All-out efforts are needed to mitigate the adverse impact of the Covid-19 pandemic, and the RBI will use any instrument necessary to revive growth and preserve financial stability, according to the minutes of the central bank's policy meeting.
'India is in a slowdown which most of us have not seen in our living memory.'
The 49-year-old jeweller, fighting extradition to India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, has made around six previous attempts at bail at the magistrates' court as well as at the high court level.
'The government has said it has kept its powder dry to fight the true battle against the debilitating influence of the pandemic.' 'The release of the shocking economic data this week should act as the fuse for using that powder now.' 'Further delays will make the battle that much harder,' notes Shreekant Sambrani.
India's MRP and Packaged Commodities Acts are dated and not in line with the modern world's digital price mechanisms and comparisons.
A bench of Justices Hima Kohli and Subramonium Prasad said the government is expected to remain cognisant of the situation and evaluate it closely and if it is found that the rate of infection is going up, they can always review their decision and impose curbs, depending upon the situation.
Unlikely to follow Pune model where a bifurcated package had a portion of pay linked to performance
As 32 states and Union Territories imposed complete lockdown till March 31, the Centre asked them to clamp curfew wherever necessary in the wake of people defying lockdown orders.
Railways have suspended two senior officials following searches carried out by CBI and recovery of Rs 20 crore in cash in connection with alleged corruption in supply of packaged drinking water in premium trains.
Figures showed that the worst-hit was Mirpur with 24 dead, nine in Jatlan and one person lost his life in Jhelum.
The markets have been unable to sustain at higher levels as a rise in bond yields globally, especially in the US have dented sentiment. Surging commodity prices, especially crude oil that have now hit $70 a barrel (Brent) coupled with inflation woes and fear of sporadic lockdown across major economic hubs back home as Covid cases rise have chased the bulls away. In the short-term, analysts expect the markets to remain volatile as they react to news flow - both from overseas and developments back home. Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs), including India.
Making a case for an optimal fiscal stance, the Economic Survey on Friday said growth leads to debt sustainability and not necessarily vice-versa. "This is because debt sustainability depends on the 'Interest Rate Growth Rate Differential' (IRGD) i.e. the difference between the interest rate and the growth rate in an economy. "With the Indian context of potential high growth, the interest rate on debt paid by the Indian government has been less than India's growth rate by norm, not by exception," it said.
HR guru Mayank Rautela provides a three-point plan.
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
'When you start distributing wealth, you end up distributing poverty.'
The Halol facility is important for the company as it accounts for 10 per cent of Sun Pharma's sales.
Govt may tighten presumptive taxation norms and also do away with some deductions.
Hotels are using a combination of platforms to reach out to the guests. These include online travel agents among others. hotels in India are offering guests an option to pay now and stay later.
Parts of Uttar Pradesh, Haryana, and Punjab have also been impacted.
The CAG observed there was no change in the price of 'flyaway aircraft package'.
With India already having a huge population of meat eaters and about 70 per cent of the people being non-vegetarian, Indian entrepreneurs are hotting up the online meat market.
The applications range from disaster recovery to predicting demand and understanding customer choices using artificial intelligence.
The WADA decision is likely to determine whether Russian athletes, who can prove they are clean, will compete as neutrals or whether some will be invited by the IOC to compete in Tokyo.
Aviation turbine fuel accounts for 35-40 per cent of the total operating cost of an Indian airline.
The guidelines listed several services including government and private offices that will be out of bounds during the period, while exempting establishments such as hospitals, ration shops, dairies, banks, insurance offices, and print and electronic media. Delivery of all essential goods including food, pharmaceuticals, medical equipment through e-commerce has also been exempted from the purview of the lockdown.
'It will be only in fiscal year 2023 when the size of the Indian economy will be bigger than what it was in 2020, you will see demand and employment rising.'
Mallya has lived on the edge for long enough to know that his extradition from UK is not a given, says N Sundaresha Subramanian.
Over the past few months, Infosys has been battling allegations by Murthy and other former senior executives of falling corporate governance standards.
Chief Minister Naveen Patnaik said all families in Puri and in those parts of Khurda, which had been 'extremely severely affected' in the storm, will get 50 kg of rice, Rs 2,000 in cash and polythene sheets, if covered under the Food Security Act (FSA).
Finance Minister Pranab Mukherjee on Monday said that G-20 countries, a club of developed and developing nations, have agreed to continue with the stimulus packages till the global economy fully recovers.
Addressing the Congress Working Committee, the president of the party said, ""Misfortunes do not come singly. India has been hit by a terrible economic crisis, a pandemic of huge proportions and, now, by a full-blown crisis on the borders with China. Much of each crisis is attributable to the mismanagement of the BJP-led National Democratic Alliance government and the wrong policies pursued by it."
The overall volume at India's top four M&HCV makers - Tata Motors, Ashok Leyland, Volvo Eicher, and Mahindra & Mahindra - fell 59.5 per cent to 31,067 units during the month.
To prevent rise in air pollution levels, oil marketing companies and thermal power units were planning to procure stubble from farmers to make bioethanol and promote the central government's 'Agricultural Mechanization' for crop residue management. But both have seen minimal success.
Several opposition members, including from the Dravida Munnetra Kazagham and the Communist Party of India-Marxist, also pointed out that the government took almost two months to impose the lockdown after the first case came to light in January, and claimed the delay had proved costly.
Some movies of 2021 excelled in content but yet, they did not do well.
Mental health and life coach Anu Krishna tells you how to take control of your life.
In a tweet, the IAF welcomed the "new bird" into its arsenal.
Air India and Tourism Malaysia on Tuesday launched several joint initiatives for the Indian market, including a special three-nights tour package for Rs 14,999 per person.
The 7th Pay Commission has recommended more than doubling the 'Military Service Pay' to defence personnel, and suggested that Short Service Commissioned Officers should be allowed to exit the Armed Forces at any point in time between 7 and 10 years of service.
Foods contaminated by newspaper ink raise serious health concerns since the ink contains multiple bioactive materials with known negative health effects, the advisory said.
