For long-term financial security, millennials must not only provide social security for their young families but also ensure that their financial burdens are not passed down to their families, says Casparus Kromhout.
Currently, there's a shortfall of 23 million houses in India.
'Countries like Israel said openly that they will hunt people down. We have no such policy.' 'We have always been following the legal process of getting them (people wanted by India) through extradition.'
Food in India has fled the confines of the kitchen and become a national adventure... Food shows, now even on news channels, have transformed restaurateurs from humble khansamas to courted celebrities.
Bandhan Bank has declared disappointing results for the first quarter of the 2023-24 financial year (Q1FY24). While the market has been braced for known issues around microfinance exposures in West Bengal and Assam, there is higher stress in the portfolio. This means higher credit costs and poorer asset quality, leading to target downgrades by analysts.
The amendments to the six-and-half-decade law provides that stock holding limit on commodities will only be imposed under exceptional circumstances like national calamities, famine with a surge in prices, the minister said.
An official said Justice Pradip Kumar Mohanty, a judicial member of Lokpal, has been given additional charge of the post of chairperson.
The prime minister's sop is expected to give a massive boost to priority-sector housing loans, thereby pulling the entire housing loan portfolio of banks.
Will open radio access network technology (O-RAN) disrupt the way 5G networks roll out in the country? After all, it promises to offer a substantially lower capital cost, enables the choice of an array of vendors, and provides more network flexibility - all very important for telcos who expect to invest over Rs 60,000 crore to roll out a pan-India 5G network and that's without spectrum costs. But more importantly, it counters the stranglehold of global telecom gear makers such as Ericsson, Nokia, and Samsung over telcos to whom they sell propriety technology and bundled hardware and software.
In a move apparently aimed at preventing the airing of soaps and serials from countries like India and Turkey, a Pakistani parliamentary panel has asked the government to ban all foreign content in any language during prime time on television channels.
Pakistan desires peaceful ties with its neighbours, including India, and will work to strengthen the dialogue process that is already underway to resolve problems like the Kashmir issue, Prime Minister-elect Raja Pervez Ashraf said on Friday.
Mutual funds have ratcheted up Rs 53,700 crore (Rs 537 billion) through new fund offers (NFOs) in 2022 until November, against Rs 1 trillion in Calendar 2021, notwithstanding the number of launches this year eclipsing the 2021 tally. Industry insiders cite the absence of launches in popular categories as the reason behind lower collections this year. Typically, only NFOs in popular categories from major fund houses rake in the moolah.
If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
The bench said that it has to be in exceptional circumstances when the conviction needs to be stayed and it cannot be a norm.
The impact of Shinzo Abe's towering personality is such that even in death, Abe remains a polarising figure, asserts Dr Rajaram Panda.
'When one was with Mother, one realised you were with somebody who was the nearest person to God.' 'She must have been God incarnate.'
The ordinance was launched to implement the verdict of the ICJ which asked Pakistan to provide effective review of the sentence given to Jadhav my a military court. Jadhav, the 50-year-old retired Indian Navy officer, was sentenced to death by a Pakistani military court on charges of 'espionage and terrorism' in April 2017.
The opposition bloc also got support from Telanagana Chief Minister K Chandrashekar Rao's BRS, which saw the bill as a move to usurp powers of an elected government in Delhi, and asked the House to vote against it.
Pakistan on Thursday said Most Favoured Nation status cannot be granted to India at a time when there is tension on the borders.
To become a sponsor-free AMC, a MF must have positive liquid net worth and net profit of at least Rs 10 crore in all of the preceding five years.
While weather forecasters remain divided on how the monsoons will play out in India over the next few months, analysts believe the news at the current juncture - at best - can trigger a knee-jerk reaction in the markets. They believe it is too early to say whether the sub-par monsoon on account of El Nino can seriously dent the market sentiment in the short-to-medium term. "These are just initial forecasts and we will have another round / status update from the weather forecasters a month down the line.
