The RBI's surprise rate hike may have been prompted by its inability to convince the government to cut excise duty on petrol and diesel and take other supply-side measures to tame runaway inflation, sources aware of the central bank's thinking said on Thursday. There has been a record Rs 10 a litre increase in petrol and diesel prices in a matter of 16 days beginning March 22, which has further fuelled the already high commodity prices. The RBI, which is mandated to ensure inflation is under 6 per cent, acted with a 0.40 per cent increase in repo rate to check prices before they went completely out of hand.
Former India men's hockey head coach Roelant Oltmans blamed the lack of tactical awareness and a non-existent club culture for India's early exit from the 2023 Hockey World Cup.
The race to get a New Umbrella Entity (NUE) licence for digital payments may get crowded. As many as six consortiums are said to be in the fray to apply for an NUE licence, which would create a for-profit National Payments Corporation of India (NPCI)-like body for retail payments. A consortium led by Financial Software and Systems (FSS), a leading provider of payment products and payment processor, is in talks and may file an application to the RBI for an NUE license, said sources aware of the development. The other constituents of this group include Indian Bank, Central Bank of India, India Post Payments Bank, National Bank for Agriculture and Rural Development (Nabard), and a few small finance banks.
"On #InternationalTigerDay, greetings to wildlife lovers, especially those who are passionate about tiger conservation. Home to over 70 per cent of the tiger population globally, we reiterate our commitment to ensuring safe habitats for our tigers and nurturing tiger-friendly eco-systems," said PM Modi.
China hiked its annual defence budget by 7.1 per cent.
Vinicius started a foundation that is building schools in impoverished areas and is investing in research to develop new ways to improve the education system in Brazil.
A bench of Justices S K Kaul and A S Oka also expressed displeasure over the delay in clearing recommendations for transfer of high court judges, calling it a 'very serious issue', and warned that any delay in this matter may result in both administrative and judicial actions which might not be palatable.
'I hope the Centre and the states will both act in the spirit of cooperative federalism and find acceptable solutions without testing the law and the limits of each other's power.' 'This should not be considered a wrestling match.'
The Election Commission on Wednesday asked the Gujarat chief electoral officer to inquire and take action "as warranted" after the Aam Aadmi Party alleged that its Surat (East) candidate was abducted and coerced by the Bharatiya Janata Party to withdraw from the poll fray.
Amid increasing popularity of virtual currencies in various parts of the world, the Reserve Bank of India (RBI) on Monday said it is open to exploring the possibility of a digital version of fiat currency. Host of private digital currencies, virtual currencies and cryptocurrencies have gained popularity in recent years, though Indian authorities continue to remain sceptical about them. "In India, the regulators and governments have been sceptical about these currencies and are apprehensive about the associated risks. "Nevertheless, the RBI is exploring the possibility as to whether there is a need for a digital version of fiat currency and in case there is, then how to operationalise it," the RBI said in its booklet on 'Payment Systems in India -- Journey in the Second Decade of the Millennium'.
'Just because a subject is uncomfortable for some and doesn't suit their political ideology, should a film not be made?'
The best possible way to deal with job uncertainty is accepting the fact that it could happen to anyone and if it does, then it is important to work on a multi-pronged strategy on how to get through it in the best possible manner, advises Sumit Sabharwal.
While there were concerns about the security aspect of drones, top government officials were of the view that restricting the drone industry would stifle a sunrise sector which holds significant promise for future, reports Arindam Majumder.
Sri Lanka's Hambantota Port authorities said the high-tech Chinese research vessel that was to dock there on Thursday won't reach the port as scheduled, according to a media report, days after India expressed security concerns over its presence in the island nation.
'I remember how my grandmother was scared for me when I joined the industry because she was aware of the hurdles and pitfalls.' 'It's a harsh place.' 'When the going is good, it's great, but you really have to have the spirit to deal with the situation when the chips are down.'
'If something appears too good to be true, it most likely is'.
'The government should immediately enact an Act to make caste discrimination a criminal offence and lay down a procedure similar to that of the Anti-Ragging Act.' 'Ragging has nearly been eliminated because it is treated as a criminal offence.' 'Similar procedure should be used in case of caste discrimination.'
