The Reserve Bank on Wednesday hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. This is the sixth time interest rate has been hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of hike to 250 basis points. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) by a majority decided to raise the policy repo rate by 25 basis points and keep a 'strong vigil' on inflation outlook.
Project Vivaan won big at the Solar Decathlon, placing second overall (and missing the first position by a whisker). Members of the award-winning Team Shunya tell Mrigank Warrier how they built a carbon-neutral, water-neutral, energy-positive home for a family of four.
The harvest festival is incomplete without this humble and easy-to-make porridge.
Their deaths add to a deadly tally of 70-odd suicides by grape growers over the past two years -- a bizarre juxtaposition to the celebratory enthusiasm of the local politicians.
Serena has backed early stage companies for nearly a decade.
Sluggish rural demand along with higher inflation is set to mute revenue growth of the fast-moving consumer goods (FMCG) sector at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the previous fiscal, a report said. Almost 40 per cent of the Rs 4.7-lakh-crore sector come from the hinterland markets, which have been hit by high inflation, low wages and high job losses since the Covid pandemic. Revenue growth of the FMCG sector will be muted at 7-9 per cent this fiscal and the next compared to 8.5 per cent in the last, while volume growth will be just about 1-2 per cent, down from 2.5 per cent last fiscal, Crisil said in a report on Monday.
Thanks to Bt, India's cotton fields are not suicide fields any more. The genetically modified seed has come as a godsend for farmers in several cotton-growing states with many of them reaping in rich dividends from Bt Cotton cultivation.
The arrival of autumn in Srinagar marks its presence by changing the chinar leaves to orange-red.
The National Green Tribunal has directed the Ministry of Jal Shakti to hold a meeting within a month to consider the issue of regulating extraction of ground water for maintenance of play grounds.
Why settle for the ordinary, when you can try out something traditional on Makar Sankranti?
As India goes into firming up trade deals with developed nations like Australia, the United Kingdom (UK) and the regional bloc, and the European Union (EU), it will have to be well prepared to negotiate on new-generation issues, such as data protection regulation, e-commerce, and environment. India is yet to negotiate pacts with its trading partners on these evolving issues since discussions between them have until now been largely focused on tariff and non-tariff barriers and the rules of origin. "We can no longer look at trade just as trade. We have to look at it in totality of global and regional conditions.
India is likely to become a $40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a $30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University in Gandhinagar.
'Mr Badal wanted to talk to a member of the Gandhi family to bring about some sort of rapprochement between the Akalis and the Congress which were the two major parties at that time.'
Marilyn Monroe, Minions, musicals and mean-spirited witches, it's quite a spread on OTT this week. Sukanya Verma offers her picks.
Modi knows that the BMC elections are critical for his party which has never won a majority in the city's 227 wards.
After imposing 20 per cent export duty on non-basmati rice, the government has banned the export of broken rice with an aim to increase domestic availability, according to a government notification.
India's wheat production is projected to have declined nearly 3 per cent to 106.84 million tonnes while the overall foodgrain production is estimated to have touched record 315.72 million tonnes in the 2021-22 crop year. The wheat production is estimated to have declined due to heatwave that resulted in shrivelled grains in the northern states of Punjab and Haryana. Releasing the fourth advance estimate for the 2021-22 crop year, the Union agriculture ministry on Wednesday said a record output is also estimated for rice, maize, gram, pulses, rapeseed and mustard, oilseeds and sugarcane.
Shobha Warrier/Rediff.com travels to Pullampara to discover how it became India's first digital literate village.
'An eerie similarity with 2019 inflation trajectory could now mean that the RBI and market inflation estimates could go awry.'
Sultanpur, a village in Maharashtra with a population of around 1,000 and 600 houses, will now be known as 'Rahul Nagar' as the local residents have changed its name in memory of its native, who laid down his life while fighting terrorists during the 26/11 Mumbai attacks in 2008.
The incident happened on Monday at a mass meeting held before the immersion of the ashes of Gurjar leader Kirori Singh Bainsla in the Pushkar lake.
The government has no plans to import wheat as it has sufficient stocks to meet the country's requirements, official sources said. The Food Corporation of India (FCI) has enough stock for public distribution, they added. "There are no plans to import wheat into India. "The country has sufficient stocks to meet our domestic requirements," a source said.
The Bangladesh prime minister said that her government had tried to take care of the displaced community keeping the humanitarian aspect in mind.
He also said the Centre has not answered the questions raised by him in the Lok Sabha on the issues of farmers and said its reply was a 'joke'.
If they can sit together and hammer out 'Black Sea Initiative' deal for much needed food shipments, surely, they should be able to address the madness of the larger military conflict?
However, the growth, driven largely by a bumper rabi harvest and facilitated by relaxation in lockdown, may not have resulted in a big rise in income for a section of farmers.
Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday directed officials to take strict action against illegal occupants of any land, be it government or private, without discrimination.
They just wanted their angst noticed, and as a symbol of recognition, Jallikattu, restored without the annual ritual of court cases and adjournments, explains N Sathya Moorthy.
While a verified Twitter handle of the Information and Public Relations department of Shopian claimed that the news about leaving of 'Kashmiri non-migrant Hindu population' was 'baseless', Ashwani Kumar Bhat, whose brother Puran Krishan Bhat was gunned down by terrorists on October 16, told reporters in Jammu that he has migrated and will never return to the Valley.
'Never before has an Indian politician made such huge electoral gains on dead bodies. For the moment, Vajpayee is speaking the language of the VHP-RSS,' says Praful Bidwai.
With elections elsewhere in India showing that multi-pronged contests usually work to the BJP's favour, the party can gain if it hangs on stubbornly. In the meantime, any additional support helps. That is why the archbishop's comment attracted political traction in Kerala, observes Shyam G Menon.
For the past four months, 92-year-old Maria Nikolaevna has lived underground with her daughter, son-in-law and the family cat.
'The BJP's real weapons are Hindutva, organisation and finance.'
The Supreme Court, which is hearing a challenge to a Tamil Nadu law allowing jallikattu, on Wednesday observed that the "ultimate question" perhaps might be whether the bull-taming sport, dubbed by many as cruel to animals, can be allowed in any form.
The petitioners challenging a Tamil Nadu law allowing bull-taming sport Jallikattu argued in the Supreme Court on Tuesday that when the law prohibits cruelty to animals there cannot be an amending Act which perpetuates cruelty.
Yeh Hai India series: Capturing the events and moods across our incredible country.
Several experts are of the view that inflationary pressure, including that in food items, may build from October with economic activity gathering steam. However, the price movement in three key items of tomato, onions and potatoes, commonly known as TOP, may give some solace in the months to come. Traders and market watchers said the price movement in all the three will remain within the band sans any unusual spikes.
The country's wheat output is estimated to drop by about 3 per cent to 106.41 million tonnes in the 2021-22 crop year (July-June) from the previous year, agriculture ministry said in its latest estimate released on Thursday. The production is, however, lower by 4.61 per cent from the earlier estimate of 111.32 million tonnes projected for the 2021-22 crop year, the data showed. Wheat production stood at a record 109.59 million tonnes in the 2020-21 crop year.
The country's cyber security agency CERT-In has advised Facebook users to strengthen their account privacy settings after a recent global 'data scraping' incident in the social media platform affected about 61 lakh Indians.
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