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The Reserve Bank of India has after a 9-month interval, cut the key policy lending rate (repo) from 8 to 7.75 per cent, with immediate effect, nudging its monetary policy stance to arrest the loss of growth momentum in the economy, on the back of a moderation in inflation conditions in the second half of the current fiscal year. The reverse repo, marginal standing facility and bank rates would correspondingly stand reduced to 6.75, 8.75 and 8.75 per cent respectively.

Social scientist and psychologist Ashis Nandy is in trouble again. By suggesting that the backward castes, Dalits and Adivasis tend to be more corrupt than other communities, he has predictably stirred a hornet’s nest with the Dalit czarina, Mayawati, calling for his arrest under the SC/ST Act.

Times come when it is imperative for every government to introspect and take corrective steps to stem the rot in its functioning. Punjab’s Akali-BJP government which is set to complete first year of its second tenure on March 6 also needs to introspect as a number of controversies have hit its performance in both governance and political arenas sullying its image.

KOLKATA: Trinamool Congress circles are worried more about the Gorkha Janmukti Morcha’s plans to launch their “final struggle” to achieve a separate State in Darjeeling hills, than a possible revival of the Left opposition in West Bengal.

MANILA, PHILIPPINES – The Asian Development Bank (ADB) is resuming operations in Myanmar, with an assistance package for social and economic development that is designed to build a solid foundation for further reforms to alleviate poverty and foster growth.