The Reserve Bank of India (RBI) on Tuesday announced a fresh round of liquidity measures through open-market operations (OMOs) and a foreign exchange buy-sell swap, under which it will inject close to Rs 3 trillion into the banking system. The central bank said it would purchase Government of India securities worth Rs 2 trillion through OMOs, spread across four tranches of Rs 50,000 crore each to be conducted on December 29, January 5, January 12 and January 22.
IndiGo has seen its pilots' strength depleting by 378 pilots in the last nine months despite its chief operating officer and Accountable Manager, Isidro Porqueras stating to the DGCA in a letter last December that "the overall impact of implementing the proposed changes above (now-implemented FDTL) norms would amount to an approximate 3 per cent increase in crewing requirements.
The Directorate General of Civil Aviation-appointed panel investigating the flight disruptions at IndiGo is likely to summon the airline's CEO Pieter Elbers and Chief Operating Officer Isidre Porqueras on Wednesday as part of the ongoing probe, according to a source on Monday.
Reserve Bank of India (RBI) Governor Sanjay Malhotra, and Deputy Governors Poonam Gupta, T Rabi Sankar, Swaminathan J, and S C Murmu on Friday addressed issues during the post-policy media interaction.
His inheritance was a double-edged sword because the NDA was understandably interested only in highlighting that part of the RJD's tenure in government that evokes kidnapping, extortion, and lawlessness.
The board of InterGlobe Aviation, the parent of IndiGo, has already set up a crisis management group in the wake of the significant operational disruptions that started on December 2.
Chief Minister-designate Rekha Gupta and her Council of Ministers will take oath at the Ramlila Maidan on Thursday afternoon in the presence of Prime Minister Narendra Modi, marking a return of the BJP in Delhi after 26 years.
In the recent Bihar elections, a majority of state ministers from the ruling NDA secured victories in their respective constituencies, with only one minister losing their seat.
The swearing-in ceremony was attended by Prime Minister Narendra Modi, Union Home Minister Amit Shah, BJP national president J P Nadda and several other top leaders of the NDA.
The ruling Bharatiya Janata Party on Tuesday sprang surprises with its first list of 71 candidates for the Bihar assembly polls, denying a ticket to Speaker Nand Kishore Yadav, a seven-term MLA, while fielding Deputy CM Samrat Choudhary in a direct election after over a decade.
A magisterial inquiry into the September 24 violence in Leh, which resulted in four deaths, is expected to be completed within four weeks. The inquiry, led by Sub Divisional Magistrate Nubra Mukul Beniwal, aims to determine the facts and circumstances surrounding the incident.
In the first phase, a total of 3.75 crore voters will decide the electoral fate of 1,314 candidates, including top leaders such as INDIA bloc's chief ministerial face Tejashwi Yadav and Deputy CM Samrat Choudhary of the BJP.
The stage is set for the crucial first phase of the assembly elections in Bihar on Thursday, as 3.75 crore voters will decide the electoral fate of 1,314 candidates, including top leaders such as Indian National Developmental Inclusive Alliance's (INDIA's) chief ministerial face Tejashwi Yadav and Deputy CM Samrat Choudhary of the Bharatiya Janata Party.
'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.'
Even if the Reserve Bank of India's Monetary Policy Committee decided to hold interest rates in the October meeting, it acknowledged the scope for further rate cuts while waiting for the impact of the past steps to play out.
Names and names and names and names... 329 in all. Some Indian. Some Canadian. Some British. Berry. Gupta. Jain. James. Bhatt. Beauchesne. Chatlani. Enayati. Lougheed.... Vaihayasi Pande Daniel visits Ahakista, Ireland, home to the memorial for the worst terrorist atrocity in India's history.
Reserve Bank of India (RBI) Governor Sanjay Malhotra, with Deputy Governors Poonam Gupta, Swaminathan J, T Rabi Sankar, and M Rajeshwar Rao, responded to a range of queries in the post-policy interaction with the media
Old friend Boney Kapur hosted a party for Shabana Azmi's 75th birthday and a merry and wonderful time was had by all.
The ladies looked gorgeous at Ektaa R Kapoor's annual Diwali party at her residence. And then, there were the good looking couples, who added even more glamour to the proceedings.
Veteran filmmaker Chandra Barot, best known for directing the 1978 Amitabh Bachchan-starrer 'Don', passed away on Sunday due to cardiac arrest at a hospital in Mumbai. He was 86.
