The Reserve Bank is likely to maintain status-quo on the key interest rates for the third time in a row in its upcoming bi-monthly policy review despite the US Federal Reserve and the European Central Bank hiking benchmark rates, as domestic inflation is within the RBI's comfort zone, say experts. The borrowing cost which started rising in May last year has stabilised with RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. In the previous two bi-monthly policy reviews in April and June the benchmark rate was retained.
Trinamool Congress floor leader Derek O'Brien was suspended from the Upper House of Parliament on Tuesday for the remaining part of the Winter session after he threw a Rajya Sabha rule book at the Chair.
The Karnataka cabinet on Thursday approved the revision of Kannada and Social Science textbooks of Classes 6 to 10 in the state for this academic year by removing the chapters on Rashtriya Swayamsevak Sangh founder K B Hedgewar and Hindutva ideologue V D Savarkar among others.
The Bharatiya Janata Party on Tuesday promised 10-year punishment and Rs 1 lakh fine for those indulging in love jihad if it returns to power in Uttar Pradesh.
Seeking to make inroads in Chhattisgarh, Aam Aadmi Party leader Arvind Kejriwal on Saturday announced 10 'guarantees' for the upcoming assembly polls in the Congress-ruled state including free electricity, monthly 'samman rashi' for women and Rs 3,000 monthly allowance for the unemployed.
Shiv Sena MP Sanjay Raut routed his unaccounted money through various shell companies opened in the name of his family members and associates, his former aide and prime witness in the money laundering case linked to the redevelopment of Patra 'chawl' project told the Enforcement Directorate (ED).
In a tightening cycle, a premature pause in monetary policy action would be a costly policy error, Reserve Bank Governor Shaktikanta Das opined while voting along with five other members of the MPC for raising the key lending rate by 35 basis points earlier this month, according to the minutes of the meeting released on Wednesday. Prior to the December hike in repo rate, the RBI had raised the key short-term lending rate by 190 bps in four tranche.
We speak freely to the media without teleprompters, Jairam Ramesh counters.
A fresh political war of words erupted on Tuesday over the Rafale issue as the Bharatiya Janata Party accused the Congress leadership of corruption citing claims of a French media report on 'commissions' being paid during the United Progressive Alliance rule and said the Indian National Congress should be renamed 'I Need Commission' party.
Finance Minister Nirmala Sitharaman on Saturday reviewed the performance of public sector banks (PSBs) on various financial health parameters and their resilience in the wake of the current global financial scenario emanating from the failure of some international banks in the US and Europe.
BJP president J P Nadda on Sunday promised Uniform Civil Code (UCC) and 33 per cent reservation for women in government jobs in Himachal Pradesh while releasing the party's manifesto for the state assembly polls.
The Aam Aadmi Party claimed on Wednesday that the Bharatiya Janata Party has approached four of its legislators in Delhi, asking them to switch sides and join the saffron party or else, face 'false cases, the CBI (Central Bureau of Investigation) and the ED (Enforcement Directorate)'.
The BJP asked voters in Gujarat to do "100 per cent voting for the son of the soil" Modi to take "revenge" in a democratic manner for the "insult"
Congress veteran Mallikarjun Kharge has given his resignation to party chief Sonia Gandhi as the Leader of Opposition in Rajya Sabha as he is contesting the election for the post of party president.
BJP's survey predicted that their candidate would lose the bypoll by at least 45,000 votes, Raut claimed.
rivals Congress, JMM and TMC and Samajwadi Party.
The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7 per cent in the next financial year beginning April 1, said a Reserve Bank article on 'State of the Economy'. In 2023-24, capital expenditure is budgeted at Rs 10 lakh crore which will constitute 3.3 per cent of GDP. "We believe that India will decouple from macroeconomic projections of current vintage and also from the rest of the world.
"If there is an image of Lakshmi-Ganesh on our currency (notes), our country will prosper. I will write to (the) prime minister in a day or two on this," he said at a media briefing.
Raut said he will meet Maharashtra Deputy Chief Minister Devendra Fadnavis, Prime Minister Narendra Modi and Union Home Minister Amit Shah in the coming days.
