Yearly Archives: 2018

President’s Rule in J&K from today

Rule in J&K

President’s Rule will come into force in Jammu and Kashmir from Thursday, after expiry of six months of Governor’s Rule, an official order said on Wednesday. President Ram Nath Kovind signed the proclamation paving the way for imposition of Central rule in the State which was placed under Governor’s Rule …

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9% growth by 2022 must to generate jobs: NITI Aayog

NITI Aayog

Raise investment, reform agriculture and codify labour laws: vision document A growth rate of 9% is essential to generate enough jobs and achieve universal prosperity, according to a vision document released by NITI Aayog on Wednesday. Towards this, the ‘Strategy for New India @75’ document recommends a number of steps, …

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Rupee strengthens 1.5% against dollar

Falling crude oil prices helped the rupee record its highest gain in over five years on Tuesday. The Indian currency appreciated by 112 paise against the U.S. dollar. After making a strong opening at 71.34 a dollar, as compared to the previous close of 71.56, the currency gained further in …

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Bolstering Paris

The UN Climate Conference held in Katowice, Poland, has moved ahead with the implementation of the Paris Agreement through a rule book, reflecting strong support among citizens of all countries for urgent action to avert dangerous climate change. Public pressure has prevailed over scepticism, although the outcome does not adequately …

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Restoring the balance

Maldivian President Ibrahim Mohamed Solih’s three-day visit to India this week seems to have brought a tumultuous phase in India-Maldives ties to a close. This is Mr. Solih’s first overseas visit after becoming the President of the Indian Ocean nation of 400,000 people. He defeated Abdulla Yameen in a surprise …

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‘There is no question of going back to the paper ballot’

The former Chief Election Commissioner on the EVM controversy, why the Supreme Court verdict on criminals in politics is a missed opportunity, and electoral bonds The debate on the reliability of electronic voting machines (EVMs) refuses to settle, with political parties continuing to voice their concerns about malfunctioning machines. Former …

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The slow, tortuous path to justice

Sajjan Kumar is likely to spend New Year’s Day, in 2019, in prison. Thirty-four years after the assassination of Prime Minister Indira Gandhi and the killings of Sikhs that followed, a political leader who may have electorally benefitted from communal violence has been sentenced to imprisonment for life. The wheel …

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RBI officers protest over promotion policy

Hundreds of Reserve Bank of India (RBI) officers joined a protest at the central bank’s headquarters here on Tuesday against a recent change in the promotion policy, Reserve Bank sources said. The protest, which started around lunchtime, went on till the evening prompting some senior central bank officials to discuss …

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RBI scales up liquidity infusion

The Reserve Bank on Tuesday said it had decided to scale up the amount of liquidity infusion by Rs. 10,000 crore to Rs. 50,000 crore this month, after a review of the evolving liquidity conditions. The central bank had earlier announced to infuse liquidity amounting to Rs. 40,000 crore through …

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Govt. unearths GST evasions of Rs. 12,766 cr.

The government has detected 3,196 cases of Goods and Services Tax evasion amounting to Rs. 12,766.85 crore in this financial year up to November 2018, according to the Finance Ministry. Of this, an amount of Rs. 7,909.96 crore has been recovered between April and November 2018, according to data provided …

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Price IPOs reasonably: SEBI

The capital markets regulator has asked investment bankers to do more due diligence and price public issues more reasonably so that it would be acceptable to both investors and issuers. “IPOs not clicking is something, which is a cause of worry… Merchant bankers have a role to see that it …

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U.S. military to have a ‘Space Command’

U.S. President Donald Trump on Tuesday ordered the creation of “Space Command”, a new organisational structure within the Pentagon that will have overall control of military space operations. The command will be separate from Mr. Trump’s goal to build an entirely new branch of the military called “Space Force,” which …

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Rajapaksa named leader of Opposition

Former President Mahinda Rajapaksa was on Tuesday named the Leader of Opposition in the Sri Lankan Parliament, but rival lawmakers contested his eligibility to hold the position. The Speaker has said that he would consider the objections and give a ruling on Friday. Number of MPs Days after he stepped …

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