The Free Press Journal - Mumbai - December 07, 2024

In this issue

December 07, 2024

RBI inflation fixation persists

Key rates unchanged at 6.5% but reduction in CRR will result in liquidity infusion of Rs 1.16 lakh crore

3 mins

AJIT, KIN OFF THE HOOK IN BENAMI CASE

A day after taking oath as the deputy chief minister of Maharashtra, NCP chief Ajit Pawar obtained a significant relief from the Income Tax Appellate Tribunal in the Benami Property Transactions case.

1 min

Hindutva-cum-development

FIRST-HAND | Fadnavis underscores the compatibility of his twin agenda

3 mins

Shinde may not make it Home

Shortly after being sworn in, Chief Minister Devendra Fadnavis said that his cabinet would be expanded before the winter session of the state legislature scheduled for December 16 in Nagpur.

1 min

Soros funded Rahul Yatra?

Lok Sabha adjourned twice - once over Congress protest on Adani issue, and then over commotion caused by Nishikant Dubey's allegations against Rahul Gandhi

2 mins

Cash-on-seat ruckus in RS

COMMOTION | I only carry one ₹500 note when I go to the Rajya Sabha, says Cong MP

3 mins

Drones on Bangla border as Misri packs for Dhaka

India on Friday announced that Foreign Secretary Vikram Misri will travel to Dhaka on December 9, a visit that comes amid strained ties with Bangladesh over attacks on minorities, including Hindus.

1 min

Teargas stops farmers' march, 'jatha' to follow

Farmers halted their \"Delhi chalo\" protest foot-march for the day on Friday after several farmers were injured in the teargas shelling by Haryana police at Shambhu border near here Friday evening.

1 min

822 farmer suicides in Marathwada

More than 800 farmer suicides have been reported in 2024 in the eight districts of Marathwada region, with compensation being given in 303 cases, while inquiry is pending for 314, an official said on Friday.

1 min

Former minister Pichad no more

Former minister Madhukar Pichad, 84, passed away on Friday at a hospital in Nashik following a prolonged illness.

1 min

A journey across all tiger reserves in the country

The exhibition will be held at Jehangir Art Gallery from Dec 11 to 15

1 min

Ultra to mark Vijay Diwas

In commemoration of Vijay Diwas, the Army on Friday held 'Vijay Diwas Ultra Marathon' to pay tribute to the sacrifice by the armed forces in the 1971 operation, the defence ministry said.

1 min

HC raps cops over probe into woman's complaint

The 53-year-old alleges that bank's relationship manager siphoned off ₹3 crore from her account

2 mins

180 years of healing history at JJ Hospital

To celebrate 180 years of teaching and healing, Sir JJ Hospital has opened a museum to showcase its rich medical heritage.

1 min

Dept head responsible too: Prosecution

While the trial is yet to begin in the 2019 case of Dr Payal Tadvi, who ended her life due to alleged caste-based harassment, the prosecution has sought to implicate her department head Dr Ching Ling.

1 min

Three bulls die from racing injuries; activists file FIR

Participants often force animals to run by striking them

1 min

Pothole-free dream slows as road concretisation hits block

Despite a year passing since the commencement of the road concretisation project, the BMC has completed only 46km of the planned 324km in Phase 1.

1 min

BAPS's Mumbai centre marks 50 years

The Bochasanwasi Akshar Purushottam Swaminarayan (BAPS) sect will commemorate 50 years of its Mumbai centre with a grand celebration at the Narendra Modi Stadium in Ahmedabad and felicitate one lakh volunteers from around the world associated with the organisation.

1 min

ED seizes ₹13.5cr alleged to be part of laundered funds

MALEGAON MONEY LAUNDERING | Searches at premises in Ahmedabad, Mumbai reportedly linked to angadia network

2 mins

HC quashes circular on names of charities, trusts

Circular prohibited the use of phrases like 'human rights' in the names of charitable trusts

1 min

HC directs release of Nigerians who have served sentence

The Bombay High Court recently ordered the release of two Nigerian nationals, observing that foreign nationals are entitled to the fundamental right to life and liberty under Article 21 of the Constitution of India.

1 min

CR extends running of Virangana Laxmibai Jhansi Express

Central Railway will extend the running of following trains on Demand special trains to clear the extra rush of passengers.

1 min

Growth to pick up in Oct-Mar: India Ratings

India Ratings and Research Ltd. expects the revenue growth of Indian companies to pick up in the second half of the current financial year due to improved volumes and better ability to pass the impact of inflation to the customers.

1 min

Markets snap five-day rally; settle marginally lower in volatile trade

Benchmark equity indices Sensex and Nifty ended marginally lower in a highly volatile trade on Friday, snapping their five-day rally, after the Reserve Bank of India kept the policy rate unchanged but sharply cut the FY25 GDP growth forecast.

1 min

RBI raises collateral-free agriculture loan limit to ₹2 lakh

The Reserve Bank on Friday enhanced the collateral-free agriculture loans limit to Rs 2 lakh per borrower from the existing Rs 1.6 lakh in view of inflation and rise in farm input costs.

