RBI governor Shaktikanta Das (centre) with members of the monetary policy committee. Das has downplayed inflation concerns and hinted at more rate cuts. (ANI)
RBI governor Shaktikanta Das (centre) with members of the monetary policy committee. Das has downplayed inflation concerns and hinted at more rate cuts. (ANI)

RBI MPC minutes: Spurring GDP growth now a priority amid low inflation outlook

  • India needs to take steps to boost economic growth as the inflation outlook remains low, RBI MPC minutes show
  • Retail inflation one-year ahead is projected to remain below target level of 4%, says Shaktikanta Das in MPC minutes

A file photo of Union Minister Nitin Gadkar (Mint)
A file photo of Union Minister Nitin Gadkar (Mint)

India to divert its share of water flowing into Pakistan: Nitin Gadkari

  • The govt has decided to stop India's share of water that flows to Pakistan and divert water from eastern rivers to people in Jammu and Kashmir and Punjab
  • The decision comes after the Pulwama terror attack that killed 40 CRPF personnel for which India has blamed Pakistan

The announcement on Mk-1A version of Tejas came a day after the much-delayed project received its operational clearance. (Photo: PTI)
The announcement on Mk-1A version of Tejas came a day after the much-delayed project received its operational clearance. (Photo: PTI)

Upgraded Tejas may take flight in 3 years after govt nod, says HAL MD

  • Orders for the LCA will likely help HAL deflect the negative publicity it has attracted in political slugfest
  • The announcement of the Mk-1A version of Tejas came a day after the much-delayed project received its final operational clearance

After the hike, PF interest rate goes up to 8.65% for 2018-19
After the hike, PF interest rate goes up to 8.65% for 2018-19

Your PF deposits to fetch more as EPFO hikes interest rate

  • Provident fund (PF) rate hiked by 10 basis points
  • This will be applicable for 2018-19

Shaktikanta Das, the new Reserve Bank of India.  (Photo: Reuters)
Shaktikanta Das, the new Reserve Bank of India. (Photo: Reuters)

RBI governor Shaktikanta Das asks bankers why they aren't cutting lending rates

  • The meeting focused only on effective transmission of monetary policy
  • It can be noted that banks have been lagging in passing on the RBI rate cuts to end-borrowers

Indian soldiers stand guard near the site of Thursday's suicide bomb attack in Lethpora in south Kashmir's Pulwama district February 15, 2019.  (Reuters )
Indian soldiers stand guard near the site of Thursday's suicide bomb attack in Lethpora in south Kashmir's Pulwama district February 15, 2019. (Reuters )

India presses for Pakistan to stay on terrorism financing list

  • The FATF said it would release the results of its review after a meeting of the group's decision-making body
  • Pakistan has demanded India provide evidence for its claims that it supports militant groups and warned of retaliation if India attacks

A technician works inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of Ahmedabad.  (Reuters)
A technician works inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of Ahmedabad. (Reuters)

Government asks ONGC, OIL to sell out 66 fields

  • India has 26 sedimentary basins measuring 3.14 million square kilometers
  • ONGC and OIL, who are battling stagnation in output from largely ageing fields, have a total of 184 fields

The Indian cricket team lost to England by an innings and 159 runs in the second Test at Lord’s. (Reuters)
The Indian cricket team lost to England by an innings and 159 runs in the second Test at Lord’s. (Reuters)

The golden era of results in Test cricket is here

The oldest and longest format of cricket is now alive and kicking. One reason for this is that its tendency to generate a result is at an all-time high

Jet agreed a draft plan last week to sell a majority stake to a consortium led by SBI at  ₹1 (Mint)
Jet agreed a draft plan last week to sell a majority stake to a consortium led by SBI at 1 (Mint)

Lessors doubt Jet Airways rescue plan, pull out more planes

  • Lessors ground 9 jets, sources say; Jet says 5 grounded
  • Jet to seek nod on restructuring from shareholders on Thursday

Shares of Tech Mahindra hit a fresh 52-week high of  ₹840, rising about 3.5% (Reuters)
Shares of Tech Mahindra hit a fresh 52-week high of 840, rising about 3.5% (Reuters)

Tech Mahindra approves 1,956 crore share buyback, stock hits 52-week high

  • Many IT companies have been returning surplus cash to shareholders by way of dividends and buybacks
  • Tech Mahindra remains one of the top picks in IT sector for many brokerages

Sachin Bansal may look to route his startup investments through his new company, BAC Acquisitions Pvt. Ltd. (Mint)
Sachin Bansal may look to route his startup investments through his new company, BAC Acquisitions Pvt. Ltd. (Mint)

