Former Board of Control for Cricket in India president and eminent lawyer Shashank Manohar was engaged in a proxy war of words with BCCI secretary Sanjay Patel over Tamil Nadu strongman N Srinivasan clinging to the hot seat in the world's richest cricket body.
RBI Governor Shaktikanta Das said the central bank saw economic growth slowdown in February, prompting it to cut rates ahead of the curve and wondered why markets were surprised with the decision to pause rate reduction. Noting that there is a need for an "informed and objective discussion" on the country's economy, Das said the RBI would do "whatever is necessary" to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders. The apex bank went for five consecutive rate cuts starting in February this year, making it a cumulative reduction of 1.35 per cent.
In a tweet, the prime minister's office said, Modi has approved an ex gratia of Rs. 2 lakh each from the Prime Minister's National Relief Fund for the kin of those who have lost their lives.
The WHOS has long held that the coronavirus is spread primarily by large respiratory droplets when an infected person coughs or sneezes.
Curator Daljit Singh has retired a happy man after 22 years of service to Indian cricket. The groundstaff are no longer seen as gardeners and are getting due respect, a change that pleases him the most.
As fuel prices surged in September, the government's decision to ask companies to cut price by Rs1 each on a litre of petrol and diesel came as a dampner for private players.
The weatherman said when 'Amphan' makes the landfall between West Bengal's Digha, some 180 km from Kolkata, and Hatiya island in Bangladesh on Wednesday afternoon or evening, it will pack sustained wind speed of 155 to 165 kmph, gusting at 185 kmph. The gale-force wind, blowing at a speed of 240 to 250 kmph and gusting to 275 kmph at one point, had lost intensity and was moving at a speed of 200 to 210 kmph, gusting to 230 kmph on Tuesday evening.
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
... Are far-reaching social changes coming with it, asks Ajit Balakrishnan.
The Governor said the MPC had voted to maintain its accommodative stance, implying more rate cuts in the future if the need arises.
In her four-page resignation letter addressed to the prime minister, she said, 'In view of the decision of the government of India to go ahead with the Bill on the issue of marketing of agricultural produce without addressing and removing the apprehensions of farmers and decision of my party, Shiromani Akali Dal, not to be a part of anything that goes against the interest of farmers, I find it impossible to continue to perform my duties as a minister in the union council of ministers.'
What is required from government is intellectual framework.
Centre working on open-ended lease agreement to enablesale of property at the end of the agreement period
India took the first step towards legalising drones by officially publishing draft rules for drone operations in the Official Gazette on Friday. The rules, termed The Unmanned Aircraft System Rules, 2020, are open for public consultation for 30 days.
The Urjit Patel committee on monetary policy framework has proposed setting up of a monetary policy committee (MPC) that will be headed by the Reserve Bank of India (RBI) governor and accountable for achieving inflation target set by it.
Auditoriums, malls, gyms and spas will be shut down and cinema theatres will be allowed with a third of the capacity on weekdays. Eating out will be banned and only home deliveries will be allowed. Weekly markets will be allowed but with restrictions.
The Centre will utilise huge network of post offices across the country to sell subsidised pulses, mainly tur, urad and chana, to ensure availability in the ongoing festival season.
In India, these global retailers exported goods worth $725 million in 2010. Modern retail constitutes 6.5 per cent of the $435-billion overall Indian retail market.
There were apprehensions in the SII about rival Bharat Biotech's 'indigenous' tag, opening up shortcuts for it. One senior person, who was very familiar with the sector, told me, 'The message has gone out from the very top. Somani (V G Somani -- drug controller general of India) has told me "Bharat ka karna hai".' A fascinating excerpt from Abantika Ghosh's Billions Under Lockdown: The Inside Story Of India's Fight Against COVID-19.
For any airline to be eligible for restructuring, the current ratio has to be equal to or higher than 0.4, while 'debt to Ebitda' has to be equal to or less than 5.5.
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The CPI(M) on Thursday slammed the Planning Commission estimates on poverty levels in the country, saying these made "a mockery of life and death struggles" of the people, amidst continuous rise in prices and "massive" slashing of subsidies for the poor.
The airline hopes to gain credibility in the market with infusion.
A summary of sports stories from across the globe
Infosys is developing three more projects at Electronics City.
PNB has rich experience in the integration of commercial banks.
An unprecedented decision to form a ministerial-level committee was driven by fears of witch-hunt by investigating agencies.
United States Vice President-elect Kamala Harris has named her Chief of Staff, Domestic Policy Advisor and National Security Advisor -- an all-women team -- which she said has the experience to hit the ground from day one.
Against varying claims its SGF ranged from Rs 839 crore (Rs 8.39 billion) to Rs 62 crore (Rs 620 million), between July 29 and August 14, the bourse had Rs 84.66 lakh (Rs 8.46 million) in the actual SGF.
The Manmohan Singh government's rush to pass the Food Security Bill reflects extreme paucity of logic and action, says Neeta Kolhatkar
A Russian medallist at the Pyeongchang Winter Olympics is suspected of having tested positive for a banned substance, a source at the Games said on Sunday, in a potential major blow to Russia's efforts to emerge from a drug-cheating scandal.
Chand pointed out that the government is willing to discuss the three farm laws clause by clause, and farmer leaders should consider this offer.
The Swiss lawyer heading up a committee charged with reforming the structure and management of world soccer body FIFA says major changes to the organization's voting structure and imposing term limits on executive committee members will be difficult to achieve in the short term.
Bajaj Finance was the biggest loser in the Sensex pack, tanking up to 8 per cent, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech. Axis Bank, ITC, NTPC and M&M were among the top gainers.
Test cricket returned to Pakistan for the first time in ten years with the Sri Lankan team playing two matches in Rawalpindi and Karachi, with the hosts winning the second match to clinch the series 1-0 after the rain-curtailed first game ended in a draw.
Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
The real battle for NEET abolition can take much more time and energy, observes N Sathiya Moorthy.
HDFC Bank was the top loser in the Sensex pack, falling 2.99 per cent, followed by Adani Ports at 2.87 per cent.
High frequency indicators suggest that a growth recovery is underway, but very tentatively and with weak legs, says Saugata Bhattacharya.
Two successive reports, one by Percy Mistry in 2007 and the other by Raghuram Rajan in 2008 had provided the RBI and the finance ministry with blueprints of what to do next. Both reports, unfortunately, was put on ice. The global meltdown saved the RBI. It also saved the finance ministry from having to work on the two reports.
