GS-III

Seepage issue to dominate polling in Hanumangarh

In the agriculturally-rich Hanumangarh district of northern Rajasthan, the seepage of water from the Indira Gandhi Canal into about 30 villages of Pilibanga and Rawatsar blocks is set to decide the depth of support to different political parties in the Assembly election. Two generations of farmers, facing the problem for …

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Curbs in Andamans may be back

The Chairman of the National Commission for Scheduled Tribes, Nand Kumar Sai, has said the Centre may like to revisit its decision to lift the Restricted Area Permit (RAP) system from 29 islands of Andaman and Nicobar, after the death of U.S. citizen John Allen Chau. Mr. Sai, who is …

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Virus used to speed up computers

Scientists have successfully used a virus to engineer a better type of memory in computers. The research, published in the journal Applied Nano Materials , found that a key way to develop faster computers is to reduce the millisecond time delays using the virus M13 bacteriophage. These delays usually come …

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Uniparts India files IPO papers with Sebi

Uniparts India, manufacturer of engineering systems and solutions, has filed draft papers with the markets regulator SEBI to float an initial public offering. The IPO comprises fresh issuance of shares worth Rs. 100 crore besides an offer for sale of 1,30,60,770 stocks by existing shareholders, according to the draft red …

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Extend GST return filing deadline: CAIT

The Confederation of All India Traders (CAIT) has written to Finance Minister Arun Jaitley asking him to push the deadline for filing of annual GST returns to March 31, 2019 from December 31, 2018, now. “It is to bring to your kind notice that till today the format of filing …

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Air quality ‘very poor’ in Delhi

Delhi’s air quality remained ‘very poor’ on Thursday, with seven areas recording ‘severe’ air quality. The Central Pollution Control Board listed an overall air quality index (AQI) of 355. An AQI between 201 and 300 is considered ‘poor’, 301 and 400 ‘very poor’ and 401 and 500 is ‘severe’. A …

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Policy to double agri exports approved

Separately, the Cabinet also gave its ‘in-principle’ approval for the strategic sale of the government’s existing 52.63% total paid-up equity shareholding in Rural Electrification Corporation to the Power Finance Corporation, along with the transfer of management control. “In my Budget speech, I had said that where multiple PSUs are operating …

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‘Cash Reserve Ratio not in MPC ambit’

In the post-policy interaction with the media, RBI Governor Urjit Patel declined to answer questions on the issues of RBI autonomy and rift with the government. You have given some hope on interest reversal, that is, in case the upside risks [to inflation] do not materialise. So when will the …

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IRD market: draft NRI norms on participation issued

Move will permit flexible hedging of rupee interest rate risk The Reserve Bank of India (RBI) Wednesday issued draft guidelines on non-residents’ participation in the interest rate derivative (IRD) market. The draft norms have proposed non-resident Indians’ (NRIs) access to the IRD market, allowing them to hedge their rupee interest …

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External benchmarks make an entry

Linking retail loans with external yardstick aimed at bringing in more transparency in pricing In a bid to bring in more transparency to loan pricing mechanism, particularly for small borrowers, the Reserve Bank of India (RBI) has asked banks to link the floating interest rate on retail loans and loans …

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Reserve Bank stands pat on rates

The Reserve Bank of India (RBI) has left the key interest rate or the repo rate unchanged at 6.5% during the fifth bimonthly monetary policy review on Wednesday — which was on expected lines — while maintaining the ‘calibrated tightening’ stance though it reduced the inflation projection sharply. All the …

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Modi’s priority is clean Ganga: Gadkari

Prime Minister Narendra Modi had suggested that efforts must first be made to clean the Ganga and then the question of ensuring environmental flows could be addressed, Nitin Gadkari, Union Water Resources Minister, said at the India Water Impact Summit here on Wednesday. This is a significant statement, as prioritising …

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