India

Dec 12: Rupee bulls should put to rest any hope of a respite for Asia’s worst currency in the last few days of what’s been a dreadful year. This week’s shock departure of India’s central bank chief and defeat for Prime Minister Narendra Modi’s ruling party in key state elections have dealt a double blow to the currency, taking its year-to-date loss to 11 percent. Mizuho Bank Ltd. is expecting more

Jaipur, Dec 11: Often seen in wispy 'bandhini' and 'lahariya' chiffons, trademarks of not just Rajasthan craft but also of royalty, Vasundhara Raje is a politician to the manner born, a careful mix of hauteur and reserve -- even in defeat. The former royal, who is usually called Maharani, is expected to win her seat Jhalrapatan with a handsome margin but her party appeared headed for a loss to the

New Delhi, Dec 11: West Bengal Chief Minister and Trinamool Congress chief Mamata Banerjee on Tuesday attributed demonetisation and 'collapse of banking system' as two principal reasons for the defeat of BJP in crucial Hindi heartland states. "When the money kept in the bank or with them were not safe, people almost lost faith in the system. It was like direct assault on their life itself", Ms

Chennai, Dec 11: Tamil superstar Rajinikanth on Tuesday said the BJP losing elections in the Hindiheartland states of Chattisgarh and Rajasthan and a close contest with arch rival Congress in Madhya Pradesh showed it has "lost its influence." Reacting to BJP's loss, Makkal Needhi Maiam Chief Kamal Haasan in a tweet said, "First sign of a new start. This is people's verdict." Speaking to reporters

Congress President Rahul Gandhi on Tuesday thanked people and party workers for party's good performance in three states of Rajasthan, Chhatisgarh and Madhya Pradesh while asserting that the poll outcome raised "questions" on the Modi government's policies. He also said it was a clear message to Prime Minister Narendra Modi that people are not happy with decisions, including demonetisation and

New Delhi, Dec 11: Former Finance Secretary Shaktikanta Das was on Tuesday appointed the 25th governor of the Reserve Bank of India with immediate effect. Das, 61, is currently the member of 15th Finance Commission. The face of Prime Minister Narendra Modi's demonetisation move, Das was India's revenue secretary when the note ban was slapped in November 2016 and defended the move in media. Das was

Raipur, Dec 11: Chhattisgarh Chief Minister Raman Singh resigned on Tuesday taking moral responsibility for the BJP's stunning defeat in Assembly elections. He told the media that he had sent his resignation to the Governor. "I take moral responsibility for the defeat," Raman Singh, who was Chief Minister for 15 years, said as it became clear that the Congress was headed for a thumping victory in

New Delhi, Dec 11: As votes were counted, Shiv Sena Tuesday said the outcome of the elections in the five states is a clear message to the BJP and there is a need for the ruling coalition to introspect. Shiv Sena spokesperson and the party's Rajya Sabha lawmaker Sanjay Raut said the trends reflect that the BJP's victory chariot has been halted. "This is a clear message and it is the time for us to

Raipur. Dec 11: With trends indicating a win for the Congress in Chhattisgarh, former chief minister Ajit Jogi said on Tuesday that he was "happy" with the "results" and that people chose the party because they found it the most viable alternative to the BJP. The Janta Congress Chhattisgarh (J) president told reporters that the people of the state wanted to oust the Raman Singh-led government

New Delhi, Dec 11: With RBI Governor Urjit Patel putting in his papers, his immediate predecessor Raghuram Rajan Monday said “all Indians” should be concerned as the strength of institutions is important for growth and development. Patel, who faced the possibility of an unprecedented action from the government over differences on a variety of issues, resigned from his job, citing personal reasons