Around the Globe

Around the Globe

FRBM panel’s prescription suits govt plan to up spending

The NK Singh-led fiscal responsibility and budget ma­n­agement (FRBM) panel might come to the rescue of the Narendra Modi governm­ent, which is looking to step up public spending to counter economic slowdo­wn, triggered by demonetisation, but is constrained by the exigency to honour fiscal commitments. Singh is a former revenue secretary.

Patel not yet out of the House panel cross hairs

Reserve Bank of India (RBI) governor Urjit Patel may have to appear before the public accounts committee (PAC) of Parliament on February 6 again as the panel wants to hear his replies on demonetisation issues at the earliest. Patel, who along with the board of governors and senior officials of the apex bank appeared before the parliamentary panel on January 20, was asked to submit his replies in writing within 15 days.

Uttarakhand: Cong rebels smoothen BJP ride

Mass induction of Congress rebels has caused political indigestion to the BJP, which is being labelled as “mini Congress” after more than a dozen defectors from the ruling party were fielded from the saffron plank. All those Congress leaders, who left chief minister Harish Rawat, have been accommodated by the BJP causing unrest within its own ranks.

UP alliance gives 298 seats to SP, 105 to Cong

After days of Akhilesh Yadav’s dilemma and intense bargaining over seat sharing, the Samajwadi Party-Congress alliance was finally inked on Sunday.
Of the 403 assembly berths, the Samajwadi Party will contest 298 seats leaving the rest 105 for its ally Congress. The RLD, which would be going alone, has already declared 35 seats in western UP.
On Saturday, the alliance was tottering and it nearly collapsed with the SP refusing to give Congress more than 99 seats and the later sticking to its demand for over 140 seats.

Air India’s US operations beat Gulf for revenues

A significant shift in business is taking place at Air India with US operations contributing big time compared to other foreign markets, including the Gulf and Far East, which for decades remained most lucrative for the state-run carrier.
Once written off by most experts, the carrier’s direct flights to the US now account for 28 per cent of its total international capacity, earning an estimated surplus of 22 per cent over variable cost.

Trump’s drug cost concern an opportunity for Indian firms

The ‘protectionist’ policies of the US under president Donald Trump are something the world markets are worried about. Trump’s comment ‘Buy American, Hire American’ in his inaugural address has made the IT sector jittery and may create a flutter in the stock market on Monday. But Indian pharma industry watchers are optimistic.

Pro-jallikattu protesters continue stir

The pro-jallikattu protests continued for the fifth day today across Tamil Nadu with the youth and students continuing to stay put at the venues, including the Marina, the epicentre of the statewide stir, here.

The entire area in and around Marina was abuzz with hordes of men, women and children shouting slogans, seeking nod for the bull-taming sport. Jallikattu supporters also staged rail blockade at Madurai even as train services continued to remain affected due to the ongoing stir.

Alliance with SP will not help Cong in UP: Mayawati

Accusing Akhilesh Yadav government of shielding criminals and communal forces, BSP chief Mayawati today said Congress' attempted tie-up with ruling Samajwadi Party showed its political bankruptcy and will be inimical to party which is "running on oxygen support" in Uttar Pradesh.

She alleged that Congress was kowtowing to Samajwadi Party by accepting "tainted" Akhilesh Yadav as the chief ministerial candiate and claimed several Congress leaders have come to BSP after talks for an alliance between the two parties for the upcoming Assembly polls.

Mulayam aide joins BSP, slams Akhilesh

In a setback to Samajwadi Party, Mulayam Singh Yadav's aide Ambika Chaudhary today joined the BSP, saying he was saddened by the way the SP patriarch was treated by his son and Chief Minister Akhilesh Yadav.

Chaudhary, who joined the BSP in the presence of party chief Mayawati, has been promised a party ticket from his traditional Phephna seat in Ballia which he had lost in the 2012 Uttar Pradesh Assembly elections.

Jallikattu: PM Modi says efforts made to fulfil cultural aspirations of Tamil people

After the Centre gave its nod on Jallikattu ordinance, Prime Minister Narendra Modi on Saturday asserted that efforts are being made to fulfil the cultural aspirations of the people there.

“We are very proud of the rich culture of Tamil Nadu. All efforts are being made to fulfil the cultural aspirations of Tamil people,” Prime Minister Modi tweeted. Ensuring the government’s commitment towards the progress of Tamil Nadu, Prime Minister Modi added that the Centre will work to ensure achieving new heights of development in the state.