Day: December 10, 2018

Special Report: After a child’s dire diagnosis, hope and uncertainty at the frontiers of medicine

NEW YORK – “I wish I didn’t have this hand anymore,” my 4-year-old son said as he woke one winter morning. “Why, my love?” “Because it’s no good,” he said, pulling at the nearly lifeless fingers of his left hand with its stronger partner. Already weary from fear […]

Bangladesh briefly shuts dozens of online news sites, citing security concerns

DHAKA – Bangladesh’s telecoms regulator shut down dozens of online news portals for several hours on Monday, citing security reasons, as officials scrutinize hundreds of sites before a parliamentary election this month. The move comes as Prime Minister Sheikh Hasina’s government is already facing criticism for introducing laws […]

Explainer: Manoeuvres leading up to departure of Urjit Patel

NEW DELHI – A protracted tiff between the Indian government and the Reserve Bank of India (RBI) climaxed on Monday when central bank governor Urjit Patel resigned, days before a board meeting where he would have faced intense pressure. A majority of the 18-member board had been expected […]

Modi says RBI governor Patel steered banking system from chaos

NEW DELHI – Prime Minister Narendra Modi said that the governor of the Reserve Bank of India, Urjit Patel, who abruptly resigned on Monday had steered the banking system from chaos to stability. “Under his leadership, the RBI brought financial stability,” Modi said in a tweet. Reuters 10/12/2018

Raghuram Rajan says Patel’s resignation a matter of concern

NEW DELHI  – The surprise resignation of the Reserve Bank of India governor Urjit Patel on Monday should be a matter of concern for all Indians and needs to be investigated, former central bank chief Raghuram Rajan said. “I think his statement should be respected. We should go […]

Assembly election results could halt Prime Minister Modi’s winning streak

NEW DELHI – Prime Minister Narendra Modi is staring at election losses in big heartland states, polls show, suggesting that farm distress and a lack of jobs for growing numbers of young people could prove stumbling blocks for his re-election bid in May. India counts votes on Tuesday […]

Indian central bank head quits after months of government pressure

MUMBAI – The Governor of the Reserve Bank of India, Urjit Patel, resigned suddenly on Monday, following months of pressure from Prime Minister Narendra Modi’s government that is threatening the independence of the central bank, sending the rupee tumbling. Government officials have been complaining in the past few […]

Streamlining of National Pension System (NPS)

open view web desk The Union Cabinet in its Meeting on 6th December, 2018 has approved the following proposal for streamlining the National Pension System (NPS). ·         Enhancement of the mandatory contribution by the Central Government for its employees covered under NPS Tier-I from the existing 10% to 14%. ·         Providing freedom […]

Due Date for Filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C extended till 31st March, 2019

open view web desk The competent authority has decided to extend the Due Date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C till 31st March, 2019. The requisite FORMs shall be made available on the GST common portal shortly. Relevant Order is being issued. Earlier, FORM GSTR-9 and FORM […]