Inclusive of the July hike of 25 paise, a monthly increase of similar amount would result in a saving of Rs 2.25 a litre for the current financial year alone.
The US on Thursday raised concerns over India's Personal Data Protection (PDP) Bill and draft non-personal data governance framework, claiming these could potentially threaten innovation and economic growth. In its latest 'Special 301' Report, the US Trade Representative (USTR) kept India on the priority watch list, maintaining the country remains one of the world's most challenging major economies with respect to protection and enforcement of intellectual property (IP). In December 2021, a joint parliamentary committee released a report recommending changes to the PDP Bill, 2019, that could undermine important IP protections in India.
The most common symptoms were fatigue, post-exertional malaise -- worsening of symptoms after physical or mental exertion -- and cognitive dysfunction, often called brain fog.
PSB chiefs tried to argue that liquidity is in surplus in the system and the problem was related to lack of demand in the economy, instead of banks' reluctance to lend, but 'the FM said it is a perception issue that loan is not available, which we need to dispel,', reports Somesh Jha.
The Congress will only be able to gain from the bill if its benefits percolate down to the people within the next eight months, says Anita Katyal
Despite the demonetisation of 2016 and the rise in digital transactions that followed, the economy's dependence on cash has remained as high as ever. So when the Reserve Bank of India (RBI) introduced a pilot project of its version of digital cash - called the central bank digital currency (CBDC) - on December 1, many questions were asked. Can the CBDC replace physical cash, even partially? Can it match cash in terms of convenience? Are CBDC transactions truly anonymous?
FMCG firms such as ITC, Parle Products, Marico, Emami, PepsiCo India and CG Corp Global on Wednesday assured uninterrupted supply of their products based on the learnings from the last year's lockdown, even as surge in COVID-19 cases in India forced Maharashtra to declare a 15-day curfew while other states also imposing various restrictions.
The United Progressive Alliance's growth story' and food security scheme dominated a Congress workshop on Monday where its media managers from across the country were given training to disseminate party's message on key issues ahead of next Lok Sabha polls.
Former Telecom Minister A Raja on Sunday said he was ready to serve life imprisonment if a single rupee or dollar was found in any offshore account in his name.
Amid a spate of government proposals at its door, the Election Commission has asked all Union government departments to route their proposals through the Cabinet Secretariat.
It took a lockdown for us in India to even recognise that the plight of migrants needs to be addressed. They were faceless and unrecognised. They were unappreciated and even hounded. They were poorly paid and exploited, notes Ramesh Menon.
In its weekly report on the pandemic, the World Health Organisation said on Tuesday that the incidence of COVID-19 has increased globally, initially driven predominantly by transmission of the Delta variant, particularly in the European region.
Even as India's internet base continues to widen, with the country set to have over 900 internet users by 2025, a parallel rise in cyber threats has become a matter of huge concern. Experts say that the sudden surge in digital adoption left little time to develop a cybersecurity backbone for the country. This has put large amounts of data at risk.
It is a sea of men clad in veshtis with distinctive party colour border design seeking votes with a smile and folded hands for their party candidates. The town is abuzz, with electioneering at its peak, and teeming trendy cars criss-cross the busy roads and bylanes bringing in more and more leaders from elsewhere for campaign.
In view of the economic shock caused by the COVID-19 pandemic, Reserve Bank of India (RBI) on Friday asked scheduled commercial banks and co-operative banks not to make any dividends for the financial year ended March 2020. In view of the ongoing stress and the heightened uncertainty on account of the pandemic, RBI said it is imperative that banks continue to conserve capital to support the economy and absorb losses, if any. The decision is based on review of the September quarter financial performance of banks.
Blockchain's promise: Dramatically speeding up transactions, explains Ajit Balakrishnan.
Police escorted the rally all the way, at one point standing in a row to prevent the rallyists from entering a side road where stood a huge mosque. Across the road, an old Muslim woman asked her Hindu neighbour what the rally was all about. The latter shrugged her ignorance, looking on in bewilderment at the young men with their saffron flags, all of them wearing Bajrang Dal T-shirts.
The vaccine arrives at a critical moment for the US. Hospitalisations due to COVID-19 hit record highs for the seventh day in a row on Saturday.
The country saw two straight years of deficient monsoons.
Finance Minister Nirmala Sitharaman presented her third Budget on February 1.
"The emphasis is on making every rule, law, policy people-centric, and public-friendly. This is the use of the new governance model and the country is getting its results," Prime Minister Modi said while speaking at the launch of a platform for 'Transparent Taxation -- Honoring the Honest'.
Modi stressed on the need for constant genome sequencing to monitor emergence of mutants and also to ensure increased oxygen availability, the Prime Minister's Office (PMO) said in a statement.
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Sakshi Balani presents an FAQ on the Food Security Bill that was passed by Lok Sabha on Tuesday.
The stock and foreign exchange markets have had a negative reaction to the government's biggest social security programme, the National Food Security Bill. Food minister K V Thomas questions the rationale behind such a response
With Narendra Modi about to make his first Independence Day speech, there is a buzz in Delhi that Modi will make some big announcements to signal major reforms and directional shifts. But we have to wait and see if it happens, says Mohan Guruswamy.
New norms are in place to strengthen regulations for this set of lenders which has been playing a critical role in Asia's third largest economy, notes Tamal Bandyopadhyay.
Delhi power minister Satyendra Jain in an interview to Rediff.com contributor Upasna Pandey, says thatdiscoms will be able to cater to the peak power demand of up to 6,500 MW, provided residents cooperate by reducing peak time usage.
The government chose moral persuasion to make people give up subsidies, notes Rahul Khullar.
There has been criticism of the official statistics ever since MoSPI came out with new methodology to estimate the GDP on the base year of 2011-12 compared to earlier 2004-05.
The MCC's World Cricket Committee which includes greats like Shane Warne, Kumar Sangakkara, Sourav Ganguly and Ricky Ponting, recently discussed the controversial umpire's call aspect of the Decision Review System.
In other welfare schemes, such as those for cooking gas, pension and scholarships, which are linked to DBT, cash is transferred directly into the bank accounts of beneficiaries.
Vaishnaw said that the actual reason behind the accident could be ascertained only after dismantling the engine's equipment.
'The farm bills will not bring in corporate zamindari'
Sanyukt Kisan Morcha, which is spearheading the protests at Delhi border points, distributed handbills in Hindi to commuters on the Jaipur-Delhi Highway near Haryana-Rajasthan borders, where hundreds of farmers have been camping for almost past three weeks now, to convey their apology, and also reiterate their demand for legal guarantee for Minimum Support Price.
K N Balagopal (Communist Party of India -Marxist) said the Congress and the BJP were acting as A-Team and B-Team and not allowing the House to discuss the bills.
'The Jharkhand government is increasingly intolerant of voices of dissent.' 'Recently 20 persons, including activists, writers and academics, were booked for sedition.' 'Many of them have been critical of the government's apathy towards Adivasis,' notes Siraj Dutta.
Venkaiah Naidu said Aadhaar will not be made mandatory till the entire population gets such cards or UID numbers.
'Sebi has to make sure that investor interests are protected and at the same time, there isn't over-regulation so that companies don't get discouraged to list here.'
Implementing the Food Ordinance is the bigger challenge and there are many provisions of the National Food Security Bill which need to be expanded and strengthened.
India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.
