The Free Press Journal - Mumbai - October 10, 2024

In this issue

October 10, 2024

RBI HOLDS BACK ITS HORSES

The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday, but changed its policy stance to \"neutral\" from \"withdrawal of accommodation,\" thus opening the door for rate cuts as early as December.

1 min

Macro win was Micro managed

A day after the results of the Haryana Legislative Assembly elections were declared on Tuesday, several leaders who lost by narrow margins were left wondering what went wrong and how.

3 mins

Nod to deal to build 2 nuke submarines

In a major boost for the Indian Navy and the defence forces' surveillance capabilities, the Cabinet Committee on Security has approved significant deals to build two nuclear submarines domestically and purchase 31 Predator drones worth Rs 45,000 crore from the United States.

1 min

Cong bahana for HARyana

A delegation of the Congress party on Wednesday met the Election Commission and submitted a number of complaints about the functioning of the Electoral Voting Machines during the counting process.

2 mins

Court rejects Parekh's plea for closure of case

A special SEBI court has rejected the plea of Ketan Parekh for the closure of the criminal case initiated by Securities and Exchange Board of India (SEBI) for manipulation of market regulations.

1 min

NGO seeks pilgrimage grants for minorities

Activists have alleged discrimination against minorities when it comes to financial assistance to visit pilgrimage places under the Chief Minister Tirtha Darshan Yojana.

1 min

Bandstand garden fails to impress despite ₹18 cr cost

Bandra residents are dismayed over the beautification work at Bandra Bandstand fort garden, which reopened to the public on Monday, after a two-year hiatus.

1 min

Hip-hop can keep youth tip-top, healthwise

After successfully using hip hop music to educate youth about health issues in the United States, Columbia University shared this innovative strategy with health-care and social workers in Mumbai.

1 min

Aqua Line Metro Misery: Glitches, Gimmicks, Gaps

After all the fanfare surrounding a high-tech, modern Metro railway system, the travel experience on the Aqua Line section of Mumbai Metro Line 3, which officially opened to the public on Monday, is utterly miserable. Services might improve in the coming months, but the current situation is dire.

2 mins

CM's facelift spree set to cover three key temples

Eknath Shinde is set to inaugurate and perform bhoomi pujan today; detailed project report is ready

1 min

CR's Pune Division earns ₹184.90cr in September

Central Railway's Pune Division earned a whopping ₹184.90 crore in revenue in September, a 23.90% increase compared to September 2023.

1 min

Wakad-Chandani Chowk service road turns into garbage dump

Commuters allege that passers-by dump garbage, and the PMC has not been seen taking any action to prevent or control the situation

2 mins

Liquor worth ₹40k and ₹15k cash stolen from bar

Even as the news of the theft of Amba Barfi and dry fruits from a shop in Yerwada has not become old, a bar in Pune city in the Kondhwa area was looted by thieves on Monday midnight.

1 min

NMC seeks guidance to revoke or adjust tax hike

Guidance has been sought from the government to cancel or adjust the unfair tax hike.

1 min

Rumblings in AIMIM ahead of Maha polls

In the run-up to Maharashtra Assembly elections, a senior AIMIM leader has alleged that the party has sidelined him after his name did not feature on a list of five candidates announced recently.

1 min

Survey highlights tribal needs

Study reveals gaps in scheme benefits for tribal communities

1 min

Thieves loot temple donation box

Thieves broke open a donation box in a temple in the Shivajinagar area and stole the cash accumulated over the last two months.

1 min

RBI moots non-levy of foreclosure charges on micro, small cos loans

The Reserve Bank of India has decided to broaden the scope of regulations to micro and small enterprises loans, which restrict banks and non-banking finance companies from leving any foreclosure charges or prepayment penalties on floating rate term loan to individual borrowers, Governor Shaktikanta Das said.

1 min

Carbon tax proposed by EU unilateral, arbitrary to hurt India's export: FM

Finance Minister Nirmala Sitharaman on Wednesday said the Carbon Border Adjustment Mechanism or CBAM is unilateral and arbitrary and will hurt India's exports after its implementation by the European Union.

1 min

Investors pushing some NBFCs to grow fast; unsustainable practices will invite action: RBI

The Reserve Bank on Wednesday said it has come across instances of investors pushing some non-banking finance companies (NBFCs) to grow aggressively, which is leading to inappropriate business practices.