Avoid clicking on any unknown links from strangers. Use a different, secure password for each social media account you have.
'Interestingly in spite of slightly more than half (52%) the respondent farmers opposing the three new agri laws, almost 44% respondent farmers said the Modi government was 'pro-farmer'
A picture released by the federal agency showed bundles of seized Rs 500 currency notes along with a few in the denomination of Rs 2,000 and Rs 200 stacked together on a bed.
Prime Minister Narendra Modi on Tuesday said it is the country's misfortune that generations were not made aware of sacrifices of national heroes, citing example Raja Mahendra Pratap Singh, in whose name a university will come up in Aligarh.
Following the controversy over a paragraph from class 8 Kannada second language textbook on V D Savarkar, which had gone viral on social media, for apparent "glorification" of the freedom fighter, the wife of the author has released a statement saying that the bulbul imagery in it is "nothing but a metaphor."
Coach Boucher ruing the absence of Aiden Markram during the series but was impressed by one Indian player
Governments need to proactively plan for attracting and retaining the next generation of talent for its civil services, an official report has said.
'There should be total transparency in the system.'
The government on Tuesday expressed concern over reports that automobile manufacturers are selling vehicles with purposefully downgraded safety standards in India and asked them to stop the 'unpardonable' practice. Speaking at a seminar on implementation of vehicle location tracking devices in order to enhance the safety on road, organised by auto industry body SIAM, Ministry of Road Transport and Highways (MoRTH) secretary Giridhar Aramane also noted that only a few manufacturers have adopted vehicle safety ratings system and that too used only for their high-end models.
Yoga expert Shikha Pandey tells you how effective breathing can help you balance your energies and improve the health of your lungs.
While most brokers have upgraded their backend systems to trade, their front-end systems have not been upgraded. They are not compliant with Sebi's interop circular of November 2018 and no one seems to be either aware of this, nor has anything been done about it so far, explains Debashis Basu.
EU and UK laws require airlines to incorporate data protection measures and report data breach to regulators within 72 hours. Non-compliance can invite steep fines.
This doctor couple put their faith in India. And in return India has put faith in them.
Dinacharya is a Sanskrit term for daily rituals that one must practice regularly to live in sync with nature.
The global body added that national meteorological and hydrological departments in both countries are working closely with health and disaster management agencies to roll out heat health action plans.
In March this year, when Tata Consultancy Services (TCS) unveiled a new brand statement of "Building on Belief", many wondered if it was the right strategy. When things are uncertain, wouldn't a brand statement such as "Experience Certainty" have been better? But for Rajesh Gopinathan, CEO & MD, TCS, it was all about the way the company was looking at business. As Gopinathan explained over a video call, "Today, we have over 1,000 customers and 98 per cent of our business is repeat business; our relevance to customers should continue, and to increase.
Indian Oil Corporation (IOC), the nation's top oil firm, has bought as much as 3 million barrels of crude oil that Russia had offered at steep discount to prevailing international rates, sources said. The purchase, made through a trader, is the first since Russia's February 24 invasion of Ukraine that brought international pressure for isolating Putin administration. Sources aware of the matter said IOC bought Urals crude for May delivery at a discount of $20-25 a barrel to dated Brent.
Bumper-to-bumper insurance cover for new vehicles will not be mandatory as suggested by the Madras high court in its order last month. Instead, the decision to make it mandatory or not will be left to the legislators and the parliament. On Monday, the court decided to modify its order, which had said that whenever a new vehicle is sold after 1.9.2021, it is mandatory for coverage of bumper-to-bumper insurance every year, in addition to covering the driver, passengers, and owner of the vehicle, for a period of five years.
Juve, Real and Barca said they were ready to reconsider the proposed approach of the breakaway project following the backlash, but said it would be "highly irresponsible" for them to abandon the project.
"Crossing that 'Lakshman rekha' many times, this is especially more worrisome," the judge, who has recently been elevated to the top court, said.
Will the EPFO be required to deduct tax at source or will the employee have to calculate the tax and pay it separately?
China's embassy in Colombo has sought an urgent meeting with senior Sri Lankan authorities after Colombo sought a deferment of the planned docking of a high-tech Chinese research vessel at the strategic Hambantota port over which India raised concerns, sources said.
