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India inflation likely fell in Nov on moderating vegetable prices: Reuters poll

BENGALURU, Dec 10 (Reuters) – India retail inflation likely fell to 5.53% in November after breaching the central bank’s 6% upper tolerance band as the arrival of fresh produce to markets moderated soaring vegetable prices, a Reuters poll of economists found. The Reserve Bank of India held interest rates steady last week, as predicted in a separate Reuters poll, citing price pressures, despite news of a surprise sharp slowdown in economic growth last quarter. Inflation unexpectedly rose to a 14-month high of 6.21% in October, driven by the fastest vegetable price rises in nearly four years. An additional import duty

Congress questions Odisha BJP govt’s silence on ‘Adani bribery case’, demands judicial probe

Bhubaneswar, Dec 9 (PTI) The opposition Congress on Monday questioned the Odisha BJP government’s silence on the alleged Adani bribery case in which the state has been named by a US court. The issue was raised during the Zero Hour by Congress Legislature Party leader Rama Chandra Kadam who asked, “What is the reason behind the state government’s silence? While the Andhra Pradesh and Chhattisgarh governments have already made their stands clear, the Odisha government is yet to open its mouth on the issue.” Demanding a judicial probe into it, Kadam said, “The then government had purchased green power from

Govt appoints Revenue Secretary Sanjay Malhotra as 26th RBI Governor

New Delhi, Dec 9 (PTI) The government on Monday appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India. The Appointments Committee of the Cabinet cleared Malhotra’s name, who has been appointed as the RBI Governor for three years, starting Wednesday. Malhotra, a 1990 Batch Rajasthan Cadre IAS Officer, will replace Shaktikanta Das, whose tenure ends on Tuesday (December 10, 2024). Malhotra, who will be the 26th RBI Governor, is an engineering graduate in computer science from the Indian Institute of Technology, Kanpur, and has a Master’s in Public Policy from Princeton University, US. In

Rajya Sabha adjourned for the day amid uproar over alleged link between Congress leaders and Soros

New Delhi, Dec 9 (PTI) The Rajya Sabha was adjourned for the day on Monday amid uproar over the BJP accusing top Congress leaders of colluding with billionaire investor George Soros to destabilise the country, with Chairman Jagdeep Dhankhar cautioning that “functioning of the deep state affects us more perniciously than the Covid disease”. Amid uproar by treasury and opposition benches when the Upper House re-assembled at 3 pm after three adjournments earlier in the day, Chairman Dhankhar informed that a meeting was held in his chamber between the Leader of the House and the Leader of the Opposition. “The

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