Chopping of trees started on Friday night, hours after the Bombay High Court dismissed petitions challenging Tree Authority's decision to axe trees in Aarey to make way for the rake depot.
Uncertainty is emerging as the only certainty, said RBI Governor Shaktikanta Das as he emphasised on continued policy support at the December MPC meet during which members expressed concerns over spread of the Omicron variant of coronavirus, as per the minutes of the rate-setting panel released on Wednesday. After three days of deliberations, the six members of the Monetary Policy Committee (MPC) on December 8 unanimously voted for status quo on policy rates for the ninth consecutive time. At the meeting, the RBI Governor said risks stalking the global economy have amplified with rapid spread of the virus mutations, including the Omicron variant, leading to countries scrambling for restrictions.
The Reserve Bank's rate setting panel on Thursday met to finalise a report for the government on why it failed to keep retail inflation below the target of 6 per cent for three consecutive quarters since January this year, said sources. The report will be presented to the government as per the Reserve Bank of India Act, they added. The six-member Monetary Policy Committee (MPC) is headed by Governor Shaktikanta Das.
All members of the Monetary Policy Committee (MPC) -- Shashanka Bhide, Ashima Goyal, Jayanth R Varma, Mridul K Saggar, Michael Debabrata Patra and Shaktikanta Das -- had unanimously voted to keep the policy repo rate unchanged at 4 per cent after the three-day meet of the panel earlier this month. Further, except Varma, other members voted to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward. Varma expressed reservations on this part of the MPC resolution, according to the minutes.
Rashmi Shukla's testimony comes as a revelation because the proceedings of the Elgar Parishad form the basis of the Bhima Koregaon case which has become an international cause celebre.
A wing of the building, located in Kurla, collapsed around midnight, officials said, adding that its another wing was also likely to crash and was vacated.
The members of the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) voiced different views on the interest rate and stance, with two of them indicating they may not vote for further rate increases even if Governor Shaktikanta Das and Deputy Governor Michael Patra maintain bringing down inflation as their primary objective, the minutes of the December review of the monetary policy showed. The other two members remained neutral. The MPC increased the policy repo rate by 35 basis points (bps) - which was lower than the previous three hikes of 50 bps. The repo rate has been hiked by 225 bps to 6.25 per cent since May this year.
No report of the violence was sent by Mumbai's police commissioner to the government. Why was the violence then considered serious enough to be included in the Terms of Reference? Was it a balancing act to counter the accusations that were then being made against Hindutva leaders Sambhaji Bhide and Milind Ekbote?
The former BJP corporator was named by a villager in a police complaint made three days before the January 1, 2018 violence at Bhima Koregaon. Yet, the police did not include his name in the FIR.
The term "urban Naxal" was used by the Pune Police probing the alleged links between the Elgar Parishad conclave of December 31, 2017 and the caste clashes around Koregaon Bhima in Pune district the next day.
The Mumbai Metro Rail Corporation Limited (MMRCL) on Tuesday launched the trial run of the Colaba-Bandra-SEEPZ Metro line-3 at Sariput Nagar in Aarey Colony in Mumbai.
'Isn't it tragic, comic as well as ironic that the people who owe their allegiance to the Constitution of India are declared deshdrohis without an iota of evidence?' 'But this mistake has to be corrected and those who actually and directly fomented the Bhima Koregaon riots and the masterminds behind these people will have to be exposed now.'
The Reserve Bank will hold a special meeting of its rate-setting committee on November 3 to prepare a report for the government on why it failed to keep retail inflation below the target of 6 per cent for three consecutive quarters since January. The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will prepare the report on reasons for failure to meet the inflation target as well as the remedial measures the central bank is taking to bring down prices in the country. "Under the provisions of Section 45ZN of the Reserve Bank of India (RBI) Act 1934... an additional meeting of the MPC is being scheduled on November 3, 2022," RBI said in a statement on Thursday.
For four days, the officer avoided giving any straight answers, becoming the first witness in the 48 witnesses that have appeared so far, to have achieved this feat.
The uncertainty created by the jump in COVID-19 infections and localised lockdowns prompted RBI Governor Shaktikanta Das and other members of the rating setting panel MPC to unanimously vote for status quo in interest rates and an accommodative policy stance to support growth, as per minutes of the meeting released on Thursday. "The need of the hour is to effectively secure the economic recovery underway so that it becomes broad-based and durable," the Governor said during the three-day meeting of the Monetary Policy Committee (MPC) which ended on April 7. The renewed jump in COVID-19 infections in several parts of the country and the associated localised and regional lockdowns add uncertainty to the growth outlook, he observed, as per the minutes of the meeting released by the central bank.
