Maharastra: BJP leader Devendra Fadnavis was on Saturday morning sworn in as Maharashtra’s Chief Minister, forming a surprise alliance with his one-time rival—Nationalist Congress Party’s Ajit Pawar—who took oath as deputy chief minister. Read more
SC: Supreme Court will 11.30am on Sunday hear Shiv Sena and its allies’ plea against governor inviting Devendra Fadnavis to form the government.
NCP: NCP on Saturday evening removed Ajit Pawar as the party’s legislature unit leader after he joined hands with the BJP and took oath as the deputy chief minister of Maharashtra.
Job rates: India’s urban unemployment rate between January and March this year fell to 9.3 per cent, the lowest in at least four quarters, according to an unpublished government report reviewed by Reuters.
Govt reports: The ministry of statistics and programme implementation released reports titled ‘Household Social Consumption in India: Health’ and ‘Household Social Consumption in India: Education’, which were conducted along with the ‘Household Consumer Expenditure’ survey between July 2017 and June 2018. This was a part of the 75th round of survey conducted by the National Statistical Office (NSO), which was earlier known as the National Sample Survey Office (NSSO).
RBI: The Reserve Bank of India (RBI) is working on a corporate governance structure for banks in line with Basel norms, but the Indian version would likely be tougher in recognising bad loans, said RBI Deputy Governor N S Vishwanathan in his keynote address at the Business Standard Annual Banking Forum.
China-UAS: The United States is the world’s biggest source of instability and its politicians are going around the world baselessly smearing China, the Chinese government’s top diplomat said on Saturday in a stinging attack at a G20 meeting in Japan.