Bombay High Court Confirms Maratha Quota, But Says 16% Not Justifiable

The Bombay High Court today upheld the Maharashtra government's decision to provide reservation to the Maratha community in government jobs and educational institutions. However, the court cut down on the quantum of 16 per cent approved by the government on the grounds that it was not "justifiable". 

Read the Complete news: state news india

New industrial policy to be announced soon

The government will soon announce a new industrial policy aimed at promoting growth of industries and creation of jobs, President Ram Nath Kovind said.

Addressing the joint sitting of both Houses of Parliament, the President said work is underway in full earnest to transform India into a global manufacturing hub.

The new policy will replace the industrial policy of 1991 which was prepared in the backdrop of balance of payment crisis. This will be the third industrial policy after the ones released in 1956 and 1991. 

Read the Complete news:  latest business news

Shoaib Akhtar Calls Sarfaraz Ahmed 'Brainless Captain' After Loss To India

Former Pakistani fast-bowler Shoaib Akhtar has criticised the Pakistan team for their poor show against arch-rivals India in the World Cup 2019 encounter. Riding on a hundred by the vice-captain Rohit Sharma and half centuries from Virat Kohli and KL Rahul, India beat Pakistan by 89 runs. Shoaib was critical of Pakistan captain, Sarfaraz Ahmed and called him 'brainless' while explaining the outcome of the match that took place in Manchester on Sunday. Sarfaraz won the toss and sent India to bat first in the crucial game and the decision back-fired, giving Pakistan their third loss of World Cup 2019. 

Read the Complete News: sports news india 

Vijay Mallya was heckled At India-Australia World Cup Match

Businessman Vijay Mallya was subjected to cries of "chor hai (you are a thief)" as he left The Oval stadium in London yesterday, where he was watching a cricket World Cup match between India and Australia with his son, Siddharth Mallya. The former Kingfisher Airlines boss is facing extradition to India where he is wanted on charges of fraud and money laundering amounting to Rs. 9,000 crore.

Read the Complete News:  business news india

RBI Cuts Rate To Lowest In 9 Years To Boost Growth, Loans May Get Cheaper

The Reserve Bank of India's Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, on Thursday unanimously lowered key lending rate or repo rate by 25 basis points or 0.25 per cent to 5.75 per cent. The six-member committee also changed the policy stance to "accommodative" from "neutral". Repo rate is the interest rate at which commercial banks borrow short-term funds from the RBI. The rate cut comes after official data last month showed the country's GDP or gross domestic product grew 5.8 per cent in the quarter ended March 31. That meant India lost its status as the fastest growing major economy to China, which clocked a growth of 6.4 per cent in the three-month period. 

Read the Complete news:  business news india

Radhakrishna Vikhe Patil Quits Congress, Others May Follow

Veteran Maharashtra leader Radhakrishna Vikhe Patil, said to be on his way to the BJP, formally quit the Congress today. The buzz is that around 10 lawmakers are likely to follow him, in view of the party's abysmal performance in the Lok Sabha elections. Though the Congress has dismissed the possibility, such a development may prove a huge setback for the party ahead of the assembly elections in the state that will be held in November.   

Read the Complete News:  political issues 2019

Sonia Gandhi elected as parliamentary party leader

A group of newly elected Congress parliamentarians on Saturday elected UPA Chairperson Sonia Gandhi as their parliamentary leader. The decision was taken in a meeting, which was held a week after Rahul Gandhi, taking responsibility for the party's loss in the Lok Sabha election 2019, expressed his desire to quit the Congress President post. The Congress won 52 out of 542 parliamentary seats in 2019's General Elections. This is the party's second worst performance after the 2014 poll debacle. The grand old party is three members short to qualify for the post of Opposition's leader in Lok Sabha.

Read the Complete news:  elections news india