There is an acute imbalance of power between the various organs of the State, including the executive, the legislature, the judiciary, and the ultimate sovereign -- the people, argues R Jagannathan.
The Sri Lankan government has asserted that the recently signed maritime security pacts with India will "neither result in hindrance nor threat" to the island nation's security as "misinterpreted" by several media outlets in this country.
The proposed Central Bank Digital Currency (CBDC) to be issued by the Reserve Bank will play a critical role in improving the speed of transactions and reducing the cost of cash, a Deloitte report said on Wednesday. The Reserve Bank of India is planning to come out with a central bank-backed digital currency, using blockchain technology in 2022-23. As a financial services innovation, CBDCs are likely to play a pivotal role in shaping the 'future of value transfer', the report said, adding that most central banks worldwide are now in various stages of their evaluation of launching their national digital currencies.
In a major policy speech on Monday, US Secretary of State Mike Pompeo said the world will not allow China to treat the strategically important South China Sea (SCS) as its 'maritime empire' and vowed to support worried Southeast Asian countries against Beijing's 'campaign of bullying' to control the resource-rich region.
MobiKwik employees exercised their ESOPs (Employee stock ownership) in a recently opened window by selling part of their shares in a secondary sale. "The secondary round was led by ex-Blackstone India head, Mathew Cyriac, who topped up his holding at almost double of his previous price," the sources said.
'Avoid going overweight on gold. But maintain a 10 per cent allocation via sovereign gold bonds,' Bajaj Capital MD Sanjiv Bajaj tells Sarbajeet K Sen.
'Unless India ups the ante, Beijing will continue to believe its transgressions are cost free and will feel encouraged to do more of the same.'
"God save the King" were the words with which those gathered reaffirmed the proclamation made by the clerk of the council.
The government on Wednesday asked the Reserve Bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for another five-year period ending March 2026. To control the price rise, the government in 2016 gave a mandate to the RBI to keep the retail inflation at 4 per cent with a margin of 2 per cent on either side for a five-year period ending March 31, 2021.
China has said that it successfully carried out a land-based mid-course anti-ballistic missile (ABM) technical test on Sunday with Chinese experts claiming that the tests, stated to be the sixth of its kind, validated the reliability of the country's anti-ballistic missile umbrella.
The Eastern Caribbean Supreme Court in the High Court of Justice Commonwealth of Dominica on Friday put a stay on the repatriation of India-born fugitive Mehul Choksi from Dominica. "This order is to be served immediately on the defendants by email and fax and in person, and the head of immigration at the Douglas Charles airport by email and fax," read the court order. The court will hold the next hearing in the matter on May 28 at 9 am local time.
Taiwan considers itself a sovereign state -- but China views the self-ruled island as a breakaway province. Beijing has not ruled out the possible use of force to achieve unification.
The Queen's coffin then lowered into the royal vault in preparation for her final resting place by the side of her late husband of 73 years, Prince Philip, in an enclave of the historic chapel on her south-east England estate of Windsor.
A special aircraft of the Indian Air Force was sent on Saturday to bring back the Indian diplomats, officials and other staff members including a group of Indo-Tibetan Border Police personnel.
The UK government has taken the unusual step of making a formal statement to warn of a Russian plot to install a pro-Kremlin leader in Ukraine amid growing tensions in the region.
In a television appearance Monday, Putin said Russia had struck military and infrastructure targets across Ukraine following the Crimea bridge blast.
S&P Global Ratings on Wednesday slashed India's GDP growth forecast for the current financial year to 9.8 per cent saying the second Covid wave may derail the budding recovery in the economy and credit conditions.
In an affidavit submitted before a division bench of Chief Justice Dipankar Datta and Justice M S Karnik, PMO Under Secretary Pradeep Srivastava said the PM's photograph, name and national emblem were also used in the Prime Minister's National Relief Fund (PMNRF).
Young investors could allocate in the proportion of 70:20:10 to equity, debt and gold.
