News for 'Revising Committee'

Eight core sectors grow by 5.1% in May

Eight core sectors grow by 5.1% in May

Rediff.com1 Jul 2019

According to a commerce and industry ministry statement, the growth rate for these eight key sectors for April 2019 has been revised upward to 6.3 per cent from 2.6 per cent reported earlier mainly due to upward revisions in production of coal, crude oil, steel, cement and electricity.

Why Bihar under-reports Covid death toll

Why Bihar under-reports Covid death toll

Rediff.com12 Jun 2021

Covid deaths at home, on the way to hospital or in private centres are not being counted in Bihar's official list of dead.

Ignoring merit in public job selection violation of Constitution: SC

Ignoring merit in public job selection violation of Constitution: SC

Rediff.com25 Feb 2021

"There is no doubt that selections to public employment should be on the basis of merit. Appointment of persons with lesser merit ignoring those who have secured more marks would be in violation of the Articles 14 and 16 of the Constitution of India," the bench said in last week's judgment.

'Students from the south will be forced to study in Hindi'

'Students from the south will be forced to study in Hindi'

Rediff.com20 Jan 2023

'They have brought out a provision whereby the medium of education in the Hindi speaking states will be Hindi even in higher education institutions like IIT, IIM, etc.' 'Think about the students from the south who get admission in the IITs in Kanpur or Delhi or the IIMs in various places.'

How COVID-19 derailed govt's plan on GDP and CPI

How COVID-19 derailed govt's plan on GDP and CPI

Rediff.com8 Jun 2020

The revision of the consumer price index and GDP base years from 2011-12 and 2012, respectively, were dependent on the outcomes of the consumer expenditure survey of 2017-18 that the government decided to junk recently.

RBI revises rules on reporting of bad loans

RBI revises rules on reporting of bad loans

Rediff.com22 Oct 2014

If a holiday, banks will have to report the details on the next working day.

Monsoon Session: 14 bills ready to be tabled, govt promises discussion

Monsoon Session: 14 bills ready to be tabled, govt promises discussion

Rediff.com17 Jul 2022

After an all-party meeting in New Delhi, Parliamentary Affairs Minister Pralhad Joshi also said that some of these 32 bills have already been discussed by standing committees of Parliament.

Australia topple India as ICC tweaks WTC rules

Australia topple India as ICC tweaks WTC rules

Rediff.com20 Nov 2020

The change in WTC rule, prompted by the disruption caused by the COVID-19 pandemic, allowed Australia (82.22%) to leapfrog India (75) to the top of the standings

NSSO report puts a hole through govt's GDP claims

NSSO report puts a hole through govt's GDP claims

Rediff.com8 May 2019

The technical report of the NSSO has generated controversy following its observation that as much as 36 per cent units forming part of MCA-21 database, used in computing GDP, could not be either identifiable or traceable in the field.

Manpower shortage affects I-T operations

Manpower shortage affects I-T operations

Rediff.com2 Jun 2021

The vacancies are learnt to be impacting the I-T department's day-to-day functioning.

Will Kerala Go North-East Way To BJP?

Will Kerala Go North-East Way To BJP?

Rediff.com13 Mar 2023

If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.

HAL employees on strike; illegal, says management

HAL employees on strike; illegal, says management

Rediff.com14 Oct 2019

The HAL said its offer was reasonable, fair and in conformity with the wage agreements finalised by other Defence PSUs.

Here's what Gujarat govt said about release of convicts in Bilkis case

Here's what Gujarat govt said about release of convicts in Bilkis case

Rediff.com16 Aug 2022

All the 11 life term convicts in the Bilkis Bano case of the 2002 riots were released as per the remission policy prevalent in Gujarat at the time of their conviction in 2008, a top government official said on Tuesday and rejected claims of contravention of the Centre's guidelines in the matter.

This weightlifter is set to become 1st transgender Olympian

This weightlifter is set to become 1st transgender Olympian

Rediff.com6 May 2021

Hubbard, 43, competed in men's weightlifting competitions before transitioning in 2013.

FinMin asks RBI to ensure a higher dividend for govt in FY22

FinMin asks RBI to ensure a higher dividend for govt in FY22

Rediff.com25 Feb 2021

RBI Governor Shaktikanta Das has assured Finance Minister Nirmala Sitharaman that the Rs 12.05-trillion gross borrowing programme for FY22 will go through smoothly.

'Jet Airways' revival plan is discriminatory'

'Jet Airways' revival plan is discriminatory'

Rediff.com3 Sep 2021

Challenging the "illegal" reduction in its claim by the erstwhile resolution professional (RP) in the Jet Airways revival plan, the Punjab National Bank (PNB) has moved the National Company Law Appellate Tribunal (NCLAT) citing discrimination. The NCLAT on Thursday issued notices to RP Ashish Chhawchharia and the committee of creditors on PNB's plea to set aside the insolvency court's approval of the airline's revival plan. It has posted the matter for further hearing on September 21.

