Operational Independence of RBI Important: IMF
The International Monetary Fund (IMF) on Thursday, 13 December, said "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities.
IMF Director Gerry Rice said this in response to a question on the recent developments at the RBI. He, however, added that his views were in the context of international experiences.
Trump, New Mexican President Discuss Migration But Not Wall
The White House says President Donald Trump and the new leader of Mexico discussed "positive relations" between the two countries in a phone call this week. But Mexican President Andres Manuel Lopez Obrador told reporters that he and Trump have never discussed the contentious topic of the border wall.
Lopez Obrador's statement Thursday came less than an hour after Trump asserted in a tweet that Mexico was paying for the border wall through the savings the US garnered in the renegotiated free trade agreement with Mexico and Canada.
New RBI Governor Shaktikanta Das to Attend First Board Meet
Reserve Bank of India (RBI) governor Shaktikanta Das to attend the first board meeting as the Governor, later today
15-year-Old UP Boy Dies in Celebratory Firing
A 15-year-old boy died after being shot at during celebratory firing at an engagement ceremony in Dadri on Thursday.
"Police reached the spot after receiving the info and rushed the youth to the hospital where he was declared dead. Case registered," said Vinit Jaiswal, SP (Dehat).
TTV Dhinakaran's Close Aide Quits Party
Prominent AMMK leader Senthil Balaji, a close aide of TTV Dhinakaran, has joined DMK today. He had started his career in DMK, later moved to AIADMK and became the transport minister in 2011. After the death of chief minister Jayalalithaa, he moved to TTV Dhinakaran's faction. He was one of the 18 disqualified AIADMK MLAs.
Dhinakaran said that he can’t compel anybody to stay and has lo problem with Balaji’s departure.
“I know Senthil Balaji since 2006. But I can't hold anybody's hand and compel them to do anything. It's his decision and I wish him good luck wherever he goes. I don't have any problem with this,” he said.
Supreme Court Puts Fortis Healthcare Sale To IHH On Hold
The Supreme Court today ordered a status quo on the Rs 4,000 crore sale of Fortis Healthcare Ltd. to Malaysian group IHH Bhd.
A three-judge bench headed by Justice Ranjan Gogoi was hearing the petition filed by Japanese drugmaker Daiichi Sankyo alleging former promoters—brothers Malvdinder and Shivinder Singh—violated undertakings and court orders.
Shares of Fortis Healthcare slumped as much as 7.6 percent to Rs 140 apiece after the court pronounced its order. On July 13, the board of Fortis had approved the offer of IHH Healthcare for an equity infusion of Rs 4,000 crore at a price of Rs 170 per share.
ED Attaches Properties of REI Agro Ltd
ED has provisionally attached movable and immovable property worth Rs 73.26 Cr of M/s REI Agro Ltd and the beneficiary owners, in connection with bank fraud case initiated based on FIR registered by CBI on 26.10.2015 for de-frauding consortium of banks to the tune of Rs 3871.71 crore.
Cyclone warning in Andhra
Heavy falls at isolated places likely to commence over coastal Andhra from 15 December. Rainfall at most places with heavy to very heavy rain at a few places and extremely heavy rain at isolated places is predicted over coastal Andhra on 16-17 December.
Narendra Dabholkar Murder case: Pune Court Grants Bail to Accused
Pune sessions court grants bail to Amol Kale, Rajesh Bangera and Amit Degvekar accused in the Narendra Dabholkar murder case as CBI did not file charge-sheet against them in 90 days period.
Delhi HC Sets Aside Govt to Bar 'Oxycontin'
Delhi High Court has set aside Centre’s decision to bar private companies to sell Oxycontin. It said that the centre's decision lacks scientific basis, adding it is arbitrary and unreasonable.
Court Orders Fir for Doctored Video in Case Against Yogi Adityanath
A local court has ordered an FIR against activist Pervez Parvaz for producing a doctored video as evidence in a 2007 hate speech case against UP Chief Minister Yogi Adityanath.
