In switching over, Nitish has sent out a message that if he could not now become the NDA's PM, then he would need to stay on as CM at the very least, which a third term for Modi would not let him have, N Sathiya Moorthy points out.
The Congress should take the lead in resolving differences of opinion within the Indian National Developmental Inclusive Alliance (INDIA) and show 'large-heartedness' in seat sharing to emerge as a viable alternative to the Bharatiya Janata Party in upcoming elections, according to some opposition leaders.
Three countries share a common interest in warding off cyber attacks from various agencies PLA is developing and training in China.
China on Monday dismissed the existence of a 'median line' in the volatile Taiwan Strait after Taiwan's defence ministry said it detected a record 103 Chinese warplanes flying around the self-ruled island in a 24-hour period.
National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments.
Bharatiya Janata Party-ruled civic bodies in Delhi are set to be dissolved in the next five days, with the South Delhi Municipal Corporation's term set to end on Wednesday.
Republican presidential candidate Vivek Ramaswamy has vowed that he will pardon all peaceful January 6 protesters if he gets elected as the next United States president in 2024.
The BJP enters challenging times where it has been given a task to hold onto the values of Ram in running the country as defined by Narendra Modi in Ayodhya, notes Sheela Bhatt.
The three main political parties in Pakistan on Sunday intensified their efforts for the formation of a coalition government after it became clear that the coup-prone country faced a hung Parliament after general elections marred by allegations of rigging.
Australian Open chief Craig Tiley believes any Saudi Arabian investment in tennis would not have the same impact as in golf.
The Reserve Bank is planning to extend wholesale Central Bank Digital Currency (CBDC) for transactions for interbank borrowing or call money market, sources said on Tuesday. The pilot in the wholesale segment, known as the Digital Rupee -Wholesale (e-W), was launched on November 1, 2022, with the use case being limited to the settlement of secondary market transactions in government securities. "RBI is now planning to go into the interbank borrowing market.
The development came two days after Manipur Chief Minister N Biren Singh said that a decision has been taken to provide security to the farmers who will start the cropping season.
Over 160 people, including a number of Israeli nationals were killed in the terror attack on November 26, 2008
Adani Data Networks said it plans to create a private 5G network for its operations. However, it acquired the spectrum in the last 5G auction alongside three telecom companies. Subsequently, it was granted a unified licence for access services, which enables it to provide telecom services in the country.
Over 300 priests of the Ernakulam-Angamaly archdiocese of the Syro-Malabar Church on Friday said they cannot accept the warning issued by the papal representative to celebrate Holy Mass in a uniform manner as prescribed by the synod or face consequences -- as it goes against their conscience.
The shift to a shorter T+3 settlement cycle for initial public offerings (IPOs) will be a big test of the domestic market structure, requiring players in the ecosystem to work harder to meet the squeezed timelines, according to industry insiders. The Securities and Exchange Board of India (Sebi), has announced that the transition to the T+3 cycle will be voluntary starting next month and mandatory from December 1. The new mechanism will necessitate quicker confirmations from banks and speedy verification of permanent account numbers (PANs) for all applicants.
President Droupadi Murmu and Prime Minister Narendra Modi greeted the people of Telangana on the 10th State Formation Day while state Governor Tamilisai Soundararajan, Chief Minister K Chandrasekhar Rao and Union Minister for Tourism G Kishan Reddy separately hoisted the national flag on the occasion here on Friday.
The transition to UPI-based ATMs will be gradual, and consumers will not immediately switch to using standalone UPI ATMs overnight.
Prime Minister Narendra Modi on Tuesday expressed hope that digital transactions will soon surpass cash as Unified Payments Interface (UPI) is increasingly becoming the most preferred payment mechanism in the country. Modi after the launch of the cross-border connectivity between the UPI and PayNow of Singapore said about 74 billion transactions amounting to more than Rs 126 trillion, which is approximately 2 trillion Singapore dolla, was done through UPI in 2022. "Many experts are estimating that very soon India's digital wallet transactions are going to overtake cash transactions," he said.
'Till the time the chief minister continues to have command over the state forces, we don't think that gives any hope of peace coming back to Manipur.'
Tharman Shanmugaratnam, an Indian-origin Singapore-born economist, registered a landslide victory in Singapore's presidential election on Friday, winning over 70 per cent of votes in the country's first contested presidential polls since 2011.
