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High food prices in India threaten overall inflation outlook: RBI

MUMBAI, Aug 22 (Reuters) – Rising food prices have prevented India’s headline inflation from hitting the central bank’s 4% target, requiring the monetary policy committee (MPC) to stick to its restrictive stance, minutes of the Reserve Bank of India’s August meeting showed. “Persistent food inflation is imparting stickiness to headline inflation,” Governor Shaktikanta Das said in the minutes released on Thursday. “Durable alignment of inflation to the target of 4% is still some distance away”. India’s retail inflation fell in July to a near five-year low of 3.54%, as food inflation eased from previous highs due to a base effect,

Supreme Court directs secretary of health ministry to engage with chief secretaries to ensure safety of doctors

New Delhi, Aug 22 (PTI) The Supreme Court passed a slew of directions on Thursday while hearing a suo-motu case related to the rape and killing of a post-graduate medic at the state-run RG Kar Medical College and Hospital in Kolkata. A bench headed by Chief Justice D Y Chandrachud perused a status report filed by the Central Bureau of Investigation (CBI) and an affidavit submitted by the West Bengal government. Here are some of the directions given by the apex court in the matter: * SC directs the secretary in the Union health ministry to engage with the chief

Congress demands investigation into Sebi chief alleged conflict in Adani case

NEW DELHI/MUMBAI (Reuters) – More than 1,000 Congress (opposition party) supporters demonstrated in New Delhi, Mumbai and other state capitals on Thursday, demanding a probe into the market regulator chief’s alleged conflict of interest in investigating the Adani Group. The regulator is investigating allegations by U.S.-based short-seller Hindenburg Research, made in 2023, that the Adani Group used tax havens to sidestep local market regulations. In a report earlier this month, Hindenburg alleged that Securities and Exchange Board of India chairperson Madhabi Puri Buch had previous investments in an offshore fund, also used by the Adani Group, sparking criticism from opposition

Assam Cong protests, seeks JPC to probe allegations against SEBI chief, Adani group

Guwahati, Aug 22 (PTI) Assam Pradesh Congress Committee (APCC) on Thursday staged a protest outside the Enforcement Directorate’s office here demanding SEBI chief Madhabi Buch’s resignation and a Joint Parliamentary Committee probe into the Adani issue. The protest march was led by Congress state president Bhupen Borah and included prominent party figures such as MPs Pradyut Bordoloi and Rakibul Hussain, the party’s legislature party leader Debabrata Saikia, and other senior party leaders. Dhubri Congress MP Rakibul Hussain said investigating agencies such as the ED and CBI and even constitutional bodies like the Election Commission are now no longer independent and

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