Medha Somaiya, in her complaint filed through advocate Vivekanand Gupta, had alleged that Raut made baseless and completely defamatory allegations against her and her husband.
'In case a particular industry has not passed on the benefits and if we receive complaints, we will take up the matter with the industry body concerned.'
'In 2014 the BJP built its campaign around 'jija ji' (brother-in-law) and corruption, shouting about Vadra, 2G and coal scams. Yet today, all those cases have quietly been shut. The people are not fools. They can see the reality--that Congress and BJP are in a hidden alliance'
After a long absence from the public stage, after being routed in the Delhi assembly election in February, Aam Aadmi Party supremo Arvind Kejriwal launched the Ghar Rozgar Bachao Andolan (Save homes, jobs movement) at Jantar Mantar in New Delhi on Sunday with a protest against the ongoing demolition drives in slum clusters in the city.
The Reserve Bank of India (RBI) is expected to cut interest rates for the first time in nearly five years in Governor Sanjay Malhotra's first monetary policy committee (MPC) meeting on Wednesday. The meeting of the six-member MPC, which will culminate on Friday, aims to boost sluggish economic growth, which is seen falling to a four-year low. Malhotra took charge as the 26th RBI governor in December last year.
After completing her duties at the Cannes Film Festival, Alia Bhatt jetted off to Costa Brava in Spain to attend a wedding.
"We are contributing about 18 per cent, which is more than the US where the contribution is expected to be much less -- about 11 per cent or something. We are doing very well and we will continue to improve further," RBI governor Sanjay Malhotra said, replying to a question on Trump's recent comments.
'The US reciprocal tariff has added another element of uncertainty and the central bank may prefer to wait and get further clarity.'
Uncertainties over the impact of the United States' (US') tariffs on India, along with the ongoing transmission of past rate cuts, prompted the members of the Reserve Bank of India's Monetary Policy Committee (MPC) to maintain the status quo during the August meeting, the minutes showed. While some of the external members highlighted their concern over growth, the internal members cited the one-year headline inflation rate overshooting the 4 per cent target.
(UP), Jun 27 (PTI) A major irregularity has come to light in Uttar Pradesh's Amethi where bags of food grain, meant to be distributed under the free ration scheme for the poor, were allegedly found mixed with soil and salt, officials said on Friday.
Mrs Gandhi's power ebbed and peaked with the times. Mr Modi's has almost been constant, barring the few months of hard dip after the 240 seats of 2024, points out Shekhar Gupta.
The change in stance to neutral from accommodative in the June monetary policy meeting does not necessarily signal that the Reserve Bank of India's (RBI's) rate setting body - monetary policy committee (MPC) - will go on a prolonged pause on rate cuts going forward, believe experts.
Bihar's Rural Development Minister Shravan Kumar has stated that the decision on Nishant Kumar's entry into politics rests solely with his father, Bihar Chief Minister Nitish Kumar. Kumar also clarified that Nitish Kumar's absence from Rekha Gupta's swearing-in as Delhi chief minister was due to a pre-scheduled program in Nalanda.
Congressman John Conyers of Michigan -- Gupta's home state where he was born and raised and went to medical school -- in his letter urged his fellow Democrats to join him in 'signing a letter to President-elect Barack Obama that Dr Sanjay Gupta not be nominated for the post', arguing that the celebrity physician and medical correspondent 'lacks the requisite experience needed to oversee the federal agency that provides crucial health care assistance.'
His mother was the first female engineer at Ford. His brother is a CNN icon. 'Do we want politicians or problem-solvers?' Suneel Gupta asks Pottayil Rajendran.
The Reserve Bank of India's (RBI) Monetary Policy Committee's (MPC) decision to cut the repo rate by 50 basis points (bps) to 5.5% was contrary to the expectations of many economists. Firstly, most of the economists expected the MPC to cut the repo rate by 25 bps citing the weakening of inflation, prospects of economic growth, geopolitical uncertainty and comfortable system liquidity.
'But Ranveer is a great actor who can really transform himself into the character and it will be interesting to see what he brings to the character of Don.'
BJP and RSS leaders are once again pushing to remove the words 'secular' and 'socialist' from the Constitution's Preamble, showing a deeper effort to change India's identity from a diverse, multi-religious republic to a Hindu-first nation, even though they don't have the numbers in Parliament to officially change the Constitution, observes N Sathiya Moorthy.
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