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The members of the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) voiced different views on the interest rate and stance, with two of them indicating they may not vote for further rate increases even if Governor Shaktikanta Das and Deputy Governor Michael Patra maintain bringing down inflation as their primary objective, the minutes of the December review of the monetary policy showed. The other two members remained neutral. The MPC increased the policy repo rate by 35 basis points (bps) - which was lower than the previous three hikes of 50 bps. The repo rate has been hiked by 225 bps to 6.25 per cent since May this year.
This comes after the Legislature Party meeting had passed a resolution calling for actions against those who spoke to Sasikala, close-aide of late chief minister J Jayalalithaa.
The incursions, according to Taiwan, were made by aircraft, including 12 J-11, 6 J-10, 18 J-16, six SU-30, CH-4, WZ-7, Y-8 EW, Y-8 ESW and KJ-500.
China has blocked India's move in the UN demanding action against Pakistan over the release of Mumbai attack mastermind and LeT commander Zaki-ur-Rehman Lakhvi in violation of a resolution of the world body as it contended that India provided insufficient information.
Battling the political crisis faced by the party-led Maharashtra Vikas Aghadi (MVA) government in Maharashtra, the Shiv Sena faction led by Chief Minister Uddhav Thackeray has filed a petition before the Deputy Speaker of the state assembly seeking the cancellation of membership of 12 rebel MLAs including Eknath Shinde for 'not attending' legislative party meeting held on Wednesday.
The Central Vigilance Commission has introduced key amendments in its complaint handling mechanism such as making it mandatory for people to provide mobile numbers while raising corruption-related plaints.
The Reserve Bank on Tuesday directed digital lending entities to disclose upfront the names of of their empanelled agents authorised to contact borrowers in case of default of loan, and also intimate the details to customers before initiating the recovery process. In August last year, the RBI had tightened norms for digital lending to prevent charging of exorbitant interest rates by certain entities and also check unethical loan recovery practices. Under the new norms, all loan disbursals and repayments are required to be executed only between the bank accounts of borrower and the regulated entities (like banks and NBFCs) without any pass-through/ pool account of the Lending Service Providers (LSPs).
He was a decorated officer as he won combat competitions and participated in all-India police commando duty meets.
India abstained from a procedural vote taken in the United Nations Security Council to call for a rare special emergency session of the UN General Assembly on Russia's aggression against Ukraine, even as New Delhi welcomed Moscow and Kyiv's decision to hold talks at the Belarus border.
A committee of creditors had, in October, approved of the resolution plan submitted by UAE businessman Murari Lal Jalan and Kalrock Capital.
Rajasthan Royals would be banking on their near-perfect combinations in almost all departments of the game to put up another commanding performance when they take on a strong Punjab Kings.
China on Wednesday said it will take "strong and effective" countermeasures against the US and Taiwan for violating the "One-China policy", as the US House of Representatives Speaker Nancy Pelosi successfully completed her visit to Taipei disregarding Beijing's vociferous threats.
'You declare a date, time and place for the landing two months in advance and exactly at that moment, it touched on the moon.'
The Aam Aadmi Party (AAP) claimed that Sisodia would be arrested on Monday and alleged the move was initiated in view of the forthcoming assembly elections in Gujarat where it is in a direct contest with the Bharatiya Janata Party.
It was a replay of the annual general meetings of the cable companies of the M P Birla group last month even as the Birla side raised "illegalities" in the latest poll results.
'The outcome of this trial will not directly impact Ms Richard, but we are hopeful that justice will be served,' says a spokesperson for Safe Horizon, the organisation taking care of Indian diplomat Devyani Khobragade's former domestic help.
India's gymnastics ace Dipa Karmakar on Saturday said she accepted provisional suspension after returning positive for a banned drug to swiftly resolve her case with the international federation.
Prime Minister Modi also made a veiled reference to China, saying the global order is based on the respect for the principles of the UN Charter, peaceful resolution of disputes, and respect for sovereignty and territorial integrity.
