RBI may return to symmetric policy corridor by March’22: Report

photo

The Reserve Bank may return to a symmetric policy corridor by as early as March’22 by hiking reverse rate in two steps as inflation pressures rise. Assuming no further threat from new infections, the MPC may turn neutral in its stance in April’22 and raise repo rate in June, according to a report by Bank … Read more

Unholy nexus between ARCs and borrowers found after IT raids: CBDT

photo

The Income Tax Department has found an “unholy nexus” between four asset reconstruction companies (ARCs) based in Mumbai and borrower groups after they were raided recently, the CBDT said on Wednesday. The searches were launched on December 8, and a total of 60 premises in Mumbai, Ahmedabad, Delhi and few other places were covered. The … Read more

Maharashtra govt tries to postpone elections till OBC data is available

photo

The Maharashtra government has asked the state election commission to postpone local body polls till the empirical data on Other Backward Communities was prepared by the Backward Class Commission. However, its validity has been questioned by a legal expert. “The issue was brought up in the Cabinet and it was unanimously agreed that the election … Read more

South Africa’s High Court orders former president Zuma to go back to jail

211215164847 south africa zuma prison intl file 102621 super tease

The 79-year old began medical parole in September, and is serving a 15-month sentence for contempt of court, after he ignored instructions to participate in a corruption inquiry. In the same month, South Africa’s top court dismissed a bid by Zuma to overturn the sentence. The legal processes against him for alleged corruption during his … Read more

Holiday Sweets — and Carbs — No Treat For Your Teeth

Dec. 15, 2021 — It’s no surprise that many people believe the holidays are meant for us to put aside our dietary senses and indulge in all the yummy foods that we’d avoid on a normal day. While many of these festive treats may cause serious problems for our teeth, others are packed with nutrients … Read more

Joe Biden to visit Kentucky after tornadoes kill at least 74 people – live

3500

A press briefing is now underway by the White House Covid-19 response team and related public health officials. Rochelle Walensky, director of the Centers for Disease Control and Protection, said that cases of the Omicron variant of Covid have now been reported in 36 US states – and 75 countries around the world. Rochelle Walensky … Read more

COVID-19: After actor Sohail Khan’s wife, their minor son tests positive for coronavirus

sohailkhannew

Earlier this week, Kareena Kapoor Khan and Amrita Arora have tested positive for COVID-19. A day after Seema Khan, wife of Bollywood actor-producer Sohail Khan, tested positive for COVID-19, her 10-year-old son was found infected on Wednesday, which prompted the city civic body to seal their floor in their Pali Hill building as a precautionary … Read more