(LiveMint) The Reserve Bank of India (RBI) kept its policy rates on hold on Thursday and retained its “neutral” stance but lowered its inflation call, reducing the odds of a near-term rate hike and spurring a rally in stocks and bonds. The RBI kept its policy repo rate unchanged at 6% for the fourth straight meeting as unanimously expected by 61 respondents in a Reuters poll. That level is the lowest since November 2010. It also kept the reverse repo rate unchanged at 5.75%. Five of six members on the monetary policy committee (MPC) voted for a hold, while one wanted a hike…
Author: Aruna Sharma
(PTI) Amid an uproar over higher fuel rates, Union Petroleum Minister Dharmendra Pradhan today said the inclusion of petroleum products under the ambit of the Goods and Services Tax (GST) will bring the products under a rational tax mechanism. Speaking to reporters at the Raipur airport this evening, he said the prices of petrol and diesel are linked with the international market and they fluctuate as per the global prices. Whenever there is hike in crude petroleum rates in the international market, it leads to an increase in fuel prices in the Indian market, Pradhan said while replying to a query…
Today Responsibility and Sustainability is the buzzword for each and every organization, whether it is a Government Ministry/ department, Public sector companies, MNCs or even Private Corporate. In fact the new company law also mandated to share some part of the profit for the well being of the society in form of CSR contribution by all the companies including MNCs and private companies. For Government and Public Sector Companies this becomes much more important as it is their prime responsibility before profit to give back to the nature and society whatever they take from them. This is the supreme “Principal…
(LiveMint) The government will take a host of steps to protect the interests of Air India employees after the sale of a 76% stake in the national carrier, the details of which are being worked out in talks with staff unions, minister of state for civil aviation Jayant Sinha said in an interview. The minister also said that the disinvestment, expected to be consummated by September, is designed to ensure integrity and confidentiality at every stage of the Air India sale. The employee protection plans under consideration include a voluntary retirement scheme (VRS), an employee stock option (ESOP) scheme, a government-funded…
(DJ) पंजाब नेशनल बैंक के लोन घोटाले की जिम्मेदारी भारतीय रिजर्व बैंक पर डालते हुए मुख्य सतर्कता आयुक्त (सीवीसी) के. वी. चौधरी ने मंगलवार को कहा कि केंद्रीय बैंक द्वारा घोटाले की अवधि में ‘स्पष्ट ऑडिट’ नहीं किया गया। उन्होंने कहा कि ऑडिट के लिए और कठोर व्यवस्था अपनाए जाने की जरूरत है।एक इंटरव्यू में चौधरी ने कहा कि रिजर्व बैंक ने ठोस तरीके से ऑडिट नहीं किया। सीवीसी 13000 करोड़ रुपये के पीएनबी घोटाले की जांच कर रही सीबीआइ के कामकाज की देखरेख करता है। बैंकिंग सेक्टर के लिए नियामक की जिम्मेदारी रिजर्व बैंक के पास है लेकिन सीवीसी…
(ET) The Election Commission of India is likely to plead in the Supreme Court that linking of Aadhaar number with voter ID-cards be made voluntary and not mandatory. The SC is set to hear a public interest litigation that seeks to link Aadhaar with electoral voter ID cards later this month. According to insiders, EC is looking at offering incentives such as online voting rights or option of voting through postal ballots to voters who would link their Aadhaar numbers to voter ID cards. “This could begin as a service for differently abled voters who may find it difficult to go…
(AU) यूपी में निजी स्कूलों की मनमानी रोकने के लिए योगी कैबिनेट ने मंगलवार को शुल्क निर्धारण अध्यादेश के प्रारूप को मंजूरी दे दी। इसके मुताबिक निजी स्कूल न तो मनमानी फीस वसूल सकेंगे और न ही पांच साल से पहले यूनिफॉर्म बदल सकेंगे। यूपी स्ववित्तपोषित स्वतंत्र विद्यालय (शुल्क का निर्धारण) अध्यादेश-2018 के दायरे में 20 हजार रुपये से अधिक सालाना फीस लेने वाले सभी स्कूल आएंगे। सीएम योगी आदित्यनाथ की अध्यक्षता में हुई कैबिनेट बैठक के बाद उप मुख्यमंत्री डॉ. दिनेश शर्मा ने कहा कि प्रस्तावित अध्यादेश शैक्षिक सत्र 2018-19 से लागू होगा। सीबीएसई, आईसीएसई और यूपी बोर्ड समेत…
(LiveMint) It wasn’t an entirely celebratory mood at the Press Club of India in New Delhi on Tuesday evening, even though the (I&B ministry) had withdrawn punitive measures for checking fake news announced a day earlier. The measures, contained in a press release, “Guidelines for accreditation of journalists amended to regulate fake news”, caused widespread outrage among media organizations and were withdrawn after Prime Minister Narendra Modi’s intervention. The press release said that any complaint on fake news would be referred to the Press Council of India for print media and the News Broadcasters Association for electronic media. If confirmed as…
(PTI) Finance Minister Arun Jaitley was today once again appointed as the Leader of the Rajya Sabha following his re-election to the House. The 65-year-old Jaitley’s term had ended yesterday. Upon re-election from Uttar Pradesh, he has again been named as Leader of the House, Chairman M Venkaiah Naidu said in the Rajya Sabha today. When the House met for the day, Naidu said he has received a letter from Parliamentary Affairs Minister Ananth Kumar stating that the prime minister has appointed Jaitley as the Leader of the Rajya Sabha. Incidentally, Jaitley did not take oath as a member of the Rajya…
(LiveMint) National highway construction in the country hit an all-time high of 9,829km in 2017-18, indicating average road construction rose to 27km/day from 11km/day in the last five years. Road transport and highways minister Nitin Gadkari on Tuesday said his ministry had reached its target of 27km/day and was hopeful of reaching a figure close to 40km/day during the current fiscal. Gadkari said the Prime Minister was very happy with the achievement. Gadkari revealed that the ministry was working on several greenfield projects under Bharatmala with new alignments that would shorten distances and reduce travel time. The projects include the Delhi-Mumbai…