ndependent of the political fallout, which Stalin has sought to arrest through the withdrawal of the measures as fast as they were introduced, there are concerns about the way those decisions came to be taken, without adequate application of mind, not in official terms but in political and electoral contexts, points out N Sathiya Moorthy.
Fitch Ratings on Monday said it expects a moderately worse sector outlook for Indian banks for the next fiscal beginning April 1 based on muted expectations for new business and revenue generation, and deteriorating asset quality. Fitch believes that the disproportionate shock to India's informal economy and small businesses, coupled with high unemployment and declining private consumption, have yet to fully manifest on bank balance sheets. The rating agency said the impact of the COVID-19 pandemic is likely to pose challenges to Indian banks' improving financial performance once asset-quality risks manifest in the financial year ending March 2022.
The big question is: Will her release be a threat to Chief Minister Edappadi K Palaniswami? The answer is, while it may give him moments of nervousness, he will not be replaced, say political experts. T E Narasimhan reports.
A shell shocked opposition are finding it difficult to come to grips with the verdict in the disproportionate assets corruption case against Jayalalithaa.
DMK General Secretary's sought removal of the PP alleging he has not been impartial.
The AIADMK leader, however, told cops he believed that the arrested middleman -- Sukesh Chandrasekhar -- was a high court judge.
Jaya described herself as the people's "beloved sister" and sought a mandate bigger than the last one -- during the bye-poll post her acquittal in a disproportionate assets case by Karnataka high court.
Mulayam Singh Yadav moved SC on Monday seeking review of its judgment directing preliminary inquiry by the CBI into allegations that he and his family members have amassed wealth disproportionate to their known sources of income.
Asserting that there was no split in the party, All India Anna Dravida Munnetra Kazhagam leader from Sasikala camp M Thambidurai on Thursday requested the Election Commission "not to entertain" the dissenting cadres, who have staked claim to AIADMK symbol and sought fresh election to the general secretary's post.
Special prayers were held by All India Anna Dravida Munnetra Kazhagam faithful on Friday seeking release of Jayalalithaa who was sentenced to four years in jail and slapped with a fine of Rs 100 crore by a Bangalore special court in the Rs 66.65 crore disproportionate assets case on September 27.
All India Anna Dravida Munnetra Kazhagam supremo Jayalalithaa is fit and healthy and has not shown any signs of 'a broken woman', a top jail official said.
The apex court also modified its interim order granting protection to officer against inquiry.
The department has found that Rs 100 crore were deposited in 500 Jan Dhan accounts in the banks in western Madhya Pradesh post-demonetisation.
Expelled All India Anna Dravida Munnetra Kazahagm leader VK Sasikala on Tuesday arrived in Chennai, 23 hours after her departure from Bengaluru, where she had served a four year jail term in a corruption case and also underwent treatment for COVID-19.
The PM wanted me to join the ministry headed by Palaniswami, says OPS.
The Congress on Monday joined other opposition parties, including the DMK and the PMK, in boycotting the June 27 by-election.
In what appears to be a mega celebration for the All India Anna Dravida Munnetra Kazhagam workers and supporters, party supremo Jayalalithaa, fresh from her acquittal, will make her first public appearance in several months in Chennai on Friday.
With the acquittal of arch rival All India Anna Dravida Munnetra Kazhagam chief Jayalalithaa coming as a reversal for it, Dravida Munnetra Kazhagam top brass on Monday went into a huddle to work on a political and legal strategy following the development.
Delhi chief minister Arvind Kejriwal reacted strongly to the development claiming the case was registered against Jain as he was working for the regularisation of city's unauthorised colonies.
The Supreme Court on Monday held that Tamil Nadu government has no right to appoint advocate Bhawani Singh as special public prosecutor to appear in Karnataka High Court for J Jayalalithaa's disproportionate assets case.
A political handshake between the Narendra Modi-led government and Jayalalithaa seems to be in the offing as the latter embarks on a crucial second term as Tamil Nadu chief minister.
Rediff.com's Sheela Bhatt speaks with Vishwanath Chaturvedi, a petitioner in the disproportionate assets case against Samajwadi Party supreme Mulayam Singh Yadav and his family who says that the CBI may shut the case prematurely
Palaniswami is the third AIADMK leader to be sworn-in as the chief minister in the last nine months.
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
Polling will take place amidst tight security in 13 Maoist-affected constituencies in the first phase of 5-stage elections to the 81-member Jharkhand Assembly on Tuesday.
Facing a severe backlash for appointing scam-tainted Suresh Kalmadi and Abhay Singh Chautala as life presidents, the Indian Olympic Association has been forced to revoke its controversial decision.
Putting up a brave front, AIADMK chief Jayalalithaa on Sunday assured party workers that she will come out of the present case as she had successfully faced many challenges, saying her "public life amounted to swimming in a sea of inferno."
Normalcy was returning to Tamil Nadu on Sunday, a day after sporadic violence erupted in several parts of the state in the wake of Chief Minister Jayalalithaa's conviction in the disproportionate assets case.
If Sasikala wants to stay in active politics, she will have to go to EPS crawling, reports Aditi Phadnis.
Natarajan was admitted to the hospital on Saturday with severe chest infection and was put on ventilator support.
Vice President Dhankar's and Law Minister Rijuju's recent interventions have the danger of destabilising the Constitutional equilibrium, cautions N Sathiya Moorthy.
Siddaramaiah said she could have approached any of her superiors about her charges against senior officials.
The RBI was not party to the decision to demonetize 500 and 1,000-rupee notes, which was taken at the highest level of India's political leadership.
Here comes the moment of truth. Modi prides himself on offering an "incorruptible" government. Will he dilute the Prevention of Corruption (Amendment) Bill to coax the administration's fealty and compromise his self-image?
The sidelined leader's victory is being seen as a worrying development both for AIADMK and principal opposition Dravida Munnetra Kazhagam, which finished third behind the ruling party.
Panneerselvam's remark came a day after the two factions were squabbling and blaming each other for the delay in the talks getting off the ground.
The AIADMK chief filed her nomination papers for June 27 bypoll to the Radhakrishnan Nagar assembly constituency.
He said his faction will formally file a petition with the Election Commission of India on Friday.
The agency said it searched a Mumbai-based operator who was running 700 shell companies with 20 dummy directors and had "converted Rs 46.7 crore for Chaggan Bhujbal", the jailed ex-Maharashtra deputy chief minister.
E Madusudanan, who was earlier removed as presidium chairman by Sasikala, said she had 'violated' her promise to the late Jayalalithaa that she will not enter politic.
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