(ET) London-based Financial Times has listed Raghuram Rajan, former governor of the Reserve Bank of India, as one of the candidates who could be considered for the top job at the Bank of England. “Attracting Raghuram Rajan, the highly respected Chicago-based economist and former Reserve Bank of India governor, would be a coup, as would securing Agustín Carstens, Mexico’s central bank chief and the new general manager of the Bank of International Settlements,” says the article. Philip Hammond, UK chancellor, is starting the process to select the next governor of the Bank of England to replace Mark Carney next year.…
Author: Amit Bhanot
(PTI) Come January 1, 2019, and all motor vehicles will come fitted with tamper-proof high-security registration plates (HSRP) with several security features.The development assumes significance because even after over a decade of the government making HSRP mandatory, it is yet to be implemented in many states.”The security licence plate including third registration mark, wherever necessary, shall be supplied by vehicle manufacturers along with all the vehicles manufactured on or after 1st day of January 2019, and their dealers will place a mark of registration on such plates and affix them on the automobiles,” Ministry of Road Transport and Highways said…
(TOI) Tata Consultancy Services (TCS), the country’s largest IT outsourcing company created history on Monday by becoming the first Indian company to reach the $100 billion market capitalisation (m-cap) mark. The shares of the IT behemoth were trading 4 per cent above previous closing mark at Rs 3,545 on the BSE at 10.30 am, thus hitting an all-time high. By definition, market capitalisation is the value of a company that is traded on the stock market, calculated by multiplying the total number of shares by the present share price. At 10.30 am, the market value of the company stood at Rs 6,79,332.81…
(ET) The Prime Minister’s Office (PMO) has given its approval to the labour ministry proposal on universal social security cover for 500 million workers, including those in the farm sector, seeking to start the process of putting in place a more secure welfare net a year before the general election. The finance and labour ministries will work out the details of the scheme that will require nearly Rs 2 lakh crore when fully rolled out for the lower 40% of the country’s total workforce. The remaining 60% of the workforce is expected to make contributions out of their own pocket, either…
The Prime Minister, Shri Narendra Modi, today addressed the Indian Community in Stockholm. He thanked the Government of Sweden, in particular His Majesty the King of Sweden; and the Prime Minister of Sweden, Mr. Stefan Lofven who was present at the event, for the warm welcome he received in Sweden. He said that India is going through a great transformation today. He said that the current Union Government had been elected on the mandate of Sabka Saath, Sabka Vikas. He said the Government has worked towards a developed and inclusive India, in the last four years. He said all efforts are being…
(PTI) Facing flak from the BJP for the virtual washout of the recent budget session of Parliament, Congress president Rahul Gandhi today hit back, saying the Prime Minister who has the time to travel all over the country, could not spare 15 minutes for the Lok Sabha.”Prime Minister is travelling across the country, but he does not have 15 minutes to give a speech in the Lok Sabha,” Rahul Gandhi told reporters here on the second day of his three-day visit to his Parliamantary constituency. “15 minute de dein, khare nahin ho payenge Lok Sabha mein (He will not be…
(LiveMint) The International Monetary Fund (IMF) on Tuesday said India should address labour market rigidities to create more jobs and undertake financial sector reforms to improve governance in public sector banks to contain downside risks to its medium-term growth prospects. In its biannual World Economic Outlook, IMF kept its GDP growth forecast for India unchanged at 7.4% for 2018-19 and 7.9% for 2019-20, holding that economic activity will be lifted by strong private consumption as well as fading transitory effects of demonetisation of high-value currencies and implementation of the national goods and services tax (GST). “Over the medium term, growth…
(Hindustan) मजबूत वैश्विक सकेतों के और अक्षय तृतीया को देखते हुए सोना और चमका है। इसकी कीमत आज 350 रुपये की तेजी के साथ 32,350 रुपये प्रति दस ग्राम पर पहुंच गई। औद्योगिक इकाइयों और सिक्का निर्माताओं का उठाव बढ़ने से चांदी भी 400 रुपये की तेजी के साथ 40,300 रुपये प्रति किलोग्राम हो गयी।सर्राफा कारोबारियों ने सोने की कीमतों में तेजी का श्रेय घरेलू हाजिर बाजार में ‘अक्षय तृतीया त्यौहार से पहले फुटकर मांग को देखते हुये स्थानीय आभूषण विक्रेताओं की लिवाली बढ़ने तथा वैश्विक बाजार में सर्राफा मांग बढ़ने के कारण मजबूती के रुख को दिया। वैश्विक स्तर…
(PTI) The government today said the Reserve Bank will increase five-fold the printing of Rs 500 notes to deal with cash shortages in certain parts of the country, fuelled partly by hoarding of high denomination currency. Economic Affairs Secretary Subhash Chandra Garg told reporters the government suspects that Rs 2,000 notes are being hoarded as they are not coming back into the circulation fast enough. Cash shortage has been reported from Andhara Pradesh, Telengana, Karnataka, northern Bihar and certain other parts of the country, apparently on apprehensions about safety of deposits due to recent spurt in banking frauds. Observing that…
(Hindustan) प्रधानमंत्री नरेन्द्र मोदी सोमवार की रात स्वीडन की राजधानी पहुंचे। पिछले तीस वर्षों के दौरान किसी भारतीय प्रधानमंत्री का यह पहला द्विपक्षीय दौरा है। एयरपोर्ट पर उनकी अगुवाई स्वीडिश प्रधानमंत्री स्टेफान लोफवेन ने की। 16 से 20 अप्रैल तक पीएम मोदी चार दिवसीय विदेश यात्रा पर होंगे और स्वीडन उनका पहला पड़ाव है। स्टॉकहोम में दोनों प्रधानमंत्री कई मुद्दों पर बातचीत करेंगे। फिर मोदी कॉमनवेल्थ समिट में हिस्सा लेने के लिए रात को ही लंदन पहुंचेंगे। वे बुधवार को ऐतिहासिक सेंट्रल हॉल वेस्टमिंस्टर में दुनियाभर के लोगों को ‘भारत की बात, सबके साथ’ कार्यक्रम में संबाेधित करेंगे। इसी हॉल में स्वतंत्रता…