Almost a decade after India shifted to a formal inflation-targeting regime under the Monetary Policy Committee (MPC) framework of the Reserve Bank of India (RBI), a high-level panel of economists said that the flexible inflation targeting has largely worked in keeping it under control and no major revamp is required.
'India has experienced any number of doctors, engineers, and individuals from professional backgrounds being implicated in terrorism. This is not a novel development.' 'These are mobilisations of opportunity. One does not exclusively associate with one's own kind. A comprehensive conspiracy requires diverse skill sets.' 'One needs individuals with local community contacts, those possessing physical capabilities, technical expertise -- an entire spectrum of capacities.'
If he cannot do it this term by using his bureaucracy and experts from different fields, it will be a tragedy, asserts Ramesh Menon.
As the potential threat of a steep 200 per cent tariff on pharmaceutical imports hangs in the air, analysts and industry insiders feel that focus on exports to non-US regions as well as domestic market will increase as a long-term trend. US President Donald Trump told CNBC's Squawk Box in the first week of August that planned tariffs on import of pharmaceutical products to the US could eventually reach up to 250 per cent.
Despite corporate bond yields hardening by 20-25 basis points, Indian corporates are not warming up to bank funding for their capital expenditure needs as bank lending rates remain elevated due to the higher cost of liabilities, compared to current rates in the debt capital market.
'In 2024-25, 1 million units of cars were transported via railways. This is 20.6 per cent of India's total car production of over 5 million.'
Nearly 7 out of every 10 P2M UPI transactions take place in high frequency categories like groceries, restaurants, pharmacies, fuel service stations, bakeries and utility services such as electricity, gas, water and sanitation.
Tata Trusts chairman Noel Tata and two other powerful trustees considered close to him blocked the reappointment of late Ratan Tata's close associate and businessman Mehli Mistry as trustee, deepening the rift at the philanthropic arm that controls the holding company of Tata Group, people familiar with the matter said.
The record monsoon rains across India during the June to September months was 937.2 millimetres, the 5th-highest since 2001 and 38th-highest since 1901.
Sitiveni Rabuka's visit to New Delhi marks a major shift in India-Fiji ties as the former coup leader who once expelled India's envoy now returns as an honoured guest, explains Ambassador T P Sreenivasan.
India's manufacturing sector growth strengthened in July to a 16-month high of 59.1, supported by faster increases in new orders and output amid favourable demand conditions, a monthly survey said on Friday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index rose from 58.4 in June to 59.1 in July, signalling the strongest improvement in the health of the sector since March 2024.
Nepal's claim on Lipulekh and Kalapani reopens a 200-year-old border dispute, while historical maps and treaties show the area belongs to India, asserts Lieutenant General Shakti Gurung (retd).
'If Washington has to balance Chinese power, she will have to turn to the third biggest power in the world which is India.' 'The United States and India will have to work together in order to keep Chinese ambitions in check.'
Indian corporate are increasingly shifting away from bank funding towards alternative sources, such as equity and bond markets, as their deleveraged balance sheets have improved their ability to raise equity at better valuations. Moreover, the 100 basis points (bps) rate cut by the Reserve Bank of India (RBI) has enabled them to access long-term funds from the debt capital market at cheaper rates.
The first cloud-seeding trial has been conducted in parts of Delhi, including Burari and Karol Bagh areas, aimed at inducing artificial rain to tackle air pollution.
'The informal sector can grow at a 100 per cent rate -- we have to plan big.'
10 ISL clubs slam AIFF for delay in tender process, allege "breach of trust"
The deal fell through over unresolved disagreements over contentious issues, mainly on agriculture and automotive sector tariffs.
Indian javelin star Neeraj Chopra has been dealing with a back problem for the past two weeks and that might have affected his performance in the World Championships finals in Tokyo on Thursday.
Father of deceased pilot and Federation of Indian Pilots petition Supreme Court for a court-monitored inquiry into the Air India flight AI171 crash in Ahmedabad.
'This tragedy will not be the last -- you shall witness another tomorrow, perhaps another the day after, and increasingly more.'
rediffGURU T S Khurana answers readers' personal income tax queries
A private school in Kerala declared a two-day holiday following a dispute with parents over a student's hijab. The school alleges outside interference, while the parents claim discrimination.
The competitive intensity in the mutual fund (MF) industry is moving beyond scheme performance, cost structures, and distribution. In recent months, several fund houses have rationalised exit loads applicable on redemptions.
Asrani may have never been a marquee name up in sparkling lights or on outsized posters but the sheer proficiency with which he realised his characters has unleashed gales of laughter over five decades and made a significant contribution to several landmark films. Dinesh Raheja salutes the iconic actor.
'He is the same man who has won honours for the country across the world.'
'Punjab floods are a calamity.' 'Right from Firozpur to Amritsar nearly 1 lakh homes have been completely damaged due to floods.'concern about the state of affairs.
'We have 38 Dalits who are MLAs and ministers. But that does not mean the Dalits of Bihar are prospering.'
Nasscom on Monday said the US clarification that the H-1B visa fee hike will not affect current visa holders and will apply as a one-time fee only to fresh petitions has helped address the immediate ambiguity surrounding eligibility and timelines.
'Pakistan is an ally who gives the US access.' 'If we have a presence there, it puts us that much closer to China and puts our assets closer to China and Iran.'
Indication of a potential US Federal Reserve rate cut may trigger optimism in the domestic equity market, with investors' attention shifting to the looming deadline for additional US tariffs on Indian goods in a holiday-shortened week ahead, analysts said.
On the 83rd anniversary of the Quit India movement, Utkarsh Mishra recalls the conditions under which the Congress, led by Mahatma Gandhi, launched the final struggle for independence.
'The Bhashini Mission has delivered a working technology at large scale, which is as good as or better than the one with MNC tech giants.'
Equity markets this week would keenly track the upcoming GST Council meeting, macroeconomic data announcements and trading activity of foreign investors for further movement, analysts said. Moreover, developments related to tariff negotiations, global market trends and auto sales data would also drive investors' sentiment.
The magnitude of the new H-1B visa application fee for fresh petitions - math of which works out to USD 500 million in case of 5,000 filings - may nudge IT companies to expand offshore delivery or increase local hiring, according to Motilal Oswal Financial Services.
From mobilising protests to choosing the interim prime minister -- Discord, Bitchat became virtual control rooms, even as familiar platforms like TikTok, Reddit, Instagram, etc. played their part.
Union Minister Dharmendra Pradhan criticized Congress leader Rahul Gandhi and RJD's Tejashwi Yadav for alleged abuses directed at Prime Minister Narendra Modi's mother during a political rally in Bihar. The BJP accused the opposition leaders of crossing 'limits of insult' with their remarks.
Daily essentials and food products will be cheaper from Monday, as leading FMCG companies have slashed prices, extending GST cut benefits to consumers.
Air India on Wednesday said it has cancelled its Lucknow-Mumbai flight scheduled for June 17 due to 'operational reasons' and the ripple effect of flight diversions.
'They know that when they go inside (the pitch), they have a job to do. So, there is no excuse.'
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