India's growth outlook has weakened sharply this year, with a crunch that started with the non-banking finance institutions spreading to retail businesses, car-makers, home sales and heavy industries.
The race to replace Boris Johnson as the Conservative Party leader and the British prime minister entered the final countdown stage on Friday, when voting officially closes for Tory members to choose between former chancellor Rishi Sunak or Foreign Secretary Liz Truss.
The sides will next head to Bengaluru for the deciding fifth T20 on Sunday.
India's macroeconomic fundamentals are strong to deal with global challenges and the central government is committed to sticking to the fiscal deficit target of 6.4 per cent of the GDP for the current fiscal, official sources said on Monday. The government is taking steps to deal with the spiralling crude oil prices in the international market, the sources said. India meets nearly 85 per cent of its oil demand through imports and a weaker rupee makes imports costlier.
The impact of fiscal measures announced by the government to contain inflation will be seen in the next few months because of the base effect, reports Indivjal Dhasmana.
The cost of debt-funds for the states has touched the highest level so far this fiscal with the weighted average cut-off crossing the 7.16 percentage points at the latest auctions, up 11 bps over the past week, reflecting the hardening yields even for the government securities. The hardening of the rates at the first auction of the quarter comes in the wake of the expected large supply of debt from the states, as indicated for Q4 at Rs 3.2 lakh crore, up by Rs 10,000 crore. Nine states on Tuesday raised Rs 18,900 crore at the latest auction of state development loans.
The vote value of an MLA is calculated on the basis of the total population of the state, based on the 1971 census.
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The country's wheat output is estimated to drop by about 3 per cent to 106.41 million tonnes in the 2021-22 crop year (July-June) from the previous year, agriculture ministry said in its latest estimate released on Thursday. The production is, however, lower by 4.61 per cent from the earlier estimate of 111.32 million tonnes projected for the 2021-22 crop year, the data showed. Wheat production stood at a record 109.59 million tonnes in the 2020-21 crop year.
Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2021-22 along with Statistical Appendix in the Lok Sabha on the first day of the Budget session of Parliament. Later, the Lok Sabha was adjourned till tomorrow. The Economic Survey will now be tabled in the Upper House. The Budget Session of the parliament commenced on January 31 with President Ram Nath Kovind's address. The first part of the Budget session of Parliament will be held from January 31 to February 11 and the second part of the Budget session will take place from March 14 to April 8.
I have no idea how that happened, lost for words, says Virat Kohli
Mubarakan proves convincingly that comedies need not always be about slapstick, that there is more to comedy films than vulgar gestures and crass jokes, says Prasanna D Zore.
India's potato and tomato production could be marginally less in 2021-22 as compared to the previous year while onion output could be almost 17 per cent more than last year. This was stated in the first advance estimate of horticulture production released on Monday. The government also said total horticulture production is estimated to be at 333.3 million tonnes, a slight decrease of about 1.35 million tonnes (mt)?(or 0.4 per cent) over 2020-21.
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Of the 23 companies, eight have raised funds after Shark Tank India.
The recent migration of marquee investments from Maharashtra to Gujarat seems to have rekindled the Marathi manoos sentiment.
'When I crossed that point where I had the accident, I felt light and that was a very physical experience. I felt something leave me.' Shyam G Menon chronicles the voyages of that incredible Indian sailor, Abhilash Tomy.
The government had amended the RBI Act through Finance Act 2016.
It said that the GDP growth has averaged 7.3 per cent from 2014-15 to 2017-18, which is the highest among the major economies of the world.
The North-West is expected to be hit the most.
Images from the T20 World Cup match between Sri Lanka and England at the Sydney Cricket Ground on Saturday.
The BCCI will be expecting the two new IPL franchises to go for Rs 7000 crore to Rs 10,000 crore each at the bidding process which begins in Dubai on Monday.
The government had projected the GDP growth to be at 8.5%.
IMAGES from the English Premier League matches played on Saturday
Canada's Eugenie Bouchard, on a comeback trail from injury, began her campaign in the tournament with a 7-5. 6-2 win over Joanne Zuger of Switzerland. She was joined in the second round by compatriot and seventh-seed Rebecca Marino.
Reliance Industries, the Tata group, Bharti Airtel and Aditya Birla are among Indian conglomerates that have hedged their revenue and costs linked to the US dollar, giving them financial cover as the rupee fell past 80 against the greenback on Tuesday.
The Economic Survey was tabled in the Parliament on Friday.
Afsar Dayatar/Rediff.com brings us scenes from the Jug Jugg Jeeyo trailer launch.
With the ball difficult to grip, the pacers had a tough time but once the spinners started operating India started to peg things back a little.
IMAGES from the 2nd T20I played between India and Australia in Nagpur on Friday.
A late blow by South African paceman Makhaya Ntini set India back as they finished the first day on 156 for five in the first Test.
Come December, India may have to re-evaluate purchases of Russian oil if a price cap on crude oil proposed by the US and the European Union (EU) comes into effect. That impacts nearly a quarter of India's oil purchases that come at a discount, helping limit marketing losses for India's state refiners and enabling New Delhi to manage inflation by freezing pump prices of motor fuels. In September, India imported 1 million barrels a day or 24 per cent of its overall imports from Russia, which became the biggest supplier of oil to India.
An intimidating Vinesh Phogat pounced on her rivals to complete a hat-trick of Commonwealth Games gold medals while Ravi Dahiya too went unchallenged as India's wrestlers wrapped up their campaign with a rich haul of 12 medals, in Birmingham on Saturday.
A lawyer has moved the court alleging 'total collapse' of administration.
In a statement, it said 198 properties in the state were partially damaged and 30 houses completely destroyed in the rains from July 31 to till date.
Logistics services provider Delhivery is likely to launch its downsized initial public offering (IPO) this week, said people in the know. The Softbank-backed firm may trim its issue size from Rs 7,460 crore to Rs 5,500 crore to align with the volatile market conditions, sources said. Sources added the fresh issue component of the IPO could be reduced to Rs 4,500 crore and the OFS component to Rs 1,000 crore.
Finance Minister Nirmala Sitharaman on Tuesday met IMF managing director Kristalina Georgieva and discussed a range of issues, including impact of geopolitical situation on global growth.
Younis Khan and Azhar Ali featured in a century-plus stand to prop up Pakistan but New Zealand claimed three wickets in the final session to stay ahead in the second Test in Dubai on Wednesday.
Sitharaman does away with loans from National Small Savings Fund to Food Corporation of India.
The government's subsidies on food, fertilisers, LPG and kerosene are pegged at Rs 5.96 lakh crore in the current fiscal, over 2.5-fold jump from the initial budget estimates as the Centre distributed additional foodgrains free of cost to help poor mitigate the impact of COVID-19 pandemic. In February 2020 Budget, presented in the pre-COVID scare, the government had estimated the subsidy bill at Rs 227,794 crore. However, all the budget estimates, have undergone major revisions as the country imposed strict lockdown to check the spread of COVID-19.
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