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Updates: Interest rate cut at this stage will be premature and very very risky, says RBI Governor

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Shaktikanta Das, Shaktikanta, RBI Governor

Mumbai: Reserve Bank of India (RBI) Governor Shaktikanta Das arrives for a press conference, in Mumbai, Friday, June 7, 2024. (Photo: PTI)

RBI Governor Shaktikanta Das on Friday asserted that India's growth story remains intact. Earlier,  Das had stated that India needs a clear and unambiguous focus and commitment to lower inflation to its 4 per cent goal.

Amid the rising pollution levels in Delhi, Environment minister Gopal Rai today stated that the government has formed a coordination committee each to identify and mitigate local sources of pollution at 13 locations in the city stifled with "very poor" air. 

A former Indian intelligence officer, Vikash Yadav, has been charged by the United States for allegedly planning a failed assassination attempt against Gurpatwant Singh Pannun, a Khalistani separatist leader with US and Canadian citizenship living in New York. The charges brought by the US Justice Department include murder-for-hire and money laundering. Yadav,  previously associated with the Research and Analysis Wing (RAW), has been accused of  initiated the plot in May 2023 and working with various collaborators both within India and internationally to try to carry out the killing. Yadav, who is believed to be no longer a government employee, has been charged with three counts, including murder-for-hire and conspiracy to commit money laundering. He “remains at large”, the Department of Justice said. His co-conspirator Nikhil Gupta was arrested in Czechoslovakia last year and is languishing in a US jail after extradition.

Hamas leader Yahya Sinwar was killed during a gun battle in southern Gaza on Wednesday by Israeli troops who were initially unaware that they had caught their country's number one enemy, Israeli officials said. Intelligence services had been searching for Sinwar for months and had been gradually restricting the area where he could operate, the military said on Thursday, after dental records, fingerprints and DNA testing provided final confirmation of Sinwar's death.

India's growth rate is the shiniest part in the global economy, World Bank president Ajay Banga said on Thursday, noting that a lot of this is driven by the domestic market. There is no doubt that India's growth rate is among the shiniest parts in the world economy. I think being able to grow at six, seven per cent and more in this kind of environment shows you that they've done a number of things to get there, Banga said.

10:51 PM

BRICS not anti-West, only non-West, says Russian President Putin

Days ahead of the BRICS Summit in his country, Russian President Vladimir Putin on Friday asserted that the grouping is not anti-West but just “non-West”, crediting Prime Minister Narendra Modi for this observation. At an interaction with a select group of foreign journalist here, he slammed the US and western nations for backing Ukraine in the war with Russia. 
10:23 PM

Haryana govt implements sub classification of Scheduled Castes

In its first meeting, the Nayab Singh Saini-led Haryana Cabinet on Friday announced that the state government would implement, with immediate effect, the Supreme Court’s order on the sub-classification of Scheduled Castes (SCs). The move, a first in the country after the apex curt order, is intended to further consolidate the Bharatiya Janata Party (BJP)’s Dalit outreach in the state
9:48 PM

Tata Steel, Tenova partner for electric arc furnace at Port Talbot plant

Tata Steel signed a contract with Italy-based Tenova on Friday for an electric arc furnace at its Port Talbot plant in Wales, weeks after Britain's biggest steelworks ended blast furnace-based production. The closure of the last blast furnace at Port Talbot, once the largest steel works in Europe, was the culmination of decades of decline in Britain's steel industry, which has struggled to compete with low-cost imports.
8:14 PM

BJP president JP Nadda meets religious leaders in Mumbai

BJP president J P Nadda on Friday met several religious and spiritual leaders here as part of his party's outreach program ahead of the Maharashtra assembly elections. The closed-door meeting was held at an auditorium in Vile-Parle area. Maharashtra is set to go to polls on November 20.
7:36 PM

Govt receives 44 bids in tenth round of commercial coal mine auction

The government on Friday said that 44 bids have been received for 67 coal blocks put for sale under the 10th round of commercial mines auction. A total of 44 bids were submitted in physical form. The coal ministry in June put on sale 67 coal mines for auction under the 10th round of commercial mines auction.
7:07 PM

India among 5 countries with largest number of people living in poverty: UN report

India is among the five countries globally with the largest number of people living in poverty, according to the UN report that said 1.1 billion people, over half of them minors, live in acute poverty worldwide. The latest update of the global Multidimensional Poverty Index (MPI) was released on Thursday by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) based at the University of Oxford.
6:43 PM

Entire world wants to do business with India, says minister Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Friday said the entire world wants to do business with India today as the country's fundamentals are strong. He said that inflation is under control, foreign exchange reserves crossed $ 700 billion and the country is recording healthy economic growth rates.
6:30 PM

Iraqi security forces' strikes kill four members of ISIS

Iraqi security forces conducted precision air strikes in northeastern Iraq on Oct 14, killing four members of ISIS, US Central Command said in a statement on Friday. One of the dead was a senior figure in the group called Shahadhah 'Allawi Salih 'Ulaywi al-Bajjari, who was also known as Abu Issa, the statement said.
6:14 PM

J&K govt not seeking restoration of Article 370 'very painful': Engineer Rashid

Baramulla MP Sheikh Abdul Rashid on Friday said reports of a resolution passed by the Jammu and Kashmir government seeking restoration of statehood only and not Article 370 were "very painful" and a "departure" from the principled stand of the ruling National Conference (NC).
6:07 PM

India's growth story intact, inflation within target range: RBI Governor

Observing that this is India's moment, Das said: "India's growth story is intact. Inflation has now come very much within the target range. It is expected to moderate." In fact, there are significant risks, he said, RBI is very careful in monitoring the overall outlook with regard to both growth and inflation
5:05 PM

Doesn't act like policeman, but maintains tight vigil, says RBI Governor

Reserve Bank Governor Shaktikanta Das on Friday said that the central bank does not act like a policeman, but it maintains tight vigil on financial market and takes regulatory action whenever necessary. The RBI governor's remark came a day after the central bank directed Sachin Bansal's Navi Finserv and three other NBFCs to cease and desist from sanctioning and disbursing loans effective from the close of business of October 21 on material supervisory concerns, including usurious pricing.
4:55 PM

'Satyamev Jayate', another BJP conspiracy failed: AAP after court grants bail to Satyendar Jain

Former Delhi minister Satyendar Jain was granted bail by a local court in a money laundering case. 
 
4:29 PM

Inflation has come within range, says RBI Governor Shaktikanta Das

India needs large infrastructure projects, says RBI Governor.
4:27 PM

Measures for bond markets a work in progress, says RBI Governor

RBI developing robust secondary market for corporate bond, says RBI Governor Das. 
4:24 PM

Balance between growth and inflation is well poised, says RBI Governor Shaktikanta Das

This is India's moment; growth story remains intact, says RBI Governor Shaktikanta Das. 

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First Published: Oct 18 2024 | 9:07 AM IST

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