The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.
Union Finance Minister Nirmala Sitharaman on Friday tore into United Progressive Alliance accusing it of economic mismanagement during the 2008 global financial crisis, saying the Congress put the 'first family first' and brought the economy down to 'fragile five'.
An angry Banerjee slammed a minister, a former Trinamool Congress mayor and a few bureaucrats for their "below-par performance".
He asserted that the concept of 'one flag, one prime minister, one Constitution' was not a political slogan and the Bharatiya Janata Party firmly believes in the principle and finally implemented it with regard to Jammu and Kashmir.
The Union Cabinet on Tuesday gave its nod to the Government of National Capital Territory of Delhi (Amendment) Bill, which will replace the ordinance promulgated by the Centre on May 19.
It then went on to ask whether a lion could be named after Swami Vivekananda or Ramakrishna Paramahansa.
While 30 of them were suspended for the remainder of the Winter Session, three were suspended pending the report of the Privileges Committee.
After a short-term blip, mutual funds (MFs) are back to adding new systematic investment plan (SIP) investors at a record high pace, which was seen during the financial year 2021-22 (FY22). During the first six months (H1) of this financial year (FY24), MFs have added a net 77 million SIP accounts compared to 56 million during the same period of FY23. The net additions this year are a tad higher than the 76.5 million additions in H1 of FY22.
The Trinamool Congress's candidate selection for the upcoming Lok Sabha polls is expected to prioritise the nominee's winnability, public image and sitting MPs' performance, while also reflecting the internal debate on whether experienced leaders should make way for the younger generation.
Opposition MPs on Tuesday demanded the resignation of Manipur Chief Minister Biren Singh over the violence.
The Lok Sabha witnessed a heated debate Friday on an Ethics Committee report recommending Trinamool Congress MP Mahua Moitra's expulsion in the cash-for-query issue, with the Opposition demanding she be allowed to speak in the House, and the government contending her views were heard by the panel.
As their parties are locked in a fierce battle for Bengal, Tathagata and Saugata Roy, siblings who belong to the BJP and the TMC respectively, answer the same questions put to them about the assembly election.
From Indian poet and philosopher Thiruvalluvar to English great William Shakespeare, Lok Sabha members quoted extensively from literature to put across their arguments as they raised the Manipur issue during a debate on the no-confidence motion over the past two days.
Gandhi, who is usually flanked by senior party colleagues, was also greeted by both President Droupadi Murmu and Vice President Jagdeep Dhankhar.
The Reserve Bank may go for a final 25 basis points increase in the current rate hike cycle next week and a reduction would come in only by the end of third quarter of FY24, economists at Axis Bank said on Wednesday. As per media reports, RBI officials met economists on Tuesday, and the latter have suggested the central bank to go for a 25 basis points hike in key rates. Since May 2022, the RBI has hiked rates by 250 basis points, hurting borrowers and some are already concerned about loan tenors extending beyond their working lives as a result of the hikes.
'Whether the Hindu voter will vote for us or not, we can't say, can we?'
Two equity funds at the opposite ends of the risk matrix - small-cap and arbitrage - bucked the 'low inflow' trend in May this calendar year 2023 (CY23) to receive the highest net inflows in recent years. The Rs 3,280-crore net inflows into small-cap schemes in May was the highest for the category since the mutual fund (MF) industry started releasing fund-wise inflow data in April 2019. Arbitrage schemes raked in a net Rs 6,640 crore - the highest since July 2021.
Opposition presidential candidate Yashwant Sinha on Monday filed his nomination papers for the July 18 election, with a host of leaders including Rahul Gandhi, Sharad Pawar, Akhilesh Yadav and Farooq Abdullah accompanying him.
Tabled by Minister of State for Home Affairs Nityanand Rai, the legislation will reverse the effect of the Supreme Court verdict in May that gave the Delhi government power over administrative services.
Watch all the proceedings and debates.
The bill seeks to authorise taking measurements of convicts and other persons for the purposes of identification and investigation in criminal matters and to preserve records and related matters.
Sri Lanka is facing 'a very serious crisis' that makes India naturally worried, External Affairs Minister S Jaishankar told an all-party meeting in New Delhi on Tuesday and dismissed suggestions about such a situation arising in India.
