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Jio, the telecom arm of India's most valued company Reliance Industries (RIL), recently said it was spinning off tower and fibre into two separate entities, as part of an anticipated de-leveraging exercise. RIL is keen on retiring and refinancing a chunk of its Rs 3 lakh crore, or $40 billion, debt mostly soaked up to finance Jio's disruptive roll-out.

The decision to reduce rates was a split one. Of the six-member Monetary Policy Committee (MPC), four, including Das and RBI ED Michael Patra, voted in favour while deputy governor Viral Acharya and external member Chetan Ghate voted against cutting rates. However, a change in policy stance from "calibrated tightening" to "neutral" was approved unanimously by the members.

The ministry has identified DGP Virendra, ADG (security) Vineet Kumar Goyal, ADG (law and order) Anuj Sharma, commissioner of police (Bidhannagar) Gyanwant Singh and Kolkata Police additional commissioner Supratim Sarkar for action.Similar action is also expected against Kolkata Police chief Rajeev Kumar, against whom disciplinary action has already been sought.

The government has no intention of throwing a spanner in the All India Tennis Association’s (AITA) plans to make its Davis Cup team members travel to Pakistan in their bid to re-enter the World Group qualifiers. India slipped back to the Group 1 of the Asia-Oceania Zone following their disappointing loss to a formidable Italy in the World Group qualifiers last weekend in Kolkata.

The enhancement, which depend on the land holdings of the farmer, will enable 75% of the eligible farmers raise money without any security. Collateral-free loans help small and marginal farmers who do not have any assets that can be offered as security. Besides increasing the loan limit, RBI has also decided to set up an internal working group (IWG) to review agricultural credit in the country.

Playing hardball, disgruntled Congress MLAs skipped the assembly session for second day on Thursday, even as BJP blocked proceedings of the House, claiming the ruling coalition has lost majority. Congress has convened a legislature party meeting on Friday and warned its MLAs that absence would invite action under the Anti-Defection Law.

Prime Minister Narendra Modi returned Congress president Rahul Gandhi's fire over the Rafale jet deal, saying the opposition party does not want the Air Force to be strong and questioned whether it was bidding for a company. He also accused the Congress of rendering the Army handicapped due to which it was not in a position to launch surgical strikes.

Robert Vadra was grilled for five-and-a half hours for the first time in the case on Wednesday. The ED case against Vadra relates to allegations of money laundering in the purchase of a London-based property ​ Vadra has denied the allegations and termed the investigation a political witch hunt​ against him.

Prime Minister Narendra Modi is addressing motion of thanks to President's address. Stay with us for the latest developments.

The Centre is likely to take punitive action against five senior police officers of West Bengal, including DGP Virendra Kumar, for taking part in the dharna of chief minister Mamata Banerjee, officials said. This may include stripping off meritorious awards and removing the officers from the list of seniority.

India's modified foreign direct investment rules that kicked in on February 1, prevent companies such as Amazon from selling products from vendors where they, or their group companies, have equity holdings.

The Supreme Court on Thursday asked former interim CBI director M Nageswara Rao to appear before the court on February 12 to explain the transfer of A K Sharma, who was probing the Muzaffarpur shelter home rape case, in violation of the court's order.

BJP leaders have shifted into top-gear mode to break the ruling Trinamool’s near-monopoly in Bengal soon after chief minister Mamata Banerjee announced taking the anti-Modi opposition dharna from Kolkata to Delhi on February 13 and 14. The Banerjee-led opposition is also Prime Minister Modi’s prime target.

UPA chairperson Sonia Gandhi led the Congress in Lok Sabha in appreciating road transport minister Nitin Gadkari for the "wonderful" work he has been doing in improving the country's infrastructure. Incidentally, Rahul Gandhi was seen exchanging notes with Gadkari while being seated along with him during the Republic Day parade at Rajpath.