Words and actions like those of R N Ravi and a vocal section of the state BJP have only added to Tamil fears and suspicions, points out N Sathiya Moorthy.
The Bombay high court on Tuesday sought the Union government's reply to a petition seeking deletion of the name 'Prime Minister' from the PM CARES Fund trust and also deletion of the PM's photo as well as images of the national flag and the emblem of India from the trust's official website.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
China on Tuesday said the activities of its high-tech research vessel will not affect the security of any country and should not be 'obstructed' by any 'third party', as the ship berthed at Sri Lanka's strategic southern port of Hambantota amid Indian and United States concerns.
Flipkart Group on Monday said it has raised $3.6 billion (about Rs 26,805.6 crore) in funding led by GIC, Canada Pension Plan Investment Board (CPP Investments), SoftBank Vision Fund 2 and Walmart, valuing the e-commerce giant at $37.6 billion. The company, which competes with Amazon, Reliance Industries' JioMart and others in the burgeoning Indian e-commerce market, said it will continue to make deeper investments across people, technology, supply chain and infrastructure to address the requirements of a rapidly growing consumer base in the country. The current funding round has also seen participation from sovereign funds DisruptAD, Qatar Investment Authority, Khazanah Nasional Berhad as well as marquee investors Tencent, Willoughby Capital, Antara Capital, Franklin Templeton and Tiger Global.
Our government shows a benign mask to the world behind which its fangs are bared against its own citizens, observes Aakar Patel.
All banks are eligible for privatisation. A committee of secretaries will decide which banks will be privatised, says Financial Services Secretary Debasish Panda.
'The government will carefully regulate and monitor the Digital Rupee, and because the currency is supposed to be tied to INR or supported by reserves, we should expect little fluctuation in pricing.'
The lawyer submitted that even though the TADA court had held that it was not bound by the assurances of the government, the top court has the power to decide the issue.
Chief Minister Stalin seems to have drawn a line between his personal beliefs and those of others in the family, beginning with wife Durga Stalin, observes N Sathiya Moorthy.
The activists demanded countries withdraw from the event they have called the "Genocide Games", which they say are being used to burnish China's reputation.
There are various estimates of India's debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year.
'The most important thing is that the psychological signal it is giving to the markets and international markets,' says former finance secretary Arvind Mayaram.
'Rather than experimenting with CBDCs, we must come up with a very simple and straight design.' 'Dematerialise your currency/cash and with that dematerialised rupee allow all the transactions digitally.'
With the adoption of the UNSC resolution on Sunday, it was for the first time in 40 years that the council decided to call for an emergency special session in the General Assembly.
He said as per the US, India was a sovereign state, so "what are we then?" he asked.
In a reflection of growing bilateral ties between India and the US, External Affairs Minister S Jaishankar and US Secretary of State Antony Blinken on Wednesday held wide-ranging talks covering the situation in Afghanistan, Indo-Pacific engagements, Covid-19 response mechanism and ways to strengthen regional security.
Just a few weeks ago, Communications Minister Ashwini Vaishnaw did some tough talking with the senior managers of Bharat Sanchar Nigam Ltd, the ailing state-owned telecom service provider. The message was clear: They had to perform, quit by taking the voluntary retirement package or be compulsorily retired from service. The terse message from an otherwise polite and soft-spoken minister came just days after he announced a second and bigger package of Rs 1.64 trillion as part of a four-year turnaround plan for BSNL.
Sports bodies moved quickly to strip Russia of events,
India on Saturday released fresh maps of the newly-created Union Territories (UTs) of Jammu and Kashmir, and Ladakh and the map of India depicting these UTs.
The current question is about the BJP-ruled Centre, headed by Prime Minister Narendra Modi, like its predecessors, not arguing the Union of India's case effectively and continuously, whenever the matter came up in the past, if its case still was that Rajiv's killing was an 'act of terror', asks N Sathiya Moorthy.
