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Mumbai: The Reserve Bank is unlikely to cut the benchmark <keyword id="20071327" type="General" weightage="20" keywordseo="interest-rate" source="keywords">interest rate</keyword> in its forthcoming bi-monthly monetary policy review later in the week as <keyword id="19999652" type="General" weightage="20" keywordseo="retail-inflation" source="keywords">retail inflation</keyword> is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts. Earlier this month, the government reconstituted the Reserve Bank's rate-setting panel -- <keyword id="19913109" type="General" weightage="20" keywordseo="Monetary-Policy-Committee" source="keywords">Monetary Policy Committee</keyword> (MPC). The reconstituted panel, with three newly appointed external members, will commence its maiden meeting on Monday. MPC Chairman RBI Governor Shaktikanta Das will reveal the outcome of the three-day discussion on Wednesday (October 9). The <keyword id="19899810" type="General" weightage="100" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword> (RBI) has kept the repo or short-term lending rate unchanged at 6.5 per cent since February 2023, and experts think some easing could only be possible in December. The government has tasked the central bank to ensure that Consumer Price Index (CPI) based retail inflation remains at 4 per cent with a margin of 2 per cent on either side. In the current context, experts feel that the RBI may not follow the US Federal Reserve, which lowered the benchmark rates by 50 basis points, and the central banks of some developed nations, which have reduced the interest rates. "We do not expect any change in the <keyword id="20094323" type="General" weightage="20" keywordseo="repo-rate" source="keywords">repo rate</keyword> or stance by MPC. The reason is that inflation for September and October will be above 5 per cent, and the present low inflation is due to the base effect. Besides, core inflation is inching upwards," said Madan Sabnavis, Chief Economist, Bank of Baroda. Further, the recent Iran-Israel imbroglio can intensify, and there is uncertainty here, he said. "Hence, the status quo is the most likely option even for new members. Inflation forecast may be lowered by 10-20 bps and no change in GDP forecast likely," said Sabnavis. The central bank last hiked the repo rate to 6.5 per cent in February 2023 and since then, it has held the rate at the same level. Icra Chief Economist Aditi Nayar said that given the undershooting in the initial first quarter GDP growth relative to the MPC's forecast and the likely sizeable undershooting in the second quarter CPI inflation print as well, "we believe a stance change to neutral may be appropriate in the October 2024 policy review". This could be followed by a shallow rate-cutting cycle of 25 bps each in December 2024 and February 2025, she added. "The abundant monsoon offers some insurance for crop inflation. The impact of global political developments and geopolitical uncertainty on the growth inflation dynamics remains a risk," Nayar added. An HSBC report said three developments stand out -- softer growth numbers have trickled in recently, inflation has been falling, and the external environment has moved from rate hikes to cuts. "We believe the RBI doesn't gain from waiting any longer. We think it will change its stance from a hawkish 'withdrawal of accommodation' to 'neutral' in the upcoming 9 October policy meeting, followed by repo rate cuts of 25 bps each in the December and February meetings, taking the repo rate to 6 per cent," the report said. The RBI kept the repo rate unchanged at 6.5 per cent in its August bi-monthly review amid risks from higher food inflation. This was the ninth consecutive MPC meeting, which decided to maintain the status quo on the rate front. Pradeep Aggarwal, founder and chairman, Signature Global (India) Limited, said while the real estate industry, developer community, and homebuyers are hoping for an interest rate cut in the upcoming monetary policy review, the RBI is likely to hold on to the interest rate cuts for the tenth consecutive time. "The apex bank still seems uncomfortable with the overall retail inflation scenario, particularly food inflation. As such, it is expected to maintain the status quo. The recent interest rate cut by the US Federal Reserve has ignited similar hopes even in India, but the domestic scenario is very different," he added. SBM Bank India Head Treasury Mandar Pitale believed that the MPC has persistently advocated a restrictive policy until inflation aligns durably towards the 4 per cent target. "With the unfavourable base effect taking the next couple of CPI prints near 5 per cent plus or minus, it will pose a major challenge for MPC to start easing from the October meeting," Pitale said, adding that the MPC is also expected to deliberate upon the global factors like growth-inflation behaviour in developed economies. The government has appointed Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as external members of the MPC. They have replaced Ashima Goyal, Shashanka Bhide, and Jayanth R Varma. Apart from the Governor, the other internal members are the RBI Deputy Governor in charge of monetary policy Michael Debabrata Patra and the Executive Director monetary policy department of RBI Rajiv Ranjan. In an off-cycle meeting in May 2022, the MPC raised the policy rate by 40 basis points and it was followed by rate hikes of varying sizes, in the subsequent meetings till February 2023. The repo rate was raised by 250 basis points cumulatively between May 2022 and February 2023.