J&J to pay Rs 25 lakh each to 67 victims of faulty ASR hip implants

J&J to pay Rs 25 lakh each to 67 victims of faulty ASR hip implants

Rediff.com31 May 2019

Of the 289 faulty hip implant victims identified, 93 patients had undergone revision surgeries. The company, however, said it could reach only 67 patients and would pay Rs 25 lakh each to the other 26 as well after verifying their claims and if those patients approached J&J.

Must be prudent in rescheduling Oly qualifiers: IOC

Must be prudent in rescheduling Oly qualifiers: IOC

Rediff.com30 Mar 2020

"To facilitate these adaptations, and reflecting the postponement of the Games, we are making the necessary modifications to the qualification system principles to include, for example, the relaxation of the maximum two-year period and amendments to the qualification deadlines."

Loans to get more expensive as banks hike lending rates

Loans to get more expensive as banks hike lending rates

Rediff.com10 Jun 2022

A day after the Reserve Bank of India's (RBI's) Monetary Policy Committee hiked the policy repo rate by 50 basis points (bps), several commercial banks, including ICICI Bank and Bank of Baroda, raised their external benchmark-linked loan rates by an equal amount on Thursday. HDFC, the country's largest mortgage lender, too, increased its interest rates on housing loans by another 50 bps. In total, it has raised rates by 85 bps since May 4, when the RBI had increased the repo rate by 40 bps in an off-cycle meeting.

Censor trouble in Kannada Films

Censor trouble in Kannada Films

Rediff.com28 Jul 2014

Certification of films by the Regional Censor Board (RCB) in Bangalore has come to a standstill because there are not enough members to watch the films.

Xi plans to use CCP centenary to serve his goals

Xi plans to use CCP centenary to serve his goals

Rediff.com30 Jun 2021

With his eye on next year's Party Congress, Xi Jinping is using the CCP's centenary celebrations to publicise the benefits for China from its leadership, and boost his image and contribution to China's rise, observes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.

Bonanza for around 30 mn industrial workers

Bonanza for around 30 mn industrial workers

Rediff.com11 Mar 2020

The Seventh Pay Commission had decided to choose the CPI-IW as the index for adjusting inflation for central government employees.

Session for freshers from Nov 1; vacations to be curtailed

Session for freshers from Nov 1; vacations to be curtailed

Rediff.com23 Sep 2020

The guidelines by an expert committee, set up for revising the academic calendar in view of the COVID-19 pandemic, have been accepted by the UGC and accordingly universities have been recommended a six-day teaching learning schedule every week.

TN sets up GST advisory body, experts fear it may clash with Centre

TN sets up GST advisory body, experts fear it may clash with Centre

Rediff.com6 Apr 2022

If other states follow suit, it is going to become difficult for the GST Council to decide on the next stage of reforms.

RBI likely to maintain status quo on rates to support growth

RBI likely to maintain status quo on rates to support growth

Rediff.com3 Apr 2022

The Reserve Bank is likely to maintain status quo on interest rates in its forthcoming monetary policy review but may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the ongoing Russia-Ukraine war, and the urgency to protect and boost growth, feel experts. The RBI governor-headed rate setting panel -- Monetary Policy Committee (MPC) -- will be holding its first meeting of the 2022-23 fiscal from April 6 to 8. The outcome will be announced on April 8.

When will India be a $5 trillion economy? Not before FY29, says IMF

When will India be a $5 trillion economy? Not before FY29, says IMF

Rediff.com10 May 2022

The wait for India to become a $5-trillion economic powerhouse by 2024-25 (FY25) is going to take longer than what the finance ministry had originally intended, according to the International Monetary Fund (IMF). The vision will instead be achieved in 2028-29 (FY29), reveals the IMF data, illustrating a four-year delay. Chief Economic Advisor (CEA) V Anantha Nageswaran had in February said India would become a $5-trillion economy by 2025-26 or the following year, on the back of 8-9 per cent sustained growth rate in real gross domestic product (GDP). However, the IMF data conveys that the economy will be $4.92 trillion in FY28, clearly alluding to the fact that the target will be realised in FY29.

10th time running, RBI leaves key policy rates unchanged

10th time running, RBI leaves key policy rates unchanged

Rediff.com10 Feb 2022

The Reserve Bank of India on Thursday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance against the backdrop of an elevated level of inflation.

Highlights of RBI policy: 24x7 helpline for digital payment grievances

Highlights of RBI policy: 24x7 helpline for digital payment grievances

Rediff.com5 Feb 2021

Here are the highlights of the monetary policy announced by RBI governor Shaktikanta Das on Friday.

