The Reserve Bank on Wednesday increased the benchmark lending rate by 40 basis points (bps) to 4.40 per cent in a bid to contain inflation, which has remained stubbornly above the target zone of 6 per cent for the last three months. The decision follows an unscheduled meeting of the Monetary Policy Committee (MPC), with all six members unanimously voting for a rate hike while maintaining the accommodative stance. While the inflation has remained above the targetted 6 per cent since January, RBI Governor Shaktikanta Das said the inflation print in April is also likely to be high.
Preparing turf for the World Cup, being held for the first time in the Middle East, is environmentally costly. Qatar has also countered the risk of fungus and disease outbreaks with a maintenance regime involving chemical cocktails, grass mowers that vacuum debris and an underground system that sucks excess moisture, said a UEFA pitch consultant.
Andy Murray expressed sympathy for Naomi Osaka after she was rattled by a heckler
Don't recharge your phone at public outlets -- carry a power bank instead. Avoid clicking on links sent by 'friends'. If you get into an online sexual encounter with a stranger and get blackmailed, refuse to pay up.
Was it best for J K Rowling to have ended the series with Harry Potter and the Deathly Gallows?
'Such big falls are quite frequent these days, so do not try to time this market.' 'Use big dips to accumulate quality stocks.'
Surplus liquidity in the banking system as measured by absorption of excess funds by the Reserve Bank of India (RBI) fell sharply at the end of the last week due to outflows on account of advance tax payments. According to the RBI data, the net liquidity absorbed by the central bank on September 16 was at Rs 3,243.57 crore, much lower than the average of Rs 56,809.92 crore in the preceding four days of the week. The average absorption of funds by the RBI so far in September is at Rs 1.13 trillion, against the average of Rs 1.2 trillion in the previous month, the data showed.
Phone Bhoot's fizzy fuel isn't enough for feature length fun, observes Sukanya Verma. Phone Bhoot Review
President Joe Biden asked Americans to stand up to the gun lobby and urged the members of the Congress for an immediate gun control legislation.
Fascinating new offerings from beloved auteurs as well as a steady supply of remakes and biopics colour the OTT scene this week. Sukanya Verma lists her picks.
'Initially the ad-breaks were strictly adhered to: In between overs, during drinks-break and dismissal of a batsman. Then the ad time increased, and cricket became what you saw between ads,' says M P Anil Kumar.
More often than not, online chemistry has zero relation to real life chemistry, warns relationship and wellness coach Pooja Khera.
The Reserve Bank is expected to go for another rate hike of 0.40 per cent at the scheduled review of the monetary policy next week, a foreign brokerage said on Friday. The central bank's rate setting panel will follow it up with a 0.35 per cent hike in rates at the next review in August, or make it into a 0.50 per cent hike next week and a 0.25 per cent increase in August, to make the total quantum of rate hikes at 0.75 per cent, the report by Bofa Securities said. On May 4, the Reserve Bank of India (RBI) hiked rates by 0.40 per cent, and Governor Shaktikanta Das has already called a rate hike at the forthcoming review as a "no brainer" given the pressure to maintain its core mandate of inflation in the targeted band of under 6 per cent.
While debate continues over the state of the Ahmedabad pitch and whether it is suitable for Test cricket, England shot themselves in the foot before a ball was bowled by opting for a pace-heavy attack on a spinners' paradise in the third match against India.
The RBI's surprise rate hike may have been prompted by its inability to convince the government to cut excise duty on petrol and diesel and take other supply-side measures to tame runaway inflation, sources aware of the central bank's thinking said on Thursday. There has been a record Rs 10 a litre increase in petrol and diesel prices in a matter of 16 days beginning March 22, which has further fuelled the already high commodity prices. The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went completely out of hand.
The high court said "foisting extremely grave and serious penal provisions", engrafted under the UAPA, "frivolously" upon people would undermine the intent and purpose of the Parliament in enacting a law that is meant to address threats to the very existence of our nation.
Alia, Kareena wish Karan... Anushka shows off her tan... Kartik visits Varanasi...
India's Right-wing has sought to own our democracy by making itself appear the stuff of majority, and sometimes, a national ethos older than the Constitution on which our democracy is based, argues Shyam G Menon.
'I hope you're all keeping safe and not taking any risks at all.'
'I was exhausted, hungry, unshaven and despondent.' 'My mouth was full of sores due to dehydration.' 'My clothes were in tatters due to walking through bushes and sliding down thorny slopes,' Brigadier John Parshuram Dalvi wrote of his capture during the 1962 War.
Williams had signalled her intention to retire in a Vogue article in early August, saying she was "evolving away from tennis" but never confirming the U.S. Open as her final event.
A day after taking down world number one Carlos Alcaraz of Spain, Felix Auger-Aliassime booked Canada's place in the Davis Cup quarter-finals on Saturday with a 6-3, 6-4 win against Serbia's Miomir Kecmanovic in the group stage tie in Valencia.
The Welsh captain was called a "parasite" and accused of faking a back injury that kept him out of Real Madrid's humiliating loss to Barcelona
Manchester City needed a second-half penalty from striker Erling Haaland to break the resistance of a dogged Crystal Palace.
'I'm not vaccinated and I'm not planning to get vaccinated so the only good news I can have is them removing the mandated green vaccine card'
In a year of overwrought spectacles that slavishly sucked up to the audience, I found refuge in a bunch of 'mainstream' Indian films that espoused such old-fashioned values as dedication to craft, close observation and casual bravery, explains Sreehari Nair.
Concerned over inflationary pressures in the economy, the Reserve Bank of India (RBI) is bringing down surplus liquidity in the system rapidly. It has fallen to pre-Covid levels and almost 2 per cent of banks' net demand and time liabilities (NDTL). NDTL shows the difference between the sum of demand and time liabilities (deposits) of a bank (with the public or the other bank) and the deposits in the form of assets held by the other bank.
News of all that's transpired on and off the football field.
Dominic Xavier offers his take on the way Indians behave towards COVID-19 positive patients.
Equities went into a tailspin on Wednesday after the Reserve Bank surprised the market with a mid-cycle rate hike in a bid to tame soaring inflation.
Doctor G is outwardly all for women, but evidently has no interest in them, observes Sreehari Nair.
Images from Day 4 of the 2023 Australian Open, at Melbourne Park.
Every week, we bring you fascinating videos, chosen by you, through your likes.
Jennifer Aniston returns to her news anchor duties, Akshay Kumar saves the day and 456 South Koreans fight to the finish in a bloody game of survival. Sukanya Verma suggests everything you can catch on OTT this week.
Immigration Minister Alex Hawke is weighing exercising his discretionary powers to revoke Djokovic's visa
Australian maverick Nick Kyrgios withdrew from the French Open on Friday, according to tournament officials, robbing the Grand Slam event of some guaranteed fireworks.
The strong response for the IPOs, however, has shifted liquidity away from the secondary markets, with the benchmark Sensex falling 1.3 per cent in the previous two trading sessions.
As we celebrate Dr Babasaheb Ambedkar's birthday on April 14, Subhash K Jha picks 5 fine films based on inequality and the caste system.
Although it does not take the same approach as its American counterpart -- which had a lot of suspense -- Parineeti's slow and articulated narration makes it fester like a bad wound, observes Moumita Bhattacharjee.
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