The Congress-led UDF has swept back to power in Kerala, sparking celebrations and discussions about forming the new government. Senior leaders are vying for the Chief Minister's post, while the defeated CPI(M)-led LDF grapples with the reasons for their loss after 10 years in power.
The Kerala government will review the implementation of the Centre's PM SHRI scheme in the state following controversies and concerns. A cabinet sub-committee has been formed to study the scheme, and further proceedings are on hold pending the committee's report.
The Catholic Congress has raised concerns about the Malayalam movie 'Haal,' alleging objectionable content and potential religious disharmony. The matter is now before the Kerala High Court.
The Catholic Congress has raised concerns in the Kerala High Court about the Malayalam movie 'Haal', alleging objectionable content that could cause religious disharmony. The court is set to decide on the producer's request to view the film.
With 7 per cent economic growth, India is not creating enough jobs as reflected by the number of applicants for vacant posts in some states, Reserve Bank's former governor Raghuram Rajan said and suggested the government needs to focus on promoting labour-intensive industries to generate employment. Rajan further said some Indians, especially those at upper level, are comfortable and have high incomes, but consumption growth from the lower half of the country has still not recovered to pre-pandemic level.
'Marathwada is the suicide capital of Maharashtra.' 'To stop such man-made disasters, the government should immediately come up with a rightful package, not this charitable approach to compensation.'
The recent notification by the Insolvency and Bankruptcy Board of India (IBBI) allowing part-resolution of stressed assets of companies under the insolvency process has sent many resolution professionals (RPs) and committees of creditors (CoCs) back to the drawing board to reassess their strategies for resolving corporate insolvencies.
Rajan Committee has evoked divergent reactions from the states.
'Let's see how this love story shapes up in the run up to the municipal corporation election.'
'There will be no change of seats for Delhi, Assam and Maharashtra.' 'Andhra, J&K, Kerala, Punjab, Karnataka, Tamil Nadu, Odisha, West Bengal and Telangana will lose seats while there will be an increase for MP, UP, Bihar, Haryana, Gujarat and Chhattisgarh.' 'It is a big mistake if you make it a north-south issue.'
India is gearing up to introduce a six-member monetary policy committee that would vote on interest rates.
While the rest of India marches towards the promised destiny of 'progress', Bihar - the heart of India- is doomed to poverty and the injustices of a caste-based society.
There were reports that some Commission officials were against the Rajan panel's suggestion to replace Gadgil- Mukherjee formula with Rajan Committee's Multi Dimensial Index for allocation funds to states.
The Securities and Exchange Board of India (Sebi) has introduced stricter Key Performance Indicator (KPI) disclosures for initial public offers (IPOs). These new standards, developed in collaboration with industry associations, aim to enhance transparency and provide investors with a clearer understanding of a company's valuation and business performance.
The Indian government has established two expert committees aimed at elevating the country's sports performance.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
Former RBI governor Raghuram Rajan has asked why SEBI has not yet got to the bottom of ownership of the four Mauritius-based funds who are said to have parked 90 per cent of their $6.9 billion in Adani group stocks, saying does the market regulator need help of investigating agencies for this? The funds -- Elara India Opportunities Fund, Cresta Fund, Albula Investment Fund and APMS Investment Fund -- have been under cloud for last couple of years after allegations that they may be shell companies. They came into focus once again in January when a US short seller alleged that Adani Group used offshore shell companies to inflate stock price.
Over 150 people were injured, including eight seriously, in a fireworks accident during a temple festival near Neeleswaram in Kasaragod late Monday, police said.
Shaktikanta Das will demit the office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. Revenue Secretary Sanjay Malhotra will replace him as the 26th Governor. He was appointed as the Governor on December 12, 2018, after the abrupt exit of Urjit Patel.
RBI Governor Raghuram Rajan on Friday defended his development index for measuring backwardness of states, saying the aim is to "encourage development" and "everything over and above that is a political spin."
Jaitley slams Rajan for MSME banking crisis statement, says postmortem is easier than action
Perhaps because the Modi government had some differences of opinion with two of the economist governors (one of whom was appointed by the Manmohan Singh government), there is a view that its political leadership prefers a civil servant to head the RBI, notes A K Bhattacharya.
India needs foreign exchange buffer reserves to insulate itself from exchange rate volatility as we have "no friends" for swap lines and Japan was the only country that helped during the taper tantrum in 2013, former RBI Governor Raghuram Rajan said on Tuesday. Participating in a virtual event organised by economic think tank NCAER, Rajan said during the taper tantrum in 2013, India asked for swap lines, and only country who helped was Japan. "We need this (foreign exchange) reserve buffer to insulate ourselves because we have no friends.
Welcoming Raghuram Rajan panel report which has put Bihar among the least developed states, Chief Minister Nitish Kumar on Thursday described it as a 'victory' for the state but was non-committal on alliance with the Congress for the forthcoming Lok Sabha elections.
Land, houses and other infrastructure facilities required for the rehabilitation procedure would be constructed at the earliest, the authorities said.
The Tamil Nadu assembly on Friday once again passed a unanimous resolution urging the Centre to exempt the state from National Eligibility-cum-Entrance Test and allow it to admit students to medical courses based on Plus Two exam marks.
Local residents have stressed that land acquisition for rehabilitation must be completed promptly, as it has been delayed after estate owners challenged it in the Kerala high court.
In the first Chennai Test against Bangladesh, Pant scored a magnificent century and returned to Test side with a bang.
Gandhiji asked me if I had sufficient warm clothes in view of the coming cold season. I said yes. But he verified my statement by asking Miraben to search my bag to make sure. Such was Gandhiji.
The chief minister underscored the back-to-back suicide deaths of a son and his father on August 12 and 13 respectively due to the stress of NEET.
Of the seven members, four are proposed to be government nominees and the rest from RBI.
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
Rajan said that even though inflation has breached the 6 per cent mark as against the RBI target of getting it down to 5 per cent by March 2017, the price rise scenario will ebb in future
Raghuram Rajan joked he wasn't expecting to win any votes or Facebook 'likes' in the position.
The Raghuram Rajan committee report for evolving a composite development index of states, submitted to the finance ministry today, has a note of dissent from member Shaibal Gupta.
Mr Swamy has written letters to the Prime Minister's Office asking for Mr Rajan's services to be terminated.
The Badlapur school, where two young girls were allegedly sexually abused, preferred to cover up the crime instead of helping their parents file a police complaint, said Susieben Shah, chairperson of Maharashtra State Commission for Protection of Child Rights, on Wednesday.
Raghuram Rajan, whose current three-year tenure ends on September 4, has already said no to a second term.
Rajan said the process of dialogue with the government did not reach a stage where he could have agreed to stay on
While Raghuram Rajan's departure under these circumstances is a pity, it would be wrong to conclude that the RBI or the economy cannot do without him.
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