The bill was passed by LS last year and now it has to go back to the Lower House for incorporating the amendments approved by Rajya Sabha.
While rising interest rates and tighter liquidity are giving negative signals for the financial sector, increasing economic activity could mean higher business volumes for lenders. Liquidity in the banking system has moved from Rs 8 trillion surplus into a deficit of Rs 33,000 crore over the 2022 calendar year. By the end of November, bank credit had grown 17.5 per cent YoY (year-on-year).
He was elected as a local body councillor in 1976 in Bharuch Municipal body of Gujarat at the age of 25 years and became the political secretary of Sonia Gandhi and remained a bridge during UPA-I tenure between the party and the government.
The Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months. With the latest hike, the repo rate or the short-term lending rate at which banks borrow from the central bank now has crossed 6 per cent. This is the fifth consecutive rate hike after a 40 basis points increase in May and 50 basis points hike each in June, August and September.
Markets ended lower for the third straight day on Tuesday weighed down by profit taking in rate sensitives with bank shares leading the decline after hopes of rate cut by the central bank faded.
Disgruntled Janata Dal-United leader Upendra Kushwaha on Monday resigned from Chief Minister Nitish Kumar's party, less than two years after returning to the party, and announced formation of the 'Rashtriya Loktantrik Janata Dal'.
'The last thing he would want is new tensions with India.'
Property registrations in Mumbai hit the 100,000-mark till November, marking a 10-year high as "demand enablers" like low prices and cheaper interest rates lure people to buy homes in India's financial capital. The previous 10-year high was 80,746 units in 2018. November 2021 recorded property sale registrations of 7,582 units: an 18 per-cent decline compared to same month last year (YoY) when stamp duty rate was at its lowest level of two per cent, said property consultant Knight Frank India, quoting data from the Maharashtra government's Department of Registrations and Stamps. Compared to October or a month-on-month (MoM) basis, registrations are lower by 12 per cent.
The sale of the Lincoln House in the Breach Candy area of south Mumbai, which used to house the US consulate, to the billionaire chairman of the Pune-based Serum Institute, makes it the largest real estate deal in the country's financial capital.
Indian equity markets had a good run in the first half of calendar year 2023 (CY23), with the S&P BSE Sensex and the National Stock Exchange Nifty50 hitting fresh 52-week highs. While the Sensex scaled up to a peak 64,718, the Nifty50 hit Mt 19,189. As the markets now prepare to enter the second half (H2) of CY23, all eyes are on global central banks, especially the US Federal Reserve, as to when they will pause and pivot as regards their interest-rate cycle.
Mumbai nightclub Blue Frog, under the direction of the energetic Ashutosh Pathak, has been transformed into India's first full-service recording studio.
Roiled by the pandemic, home prices in India fell 3.6 per cent in December quarter 2020, pushing down its global ranking to the lowest 56th as compared to 43rd in the year-ago period, while Turkey continued to lead the tally, says a report. According to international property consultancy Knight Frank, India was the weakest-performing housing market in October-December last year with a decline of 3.6 per cent year-on-year in prices. The Knight Frank global house price index tracks the movement in mainstream residential prices across 56 countries and territories worldwide using official statistics.
The plan is to offer the ratings of drivers to insurers, which can then customise their premiums -- a higher score meaning a lower premium, for instance, and vice-versa.
Nepal last month released the revised political and administrative map of the country laying claim over the strategically key areas, more than six months after India published a new map in November 2019.
PM Modi is likely to visit Kabul on December 25 where he will inaugurate the new building of the Afghan Parliament constructed by India at a cost of about USD 90 million.
'Today, the BJP is using power in such a manner that they not only crush the Opposition, but even their own supporters can't rebel.'
'Investors don't have to worry about underperformance in passive funds, which earn market-equivalent returns.'
Two wonderful recipes from Pratibha Karan's The Book Of Dals.
Abe got a resounding victory in the snap polls held on Sunday.
