With inflation under control, the Monetary Policy Committee's (MPC's) job is to support growth because the economy had recovered well from the lows in the initial months of the pandemic, according to the panel's members, who met in the first week of this month. The minutes of the meeting show the Reserve Bank of India (RBI) governor in his statement said: "Given the sharp moderation in inflation along with a stable near-term outlook, monetary policy needs to continue with the accommodative stance to ensure that the recovery gains greater traction and becomes broad-based." Ashima Goyal, external member of the MPC, said: "The current macroeconomic configuration and its expected future evolution imply there is space for the MPC to continue to support the revival of the economy with inflation remaining in the target band."
No vaccination against Covid-19 will be held in Mumbai for the next three days as the existing stock of doses has been exhausted, the Brihanmumbai Municipal Corporation (BMC) said on Thursday evening.
'He is posting that someone who took the metro (during a medical emergency) got saved.' 'Let him try doing the same. He cannot peddle nonsense just because he is a star.'
The Maharashtra government on Tuesday moved the Supreme Court challenging the Bombay high court order directing the Central Bureau of Investigation to conduct a preliminary inquiry within 15 days into the allegations of corruption and misconduct levelled by former Mumbai police commissioner Param Bir Singh against ex-Home Minister Anil Deshmukh.
The Bombay HC on Monday directed the Central Bureau of Investigation to conduct a preliminary inquiry within 15 days into allegations of corruption and misconduct made by former Mumbai police chief Param Bir Singh against Maharashtra Home Minister Anil Deshmukh.
On July 31, one of the five shortlisted companies, IRB Infrastructure, had said it would not bid for MTHL.
'We are known political activists, so the police put our names in.'
The meterological department has predicted that rain accompanied by thundersquall is likely to lash the metropolis and its suburbs during the next 24 hours.
'Was he afraid that his answers during cross-examination would land him in trouble under the new ruling dispensation?'
Action should be taken against those arrested for alleged Naxal links if there was evidence, he said.
Reader Amol Bhide has sent us this photograph of the star.
Sharad Pawar claims he is not in a position to name the organisations behind the violence at Bhima Koregaon, 'though active role of right-wing forces behind the violence cannot be ruled out.'
The centre is working towards gradually bringing down the import content in the defence sector.
Kabir Kala Manch activists had allegedly made provocative speeches leading to violence at Koregaon Bhima in the district, according to an FIR registered at Vishrambaug police station after the event.
It is important to know what you are getting into.
Do Uddhav Thackeray, Aditya Thackeray, Sanjay Raut, and Sharad Pawar want the deaths of the Bhima Koregaon accused to be associated with their regime? asks Jyoti Punwani.
'Such a serious threat -- to assassinate the prime minister of India, no less -- was not handed over to the Maharashtra Anti Terrorist Squad for investigation, but to the Pune crime branch.' 'So much for seriousness in tackling such a grave issue,' says N Suresh.
Forget the US and the UK, Naveenan Ramachandran and Abhishek Bhide, mentors, 4GMAT, Mumbai tell us why these nations offer the best for international MBA aspirants.
Maharashtra Home Minister Anil Deshmukh resigned on Monday after the Bombay high court ordered a Central Bureau of Investigation probe into the allegations of extortion against him by former Mumbai police commissioner Param Bir Singh.
In an online chat with readers on December 6, Naveenan Ramachandran and Abhishek Bhide addressed reader queries related to pursuing an MBA abroad.
The protesters blocked roads in several areas of Mumbai, forced shops to shut down.
'The Dalits have always asserted themselves, but there has never been any gain for Dalits.' 'But now the most significant thing that has emerged, and which has got all the political parties in denial mode, is the assertion of smaller OBCs along with the Dalits.' 'I accept that the Dalits by themselves are not in a position to make a Mumbai bandh successful.' 'It was only because of the participation of the smaller OBCs that the bandh has become a success.'
=The video also confirms what initial investigations by the media into the Bhima Koregaon violence had found -- that it was a fallout of a Dalit-Maratha dispute in Vudu Budruk village.
The Reserve Bank of India (RBI) on Friday decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying rate cuts in the future if need arises to support the economy hit by the Covid-19 pandemic.
Chief Minister Devendra Fadnavis should resign as the term of the existing assembly is ending (on November 9), the Sena spokesman said.
Former India captain Col. Balbir Singh and Arjuna awardee Sita Gusain Mehta have been retained in the newly-constituted 10-member selection committee announced by Hockey India, in Delhi, on Wednesday. Apart from Balbir and Sita, none of their former colleagues -- BP Govinda, Muneer Sait and Arjuna awardee Madhu Yadav -- found a place in the new panel, which has three female representatives in Rekha Bhide, Rajbir Kaur and Sita.
Mitra will take over from P V Bhide after January 31.
In the fray are revenue secretary P V Bhide, transport secretary Brahm Dutt and IDBI Bank chairman Yogesh Agarwal. In addition, Devashish Gupta, a Jharkhand cadre IAS officer and West Bengal cadre officer Anil Verma were also in the contention, sources familiar with the selection process said.
Industry lobbies have begun pre-budget consultations with the Union finance ministry for 2010-11.
'In what must go down as one of the most nonchalant remarks by the head of any hospital, J J Hospital Dean Dr Ranjit Mankeshwar said: 'We do not know where the staff was, but he did not suffer serious wounds'.'
If the Bhima Koregaon commission is terminated before completing its work, the people affected by the violence 'would feel cheated'.
The United Progressive Alliance government had slashed excise duty by four percentage points across the board and service tax by two percentage points in stimulus packages of December and January to limit the impact of global downturn on the Indian economy. Excise duty in the 8-10 per cent slab is levied on most industrial goods. The corporate tax rate is 30 per cent.
The name of Mitra, a 1975 batch IAS officer from West Bengal cadre, was cleared by the appointments committee of the Cabinet headed by Prime Minister Manmohan Singh.
'The Congress should have accepted our demands.' 'Gone are the days when it could decide how many crumbs to throw at us.' 'Now, we make the demands.'
In a pre-budget meeting with revenue secretary P V Bhide, a Ficci delegation asked the finance ministry to tread with caution on rolling back the stimulus measures taken to spur growth.
Finance Minister Pranab Mukherjee might have to fall back on divestment and other non-tax revenue sources while presenting the Budget for 2009-10 on July 6, economists believe.
The Finance Ministry has told industry it should not expect any major fiscal sops in the Budget to be presented by the new UPA government, which has a limited headroom for giveaways due to the economic slowdown.
Elaborating on the recommendations, CII Vice-President Hari Bhartia said the forthcoming budget should focus on an investment-led growth by introducing broad-based reforms in the banking, finance and retail sectors. The Union Budget is expected to be presented in July, 2009.
The CII on Monday recommended raising personal income tax exemption limit by Rs 50,000, removal of Fringe Benefit Tax and surcharge on corporate tax along with measures to promote investment in the full budget to be presented by the new government in July.
Ahead of the new government assuming office later this month, the finance ministry has begun the Budget-making exercise to enable the incoming finance minister to present the full-fledged Budget for 2009-10.
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