Yearly Archives: 2018

RBI unlikely to open window for NBFCs

‘NBFCs should explore other options’ Amid growing demand for liquidity support for non-banking finance companies, the Reserve Bank of India (RBI) is unlikely to provide any special support to the sector, though it will continue to provide funds to the banking system as liquidity deficit in the system is a …

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IIP growth falters as inflation eases

Industrial production slows to 4.5%; slowing price growth in food, housing cools inflation to 3.31% Growth in industrial activity as measured by the Index of Industrial Production slowed marginally in September to 4.5% due to slowing growth in the manufacturing and capital goods sectors, official data released on Monday showed. …

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No early hearing in Ayodhya case, says SC

On October 29, the court had clarified that the decision on when to start hearing the appeals would be decided by an “appropriate Bench” before which the matter would come up in January. The ABHM is one of the respondents in the appeal filed by legal heirs of M. Siddiq …

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‘Vote bank politics has failed’

People opt for development, says Modi; launches projects for Rs. 2,400 cr. in Varanasi The people of the country are taking decisions based on development and not “politics of vote bank”, Prime Minister Narendra Modi said here on Monday.At an official function in his Lok Sabha constituency, the Prime Minister …

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Heavy rain forecast in six districts

Cyclone Gaja gathers strength over Bay of Bengal The weather office has issued an yellow alert indicating isolated heavy rainfall for Kottayam, Idukki, and Palakkad districts on November 15 and 16 under the influence of cyclonic storm Gaja gathering strength over the Bay of Bengal. An orange alert indicating isolated …

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SC frowns on tardy CVC submission

Bench adjourns hearing on probe into accusations against exiled CBI chief A 24-hour delay by the Central Vigilance Commission (CVC) in filing its report on the inquiry against exiled CBI Director Alok Kumar Verma led the Supreme Court to adjourn Monday’s crucial hearing to November 16 (Friday). The report was …

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Rafale deal not done in a hurry: Centre

Defence procurement procedure was fully followed, SC told The Cabinet Committee on Security (CCS) approved the procurement of the 36 Rafale jets well over a year after the Indo-French Joint Statement to acquire the aircraft “as quickly as possible” was issued, said a government note in the Supreme Court on …

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‘Reckless overprinting’ of govt. publications

The Public Accounts Committee of the Lok Sabha has recommended greater recourse to private printers as one of the measures to reduce wasteful expenditure on Government publications. In its report laid on the table of the House to-day [November 11, New Delhi], the committee has also urged that the expenditure …

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Ripples of discord

A forthcoming paper on the detectionof gravitational waves will be illuminating On September 14, 2015, the Laser Interferometer Gravitational-wave Observatory (LIGO) made the Nobel prize winning detection of gravitational waves. These waves are ripples in the fabric of space-time, arising from the merger of a pair of black holes in …

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The crisis deepens

Dissolution of Sri Lanka’s Parliament negates the letter and spirit of constitutional reforms Sri Lankan President Maithripala Sirisena has dissolved Parliament after it became evident that Mahinda Rajapaksa, who he had appointed Prime Minister two weeks ago, did not enjoy a legislative majority. It is an act of desperation to …

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The RE is an inversion of the Rashomon effect

Data on the various themes dealt with in this column Since the release of Akira Kurosawa’s iconic film, Rashomon , in 1950, the term Rashomon effect has come to denote a range of ideas in politics, economics, psychology and the arts. The broad consensus about the meaning of this term …

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