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photo-article-logo Saturday, 16 November 2024

News of the day: PM replies to LS debate on President's address, RBI hikes interest rate to 6.5% and more

Here are the latest developments from India and abroad

Our Web Desk Published 08.02.23, 06:11 PM
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PTI
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Prime Minister Narendra Modi, in his reply to the debate on the Motion of Thanks to the President’s address in Lok Sabha on Wednesday, targeted the Opposition Congress saying the period of “2004-2014 was a decade of scams and violence” and that the “UPA’s trademark was to let every opportunity turn into crisis from 2004-2014.” 

Modi also said, "2004-14 was a lost decade, the current one will be known as India’s decade.” 

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RBI

The Reserve Bank of India slowed the pace of interest-rate increases for the second straight time when it on Wednesday expectedly hiked borrowing costs by 25 basis points while keeping the door open for more hikes as core inflation remained high.

The RBI's six-member Monetary Policy Committee voted 4-2 to raise the benchmark repurchase or repo rate to 6.50 per cent and retain its stance of withdrawing accommodation, which was adopted early last year.

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PTI

West Bengal Governor C V Ananda Bose on Wednesday addressed the state assembly for the first time, amid protests by BJP MLAs against “corruption” by the ruling TMC.

The BJP legislators shouted slogans against the Mamata Banerjee government and staged a walkout during the governor’s address.

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PTI

Families in southern Turkey and Syria spent a second night in the freezing cold on Wednesday as overwhelmed rescuers raced to pull people from the rubble two days after a massive earthquake that killed more than 11,000 people. 

A fresh team of 51 National Disaster Response Force (NDRF) personnel is being rushed to earthquake-hit Turkiye even as two teams present there have launched rescue operations at multiple collapsed structures, Director General of the force Atul Karwal said Wednesday.

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PTI

Leader of Opposition Mallikarjun Kharge on Wednesday invoked Atal Bihari Vajpayee's 'raj dharma' remark post the 2002 Gujarat riots, sparking a heated exchange with ruling party members in Rajya Sabha who accused him of quoting the former prime minister "partly to suit their convenience".

Union ministers Piyush Goyal and Nirmala Sitharaman opposed Kharge's remarks made during his speech in the Upper House on Wednesday.

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PTI

PDP chief Mehbooba Mufti on Wednesday took to streets in the national capital to protest against the ongoing anti-encroachment drive being carried out by the administration in Jammu and Kashmir.

Carrying placards reading 'Stop Bullying, Stop Bulldozing', Mufti, along with scores of supporters, gathered at the busy Boat Club area with an aim to march towards Parliament in a bid to inform the opposition parties about the ongoing 'Bulldozer policy' being followed in the Union Territory.

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PTI

Pakistan's security forces gunned down 12 Tehreek-e-Taliban Pakistan (TTP) militants on Wednesday in the country's restive northwest, police said, as the government stepped up its offensive against outlawed groups following a spike in terror attacks.

The terrorists' vehicle was targeted during the operation conducted in the Lakki Marwat district of Khyber Pakhtunkhwa province, bordering South Waziristan, officials from the Counter Terrorism Department said.

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Twitter/ @POTUS

Republicans rejected Democratic U.S. President Joe Biden's call for bipartisanship in his State of the Union address on Tuesday, and instead accused him of stoking culture wars in a nation they described as deeply divided.

A day after Republican U.S. House Speaker Kevin McCarthy called on Biden to work together toward compromise on the debt and spending, Arkansas Governor Sarah Huckabee Sanders stood ready to deliver a partisan broadside during the party's official rebuttal to Biden's speech.

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PTI

Uttar Pradesh Chief Minister Yogi Adityanath on Wednesday asserted that the speed of development made by the “double-engine government” in Tripura has reached that of the bullet train.

Addressing an election rally at Suryamaninagar here, he said that the speed of the double-engine government was felt during the COVID-19 pandemic when people were getting free vaccines, free treatment and free food.

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PTI

Thousands of tourists visit the ski resort, Gulmarg for abundant snowfall but this winter there was a surprise awaiting them -- a glass igloo.

"It's a completely different experience. I am feeling very good, and it's a really fantastic experience to sit and have food inside an igloo," Kabir, a tourist from Delhi told PTI.

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