High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin.
The monsoon session of Parliament which saw many disruptions since it began on July 20 over the Manipur violence issue, is set to become more turbulent with the government likely to introduce a bill in the Lok Sabha to replace the Delhi services ordinance.
Six bills, including the one to amend the Jammu and Kashmir Reorganisation Act, were introduced in the Lok Sabha on Wednesday amid protests by opposition members over the violence in Manipur.
Directors Kiran Rao, Nandita Das and Javed Akhtar tell us why they favour the women reservation Bill
Home Minister Amit Shah on Wednesday appealed to the opposition for the unanimous passage of the women's reservation bill and said shortcomings, if any, can be rectified at a later date.
The government on Thursday listed bills on personal data protection, to amend forest conservation laws and on the contentious ordinance on Delhi services for the monsoon session of Parliament beginning next week.
Voting in the Rajya Sabha on the Women's Reservation Bill was deferred by a day on Monday.
Asaduddin Owaisi, who was once the leader of a little-known outfit confined to the old city of Hyderabad, has emerged as a powerful voice of Muslims in the country in recent years.
The Bharatiya Janata Party on Tuesday expressed its keenness in getting the Women's Reservation Bill passed in Lok Sabha after a consensus is evolved on the issue and not by use of marshals as was done in the Rajya Sabha last year.
Shivashankarappa made the controversial remark while addressing Congress party workers at Bunts Bhavan in the district recently.
Samajwadi Party supremo Mulayam Singh Yadav kicked up a row with his remark that rural women will not benefit from the Women Reservation Bill because they are not as attractive as those from the affluent class.
"We support the Women's Reservation Bill and we are working to build a consensus among all political parties for the purpose," Home Minister Shivraj Patil said in New Delhi.
Non-banking entities such as fintech firms will have to tap into use cases beyond peer-to-peer (P2P) and peer-to-merchant (P2M) transactions to scale up the presence of the retail version of the central bank digital currency (CBDC), which is also known as the e, said industry players. These use cases will enable programmable transactions across domains, including the government's direct benefit transfer (DBT) schemes, with subsidies restricted to specific purposes such as food coupons, hospital bills, fertilisers, pesticides, and cross-border remittances.
'Upper castes who complain against reservations are fighting only for their own castes.'
Lok Sabha on Friday passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal. The Finance Bill that gives effect to tax proposals for fiscal year starting April 1 was passed without a discussion amidst ruckus by opposition members demanding a JPC (Joint Parliamentary Committee) probe into the allegations against the Adani group of companies. While moving the bill for passage and consideration, finance minister Nirmala Sitharaman also announced the setting up of a committee under finance secretary to look into pension issues of government employees.
Once the Bill is passed in the assembly and notified, the Marathas will be entitled to reservation in the government jobs and in admission in government institutions.
Expressing reservations on some clauses in the two bills introduced in the Lok Sabha relating to a federal agency and Unlawful Activities (Prevention) Amendment, the Communist Party of India-Marxist on Wednesday demanded the proposed legislations be referred to the Standing Committee of Parliament.
Bihar Chief Minister Nitish Kumar on Wednesday admitted that sharp differences prevailed in the Janata Dal - United over the Women's Reservation Bill, but ruled out reports of a crisis brewing within the party."I admit there have been honest differences of opinion in the party over the support to the women's reservation bill in the Lok Sabha, but it should not be taken as a crisis or split facing the party," said Kumar.
In a significant development, the Supreme Court on Friday agreed to consider the separate pleas of opposition-ruled Kerala and West Bengal, alleging the denial of assent to bills passed by the respective legislative assemblies.
In a bid to divide the Opposition as well as push through its agenda in a deadlocked parliament, the government may consider introducing the Women's Reservation Bill in the Lok Sabha before the winter session ends on December 13.
The 14-year-old journey of the Women's Reservation Bill was marked by high drama and roadblocks in each of its outings in Parliament, before the historic measure finally cleared its first legislative hurdle on Tuesday. The battle for greater representation to women in Lok Sabha and state assemblies was routinely punctuated by frayed tempers and war of words, which sometimes got physical, as different governments since 1996 tried to get the bill passed.
he Punjab government had also sought a judicial declaration that the assembly session held on June 19 and 20 was "legal and that the business transacted by the House is valid".
Bihar Chief Minister and JD(U) leader Nitish Kumar on Saturday admitted that there is variance in opinion between him and party chief Sharad Yadav on Women's Reservation Bill and called it a "difference of approach".
Opposition MPs in the parliamentary committee scrutinising the Waqf (Amendment) Bill are scheduled to meet Lok Sabha Speaker Om Birla on Tuesday to protest its chairperson Jagdambika Pal's alleged 'unilateral' decisions and attempts to 'bulldoze' proceedings, indicating that they may disassociate themselves from the panel.
A bill to allow the private sector to mine six atomic minerals, including lithium, and deep-seated minerals like gold and silver was approved by the Lok Sabha on Friday.
Microsoft co-founder Bill Gates on Tuesday met Reserve Bank of India Governor Shaktikanta Das and discussed various issues including financial inclusion, payment systems, microfinance and digital lending among others. "Mr.@BillGates visited RBI Mumbai today and held wide ranging discussions with Governor @DasShaktikanta #RBI #rbitoday #rbigovernor #shaktikantadas #BillGates," RBI said in a tweet. Gates Foundation pursues a lot of activity in India including promotion of financial inclusion, health sector and climate change.
A meeting of the floor leaders of all political parties has been convened on September 17, a day before the start of a five-day Parliament session, Parliamentary Affairs Minister Pralhad Joshi said on Wednesday.
Giving a new twist to his campaign against the Women's Reservation Bill, Samajwadi Party chief Mulayam Singh Yadav on Friday said the SP wanted only 20 per cent quota and that too not for seats but for political parties to give tickets for the fair sex.
The move, a first in the country after the Supreme Court order, is intended to consolidate the BJP's Dalit outreach in Haryana.
Some political parties are not willing to accept the constitutional amendment bill seeking 33 per cent reservation for women in the Lok Sabha and state assemblies in its present form.
'Reena stayed in the next building. We fell in love but had to meet secretly because her parents didn't approve of me.' 'I would always be afraid that her parents would get her married off to somebody else.'
While the capital spending is being maintained at 3.1 per cent of the GDP, a little more would have boosted economic growth even further, suggests Rajiv Memani.
'...how do they consume and contribute to the GDP?'
Looking at the history of women representation in Lok Sabha, the percentage remained about 5 till the 1970s and it was only in 2009 that it could reach a double-digit figure.
Chavan said the Mahayuti and BJP's policy was Viksit Bharat and Viksit Maharashtra, as spelt out by Prime Minister Narendra Modi.
Fintech firm BharatPe is targeting an initial public offering (IPO) in the next 18-24 months with the company expecting profitability at an earnings before interest, taxes, depreciation and ammotisation (Ebitda) level for FY25, chief executive officer (CEO) Nalin Negi said.
The Samajwadi Party today opposed the proposed Women's Reservation Bill, terming it as a "conspiracy" against the leaders who have reached the Lok Sabha through "hard struggles" and warned of people's movement if the UPA pushes the legislation.
Maratha activist Manoj Jarange on Tuesday launched a fresh indefinite fast, his sixth in a span of over a year, to press for the demand for reservation to his community under the OBC category.
While the Rajya Sabha had exactly six years ago passed the Women's Reservation Bill, the legislation has since been pending in Lok Sabha.
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