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RBI panel pitches for federal body like GST Council in farm sector

Mumbai, Sept 14: An RBI panel on Friday suggested setting up of a federal body on the lines of the GST Council to implement reforms and boost credit flow in the agriculture sector, besides pitching for direct transfer of subsidy and no farm loan waivers.

Among other recommendations, the panel said banks should develop a management information system (MIS)...

Chandrayaan-2: ISRO to simulate varied scenarios to find why Vikram lander failed

Bengaluru, Sept 14: The Indian space agency will simulate various scenarios, including what it has not done and what it had assumed, to arrive at the probable cause of its moon lander Vikram hitting the lunar surface after veering away from its plotted path and losing communication link with ground stations, a retired senior ISRO official said.

Early on...

BN Yugandhar, former IAS officer and Microsoft CEO Satya Nadella's father, passes away

Hyderabad, Sept 14: Microsoft Chief Executive Officer Satya Nadella's father and former IAS officer B.N. Yugandhar passed away here on Friday after brief illness. He was 80.

Bukkapuram Nadella Yugandhar, a retired Indian Administrative Service (IAS) officer who served in the Prime Minister's Office and the Planning Commission, breathed his last at his residence in Banjara Hills here, family...

UP: Mahatma Gandhi statue vandalised in college by unidentified miscreants

Jalaun, Sept 14: A statue of Mahatma Gandhi, installed at Sri Gandhi Inter College here, was allegedly decapitated by unidentified miscreants.

According to the police, the statue was vandalised on Friday.

"On receiving information, we reached the spot. The statue has been fixed and reinstalled. An FIR will be registered and action will also be taken. We will...

Delhi court rejects Chidambaram's ED surrender plea

New Delhi, Sept 13: A Delhi court on Friday dismissed a plea by former finance minister P Chidambaram seeking to surrender in the money laundering case.

Special judge Ajay Kumar Kuhar rejected his plea.

The Enforcement Directorate had on Thursday told the court that Chidambaram's arrest was necessary in the INX Media money laundering case...

India's economic growth under Modi regime 'much weaker' than expected: IMF

Washington, Sept 13: India's economic growth is "much weaker" than expected, the IMF said on Thursday, attributing the reasons to corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies.

The International Monetary Fund (IMF) in July projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per...

SC to Modi govt: Explain any plan to link social media with Aadhaar

New Delhi, Sept 13: The Supreme Court on Friday asked the government to explain if it is contemplating any move to link social media accounts with Aadhaar.

A bench headed by Justice Deepak Gupta asked the Centre to inform whether it is contemplating any move on framing some policy to regulate social media and linking of social media accounts...

Interpol issues Red Corner Notice against Nirav Modi's brother

New Delhi, Sept 13: The Interpol has issued a Red Corner Notice (RCN) against Nehal Modi, brother of main accused Nirav Modi, the main accused in the USD 2 billion PNB scam case, officials said on Friday.

They said the global arrest warrant against the Belgian national Nehal, 40, has been issued on charges of alleged money laundering that...

Congress facing economic slowdown as its 'moneybag handlers' are in jail: BJP

Sept 13: Hitting out at Congress chief Sonia Gandhi over her remarks on the "grim" economic situation in the country, the BJP said she seemed to be talking about the economic slowdown in her party as its "moneybag handlers" were behind bars.

Addressing central and state Congress leaders at a meeting here earlier on Thursday, Gandhi said...

Boat capsizes during Ganpati Visarjan in Bhopal, 11 dead

New Delhi, Sept 13: At least 11 people died after the boat they were in capsized during Ganpati Visarjan at Khatlapura Ghat in Bhopal on Friday morning.

Five others have been rescued, officials said. A search operation is underway.

The police said the incident occurred at around 4.30 on Friday morning when a boat carrying a group of...