In May, RBI withdrew Rs 2,000 notes from circulation but they remain legal tender until 30 Sept. Some establishments, like Ahmedabad Nini's Kitchen, are using this to attract customers.
Party MP Jairam Ramesh asks whether Modi govt 'pressured' RBI to allow ‘compromise settlements’ or write-offs in case of wilful defaulters, demands repeal of 8 June circular.
Union minister Piyush Goyal and UAE's Thani bin Ahmed Al Zeyoudi conclude 1st session of India-UAE Joint Committee on Comprehensive Economic Partnership Agreement.
Michael Patra, in a speech at Sixth Asia KLEMS Conferenc, said it is widely believed that structural slowdown has been spreading across global economy after growth peaked in 2010.
Neither the measure of current sentiments nor of future expectations of consumers has reached near March 2019 levels. Scores still to rise much above pre-Covid crackdown of March 2020.
While status quo on rates was expected, there was difference of opinion on stance, which was also left unchanged to focus on withdrawal of accommodation to ensure inflation aligns with 4% target.
The recent resignations of its seniormost judges are among the most pointed institutional protests Pakistan has witnessed since the lawyers’ movement of the late 2000s.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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