(LiveMint) The monetary policy committee (MPC) of the Reserve Bank of India (RBI) raised the repo rate by 25 basis points on 6 June in its last policy review, citing major risks to Consumer Price Index (CPI)-based inflation from crude prices, elevated inflation expectations, HRA provisions by states and increase in minimum support prices (MSPs) of major kharif crops. The MPC, however, sounded more sanguine on growth because of improved capacity utilization and credit offtake, supported by healthy consumption demand. Since the last policy meeting, the price of Indian basket of crude has not changed much. Currently, it is hovering near…
Author: Aruna Sharma
(Hindustan) राजधानी दिल्ली और एनसीआर में गुरुवार की सुबह हुई झमाझम बारिश ने मौसम को खुशगवार बना दिया। उधर, मौसम विभाग ने राजस्थान, मध्य प्रदेश और उत्तराखंड में भारी बारिश की चेतावनी जारी की है। राजस्थान में मौसम विभाग ने अगले दो दिनों में अजमेर, अलवर, बांसवाड़ा, बारां, भरतपुर, भीलवाड़ा, बूंदी, चित्तौड़गढ़, दौसा, धौलपुर, डूंगरपुर, जयपुर, झालावाड़, करौली, कोटा, प्रतापगढ़, राजसमंद, सवाई माधोपुर, सीकर, सिरोही, टोंक, उदयपुर, जालोर, नागौर और पाली में भारी बारिश की चेतावनी दी है। वहीं, उत्तराखंड में क्षेत्रीय मौसम कायार्लय ने अगले 24 घंटों में ‘भारी से बहुत भारी बारिश’ को लेकर अलर्ट जारी किया है। इसके अलावा मध्य…
(ET) India needs an investment of around $76 bn to achieve the balance 103.67 Gigawatt (Gw) of the target of 175 Gw renewable energy capacity by 2020, power and renewable energy minister R K Singh said. India had an installed renewable energy capacity base of 69.78 Gw at the end of March 2018. “To achieve the balance target of 103.67 Gw, investment of around $76 billion has been estimated at present capital cost which includes $53.20 billion as debt and $22.80 billion as equity for the debt-equity ratio of 70:30 as per Central Electricity Regulatory Commission (CERC) norms,” Singh said in a written reply…
(LiveMint) The Parliament approved a legislation to help the government bring back fugitives involved in white-collar crimes to stand trial in India. The fugitive economic offenders bill, 2018 will become law after the President’s assent and will empower the government to seize both local and overseas assets of alleged offenders, such as Vijay Mallya, Nirav Modi and Mehul Choksi, who chose not to return to India to face the law even after arrest warrants were issued. This will help the government confiscate properties of fugitives even before they are convicted, said finance minister Piyush Goyal in his reply to the debate…
(DJ) सुप्रीम कोर्ट ने भाजपा नेता सुब्रह्मण्यम स्वामी को अयोध्या पर अपनी याचिका का उल्लेख करने से रोक दिया। शीर्ष कोर्ट ने बुधवार को कहा कि वह पहले ‘क्या मस्जिद इस्लाम का अभिन्न अंग है’ सवाल पर फैसला सुनाएगा। भाजपा नेता से इसके बाद ही अयोध्या के विवादित स्थल पर पूजा करने का अधिकार दिलाने की मांग करने वाली अपनी याचिका का उल्लेख करने को कहा है। मुख्य न्यायाधीश दीपक मिश्रा की अध्यक्षता वाली पीठ ने राम जन्मभूमि-बाबरी मस्जिद विवाद के मुस्लिम समूह की याचिका पर अपना फैसला 20 जुलाई को सुरक्षित रख लिया था। याचिका में मुस्लिम समूह ने…
(PTI) India’s economy will breach the $5 trillion mark by 2025, Housing and Urban Affairs Minister Hardeep Singh Puri said. Talking about the country’s economy, the Union minister said it is projected that by 2025, it will breach the $5 trillion mark. “And by the time we complete the post-2030 development agenda, India will rank as the third largest economy, with a GDP of over $10 trillion,” he further added. The minister was addressing ‘National Traders Conclave’ organised by Confederation Of All India Traders (CAIT) in New Delhi. Speaking about urbanisation, he said that come 2030, around 40 per cent of India’s population…
(PTI) India has taken note of US reimposing economic sanctions on Iran, the nation’s second-biggest supplier of crude oil, Oil Minister Dharmendra Pradhan. “Indian refineries import crude oil from diverse sources including Iran, depending on technical and commercial considerations,” he said in a written reply in Rajya Sabha. Pradhan, however, did not give a direct reply to the question whether the US has asked some countries including India to wind-up their business with Iran by November 4. “India has taken note of the re-imposition of US Sanctions on Iran in wake of the US pullout from the Joint Comprehensive Plan of Action…
Bharat Heavy Electricals Limited (BHEL) has reported a quantum jump in profitability and order booking in the first quarter of fiscal 2018-19. The company has registered a significant jump of 109% in its profit before tax at Rs.226 Crore, compared to Rs.108 Crore achieved in the corresponding quarter of the previous fiscal. Profit after tax has increased to Rs.156 Crore compared to Rs.81 Crore in Q1 FY 17-18, up by 93%. Significantly, maintaining the trend of topline growth, BHEL has recorded a turnover of Rs.5,790 Crore, against Rs.5,355 Crore recorded in the corresponding period last year, an increase of over 8%. Concerted efforts resulted…
A team of ONGC engineers with support from Indian Navy has successfully plugged a gas leakage on an unmanned offshore platform in Mumbai High South around 180 KM from the sea shore in the Arabian Sea. A gas leakage was observed in one of the unmanned wellhead platforms S1-6, in the south field of Mumbai High. As a safety measure, the platform team immediately initiated all remote actions to shut down the well platform and to bleed off the pressure in the pipe lines. Fire-fighting vessels were instantly deployed near the platform to provide water blanketing by continuously spraying water.…
(LiveMint) The Reserve Bank of India (RBI) has wide-ranging powers to regulate and supervise public sector banks, the government informed Parliament on Tuesday. The government’s statement counters RBI’s stance that the central bank lacks powers to regulate PSU banks, including dismissing banks boards and the management. The statement could be an indication that the government is unlikely to take any steps to address the problem of dual regulation flagged by RBI. PSU banks, at present, are regulated by both the central bank and the government, the majority stakeholder in these banks. Responding to a query in the Rajya Sabha on…