Status-quo on interest rate likely, say experts ahead of RBI's policy review

<ul class="summary-list"><li>A new Japanese government report may be readying its public for the possibility of war.</li><li>It expands on the threats it faces from Russia, China and North Korea.</li></ul>Japan's newest strategic review names China, North Korea and Russia as threats to Japanese security.That's hardly a revelation. But it is a change from previous years when the Japanese government was more circumspect about publicly identifying potential enemies. In fact, the theme of the 2024 <a target="_blank" href="https://www.mod.go.jp/en/publ/w_paper/index.html">"Defense of Japan"</a> report may be to prepare the Japanese public for more defense spending and the possibility of war."The biggest change is in the description of the regional security environment," Nicholas Szechenyi, a Japan expert at the Center for Strategic and International Studies, told Business Insider. "Instead of vague references to 'changes to the status quo by force,' the white paper now refers more explicitly to Chinese coercion and the North Korea threat. Clearer explanations of the threats to Japan's national security will prove critical as the government seeks public support for an ambitious defense spending plan."The review is part of a reconsideration of Japan's needs in the face of growing threats from its well-armed neighbors, especially China. Japan reserves its military only for self-defense and has avoided entering any armed conflict since its defeat in World War II.The 2024 paper —of which only a summary has been released — includes more details about the Chinese threat to Japan, including joint Chinese-Russian exercises. China has "conducted joint bomber flights and naval navigations with Russia in the vicinity of Japan," the paper said. "These repeated joint activities are clearly intended for demonstration of force against Japan and are a grave concern from the perspective of the national security of Japan."The Ministry of Defense also challenged the legality of Chinese operations in the South China Sea, which China claims as its own territorial waters despite an international court judgment to the contrary. "China has intensified its activities in the South China Sea based on assertions, which are conflicting with existing orders of the seas, and promoting the establishment of military bases," the official paper said. "Such actions to further promote unilateral change of the status quo by force and turning it into a fait accompli are serious concerns to Japan."The paper also highlighted North Korea's nuclear and ballistic missile capabilities, including ICBMs, nuclear-armed cruise missiles, and hypersonic weapons. "North Korea is focusing on qualitatively improving its nuclear and missile capabilities, such as diversifying its equipment systems and acquiring intelligence, surveillance and reconnaissance (ISR) means that complement its nuclear and missile operational capabilities," the paper said.The 2024 paper reiterated the Japanese government's commitment to the 2022 Defense Buildup Plan, a five-year effort that includes development of stand-off anti-ship missiles to repel a Chinese amphibious assault on the disputed islands and mainland Japan. The 43 trillion yen (US$287 billion) plan also calls for development of hypersonic missiles, as well as drones such as robotic amphibious landing vehicles.Besides external threats and new equipment, the paper highlighted a critical need for the Japan Self-Defense Forces: more people. While militaries in many developed nations are struggling to recruit personnel, this is particularly acute in Japan, where <a target="_blank" href="https://www.cnn.com/2023/09/18/asia/japan-elderly-population-workforce-intl-hnk/index.html">sharply declining birth rates</a> and barriers to immigration have resulted in a population where almost 30%is over age 65. Nor is military service seen as attractive in an economy with an unemployment rate of just 2.5%.While the paper promised the JSDF would improve pay and working conditions, experts are not convinced this will solve the problem."There are other things that the MOD needs to do, such as expanding the reserve force component which can be done by adjusting the recruitment regime and also better integrating them with the active component," Ryo Hinata-Yamaguchi, an adjunct senior fellow at the Honolulu-based Pacific Forum think tank, told Business Insider. "The problem is that such changes will require adjustments in laws and also various arrangements with the civilian sector."Michael Peck is a defense writer whose work has appeared in Forbes, Defense News, Foreign Policy magazine, and other publications. He holds an MA in political science from Rutgers Univ. Follow him on <a target="_blank" href="https://www.twitter.com/@mipeck1">Twitter</a> and <a target="_blank" href="https://www.linkedin.com/in/mipeck/">LinkedIn</a>.

