India

New Delhi, Aug 22: The Reserve Bank of India had raised quite a few eyebrows when it announced an unconventional 35 basis points rate cut during its bi-monthly policy meet earlier this month. RBI Governor Shaktikanta Das, according to the minutes of the meeting released on Wednesday, said that "the economy needs a larger push" and a reduction in the policy repo rate by conventional 25 bps will be

New Delhi, Aug 22: Congress MP Karti Chidambaram termed the arrest of his father and former Union Minister P. Chidambaram by the CBI on Wednesday night a "politically motivated witch-hunt", alleging the entire drama was being done for "voyeurism" and to divert attention of the country from serious issues. "This is totally a politically motivated witch-hunt. This is apparently about events that

Hyderabad, Aug 22: The Centre has no immediate plans to withdraw security forces from Jammu and Kashmir, where Article 370 has been revoked, in view of the continued tension in the region, Minister of State for Home G Kishan has said. "Why will we withdraw troops immediately from there when Pakistan is trying to provoke? Pakistan is trying to provoke Kashmirs and disturb the peace so that it can

New Delhi, Aug 22: Tension prevailed in the Tughlakabad area in south Delhi after the protest turned violent, prompting police to resort to "mild lathicharge" and use tear gas to disperse the crowd, an official said. According to the police, the protesters set fire to two motorcycles and vandalised a police vehicle, causing injuries to a few policemen. Delhi Police said that Bhim Army Chief

New Delhi, Aug 22: Karti Chidambaram on Thursday termed the arrest of his father P Chidambaram as a "political vendetta" and vehemently denied any association with either Peter Mukherjea or his wife Indrani Mukherjea, the promoters of INX Media. Karti arrived here this morning from Chennai, hours after his father was arrested on Wednesday night after high drama at his residence here in the INX

New Delhi, Aug 22: Congress leader Priyanka Gandhi Vadra hit out at the BJP government on Thursday over police using batons to disperse Dalits protesting the demolition of Ravidas Temple in Tughlakabad area here, saying "insult" of Dalit voices cannot be tolerated. A protest by Dalits against the demolition of the temple turned violent on Wednesday night, leaving several people, including

New Delhi, Aug 22: Former Union finance minister P Chidambaram spent a quiet night in the CBI guest house on the ground floor of the agency headquarters after his dramatic arrest from his posh residence in the INX media corruption case, officials said on Thursday. Chidambaram, 73, was kept in the suite 5 of the guest house, they said. It is normal for the agency to keep high security arrested

New Delhi, Aug 21: Former finance minister P Chidambaram was picked up from his private residence here on Wednesday night by the CBI and later formally arrested, capping a day-long drama that started with a battery of lawyers knocking at the doors of the Supreme Court seeking anticipatory bail for him. But, with the Supreme Court declining to immediately hear the matter and posting it for Friday

Mumbai, Aug 21: India's economic growth is likely to slow down further to 5.7 per cent in the April-June quarter of this year due to low consumption, weak investments and an under-performing service sector, said a Nomura report. The economy, however, is expected to see some recovery in the July-September quarter, the report added. It attributed the slowdown to the ongoing crisis in shadow banks

New Delhi, Aug 21: With senior Congress leader and former Finance Minister P. Chidambaram untraceable after the Delhi High Court refused to grant him protection from arrest in the INX Media case, the CBI late on Tuesday night pasted a notice on his gate asking him to appear before the investigation officer "within two hours". Earlier, a six-member team of Central Bureau of Investigation (CBI) and