The surge in wheat export from India owing to the Ukraine crisis has once again demonstrated how farmers in states that have flexible marketing frameworks and low taxes benefit more from an emerging situation. The bulk of the wheat exported from India, trade and industry sources say, is being sourced at rates significantly higher than the state-mandated price of Rs 2,015 per quintal in Madhya Pradesh (MP), Uttar Pradesh (UP), and Gujarat - states which have low mandi taxes compared to Punjab and Haryana. This is not only benefiting farmers there but could also lead to significant savings for the states in procurement costs in the months to come.
The Reserve Bank of India (RBI) unions have decided to intensify their stir demanding revision of wages, pending since November 2017, and have called for mass casual leave of employees at the central bank on November 30. However, several sources in the RBI told Business Standard that the unions may not have to go on agitation, as the new contours of the wage pact have been almost finalised and could be announced any time. An email sent to the RBI was not answered. The United Forum of Reserve Bank Officers and Employees had deferred its agitation earlier after it was told that RBI Governor Shaktikanta Das was to hold talks with the human resource management department (HRMD).
Narendra Modi's real legacy will be if he can redesign the IAS and the concept of an all-India service, argues T C A Srinivasa Raghavan.
The defence ministry on Thursday sealed a contract to procure 118 main battle tanks Arjun for the Indian Army at a cost of Rs 7,523 crore, in a major move to boost its combat capabilities.
If you are buying a bond to cater to your regular income needs, check the interest distribution schedule.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'How are these companies and franchises spending so much money, and the government, on the IPL when there's people not being able to get accepted into hospital?'
'...Cliffy with utter disregard to his personal safety, charged through the fire zone, closed in on the enemy, threw hand grenades inside their bunkers and killed six enemy soldiers!' '...He was hit by a volley of bullets. Even before breathing his last, Cliffy killed a Pakistani soldier in hand-to-hand combat...' Captain Keishing Clifford Nongrum, who was just 24, received the Mahavir Chakra posthumously for his superhuman act of valour in the Kargil War just 18 months after he joined the Indian Army. Archana Masih/Rediff.com remembers one of India's Bravest Of The Brave as the nation salutes the 527 soldiers who made the supreme sacrifice for the Motherland on Vijay Diwas.
When turbans are allowed on school and college campuses, or sacred ash on the forehead, can one ban the hijab? asks T N Ninan.
The CBI on Tuesday filed its first charge sheet in the alleged leak of sensitive information on submarine retrofitting projects against six persons including two serving naval officers, officials said.
Personal loans have about 80 per cent share in exposures restructured under regulatory package 2.0 by eight banks who have declared results for the second quarter. The remaining 20 per cent are loans to individuals used for business and credit to MSMEs. The total recast exposure of these banks under One Time Restructuring (OTR 2.0) was Rs 27,708 crore.
The Reserve Bank of India's retail direct scheme is off to a good start but the central bank itself sees it as an additional avenue and not an alternative to the existing one. Still, a reasonable expectation is to have at least 100,000 investors within a month of it being operational, and that could be well under way, if the latest trend is to sustain. The registration in the retail direct platform has crossed 35,000.
'Tis the season to be jolly, says December. In 2020, however, coronavirus changed that story. Now that the year is finally coming to an end, people the world are determined to celebrate the festive season, but cautiously.
The Department of Space (DoS) plans to realise entirely-built rockets -- GSLV-Mk III and SSLV -- from Indian industry partners, in addition to PSLV, according to a top official of its commercial arm NSIL.
It was truly heartening to see how the Sikh community had risen to the occasion during the Black Lives Matter peaceful protests and the coronavirus pandemic and selflessly served those looking for nourishment.
'There will be positive growth, but if you ask me whether we are going to have the original growth rate of 8%, the answer will be, no.'
A trial judge, who has been critical of the "callous and farcical" probe of Delhi police in some riots cases of 2020 and had once observed that failure to conduct a proper investigation will torment "sentinels of democracy," was on Wednesday transferred to another court in the national capital.
