Finance Minister Nirmala Sitharaman has said the recent interest rate hike by the Reserve Bank was not surprising for her but the timing was, asserting that the rising cost of funds will not impact the government's planned infrastructure investments. For the first time since August 2018, RBI had on May 4 delivered a blunt 40 basis points increase in key repo rate to 4.40 per cent, and also hiked the cash reserve ratio by 50 basis points to 4.5 per cent after an unscheduled meeting of the rate setting panel, citing increased inflation pressures following the Ukraine war and the resultant spike in crude oil prices. Retail inflation printed at 6.9 per cent in March and the April reading is forecast to top 7.7 per cent.
Breakaway Super League clubs Real Madrid, Manchester City and Chelsea are likely be banned from this season's Champions League semi-finals, UEFA executive committee member Jesper Moller told Danish broadcaster DR on Monday.
Narendra Modi's real legacy will be if he can redesign the IAS and the concept of an all-India service, argues T C A Srinivasa Raghavan.
With the aim of speeding up the 2010 Commonwealth Games projects, the Indian Government on Thursday approved about Rs 828 crores funding for Delhi Development Authority (DDA). The DDA has been entrusted with the development of Games Village, competition venues for badminton, squash, table tennis and archery.
Slow over-rates in T20 Internationals will invite stricter penalties with the ICC on Friday announcing that teams which fail to keep up with the schedule will end up with one fielder less outside the 30-yard circle for the remainder of the innings, starting this month.
Singh Deo will, however, remain the minister for Health and Family Welfare, Medical Education, Twenty Point Implementation and Commercial Tax departments.
India on Monday did some plain-speaking with China over its blocking of the Indian bid to get JeM chief Masood Azhar banned by the UN and warned the global community of "serious consequences" if it continues to adopt "double standards" in dealing with terrorism.
FIDE said it will do its utmost to find another organiser for the Olympiad and will provide more information in due time.
The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Half of the board seat at these banks have been vacant. Ten of the 12 public-sector banks, even large ones like Punjab National Bank, Canara Bank and Union Bank of India - all except State Bank of India (SBI) and Bank of Baroda - don't even have a chairman. In 2014, while splitting the post of chairman & managing director (CMD), the government had decided to appoint non-executive chairmen at these banks. SBI, which has an executive chairman and four managing directors, was an exception.
'No one in this administration, not the President nor anyone on the national security team, would suggest that the Taliban are respected and valued members of the global community'
'If the authorities go about completing this project the way they have proposed, this is going to cause a HUGE environmental impact not only on Malabar Hill but also on the rest of the city.'
Days after Herwad village in Maharashtra's Kolhapur district passed a resolution to ban the customs associated with widowhood to maintain women's "right to live with dignity", those spearheading the campaign are now following up with the state government, demanding that a law be framed to end the "regressive" traditions.
They are the first to be declared terrorists under the new anti-law, a home ministry official said.
The remarks by China's deputy permanent representative to the UN, Geng Shuang, came during an emergency meeting of the Security Council on the situation in Afghanistan on Monday after the sudden and rapid takeover of the Afghanistan government by the Taliban insurgents.
The report came amid speculation on social media that JeM founder has died.
The National Company Law Appellate Tribunal (NCLAT) on Thursday directed the Kalrock-Jalan consortium, the winning bidder for bankrupt Jet Airways, to share portions of the resolution plan pertaining to claims of employees with the airline's workmen. The Association of Aggrieved Workmen of Jet Airways (India) Ltd had sought a copy of the approved resolution plan and the latest direction has come on a plea filed by the association. The development comes almost seven months after the Mumbai bench of the National Company Law Tribunal (NCLT) approved the Jalan-Kalrock consortium's resolution plan in June 2021.
After weighing all the costs and benefits, the next administration is likely to reduce and restructure assistance to Pakistan but not to end it altogether, says Daniel S Markey.
A Mumbai court on Tuesday rejected a bail plea of businessman Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar and an accused in a money laundering case. He was arrested by the Enforcement Directorate (ED) in September under the Prevention of Money Laundering Act (PMLA) in the alleged ICICI Bank-Videocon money laundering case. Special PMLA judge P P Rajvaidya rejected the `regular' bail application of Deepak Kochhar, filed on merits of the case as against technical grounds.
