the Opposition looks to corner the Union government over issues like economic slowdown and situation in Kashmir while the Narednra Modi dispensation seeks to push through the contentious Citizenship (amendment) Bill, a key part of the Bharatiya Janata Party's ideological agenda.
But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
The RBI governor has to convert the zero-sum game with the government from a non-cooperative one -- which his two predecessors had made it -- to a cooperative one, explains T C A Srinivasa Raghavan.
The BJP MP condemned Azam Khan's disgraceful and sexist remark against her and said she would request the Speaker of the House to dismiss him.
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
Bankers need to take a call on whether they will allow technology firms to run banks or banks themselves will turn into tech firms, says Tamal Bandyopadhyay.
The Congress leadership has become stunted, it does not understand agriculture and the party is trying to mislead farmers for its own vested interests, said Union Agriculture Minister Narendra Singh Tomar.
The money generated, expected to be more than a billion dollar per annum, would be used to fund a biometric entry and exit tracking system
The unexpected interest rate hike by the RBI on Wednesday will have the banking system on average making a 10-15 bps gains on the yields, with private banks making larger gains as 57 per cent of their loans are linked to external benchmark rate and 40 per cent to the marginal cost of lending rates, as per a report. Stating that lenders and borrowers will face volatile times with the Reserve Bank raising the repo rate by 40 bps to 4.40 per cent and the cash reserve ratio (CRR) by 50 bps on May 4 in an off-cycle policy move, India Ratings said the market rates had already been moving higher before the move. The 364-day T-bills have moved up 120 bps and 10-year G-sec by 140 bps since May 2020, when the repo rate was cut to a record 4 per cent, which led to an expectation of a faster and sharper rise in interest rates in the system but the central bank stayed the course to support the fragile economy battered by the pandemic.
Sarojini Naidu, Mother Teresa or Savitribai Phule?
This after high drama in the House over what opposition charged was "intimidation" by the treasury benches to get the motion for sending the amendment to the RTI Act to the select committee rejected.
The Reserve Bank of India on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance as the economy faces heat of the second Covid wave.
Senior bankers are trying to impress upon the central bank that the shift to external benchmark-linked lending be postponed to April 1, 2020.
Banks argued that loans of most lenders are funded primarily by retail deposits and not from the wholesale market as was the practice abroad
"Features of the Bill are anti-people and anti-Constitution...it is a very dangerous act," the fiery TMC MP said.
If the interest rate on bank deposits is linked to any external benchmark, it would jeopardise the banks' fund-raising ability. Interest rates on small savings schemes are likely to be reduced very shortly, to maintain parity. All these steps would indeed affect retired people, and particularly those dependent on interest income, says Arindam Gupta.
'Investors should restrict themselves to a few category schemes with high quality portfolios apart from overnight and liquid funds.'
Depreciating the rupee against the dollar to boost economic growth has fiscal constraints and monetary limitations
Shah said nobody can stop him from introducing a resolution on Kashmir in Parliament.
Bollywood starts partying early this week!
What makes Indian abstract art more valuable is its relative rarity. V S Gaitonde, S H Raza and J Swaminathan are the only major names in modern Indian art known for their abstracts.
While the likelihood of these states going the Lanka or Greece way may be an alarming assessment, the financial situation of some states such as Punjab and West Bengal is indeed quite weak.
While seven of the suspended MPs belonged to the TMC, six were from the DMK, three from the Telangana Rashtra Samithi, two from the Communist Party of India-Marxist and one from the Communist Party of India.
Only national service can save the nation, and not politics: Modi
'We began foolishly bragging about Saudi-Emirati investment plans as indicative of the sheikhs 'distancing' from Pakistan, including on Kashmir,' notes Ambassador M K Bhadrakumar.
Joshi said the Congress is 'led by an infiltrator' and is targeting Modi who hails from a humble family and is a popular leader.
Parliament proceedings were washed out for the fourth consecutive day on Friday as the Opposition remained unrelenting on its demand for the resignation of Union Minister Sushma Swaraj and chief ministers of Rajasthan and Madhya Pradesh.
Various opposition parties like the Congress, the Trinamool Congress, the Dravida Munnetra Kazhagam, the Nationalist Congress Party, the Rashtriya Janata Dal, the Communist Party of India, and the Communist Party of India-Marxist raised vociferous protests in the upper house while opposing the resolution and the bill.
The passing of the GST bill and the failure of India to acquire NSG membership is set to rule the agenda in Parliament.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
His successful piloting of the move to strip Jammu and Kashmir of its special status is undoubtedly the highlight of his ministerial stint since the Modi 2.0 government assumed office on May 30.
With SAD member and union minister Harsimrat Kaur Badal.
The ruckus began during the procedure for the introduction of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020.
Foreign residents increased their holdings of long-term US securities in May; net purchases were $34.6 billion.
Neither India nor China will be badly affected by Grexit.
The structure of the rallies that unfold will determine if they make new highs or not, and there is scope for new highs, says Sonali Ranade
While the tax treatment does legitimise past crypto transactions, there is a possibility that any, or all, private cryptocurrencies will be banned in future.
The speaker said members should be careful in uttering words and maintain decorum so that no such incident takes place in the future.
Naidu said have shown no remorse and have instead justified their actions.
