Efforts to clean banking system cost Urjit Patel his job, claims Rahul
Tuesday, 28 July 2020 Congress leader RahulGandhi on Tuesday claimed that efforts by former RBI chief Urjit Patel to clean the banking system cost him his job. Gandhi used a news report that quoted Patel saying that the insolvency law caused a rift with the government to buttress his claim.
Congress president Sonia Gandhi spoke in Delhi on October 27 ahead of Bihar polls. Gandhi said, "There is quality, talent, strength and power of constructing in Bihar's hands. But unemployment, migration, inflation, starvation gave them tears and blisters." "Words that can't be said have to be said with tears. Governments can't be formed on the basis of fear and crime," she added.
Congress president Sonia Gandhi spoke in Delhi on October 27 ahead of Bihar polls. Gandhi said, "High on power and its ego, current Bihar government has deviated from its path. Neither their saying nor doing is good." "Labourers are helpless, farmers are anxious and youth are disappointed. Public is with Congress Mahagathbandhan and it is the call of Bihar," she added.
Equity benchmark indices maintained an upward trajectory on Friday after the Reserve Bank of India's (RBI) kept repo rate unchanged and continued with accommodative stance. Though the central bank sees FY21 GDP contracting by 9.5 per cent and may turn positive in Q4, several market experts said many measures have been introduced to maintain comfortable liquidity conditions. The BSE SandP Sensex closed 327 points or 0.81 per cent higher at 40,509 while the Nifty 50 gained by 80 points or 0.67 per cent at 11,914. Among stocks, State Bank of India rose by 3.6 per cent to Rs 198.55 per share. Private lenders ICICI Bank, Axis Bank and HDFC Bank ticked up by 4 per cent, 3.7 per cent and 3.6 per cent respectively. IT major Wipro was up by 4.4 per cent to Rs 375.25 per share while infrastructure conglomerate Larsen and Toubro advanced by 3.3 per cent to close at Rs 910.05 per unit. However, those which lost were Grasim, Hindalco, Sun Pharma, Nestle India, Britannia and Tata Motors. Meanwhile, Asian shares were mixed as revived hopes for a US stimulus deal eclipsed weaker-than expected jobs data. Nikkei dipped by 0.12 per cent while Hong Kong's Hang Seng was down by 0.31 per cent. But South Korea's Kospi rose by 0.21 per cent.
The Reserve Bank of India has announced that key interest rates will remain unchanged and decided to maintain its accommodative monetary policy stance to support growth amid the pandemic. ‘The accommodative stance would remain as long as necessary, at least through the current financial year and into the next year to revive growth on a durable basis and mitigate the impact of Covid-19 while ensuring that inflation remains within the target going forward,’ Das said. Announcing the monetary policy, RBI governor Shaktikanta Das said that the deep contractions of quarter one of 2021 now seem to be behind us and silver linings are visible. He also added that India’s focus must now shift from containment to revival in the days ahead. Das however also said that India’s GDP would contract by 9.5 per cent in the current fiscal due to the disruptions caused by the coronavirus pandemic. The RBI governor added that the GDP growth may come out of contraction and turn positive by quarter four. Watch the full video for all the details.
Credit: HT Digital Content Duration: 05:38Published
Kamal Nath’s ‘item’ jibe at a BJP leader has led to a big war of words between the two parties ahead of the bypolls in Madhya Pradesh. Union Minister Smriti Irani questioned the Gandhi family and said that their silence on such issues is significant and added that the Gandhi family has always chosen to stay silent on such issues. Smriti Irani also said that there is no justification for the derogatory statements made by the former Chief Minister of Madhya Pradesh. MP CM Shivraj Singh Chouhan has also written to Sonia Gandhi demanding the removal of Kamal Nath from all party posts. Meanwhile, Congress leader Digvijaya Singh hit out at the BJP and said that their outrage is nothing more than drama. Singh said questioned the BJP leaders for their silence on the Hathras case. He said that no BJP leader from Madhya Pradesh had come out and spoken even when the Hathras victim’s body was cremated at night allegedly without her parents’ consent. Watch the full video for all the details.
Credit: HT Digital Content Duration: 04:01Published