The bench asked the respondents to file their response to the petition which seeks the constitution of a committee to examine 'workable solutions' to ensure that a kirpan permitted to be carried on the flight is 'appropriately designed and crafted' and does not have a blade length beyond 4 cm.
India's gymnastics ace Dipa Karmakar on Saturday said she accepted provisional suspension after returning positive for a banned drug to swiftly resolve her case with the international federation.
Valieva failed the test collected at the Russian national championships on Dec. 25
Earlier in the day, Russia was banned from defending its Davis Cup and Billie Jean King Cup titles but its players will still be allowed to compete at the Grand Slams and in regular tour events.
India proposes to organise a briefing of the Security Council on December 15 on 'Global counter-terrorism approach - principles and the way forward" under the 'Threats to international peace and security caused by terrorist acts'.
The QRSAM system is unique in its ability to operate on the move, searching for and tracking enemy targets; and then fire on a short halt.
Significantly, these 12 officers would form a major part of the team that the new army chief will inherit, observes Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
'China knows the best way of twisting the knife in its dealings with India: By launching a major incursion into Indian territory,' says Rajeev Sharma.
Pakistan is yet to comply with 13 conditions out of the 27-point Action Plan of the FATF including curbing terror financing, enforcement of the laws against the proscribed organisations and improving the legal systems.
Breakdancing, considered one of the pillars of hip-hop culture, will also make its Asian Games bow in 2022, two years before it features in the Olympics for the first time in Paris.
At her daily news conference on Wednesday, White House Press Secretary Jen Psaki was asked how the world's largest and oldest democracies are working together to bring peace in the region amidst the war in Ukraine.
The stimulus package announced by the government for the revival of the pandemic-hit economy has been found to be "inadequate", according to a Parliamentary panel report. The report of the department-related Parliamentary Standing Committee on Industry on the impact of COVID-19 pandemic on micro, small and medium enterprises (MSME) sector has noted that in the process of economic recovery post-first wave of the pandemic, the second wave has even more vigorously ripped the economy particularly the MSME sector. "The committee observes that the stimulus package announced by the government for the economic revival from the pandemic hit economy has been found to be inadequate as the measures adopted were more of loan offering and long-term measures instead of improving the cash flow to generate demand as immediate relief," it said.
Shakib tendered an unconditional apology on his official Facebook page, but his act of trying to damage match property is as good as Level III offence.
When the IAF veterans' bail petition came up for hearing, in an unprecedented move, senior serving and retired Air Marshals and Air Vice Marshals rallied behind the accused officers and appeared before the court to give sureties for each, something that has never happened ever before.
External Affairs Minister Sushma Swaraj is expected to raise the issue of China blocking India's bid to ban Jaish-e-Mohammed chief Masood Azhar by the United Nations with her Chinese counterpart Wang Yi,.
The agency has moved with its charge sheet against Shukla after getting a go ahead from the government to prosecute the retired judge, they said.
The decision not to impose a blanket ban was not uniformly welcomed with Travis Tygart, head of the United States Anti-Doping Agency, describing it as "yet another devastating blow to clean athletes."
The defence ministry said 10 helicopters will be for the Indian Air Force and five will be for the Indian Army.
The Trump administration announced this major reward on the 10th anniversary of the terror attack in which 10 Pakistan-based Lashkar-e-Tayiba terrorists went on a shooting rampage in India's financial hub killing 166 people, including six Americans.
United Nations proscribed terrorist Lakhvi, 61, who was on bail since 2015 in the Mumbai attack case, was arrested by the Counter-Terrorism Department of Punjab province on Saturday.
Bach said the International Olympic Committee had limited means of action.
"These powers will help Formation Commanders to establish and operate quarantine facilities/ hospitals and to undertake procurement/ repair of eqpt/ items/ material/ stores, besides provisioning of various services and works required to support the ongoing effort against COVID," his office tweeted.
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