Retail inflation dipped marginally to a nearly six-year low of 3.34 per cent in March due to a decline in prices of vegetables and protein-rich items. The Consumer Price Index (CPI) based inflation was 3.61 per cent in February and 4.85 per cent in March last year.
'We never waste a crisis. There will be learning and the supervisory tools will get better with each episode.'
A Governor does not possess any discretion in exercise of functions under Article 200 of the Constitution in respect to any bill presented to them and must mandatorily abide by the advice tendered by the council of ministers, the Supreme Court has held.
Khedkar allegedly misrepresented information in her application for the UPSC Civil Services Examination, 2022 to get reservation benefits.
The Enforcement Directorate said on Monday that it had conducted search operations at four locations in Mumbai and Delhi as part of its money laundering investigation into an alleged Rs 4,500 crore (Rs 45 billion) fraud by Pancard Clubs Limited and others, in which more than 5 million investors have been duped.
'They are going to create so many nations within one nation.' 'If you do this exercise without a clear vision, it will have far reaching repercussions. It will end up in disaster and that will be dangerous.'
A Maratha community member from Dharashiv in Maharashtra, who was the first one to be given the Kunbi caste certificate in the district as part of the ongoing survey exercise, has decided to return the document to the authorities, saying he wants all Marathas in the state to be given this benefit.
A decision on supporting candidates for the November 20 state polls will be taken in due course, he told a Marathi news channel in Jalna district.
The Union Cabinet also decided to promulgate an ordinance -- The Jammu and Kashmir Reservation (Amendment) Ordinance, 2019 -- to give reservation benefits to the people living along the International Border in Jammu and Kashmir, who often face shelling from across the border.
'If gold's recent surge has increased its allocation beyond 15 per cent in your portfolio, now may be a good time to rebalance.'
The ordinance will be tabled in the next session of the legislature, it said, adding that 27 posts were approved for the commission.
If Marathas get blanket Kunbi OBC certificates, there will be no separate identity of the Maratha community in Maharashtra, state minister and senior OBC leader Chhagan Bhujbal said on Wednesday amid the quota row.
The Reserve Bank should focus on making liquidity easier rather than cutting rates if the intent is to drive growth, Axis Bank's chief economist Neelkanth Mishra said on Tuesday. Mishra, who is also a part-time member of the Economic Advisory Council to the PM, said the rate cut announced earlier this month or even the subsequent ones if they were to come will not end up increasing borrowings as the scarce liquidity will hamper transmission.
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said regulations should not create unintended barriers to financial inclusion while emphasising that the impact of regulations on individuals and businesses should be considered.
Leaders at an all-party meeting on Maratha quota chaired by Maharashtra Chief Minister Eknath Shinde on Wednesday passed a resolution asking activist Manoj Jarange to call off his indefinite fast.
Students from de-notified tribes, nomadic tribes and semi-nomadic tribes will receive coaching fees of up to 1,20,000 and additional benefits for preparing for entrance examinations such as JEE, NEET, CLAT and the NDA.
Union Home Minister Amit Shah on Tuesday announced that the Gujjar, Bakerwal and Pahari communities in Jammu and Kashmir will get reservation benefits in accordance with the recommendations of the Justice Sharma Commission which examined the issue of quota.
Non-banking entities such as fintech firms will have to tap into use cases beyond peer-to-peer (P2P) and peer-to-merchant (P2M) transactions to scale up the presence of the retail version of the central bank digital currency (CBDC), which is also known as the e, said industry players. These use cases will enable programmable transactions across domains, including the government's direct benefit transfer (DBT) schemes, with subsidies restricted to specific purposes such as food coupons, hospital bills, fertilisers, pesticides, and cross-border remittances.
The opposition on Tuesday termed as an 'election jumla' the women's reservation bill brought by the government with many leaders raising questions over the proposed legislation, contending it doesn't account for reservation for OBC communities and that it will be effective at the earliest by the 2029 Lok Sabha polls.
Of the 288 seats in the state, BJP had won 105 in 2019 state polls, while the undivided NCP had bagged 54 seats.
'Upper castes who complain against reservations are fighting only for their own castes.'
'Omar Abdullah presented Delhi as a villain in front of the people of Jammu Kashmir before elections and now is shaking hands with them.'
