The transfer of powers to the Centre has been necessitated after the ownership of the SBI was transfered from the RBI to the government.
The government has introduced the Code on Wages Bill 2019 and the Occupational Safety, Health and Working Conditions Code Bill 2019 in Lok Sabha on July 23.
Even as the deadlock between the Gujjars and the government over the quota issue persisted for the 13th day on Saturday, Rajasthan Chief Minister Ashok Gehlot ruled their demand for five per cent reservation in state government jobs, saying the government will work according to the guidelines of the Rajasthan high court.
Terming the Congress-led United Progressive Alliance government as 'anti-Dalit', the Bahujan Samaj Party on Friday demanded that a special session of Parliament should be called in August to clear the Bill for reservation in promotions for Scheduled Caste/ Scheduled Tribe employees.
The bill seeks to provide Indian citizenship to non-Muslims from Bangladesh, Pakistan and Afghanistan.
The banking system's liquidity slipped into deficit for the first time in the current financial year (2023-24) due to the imposition of the Incremental Cash Reserve Ratio (I-CRR) for banks and outflows from goods and services tax (GST) payments, according to dealers. Reserve Bank of India (RBI) data shows it injected Rs 23,644 crore on August 21. The last time liquidity was in deficit was on March 27, when the RBI injected Rs 45,575 crore.
The ruling Congress is seeking to retain power in Chhattisgarh by banking on the welfare schemes of the Bhupesh Baghel government, while the Bharatiya Janata Party is hoping to corner it on the issues of alleged corruption, religious conversions and unfulfilled poll promises.
The Samajwadi Party and the Rashtriya Janata Dal disrupted Question Hour in Rajya Sabha on Monday over implementation of Ranganath Misra Commission report on minority welfare, leading to adjournment of the House till noon.
Congress president Sonia Gandhi appears to be playing for larger -- and long term -- stakes and the move to provide reservation to women is not bereft of political calculations, writes Neerja Chowdhury
The Bharatiya Janata Party and Congress members of Legislative Assembly on Friday disrupted proceedings in the Delhi assembly demanding tabling of the Lt Governor's communication to the Speaker against the introduction of Jan Lokpal Bill in the House without Centre's clearance.
Lauding the contribution made by the retiring members, the prime minister hoped they will continue to serve people with the same zeal and determination.
Several opposition MPs on Wednesday demanded an explanation from Home Minister Amit Shah after two visitors jumped into the Lok Sabha chamber from the visitors' gallery and opened canisters that emitted coloured smoke, triggering panic among the members.
'Neither did I approach the BJP nor did they ask me to join them. It was a natural choice for both of us to make.' 'It was never for me to ask or for them to give.'
The government is learnt to have deleted the term 'minorities' from the Lokpal Bill with regard to the provision of having 50 per cent quota in the Lokpal bench and the Search Committee.
A more vigilant Opposition and a more aware civil society including the media could have certainly helped keep a check on an unhealthy trend, says A K Bhattacharya.
The inflation target of the RBI would be reviewed once every five years.
The SBI (Subsidiary Banks Laws) Amendment Bill 2009, introduced by minister of state for finance P K Bansal, was necessitated as these powers were vested with the Reserve Bank of India from whom the ownership of these banks were transferred to the Centre few years ago. Once passed, the bill would empower the Centre to increase or reduce the authorised capital of a subsidiary bank.
'Right to apprenticeship means that anyone below the age of 25 years with a diploma or other qualifications can demand an apprenticeship with a private, a public sector company or a government organisation. And when he/she demands this, it is the obligation of the government to provide it.'
The government expressed confidence over passage of Women's Reservation Bill in Parliament on Monday, saying though it did not want to "bulldoze" those opposing it, but they should understand that equality was a fundamental right.
Raising the pitch against the quota bill, thousands of Uttar Pradesh government employees on Monday marched down the streets of Lucknow, expressing their ire against Bahujan Samaj Party President Mayawati and Congress chief Sonia Gandhi. The agitators blamed them for pushing the constitutional amendment bill in the Parliament for introducing reservation in promotions in all government jobs.
For the banking system a new cycle starts in FY2024. It's fraught with fresh challenges on asset quality and profitability, warns Tamal Bandyopadhyay.
With the issue of safety and security of women taking precedence on International Women's Day, the demand for early passage of the women's reservation bill appeared to have taken a backseat in Lok Sabha.
After threatening to consume poison if the Women's Reservation Bill is passed by the Parliament in its current form, Janata Dal - United chief Sharad Yadav on Saturday demanded separate quota for those belonging to the backward castes. "I am not asking for a reservation of 33 per cent (for women), it could be even 50 per cent. But ground realities should not be overlooked. Weaker sections among women face more difficulty," he said.
At a time when crude oil and natural gas prices are sky-high, public sector behemoth ONGC's haphazard planning and mismanagement in developing showpiece deep-sea KG-D5 block is costing the nation over Rs 18,000 crores due to the delayed output of oil and gas, government officials said. ONGC was originally to start gas production from the Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June 2019 and the first oil was to flow in March 2020. But these targets were quietly shifted to end-2021 because of deferments in awarding the fragmented work packages of the project, two officials with direct knowledge of the matter said on condition of anonymity.
United States President Barack Obama has signed into law the annual defence policy bill, authorising $633 billion (Rs 34,40,355 crore) in defence spending for 2013.
The Delhi Cabinet on Monday cleared the draft of the much talked-about Jan Lokpal bill which provides for covering all public servants -- from chief minister to Group D employees -- and seeks life term as maximum punishment for those found guilty of corruption.
If she cannot recast the party, bring together the factions opposed to her, and present herself as her brother's true challenger, there will be little left for her in politics, notes Aditi Phadnis.
'BJP has lot of money. Even a rich person like me is scared of taking on the financial muscle of the BJP.' 'What is the point of throwing money? Result toh aane wala nahi hai.'
While the Left parties favour the move recommended by the Delimitation Commission, questions have been raised by some others.
A Bill seeking to give more operational flexibility to the Reserve Bank of India in the conduct of monetary policy was passed in Lok Sabha on Friday.
Government introduced two Bills in Lok Sabha on Friday -- one seeking to phase out central sales tax in four stages and eventually abolish it in three years and another to give more operational flexibility to the Reserve Bank of India.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
The contribution from asset management companies (AMCs) has surpassed the Rs 3,000 crore target for the creation of a Rs 33,000 crore backstop facility for debt mutual funds (MFs). The initial corpus for the Corporate Debt Market Development Fund (CDMDF) is nearly Rs 3,100 crore, according to multiple government officials and AMC executives. "The fund is operational now. "The required corpus has been raised by AMCs and the remaining part (Rs 30,000 crore) is in the form of a guarantee from the government which will be activated only in case of a credit event," explained D P Singh, joint CEO and deputy MD, SBI MF.
Parliamentary Affairs Minister Priyaranjan Dasmunsi gave this information to reporters on Thursday.
Parliamentary Affair Minister Pawan Kumar Bansal said he wanted the BJP not to disrupt the proceedings today so that the bill can be taken up. "We have already lost three weeks due to disruptions. I would request them to let Parliament function for last two days so that important issues could be taken up," he said
Few proposals included in the Finance Bill would not help ease liquidity concerns in the economy, say RBI officials.
Senior politicians and legal experts apprehended its misuse.
Although the credit for acquiring the technological skill must be given to India's outstanding nuclear scientists, the decision to go nuclear was a political one that entailed clarity of vision, courage and resolve, points out Rup Narayan Das.
This has been a bone of contention between the UPA's allies.
