The best possible move would be for the government to spend the funds on activities like infrastructure development or as it deems fit, says Soumya Kanti Ghosh.
Trade analyst Vinod Mirani gives us the box office verdict for the week
Following an agreement with the International Cricket Council (ICC) in this regard, INOX Leisure had last week said, it will showcase all group matches to be played by Team India, followed by the semi-finals and the final match.
In a move that promises to make credit easily available to the sector, the Union tourism ministry has permitted the hotel industry to go in for external commercial borrowings up to $100 million during the current financial year. Meanwhile, the Reserve Bank of India too has removed hotels from the 'commercial real estate' classification.
The Union Cabinet On Thursday approved a hefty 6 percentage point increase in the cost of living allowance, earlier called Dearness Allowance, from 16 to 22 per cent of basic pay. The new rates will be effective for 14 months from January 1 this year to February 2010, and the Centre will take a hit of Rs 6,020 crore
Domestic budget carriers SpiceJet, Indigo and GoAir have rolled out another sale offer with fares starting from Rs 1,699 for a limited period on domestic routes.
The combined pay for India Inc's top management was up 30 per cent in FY16, growing at the fastest pace in nine years
Country's biggest mortgage lender HDFC on Tuesday announced a festive offer in line with peers like SBI with home loans starting from 6.70 per cent. Last week, SBI as part of festival bonanza offered a concessional home loan rate of 6.70 per cent under its festive offer. This was followed by other lenders like Punjab National Bank and Bank of Baroda.
Prime Minister Manmohan Singh on Saturday announced merging of the Overseas Citizen of India (OCI) and the Persons of Indian Origin (PIO) cards into a single facility to simplify visa-free entry and participation of Indian Diaspora in business and other activities in New Delhi.
The Board also resolved that only players could wear the India caps and not the working staff.
MTNL has cut the one-time payment of its lifelong post-paid mobile plan by 50 per cent to Rs 400 from the existing Rs 800.
Currently, Maruti Suzuki has 14 car brands, but it has decided to expand into some new segments.
While this benefit of easing fuel cost should have been passed on to consumers through the review of FAC due this month, the Railways does not intend to revise freight and passenger fares until the next Budget to be presented in February.
As far as rolling stock programme is concerned, the announcement will be made for manufacturing of 4200 new coaches including 600 LHB coaches in the Rail Budget.
The entire Opposition walked out of the Lok Sabha during the presentation of budget by Finance Minister Pranab Mukherjee, dubbing it 'highly inflationary' as he partially rolled back the stimulus by hiking the ad velorum component of excise duty on large cars and multi-utility vehicles by two per cent to 22 per cent.
The government will take special efforts to ensure adequate credit flow to underserved areas -- the eastern states and Jammu-Kashmir, he added.
Shaw Wallace on Thursday upwardly revised the pay package of its sales executives for the second year in running, a 100 per cent hike being envisaged for top performers.
Players who have severed their links with the rebel Indian Cricket League (ICL) through the one-time amnesty offer of the Board of Control for Cricket in India (BCCI) seem all set to be seen in action in the Indian Premier League's next edition. A formal decision to clear the deck on ex-ICL players' participation in the third edition of the IPL, to be held in 12 venues from March 12 to April 25, is expected to be taken by the BCCI's Working Committee in Mumbai.
Sukanya Verma applauds the man, the movies and the many, many, MANY memories he's created on big screen through 80 Amitabh Bachchan moments.
Forget about the Tata Nano for Rs 100,000. Or buying a sleek Yamaha R15 for over Rs 97,000. An array of car models is now available at prices under Rs 100,000, thanks to an expected 20 to 25 per cent fall in used-car prices on certain models, in response to the government's decision to reduce Central value added tax (Cenvat) four percentage points for new cars.
Japanese tech investor SoftBank may end up investing around $1 billion in India in 2022, nearly a third of what it did last year, according to people closely tracking its plans. Last year, SoftBank undertook investments of $3.2 billion in 12 deals. In the first five months of CY22, the giant investor has invested $400-500 million in five deals.
Asked if Narendra Modi as prime minister or for that matter the advent of a BJP government would lead to a different approach in dealing with the jihadi threat in India, Stephen Tankel, one of America's leading experts on terrorism in South Asia felt it is "highly unlikely because of the lack of coordination between intelligence agencies and inter-state police cooperation, as states zealously guarded their authority and prerogatives".'
Telecom users will be able to avail free roaming and keep their phone numbers even if they switch service providers anywhere in the country, as per the draft New Telecom Policy unveiled by the government said on Monday.
Since most of the States' coffers are depleting the hike in salaries in states is unlikely to match the central government. The payout is likely to be deferred levels. Besides, many states have their own pay commissions. However, state govt employees are assessing whether it is the central pay commission's recommendations that will be more beneficial for them or the state govt's own, as state commission's recommendations are reviewed every 5 years and centre's every 10 years.
India's booming mobile services market will see investments of over Rs 100,000 crore (around $24 billion) by 2010, the fastest investment ramp-up seen in any telecom market globally even as analysts predict a bruising battle that will see tariffs fall sharply.
Satyamev Jayate 2 will open in theatres across India for Eid 2021.
MFs have garnered record assets in the past one year, led by increased investor participation through SIPs and robust returns in mid-cap schemes.
US President George W Bush plans to announce a "substantial discount" on the $5 billion deal to sell F-16s to Pakistan during President Pervez Musharraf's visit to Washington.
The travel period for tickets availed under this offer stands between January 15 and April 12
Investor wealth surged Rs 602,001.9 crore in two days of market rally which was supported by positive global cues. The 30-share BSE index on Tuesday closed at 50,136.58, an increase of 1,128.08 points or 2.30 per cent. During the day, it gained 1,259.95 points to touch 50,268.45. On Friday, the benchmark had closed 568.38 points higher. Markets were closed on Monday for Holi. Driven by the rally, the market capitalisation of BSE-listed companies soared Rs 602,001.9 crore to Rs 2,04,77,472.33 crore in two trading days.
The inaugural Sangamam turned out to be a political Hindutva function than a gathering on the Hindu religion, observes N Sathiya Moorthy.
Maruti Suzuki India, country's largest carmaker on Thursday reported 3.7 per cent rise in total sales in September.
Under attack from the opposition, Uttar Pradesh Chief Minister Akhilesh Yadav on Wednesday made a U-turn on his decision to allow MLAs to purchase four-wheelers worth up to Rs 20 lakh out of their local area development fund.
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