"This bunch of illiterate people cannot probably differentiate between 'shall' and 'consider'," the former Madhya Pradesh chief minister said.
Admitting that credit growth is "very low" given the size and growth rate of the economy, the Reserve Bank on Wednesday said for both the numbers to match, "the very very wide output gap" has to close. The central bank also clarified that low credit growth does not necessarily mean low credit flow to the economy, or choking of credit to the system, as bank credit growth numbers that the central bank publishes regularly represent only the outstanding credit in the system. Output gap means due to poor demand conditions, companies are unable run their plant at full installed capacity or, in a larger sense, an economy is not producing optimally as the demand is missing.
Delhi Chief Minister Arvind Kejriwal was questioned for nearly nine hours by the Central Bureau of Investigation (CBI) on Sunday in the excise policy case, amid protests by his party as the Aam Aadmi Party chief claimed that the allegations of scam were false and the agency was acting at the Bharatiya Janata Party's behest.
BJP candidate from Ballari City G Somasekhara Reddy has said his brother's wife and rival Kalyana Rajya Pragati Paksha (KRPP) candidate Aruna Laxmi is a 'housewife and has no idea about the problems of the constituency'.
The Reserve Bank of India (RBI) will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. Headed by Reserve Bank Governor Shaktikanta Das, a meeting of the six-member Monetary Policy Committee (MPC) is scheduled for June 6-8. The decision of the 43rd meeting of the MPC would be announced on Thursday, June 8.
Union Home Minister Amit Shah asked the opposition on Monday to allow a debate on the Manipur issue to begin in Parliament but the deadlock persisted in Lok Sabha and Rajya Sabha as both sides refused to budge from their stand, with Congress and its allies insisting on a statement from Prime Minister Narendra Modi first.
A preliminary enquiry into the complaint is still being carried out by the Delhi Police's Special Cell team and no FIR has been registered in the matter yet, officials said.
Congress leader Rahul Gandhi's convoy was on Thursday stopped by the Manipur police at Bishnupur, about 20 kilometres from Imphal, officials said.
The government has objected to Twitter using 'manipulated media' tag for tweets on an alleged Congress toolkit used to target the Centre over its COVID-19 handling, sources said.
The manifesto release programme was scheduled at the BJP office in Lucknow at 10.15 am.
Swapna Patkar had approached the police recently claiming she was given rape and murder threat in a typed paper, which was inserted in a newspaper delivered to her on July 15, he said.
Last week, Twitter labelled as "manipulated media" a tweet by BJP's Sambit Patra on the alleged 'toolkit'.
Party sources claimed that many BJP MLAs and MPs are upset over the chosen candidates, with the party symbol withheld on eight seats due to dispute over ticket distribution.
The Enforcement Directorate (ED)'s plea seeking cancellation of bail granted to Shiv Sena (Uddhav Balasaheb Thackeray) MP Sanjay Raut by a special court in a money laundering case could not be heard by the Bombay high court on Thursday due to paucity of time.
Jagdeep Dhankhar who is set to take oath as the next vice president this week met incumbent M Venkaiah Naidu in New Delhi on Sunday.
A couple of days after announcing her pregnancy, Sonam Kapoor makes an appearance at a store launch.
Shiv Sena president Uddhav Thackeray was denied permission to meet jailed party MP Sanjay Raut and asked by authorities to take the court's approval for meeting him in prison, a senior jail official said on Wednesday.
Sidhu visited the revered Gurdwara Darbar Sahib and offered prayers and stressed on 'opening of a new friendship chapter' and trade between the two countries, days after India early this week reopened the visa-free Kartarpur corridor for Sikh pilgrims.
The BJP has returned to power in Manipur by winning 32 seats in the 60-member House in the recent assembly elections in the state.
While extending the custody, the court noted that the ED has made 'remarkable progress' in the investigation.
This management team will coordinate with all state units of the BJP and its allies for the presidential election and is also expected to guide its elected voting representatives on the voting process.
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