Observing that 140 United Nations member states have already voted to condemn Russia over its unprovoked war and the humanitarian crisis it has unleashed upon the people of Ukraine, Thomas-Greenfield said Russia should not have a position of authority in that body, nor should the international community allow Russia to use their role on the Council as a tool of propaganda to suggest they have a legitimate concern about human rights.
HDFC Bank has reshuffled the portfolios of its senior management team. This is the first major rejig after the amalgamation of HDFC Ltd on July 1. "The runway for our growth is large. This change is being done to bring in a very sharp focus on leveraging what we have built and for enhanced execution," said Sashidhar Jagdishan, managing director and chief executive of HDFC Bank, explaining the reason for this overhaul.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
With over 80 million Unified Payments Interface (UPI) users, Amazon Pay, the payments business of e-commerce giant Amazon, has been growing at 40-50 per cent year-on-year (Y-o-Y), said Mahendra Nerurkar, chief executive officer (CEO) and vice-president (V-P), Amazon Pay India. "Leveraging just the micro peer-to-peer (P2P) transactions on UPI is not a business model. "While we have enabled those features, we do not chase monthly active users based on this.
Poor earnings show in the September quarter (Q2FY24), with hints of likely weakness in asset quality going ahead, forced analysts to cut earnings estimates of SBI Cards and Payment Services (SBI Card). On the bourses, shares of the State bank of India arm tumbled 7.4 per cent to Rs 732 apiece on the BSE in the intraday trade as investors factord in near-term concerns. Analysts at Motilal Oswal Financial Services, for instance, slashed SBI Card earnings by 8 per cent and 10 per cent for FY24 and FY25, respectively, as they expect the company to face pesistent magin pressure.
Debit card payments remained sluggish due to the surge in digital transactions after the pandemic, and the Unified Payments Interface (UPI) has emerged as the most popular mode of money transfer, particularly for small value transactions, according to RBI data. In July 2020, the total debit card spends stood at Rs 2.81 trillion, as compared to Rs 3.15 trillion in July 2023, reflecting a growth of 11.96 per cent. UPI spends have seen a whopping growth of 428 per cent, zooming from Rs 2.90 trillion to Rs 15.33 trillion during the same period, the data revealed.
The first municipal House after the high-stakes civic polls on December 4 is scheduled to take place on Friday during which all newly elected councillors will take oath and the mayor and the deputy mayor will be elected.
The JSP has made an electoral alliance with main opposition Communist Party of Nepal-Unified Marxist Leninist headed by K P Sharma Oli.
Semi-high-speed 'Namo Bharat' train services on the 17-km priority section of India's first Regional Rapid Transit System (RRTS) rail corridor will be opened for people from Saturday morning.
The Union Cabinet on Tuesday gave its nod to a bill to merge the three municipal corporations in Delhi, sources in the government said.
India on Thursday said it promotes engagement with Taiwan in several areas including trade and investment and Taipei's decision to open an economic and cultural centre in Mumbai should be seen in that context.
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
The planned phased withdrawal of the Army from certain areas of the Jammu region has been shelved "indefinitely" in view of terror attacks being orchestrated from across the border, officials said in Srinagar.
The surrendered weapons included self-loading rifles, carbine, AK and INSAS rifles, light machine guns, pistols, M16 rifles, smoke gun/tear gas, sten gun and grenade launcher.
Such a course would require a Constitutional Amendment, requiring a two-thirds majority in both Houses of Parliament. Even assuming that the INDIA combine comes to power at the Centre next year, a two-thirds majority in the Lok Sabha could way off the mark for them, observes N Sathiya Moorthy.
"Dialogue is the only solution to the ongoing crisis in Manipur," Shah said.
Answering a question about whether Biden will raise the issue of a unified response to Russia, White House Press Secretary Jen Psaki said, "We will convey the same sentiments in this meeting."
What the INDIA alliance needs is neither a counter to Modi's tall personality and undiminished charisma nor a counter-narrative to his Hindutva agenda, now centred on the Ayodhya temple consecration on January 22, argues N Sathiya Moorthy.
The exit of CPN-UML may not immediately affect the Prachanda-led government, which is supported by the Nepali Congress which has 89 lawmakers in the House.
