ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
If only you had thought ahead, you would have stocked snacks and biscuits, bread and cake, and vegetables suited for Amma or pondatti to make your favourite bajji and pakoda, observes N Sathiya Moorthy.
Making it clear that he was not opposed to the National Food Security Bill, Union Agriculture Minister Sharad Pawar on Friday said he would prefer it to be approved by Parliament after a debate.
'The buildings all around had caved in or were damaged. The trees were all uprooted. Things were very scary.'
The much-touted Food Security Bill was taken up in Rajya Sabha, with opposition terming it as a "gimmick" with an eye on elections and accusing government of violating constitutional norms by issuing an ordinance when Parliament session was less than a month away.
'I was put in an anda cell. No window, light or air. Only grills.' 'During the monsoon, water would seep. There were rats running around all the time.' 'We were forced to sleep under bright lights all the time. Those bright lights are never switched off.'
It may be a little early to cheer the recovery in the fast-moving consumer goods (FMCG) space as a deceleration in discretionary demand, after the festival season, may offset fragile rural recovery, analysts have cautioned. "The overall demand environment for staples remains muted, while discretionary demand trends have seen some deceleration after the festival season. "We believe margins in staples have bottomed out, but we expect only a gradual uptick with the ongoing softening in raw material prices.
Although demonetisation and improper implementation of GST along with falling prices are being blamed for much of the distress in rural India for some time, experts believe those may not be the only reason.
Nine persons were still feared trapped under the debris of the structure which collapsed at 1.45 pm on Saturday at Wardhaman Compound in Valpada area, they said, adding that search and rescue operations were on.
Indian equity markets had a good run in the first half of calendar year 2023 (CY23), with the S&P BSE Sensex and the National Stock Exchange Nifty50 hitting fresh 52-week highs. While the Sensex scaled up to a peak 64,718, the Nifty50 hit Mt 19,189. As the markets now prepare to enter the second half (H2) of CY23, all eyes are on global central banks, especially the US Federal Reserve, as to when they will pause and pivot as regards their interest-rate cycle.
Incessant showers lashed Mumbai and its neighbouring areas on Wednesday morning, leading to flooding in many low-lying areas and traffic snarls on roads, officials said.
Dr Shreekant Sambrani pays tribute to M S Swaminathan, renowned agricultural scientist and a lifelong crusader against hunger who passed away in Chennai recently.
India is expected to harvest bumper crop this year based on estimates of higher food grains production in Kharif (summer sown) and hopes of better Rabi (winter) crop with enough water in reservoirs, Finance Minister P Chidambaram said.
As the kharif season is setting in, India is scrambling to source fertilisers from the international market. It is set to sign long-term contracts - especially with Morocco and Latin American countries - to ensure steady flow of supplies. "We have to source fertilisers wherever it is available because crops have to be secured.
This is not a train for the regular commuter, evident from the number of large sized bags in the overhead bin, observes IAF Veteran Air Commodore Nitin Sathe.
While the motives of the Bill are of course laudable, there is every likelihood that the consequences of its passage will be dire.
Terming the Bill as a 'non political bipartisan issue,' he hoped to have all political parties on board as the Bill would benefit over 75 per cent of rural households and 50 per cent of urban households in the country.
Benchmark 10-year bond yields hit a 13-month peak as bond traders priced in more aggressive monetary easing next year.
Inflation in pulses, vegetables and cereals was higher in Jan.
Terming the ordinance promulgated by the Union cabinet to implement the Food Security Bill as a "cruel joke" on democracy, Bharatiya Janat Party President Rajnath Singh said that his party would not oppose the passage of the bill in Parliament but seek amendments to it.
Prime Minister Manmohan Singh and Congress President Sonia Gandhi on Friday discussed the strategy to be adopted in the monsoon session of the Parliament on issues such as Telangana and proposed amendments in the Right to Information Act.
The United Progressive Alliance government's confidence about getting legislative business done in the monsoon session of Parliament, beginning August 5, might be misplaced.
'They can transition from short to long-duration funds when the yield curve normalises.'
Monsoon in August was almost 24 per cent below normal, which was the sixth driest August since 1901. It came on the back of a 7-per cent monsoon shortfall in July.
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People affected due the flood have taken refuge in safer areas as the administration prepares to shift them to relief camps.
Dubbing the government's decision to bring an ordinance on food security as an "election gimmick", the Bharatiya Janata Party on Wednesday accused the Congress of running away from a debate on the crucial issue in Parliament.
These yummy recipes can satisfy your cravings between meals.
The Reserve Bank of India kept interest rates on hold at 7.50 per cent.
Floods triggered by the torrential rain since June 14 have wreaked havoc, inundating a vast swathe of flat land in the south and southwest of the country.
Though the lies hardly go beyond extramarital affairs and conception problems, they are laid out by arresting storytellers who raise the stakes while speaking in tongues not wiped clean to make progressive points (No Made in Heaven-type diddling, here), notes Sreehari Nair.
India has built up buffers against cyclical difficulties and has ample foreign exchange reserves to withstand pressure on credit worthiness, S&P Global Ratings said on Thursday. Speaking at the India Credit Spotlight 2022 webinar, S&P Sovereign & International Public Finance Ratings director Andrew Wood said the country has a strong external balance sheet and limited external debt, making debt servicing not so expensive. "The country has built up buffers against cyclical difficulties like those, which we are experiencing right now," Wood said.
During a meeting of parties convened on Sunday ahead of the Monsoon Session of Parliament, Tamil Nadu-based Dravida Munnetra Kazhagam and All India Anna Dravida Munnetra Kazhagam demanded India intervene in the neighbouring country which is facing a debilitating economic crisis.
Lamenting that lot of time has been wasted in the last two to three Parliament sessions, Prime Minister Manmohan Singh on Saturday asked the opposition to cooperate in the passage of the legislative business including the "most important" ordinance on Food security bill.
The Food Security Bill, which could not be taken up despite being listed in the Lok Sabha'a agenda since Monday, will not be part of business on Saturday.
'This committee underscores the Indian State's longstanding conventional approach to leverage top-down conflict management in North East India in general and Manipur in particular.' 'Trying to 'manage' violent conflicts top-down has not worked in the past, and apparently does not seem to work this time either.'
The Congress is planning a high-pitch media blitzkrieg in the run up to the assembly and general elections on the twin agenda of governance and development as opposed to the Bharatiya Janata Party's decision to push for Hindutva.
Appealing with "folded hands" for an end to the three-month-long cycle of violence in Manipur, Home Minister Amit Shah on Wednesday urged the warring Kuki and Meitei communities to hold talks, even as the Lok Sabha adopted a resolution calling for the restoration of peace in the northeastern state.
Modi knows that the BMC elections are critical for his party which has never won a majority in the city's 227 wards.
The government's move to issue an ordinance to implement the Food Security Bill saw major opposition parties stepping up their attack on the United Progressive Alliance accusing it of bypassing Parliament and acting in a hurry with an eye on polls.
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