Ramiz Raja part of ICC working group formed to review cricket in Afghanistan
Top commanders of the Indian Army on Monday carried out a comprehensive review of the country's security challenges, including in eastern Ladakh and other sensitive areas along the Line of Actual Control (LAC) with China, on the opening day of a four-day conference, people familiar with the developments said.
Amid concerns over misleading claims of huge returns on cryptocurrency investment, Prime Minister Narendra Modi on Saturday chaired a meeting on the way forward on the issue, with government sources asserting that such unregulated markets cannot be allowed to become avenues for "money laundering and terror financing".
Increasing awareness about mutual funds, ease of transactions through digitisation and sharp surge in equity markets have aided asset management companies to add a staggering 3.17 crore investor accounts in 2021-22, with experts saying the trend is likely to continue this fiscal as well. This was a significant rise from 2020-21 when 81 lakh accounts (or folios in mutual fund parlance) were opened, data with the Association of Mutual Funds in India (Amfi) showed. The ongoing financial year too appears to be promising in terms of folios as increase in investor accounts will enable people to move beyond fixed deposits and savings accounts, said Priti Rathi Gupta, founder of LXME, a financial platform for women.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Trains were set afire and blocked, and public vehicles attacked as protests over 'Agnipath' swept across several places in Bihar, Uttar Pradesh, Rajasthan, Haryana, Madhya Pradesh, Delhi and Jammu on Thursday amid partisan political voices in favour and against the new recruitment scheme for the defence forces that has set off a firestorm.
'I've come to a point where if people say something negative or if there's a comment that is not in good taste, I reply by saying, "Yeah but I'm getting cast for my body".'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Expectations do not intimidate me. In fact, they strengthen me.'
By framing the right question, Satya Nadella directed his team's attention to searching for the right answer, which opened up a treasure trove of new business opportunities, which would have remained undiscovered but for framing the right question.
Union Home Minister Amit Shah will be on a two-day political tour of poll-bound West Bengal from Thursday during which he will launch the fifth and final phase of the Bharatiya Janata Party's 'Poriborton Yatra' from the South 24 Parganas district and attend several other programmes.
People familiar with the development said Chief of Army Staff General M M Naravane and the top commanders will review the country's combat readiness in eastern Ladakh where Indian and Chinese troops have been locked in a bitter standoff for 17 months.
Taking to Twitter, Singh said, "My house has been attacked. Listen carefully BJP supporters, no matter how much hooliganism you indulge in, I will not allow the funds collected for constructing the Ram temple to be stolen even if I am killed."
Parvez, a resident of the downtown area in Khanyar, was 21 when he was rescued from Ankara, after his parents claimed he had been misguided by some people to join the terror ranks.
Agnipath may be an exercise to address the genuine needs of the armed forces. But overall, it betrays the tendency to use the military and paramilitary for employment generation and shaping a national character, instead of treating them as the professional services they are, notes Shyam G Menon.
If you think you have a good connection with someone, don't reject them for an imaginary list.
United States President Biden, Vice President Harris and their families received a presidential escort to the White House, hours after the new administration was officially sworn into office. Biden's ride to the White House came as part of a day of inauguration activities, including the swearing in ceremony at the Capitol and a wreath-laying event at the Tomb of the Unknown Soldier at Arlington National Cemetery.
There is no one in Telangana to match KCR's stature and he believes he has outgrown the state, observes Aditi Phadnis.
Cricket Australia (CA) has asked batsman Cameron Bancroft if he has new information on the 2018 Cape Town scandal in the wake of his suggestion that the team's bowlers were aware of the ball-tampering tactics.
As per the report released on Monday, the over 26.9 million content pieces actioned by Facebook during September included content related to spam (20.3 million), violent and graphic content (3.4 million), adult nudity and sexual activity (2.4 million), and hate speech (182,200).
'This film has changed me from within.'
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