Japan's latest strategy review names the growing threats it faces 

<keyword id="20016418" type="General" weightage="100" keywordseo="mobile-phones" source="keywords">Mobile phones</keyword> are often held against the head during use. And they emit <keyword id="21686850" type="General" weightage="20" keywordseo="radio-waves" source="keywords">radio waves</keyword>, a type of non-ionising radiation. These two factors are largely why the idea mobile phones might cause <keyword id="20881867" type="General" weightage="20" keywordseo="brain-cancer" source="keywords">brain cancer</keyword> emerged in the first place. The possibility that mobile phones might cause <keyword id="19896991" type="General" weightage="20" keywordseo="cancer" source="keywords">cancer</keyword> has been a long-standing concern. Mobile phones - and wireless tech more broadly - are a major part of our daily lives. So it's been vital for science to address the safety of radio wave exposure from these devices. Over the years, the scientific consensus has remained strong - there's no association between mobile phone radio waves and brain cancer, or health more generally. A recent review commissioned by the <keyword id="19902256" type="General" weightage="20" keywordseo="World-Health-Organisation" source="keywords" meta.keywordsubtype="org" meta.entityname="World Health Organisation" meta.hostid="261" meta.entityid="World Health Organisation">World Health Organisation</keyword> and published in the journal Environment International confirms the same. The study, which was conducted by Sarah Loughran, who is Director, Radiation Research and Advice, Australian Radiation Protection and Nuclear Safety Agency (ARPANSA), and Ken Karipidis, Assistant Director, Health Impact Assessment, ARPANSA, delved into the potential <keyword id="21194036" type="General" weightage="20" keywordseo="health-effects" source="keywords">health effects</keyword> from radio wave exposure, and has shown mobile phones are not linked to brain cancer. <h2>Radiation as a possible carcinogen</h2> Despite the consensus, occasional research studies have been published that suggested the possibility of harm. In 2011, the International Agency for Research on Cancer (IARC) classified radio wave exposure as a possible carcinogen to humans. The meaning of this classification was largely misunderstood and led to some increase in concern. IARC is part of the World Health Organisation. Its classification of radio waves as a possible carcinogen was largely based on limited evidence from human observational studies. Also known as epidemiological studies, they observe the rate of disease and how it may be caused in human populations. Observational studies are the best tool researchers have to investigate long-term health effects in humans, but the results can often be biased. The IARC classification relied on previous observational studies where people with brain cancer reported they used a mobile phone more than they actually did. One example of this is known as the INTERPHONE study. This new systematic review of human observational studies is based on a much larger data set compared to what the IARC examined in 2011. It includes more recent and more comprehensive studies. This means we can now be more confident that exposure to radio waves from mobile phones or <keyword id="22150173" type="General" weightage="20" keywordseo="wireless-technologies" source="keywords">wireless technologies</keyword> is not associated with an increased risk of brain cancer, the paper noted. <h2>No association</h2> The new review forms part of a series of systematic reviews commissioned by the World Health Organisation to look more closely at possible health effects associated with exposure to radio waves. This systematic review provides the strongest evidence to date that radio waves from wireless technologies are not a hazard to human health. It is the most comprehensive review on this topic - it considered more than 5,000 studies, of which 63, published between 1994 and 2022, were included in the final analysis. The main reason studies were excluded was that they were not actually relevant; this is very normal with search results from systematic reviews. No association between mobile phone use and brain cancer, or any other head or neck cancer, was found. There was also no association with cancer if a person used a mobile phone for ten or more years (prolonged use). How often they used it - either based on the number of calls or the time spent on the phone - also didn't make a difference. Importantly, these findings align with previous research. It shows that, although the use of wireless technologies has massively increased in the past few decades, there has been no rise in the incidence of brain cancers. <h2>A good thing</h2> Overall, the results are very reassuring. They mean that our national and international safety limits are protective. Mobile phones emit low-level radio waves below these safety limits, and there is no evidence exposure to these has an impact on human health, said the study. Despite this, it is important that research continues. Technology is developing at a rapid pace. With this development comes the use of radio waves in different ways using different frequencies. It is therefore essential that science continues to ensure radio wave exposure from these technologies remains safe. The challenge we now face is making sure this new research counteracts the persistent misconceptions and misinformation out there regarding mobile phones and brain cancer. There remains no evidence of any established health effects from exposures related to mobile phones, and that is a good thing.