Sachin Bansal plans big play in venture debt space with Flipkart fortune

  • Sachin Bansal plans to diversify his investment portfolio and double down on the financial services sector
  • Sachin Bansal has over the past few weeks held discussions to invest in at least five tech startups

ByteDance's Helo and TikTok has eaten into ShareChat's market in India
ByteDance's Helo and TikTok has eaten into ShareChat's market in India

Indian content startups feel the heat as Helo, TikTok gain traction

  • The entry of Chinese content startups turn early-stage investors cautious on Indian apps
  • Deep pockets and deeper tech give Chinese apps, such as Helo and TikTok, the edge in content space

Jet Airways had a gross debt of  ₹8,411 crore as of end-September including aircraft debt of  ₹1,851 crore. (Abhijit Bhatlekar/Mint)
Jet Airways had a gross debt of 8,411 crore as of end-September including aircraft debt of 1,851 crore. (Abhijit Bhatlekar/Mint)

Jet Airways won't get 5 Boeing 737 Max planes until its financial crisis is over

  • Boeing has released for Jet Airways 10 B737 Max planes, five of which are with the airline and the rest with lessors
  • Jet Airways has a fleet of 123 planes—of which it owns 16 aircraft with the remainder on SLB model

Piramal Ent says Saridon exempted from list of banned FDCs by Supreme Court

  • Piramal had earlier been awarded a stay order from the Supreme Court on the ban against Saridon
  • Piramal Enterprises shares were trading 1.2% higher at 2,221 in noon trade

The Indian govt had placed an order for 22 AH- 64 E Apache helicopters as a part of a $1.4 billion deal that was signed in September 2015
The Indian govt had placed an order for 22 AH- 64 E Apache helicopters as a part of a $1.4 billion deal that was signed in September 2015

Boeing to begin delivery of Apache helicopters to IAF by July

  • The 22 Boeing AH-64E Apache helicopters procured by India are likely to be delivered in batches
  • India has also placed an order for 15 CH-47F Chinook heavy-lift helicopters from Boeing

Farmers in Ratnagiri feared that a refinery project there may damage flora and fauna in the region, and affect Alphonso mango and cashew plantations.
Farmers in Ratnagiri feared that a refinery project there may damage flora and fauna in the region, and affect Alphonso mango and cashew plantations.

Ratnagiri refinery may now come up in Maharashtra's Raigad

  • Raigad land identified by the Maharashtra government is said to be better than the one in Ratnagiri
  • The refinery project was to be commissioned by 2022, but delays in land acquisition have pushed the deadline to 2025

A widely used measure of fertility levels is the ‘total fertility rate’, or the average number of children a woman will have in her lifetime. (Subrata Biswas/Hindustan Times)
A widely used measure of fertility levels is the ‘total fertility rate’, or the average number of children a woman will have in her lifetime. (Subrata Biswas/Hindustan Times)

What a narrowing Hindu-Muslim fertility gap tells us

After nearly 40 years, fertility gap between the two communities has started reducing. It’s another reason why their population shares won’t change radically

The official said that increasing the average speed of Rajdhani trains would also create additional sectional capacity  (Mint )
The official said that increasing the average speed of Rajdhani trains would also create additional sectional capacity  (Mint )

Travel time in Rajdhani trains set to reduce by at least an hour

  • This model - the push and pull mode - has been successfully tried on a commercial run of the Delhi-Mumbai Rajdhani
  • The two engines, which are attached to each other through cabling will work simultaneously, enabling the train to navigate even rising gradients at higher speeds

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The new Samsung Galaxy S10e, S10, S10+ and the Samsung Galaxy S10 5G smartphones.  (Reuters)
The new Samsung Galaxy S10e, S10, S10+ and the Samsung Galaxy S10 5G smartphones. (Reuters)

Samsung Galaxy Fold, S10, S10+, S10e launched at Unpacked 2019: Specs, pricing

  • The Samsung Galaxy S10 launch event at San Francisco saw the launch of nine devices, including a foldable smartphone and wireless ear buds
  • The Samsung Galaxy S10 starts at $899 (about 64,000), while the top-of-the-line S10 Plus goes all the way up to $1,600 (about 1.13 lakh) for the 12GB/1TB variant

Reserve Bank of India Governor Shaktikanta Das (Mint)
Reserve Bank of India Governor Shaktikanta Das (Mint)

RBI governor to meet bank CEOs today on rate transmission

  • RBI governor is likely to discuss rate transmission as banks have not been passing on the resultant benefits of rate cuts to the consumers 
  • Earlier this month, the RBI cut the benchmark interest rate by 0.25% to 6.25%

