Nobody is held accountable for lapses, no matter how badly it affects the person or business whose accounts are frozen. Nor is there compensation for losses. Most people get to know their accounts are blocked only when a cheque bounces, points out Debashis Basu.
Billionaire Gautam Adani on Wednesday shared a personal note on the development of Dharavi in Mumbai, days after the Maharashtra government issued a resolution to award the Dharavi redevelopment project to his conglomerate on July 14. In the note shared with the media, Adani said his first tryst with Dharavi in Mumbai was in the late 1970s, and the slum settlement continues to amaze and inspire the billionaire to date. "When this opportunity to renew Dharavi came calling, I seized it with both hands," he said.
Doggedly persisting with its much-criticised zero-Covid policy, China has slipped deeper into the coronavirus quagmire as it reported a record 31,444 infections on Thursday with many of its cities, including Beijing, resorting to community lockdowns to stem the virus amid worsening wintery weather.
The International Monetary Fund (IMF) on Tuesday cut its projection of India's economic growth in 2022 to 6.8 per cent, as it joins other global agencies that have trimmed forecasts. The IMF had in July projected a gross domestic product (GDP) growth of 7.4 per cent for India in the fiscal year that started in April 2022. Even that forecast was lower than 8.2 per cent projected in January this year. India had grown at 8.7 per cent in 2021-22 fiscal (April 2021 to March 2022).
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
Mahindra Holidays & Resorts plans to have close to 5,300 rooms in the next 3- 4 years from the current 3,700 rooms.
Ambani is in good company. The likes of ultra-rich individuals like hedge fund billionaire Ray Dalio and co-founder of Google Sergey Brin have chosen Singapore to establish their family offices. So have British inventor James Dyson, famous for his bladeless fans and hair dryers and vacuum cleaners, and Zhang Yong, founder of China's Haidilao hotpot restaurant chain, reports Lee Kah Whye.
A longer shelf life is critical, given many makers have started manufacturing vaccines and stockpiling them, so as to make them available in the market immediately after approval, reports Sohini Das.
Here are the many pros and some cons of going for such an arrangement
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
The plot goes from annoying to unconvincing in no time and as a viewer, you feel like a mute scapegoat, taken for granted, notes Divya Nair.
The number of Indians over 15 either working or looking for work is lower as a percentage than in the United States, China, Bangladesh or Pakistan, points out Aakar Patel.
'Kindly advise about the following stocks. Can I hold or exit?'
Parliament on Thursday cleared the decks for the rollout of the historic Goods and Services Tax from July 1 as it approved four supporting legislations to usher in the one-nation-one-tax regime.
The newly discovered enzyme decreases the sperm's ability to swim, so that fertilisation cannot occur.
Consumer durables and electronics companies are putting the final touches to their festive period plans.
Finance Minister Arun Jaitley, who is meeting state finance ministers on Thursday to garner support for the Constitution Amendment Bill for a goods & services tax (GST), is likely to immediately dole out about Rs 13,000 crore (Rs 130 billion) in Central Sales Tax (CST) compensation to states.
Chinese President Xi Jinping has called for undiminished vigilance on the prevention and control work of the COVID-19 as the situation in the Wuhan City and Hubei Province remains severe
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
It's not easy to ignore the newspaper ads with Diwali offers.
First was the desire to tap the large domestic market while remaining competitive in global markets.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Arvind Subramanian will hold classes for a week on applied economics at IIT Delhi
Indian Prime Minister Narendra Modi who envisioned Make In India last September was at his eloquent best as he made a fervent plea to global businesses to come Make In India.
From being a single store in Delhi, The Shop is now in Bengaluru, Mumbai, Kolkata, Coonoor and Noida.
Participants are keenly waiting for the January IIP.
The IMF's predictions for India's near-term growth may seem rosy, but the usual caveats apply - that is, we are apt to under-perform.
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
'What's the point in lamenting widespread toxic work culture, and the capitalist system that gives rise to it if there is no alternative?' 'Actually, there is,' says Ashish Sharma.
Utkal Tubers is selling potato seeds in new areas and seizing the opportunity to create a Rs 100-crore firm.
Utkal Tubers is selling potato seeds in new areas and seizing the opportunity to create a Rs 100-crore firm.
Group Captain Murli Menon (retd) reveals how India can neutralise the Pakistan air force's combat capabilities without firing a shot.
It is suggested that you get your SIM locked with which the wallet account is mapped.
Dettol came to India in 1932.
In addition to helping scientists answer fundamental questions about the nature of matter, the material is theorised to have a wide range of applications, including as a room-temperature superconductor.
The productivity of the Lok Sabha was 91.58 per cent while that of Rajya Sabha was 56.29 per cent.
He said the NDA's work culture was different from that of the previous governments.
'What lies at the core of Abe's stance is Japan's crisis management ability amid the increasingly tense North Korean situation,' says Rajaram Panda.
Soon after Prime Minister Modi's assertion, the G20 countries also came down heavily on terrorism.
Boost to dairy sector will generate jobs