EMIs to rise as RBI hikes repo rate by 50 bps

EMIs to rise as RBI hikes repo rate by 50 bps

Rediff.com8 Jun 2022

The Reserve Bank of India (RBI) on Wednesday announced to increase the policy repo rate by 50 basis points to 4.9 per cent, the second hike in five weeks aimed at quelling the inflation. The MPC vote was unanimous and has decided to keep stance withdrawal from accommodative, RBI Governor Shaktikanta Das said in a press conference on Wednesday. The decision was taken during a three-day meeting of the RBI's Monetary Policy Committee (MPC) to review the interest rates in the country. The MPC voted unanimously to increase the policy repo rate by 50 bps to 4.90 per cent," Das said.

Chidambaram's statement in 2014 on OROP was without cabinet nod: SC told

Chidambaram's statement in 2014 on OROP was without cabinet nod: SC told

Rediff.com22 Feb 2022

It added that following this, the Department of Ex-Servicemen Welfare of Ministry of Defence vide communication dated November 7, 2015, conveyed the policy of OROP for the defence force personnel.

India's personal data protection bill may threaten innovation, growth: USTR

India's personal data protection bill may threaten innovation, growth: USTR

Rediff.com29 Apr 2022

The US on Thursday raised concerns over India's Personal Data Protection (PDP) Bill and draft non-personal data governance framework, claiming these could potentially threaten innovation and economic growth. In its latest 'Special 301' Report, the US Trade Representative (USTR) kept India on the priority watch list, maintaining the country remains one of the world's most challenging major economies with respect to protection and enforcement of intellectual property (IP). In December 2021, a joint parliamentary committee released a report recommending changes to the PDP Bill, 2019, that could undermine important IP protections in India.

Can the Censor Board decide how long a kiss should last?

Can the Censor Board decide how long a kiss should last?

Rediff.com24 Aug 2016

'People with a lot of dreams and passion are paying a lot of money and making a film for two years. Then, one random person who might be a lawyer or a teacher or a social worker, comes and finds a character (in the film) kissing for too long and asks for it to be cut down. That doesn't sound right.' Filmmaker Pritam D Gupta talks about his long hard battle with CBFC.

China's new defence law expands power of its military

China's new defence law expands power of its military

Rediff.com3 Jan 2021

The new law, effective from January 1, weakens the role of the State Council, China's Cabinet headed by Premier Li Keqiang, in formulating military policy, handing decision-making powers to the Central Military Commission (CMC), the overall high-command of the two million-strong People's Liberation Army (PLA) headed by Xi, Hong Kong-based South China Morning Post reported on Sunday.

Doubts resurface over govt's jobs data, as EPFO cuts payroll numbers

Doubts resurface over govt's jobs data, as EPFO cuts payroll numbers

Rediff.com21 Aug 2018

The payroll data has been revised downwards for each of the nine months between September 2017 and May this year

Realty goldmine or citizen minefield, Dharavi makeover gets wiggle room

Realty goldmine or citizen minefield, Dharavi makeover gets wiggle room

Rediff.com10 Oct 2022

Shankar Prajapati, a 57-year-old potter in Dharavi, has given up hope of getting a bigger house for his family. He lives cheek by jowl in a hutment measuring 200 square (sq.) feet (ft) in the nondescript shanty town. "We have surrendered to our fate. We cannot wait forever for better accommodation. "Perhaps we are not meant to dream big," despairs Prajapati. Raju Korde, president, Dharavi Redevelopment Committee, and a local resident, agrees with Prajapati.

Karnataka: Pay hikes due in 2017, unions get restless

Karnataka: Pay hikes due in 2017, unions get restless

Rediff.com8 Jul 2016

State employees in Karnataka will have to wait longer for wage hike.

Govt proposes to dilute RBI Guv's power; can't veto on policy rate

Govt proposes to dilute RBI Guv's power; can't veto on policy rate

Rediff.com23 Jul 2015

Govt likely to get full control on policy rate.

China approves 3-child policy with sops

China approves 3-child policy with sops

Rediff.com20 Aug 2021

The decision to permit the third child came after this month's once-in-a-decade census showed that China's population grew at the slowest pace to 1.412 billion amid official projections that the decline may begin as early as next year.

Cash bonanza for Ranji players, umpires

Cash bonanza for Ranji players, umpires

Rediff.com3 Aug 2017

Domestic match fees to be increased substantially.

Jalan panel for review of economic capital framework in every 5 years

Jalan panel for review of economic capital framework in every 5 years

Rediff.com27 Aug 2019

It also recommended that the RBI accounting year (July-June) may be brought in sync with the fiscal year (April to March) from the financial year 2020-21 as it could reduce the need for interim dividend being paid by the central bank.