The RBI's mistake may have been in interpreting its mandate to maintain retail inflation at 4%, with 2% leeway in either direction, as being a mandate that permitted it to do nothing even when inflation was at or near the upper bound of 6%, observes T N Ninan.
The Reserve Bank is likely to maintain status quo on interest rates in its forthcoming monetary policy review but may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the ongoing Russia-Ukraine war, and the urgency to protect and boost growth, feel experts. The RBI governor-headed rate setting panel -- Monetary Policy Committee (MPC) -- will be holding its first meeting of the 2022-23 fiscal from April 6 to 8. The outcome will be announced on April 8.
Ex-mill sugar prices have remained steady in the range of Rs 3,250-3,350 per quintal in north India and at Rs 3,100-3,250 per quintal in the south India.
'When we look at the quality of our retail loan book, the non-performing asset percentage is low.'
With this India will continue to retain the position of being the fastest growing emerging economy. And by 2021, its growth rate is projected to be 1.5 per cent more than China's 6 per cent.
'A rag-tag coalition is more insecure and hence, more inclined to reform,' argues Devangshu Datta.
The mega corridor, whose foundation stone was laid by Modi on March 8, 2019, connects the main temple with Lalita Ghat via a corridor, and grand gateways and ornamental arches have been built in heritage architecture style in four directions, facing the ancient temple at its core.
Sector regulator Trai on Tuesday directed telecom operators to "immediately" enable port out SMS facility for all mobile users requiring it, irrespective of value of their tariff offer, vouchers, or plans they have opted for. Trai's stern missive on smooth network portability, assumes significance as Reliance Jio had recently written to the regulator complaining that the new tariff structure of Vodafone Idea (VIL) allegedly restricts entry-level customers to port out their mobile number from its network. Telecom Regulatory Authority of India (TRAI) has taken a strong note of telecom service companies not providing outgoing SMS facility in certain prepaid vouchers.
With rising petrol and diesel prices driving up demand for its CNG vehicles, the country's largest carmaker Maruti Suzuki India plans to widen its CNG portfolio by offering the fuel option in four more models 'very shortly', according to a senior company official. The company, which plans to launch an electric vehicle (EV) in the Indian market by 2025, is also currently keeping a close watch on the country's EV ecosystem "to find out what is the best way of evolution" to be able to offer affordable EVs with hassle free charging infrastructure in order to clock high volumes for a sustainable business.
An infographic showing the mortality per 1,00,000 population figures for four of India's deadliest diseases as reported by the World Health Organisation.
Sebi on Monday barred Franklin Templeton AMC from launching any new debt scheme for two years and fined it Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees to the tune of Rs 512 crore, including interest, collected with respect to the six debt schemes, Sebi said in its 100-page order. In a separate order, the regulator has barred Vivek Kudva, former head of Asia Pacific (APAC) for Franklin Templeton, and his wife Roopa from the securities market for one year for redeeming units of Franklin Templeton MF schemes while in possession of non-public information.
The asset quality of non-banking financial companies (NBFCs) deteriorated in April-September 2021 (H1FY22) owing to the second wave of the pandemic. Their gross non-performing assets (NPAs) rose to 6.8 per cent in September 2021 from 6 per cent in March 2021. The Reserve Bank of India's (RBI's) annual Trend and Progress report (FY21) said the sector might have to grapple with higher delinquencies as and when policy measures unwound. The pandemic posed significant challenges to NBFCs during the first wave (2020) also.
'Chinese soldiers don't have much experience of fighting in these kinds of areas and operating in this kind of terrain'
Thinning out of the counter infiltration and counter terrorism grid is fraught with the danger of revival of terrorism in the Poonch-Rajouri area, cautions Brigadier Narender Kumar (retd), the counter-insurgency expert.
State capital Lucknow shuddered at 0.7 degrees Celsius, while Bahraich recorded a low of 0.2 degrees Celsius.
The plea involves 'egregious violation of Vienna Convention on Consular Relations 1963 by Pakistan.'
The Rashtriya Swayamsevak Sangh is likely to discuss and pass a resolution on the recent attacks on Hindus in Bangladesh during its three-day all India executive committee meeting in Dharwad, Karnataka from October 28, an RSS functionary said on Tuesday.
