The Morning Wrap: Government Moves To Crimp RBI; Shivraj Chouhan Plans Ordinance To Rechristen Vyapam

24/07/2015 7:35 AM IST | Updated 15/07/2016 8:25 AM IST
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PUNIT PARANJPE via Getty Images
Indian Prime Minister Narendra Modi gestures as he speaks during the inauguration of a conference on Financial Inclusion in Mumbai on April 2, 2015. The conference was organised on the occasion of completion of 80 years of the Reserve Bank of India (RBI). AFP PHOTO/PUNIT PARANJPE (Photo credit should read PUNIT PARANJPE/AFP/Getty Images)

The Morning Wrap is HuffPost India's selection of interesting news and opinion from the day's newspapers. Subscribe here to receive it in your inbox each weekday morning.

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Main News


The Narendra Modi government is preparing to set a virtual dual mandate for the RBI: cap inflation and spur growth. It has also discarded the veto power of the RBI governor.

The Union civil aviation ministry has agreed to facilitate price caps on domestic airline tickets.

The Union home ministry today circulated a memo asking its officials not to meet journalists in their offices, issuing in writing a gag order that several other ministries have verbally imposed on their employees.

Prime Minister Narendra Modi will visit Saudi Arabia and the United Arab Emirates in December, and skip Israel as he is wary that the latter would peeve traditional allies in the Muslim world.

BJP veteran Shanta Kumar, who had his party squirming by questioning the handling of the Vyapam scam, has come under attack from a sitting BJP MLA and former Punjab minister, who has accused him of misappropriating election funds during the Lok Sabha polls last year.

The appointment of independent directors to PSUs has come to a virtual standstill after the NDA government came to power in May 2014. Since then, 106 independent directors have resigned or completed their terms in 32 companies but their posts remain vacant.

British publisher Pearson on Thursday said it had agreed to sell its flagship business daily, Financial Times, to Japanese media group Nikkei for $1.3 billion.

After its Maggi noodles, Nestle's Maggi Pazzta too has gone off shop shelves as the Indian arm of the Swiss foods giant has temporarily halted supplying its instant pasta brand to retailers, to change its pack labels and remove the 'no added MSG' declaration.

Off The Front Page


Though blasted by Sonia Gandhi, Shashi Tharoor's hit speech at the Oxford Union in the United Kingdom was praised by Narendra Modi.

The Shivraj Singh Chouhan-government in Madhya Pradesh plans an ordinance to change the name of 'Vyapam,the scam-tainted, education- and-recruitment 'death machine.'

Meet the real-life Tenenbaums of Lucknow, where graduating college before turning 15 is almost a norm.

Opinion


Prabhat Patnaik says that to save democratic life in Bengal, one needs a renaissance that is independent of, but still inspired by the Left.

Robert Hathaway says that the US-Iran nuclear deal could, in the future, be as transformative as the Indo-US deal of 2005.

Lubhyati Rangarajan argues that there are glaring procedural lapses in the way Maharashtra is pushing for the execution of Yakub Memon.

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