The panel will also recommend a fiscal consolidation road map for the central and state governments, study the impact of GST on the divisible pool, and propose performance-based incentives for states.
Members of the Monetary Policy Committee (MPC) felt that though the Indian economy was resilient in the third wave, it, however, lost some momentum and with inflation likely to soften, there is room to continue with the accommodative stance and support revival, the minutes of the MPC meeting released on Thursday revealed. The six-member MPC voted to keep the policy rate unchanged and continued with the accommodative stance at its meeting on February 10. However, external member Jayanth Verma voted against the stance because he felt a switch to neutral was long overdue and the current stance has become counterproductive and deflects focus away from addressing recessionary trends that date back to at least 2019.
Less than a week after FIFA set up a task force to look into when the 2022 World Cup finals in Qatar can be held, English FA chairman Greg Dyke said it will never take place in the searing heat of the Middle East summer.
Sepp Blatter sat through the day-long proceedings as a guest and had to endure some stinging criticism from his challengers for the FIFA presidency who were invited to make presentations to delegates.
The ED will probe if there were alleged irregularities in the formulation and execution of the Delhi Excise Policy unveiled in November last year.
The Genetic Engineering Appraisal Committee (GEAC) has recommended the environmental release of the genetically modified (GM) mustard variety DMH (Dhara Mustard Hybrid)-11, paving the way for the commercialisation of the country's first GM food crop. The GEAC said the recommendation was valid for four years from the date the approval letter was issued. Further studies and coordinated trials will have to be conducted jointly with the Indian Council of Agriculture Research (ICAR) within two years, according to the minutes of the GEAC meeting held on October 18, which was released on Wednesday.
In a major breakthrough in China's worst terrorist attack at the Kunming railway station, police on Monday captured three militants from the restive Xinjiang province who fled the scene of slashing rampage that killed 33 people and injured 143 others.
Defence Minister Rajnath Singh on Monday urged dialogue between the protesting farmers and the Centre while addressing a meeting of Bharatiya Janata Party office-bearers, during which he also invoked the border clashes with China and the construction of the Ram temple.
The All India Football Federation on Thursday said the I-League clubs have agreed to the concurrent running of two leagues this season, a development which will set to rest the uncertainty prevalent in the domestic circuit at least for this year.
As well as UEFA, the continental confederations representing South America (Conmebol), North and Central America and the Caribbean (CONCACAF), and Asia (AFC) have all reportedly told Platini they would back his candidacy for FIFA president. The other two confederations are Africa's CAF and Oceania's OFC.
A summary of sports events and persons who made news on Thursday
In Australia, Warner said cricketers do not have many options apart from training in their home states as of now.
'All of them had at least 2 negative tests before arrival'
The rot is is not limited to Chitra Ramkrishna and the yogi, observed Debashis Basu.
Public sector lender Punjab National Bank (PNB) has moved the Insolvency appellate tribunal NCLAT against the approval of bids for defunct airline Jet Airways. The National Company Law Appellate Tribunal (NCLAT) bench has issued a notice over the PNB's petition along with its interim plea seeking a stay over the execution of the resolution plan. A three-member bench has directed the Resolution Professional of Jet Airways along with other parties including the Committee of Creditors to file a reply within two weeks and rejoinder, if by PNB, within one week.
India has been relatively insulated from the severe headwinds in the West. However, with a third of the global economy expected to slip into recession in calendar year 2023, the impact will strongly be felt on India's exports and trade economy, leading economists said in a panel discussion at the Business Standard BFSI Insight Summit in Mumbai on Wednesday. The panel comprised former Reserve Bank of India executive director and former Monetary Policy Committee member Mridul Saggar, State Bank of India Chief Economic Advisor Soumya Kanti Ghosh, Citibank India Chief Economist Samiran Chakraborty, ICRA Chief Economist Aditi Nayar, and IndusInd Bank Chief Economist Gaurav Kapoor. The topic of the panel discussion was No recession in sight: Is India decoupled from developed economies?
The Supreme Court on Monday awarded a four-month sentence to fugitive businessman Vijay Mallya, accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case.
Boxing India president Sandeep Jajodia and Secretary General Jay Kowli are set to be ousted through a No Confidence Motion.
'I am ready to work for the good of athletics at every level. I understand the challenges that athletics faces and the opportunities on a national, regional and international level that we have'
After the initial release of funds, the central government follows certain rules and guidelines before awarding the final aid to any state for a natural calamity.
It was not a one-way ride up though for the man who now could potentially become the BJP's national president over time.
Varun, by remaining silent on the BJP action against him but at the same time remaining unperturbed and active, has shown that he is no pushover, observe Sunil Gatade and Venkatesh Kesari.
Sisodia said the growing enthusiasm among the people of Gujarat in supporting the AAP in Gujarat was the reason behind the CBI action against him.
In addition to supporting the president-elect, Klain will work to build a diverse, experienced and talented team to help President-elect Biden and Vice President-elect Kamala Harris meet the urgent challenges facing the country, a media release said.
Representatives of several bodies visited the office of NSO to assess the allegations raised in regards to the company on Wednesday, a spokesperson for Israel's Ministry of Defence said.
According to an official statement, the Facebook official has been summoned based on 'scathing depositions of key witnesses as well as incriminating material' submitted by them on record.
Veteran administrator Niranjan Shah, who has ruled Saurashtra cricket for over four decades, says he is as good as out of the state body post the Supreme Court's latest order on the implementation of Lodha reforms in Indian cricket. Speaking to PTI, Shah said there is no need for him to resign as secretary of the Saurashtra Cricket Association (SCA) with Lodha recommendation making him ineligible to hold any post in cricket administration. Among other recommendations, Lodha panel has put an age cap of 70 years for the officer-bearers in the BCCI as well its state associations. Shah is 72 years old.
The BJP continuing to look at the Dravidian polity through the religious prism has not worked in Tamil Nadu whereas it has yielded political and electoral results across much of the rest of the country, observes N Sathiya Moorthy.
'We need to encourage the next generation of farmers to continue in farming'
"NSO is a private company, it is not a governmental project and therefore even if it is designated, it has nothing to do with the policies of the Israeli government," Israel's Foreign Minister, Yair Lapid, said at a joint press conference with Prime Minister Naftali Bennett and Finance Minister Avigdor Lieberman at the Prime Minister's Office on Saturday evening.
'I would recommend two parts to fiscal support. One, support the lower end of the society by direct intervention through ways such as direct benefit cash transfer. Second, give fiscal support to the stressed sectors in line with the Rs 3-lakh crore (Rs 3 trillion) emergency credit line guarantee norms'
There are four first information reports against Saradha Group in which it is alleged that thousands of investors were allegedly duped by the company officials and their associates who swindled their deposits.
"You cannot have a lockdown of people, and a lockout of the economy. That is not the way to formulate policy. We are not criticising, we are only saying it is time to rethink, we will support the government in every possible way," said Kapil Sibal.
Summary of sports events and persons who made news on Friday
Stalin's remarks come at a time when Azhagiri has raised a banner of revolt.
Nieva said boxers in all the five Olympic categories for women will be picked after selection bouts over two days.
They shouted slogans against the signboard when the airport is named after Chhatrapati Shivaji Maharaj.
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."
News of all that's transpired on and off the football field
The government further defended its move to introduce fixed-term employment, insisting that the present system of hiring workers through contractors is exploitative.
