GS-III

As new data comes in, we would look into changing our policies, says RBI Governor It is important that the fiscal deficit target is maintained, says RBI Governor Urjit Patel, in an interaction with the media. Edited excerpts: Is there a risk to fiscal deficit in an election year as …

‘The agencies seem to have gone by names of IL&FS’ shareholders, overlooking the cash flow situation’ The role of credit rating agencies has come under the scanner in the wake of the Infrastructure Leasing & Financial Services Ltd (IL&FS) imbroglio. IL&FS and its subsidiaries were rated AAA for their commercial …

Changes policy stance to ‘calibrated tightening’ to indicate that rates can only rise or stay stable hereon in this cycle Contrary to market expectation, the Monetary Policy Committee of the Reserve Bank of India (RBI) has decided to hold the key policy rate at 6.5% in the fourth bimonthly policy …

Confirms Canine Distemper Virus killed Gir animals The Indian Council for Medical Research (ICMR) has confirmed that the Canine Distemper Virus (CDV) was responsible for lion deaths in the Gir forest of Gujarat and recommended that the remaining lions be vaccinated to prevent further outbreaks. This goes against recommendations by …

Policy doesn’t go down well with markets; rupee takes a hit Ahead of the festival season, consumers have been spared the burden of another increase in their EMIs (equated monthly instalments), thanks to the Reserve Bank of India holding its key rate unchanged at 6.5% in its policy review announced …

Survey conducted in 2011 still holds good: Centre The Centre on Friday dismissed the need for conducting a fresh study on the backwater effect of the Polavaram dam on Telangana, Odisha and Chhattisgarh. The Union government made its position clear in the litigation when it submitted before a Bench led …

DST institutes awards for best designs The Department of Science and Technology (DST) is commemorating the 150th birth anniversary of Mahatma Gandhi with a project to give a fillip to solar cooking. As the first of many activities taken up by the government to uphold Gandhi’s ideals, DST has instituted …

Canadian Cancer Society releases international status report India has been ranked fifth in the listing of countries that have pictorial health warning on tobacco products, with experts here quick to add that the country is making tremendous progress towards creating public awareness on the health hazards of tobacco abuse. ‘The …

Personal I-T collections increase 19.1% Gross direct tax collection during the first six months of the financial year rose 16.7% to Rs. 5.47 lakh crore, the Finance Ministry said on Thursday. “The provisional figures of direct tax collections up to September 2018 (half-yearly figures) show that gross collections are at …

Decision after creditors’ committee appeals to Bench for another chance to parties to pay off debts The Supreme Court on Thursday struck a reconciliatory note in the ArcelorMittal-Numetal spat in relation to the auction of distressed Essar Steel by giving both companies a fortnight to pay off the NPAs of …