A Pakistani court sentenced jailed former prime minister Imran Khan and his wife Bushra Bibi to 14 and 7 years in prison respectively after finding them guilty of corruption in the 190 million pounds al-Qadir Trust case. The verdict was announced in a makeshift court set up in Adila jail where Khan is currently lodged. Khan has been convicted for "corrupt practices" and "misuse of authority", while his wife has been convicted for "involvement in illegal activities". The court also ordered the confiscation of the land of Al-Qadir University set up by them. Supporters of Khan's Pakistan Tehreek-e-Insaf (PTI) party staged a protest outside Parliament House, demanding his release. Khan claims all cases against him were politically motivated.
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
Amid a fresh wave of protests in Maharashtra over the Maratha quota demand, authorities in Dharashiv district of the state on Wednesday started distributing Kunbi caste certificates to the eligible Maratha community members, paving the way for their inclusion in the OBC category.
Justice Gavai, who wrote a 281-page separate but concurring verdict, said it is the duty of the State to give preferential treatment to the backward class of citizens who are not adequately represented in government jobs.
Fasting quota activist Manoj Jarange on Monday sought reservation for the Maratha community in entire Maharashtra and not in specific regions and warned the ongoing agitation will be ratcheted up if the demand was not fulfilled by the state government.
A substantial number of castes and groups are already placed in the reserved category, getting about 52 per cent of reservations altogether. It would be completely inequitable to place the Maratha community in the Other Backward Class (OBC) category, it said.
The National Company Law Tribunal (NCLT) has reserved its order on the merger of Zee Entertainment Enterprises and with Culver Max Entertainment (earlier known as Sony Pictures Networks India). The Mumbai bench of NCLT, comprising H V Subba Rao and Madhu Sinha, reserved the order on Monday, after hearing arguments from creditors who objected to the scheme including Axis Finance, JC Flower Asset Reconstruction Co, IDBI Bank, Imax Corp and IDBI Trusteeship. In December 2021, Zee Entertainment and Sony Pictures had agreed to merge their businesses.
Congress president Mallikarjun Kharge has accused the BJP of rigging the Maharashtra assembly elections and called for a return to ballot paper voting. He also criticized the Modi government for selling off public assets, undermining democratic institutions, and promoting communal polarization. Kharge's remarks come as the Congress prepares for its AICC session in Ahmedabad, where it will present its political and economic views.
Activist Manoj Jarange on Monday announced he was withdrawing his 17-day-old fast undertaken over the Maratha quota issue, but insisted he would continue his agitation until the Maharashtra government starts issuing Kunbi caste certificates to extended family members of people already having such documents, thereby allowing them to avail of reservation benefits.
'Even in PlayStation games, he was keen to win.'
High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin.
Prime Minister Narendra Modi on Tuesday said he wants the Bharatiya Janata Party-led National Democratic Alliance to win 400 seats in the ongoing Lok Sabha polls to ensure the Congress does not bring back Article 370 in Kashmir and put a 'Babri lock' on the Ram temple in Ayodhya.
Air India Express and AirAsia India have moved to a unified reservation system, whereby passengers can make bookings for both airlines through an integrated website. The move is part of the ongoing process of merging AirAsia India with Air India Express. The combined entity will focus on leisure-oriented and price-sensitive markets.
Bhujbal, who has strongly opposed the demand to include the Marathas in the other backward classes category for quota benefits, said a new social system is taking shape in Maharashtra which is different from the order envisaged by prominent social reformers.
Since Sanjay Malhotra took office as governor in December, the Reserve Bank of India (RBI) has adopted a more accommodative stance, which bodes well for banking and the economy as they navigate a growth slowdown, according to analysts.
Upholding a bunch of petitions filed by aggrieved general category employees challenging the reservation in promotions, the apex court said the state failed to furnish sufficient valid data to justify the move to promote employees on caste basis.
'No political party can antagonise Ambedkarite voters, particularly the neo-Buddhists.'
Infrastructure bond issuances by commercial banks in the current financial year (FY25) are likely to surpass Rs 1 trillion, almost double that of FY24, market participants said. So far this financial year, banks have raised Rs 74,256 crore via infra bonds. In FY24, the total issuances stood at around Rs 51,081 crore.
