The MPC states that the 4 external members will have a tenure of four years each.
Here are the key decisions announced by the Reserve Bank of India on Thursday.
'We think we can do anything and everything when we have an overwhelming majority in the legislature. But that should not be the case'
It should be noted that the CPC allocation is provisional.
GST seeks to subsume many indirect taxes at the Central and state levels.
The understanding was reached on Monday.
The Environment and Civil Aviation ministries had been at loggerheads over the airport project.
The career bureaucrat-turned-central banker walked into the 19th floor corner room of the Reserve Bank on December 12, 2018. Since February 2019, the Das-led RBI has cut the repo rate by a whopping 135 basis points to support the sagging growth, including an unprecedented 35 bps reduction in August. As he completes one year at the helm, woes in the NBFC sector, overall health of the banking sector and steeply falling economic growth are among the major challenges that needs to be tackled sooner than later.
Former Sri Lankan captain Arjuna Ranatunga has slammed Sri Lanka Cricket's (SLC) stance on the Big Three- India, Australia and England, and said that it could have an adverse impact in the longer run.
The move comes after Neeraj Kanwar's reappointment as managing director was rejected by minority shareholders owing to his salary, which increased in spite of a fall in the company's profitability.
India's national security strategy needs to be revised periodically since the global and regional geopolitical situation is dynamic, points out Commodore Venugopal Menon (retd).
The government on Thursday decided to substantially hike the post-matric scholarship amount and other benefits given to students from scheduled tribes and those disabled.
Large urban co-operative banks may come to be solely under the provisions of the Banking Regulation Act, even as the smaller among them are to remain within the exclusive fold of the Registrar of Co-operative Societies. The upcoming changes will bring the curtains down on the vexed issue of dual control of UCBs, which has been in vogue for 54 years. The new framework will affect 1,551 UCBs in the country, which had a total business of Rs 7.36 trillion.
According to the report submitted by the IMC, radiation from mobile phones and towers could lead to symptoms like fatigue, sleep disturbance, dizziness and lack of concentration.
In the last policy review in December, RBI had decided to keep policy rate unchanged.
Its passage in the Lok Sabha is all but certain due to the massive majority the Bharatiya Janata Party and its allies have, and the Union government is confident of its passage in the Rajya Sabha as well with the support of several non-aligned regional parties which have often joined the treasury benches in the past.
RBI says haste in easing norms for banks harmful to economy.
However, the convention of adjourning the proceedings for the day if a sitting member dies during session, will continue.
The Indian cricket team has given a thumbs up to the Decision Review System (DRS) in its revised form which makes the ball-tracker technology optional in bilateral series.
N R Bhanumurthy, professor of economics at the National Institute of Public Finance and Policy, and the author of the series, presented in a report to the National Statistical Commission, explains to Abhishek Waghmare various aspects of the methodology.
Strong currency and sagging oil prices are spooking policymakers.
The understanding was reached during a meeting between Environment Minister Jairam Ramesh and Civil Aviation Minister Praful Patel in New Delhi to decide the fate of the airport which has been embroiled in 'green' wrangle.
Government officials favoured compulsory biometric identification but said it did not happen because of the Supreme Court judgment on Aadhaar
A bench headed by Chief Justice S A Bobde directed that the inquiry commission should start functioning within a week and the probe be concluded within two months.
The US appears to be using the Indo-US nuclear deal as a vehicle to facilitate a formal entry for the US National Nuclear Security Administration, widely suspected to be involved in a variety of covert nuclear interventions, into India
"In an unprecedented move, the ministry of defence (MoD) has decided to delegate substantial financial powers to the Armed Forces for undertaking works for perimeter security of sensitive military installations," the ministry said in a statement.
Jet Airways HQ owner wants resolution professional to vacate premises. The licence for occupying the place has been terminated, on account of the airline having not paid the rent after March.
Naresh Goyal-led Jet has also changed the shareholders agreement and amended the investment agreement and the articles of association, as suggested by the Foreign Investment Promotion Board, headed by DEA Secretary Arvind Mayaram, official sources said.
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
The staff and officers of banks and insurance companies are expected to go on a day long strike following a call by major central trade unions on Tuesday (February 24) demanding a wage revision.
They will hold discussions on the requirement of a constitution amendment bill for rolling out the proposed GST, which is all set to miss even the revised deadline of April one, 2011.
Historically, the RBI has tried to keep the crooks at bay by issuing a circular a day. What it needs is more onsite supervision. Merely checking high-frequency data with the help of technology is insufficient, notes Tamal Bandyopadhyay.
Verdicts paving the way for construction of a Ram Temple at Ayodhya and India's multi-billion dollar Rafale fighter jet deal with France were 2019's landmark imprints of the Supreme Court, which also found itself at the centre of a controversy with then Chief Justice of India Ranjan Gogoi being accused of sexual harassment before getting the clean chit.
India's gross domestic product product (GDP) growth rate between 2011-12 and 2016-17 should be about 4.5 per cent instead of the official estimate of close to 7 per cent, he said in a research paper published at Harvard University. "The Indian policy automobile has been navigated with a faulty, possibly broken, speedometer," he says in the paper.
Chances of a rate cut in April improve if core inflation continues to ease, growth falling below the projected 7.2% for FY19 and if the global trade slowdown exacerbates.
In an effort to grab a share of the hefty Diwali bonus to employees in government and corporate sector, country's largest lender State Bank of India may raise the interest rate on term deposit rates in next few days.
The Bill neither plans to make the Aadhar mandatory or limit its issuance to citizens.
American Senator John McCain, ranking Republican on the Senate Armed Services Committee and erstwhile presidential nominee, has said he is aware that the Obama administration is working very hard to help resolve the Kashmir imbroglio, sans any US mediation of the issue between India and Pakistan.
A statement issued by the Interior Ministry also said the crackdown on Jaish 'has been taken in line with the decision of the NSC meeting'.
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