The novel approach was cleared by Standing Committee of the AMC recently.
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.
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).
An expert committee has recommended to Defence Minister Manohar Parrikar that supply of equipment need not be blocked even if bribery charges emerge.
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.
A summary of sports events and persons who made news on Monday
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'.
The Swiss lawyer heading up a committee charged with reforming the structure and management of world soccer body FIFA says major changes to the organization's voting structure and imposing term limits on executive committee members will be difficult to achieve in the short term.
The central government, in its revised draft of the constitution amendment bill, had proposed that fuel and liquor should be brought under the ambit of GST.
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.
'People, who were killed, didn't even know why they were being killed.' 'Because a couple of Sikhs assassinated Indira Gandhi, the whole community had to pay for it.'
State finance ministers' panel to decide on latest attempt at harmonising of views on Constitution amendment.
Meeting a long-pending demand of over a crore defence veterans and 12 lakh serving jawans, the government on Monday substantially increased the pension of ex-servicemen.
The Cabinet Committee on Economic Affairs may consider slashing customs duty on petrol and diesel from 15 per cent to 10 per cent.
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 Pay Review Committee, headed by Prof Goverdhan Mehta, set up for faculty members of central technical institutes like IITs and IIMs had submitted its report to the HRD ministry in February this year.
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.
A parliamentary panel has pitched for 100 percent hike in salary and daily allowances of MPs and 75 percent raise in pension of ex-MPs apart from facilities for their "companions" in place of "spouses".
The ICC Board accepted the resignation of former president Mustafa Kamal, effective from April 2, and confirmed that no replacement would be appointed for the remaining weeks of his term.
The crisis management committee went into a review of its policy and will formulate new norms on how to deal with cases of aircraft hijack and terrorism.
The appointment of new expenditure secretary comes a month-and-a-half ahead of the Budget for 2020-21 to be presented on February 1.
Trump said that he "absolutely" believes waterboarding works, but would defer to his CIA and Pentagon chiefs advice on whether to reinstate them.
Indian sportspersons will be deprived of a chance to hold the Queen's Baton of the 2014 Commonwealth Games and run in the relay on October 12-13 in a solemn ceremony as Indian Olympic Association on Thursday decided to make the ceremony a low-key affair due to lack of security arrangements.
The ministry is preparing a draft note for consideration of the CCPA on pricing of diesel, kerosene and LPG, official sources said.
The 17-day strike by workers at Hyundai Motor India's Sriperumbudur factory ended after a meeting of workers' representatives, the company management and the labour board in Chennai.
The GST Council is scheduled to meet next on November 10 and may consider lowering tax rates on a host of goods such as handmade furniture, plastic products and daily use items like shampoo.
Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates for the financial year closing today.
'We are looking at the Budget with the hope that it will address all issues even at the cost of exceeding the fiscal deficit target.'
The Reserve Bank on Wednesday said it plans to issue new bank licences around January, "consistent with the highest standards of transparency and diligence."
These parties also asked the Centre to present a revised comprehensive economic package that will be a 'true stimulus' and sought reversal of all unilateral policy decisions, especially pertaining to labour laws, as they put forth a 11-point demand charter before the government during a virtual meeting, called by the Congress to discuss the situation arising out of the pandemic as well as the lockdown.
Central government employees and pensioners will get an additional 6 per cent dearness allowance from next month, putting a burden of over Rs 6,000 crore (Rs 60 billion) on the exchequer.
The Cabinet, which met in Jammu under the chairmanship of chief minister Omar Abdullah on Thursday evening, approved the recommendations of the Cabinet Sub Committee on implementation of the 6th Pay Commission, including one that there shall be no lock-in period for withdrawal of arrears deposited to the GP Fund.
After being ignored initially, India's finest defender Dilip Tirkey is among 11 players who were included on Friday in the revised list of probables for major international tournaments for the next four years.
Given the various risks to growth, one could argue for rate cuts to be deeper than the 5 per cent terminal repo rate that we are projecting at this stage, says Kaushik Das.
Third of faculty positions vacant. One per cent seats empty. New institutes lag in infrastructure, research.
FM may increase income-tax exemption limit to Rs 3 lakh
Ace shooter Abhinav Bindra on Saturday applauded IOC's decision to not change its stance on barring charge-sheeted persons from contesting Indian Olympic Association (IOA) elections, saying it is heartening to see the world body keen on cleaning up sports in the country.
The Finance Audit and Investment committee recommended 8.95% interest.
The long-pending One Rank One Pension Scheme for ex-servicemen was tonight brought into force with government issuing a notification which will benefit over 25 lakh veterans and war widows.
India is likely to clock a GDP growth of 5.5 per cent during the current financial year provided there is normal monsoon and stable government at the centre, says a D&B report.
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