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.
A senior Sri Lankan journalist, known for his anti-government views, was kidnapped and brutally beaten up near his house in the Colombo suburb of Nugegoda, stated a BBC report on Tuesday.Poddala Jayanth, the general secretary of the Sri Lanka Working Journalists Association, is a vocal campaigner for freedom of the media, said the report.Jayanth is currently recovering at the Colombo National Hospital. His assailants remain unidentified, said the BBC.
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
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.
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.
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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.
The LDF government -- which has negotiated a series of crises in the form of natural disasters to the Covid pandemic -- cannot turn a blind eye to the accumulated debt of the state that now exceeds Rs 3 trillion and the need for more jobs, investment and industry.
Jayanth Pooviah, director and chief executive officer of Deccan Charters, confirmed the development.
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In a complaint lodged before the Circle Inpsector of Pandeshwar in Mangalore, senior advocate Purushotham Poojary stated that certain policemen were behind the killing of Naushad. In his complaint he has named circle inspector Venkatesh Prasanna, Deputy Commissioner of Police Jayanth Shetty and another Circle Inspector, Valentine D'souza
Villagers from Raigad and Nashik in Maharashtra and Mangalore in Karnataka speak about how their lives and livelihoods will be affected by special economic zones in their regions.
Haage Summane, a Kannada film directed by Mungaru Male writer Preetham Gubbi, is a good effort and is evident that the entire team - from Gubbi, the writer and director, cinemetographer Krishna, music director Mano Murthy, lyricist Jayanth Kaikini, editor Deepu and the costume and art designers - has worked hard to create the film.
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.
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A Central Reserve Police Force jawan was injured in fresh clashes between security forces and protesters here over the controversial land transfer to the Shri Amarnath Shrine Board even as life in the city and other major towns of the Kashmir valley remained crippled for the fifth day on Friday.
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'Even if there is a third wave or a fourth wave, it is hard to see the economy will suffer like that (during the first wave).'
The merged entity would lead with a revenue market share of about 37 per cent against Airtel's 31.2 per cent and Jio's 14.5 per cent
Winged guests have started arriving at the Bhitarkanika National Park in Odisha.
Both Mahinda Rajapaksa and Modi have learnt from their past mistakes. Modi has understood that Rajapaksa is a 'forever politician' that India has to live with, observes Ambassador M K Bhadrakumar.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
A workshop has been organised in Mumbai to come up with suggestions.
While chits and the formal financial sector are not 'largely substitutable', users like the commitment to savings that these enforce and the flexibility in borrowing, reports N Sundaresha Subramanian from New Delhi.
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'If enough of us take up the issue with their elected representatives, politicians will get the message.'
Internet-based systemic wisdom connects machines and people, and will drive next-gen enterprises, said Huawei's Yatish Nagavalli.
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