Public sector banks have raked in more profits in the three months ended June on the back of a persistent decline in bad loans and the trend may have a positive bearing on their balance sheets in the coming quarters. In the June quarter, Bank of Maharashtra (BoM) and State Bank of India (SBI) were in the lowest quartile as far as Gross Non Performing Assets (NPAs) and net NPAs were concerned, according to an analysis of the quarterly financial numbers published by the public sector lenders. Cumulatively, all the 12 public sector banks reported a profit of about Rs 15,306 crore in the three months ended June, registering an annual growth of 9.2 per cent. However, leading public sector lenders -- SBI and PNB -- posted lower profits in the June quarter.
The CLP also recommended strong disciplinary action against any Congress MLA and office-bearer who 'weakens' the party. The resolution expressed confidence in the leadership of national party president Sonia Gandhi and Rahul Gandhi.
Over 600 bullets and a dozen improvised explosive devices recovered after a gunbattle.
Either this affidavit was prepared a long time back, or, Ambedkar has not been following the Commission's hearings.
The G20's Bali Declaration Wednesday acknowledged differences among members on the Russia-Ukraine war but said it was essential to adhere to international law, including protection of civilians caught in conflicts.
A day after the Uddhav Thackeray faction submitted a plea before Deputy Speaker Narhari Jhirwal to disqualify the rebel MLAs, the Ekanth Shinde faction on Friday gave a notice of no-confidence motion against the deputy speaker.
Sources said the Indian troops resolutely confronted the Chinese PLA soldiers.
Proceedings in both Lok Sabha and Rajya Sabha were disrupted as Opposition members raised slogans demanding a discussion and a Joint Parliamentary Committee (JPC) probe into the fraud-allegation-triggered rout.
The Reserve Bank of India's rate-setting panel will go for a 0.35 per cent hike in the key repo rate at its meeting next week, an American brokerage said on Wednesday. The hike will be accompanied by a change in the policy stance to "calibrated tightening", Bofa Securities said in a report published ahead of the Monetary Policy Committee (MPC) resolution which is set to be announced on August 5. RBI has hiked the rate by a cumulative 0.90 per cent in two tightening moves in May and June, responding to the runaway headline inflation which has consistently overshot the upper end of the target set for the central bank for many months.
Superseding the boards of two non-banking financial companies (NBFCs) in the Srei group will neither create liquidity challenges for sound entities, nor build systemic crises because the markets have factored in the problems with the Kolkata-based firms. Such regulatory steps will help in making the NBFC space more robust, bankers and market experts said. The action should have begun earlier because the Reserve Bank of India (RBI) had done a special audit last financial year and asked the group to make provisions for assets considered stressed, analysts said.
The Kerala High Court on Friday dismissed a plea against administrative reforms being implemented in Lakshadweep.
The majority of CoBRA teams, whose commandos are expected to have tough mental and physical attributes, are deployed in various Maoist violence affected states while a few are based in the northeastern states for undertaking counter-insurgency operations.
Medical seats for under-graduates and post-graduates remaining vacant in the NEET era, together with the Centre 'freezing' the number of medical colleges and seats in (Dravidian) Tamil Nadu and the launch of the PM's 'Vishwakarma Scheme' for the nation's craftsmen, are all seen as a bid to further reverse the state's progressive socio-economic agenda of and its achievements of the past hundred-plus years, argues N Sathiya Moorthy.
Emphasising that various issues are on agenda at the G20 under India's leadership.
Pilot said rules and discipline of the party apply to all, adding that he hoped Congress president Mallikarjun Kharge would take a decision in the matter soon.
Anil Ambani had given a personal guarantee to the loans given by SBI to Reliance Communications and Reliance Infratel in August 2016.
The Congress on Sunday gave a call to party leaders in poll-bound states to work with unity to ensure victory that will 'set the tone' for 2024 Lok Sabha polls even as it showed willingness to forge an alliance of 'like-minded' parties.
'Our brave Indian soldiers don't reply to raining of bricks with mere sticks, they do so with iron rods'
Modric was unable to dictate play as much as he normally would
The UN Human Rights Council in Geneva on Tuesday adopted a resolution against Sri Lanka's rights record, in a setback to Colombo, which made determined efforts to garner international support ahead of the voting.
The Rashtriya Swayamsevak Sangh is likely to discuss and pass a resolution on the recent attacks on Hindus in Bangladesh during its three-day all India executive committee meeting in Dharwad, Karnataka from October 28, an RSS functionary said on Tuesday.
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