1 min

‘RBI misses opportunity to spur hsg demand’

The RBI should have cut key interest rates to boost growth in the real estate sector and the overall economy as any reduction in mortgage rates would have further accelerated housing demand in the current festive quarter, according to industry players.

1 min

UPI Lite wallet limit enhanced to ₹5,000

The Reserve Bank on Wednesday announced the increase of the UPI Lite wallet limit to Rs 5,000 and per-transaction limit to Rs 1,000, in order to encourage wider adoption of the popular instant payment system through mobile phones.

1 min

Vedanta Resources repays $869 mn in Oct to redeem bonds due in 2027 & 2028

The repayments are part of a larger liquidity management exercise

1 min

HDFC Life Insurance to raise ₹1,000 cr via NCDs

HDFC Life Insurance on Wednesday said the insurer plans to raise Rs 1,000 crore through non-convertible debentures to fund business growth.

1 min

Azim Premji Foundation to support CMC Vellore with ₹500 crore grant

Christian Medical College Vellore on Wednesday said it plans to set up a new medical college and a teaching hospital at Chittoor in Andhra Pradesh, for which the Azim Premji Foundation will support it with a Rs 500 crore grant.

1 min

Peak power demand to touch 270 GW next fiscal

The peak power demand is expected to touch the 270 GW mark next fiscal and reach a level of 446 GW by 2035, Central Electricity Authority Chairperson Ghanshyam Prasad said on Wednesday.

1 min

Hyundai Motor India to float ₹27,870-cr IPO on October 15

Hyundai Motor India Ltd (HMIL), the Indian arm of South Korean automaker Hyundai, on Wednesday said it has fixed a price band of Rs 1,865-1,960 per share for its Rs 27,870 crore initial public offering (IPO) that opens for subscription on October 15.

1 min

NOW, 200 SENIOR DOCTORS RESIGN

Over 200 senior doctors in West Bengal from Kolkata Medical College, SSKM, NRS, North Bengal Medical college resigned en mass on Wednesday in solidarity with the demands of the juniors.

1 min

Jammu: Deposit of 68% forfeited, highest of PDP

In 43 assembly segments of Jammu region, 68.53 per cent candidates including almost all of the PDP and BSP forfeited their security deposits.

1 min

Modi hails Saini for ‘historic win’

Prime Minister Narendra Modi on Wednesday met Haryana chief minister Nayab Singh Saini and congratulated him for the third consecutive win of the BJP in the state assembly election.

1 min

Ind trio extend support to BJP

All the three Independent candidates who won the Haryana assembly election, extended their support on Wednesday to ruling BJP, which scored a victory for the third time in the state.

1 min

AFSPA to continue in 4 Assam districts for six more months

The Armed Forces (Special Powers) Act, or AFSPA, has been extended for six months in four districts of Assam in view of the recent disturbances in the neighboring Bangladesh.

1 min

Prime Minister Modi blames urban Naxals' false narrative

Coasting on the Assembly election results in Haryana, Prime Minister Narendra Modi has appealed to the people of Maharashtra to re-elect the MahaYuti government in the upcoming election.

1 min

ED ATTACHES LALU AIDE PROPERTIES

The central agency attaches ₹21.38 crore wealth of former RJD MLA Arun Yadav, his wife Kiran Devi and son

1 min

Woman dies of Congo Fever in Rajasthan

A woman from Jodhpur died of Congo Fever in Ahmedabad where she was under treatment in a hospital. The health department team reached the woman's village and conducted a survey after the confirmed report of death due to Congo Fever.

1 min

Rain casts its shadow over paddy harvesting season

FEARS RAISED OVER DAMAGE TO READY-TO-HARVEST CROPS

1 min

Murder case solved

Jubilee Hills Police have arrested a person in connection with the gruesome murder of a 44-year-old woman in Yousufguda colony.

1 min

Collective & effective team-work key in Garuda Seva

While complimenting the workforce of TTD deployed for Garuda Seva for making the mega event a grand success with a team spirit, the TTD EO J. Shyamala Rao asked the officers to continue the same and ensure the success of the annual Brahmotsavams.

1 min

Jagan should avoid false campaigns against govt: Lokesh

Andhra Pradesh Minister Nara Lokesh on Wednesday said that former Chief Minister YS Jagan should avoid false campaigns.