Mobile phones are not linked to brain cancer, as per a major review of 28 years of research

The <keyword id="19899810" type="General" weightage="20" keywordseo="Reserve-Bank-of-India" source="keywords">Reserve Bank of India</keyword> has imposed <keyword id="21834852" type="General" weightage="20" keywordseo="monetary-penalties" source="keywords">monetary penalties</keyword> on three Non-Banking Financial Companies for <keyword id="20170050" type="General" weightage="20" keywordseo="non-compliance" source="keywords">non-compliance</keyword> with directions of <keyword id="19899808" type="General" weightage="20" keywordseo="RBI" source="keywords">RBI</keyword> on <keyword id="20200326" type="General" weightage="100" keywordseo="housing-finance-companies" source="keywords">housing finance companies</keyword>. As per the official statement from RBI on Friday, it has imposed a monetary <keyword id="19899183" type="General" weightage="20" keywordseo="penalty" source="keywords">penalty</keyword> of Rs 5 lakh on <keyword id="23068625" type="General" weightage="20" keywordseo="Godrej-Housing-Finance" source="keywords">Godrej Housing Finance</keyword> Limited, Rs 5 lakh on <keyword id="20389260" type="General" weightage="20" keywordseo="Aadhar-Housing-Finance" source="keywords">Aadhar Housing Finance</keyword> Limited, and Rs 3.5 lakh on Housing and Urban Development Corporation Limited. These penalties by the regulator have been imposed in the exercise of powers conferred on RBI under the provisions of Section 52A of the <keyword id="20200606" type="General" weightage="20" keywordseo="National-Housing-Bank" source="keywords">National Housing Bank</keyword> Act, 1987. As per RBI, the statutory inspection of these companies was conducted by the National Housing Bank (NHB) with reference to their financial positions as of March 31, 2022. The RBI stated that based on the supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the companies advising them to show cause as to why a penalty should not be imposed on them for their failure to comply with the RBI directions. After considering the companies' replies to the notice, oral submissions during the personal hearing, and additional submissions made by them, the RBI found that Godrej Housing Finance Limited failed to obtain two independent valuation reports before sanctioning certain loans of Rs 75 lakh and above. For Aadhar Housing Finance Limited, the RBI stated that the company charged interest on loans for a period prior to the date of the actual disbursement of the loan/issuance of the check to certain borrowers, in contravention of RBI directions on the 'Fair Practices Code.' The penalty on Housing and Urban Development Corporation Limited has been imposed because the company failed to undertake risk categorization of its customers during the financial year 2021-22, did not put in place a system for periodic review of risk categorization of accounts, and did not create a floating charge on the assets invested by it in terms of Section 29B of the NHB Act, in favor of its depositors, and register the same with the Registrar of Companies.

RBI imposes penalties on three housing finance companies for non-compliance with directions

The Delhi <keyword id="19900812" type="General" weightage="20" keywordseo="high-court" source="keywords">High Court</keyword> has refused to set aside the Central government's order blocking open-source messaging application '<keyword id="22332861" type="General" weightage="100" keywordseo="Briar" source="keywords">Briar</keyword>' in <keyword id="19900657" type="General" weightage="20" keywordseo="Jammu-and-Kashmir" source="keywords">Jammu and Kashmir</keyword> as it is suspected to be used by <keyword id="19900658" type="General" weightage="20" keywordseo="terrorists" source="keywords">terrorists</keyword> and could be a potential <keyword id="19968363" type="General" weightage="20" keywordseo="threat" source="keywords">threat</keyword> to <keyword id="19896999" type="General" weightage="20" keywordseo="national-security" source="keywords">national security</keyword>. The high court observed that in the matters of national security, principles of natural justice can be given a go-by. "The interim order has been reviewed by the committee constituted under Section 7 of the Blocking Rules and as stated earlier, the committee consists of top officials of the Government of India. The blocking orders have been passed for 14 applications/ softwares, including the software/ application of the petitioner herein as it was being used by the terrorists and their supporters to disturb the security and sovereignty of the country. "The application of the petitioner has been blocked only in Jammu and <keyword id="19896255" type="General" weightage="20" keywordseo="kashmir" source="keywords">Kashmir</keyword> and the same can be used in all other parts of the country. In view of the above, this court is not inclined to entertain the present writ petition. Accordingly, the writ petition is dismissed," Justice Subramonium Prasad said. Sublime Software Ltd, the petitioner, sought direction to the Centre to produce and publish the order passed by it under Section 69A of the Information <keyword id="19901571" type="General" weightage="20" keywordseo="technology" source="keywords">Technology</keyword> Act, blocking its open-source messaging application 'Briar' and also prayed for setting aside that order. It was stated that Briar operates on a technology in which a person can directly send a message to another person even when there is no internet connectivity. It added that the technology is crucial in times of emergency, natural calamities and catastrophic disasters in providing emergency healthcare and disaster management as it enables smooth communication between persons and authorities during times of distress. On the other hand, the Centre's counsel submitted that the software, which can work even when there is no internet connection, is suspected to be used by terrorists in Jammu and Kashmir. The application can be misused and can definitely be a potential threat to the national security, sovereignty and integrity of India, the Centre's counsel said. The high court in its order noted that rule 16 of the Blocking Rules provides that strict confidentiality shall be maintained regarding all the requests and complaints received and actions taken thereof. "This court can take judicial notice of the fact that decisions taken at the highest level and for the benefit of the security and sovereignty of the country can be kept confidential," it said.

