India's consumer price index (CPI)-based inflation could ease in the coming months thanks to the arrival of kharif crops, lower international commodity prices, and a pass through of lower input costs to consumers, the finance ministry said in its Monthly Economic Review (MER) for October, which was released on Thursday. The MER, however, warned that the global macroeconomic situation remained precarious and a recession in many advanced economies would impact India's exports. "Easing international commodity prices and new Kharif arrival are set to dampen inflationary pressures in the coming months.
'For our traditional membership base, it would be an access to disruptive ideas,' FICCI President Subhrakant Panda tells Asit Mishra/Business Standard.
Amid concerns over dangerous side-effects of the Oxford's COVID-19 vaccine, India is evaluating all serious adverse events post-vaccination to determine the causality aspects of Covishield and Covaxin, an expert associated with the process said on Saturday.
'Had it not been for the complicity of the state and Biren Singh's leadership, these riots would not have spread this far and for so long.'
Nikam said the committee had wrongly given its findings about sufficiency of evidence before the commencement of the trial, which he argued, was illegal and beyond its scope.
Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by at least 35 basis points to check high retail inflation, experts said. The central bank has already announced to gradually withdraw its accommodative monetary policy stance. The Reserve Bank of India's rate-setting panel -- the Monetary Policy Committee -- will meet for three days from August 3 to deliberate on the prevailing economic situation and announce its bi-monthly review on Friday.
New York City mayor Eric Adams and New York City department of health and mental hygiene commissioner Ashwin Vasan on Saturday declared a public health emergency due to the monkeypox outbreak.
India's services sector activities improved further and expanded at strongest rate in over 11 years in May, supported by a substantial pick-up in new business growth, even as input cost inflation climbed to a record high, a monthly survey said on Friday. The seasonally adjusted S&P Global India Services PMI Business Activity Index jumped to 58.9 in May, up from 57.9 in April, amid better underlying demand and strong inflows of new work. For the tenth straight month, the services sector witnessed an expansion in output.
India's manufacturing sector growth steadied in May, with new orders and production increasing at similar rates to those registered in the previous month, while demand showed signs of resilience and improved further in spite of another uptick in selling prices, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) stood at 54.6 in May, little changed from 54.7 in April, pointing to a sustained recovery across the sector. The May PMI data pointed to an improvement in overall operating conditions for the eleventh straight month.
In response to a question about whether US citizens should be concerned about a nuclear war breaking out, Biden said "no."
Sidhu was in Patiala to take part in a protest against inflation when the Supreme Court verdict came in.
The Subject Expert Committee on COVID-19 examined the data and deliberated on the EUA application on Monday.
The Congress on Thursday objected to Rajya Sabha Chairman Jagdeep Dhankhar deleting some portions of Leader of the Opposition Mallikarjun Kharge's speech from official records, saying he used no unparliamentary words and some of the expressions he employed were earlier used even by former prime minister Atal Bihari Vajpayee.
This comes in the wake of the killing of three Chinese nationals and a Pakistani van driver who lost their lives in a car explosion inside the premises of the Karachi University of Pakistan on April 26.
Depression can be classified as a serious illness, especially in the context of the Covid-19 pandemic, the Gujarat high court has observed, while setting aside the cancellation of registration and admission of an engineering student by a government college for not appearing for requisite exams due to depression and suicidal thoughts.
The government on Friday gave its analysis of the Supreme Court's 2G judgments saying it "travelled beyond" the established limits of judicial review and entered the exclusive domain of the executive when it held that the policy of first-come-first-served was flawed.
The World Anti-Doping Agency banned Russia from the world's top sporting events for four years, a period that includes the next summer and winter Olympics and the 2022 World Cup in Qatar, for tampering with doping-related laboratory data. The sanctions against Russia, the host of last year's soccer World Cup, also bar it from hosting major sporting events for a four-year period or applying to host new events in that period.
The Securities and Exchange Board of India is all set to begin the proposed peer audit review of the companies that form the Sensex and Nifty benchmark indices.
India was the sole abstention while all other 14 members of the Council voted in favour of the resolution that decided that processing or payment of funds, other financial assets, economic resources, and provision of goods and services necessary to ensure the timely delivery of humanitarian assistance are permitted and are not a violation of the asset freezes imposed by the Council or its Sanctions Committee.