"It is heartening to see us, common people, being acknowledged. 'Achha lag raha hai'," Ram Chand Kumar, a mason who hails from Bihar and has been working on the site for the last 5-6 months, hailed the prime minister's gesture.
Trump's visit symbolised heightened partisanship and a return to chemistry between leaders defining bilateral ties, notes Kashish Parpiani.
They say that a stimulus package may not be necessary because, unlike last year's total lockdown, public transport, including the railways and airlines, is running and the restrictions on movement are localised and, in some cases, are partial rather than total.
Addressing the daily press briefing on the actions taken, preparedness and updates on COVID-19, Joint Secretary in the Ministry of Health Lav Agarwal said 92 new cases and four deaths due to coronavirus have been reported in India since Sunday, taking total cases to 1,071 and the number of deaths to 29.
'You should raise your voice even at the cost of being called a deshdrohi. 'This country is built because of the raising of voices of the people and no one can silence such voices,' says Kannan Gopinathan who resigned from the IAS to protest against revocation of Article 370 in Kashmir.
'The finance minister said, the MSME is the backbone of the economy. My question is, what have you done for the sector?'
Bharat Kumar, who is a gold medalist in World Games, a silver medalist in the World Championship for India, has been forced to wash cars of others to earn his living
StanChart starts retrenching staff in India.
Mere shuffling of resources or cosmetic changes to prove a point would be counterproductive in the long run, observes Commodore Venugoptal Menon (retd).
'It doesn't get any easier though against India but it's their first game and our third, so maybe that could give us the edge we need'
Voting for the seventh and final phase of the Uttar Pradesh assembly elections covering 54 seats, including Prime Minister Narendra Modi's parliamentary constituency Varanasi, will be held on Monday to decide the phase of 613 candidates.
'Give cash assistance of Rs 75 per person per day and an android phone and you will see the economy reviving.'
In another 2-3 weeks, coronavirus will chariot India to overtake the United States. In March, Modi had exhorted the nation to celebrate India's impending success over the virus by clanging metal plates. Make no mistake, India is losing this momentous war under his captaincy, notes Ambassador M K Bhadrakumar.
While the ratio determines the extent to which the government is able to finance its expenditure, it is also an indicator of tax compliance. Developed countries have a higher contribution of tax to their GDP.
'Our strategy should be to 'hold the line' in the north on the Sino-Indian land frontier, but maintain and, if possible, enlarge India's current edge in the maritime south.'
India retained its number-one ranking on the MRF Tyres ICC Test Team Rankings following the annual update in which series results from 2013-14 are no longer included and outcomes from the 2015-16 series are weighted at 50 per cent.
Data for the four largest emerging economies showed contrasting activity trends in November. China registered growth for the seventh month running, while India posted the fastest growth since June.
A series of steps taken by the government to promote ease of doing business and liberalisation of foreign direct investment norms have helped India receive record FDI inflows so far this year, and implementation of measures like PM Gati Shakti, single window clearance and GIS-mapped land bank are expected to further push investments in 2022. Notwithstanding the global slowdown and the COVID-19 pandemic, total foreign direct investments into India rose to a record $81.72 billion in 2020-21. During April-July this fiscal, FDI (foreign direct investment) into the country increased by 62 per cent to $27.37 billion.
In an order dismissing the bail plea of a man accused of cow slaughter, Justice Shekhar Kumar Yadav of the Allahabad High Court also said that 'Panchgavya' prepared using cow's milk, curd, ghee, urine and dung helps in treating several incurable diseases.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
In the endlessly entertaining and absorbing soap opera that is India-Sri Lanka relations, wait for the next episode, Aditi Phadnis reports.
As some BJP pollsters concede, the Modi leadership's sweeping success in elections 2019, especially across central India, owed not to Hindutva ideology, but to welfare schemes, all of them borrowed from Tamil Nadu, reveals N Sathiya Moorthy.
Karun Nair and KC Cariappa are back in the Royals camp for IPL 2022 and are looking forward to contributing to the team's success
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