'We have to be prepared on the borders to withstand Chinese expansionist designs.'
The pilot project for central bank digital currency (CBDC) in the retail segment went live on Thursday with the Reserve Bank of India (RBI) issuing Rs 1.71 crore to four participating banks based on their indents. The central bank has identified four banks for the first phase of the pilot - State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank - in four cities, Mumbai, New Delhi, Bengaluru and Bhubaneswar. The highest indent was received from one private sector bank.
Tata Consultancy Services (TCS) on Monday said its Rs 18,000 crore share buyback offer will open on March 9 and close on March 23. On February 12, the company announced the share buyback programme entailing 4 crore shares at Rs 4,500 apiece. TCS has fixed April 1, 2022 as the last date for settlement of bids on stock exchanges which may even happen earlier, according to a BSE filing.
Authorities will allow the country's taxpayers to access the mutual agreement procedure (MAP) for cross-border disputes. This is even if they had settled the case under the direct tax dispute resolution scheme - Vivad se Vishwas - without deviating from the outcome of the scheme, said the Central Board of Direct Taxes (CBDT) on Monday. However, non-resident taxpayers, who opted for the resolution scheme, cannot go for MAP on the same issue, it clarified. MAP is an alternative dispute resolution mechanism under the tax treaties where competent authorities of two countries enter into discussions to resolve tax-related disputes.
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
'Mr Badal wanted to talk to a member of the Gandhi family to bring about some sort of rapprochement between the Akalis and the Congress which were the two major parties at that time.'
Both are finding it difficult to sell one each of their plants -- Chennai Maraimalai Nagar (Ford) and Talegaon near Pune (GM) -- and are finding the road blocked by employee severance snarl-ups, report Sohini Das and Shine Jacob.
Google Inc is close to settling a US criminal investigation into allegations it made money by accepting ads from online pharmacies that break US laws, says a media report.
How does blatantly claiming Indian territory help to maintain 'peace in border regions', is a mystery that only China can explain, notes Claude Arpi.
Evoking extremely good response from investors, Reliance Industries on Wednesday closed at Rs 715.50 a share
His disqualification to participate in future elections may follow, notes Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
The gross GST revenue collected in the month of December 2021 is Rs 1,29,780 crore of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crore collected on import of goods) and cess is Rs 9,389 crore (including Rs 614 crore collected on import of goods), informed the ministry of finance on Saturday. The government has settled Rs 25,568 crore to CGST and Rs 21,102 crore to SGST from IGST as regular settlement. The total revenue of the Centre and the states in the month of December 2021 after settlements is Rs 48,146 crore for CGST and Rs 49,760 crore for the SGST.
'China and India have encountered some setbacks in recent years which do not serve the fundamental interests of the two countries and the two peoples'
Despite the demonetisation of 2016 and the rise in digital transactions that followed, the economy's dependence on cash has remained as high as ever. So when the Reserve Bank of India (RBI) introduced a pilot project of its version of digital cash - called the central bank digital currency (CBDC) - on December 1, many questions were asked. Can the CBDC replace physical cash, even partially? Can it match cash in terms of convenience? Are CBDC transactions truly anonymous?
Prime Minister Narendra Modi will on Saturday unfurl a traditional flag on the famous Mahakali temple in Gujarat's Panchmahal district, after a dargah which stood atop the temple was shifted with the consent of its caretakers.
Conventional wisdom is that when the US sneezes, emerging markets like India catch a cold. And yet the Indian stock market went up last year, points out Debashish Basu.
With developments like the Russia-China alliance and the rise of China in the Middle East, India's role has diminished though the India-Israel-US-UAE grouping may assume some importance in the future, observes Ambassador T P Sreenivasan.
'Our civil society here is vibrant, and courageous, although it is beaten up and beaten down, repeatedly.'
The Royal Observatory Greenwich shortlisted 34 images for its Astronomy Photographer Of The Year 2023 competition from thousands of entries received from all over the world.
A top leader of the ruling Communist Party has asked China's over 25 million Muslims to "uphold the banner of patriotism" and reorient Islam to adapt to Chinese conditions, amid Beijing's diplomatic offensive to counter a damning UN report accusing it of serious human rights violations against Uygur Muslims.
