Reiterating that RBI’s autonomy is within the Act sends the message: ex-officials The Finance Ministry’s statement on Wednesday regarding the Reserve Bank of India and its reiteration of the consultative process with the central bank is welcome. But the fact that it mentioned that the central bank was autonomous within …

They are net sellers at $4 billion, which is the highest for any month in the last 16 years October has turned out to be the worst-ever month for Indian equities in terms of outflows from foreign portfolio investors (FPIs) that are often looked upon as the prime drivers of …

Finance Ministry statement makes no mention of whether Section 7 of RBI Act has been invoked The Ministry of Finance has acknowledged that the autonomy of the Reserve Bank of India is an ‘essential and accepted governance requirement,’ in a statement issued on Wednesday. Significantly, it neither confirmed nor denied …

Protests greet President in Pittsburgh as he meets survivors With U.S. President Donald Trump getting a cool welcome from the Jewish community in Pittsburgh, Israel’s envoys came to his defence, saying it was “unfair and wrong” to link him to the tragedy. Mr. Trump was greeted by hundreds of chanting …

Speaker requests President Sirisena to convene Parliament Sri Lanka’s political deadlock entered its sixth day on Wednesday, with the sacked Prime Minister Ranil Wickremesinghe and former President Mahinda Rajapaksa, appointed in his place, vying for legitimacy. Mr. Rajapaksa, holding additional charge as Finance Minister in the new Cabinet, said: “We …

Christian woman was facing death for ‘insulting Islam’; SC says prosecution failed to prove charges The Supreme Court of Pakistan on Wednesday acquitted Asia Bibi, a Christian woman on death row for blasphemy. This was her final legal appeal before execution. Ms. Bibi was accused of committing blasphemy in 2009. …

‘Few places in coastal T.N. may experience heavy rainfall’ As the northeast monsoon inches closer to coastal areas, several areas in Chennai received intermittent spells of rainfall since Wednesday morning. The onset of monsoon is likely to be announced on Thursday initially in the coastal areas and rain would then …

A writ petition filed by the Tamil Nadu Chemists and Druggists Association had sought a ban on websites that facilitate online sale of drugs. The petition wanted the ban to be in place till the Centre brings into force a legal framework for permitting such sales. Senior counsel AR.L. Sundaresan …

Have not questioned anyone so far, says K.V. Chowdary Chief Vigilance Commissioner K.V. Chowdary on Wednesday said that the commission had not examined any Central Bureau of Investigation officer till now. He added that the commission was still examining the files sought for and sent by the CBI with reference …

‘The Hashimpura massacre victims were not in an enclosed place but were unlawfully detained’ The Delhi High Court on Wednesday held that the killing of 38 Muslims in Hashimpura in 1987 by the Uttar Pradesh Provincial Armed Constabulary (PAC) personnel was a case of custodial death. “In the present case, …