India

16 Jul

Indian economy to witness substantial slack in FY22

editor0 CommentsBusiness, India

Reserve Bank of India (RBI) has said that there will be “substantial slack” in growth for the Indian economy, although it is poised to recover and witness positive growth in the current fiscal. The RBI Bulletin for July 2021 noted that the economy is struggling to regain the momentum of recovery that had started in the second half of 2020-21 but was interrupted by the second wave of Covid. “Even with a 9.5 per cent GDP growth in 2021-22, there will be substantial slack in the economy and demand pressures may take some more time to become evident,” it said.…

16 Jul

Indian photojournalist Danish Siddiqui killed in Afghanistan clashes

editor0 CommentsAccident, India, international

Indian photojouralist Danish Siddiqui was killed while covering a clash between Afghan security forces and Taliban fighters in Spin Boldak district of Kandahar city on Friday. He was on a reporting assignment embedded with the Afghan Special Forces.Condoling Danish Siddiqui's demise, Farid Mamundzay, the Afghanistan’s Ambassador to India, tweeted: "Deeply disturbed by the sad news of the killing of a friend, Danish Seddiqi in Kandahar last night. The Indian Journalist & winner of Pulitzer Prize was embedded with Afghan security forces. I met him 2 weeks ago before his departure to Kabul. Condolences to his family & Reuters."Danish Siddiqui, a…

16 Jul

No fuel price hike on Friday

editor0 CommentsBusiness, India

Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday to analyse the global oil price movement before making further revisions. Accordingly, petrol continues to be priced at Rs 101.54 a litre and diesel 89.87 a litre in the national capital. On Thursday, oil companies raised the price of petrol and diesel by 35 paise and 15 paise per litre respectively in the National capital taking the fuel rates to new highs. Across the country as well the fuel prices remained unchanged on Friday but the rates varied depending on the level of local taxes in…

16 Jul

Heavy rains pound Mumbai, local trains hit

editor0 CommentsIndia

Heavy overnight rains lashed Mumbai and the Mumbai Metropolitan Region (MMR) hitting road and rail traffic, though flight operation at the Chhatrapati Shivaji Maharaj International Airport was normal. Water-logging was reported from chronic spots of Dadar, Parel, Wadala, Sion, besides low-lying areas in Malad, Santacruz, Dahisar. While the suburban services on the Central Railway were hit badly with delays of over 30-minutes due to speed restrictions, Western Railway traffic has not been affected. K.S. Hosalikar, Head of Climate Research and Services, Pune shared the latest satellite images at 8.30 a.m. indicating intense clouds over Mumbai suburbs and Thane leading to…

15 Jul

Raju Bista appointed as BJYM’s National General Secretary

editor0 CommentsIndia, North Bengal, Political, West Bengal

Bharatiya Janata Yuva Morcha (BJYM) has released the list of its new executives. In the new team, special importance has been given to Bengal. A statement issued by BJP on Wednesday said that during a meeting with the party's president JP Nadda, Raju Bista has been appointed as the National General Secretary of the party.Apart from Raju Bista, Anup Saha, MLA of Dubrajpur in Birbhum district, has been appointed as the national vice-president of the BJP's youth wing.

15 Jul

India’s wicketkeeper-batsman Rishabh Pant tests positive for COVID-19

editor0 CommentsIndia, Sports

India's wicketkeeper-batsman Rishabh Pant has tested positive for COVID-19 and will not travel with the Test squad to Durham, where Team India will reassemble to begin preparations for the England series. A BCCI source confirmed that it was Pant who tested positive and was in isolation for the past eight days. He is, according to the source, asymptomatic at this point. "He is in quarantine at an acquaintance's place and won't be travelling with the team to Durham on Thursday," he said without divulging when the 23-year-old will join the squad. A few weeks earlier the player was spotted with…

15 Jul

Mastercard ban: RBL Bank’s credit card issuance to take hit, switches to Visa

editor0 CommentsBusiness, India

RBL Bank said that its credit card issuance rate will be impacted post the Reserve Bank barring Mastercard Asia Pacific from onboarding new credit, debit and prepaid card customers with effect from July 22. RBL Bank, which currently issues credit cards on the Mastercard network only, said it has entered into an agreement with Visa Worldwide on Wednesday to issue credit cards enabled on the Visa payment network. The bank expects to start issuing credit cards on the Visa payment network post the technology integration, which is expected to take 8 to 10 weeks. “Our bank’s current run rate of…

15 Jul

L&T Tech Services shares zoom over 17 pc after Q1 earnings

editor0 CommentsBusiness, India

Shares of L&T Technology Services (LTTS) on Thursday zoomed over 17 per cent after the company reported a massive jump in its June quarter net. At 1.54 pm, LTTS stock zoomed 17.72 per cent to Rs 3,426, with its 52-week high of 3447.35 at the BSE. L&T Technology Services on Wednesday reported an 84 per cent jump in its June quarter net at Rs 216.2 crore, largely on widening margins. The company, the engineering and research and development services arm of the infra major L&T, had posted a net profit of Rs 117.2 crore in the year-ago period. Its overall…

15 Jul

Skill, reskill & upskill: Modi’s mantra for ‘Aatmanirbhar Bharat’

editor0 CommentsBusiness, India, Political

Underlining the importance of skills in the Indian culture, Prime Minister Narendra Modi on Thursday exhorted the stakeholders to continuously “skill, reskill and upskill” to achieve ‘Aatmanirbhar Bharat’ (self-reliant India) goal, and that India providing smart and skilled manpower solutions to the world should be at the core of strategy of skilling our youth. He said skill development of the new generation is a national need and is the foundation of ‘Aatmanirbhar Bharat’ to take India forward from 75 years to 100 years. Taking note of huge demand for reskilling due to fast changing technology, the Prime Minister emphasised that…

15 Jul

Sedition law ‘colonial’, used against Gandhi, Tilak: SC

editor0 CommentsIndia

The Supreme Court on Thursday questioned the Centre on the utility of having sedition law even after 75 years of independence. The Court also expressed its concern on sedition law being misused by police against persons who speak against the government. A bench headed by Chief Justice N.V. Ramana said: “It is a colonial law used by the British to silence Mahatma Gandhi, Tilak. Still, it is necessary after 75 years of independence?” Chief Justice told Attorney General K.K. Venugopal, “I am indicating, what I am thinking”. The bench cited the example of continued usage of section 66A of the…