The Reserve Bank's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation, in line with similar actions taken by other major central banks, including the US Fed. Based on the recommendations of the Monetary Policy Committee (MPC), the RBI had effected 50 basis points increase in repo rate each in June and August after raising the short-term lending rate by 40 basis points in an off-cycle decision in May. The MPC, headed by RBI Governor Shaktikanta Das, is scheduled to meet during September 28-30.
I suggest we build a Vigyan Mandir (Temple of Science) with the ambience of a place of worship, so that it becomes a destination for pilgrims. We should embed on its walls bronze plaques describing each scientist mentioned here along with about a dozen of our ancient mathematicians, recommends Professor Kalyan Singhal, historian of science and technology.
The Madras high court on Thursday convicted a well-known Youtuber, A Sankar alias 'Savukku' Sankar, for criminal contempt and sentenced him to six months' imprisonment.
Rediff readers tell us where they're holidaying.
Addressing an online question and answer session, WHO's chief scientist Soumya Swaminathan said there would be at least one effective vaccine by 2021 but it would be available 'only in limited quantities'. "Most people agree, it's starting with healthcare workers, and frontline workers, but even there, you need to define which of them are at highest risk, and then the elderly, and so on," Swaminathan said on prioritising who gets the vaccine first.
State-run lenders will take a lead in creation of the bad bank, but the sick asset resolution platform needs the support of private banks and other lenders to be successful, State Bank of India managing director Swaminathan J said on Thursday. If all lenders come on board, the National Asset Reconstruction Company (NARC) announced in the budget will be able to aggregate 100 per cent of a sick company's outstanding loans, which shall ultimately lead to better resolution of the asset quality stress for all. The government is yet to announce the specific contours of the NARC or the bad bank and has also only said that it is willing to provide some sovereign guarantee to help the platform.
'For a responsible person like him to utter such nonsense is shameful.' 'He is not fit to be a director on the RBI central board.'
The farmers' union had been camping at the Dalit Prerna Sthal since December 2, demanding withdrawal of the three new farm laws, legalisation of minimum support price (MSP) for crops and implementation of the recommendation of Swaminathan Committee's report.
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
'With the largest number of malnourished people on the planet, India is poised to be a nation that significantly under-performs as an economy.'
The Delhi Police later said they detained AAP MP Bhagwant Mann and over a hundred protesting workers after 'they started getting agitated'. Addressing his party workers from Punjab at the protest, Kejriwal said the AAP has a very clear stance on the farm laws.
The Indian teams made winning starts in the Open and women's sections of the 44th Chess Olympiad in Chennai on Friday.
Justice GR Swaminathan of the HC bench in Madurai noted that Tamil Nadu was a land of temples where the shrines have played a central role in our culture.
Her inclusion in the Modi's team is significant ahead of the Uttar Pradesh assembly elections next year and the Lok Sabha polls in 2024 as the Other Backward Classes have a sizeable number of voters in the key Purvanchal region.
Shiv Sena has said it would recommend eminent agriculture scientist M S Swaminathan's name for the highest post.
As India launches the world's most ambitious and biggest vaccination drive against COVID-19, the country will encounter the formidable challenge of rapidly scaling up distribution of the vaccines to secure immunity for its entire population, two prominent Indian scientists at World Health Organisation have said.
The Centre on Friday said that no farmer died due to police action during the year-long protests by farmers.
IT major Infosys and Microsoft have entered into a multi-year strategic engagement with Ausgrid to accelerate the cloud transformation of the largest electricity distributor on Australia's east coast. This programme will further Ausgrid's vision to connect communities and empower lives with a focus on affordability, reliability and sustainability, Infosys said in a regulatory filing on Monday. "With over 4 million Australians relying on our services every day, it is essential we are maintaining our high standard of reliability and connectivity, as well as delivering on the expectations of Australian communities," Nick Crowe, acting CIO at Ausgrid, said.
A technical advisory group of the World Health Organisation was on Tuesday reviewing data on Covaxin for the emergency use listing of India's indigenously-made vaccine and it could pronounce its decision within the next 24 hours or so, a spokesperson said.
A technology has been developed in Maharashtra for using paddy straw as animal feed
India will be fielding three teams each in the Open and women's sections respectively.
Party insiders concede statements of the Raja kind have the potential to hurt the DMK's electoral chances in closely-fought seats in 2024, observes N Sathiya Moorthy.
Chess player Soumya Swaminathan has been left a bit shaken by the storm triggered by her pullout from a tournament in Iran over the issue of compulsory headscarf but remains firm in her belief that religious diktats should not extend beyond places of worship.
Minesweepers are small naval warships that detect and destroy underwater mines and are considered vital for keeping the critical sea lanes safe for movement of essential cargo, including crude oil.
The Madras high court bench in Madurai on Monday directed transferring the probe into the death by suicide of a 17-year-old girl, allegedly coerced to convert to Christianity, to the Central Bureau of Investigation.
Banks are set to sell dud-loans worth Rs 90,000 crore of 22 firms in the first tranche to the National Asset Reconstruction Company (NARCL). It's reason for cheer given that such sales to asset reconstruction companies (ARCs) have been poor in recent times. In fiscal 2020, their assets under management (AUM) contracted by 4 per cent; and in fiscal 2021, it fell by another 100 basis points to Rs 1.07 trillion. So, why are we where we are?
Farmers from various parts of the country are protesting at Delhi borders against the three farm laws brought by the Centre, alleging that the legislations will hamper farming.
Arjun has played in the T20 Mumbai League after he was picked up for Rs 5 lakh.
Political parties, agriculture experts and progressive farmers demanded such agri reforms for long, he said and attacked the opposition for misleading cultivators on the issue of MSP (minimum support price) and APMCs.
Today, public policy projects itself as pro-farmer but it does it half-heartedly, complains Swaminathan.
Dr M S Swaminathan, who was among the scientists instrumental in heralding India's Green Revolution, will be conferred with an honourary degree by the University of Alberta, Edmonton, on October 7.
A new sub-lineage BA.2.75 of the Omicron variant of the coronavirus has been detected in countries like India and the World Health Organisation is following this, Director-General Tedros Adhanom Ghebreyesus said.
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.
Former Dravida Munnetra Kazhagam minister M P Swaminathan was on Monday arrested at Tirupur near Coimbatore in connection with a land grabbing case, police said.
The global health agency also emphasized that it must evaluate a vaccine thoroughly to make sure it is "safe and effective".
The Tamil Nadu government on Friday announced Tamil Thaai Vaazhthu, an invocation sung in praise of mother Tamil, as the state anthem and directed that all present during its rendition should remain standing.
FDi helps a tiny minority in our country, says Hema Swaminathan, Assistant Professor, Centre for Public Policy, Indian Institute of Management-Bangalore.
The body of a 28-year-old Indian construction worker, who died in a crane collapse accident in Singapore on Monday, is being flown back to Tamil Nadu where his wife, pregnant with their first child, and parents await.
AWESOME!!! AMAZING!!!! INCREDIBLE!!!!! Rediff.com's Prasanna D Zore exclaims when he encounters the INS Vikramaditya, India's majestic aircraft carrier.
"The government is just giving empty promises due to which I do not have any trust left (in the government)... Let's see, what action the Centre takes on my demands. They have sought time for a month, so I have given them time till January-end. If my demands are not met, I will resume my huger strike protest. This would be my last protest," the 83-year-old said.
