Yearly Archives: 2018

RBI carries the bat

The Reserve Bank of India seems to have carried the day, after all, in Monday’s marathon 9-hour board meeting. Going by the brief statement that it put out, of the six deliveries that it had to play, the RBI has shouldered arms to two — PCA relaxation and capital framework …

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Talks on with 150 nations to reform WTO: Prabhu

Multilateral trading system is under stress, says Minister Commerce Minister Suresh Prabhu on Monday said he was in talks with at least 150 countries to work out the way forward for reforming the World Trade Organisation (WTO). He said that the multilateral trading system was under stress and a number …

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Republicans expand Senate majority

With their Florida victory, they now have 52 seats; Mississippi will see a run-off Bill Nelson, incumbent Democrat Senator from Florida, conceded the Senaterace to his Republican opponent, Governor Rick Scott, on Sunday afternoon after a prolonged and bitterly fought battle. A Statewide manual recount of votes left Mr. Nelson, …

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May reaches out to businesses

Cites Indian software developers, JLR in bid to convince industry of Brexit deal British Prime Minister Theresa May continued to defy her critics as she reached out to businesses, with an attempt to focus on her vision for the post-Brexit immigration regime. EU nationals, regardless of skill level, could no …

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Sri Lanka House adjourned till Friday

MPs aligned to Ranil seek the suspension of state funds to the PM’s Office, now occupied by Rajapaksa The Sri Lankan Parliament, which met on Monday following violence and disruption last week, was adjourned minutes after it convened, without a resolution to the ongoing political crisis. Lawmakers aligned to ousted …

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Army selects Russian Igla-S missile

India has picked Russia’s Igla-S missile system as the choice for the Army’s multibillion dollar contract for man-portable air defence systems, officials said on Monday. “The Igla-S bid from Rosoboronexport of Russia has been declared the L1 in the Very Short Range Air Defence (VSHORAD) deal,” said a defence official …

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Govt., RBI call truce after board meeting

“The Board also advised that the RBI should consider a scheme for restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to Rs. 250 million [Rs. 25 crore] , subject to such conditions as are necessary for ensuring financial stability,” the RBI said. On the …

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Viewing Kartarpur via telescope

Govt. to instal instrument for across-the-border view of the gurdwara India plans to install a “high-powered telescope” in Punjab’s Gurdaspur for Sikh devotees to view Gurdwara Kartarpur Sahib across the border in Pakistan, the Home Ministry said on Monday. This is part of a series of projects planned to commemorate …

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Maratha quota is a betrayal: OBC groups

‘The community can’t be included in SEBC category’ A day after Maharashtra Chief Minister Devendra Fadnavis announced a new Socially and Educationally Backward Class (SEBC) category under which Marathas will be given reservation, organisations of the Other Backward Classes (OBCs) said on Monday that this was an attempt to give …

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Dharmapuri bus burning convicts set free

Governor clears request for release of 3 AIADMK men Three AIADMK men, serving life sentences for setting ablaze a bus in Dharmapuri resulting in the death of three girls of the Tamil Nadu Agricultural University (TNAU), were granted remission and set free from the Vellore Central Prison on Monday. Jayalalithaa …

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If you dump garbage, be ready to go to court

Though the fine is not more than Rs. 500, police hope the legal process will act as a deterrent If the beat policeman catches you dumping garbage on the roads, be prepared to go to the court to battle charges of “spreading disease”. In the past 10 days, as many …

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Defaulters list: CIC pulls up PMO

Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and former RBI Governor Raghuram Rajan’s letter on bad loans. The panel pulled up the PMO for not complying with its directive to disclose the letter from Dr. …

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