HC dismisses plea to set aside order blocking messaging app in J&K over threat to national security

The <keyword id="22200485" type="General" weightage="20" keywordseo="NEET-PG-2024" source="keywords">NEET-PG 2024</keyword> entrance examination will be held on <keyword id="22298192" type="General" weightage="20" keywordseo="August-11" source="keywords">August 11</keyword> in two shifts, the <keyword id="20270021" type="General" weightage="20" keywordseo="National-Board-of-Examinations-in-Medical-Sciences" source="keywords" meta.keywordsubtype="org" meta.entityname="National Board of Examinations in Medical Sciences" meta.hostid="261" meta.entityid="National Board of Examinations in Medical Sciences">National Board of Examinations in Medical Sciences</keyword> announced on Friday. The <keyword id="19957604" type="General" weightage="20" keywordseo="exam" source="keywords">exam</keyword> was earlier scheduled to be held on June 23. "In continuation of NBEMS notice dated 22.06.2024, the conduct of NEET-PG 2024 examination has been rescheduled. It will now be conducted on August 11 in two shifts. The cut-off date for the purpose of eligibility to appear in the NEET-PG 2024 shall continue to be August 15, 2024," the Board said. The <keyword id="19897332" type="General" weightage="20" keywordseo="Union-Health-Ministry" source="keywords" meta.keywordsubtype="org" meta.entityname="Union Health Ministry" meta.hostid="261" meta.entityid="Union Health Ministry">Union Health Ministry</keyword> on June 22 postponed the NEET-PG entrance examination, scheduled to be held on June 23, as a "precautionary measure" in the wake of allegations on the integrity of certain competitive exams. Several meetings since then have been held with officials from the Union Health Ministry, National Board of Examinations in Medical Sciences (NBEMS) along with its technical partner Tata Consultancy Services (TCS), National Medical Commission (NMC) and Cyber Cell officials to evaluate the "robustness" of the system for the conduct of the exam, sources said. The Ministry of Health had decided to undertake a thorough assessment of the robustness of processes of the NEET-PG entrance examination. The National Eligibility Entrance Test-Postgraduate (NEET-PG) entrance examination is conducted by NBEMS along with its technical partner TCS for medical students. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms" target="_blank">Upcoming smartphones launching in India in July 2024</a><a href="https://www.businessinsider.in/tech/news/hp-envy-x360-14-review/articleshow/111407165.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/hp-envy-x360-14-review/articleshow/111407165.cms" target="_blank">HP Envy x360 14 review – feature-packed laptop with a sleek design</a><a href="https://www.businessinsider.in/tech/mobile/webstories/motorola-razr-50-ultra-flip-phone-launched-in-india-for-99999/slidelist/111504950.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/motorola-razr-50-ultra-flip-phone-launched-in-india-for-99999/slidelist/111504950.cms" target="_blank">Motorola Razr 50 Ultra flip phone launched in India for ₹99,999</a>

You Searched For "National Review" and got 6 results

Status-quo on interest rate likely, say experts ahead of RBI's policy review

PTI

Japan's latest strategy review names the growing threats it faces

Michael Peck

Mobile phones are not linked to brain cancer, as per a major review of 28 years of research

PTI

RBI imposes penalties on three housing finance companies for non-compliance with directions

ANI

HC dismisses plea to set aside order blocking messaging app in J&K over threat to national security

PTI

New dates announced for NEET-PG 2024, exam to be held on August 11

PTI

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