1 min

Karnataka keen to do biz with tourists visiting Maldives: CM

Karnataka Chief Minister Siddaramaiah on Wednesday offered to facilitate the growth of the information technology industry in Maldives, and expressed keenness to promote the state's handicraft and handloom products to tourists visiting the island nation.

1 min

"'Haryana outcome will have no impact on Cong govt's commitment on caste census'"

Karnataka Minister Priyank Kharge on Wednesday said that Haryana Assembly election results will have no impact on the commitment of the Congress government in the State on the issue of caste census.

1 min

SCPC deliberates on child welfare initiatives

State Child Protection Committee (SCPC) Chhattisgarh on Wednesday focused on key child protection issues and the coordination between various departments.

1 min

DEDICATE AN HOUR FOR THEMSELVES: ARUN SAO

Chhattisgarh Deputy Chief Minister and Public Works Department Arun Sao on Wednesday emphasized the importance of personal time, stating that in today's hectic world, individuals - whether police officers or journalists - face unpredictable work hours and high stress.

1 min

17-year-old girl gang-raped

Three unidentified culprits were Hindi-speaking, says victim's friend; forced him to flee

2 mins

Suspected witch, shot dead by kin

The 45-year-old mother of two was sleeping at home when the accused barged in and shot her dead at close range

1 min

55 samples sent to laboratory for testing

In the presence of ATS Gujarat and NCB, 55 samples were sent to the laboratory for testing, said officials here on Wednesday.

1 min

Pontoon bridge over Chambal river in Veerpur soon, says CM

Chief Minister Mohan Yadav said no stone would be left unturned for development of Veerpur in Sheopur district. A pontoon bridge will be constructed from Nandi village to Gavghat over Chambal river. This will increase the transportation facility till Rajasthan's Karoli Mata temple and Sawai Madhopur.

1 min

Challenges for Abdullah, Saini govts

How the losers introspect and draw lessons from the verdict will reflect in their performance in the next round of elections. But the winners' conduct will immediately weigh on the quality of governance they will provide

4 mins

Congress bought into its own narrative, but it was a lot of hot air

The triumphalism of containing the BJP in the general elections had led the Congress to treat an Assembly victory as a foregone conclusion

3 mins

Tackling the trauma of a world wracked by violence

On World Mental Health Day, a look at how news of violence around us can impact mental health even of those otherwise unaffected by it

3 mins

Hezb targets Israeli troops on Lebanese border

Militants say they have pushed enemy back, IDF says four divisions on ground zero

1 min

Chemistry Nobel for three scientists' work on proteins

The Nobel Prize in chemistry was awarded Wednesday to David Baker, Demis Hassabis and John Jumper for their work with proteins, the building blocks of life.

1 min

Ukraine peace plan meet postponed

An international summit on Ukraine where Volodymyr Zelenskyy was going to present a \"victory plan\" to western leaders has been formally postponed - though the Ukrainian president will try to organise a tour of European capitals instead.

1 min

SA players lead the way

Wolvaardt and Brits are the tournament's top two scorers while Mlaba becomes the leading wicket-taker

1 min

Root, Brook lead England to strong position

Root overtook Cook as England's top run-scorer in Tests for his 176

1 min

Nitish stars in India win

All-round effort helps India beat Bangladesh by 86 runs in second T20I

1 min

Read all stories from The Free Press Journal - Mumbai

The Free Press Journal - Mumbai Newspaper Description:

The Free Press Journal is one of the oldest English Daily newspapers from Mumbai with a heritage of more than 90 years. And yet, The Free Press Journal is a contemporary paper and rooted in current urban realities.

In keeping with the international trend, it has reinvented itself in terms of design, get up and content. It means different thing to different people – a platform for the articulate, a trendsetter for the young and a chronicle for the old.

It was at the forefront of freedom struggle against the British and continues with the free and fearless journalism till date. Indeed, the history of The Free Press Journalism mirrors that of Indian independence.

Swaminath Sadanand, a 30-year-old idealist from Madras trudged his way to Bombay and with a vision that was to prove uncomfortably ahead of his day, brought out a newspaper as unorthodox in character as it was innovative in concept. For Swaminath Sadanand, the Free Press Journal was not so much a business venture as a cause.

The spirit with which he launched the paper and ran it for almost three decades helped it make it an integral part of two great Indian movements — the struggle for independence and the evolution of Indian publishing.