A decision by the Monetary Policy Committee (MPC) to leave the repo rate unchanged would have been difficult. It is difficult to choose between rising inflation and a sudden slowdown in economic growth. Although the MPC has cut the cash reserve ratio (CRR) this time, we expect it to go further and take a stab … Read more
President Emmanuel Macron has vowed to stay in office until the end of his term in 2027 after Prime Minister Michel Barnier’s minority government dramatically collapsed in a historic vote in France’s National Assembly on Wednesday. Barnier, a veteran conservative appointed by Macron only in September, has become the shortest-serving prime minister of the French … Read more
The Delhi High Court on Friday sought the Centre’s position on a petition by former BJP MP Subramanian Swamy seeking a court direction to the Ministry of Home Affairs (MHA) on his allegations regarding the citizenship status of Congress MP Rahul Gandhi. The court, which was headed by Chief Justice Vibhu Bakhru and Justice Tushar … Read more
According to the World Bank, South Asia, “supported by strong domestic demand in India and rapid recovery in most South Asian countries,” is on track to become the world’s fastest-growing region. The bank has predicted that the growth rate of this sector will remain at 6.4 percent for the next two years. The volatility is … Read more
Cyclone Fengal, which made landfall near Puducherry on November 30, was a low-intensity storm as it maintained wind speeds of around 75-95 kmph. However, the cyclone has left a trail of destruction. At least 12 people died, mostly in Tamil Nadu, many properties were damaged, and large areas of standing crops were destroyed. Why did … Read more
December 7, 2024 02:30 IST First published: December 7, 2024 at 02:30 IST Share it At the December meeting of the Monetary Policy Committee, there was a debate over whether a sharp decline in growth would warrant a cut in interest rates even as inflation remained at the upper threshold of the RBI’s inflation targeting … Read more
Gujarat’s famously intricate silk patola also has an Indonesian royal history. Patolas, woven using the complex double ikat technique, where both the warp and weft threads are tied and dyed to the desired pattern before weaving, a process that takes months for a piece, were once a prized possession in early 18th-century Indonesia. This will … Read more
President Vladimir Putin said on Friday that Russia could deploy its new Oreshny intermediate-range hypersonic missile to the territory of its ally Belarus in the second half of next year. Putin was responding to a request from Belarusian President Alexander Lukashenko at a summit in Minsk, where the two leaders signed a mutual defense pact. … Read more
The Narmada district administration was rendered unconscious for more than six hours on Friday after a man and a woman from two villages affected by the Narmada project climbed the telecom tower in Kevadia Colony to press for the demands raised in 2016. They agreed to come down the tower only after Sardar Sarovar Rehabilitation … Read more
December 7, 2024 02:00 IST First published: December 7, 2024 at 02:00 IST Share it There is a Japanese proverb that roughly translates to “A parent’s word and cold sake have an effect later.” The first may indeed be true but the second not so much. For a drink that dates back to the 8th … Read more