New Delhi feels that Beijing will focus on food security by diversifying imports in view of trade war As the trade war with the United States continues to bite — with only a slim chance that the world’s two biggest economies can go past a possible truce — China appears …
Read More »Of credit rating agencies and credibility
The extent of independence of the ratings committee and quality of analysis warrant close watch The IL&FS saga has brought the spotlight back on credit ratings agencies for all wrong reasons. The last time such a situation arose was in late 2015, when auto ancillary company Amtek Auto defaulted on …
Read More »‘If Tatas enter, Goyal may have to exit Jet’
Tatas seem keen on Jet, due diligence may be over: analysts A deal to acquire Jet Airways may be in the making, now that Tata Sons has clarified that it is holding preliminary discussions with Jet Airways for a possible investment in one of India’s once-high-flying airlines. Analysts expect an …
Read More »Govt. directions to RBI under Sec. 7 unlikely
To meet the government halfway, the RBI may take some steps to boost loans to the MSME sector that had been badly hit by the demonetisation exercise, and which the government is keen to support in an election year. However, it is to be seen how much RBI can do, …
Read More »Experts divided on rehabilitation of tigress Avni’s cubs
Too young to fend for themselves, the year-old siblings will have to be captured and studied before a decision on their relocation is taken Maharashtra is faced with the question of how to rehabilitate the two year-old cubs of Avni, the alleged man-eating tigress of Pandharkwada, who was killed on …
Read More »Govt. directions to RBI under Section 7 unlikely
Easing of PCA framework on the cards at board meeting The Union government may not invoke Section 7 of the RBI Act to issue directions to the central bank, in a bid to reduce the tension between North Block and Mint Road, sources privy to the government’s thinking told The …
Read More »New space industry emerges: servicing satellites in orbit
Fixing them is more profitable to companies than relaunching new ones Imagine an airport where thousands of planes, empty of fuel, are left abandoned on the tarmac. That is what has been happening for decades with satellites that circle the Earth. When satellites run out of fuel, they can no …
Read More »GROWTH-India telescope’s first science observation
The 0.7 m GROWTH-India telescope at the Indian Astronomical Observatory located in Hanle, Ladakh, has made its first science observation which is a follow-up study of a nova explosion. Novae are explosive events involving violent eruptions on the surface of white dwarf stars, leading to temporary increase in brightness of …
Read More »Ganga waterway project cleared
The IWAI contended that clearance was not necessary, as the proposed terminal at Varanasi was not a “port” and that only “maintenance dredging” was required. This activity was required to make an existing channel suitable, and was not a greenfield, dredging effort. Therefore, as per the provisions of the Environment …
Read More »The lowdown on RBI board meeting
The Board of Directors of the Reserve Bank of India (RBI) meets every month to discuss inspection reports of banks and systemically important financial entities, and other routine issues of supervision. The Board now has 18 members, inclusive of the Governor and four Deputy Governors and two top bureaucrats from …
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