1 min

Realtors expect housing demand to remain strong on stable

Realtors industry bodies CREDAI and NAREDCO expect the RBI to reduce key interest rate in its next monetary policy to boost housing demand, which they said will remain strong with the stability of interest rates on home loans.

1 min

India's forex reserves jump USD 1.51 bn to USD 658.091 bn

India's forex reserves increased by USD 1.51 billion to USD 658.091 billion for the week ended November 29, the RBI said on Friday.

1 min

Small finance banks can now extend credit lines on UPI

Small Finance Banks can now extend pre-sanctioned credit lines through the Unified Payments Interface, Reserve Bank of India Governor Shaktikanta Das said in the monetary policy statement Friday.

1 min

RBI decisions to ensure balance between growth, inflation

Experts feel move is well-timed and practical

1 min

Rate caps hiked on diaspora's foreign currency deposits to attract flows

The Reserve Bank on Friday announced a raise in the interest rate caps on the diaspora's foreign currency deposits, in a move aimed at attracting more capital flows amid pressures on the rupee.

1 min

MuleHunter.ai to identify mule accounts

The Reserve Bank of India introduced MuleHunter.ai, an advanced artificial intelligence and machine learning model developed by Reserve Bank Innovation Hub in Bengaluru, to tackle the growing menace of mule bank accounts and digital fraud, Governor Shaktikanta Das said on Friday.

1 min

NCLAT junks Jaiprakash Associates' plea against insolvency proceedings

The National Company Law Appellate Tribunal (NCLAT) on Friday rejected Jaiprakash Associates Ltd's petition challenging the insolvency proceedings initiated against the company.

1 min

CEAT inks pact with Michelin to acquire Camso's OHT, tracks biz

Tyre maker and RPG Group company CEAT on Friday said it has entered into a definitive agreement with Michelin to acquire its Camso brand's off-highway tyres (OHT) and tracks business for about USD 225 million (about Rs 1,905 crore).

1 min

FM: GDP slowdown in Q2 not systemic, Q3 to compensate

The GDP slowdown in September quarter was not \"systemic\" and the economic activity in third quarter, with better public expenditure, is likely to compensate for the moderation, Finance Minister Nirmala Sitharaman said on Friday.

1 min

Western Railway pays tribute to Dr Babasaheb Ambedkar

The 68th Mahaparinirvan Diwas of Bharat Ratna Dr Babasaheb Ambedkar was observed in a dignified manner across all Divisions & Units and at Western Railway's Headquarters at Churchgate on 6th December, 2024.

1 min

BJP core committee aims to end infighting in K'taka

Karnataka BJP in charge and party's national general secretary Radhamohan Das would chair a state core committee meeting to iron out differences and put up a united fight against the Congress government in the ensuing winter session beginning from December 9.

1 min

We answered Pak with Uri, Balakot strikes: Jaishankar

External Affairs Minister S Jaishankar on Friday said India is no longer what it used to be on the issue of defending herself.

1 min

Yogi: 'Jinnah spirit' led to anarchy in B'desh

FIRING SALVO | Adityanath attacks fundamentalists for unleashing atrocities on minorities in Bangladesh

1 min

NDA to hold rally to woo backward castes

Ahead of the assembly election, Bihar NDA will hold a rally in the state capital on Saturday in a bid to expand its support base among extremely backward castes.

1 min

Death penalty for Kolkata minor's rapist & murderer

TIMELY JUSTICE | West Bengal chief minister Mamata Banerjee welcomed the verdict, delivered in record 62 days

1 min

Govt announces plan to set up new Veterinary college in Usgao

The State government has announced the establishment of a new Veterinary College, named \"Goa College of Veterinary and Animal Sciences,\" at Usgao.

1 min

KCR pays tributes to BR Ambedkar

BR Ambedkar paved the way for the governance of the country through the constitution

1 min

Let us work in the footsteps of Dr. Ambedkar: Collector

Krishna District Collector Dr. G. Lakshmisha said on Friday that everyone should work for the development of the country by following in the footsteps of Dr. B.R Ambedkar.

1 min

Govt support for wife of deceased

108 ambulance pilot Ramesh Babu passed away in a road accident on Friday morning Guvvala Cheruvu Ghat in Kadapa district.

1 min

Entrepreneurship, design workshop held for students

The program, spanning six weeks, was held from October 23 to November 29 and saw the participation of 86 students and 36 teachers

1 min

Chhattisgarh procures 32.29 lakh MT paddy

Chhattisgarh has successfully procured 32.29 lakh MT of paddy as on Friday. A total of 6.80 lakh farmers have participated in the process, receiving payments amounting to ₹6807.82 crore.

1 min

BJP criticizes Cong for flouting constitution

Chhattisgarh BJP State General Secretary Sanjay Srivastava has strongly criticized the Congress Party for its repeated actions that, according to him, have undermined the Constitution and democracy in India.

1 min

Governor encourages compassionate medicine

Chhattisgarh Governor Ramen Deka graced the White Coat Ceremony at Pandit Jawaharlal Nehru Smriti Medical College, Raipur, on Friday.