State industries minister Uday Samant alleged the previous Maha Vikas Aghadi dispensation was responsible for the loss as it sat on the project offer for seven months whereas the new government approved incentives worth Rs 38,831 crore in July.
The former India captain said the media should stop feasting on off-field issues and allow cricket to have its say.
Test cricket and T20 can comfortably co-exist despite the mushrooming of franchise-based leagues, said former England captain Andrew Strauss.
Nitin Menon is among 10 officials grouped in the newly introduced A+ category of BCCI umpires.
Soumya Swaminathan called on governments to boost exercises on reporting actual numbers.
A special TADA court rejected the plea on the grounds that it would hardly serve any public interest or advance course of justice.
Amid the debate over the release of Bilkis Bano case convicts, the Madhya Pradesh government's proposed new policy provides for a life sentence till death for those held guilty for offences like gangrape and terrorist acts.
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates. The rate paid for gas produced from old fields, which make up for about two-thirds of all gas produced in the country, was hiked to $8.57 per million British thermal units from the current $6.1, according to an order from the oil ministry's Petroleum Planning and Analysis Cell (PPAC). Simultaneously, the price of gas from difficult and newer fields like the ones in Reliance Industries Ltd and its partner bp plc operated deepsea D6 block in KG basin, was hiked to $12.6 per mmBtu from $9.92, the order said.
In a significant decision aimed at benefiting a large number of students, the human resource development ministry on Thursday decided to drastically reduce the fees for the post-graduate programmes
The strategic 900-km-long Chardham project worth Rs 12,000 crore aims to provide all-weather connectivity to four holy towns -- Yamunotri, Gangotri, Kedarnath, and Badrinath -- in Uttarakhand.
Speaking to reporters after visiting the flood-hit Bhadrachalam town in Bhadradri-Kothagudem district, Rao announced allocation of Rs 1,000 crore as a rehabilitation package for the temple town to build colonies in highlands for a permanent solution from flood threat.
The Swadeshi Jagran Manch (SJM) on Friday opposed a regulatory body's recommendation for environmental release of genetically modified mustard, calling it "dangerous" and urged the Centre to ensure that the crop's seed is not allowed to be planted "now or ever". In a letter to Union Environment Minister Bhupender Yadav, the RSS-affiliated organisation accused the Genetic Engineering Appraisal Committee (GEAC) of functioning in an "irresponsible fashion" and said the claims made in support of genetically modified (GM) mustard were "completely untrue, unsubstantiated and wrongly projected". "Swadeshi Jagran Manch has all along been opposing this dangerous and unneeded GM mustard being brought in through the backdoor as a public sector genetically modified organism (GMO)," organisation co-convenor Ashwani Mahajan said in the letter.
The approval by the Drugs Controller General of India comes following recommendations by the Subject Expert Committee on COVID-19 of the Central Drugs Standard Control Organisation.
Uttarakhand minister Satpal Maharaj said an inquiry will be conducted to find out how multi-storey buildings were allowed to be constructed in Joshimath which has been sinking for at least 20 years.
FAA had downgraded India's safety ranking from category-II from -I after an audit revealed deficiencies in regulatory oversight.
Leading economists have pencilled in a high 13-15.7 per cent uptick in the economy in the first quarter of 2022-23 with an upward bias. Soumya Kanti Ghosh, the group chief economic adviser at State Bank of India, on Tuesday said he expects the GDP to clip past 15.7 per cent in the first quarter with more chances of the final numbers printing in higher, while Aditi Nayar, the chief economist at the rating agency Icra, said the economy will grow much lower at 13 per cent in the June quarter. The national statistical office will announce the first quarter GDP numbers later next week.
More than 16,000 cases have now been reported from 75 countries and there had been five deaths so far as a result of the outbreak.
The committee has decided that access to 4G internet in J-K will be given in a calibrated manner and outcome of the trial will be reviewed after two months.
The announcement came after the protesting farmers received a letter from the central government, with promises of forming a committee on minimum support price (MSP) and withdrawing cases against them immediately.
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