed and very resilient in dealing with any kind of spillover coming from the external world.'
The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant interest rates to the borrowers. These four entities are Asirvad Microfinance, Arohan Financial Services (also an MFI), DMI Finance, which provides personal, consumption, and micro, small and medium enterprises loans, and Flipkart co-founder Sachin Bansal's Navi Finserv, which offers home and personal loans. The ban will take effect on October 21 to "facilitate closure of transactions in the pipeline", the regulator said in a statement.
Indian women's team batting coach Shiv Sunder Das on Thursday promised a different approach to counter Australian bowlers and backed out-of-form opener Smriti Mandhana to come good in the second ODI against the hosts.
'Ayodhya will once again become Ram's city.'
Shakib Al Hasan is set for his last appearance in Test cricket in front of the home crowd as the venerable all-rounder was named in Bangladesh's squad for the first match against South Africa, starting in Dhaka on Monday.
He will be the first bureaucrat to head the central bank in almost five years.
Even a whiff of an incident like the violent 1989 shirt-ripping attack on Krishnamachari Srikkanth by a Karachi spectator would be ruinous. It would set back the ties further, derail an ongoing tournament, and harden Indian attitudes on playing Pakistan anywhere at all, asserts Shekhar Gupta.
The Delhi police, however, said in a statement on 'X' that the animal seen in the video is a 'common house cat'.
IMAGES from Day 2 of the first Test between India and Bangladesh, played in Chennai, on Friday.
Our batters don't know how to score 180 runs, admits Shanto
This year, the genre has done especially well, with films like Stree 2 and Munjya. Will Bhool Bhulaiyaa 3 keep up the momentum?
In Agartala, the Group A match between Mumbai and Tripura ended in a draw with the reigning champions earning three points by virtue of the first-innings lead.
Addressing the gathering at the programme in Agra, Adityanath said, "There can be nothing bigger than the nation, and when will a nation be strong, when we are united and good."
"I mentioned to sir (Ratan Tata) that the son of a fellow army officer was handicapped below the waist and needed a job," he told PTI from Pune where he now lives. "Vijay Bisht, son of my then colleague in M&G area HQ Lt Col B S Bisht, had sustained severe leg injuries after falling from a horse and I came to know he was looking for a job," he added. Tata said the needful would be done. And it was.
Payal Kapadia's understanding of what it means to be a woman is as poignant as her authentic portrait of Mumbai's hoi polloi, observes Sukanya Verma.
Time to surprise your family and friends with a really unusual dessert.
The high court said disclosing such information will not only compromise the functioning of the Special Branch of the Delhi police, but could also jeopardise ongoing and future investigations, adding that it falls within the scope of 'exempted information' under the RTI Act.
Troubled twins, dangerous cults, portent dreams, telepathic kids, World War III, yakuza clans... Sukanya Verma lists the many options on OTT this week.
In the state capital Kolkata, civil society members marched from Ramlila Maidan in Moulali to Metro Channel in Esplanade, demanding justice for the victim of the crime that shook the conscience of the nation.
Tamil Nadu's S Dhanalakshmi, who had stunned Dutee Chand in the 100 metres final, beat Hima Das, another star athlete, in the 200 metres semi-final heats, clocking a new meet record time of 23.26 seconds, in the Federation Cup National Senior Athletics Championships, in Patiala, on Thursday.
'What's the first thing you're going to do when the world is normal again?'
India's manufacturing sector output increased at a sharp pace in June as new business continued to flow in amid favourable demand conditions and resulted in record upturn in employment, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) increased from 57.5 in May to 58.3 in June, indicating a sharper improvement in business conditions. In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
Mushfiqur made 191 and forged a 196-run stand with Mehidy Hasan Miraz (77) for the seventh wicket as Bangladesh posted their highest total against Pakistan
After drawing people's attention to her acting prowess, Shraddha Das is now winning the Internet with her yoga pics.
Adah Sharma, who seems to be holding back an eye roll, is the only half-way decent actor amidst the crowd of amateurs and a bored-looking Rahul Dev in Reeta Sanyal, observes Deepa Gahlot.
Deepika Kumari is torn between two worlds. One where the doting mother longs to be with her 19-month-old daughter Vedika, and another where the ace Indian archer craves for an elusive Olympic medal.
National record holder Gulveer Singh erased a 30-year-old meet record to win the men's 5,000m race on the opening day of the 63rd National Open Athletics Championships in Bengaluru on Friday.
Muhammad Yunus proved that he was neither an armchair economist nor a slogan mongering political activist, but a doer destined to do what Mahatma Gandhi said -- to remove every tear from every eye, recalls Rup Narayan Das.
Rabada reaches new milestone as Proteas take control over Bangladesh, on the opening day of the first Test against Bangladesh.
Odisha Chief Minister Mohan Charan Majhi on Sunday ordered a judicial inquiry into the alleged torture of an Army officer and the sexual assault of his fiance at a police station in Bhubaneswar.
The cross-sectional survey was conducted among 1,566 healthcare workers from diverse medical institutions across India using a pre-tested, self-administered online questionnaire, which assessed various dimensions of workplace safety.
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