1 min

Action after businessmen threaten GST Inspectors

Chhattisgarh Chief Minister Vishnu Deo Sai has expressed strong displeasure over the reported bullying and threats faced by state tax inspectors during official duties. He directed authorities to take strict action against the perpetrators.

1 min

Annapurna Finance raises $109.5 mn through ECB

Annapurna Finance Private Limited (AFPL), a leading Micro & SME Finance institution in India, has raised $109.5 million through a multilateral syndicated social loan facility under the External Commercial Borrowing (ECB) framework.

1 min

CM inaugurates state's first women-led hotel in Pachmarhi

Chief minister Mohan Yadav inaugurated the state's first hotel operated entirely by women in Pachmarhi on Friday.

1 min

Doctor loses iPhone, conmen send messages with links to get ID, password

A doctor, who had lost his iPhone a month ago, received messages from conmen informing him about his phone's status.

2 mins

Direct polls to be held for local bodies, Act to be amended again

The state government is getting ready to amend the Nagar Palika and Panchayat Act again.

1 min

Principal shot dead by Class 12 student

LAWLESS MP | Accused held while trying to cross into UP

1 min

Why can't police control crowds?

It is a matter of grave concern that numerous lives have been lost in stampedes every year across India

1 min

Don't damage democratic norms

The MVA leaders would have done well to attend the swearing-in but register a silent creative protest

2 mins

Maha Kumbh Mela will boost the economy Of Uttar Pradesh

Any extravaganza which attracts large audiences and creates new structures provides a boost to the local economy

4 mins

Fight or flight: Teens in Ukraine face dilemma

In the face of an all-out war with Russia, teenage boys from Ukraine are facing a tough choice, whether to stay and fight or flee the country.

1 min

SYNAGOGUE SET ABLAZE IN AUSTRALIA

A synagogue in Melbourne was set alight in the early hours of the morning on Friday, leaving one worshipper injured.

1 min

'SUSPEND YOON'S POWERS'

WAVERING SUPPORT | Head of ruling party claims he has 'credible evidence' that President ordered arrest of his own partymen; risk of impeachment rises

1 min

NASA moon missions delayed

In a setback to NASA's moon mission, the American space agency has announced a delay in its Artemis program.

1 min

FAST AND FURIOUS

PINK BALL TEST | Mitchell Starc takes six wickets to bundle out India for 180

2 mins

It was a good day all up, says Starc

Australian pacer Mitchell Starc acknowledged on Friday that things couldn't have gone better for the hosts on the opening day of the Pink-ball Test, saying it was a great way to start the day and an even better way to conclude it.

1 min

'Ashwin is more likely to get wickets'

Ryan ten Doeschate gives the reason why Ash was preferred over Sundar

2 mins

JP Duminy resigns as SA batting coach

JP Duminy has stepped down as South Africa's batting coach for limited-overs cricket, citing personal reasons, Cricket South Africa announced on Friday.

1 min

Nagal outwits Poonacha

TENNIS PREMIER LEAGUE | Gujarat Panthers beat Bengal Wizards 51-49 after outstanding performance in singles matches; Bengal won both doubles ties

1 min

Bopanna in awe with TPL format

Rohan wants private sponsors and federation to support talent

1 min

Pradeep Singh to helm full marathon in 12th VVMCM

Prajakta Godbole fancied to win half marathon event

2 mins

JAPANESE SERENITY, SCANDI LUXURY

Nestled in a lush villa colony of Pune, the Scandi-style house stands as a testament to the harmonious fusion with Japanese design philosophies.

2 mins

MOST DESIRABLE

The new Maruti Suzuki Dzire looks like everything it should, but is it the perfect package?

3 mins

Immigration cuts announced

UK government plans sharp reductions despite declining net migration

1 min

Beware of European university scams

Research thoroughly before committing to European study abroad options

2 mins

Tower Cranes for India

V.G. Sakthikumar, CMD, Schwing Stetter India, discusses market trends, technology, and safety in urban construction

3 mins

HANNOVER MESSE 2025

An unmissable show for exhibitors and visitors from India and world over

1 min

VDMA hosts 2nd West India Members Meet in Mumbai

The 2nd edition of the VDMA West India Members Meet, organized by VDMA India, was recently held in Mumbai, bringing together key stakeholders from the Indo-German business community.

1 min

Ego, elevation, and an endless escapade

Race yourselves for a cinematic juggernaut where gravity isn't just defied but utterly dismissed, and the ego is not merely bruised but gloriously worshipped.

2 mins

One Man's Quest To Restore A Konkan Forest

Located 20 km from the coast in Shiravli village of Chiplun taluka in the Konkan region's Ratnagiri district, 'Nandu's Sanctuary' is the name by which wildlife lovers, nature enthusiasts, trekkers and travellers know a 43-acre expanse of dense forest.

2 mins

Giving City Folks A Glimpse Of The Magic Of Forests

Pune resident Rohit Damle was all of 20 when he left the fast-paced city life to spend time in the wilderness. Attracted to the mesmerizing wildlife that this country offers, he aspired to become a private wildlife guide and naturalist.

1 min

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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.