Parvaz had filed a petition against the then Gorakhpur MP Yogi Adityanath and four others, accusing them of giving hate speech and allegedly inciting communal violence in Gorakhpur after a communal clash during Muharram procession.
Sensex, Nifty Close Higher In A Volatile Week
Indian equity benchmarks rose for a fourth straight day led by Infosys, Bharti Airtel, ICICI Bank and Yes Bank. However, the gains were capped as HDFC twins, Larsen &Toubro and ITC came under selling pressure.
The S&P BSE Sensex rose 0.09 percent or 33 points to 35,963 and the NSE Nifty 50 Index advanced 0.13 percent or 14 points to 10,805.
Thirteen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Telecom Index's 3 percent gain. On the flipside, the S&P BSE Healthcare Index was the top loser, down 0.8 percent.
Mid- and small-cap stocks were in line with their larger peers as the S&P BSE MidCap Index rose 0.2 percent while the S&P BSE SmallCap Index ended little changed.
IB Director, R&AW Chief Term Extended for 6-Months
Government cleared six-month extension for both Intelligence Bureau Director Rajiv Jain and R&AW Chief A K Dhasmana.
Jain was set to retire on 30 December 2018, while Dhasmana 29 December 2018.
Govt Re-designates Anil Srivastavaas as Principal Adviser NITI Aayog
The Appointments Committee of Cabinet has approved the re-designation of Anil Srivastava, Advisor, NITI Aayog as Principal Adviser NITI Aayog.
Security Forces Arrest Man in Possession of Explosives in J&K's Pulwama
On a credible input, Police and security forces in Pulwama recovered huge quantity of explosive substances and incriminating materials from one individual identified as Mayour Ahmad Khan, resident of Panjran Pulwama.
The individual was arrested and a case under relevant sections of law has been registered at Police Station Litter in the matter. Further investigation to probe his complicity in terror crimes is going on.
CPCP Slaps Rs 1 Cr Fine on 3 Oil Companies
The Central Pollution Control Board has slapped a fine of Rs 1 crore each on three oil companies for their failure to install anti-pollution "vapour recovery" systems at fuel stations.
The fine has been slapped on public sector oil firms Bharat Petroleum Corporation Limited, Hindustan Petroleum Corporation Limited and Indian Oil Corporation Limited.
Grammy Award-Winning Singer Nancy Wilson Dead
Grammy award-winning jazz singer Nancy Wilson is no more. She was 81.
The artiste, who retired from touring in 2011, died after a long illness at her home in Pioneertown, a California desert community near Joshua Tree National Park, her manager and publicist Devra Hall Levy revealed on Thursday night, reports dailymail.
Educational certificates of Haryana Minister fake: RTI activist
A Right To Information (RTI) activist alleged that the school certificate and graduation degree of a Haryana Minister submitted during elections were fake and urged the Election Commission to cancel his membership of the Assembly.
RTI activist Harender Dhingra alleged at a press conference that the Bachelor Of Arts (BA) degree of the cabinet Minister was fake.
SC Dismisses Petition on Probe Against MCI
The Supreme Court has dismissed a curative petition filed by NGO Campaign for Judicial Accountability and Reforms against the verdict of denying Special Investigation Team (SIT) probe into an alleged Medical Council of India (MCI) bribery case and imposing a cost of Rs 25 lakhs on it.
Maoist Wanted for 13 Years Arrested in Jharkhand Medininagar
A member of the proscribed CPI (Maoist), wanted for 13 years, has been arrested from a village in Palamau district, police said Friday.
The self-styled sub-zonal commander of the outfit, identified as Mukhdev Yadav, was carrying a reward of Rs 5 lakh on his head, the police said.
A team comprising CRFP and district police personnel arrested Yadav from Dhobidih-Gulabjhari village under the jurisdiction of Chhatarpur police station on Thursday evening, the Superintendent of Police (SP) of Palamau district, Inderjit Mahata said.
10 Dead After Consuming Prasad in Karnataka
At least 10 dead and 80 hospitalised after consuming prasad in Karnataka's Chamarajanagar district.