The members of Women Against Fundamentalism and Southall Black Sisters during a protest in May 1989 against fundamentalists who sought to ban Salman Rushdie’s The Satanic Verses. (Getty Images)
The members of Women Against Fundamentalism and Southall Black Sisters during a protest in May 1989 against fundamentalists who sought to ban Salman Rushdie’s The Satanic Verses. (Getty Images)

Women who fought for Salman Rushdie

The 30th anniversary of the fatwa on Salman Rushdie is also a milestone of women protesting against fundamentalism

 (iStock)
(iStock)

Opinion | How will LTCG benefit work as per new laws

  • Budget 2019 increased the scope of LTCG exemption for acquisition of two houses
  •  The amendment does not permit acquisition of the two houses in the names of any person other than the taxpayer who has earned the capital gains

 (Mint)
(Mint)

Self-employed? Get a full health cover before buying a hospital cash policy

  • The product targets daily wage earners and freelancers but it may not cover all costs because the payout is small 
  • Like other hospital cash policies, Kamai Bachao Yojna makes the payout only at the end of the hospitalisation period and not on a daily basis

 (Mint)
(Mint)

After death, MF units need to be transmitted to nominee

  • The nominee may choose to hold on to the investment or redeem it, but will first need to get the units transmitted
  • When it comes to exit load, the original date of purchase will still be applicable, not the date of transmission

A general view of the Aston Martin production line at their world headquarters in Gaydon.  (Reuters)
A general view of the Aston Martin production line at their world headquarters in Gaydon. (Reuters)

Remain or leave? Carmakers confront hard Brexit choices

  • Headlines have focused on plant closures and job losses ahead of Britain's divorce from the EU
  • All automakers in Britain will anyway have to find ways make Brexit work, even if only in the short term

Irdai's new standard policy will have a minimum sum insured of  ₹50,000 and a maximum of  ₹10 lakh (iStock)
Irdai's new standard policy will have a minimum sum insured of 50,000 and a maximum of 10 lakh (iStock)

Standard health cover will help, but Irdai needs to plug the gaps

  • Irdai proposes a basic health insurance policy which will be comparable across companies
  • Under differential pricing, insurers can charge lower premium from an old customer compared to a new customer even if both are of same age

Justin Denison, SVP of Mobile Product Development, talks about the new Samsung Galaxy Fold smartphone during an event.  (AP)
Justin Denison, SVP of Mobile Product Development, talks about the new Samsung Galaxy Fold smartphone during an event. (AP)

Samsung announces Galaxy Fold phone with apps from Facebook, Google

  • The Galaxy Fold will cost $1,980 and go on sale on 26 April, Samsung officials said at an event in San Francisco
  • The device will have a 4.6-inch display while folded and a 7.3-inch display when unfolded

Saudi Crown Prince Mohammed Bin Salman (left) and Prime Minister Narendra Modi in New Delhi on Wednesday. (Ramesh Pathania/Mint)
Saudi Crown Prince Mohammed Bin Salman (left) and Prime Minister Narendra Modi in New Delhi on Wednesday. (Ramesh Pathania/Mint)

Pakistan isolated further as Saudi Arabia backs India's fight against terrorism

  • Saudi Crown Prince Mohammed bin Salman joins Prime Minister Narendra Modi in condemning Pulwama attack
  • Mohammed Bin Salman and Narendra Modi urge all countries to ‘renounce the use of terrorism as an instrument of state policy’

Amin H. Nasser, president and chief executive officer of Saudi Aramco. (Reuters)
Amin H. Nasser, president and chief executive officer of Saudi Aramco. (Reuters)

Saudi Aramco in talks with Reliance for more projects in India

  • Saudi Aramco seeks to take its India play beyond the $44 billion Ratnagiri refinery project, which will now be relocated
  • Saudi Aramco’s interest is driven by India’s energy demand, which is expected to grow at 4.2% over the next 25 years

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Kenichiro Yoshida, chief executive officer of Sony Corp. (Bloomberg)
Kenichiro Yoshida, chief executive officer of Sony Corp. (Bloomberg)

Sony opens up start accelerator programme to anyone with an idea

  • Sony may invest, strike an alliance, provide office space or support the startups with its own marketing and sales expertise
  • After years of restructuring, Sony is again looking for innovation under chief executive officer Kenichiro Yoshida

 (iStockphoto)
(iStockphoto)

Opinion | Private battles with public support using social media

Celebrities are sharing their fight against a dreaded disease rather than suffer in private

