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Mumbai: Some economists are batting for an outsized rate cut-of half a percentage point instead of the customary quarter-as future price pressures appear benign and credit demand remains subdued. Economists from the State Bank of India and Piramal Enterprises are advocating a 50-basis-point (bps) reduction in the policy rates, due to be announced after the latest bi-monthly review Friday morning, even though an ET survey of a dozen bankers and economists indicates a 25 bps cut. One basis point ...Read More >
JAMMU, June 5: The Anti-Corruption Bureau (ACB) today arrested a Deputy Forester and a Forest Guard red-handed for demanding and accepting a bribe of Rs 11,000 from a complainant in the Kalidhar Range of Chowki Choura Block. An ACB official said the officials-Surinder Kumar, then posted as Deputy Forester, and Kewal Krishan, then Forest Guard-had demanded a total bribe of Rs 14,000 for the release of an additional CDR related to the construction of 126 boundary pillars in Compartment number 12/ ...Read More >
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