New regime at RBI debuts with rate cut: The Monetary Policy Committee (MPC) has reduced the repo rate by 25 basis points to 6.25 per cent which is a 6-year low.
Cauvery board formation put off, SC gives the nod for ‘technical team’: Supreme Court has put on hold its order to constitute the Cauvery Management Board (CMB) and settled for the Centre’s suggestion for appointing a “technical team” to visit the Cauvery basin.
To be truly transparent: Only a full-time commission independent of the government and judiciary can provide transparency and credibility to the system of appointments to the higher judiciary.
Clinching the N-deal with Japan: Japan has decided to sign an agreement on civil nuclear cooperation with India, which has not signed NPT. For India, the civil nuclear agreement with Japan is important for the message of trust it would convey to Nuclear Suppliers Group (NSG) members.
A lost opportunity: The referendum rejecting the peace agreement between the government and the rebels of FARC could push Colombia towards a fractious peace.
New rules of the game: Judiciary has trusted the players to clean up Indian cricket. The Supreme Court-appointed Justice R.M. Lodha committee wanted the BCCI to embrace game-changing reforms.
Financial gains in giving: Tax rebate to individuals and institutions who give money for charitable purposes under the Income Tax (I-T) Act acts as a great motivator for philanthropy.
US. suspends Syria talks amid rising tension with Russia: U.S. accuses Kremlin of carrying out a brutal bombing campaign in Aleppo. The developments signalled the further deterioration of relations between the U.S. and Russia.
NPA situation to be dealt with firmness, pragmatism: Urjit Patel has said that he would ensure that the economy does not feel any lack of credit to support growth: The NPA situation is an important issue for the RBI.
Global growth to stay weak: IMF: The International Monetary Fund(IMF) has forecasted for a weak global growth and warned that further stagnation will fuel more populist sentiment against trade and immigration affecting activity, productivity and innovation.
SEBI to audit its own governance standards: Independent board members will evaluate SEBI’s performance. The independent members of SEBI’s board will meet separately to discuss issues related to the performance audit of the regulator.
SCIENCE & TECHNOLOGY
3 U.K. –born scientists share physics Nobel: The Nobel Prize in Physics for 2016 has been divided; one half awarded to David J. Thouless, the other half jointly to F. Duncan M. Haldane and J. Michael Kosterlitz “for theoretical discoveries of topological phase transitions and topological phases of matter.”