Business Of LIfe
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Vested interest groups like contractors close to the government benefit unduly from the MGNREGS, a study suggests. (HT)
Vested interest groups like contractors close to the government benefit unduly from the MGNREGS, a study suggests. (HT)

How MGNREGS is used as a political tool

The authors use a data set that includes census and MGNREGS implementation data at the single-constituency level for Andhra Pradesh (from 2009 to 2017) across an entire election cycle (2009 to 2014)

 Estimating the emissions from e-commerce is complicated
Estimating the emissions from e-commerce is complicated

Amazon’s new environmental report will show how bad two-day shipping is

  • Ordering online uses less energy than driving to the store, but the benefits drop with faster delivery
  • A challenge for Amazon, which now counts more than 100 million Prime members, all of whom are eligible for two-day shipping

If the property is self-acquired, the owner can bequeath it as per his wish (iStock)
If the property is self-acquired, the owner can bequeath it as per his wish (iStock)

If legal heirs give up inheritance right, children can’t stake claim to property

  •  If the owner has inherited a property through a Will or otherwise, his children are also considered legal heirs to that property
  • There is no distinction between an inherited, self-acquired property and ancestral property in case of Christians, Muslims and Parsis

 (iStocK)
(iStocK)

Top mutual fund schemes to invest in - Mint 30

  • Pick up 5-8 schemes to build a good portfolio
  • Use this list as a starting point and then spend time selecting your unique portfolio out of these

Last year, Starbucks had said it will eliminate all plastic straws from its stores by 202o. (Bloomberg)
Last year, Starbucks had said it will eliminate all plastic straws from its stores by 202o. (Bloomberg)

Starbucks to switch to compostable and recyclable packaging in India by June

  • Starbucks claims to be the first in the industry to adopt all recyclable and compostable packaging solutions in India
  • The coffee chain to partner with local companies to recycle the waste generated in-stores in India

Sumant Sinha, chairman and managing director, ReNew Power. (Pradeep Gaur/Mint)
Sumant Sinha, chairman and managing director, ReNew Power. (Pradeep Gaur/Mint)

ReNew Power raises up to $350 million in debt funding from OPIC

  • ReNew Power plans to use the funding for construction of new wind and solar power plants
  • Overseas Private Investment Corp. (OPIC) had in March 2016 granted a loan of $250 million to ReNew Power

Samsung devices are seen on display during the Samsung Unpacked product launch event in San Francisco. (AFP)
Samsung devices are seen on display during the Samsung Unpacked product launch event in San Francisco. (AFP)

How Samsung’s New Galaxy S10 Compares to the iPhone XS Max

  • The Samsung flagship goes on sale just a few months after Apple’s revamped competitor
  • Here are some significant differences between the iPhone XS (Ten S) and Galaxy S10 (S Ten)

The Super Hornet is highly capable across the full mission spectrum for the Indian Air Force and is a true multi-role aircraft.  (AFP)
The Super Hornet is highly capable across the full mission spectrum for the Indian Air Force and is a true multi-role aircraft. (AFP)

Boeing holds talks with HAL and MDS on F/A-18 Super Hornet 'Make in India' plan

  • Boeing also highlighted its growing services, sustainment and training footprint in India
  • The partners are developing comprehensive plans to set-up a new 'factory of the future' to manufacture Super Hornet locally

BJP chief Amit Shah, B.S. Yeddyurappa and others in Chikkaballapur on Thursday. (PTI)
BJP chief Amit Shah, B.S. Yeddyurappa and others in Chikkaballapur on Thursday. (PTI)

Karnataka has two-and-half chief ministers: Amit Shah

  • Shah says unlike Kumaraswamy’s failed promises on the farm loan waiver, the Modi govt’s direct transfer scheme will benefit 13-15 crore farmers
  • The BJP has tried to capitalise on the frequent friction between the JD(S) and Congress in Karnataka

 (Photo: iStockphoto)
(Photo: iStockphoto)

Cybercriminals now 'formjack' to steal card details: Symantec

  • Formjacking refers to cyber criminals injecting malicious codes into a retailer's website to steal card details of shoppers
  • More than 4,800 unique websites are compromised with formjacking code every month globally

 It expects state-run banks' capital shortages to shrink substantially in FY20 as their asset quality improves.
 It expects state-run banks' capital shortages to shrink substantially in FY20 as their asset quality improves.

'Despite massive capital infusion, full turnaround still at least 2 years away'

  • A key hindrance to a faster turnaround of these banks is the slow progress in the resolution of legacy bad loans
  • The report further said the fresh capital will enable banks to use operating profit to significantly boost provisions for bad loans