During his four-day tour of the region which started on July 12, Xi met with officials.
Wang said that the situation in Ukraine has changed rapidly and that China laments the outbreak of the conflict between Ukraine and Russia and is 'extremely concerned' with the harm to civilians, China's state-run Xinhua news agency reported.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Speaking to reporters after meeting the family, he said, as MLA of the locality, Arvind Limbavali is said to have tried to settle things.
Prime Minister Narendra Modi's desire to showcase India as a destination for manufacturing is well understood.
PSB branches will work fulltime on the 1st and 3rd Saturday.
Even as lenders are getting ready to send more companies to bankruptcy courts from this week, several old cases are still awaiting resolution with no clarity on the completion of the process. This includes some high profile cases from the first list of 40 companies including Videocon Industries, Bhushan Power and Steel and Lavasa Corporation, sent by the Reserve Bank of India (RBI) for resolution. The delay is mainly due to litigation and late clarifications by various government agencies including the Reserve Bank of India and litigation by the Enforcement Directorate.
Sensex plunges 322.39 points to over 1-month closing low of 27,797.01; Nifty tumbles 97.55 points to 8,340.70.
Sunday's yatra proved that it needs both the maturity of locals as well as the police doing their duty, to ensure that a religious procession doesn't turn ugly.
Reliance Industries (RIL) is likely to be the lone bidder for Mangalore-based JBF Petrochemicals, which is up for sale after defaulting on bank loans worth Rs 5,000 crore. The lenders for the second time extended the deadline for submission of bids, which had ended on August 20, as several players, including public sector companies, were redrawing their acquisition plans, said people in the know. "There were several companies which had submitted their expressions of interest (EoIs) for the company but after due diligence decided to exit the race," said a source close to the development. "The new deadline for submitting financial offers is August-end," the source said.
Amid China's economic slowdown, the country's economic challenges may increase manifold and its economy may be hit harder in the wake of the Ukraine-Russia crisis.
Prime Minister Narendra Modi on Tuesday offered a floral tribute to former Japanese premier Shinzo Abe at his state funeral in Tokyo.
Poor governance and mediocre short-sighted politics are destroying the paradise that Goa was as its environment, water table, culture and way of life is drastically threatened by tourism and migration, points out Ramesh Menon.
Strange souls see a research report on an Indian conglomerate as part of a vast conspiracy to Keep India Down. There is only one possible response to this: Grow up. Nobody in the West cares enough about India or Adani to put all the effort into creating a giant conspiracy that links together BBC documentaries and short-sellers, points out Mihir S Sharma.
'They were certainly not practising Hinduism in the Harappan culture (which includes Mohenjo Daro and other sites).' 'There was no notion of Hinduism then.'
Over 8.5 lakh employees, majorly from public sector banks (PSBs), will get a 15 per cent hike in pay, with the conclusion of the 11th Bipartite Wage Negotiations on Wednesday. After three years of intense negotiations, the UFBU, which represents four bank officer associations and five workman unions, and the IBA on July 22 entered into a memorandum of understanding (MoU) for an annual wage hike of 15 per cent.
Russia's Defence Ministry on Saturday said that they are pulling back forces from two areas in Ukraine's Kharkiv region where a Ukrainian counteroffensive has made significant advances in the past week.
IT services major Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29 and close on January 11, 2021. Last month, shareholders had approved Wipro's buyback plan for purchase of up to 23.75 crore equity shares at Rs 400 per share, aggregating to an amount of up to Rs 9,500 crore. "...the company received final comments from the Securities and Exchange Board of India on December 21, 2020, with respect to the Draft Letter of Offer filed by the company for the captioned buyback...the company will dispatch the Letter of Offer to eligible shareholders," Wipro said in a regulatory filing.
The 50-share NSE Nifty ended up 37.05 points, or 0.36 per cent, at 10,397.45 points
At a joint media briefing with Lavrov, Jaishankar listed issues such as "factors of instability" such as terrorism and its cross-border manifestation and said it remains a "major concern".
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