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3rd Safarul Muzaffer 1436 | Thursday, Nov 27, 2014

New monetary policy framework by Dec

A new monetary policy framework is to be put in place by December, with the government setting the inflation target, to be implemented by a policy panel.

The finance ministry and the Reserve Bank of India (RBI) are soon expected to sign a formal agreement under which the central bank will pursue the retail inflation target decided by the government.

“Since it is a Budget announcement, it has to be put in place by December. It will be a part of the Action Taken Report to be tabled in Parliament by January 15,” said a ministry official who did not wish to be identified.

Rs 2.50/litre cut in diesel rate likely after state elections

A Rs 2.50 per litre cut in diesel prices and a little less than Re 1 a litre on petrol is in offing as international oil rates fell to a 27-month low.

Prices may be cut after Maharashtra and Haryana assembly elections are completed on October 15, sources privy to the development said.

Benchmark Brent crude today slid by as much as $1.35 to $90.76 a barrel, its lowest level since June 2012. Prices have declined 18% this year.

Murthy, Gopalakrishnan bid farewell to Infosys

Thirty-three years after starting Infosys, its founders NR Narayana Murthy and S Gopalakrishnan today bade farewell to the over USD 8 billion IT firm with the former saying he has no regrets and the latter emphasising that politics is not his cup of tea.

Seven co-founders, led by Murthy, set up the Bangalore- based firm in 1981.

PTI

Rajnath Singh approves lease of BSF land for three Kendriya Vidyalayas

Union Home Minister Rajnath Singh has approved the providing of three acres of land on lease to the Kendriya Vidyalayas by the Border Security Force (BSF) each at Sunderbani (Jammu and Kashmir), Chakur (Maharashtra) and Aradhpur (West Bengal).

Presently, Kendriya Vidyalaya at Station Head Quarter, BSF, Sunderbani has started functioning from October 16, 2010 up to XIth standard. The Kendriya Vidyalaya at Chakur started on September 1, 2010 up to VIIIth standard whereas the Kendriya Vidyalaya at Aradhpur started on April 26, 2011 up to VIIIth standards.

Amit Shah blames Congress, NCP for injustice to backward classes

Bharatiya Janata Party (BJP) president Amit Shah on Wednesday blamed the Congress and the Nationalist Congress Party (NCP) for doing injustice to the backward classes of Maharashtra in the 15 years of their rule in the state.

"For past 15 years, the Congress and the NCP have been doing injustice to every backward class," said Shah while addressing a rally here.

He also held them responsible for ruining the condition of Maharashtra in these years.

Relatives of Rajesh Kumar, who was killed

Relatives of Rajesh Kumar, who was killed in mortar shell firing allegedly from the Pakistan’s side, weep inside their residenti

An injured man is brought on a stretcher for treatment at the government medical college hospital

An injured man is brought on a stretcher for treatment at the government medical college hospital following firing by Pakistani

Forces fully ready to respond to Pak provocation: India tells UN as ceasefire violations continue

India and Pakistan have sparred at the UN over ceasefire violations along the LoC with India making it clear that its armed forces are “fully ready” to respond to “provocation”.
India also said that the onus of creating a positive environment for normalisation of relations is on Pakistan.
War of words between the two countries over the situation at the Line of Control took place on Tuesday at the UN General Assembly where India said that it was a “matter of deep regret” that Pakistan violated the ceasefire, in which eight people were killed and several others injured.
Related

Man arrested in connection with Bengal blast

The CID Monday arrested a man in connection with the Oct 2 blast in West Bengal that left two suspected militants dead.

Detained by the Criminal Investigation Department (CID) Sunday night, Hafeez Mollah was arrested Monday and is being presented before a court, DIG (Operations), CID Dilip Adak said.

Investigating agencies are suspecting involvement of groups like Lashkar-e-Taiba and Harkat-ul-Jihad-al-Islami in the explosion that took place at a house in Burdwan district's Khagragarh area, killing Shakil Ahmed and Sovan Mandal and injuring Hasan Saheb.

Muslim Peace Coalition- NY has expressed disappointment on President Obama’s speech on ISIS/ISIL.

Muslim Peace Coalition- NY has expressed disappointment on President Obama’s speech on ISIS/ISIL. The coalition was disappointed on the continuation of the failed US policy of heavy reliance on military tactics and on the dictatorial regimes of the area, both important factors that helped in the formation and spread of the terrorist group.

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