President's rule has been imposed in Maharashtra. The state
legislative assembly has been kept under suspended animation. This follows
Governor Bhagat Singh Koshyari's report to the Centre which stated that the
formation of a stable government is impossible in the current situation
despite all his efforts.
The development came as the political impasse lingered on
for 19 days after the assembly election results were declared. Congress and
the NCP said that they have not yet taken any decision on Shiv Sena's
proposal of forming a government and will hold further discussions. The
Union Cabinet chaired by Prime Minister Narendra Modi considered the
Governor's report to the President.
The governor noted that he made attempts to explore the
possibility of formation of government by having appropriate communications
with all political parties which could have formed the government in
alliance with other political parties, but they have not succeeded.
In the assembly polls held last month, the BJP won 105
seats, followed by the Shiv Sena, 56, the NCP-54 and the Congress, 44 in the
Despite their alliance getting a majority, the BJP and the
Shiv Sen parted ways following disagreement over powersharing with the Sena
insisting on the chief minister's post.
Two of India’s leading banks see growth slowing to 5% in the
current financial year, following a sharper-than-expected contraction in
industrial production in September and little evidence of a meaningful
recovery. GDP grew 6.8% in FY19.
Growth in the July-September period may have dropped to 4.2%
from 5% in the first quarter, according to estimates compiled by ET,
increasing pressure on the government to take more steps to revive sentiment
and demand. Official GDP data for the second quarter will be released on
November 29 and the first full-year estimate will be available in January.
The central bank has already cut policy rates by135 basis
points in the current year. In its last policy review the RBI had cut its
growth forecast for the year to 6.1% from 6.8% estimated earlier. The
central bank had forecast a 5.3% rise in GDP in the July-September quarter.
However, the SBI report said “a larger rate cut” is unlikely
to lead to an immediate revival and could result in potential financial
Debt-financed consumption against increasing household
leverage has not worked overseas and India can’t be an exception it warned,
calling for fiscal measures from the government.
The government has unveiled a series of measures, including
a cut in the corporate tax rate to 15% and a Rs 25,000 crore special window
for stalled real estate projects to help revive the economy.
President of Bangladesh Md. Abdul Hamid is on a four day
visit to Nepal. On first day of his visit, Nepal's Minister for Foreign
Affairs Pradeep Kumar Gyawali paid a courtesy call on Bangladeshi President
in Kathmandu last evening.
During the meeting, matters pertaining to cooperation in the
areas of trade, investment, energy, connectivity, waterways, aviation,
education, transportation and agriculture were discussed. Both the leaders
also shared views on enhancing cooperation on matters of regional and global
interests, including climate change.
President of Bangladesh also visited famous Bhaktapur Durbar
Square and observed with interest the archaeological and historical sites.
President Hamid is scheduled to meet his Nepalese counterpart Bidya Devi
Bhandari. President of Nepal will also host a Banquet in his honour.
Vice President Nanda Bahadur Pun, Prime Minister K.P. Sharma
Oli and Chairperson of the National Assembly Ganesh Prasad Timilsina will
pay courtesy call on Bangladeshi President. During his stay in Nepal
President Hamid will also visit Pokhara.
France, Germany, Britain and the European Union have said
they are "extremely concerned" by Iran's decision to restart nuclear
activities at one of its key sites.
In a joint statement on Monday, they expressed concern that
Iran is restarting uranium enrichment activities at the Fordow facility. It
was confirmed by the International Atomic Energy Agency (IAEA) in its
They said that Iran's action was "inconsistent" with the
2015 Joint Comprehensive Plan of Action, or JCPoA, under which Tehran had
agreed to curb some of its nuclear activities- notably uranium enrichment-
in return for a lifting of economic sanctions.
But the Iran said it no longer feels bound by the JCPoA
after the US unilaterally pulled out of the accord last year.
The IAEA report also confirmed that Iran has ramped up
uranium enrichment, with its stockpile now reaching the equivalent of 551
kilogrammes, as opposed to the 300-kilogramme limit laid down in the JCPoA.
A tiny deer-like species not seen by scientists for nearly
30 years has been photographed in a forest in southern Vietnam, a
conservation group said Tuesday.
Images of the silver-backed chevrotain, commonly called the
Vietnamese mouse deer, were captured in the wild by trap cameras, Global
Wildlife Conservation said.
It said the rabbit-sized animal is not a deer or a mouse,
despite its nickname, but is the world's smallest hoofed mammal.
They are shy and solitary, have two tiny fangs, appear to
walk on the tips of their hooves, and have a silver sheen, the group said.
`For so long this species has seemingly only existed as part
of our imagination. Discovering that it is, indeed, still out there, is the
first step in ensuring we don't lose it again, and we're moving quickly now
to figure out how best to protect it,'' said An Nguyen, a conservation
scientist at the Leibniz Institute for Zoo and Wildlife Research, a partner
of GWC in the project.
The chevrotain was first described in 1910 by four people. A
fifth sighting was reported in 1990 in central Vietnam, making it one of the
rarest animals in the world, GWC said in a statement.