The new tax regime has also been fuelling sale of SUVs, particularly the compact SUVs
The textiles sector is India's largest organised employer and critical for the prime minister's dream of creating jobs
Niti Aayog's plan to create a 'New India' in less than four years should invite scepticism, argues T N Ninan.
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
After launching mid-income houses, real estate companies are now targeting low-priced homes in the sub-Rs 10 lakh (Rs 1 million) category to improve cash flows and beat the slump in the property market that has been driven by high borrowing rates.
What will be its impact on the banks's balance sheets? Since banks need to provide for 10 per cent of the loans restructured, they would need Rs 50,000 crores to Rs 80,000 crore for this purpose, notes Tamal Bandyopadhyay.
Post-cessation, activities related to the safe shutdown of the field are underway.
In a bid to diversify their risk in the backdrop of a US slowdown and a fallout from the sub-prime crisis, which has affected the BFSI sector, Indian business process outsourcing units have begun training their sights on the domestic market. The deal sizes for the BPO segment have increased to $5-50 million from just a few hundred thousand a year ago.
Cabinet sub-committee to review the situation and take necessary steps.
As remarkable as DRDO's contribution in containing and treating COVID-19 has been, its success over the last 15 months has been in its primary role of developing conventional defence equipment and technologies.
The procedure, however, would cost around Rs 75,000-100,000 more than conventional angioplasty.
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The company, which sells luxury products, including brands like Cartier, Piaget, Panerai and Montblanc, has also sought few clarifications from the government on conditions for selling sub-brands from the same stores, according to sources.
'Tens of millions will be working from home for months at a time, which means the smartest brains in business will be focussed on creating more efficient WFH processes,' predicts Devangshu Datta.
'It would be a travesty if the Malaysian air force likes the Tejas, but decides against it because it sees the IAF reluctance to back the fighter.'
The FATF warned Pakistan that if it doesn't complete a full action plan by June, it could lead to consequences on its businesses
People with roots in the Indian sub-continent were some of the worst affected when riots rocked London and other cities in England, but their resilience and determination to thwart trouble-makers was soon hailed as examples of the "best of Britain."
China's official defence budget last year was $136.3 billion while that of India was $38.2 billion.
Being developed on a 14-acre site at Ghatkesar on the outskirts of Hyderabad, AsiaGSB will entail an investment of Rs 25 crore (Rs 250 million) in the first phase and Rs 50 crore (Rs 500 million) over the next two to three years. The B-school is expected to start operations from mid-2008.
ADB has often expressed its interest in promoting sub-regional integration in South Asia and perhaps could be involved as a facilitator.
A sub-committee of the country's biggest provident fund, EPFO, is believed to have recommended slashing of interest rates to 8% for its 3 crore subscribers, even as some trade unions pitched for hiking the rate to 12%.
The failure of big-budget Bollywood movies show that mega stars such as Salman Khan, Shah Rukh Khan, Hrithik Roshan, Ranbir Kapoor, Katrina Kaif and Anushka Sharma are struggling to impress the audience.
Images from the India vs Pakistan World Cup semi-final, in Mohali on Wednesday.
The finance ministry is looking into a proposal that would allow overseas retail investors to invest directly in Indian equity markets. This is part of a review of the overall regime for the participation of foreign investors in primary and secondary markets.
The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution and announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles, even as it shrunk the budgetary allocation for the environment ministry from the last fiscal by nearly eight percent. Union Finance Minister Nirmala Sitharaman, in her budget speech for 2021-22, announced a total of Rs 2869.93 crore for the ministry, Rs 230 crore less than the last fiscal. Officials said the outlay has been lesser this time as the economy is recovering from the COVID-19 pandemic.
As wholesalers largely failed to meet GST norms, companies were in a fix. According to industry veterans like Sunil Duggal, chief executive of Dabur, the hazard led many to look beyond third-party distribution and take the leap to cover unattended markets directly.
With Pakyong now usable by AN-32s, the Indian Army can quickly move soldiers, weapons and supplies to this highly sensitive sector, which includes flashpoints like Doklam, Nathu La and the Siliguri Corridor.
Rising Indian golfer Anirban Lahiri will feature in this week's US $2.5 million Maybank Malaysian Open as the newest Asian Tour champion to emerge from the sub-continent.
'Pakistan's security establishment, despite its appallingly immoral approach to conflict, has worked with limited resources to maximise its national defence resources to continue bleeding India,' says Ajai Shukla.
Unlike cancer and AIDS, there is very little awareness about Thalassemia in India, the country with the largest number of cases in the world.
The textile industry is the second-largest employer in the country, employing about 32 million, and the government is banking on it to absorb millions of youth.
The group companies now lead the market capitalisation league table in sectors such as ports, power generation, gas distribution and transmission, and power transmission and distribution, ahead of incumbents in both public and private sector. This has Gautam Adani family the second wealthiest in business in India.
Amjed Ullah Khan, who carried out investigations of his own and helped rescue 15 women from Hyderabad, tells Syed Firdaus Ashraf/Rediff.com how the women get trapped in an underground slave market that 'sells' them to employers who force them to work for less or no pay and often under inhuman conditions.
The Board of Control for Cricket in India has scrapped all its IPL media rights agreements with Mauritius-based World Sport Group, claiming that MSM Satellite (Singapore) Pvt Ltd is the rightful owner of all media rights relating to the Twenty20 event.
'Now that the Ram mandir is done, we need to move on. And grapple with COVID-19, a sputtering economy, a belligerent China...' 'The temple may win a few more elections for the BJP, but by itself it won't solve the nation's growing problems of economic and social distress,' notes Virendra Kapoor.
India is home to the largest number of hungry people in the world, the Rajya Sabha was informed on Thursday.
If Indian storytelling can deliver, it can make the entertainment industry an engine of economic growth and a substantial contributor to GDP, says Vanita Kohli-Khandekar.
'The impact of COVID-19 on the economy has been so overwhelming that even a significant drop in global oil prices, which in normal times would have brought cheer, has posed new challenges for the government,' observes A K Bhattacharya.
The Jan-Dhan accounts are zero balance accounts, comes with a life cover of Rs 30,000 per person, and an accidental cover of Rs 100,000. An active user of the account can also get overdraft facility of Rs 5,000 from banks.
'People are getting admitted to hospital two to three days before their death in a very serious respiratory compromise state and they are passing away within 48 hours.' 'Those who are coming early in the disease, the minute they are suspicious that they have COVID-19, the recovery rate has been much, much, higher.' 'The moral of the story is: We must destigmatise COVID-19.' 'People should be told: 'Look, if you have anything like this, please come immediately'.'
