GS-III

Market may turn jittery: Economists

Market may turn jittery

Urjit Patel’s resignation as the RBI Governor will cause jitters in the stock market and uncertainty over the central bank’s policies regarding non-monetary policy issues such as Prompt Corrective Action (PCA) norms, and diluting the Insolvency and Bankruptcy Code rules for power sector companies, economists have cautioned. “This [the resignation] …

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Direct tax collections surge 15.7% in Apr.-Nov.

Direct tax collections

Gross direct tax collections surged 15.7% to Rs. 6.75 lakh crore for April-November, the finance ministry said in a statement on Monday. Refunds worth Rs. 1.23 lakh crore have been issued in the eight months of the current fiscal, which is 20.8% higher than refunds issued in the same period …

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Sour notes in ties with Centre

Sour notes

The government had appointed Urjit Patel as Reserve Bank of India (RBI) Governor after his predecessor Raghuram Rajan’s tenure ended. With Dr. Patel’s appointment in September 2016, it was believed that the ties between the Centre and the RBI would improve. However, the relationship showed signs of stress just after …

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HC questions Maharashtra on job ads

HC questions

The Bombay High Court on Monday questioned the Maharashtra government on the advertisements issued by the State to fill jobs under reservation granted to the Maratha community A Division Bench of Chief Justice Naresh Patil and Justice MS Karnik was hearing a bunch of public interest litigations and petitions opposing …

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London court orders extradition of Mallya

extradition of Mallya

Chief Magistrate Emma Arbuthnot on Monday ordered businessman Vijay Mallya to be extradited to India, and referred the case to British Home Secretary Sajid Javid for signing the extradition order. Mr. Mallya will now have 14 days to lodge an appeal. In ruling against Mr. Mallya, the judge at Westminster …

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Navy on a major capability upgrade

Ensures presence of at least one major ship at choke points Against the backdrop of increasing responsibilities in the Indian Ocean Region (IOR) with the rising Chinese presence, the Indian Navy has embarked on a major capability upgrade. A Navy officer said that this year, on an average, 35 Navy …

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Let experts review GDP data: ex-CEA

Amid a raging controversy over the revised economic growth numbers, former Chief Economic Adviser Arvind Subramanian has called for an investigation by experts to clear doubts and build confidence, while noting that the “puzzle” about the data needs to be explained. In an interview to PTI, Dr. Subramanian stressed that …

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Therapy apps may help beat stress

Self-guided, internet-based platforms can help people cope with depression Scientists have found that a series of self-guided, internet-based therapy platforms effectively reduce depression. Researchers from Indiana University (IU) in the U.S. reviewed 21 pre-existing studies with a total of 4,781 participants. In the past several years, many internet-based apps and …

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Former CEA calls for expert review of back series data

‘Puzzle’ about data needs explanation: Arvind Subramanian Amid raging controversy over the revised economic growth numbers, Former Chief Economic Adviser Arvind Subramanian has called for an investigation by experts to clear doubts and build confidence while noting that the “puzzle” about the data needs to be explained. He stressed that …

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