'Challenge is basically near-term growth as the outlook has turned a bit adverse.'
The Reserve Bank of India on Wednesday decided to keep the policy rate unchanged for the tenth time in a row but changed its stance to 'neutral' that may lead to a cut in the forthcoming policies. RBI maintained status quo despite the US Federal Reserve lowering the benchmark rates by 50 basis points last month.
In the Congress's Central Election Committee (CEC) held to discuss ticket allocation for the forthcoming Haryana assembly elections, Congress leader Rahul Gandhi discussed about the possibilities of contesting elections as INDIA bloc, said sources.
The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.
They host objectionable content that led to northeast violence.
In the first Chennai Test against Bangladesh, Pant scored a magnificent century and returned to Test side with a bang.
The International Cricket Council (ICC) on Monday formed a three-member committee to "review the delivery" of the T20 World Cup which was co-hosted by the USA and the West Indies last month.
The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.
The city's 24-hour Air Quality Index, recorded at 4 pm every day, stood at 418, up from 334 the previous day, and it may trigger stringent restrictions under the third stage of the graded response action plan to mitigate hazardous conditions.
'A possible post-election growth momentum may be lost.'
Benchmark equity indices Sensex and Nifty pared early gains to settle lower on Wednesday due to late selling in index major Reliance Industries, ITC and HDFC Bank even as the RBI took the first step towards a rate cut in its monetary policy review. Erasing its early gains, the 30-share BSE Sensex fell 167.71 points or 0.21 per cent to close at 81,467.1. During the day, it surged 684.4 points or 0.83 per cent to hit an intra-day high of 82,319.21.
New Zealand's women's team said their training session on Monday had been disrupted by a drone flown by a staff member of their opening Group A opponents Canada.
'The visit of the honourable PM with the workable strategy towards conflict resolution will help greatly.' 'But visiting the state without concrete proposals may not bring the desired outcome at this stage.'
Wholesale inflation fell to a 3-month low of 2.04 per cent in July on decline in prices of food items especially vegetables, government data released on Wednesday showed. The decline in wholesale price index (WPI) based inflation in July came after it rose for four months in a row till June, when it was 3.36 per cent. It was (-) 1.23 per cent in July last year. In April wholesale inflation stood at 1.19 per cent.
In 2019, an all-party meeting was held in Delhi and it was attended by 19 political parties to discuss critical reforms in governance. One of the subjects of the discussions was simultaneous elections
Night patrolling on hospital premises and regulating access for people to key areas are among the measures the Centre has asked states to implement to ensure the safety of medics at workplaces, following Supreme Court orders in the rape-murder case of a junior doctor in Kolkata.
Sunil Gavaskar said if India captain Rohit Sharma misses the first Test against Australia, then Jasprit Bumrah should lead the side for the entire five-match series.
Gautam Gambhir put up a stout defence of under-pressure skipper Rohit Sharma and star batter Virat Kohli.
In a major development for Indian football and judiciary, world governing body FIFA has turned to Justice Mukul Mudgal, who has been appointed as deputy chairman of its governance committee.
The National Pension System is applicable for government employees joining the service after April 1, 2004. It was based on the premise of contribution rather than defined benefit applicable for employees prior to the NPS.
With the Air India management mulling sacking 300 more pilots who have been on strike for the past 34 days, the troubled national carrier has set up a committee to review its global operations to find out how many pilots are required to operate flights.
A high-level government review committee has given its stamp of approval on a decision to block 306 accounts being used on micro-blogging site Twitter in the wake of communal violence in Assam's Kokrajhar district and large scale migration of people from the South.
Even as the high inflation figure for October has ruled out any possibility of a rate cut by the Reserve Bank of India's (RBI's) monetary policy committee (MPC) in December, a rate cut in February also looks uncertain due to global uncertainties. Economists told Business Standard that unless domestic growth slows markedly, the outlook on rate cut remains unclear. India's headline inflation touched a 14-month high of 6.2 per cent in October, breaching the MPC's upper tolerance band of 6 per cent.
'We want to play the value game for our consumers, which is health and retail will grow faster for us than the group.'
With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to "neutral" from "withdrawal of accommodation", according to economists. In his speech on Thursday during the annual event of the Federation of Indian Chambers of Commerce and Industry-Indian Banks' Association, RBI Governor Shaktikanta Das said: "The balance between inflation and growth is well-poised."
The top court said since the remit of the panel has been expanded, the committee would submit its report by September 30 on various measures to rectify deficiencies in the examination system.
The Reserve Bank is unlikely to ease the benchmark policy rate during 2024 given the uncertainty over food inflation, State Bank of India (SBI) chairman C S Setty has said. The US Federal Reserve's first cut in interest rates in more than four years is expected soon, triggering central banks in other economies to follow suit. "On the rate front, a lot of central banks are taking independent calls.
He will succeed incumbent Rajiv Gauba, who completes his unprecedented five-year term in the top bureaucratic post this month-end.
Out of 3,871 recovery certificates issued by the regulator in various cases, 807 have been certified as difficult to recover.
The alleged use of the Pegasus software to spy on journalists, human rights defenders, politicians and others in a number of countries including India triggered concerns over issues relating to privacy.
Rajya Sabha chairman Jagdeep Dhankhar on Tuesday nominated former home minister and Congress member P Chidambaram to the department-related parliamentary standing committee on home affairs.
The Monetary Policy Committee (MPC) is expected to maintain the status quo on policy rates for the fourth consecutive time in its October 4-6 review meeting. The incremental information available since its last meeting in August suggests that growth and inflation prints for the second quarter (Q2) of financial year 2023-24 (FY24) will exceed the committee's projections. However, the Consumer Price Index (CPI)-based inflation is expected to moderate in the second half (H2) of FY24.
Ramiz Raja part of ICC working group formed to review cricket in Afghanistan
The Congress on Friday hit out at the Election Commission after it rejected allegations over irregularities in the Haryana assembly polls, saying if the poll panel's goal is to 'strip itself of the last vestiges of neutrality', then it is doing a 'remarkable job' at creating that impression.
"We should not have a repeat of what happened in Mumbai. That there was a terror attack and there was no response," Jaishankar told reporters in Mumbai.
Ten Union ministers will be the permanent invitees to the Inter-State Council, according to an official notification.
The interchange fee -- paid by the card-issuing bank when a customer swipes at another bank's ATM, including at white-label ATMs -- may be raised to Rs 20 to Rs 23.
The central government's Great Nicobar development project, proposed around an unprecedented transhipment port, will be executed to keep environmental impact minimal, and is essential as it is of national importance, the government has said amid calls to abort the controversial project due to ecological concerns, the Centre said in an official statement.
The government will look to standardise rules around operations protocol during failure of automatic signalling.
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