New Delhi, Jan 14 (IANS) E-commerce major Amazon's global CEO Jeff Bezos, who is visiting India, paid homage to Father of the Nation Mahatma Gandhi at Raj Ghat on Tuesday.
Bezos, who is ranked amongst top most global billionaires, shared a video of his visit to Raj Ghat on Twitter.
In the video, Bezos, wearing a traditional Indian attire of white kurta-pajama and orange Indian high-necked waistcoat, is seen laying a wreath on the memorial site.
"Just landed in India and spent a beautiful afternoon paying my respects to someone who truly changed the world. "Live as if you were to die tomorrow. Learn as if you were to live forever." - Mahatma Gandhi," his tweet said.
Bezos is on a three-day India visit starting from Tuesday. He is likely to attend an event here organsied by Amazon for MSMEs. He is also likely to meet Prime Minister Narendra Modi.
In addition, he is also likely to meet top Indian businessmen and Bollywood celebrities in Mumbai.
Bezos' India visit comes at a time when the e-commerce player is facing an anti-trust investigation on multiple counts, including deep discounts and exclusive tie-up with preferred sellers, in India.
It had faced similar investigations in the EU and the US.
On Monday, in a major setback ahead of Bezos' visit, fair market watchdog, the Competition Commission of India (CCI) ordered an enquiry into the operations of both Amazon and Flipkart on multiple counts, including deep discounts and exclusive tie-up with preferred sellers.
Finding merit in the allegations leveled by traders' body Delhi Vyapar Mahasangh, the Commission on Monday asked its Director General (DG) to complete the investigation in 60 days from the receipt of the order.
Meanwhile, traders across 300 cities of the country have planned to hold protests under the aegis of the Confederation of All India Traders (CAIT) during Bezos' visit.
Mumbai, Aug 6 (IANS) Headline inflation is expected to remain at elevated level in Q2FY21, but is likely to ease during the second half of the current fiscal aided by a favourable base effect, RBI Governor Shaktikanta Das said on Thursday.
The Governor said the Monetary Policy Committee (MPC) was of the view that supply chain disruptions on account of the COVID-19 pandemic persists, with implications for both food and non-food prices.
"A more favourable food inflation outlook may emerge as the bumper rabi harvest eases prices of cereals, especially if open market sales and public distribution offtake are expanded on the back of significantly higher procurement. Nonetheless, upside risks to food prices remain," Das said while delivering the decision of the MPC on monetary policy.
"The abatement of price pressure in key vegetables is delayed and remains contingent upon normalisation of supplies. Protein-based food items could also emerge as a pressure point."
Consequent to the high retail inflation, the MPC decided to retain the RBI's key short-term lending rates, but maintained its growth oriented accomodative stance.
Accordingly, the repo rate, or short-term lending rate for commercial banks, was retained at 4 per cent.
Like wise, the reverse repo rate stands unchanged at 3.35 per cent.
The MPC voted to maintain accommodative stance, thus opening up possibilities for more future rate cuts.
It was expected that the MPC might hold rates as recent data showed that retail inflation has been at an elevated level during June.
The retail or consumer price index (CPI) stood at 6.09 per cent in June.
The urban CPI stood at 5.91 per cent and rural at 6.20 per cent.
As per the data, retail inflation level has reached the upper limit of the medium-term CPI inflation target of 4 per cent.
The target is set within a band of +/- 2 per cent.
Besides, Das in his address pointed out that higher domestic taxes on petroleum products have resulted in elevated domestic pump prices and will impart broad-based cost push pressures going forward.
"Taking into consideration all these factors, the MPC expects headline inflation to remain elevated in Q2:2020-21, but likely to ease in H2:2020-21, aided by favourable base effects," Das said.
"Given the uncertainty surrounding the inflation outlook and extremely weak state of the economy in the midst of an unprecedented shock from the ongoing pandemic, the MPC decided to keep the policy rate on hold, while remaining watchful for a durable reduction in inflation to use available space to support the revival of the economy."