Reserve Bank Governor Shaktikanta Das has pitched for policy support from all sides -- fiscal, monetary and sectoral -- to nurture recovery of the economy hit by the second wave of the coronavirus pandemic. The dent on economic activity due to the second wave of the pandemic during April-May necessitated continuation of monetary measures to support the process of economic recovery to make it durable, Das had said while participating in the meeting of the Monetary Policy Committee (MPC) earlier in the month. "Overall, the second wave of COVID-19 has altered the near-term outlook, and policy support from all sides - fiscal, monetary and sectoral - is required to nurture recovery and expedite return to normalcy," Das said, as per the minutes of the meeting released on Friday.
The government on Monday appointed three eminent economists Ashima Goyal, Jayanth R Varma and Shankanka Bhide as members of the rate-setting Monetary Policy Committee of the RBI
MMRC Managing Director Ashwini Bhide, in a series of tweets, said the activists should accept their defeat in the court "honorably".
Most members of the monetary policy committee (MPC) argued for front-loading interest rate hikes in view of rapidly rising inflation during the off-cycle monetary policy review earlier this month - the minutes of the meeting published on Wednesday showed. In early May, the rate setting committee met unscheduled and unanimously decided to hike the repo rate by 40 bps. This was the first repo rate hike in four years, and an inter-meeting hike in more than a decade.
The foundation of the Bhima Koregaon case was blown to bits by a senior policeman, reports Jyoti Punwani.
From being someone who feared travelling by Mumbai's suburban trains to heading the project that may change the way the city commutes, Ashwini Bhide has come a long way.
'If on the next date of hearing we are informed that there have been more deaths of children due to malnutrition, then we will hold the principal secretary of the state public health department responsible. The public health department secretary has to rise to the occasion,' the Bombay HC warned Maharashtra government
Apart from Sharad Pawar, the commission will also record the evidence of the then superintendent of police (Pune Rural) Suvez Haq, then additional SP, Sandip Pakhale and the then additional commissioner, Pune, Ravindra Sengaonkar, between February 21 and February 25.
The Reserve Bank remains laser-focused to bring back retail inflation to 4 per cent over a period of time in a non-disruptive manner, Governor Shaktikanta Das stressed while voting for status quo in interest rates, as per minutes of the October policy meeting released on Friday. The central bank has been mandated by the government to ensure the Consumer Price Index (CPI) based inflation is at 4 per cent, with a band of 2 per cent on either side. The retail inflation, which was above 6 per cent during May and June, has started moving down and stood at 4.35 per cent in September.
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.
'This shows how casually these officials approached a dispute simmering for years which finally erupted into violence.'
'They have realised that class war is not possible in India, so they are trying to bring about a caste war.'
Pawar recorded his testimony before the commission in Mumbai in connection with the January 2018 violence at the Koregaon Bhima war memorial in Pune district of Maharashtra.
Professor Avkash Jadhav, head of the history department at St Xavier's College and trustee of the city-based KAASH Foundation, said a Special Investigation Team should be set up to inspect the site where trees were cut and ascertain the actual damage done.
We invited you to share your favourite wedding pics -- here's a fresh set of responses.
Amid prolonged uncertainty, continued policy support will be crucial for sustained economic recovery from the coronavirus pandemic, Reserve Bank Governor Shaktikanta Das said at the recent meeting of the Monetary Policy Committee. "In this period of prolonged uncertainty, it would be wise to remain agile and respond in a gradual, calibrated and well telegraphed manner to the emerging challenges," opined Das, according to the minutes of the MPC meeting released by the Reserve Bank on Thursday. Observing that economic recovery from the pandemic remains incomplete and uneven, he said, "continued support from various policies remains crucial for a sustained recovery." The governor said the renewed surge in international crude oil prices, however, requires close monitoring.
>Legends from music, drama, art and social work were felicitated at the Master Deenanath Mangeshkar Smruti Pratishthan awards on Wednesday, April 24, night.
>Legends from music, drama, art and social work were felicitated at the Master Deenanath Mangeshkar Smruti Pratishthan awards on Wednesday, April 24, night.
In an online chat with readers on December 27, Naveenan Ramachandran and Abhishek Bhide, experts, 4GMAT addressed queries on preparing for GMAT and offered advice on how to pursue an MBA abroad.
'By transferring the case to the NIA without the Maharashtra government's consent clearly indicates they want to play mischief.'
'These charges of the prosecution will fall to the ground and I am 100 per cent sure of that.'
Setting short term goals and helping them achieve those, reinforces self-confidence, and builds hope, ultimately helping them come out of the dark phase.
The Dalit leader alleged that the 'false' FIR is the brainchild of the RSS and the BJP.
Yamini has superpowers that help her intercept souls headed to heaven or the afterworld or for reincarnation and spirits them away, on another course, to those in need.
This senior cop who deposed in such detail about the Elgar Parishad, however, claimed to know nothing about the opposition to it from organisations such as Milind Ekbote's Samastha Hindu Aghadi as well as Pune's then Mayor Mukta Tilak.
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