During the day-long debate, the lines between science and religion often got blurred with many invoking religious texts and the contribution of 'rishi munis' to highlight India's tryst with the extra-terrestrial world.
Sparks flew on the first day of the debate on the no-trust motion moved by the Congress with the Opposition on Tuesday asserting that it was forced to do so to break Prime Minister Narendra Modi's 'maun vrat' (vow of silence) on Manipur and the treasury benches hitting back saying it was a no-trust vote against a 'poor person's son' who has worked for the welfare of the people.
Sources said Tewari, who has publicly lauded the Agnipath scheme and termed it as a much-needed reform in the armed forces, has taken a stand contrary to that taken by his party.
Finance Minister Nirmala Sitharaman's Budget speech on Wednesday was marked by the usual thumping of benches by the ruling alliance members, but the loudest cheer was reserved for her announcement of income tax relief, which was welcomed by 'Modi, Modi' chants in Lok Sabha that also witnessed a few instances of protest by the Opposition.
Four days after Trinamool Congress heavyweight Suvendu Adhikari resigned from the state cabinet, Trinamool Congress leader Abhishek Banerjee and election strategist Prashant Kishor on Tuesday met him, following which the party claimed that 'all the issues have been resolved'.
Sujata Mondal Khan, wife of Bharatiya Janata Party MP Saumitra Khan, switched over to the Trinamool Congress from the saffron camp on Monday, claiming that she did not get her due recognition even after taking several risks to get her husband elected during 2019 Lok Sabha elections.
MPs from 10 Opposition parties on Thursday wrote a letter to Lok Sabha Speaker Om Birla saying that the situation at Ghazipur border was like that of India-Pakistan border and condition of farmers resembles prisoners in jail.
The issue of National Register of Citizens in Assam is likely to rock both houses of Parliament on Wednesday too.
Sule, citing Railway Ministry documents, said the largest number of Shramik Special trains -- 1033 -- were operated from Gujarat, followed by Maharashtra (817) and Punjab (429).
Logistics services provider Delhivery is likely to launch its downsized initial public offering (IPO) this week, said people in the know. The Softbank-backed firm may trim its issue size from Rs 7,460 crore to Rs 5,500 crore to align with the volatile market conditions, sources said. Sources added the fresh issue component of the IPO could be reduced to Rs 4,500 crore and the OFS component to Rs 1,000 crore.
Most of the members, including Prime Minister Narendra Modi, were seen wearing face masks. However, members had crowded the Lok Sabha chamber, while hardly a handful of others, including union ministers Dharmendra Pradhan and Piyush Goyal, were seen seated in the Rajya Sabha chamber.
Bharatiya Janata Party's West Bengal unit president Dilip Ghosh said on Sunday that his party would "restore democracy" in the state if voted to power, warning Trinamool Congress cadres to mend their ways or they will have to either visit hospital or crematorium.
Heightened geopolitical uncertainties will lead the Reserve Bank's rate-setting panel to opt for a status quo at the next week's meeting, Axis Bank's chief economist Saugata Bhattacharya said on Monday. Bhattacharya said he had earlier expected a tightening action at the policy meet scheduled for April 6-8 but the increased uncertainties on the geopolitical front due to the Russian invasion of Ukraine and its impact on commodity prices makes him now think that RBI will defer such an action. He said the central bank's Monetary Policy Committee (MPC) may hike rates in the second half of FY23 by up to 0.50 per cent.
Harsh Mariwala, outgoing MD of Marico has high hopes from Saugata Gupta.
5-kg free food grains per person per month would be given to around 80 crore people for the two months.
Although there has been no official communication by the party leadership in this regard, the sources said MPs over 65 years of age have been advised not to attend the session.
The CBI has "sought permission from the Lok Sabha Speaker to prosecute Suvendu Adhikari, Saugata Roy, Prasun Banerjee and Kakali Ghosh Dastidar", who were all TMC MPs when the operation was allegedly conducted, the official explained.
Apart from around 100 MPs of the Congress, leaders of several opposition parties including Trinamool Congress, Nationalist Congress Party, Shiv Sena, Communist Party of India-Marxist, Communist Party of India, Rashtriya Janata Dal and Samajwadi Party attended the meeting.
