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Need structural, fiscal measures to boost demand and growth: RBI Governor Shaktikanta Das The Reserve Bank of India (RBI) Governor Shaktikanta Das said that there is need for structural and fiscal measures along with monetary policy to augment demand and growth in the economy. “Monetary policy, however, has its own limits. Structural reforms and fiscal measures may have to be continued and further activated to provide a durable push to demand and boost growth,” Das said on January 24. He added that steps like prioritising food processing industries, tourism, e-commerce, startups and efforts to become a part of the global...

‘Like a Honey Bee Draws Nectar’: CJI SA Bobde Calls Arbitrary, Excessive Tax a Social Injustice by Govt New Delhi: Just a week ahead of the Union Budget, Chief Justice of India SA Bobde on Friday said arbitrary and excessive tax resulted in social injustice and asked the government to reduce the burden on citizens. Drawing an analogy, the CJI referred to ancient taxation laws in India and said that tax should be collected from people like a honey bee draws nectar from a flower without harming it. He was speaking at an event held to mark the 79th Foundation...

Peaceful protests will deepen democratic roots: Pranab In an obvious reference to the the ongoing peaceful protests against the Citizenship (Amendment) Act and a National Register of Citizens exercise in the future, former President Pranab Mukherjee said on Thursday such agitations would lead to a deepening of the democratic roots. Mr. Mukherjee was speaking at the first annual Sukumar Sen Memorial lecture organised by the Election Commission of India in honour of the first Chief Election Commissioner of India. Source: The Hindu

At Davos, billionaire George Soros tears into Narendra Modi; says nationalism in India ‘biggest and most frightening setback’ Hungarian-American financier and philanthropist George Soros criticised the Narendra Modi government at the World Economic Forum in Davos, Switzerland, accusing the prime minister of “creating a Hindu nationalist state”. “Far from being reversed, it made further headway. The biggest and most frightening setback came in India, where a democratically elected Narendra Modi is creating a Hindu nationalist state,” Soros said while speaking on nationalism. His statements assume significance as it comes at a time when the Modi government has been facing backlash over...

‘Don’t need degree to know about climate targets’: Greta to US Treasury chief US Treasury Secretary Steven Mnuchin told Greta Thunberg on Thursday she should study economics, a jibe which prompted the climate activist to say she did not need a degree to know the world was not meeting its climate targets. Asked about Thunberg’s previous calls to divest from fossil fuels, Mnuchin told a news briefing in Davos: “Is she the chief economist? I’m confused … After she goes and studies economics in college, she can come back and explain that to us.” Mnuchin lists a bachelor’s degree in...

I have more money than Virender Sehwag has hair on his head: Shoaib Akhtar Known for his outspoken nature, former Pakistan pace spearhead, Shoaib Akhtar has hit back at Virender Sehwag for the ex-India opener’s comment on him. In an old video that is once again doing the rounds on social media, Sehwag had said that Akhtar praises India after retiring from the game only to make money. Sehwag had made the comment way back in 2016 when Akhtar used to commentate in India before the political relationship between the two countries further deteriorated. And with the video once again...

Former India captain Azharuddin booked for allegedly cheating Maharashtra travel agent A case was filed former Indian cricket team captain and ex-MP Mohammed Azharuddin and two others for allegedly cheating a local travel agent of around Rs 2.10 million, a police official said on Wednesday. “We have lodged a first information report against Mujeeb Khan (Aurangabad), Sudheesh Avikkal (Kerala), Mohammed Azharuddin (Hyderabad). No arrests have been made and further investigations are underway,” Investigating Officer A.D. Nagre, of the City Chowk police station, told IANS. The complaint was lodged by Shahab Y. Mohammed, 49, proprietor of Danish Tours & Travels here,...

Ratan Tata does Throwback Thursday right with classic old pic. Internet calls him a Hollywood star Industrialist Ratan Tata joined Intagram recently and he has been creating quite the stir on social media with his incredible posts. From adorable pictures of animals to inspirational anecdotes, Ratan Tata’s social media game keeps his followers entertained. Though new to the gram, the former Tata group chairman is quickly learning the ways of social media and recently he came to know about the #ThrowbackThurday. And if his new post is to be considered, he is definitely acing the game. Ratan Tata took to...

‘Mostly Sane’ Prajakta Koli Elated to Work with Michelle Obama Internet sensation Prajakta Koli has collaborated with Michelle Obama on the Creators For Change series. For Prajakta, working with the former US first lady was an amazing experience. The first installment is “Creators For Change With Michelle Obama: Girls’ Education”. According to director Joanna Forscher, creators will sit down with Michelle to open up about their learning. The discussion will be shot in February, and the YouTube Originals series will debut in March. The creators include YouTube stars Liza Koshy (Liza on Demand), Koli (MostlySane) and Thembe Mahlaba (Pap Culture)....

Despite BJP Snub, Chandra Bose to Go Ahead with Plans to Revive His Father’s ‘Azad Hind Sangha’ Kolkata: Netaji Subhas Chandra Bose’s grand-nephew Chandra Kumar Bose on Wednesday said he is planning to revive the ‘Azad Hind Sangha’, an outfit founded by his father Amiya Nath Bose. Amiya Nath Bose, the son of Sarat Chandra Bose and nephew of Subhas Chandra Bose, had launched the outfit in 1971. He was a Lok Sabha MP. Chandra Bose, who recently said that Pakistan founder Muhammad Ali Jinnah was a secular leader, unlike those in the Congress, expressed his disappointment with the Bharatiya Janata...