In addition to the negative sentiment as a consequence of changes announced in the Union Budget 2023-24 concerning tax treatment for debt repayment distribution, concerns about hiring slowdown and its leasing impact, as well as higher interest rates, could blight the sector in the near term.
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.
Clock 11% growth in the first 11 months of 2022.
Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.
'Given the worries about sluggish growth, rising interest rates and likely volatility, it's quite logical to infer that the SIP route could be the preferred way of investing.'
Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.
The alacrity with which regional States responded to Delhi's invite signals that expectations are high regarding an Indian role in the efforts to stabilise the situation in Afghanistan, observes Ambassador M K Bhadrakumar.
'It's a big technology company and may offer good remuneration, but stability in my career is equally important to me.'
Calendar 2022 will go down as a year when the real star was the Next Big Idea.
Spokesperson in the Ministry of External Affairs Anurag Srivastava said India expects China to refrain from commenting on the country's internal affairs and respect its sovereignty and territorial integrity.
Notwithstanding its continuing military strikes against Ukraine, Russia has started supplying some components of the second regiment of the S-400 Triumf missile defence system to India, people familiar with the development said on Friday.
But the industry's chief executives remain confident of the long-term growth potential of NBFCs in India, given their specialised lending on the asset side, last-mile reach, and a well-capitalised balance sheet. "Over the years, NBFCs have faced many crises.
Uncertain political times in Meghalaya, Nagaland, Tripura.
The 60-metre bridge is around four kilometres east of the confluence of Shyok and Galwan rivers, and links the narrow mountainous region to the Shyok-Daulat Beg Oldi road.
The high court said it is needless to state that the EC will proceed in accordance with the procedure followed by the commission while adjudicating a petition under... Of the Election Symbols (Reservation and Allotment) Order.
At a time when China is trying to make its foray into South Asia, India should use its shared history to strengthen its ties in the region, says Dr Rup Narayan Das.
Chinese military has also deployed a sizeable number of its troops in Galwan Valley, the site of the violent clashes on June 15 that left 20 Indian soldiers dead.
Keeping the contents of the BBC documentary aside, Rishi Sunak's response needs to be viewed in the backdrop of Britain's historically close relations with Pakistan, argues Lieutenant General Prakash Katoch (retd).
Russia has almost completed the delivery of major components of the second regiment of the weapon systems.
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Notwithstanding India's objections to China-assisted developmental projects in PoK, Pakistan asserted it will go ahead with its plans there, including the multi-billion dollar Sino-Pak economic corridor.
I have no idea how that happened, lost for words, says Virat Kohli
'Even, amidst the ongoing pandemic, terrorism continues to pose a critical threat to international peace and security'
The talks took place on the sidelines of the G-20 foreign ministers' meeting in the Indonesian city of Bali.
Military officials, on the condition of anonymity, said the arrival of the Rafale jets will significantly enhance the IAF's overall combat capability and will send a clear message to India's 'adversaries'.
Competing in her third successive Olympics, two-time world No. 1 Deepika has seen it all, from the lows of London to hitting rock-bottom at Rio 2016.
A house meeting has been scheduled for Saturday as per the Parliament's notice and the matter relating to the constitution amendment bill is likely to come during the meeting, parliamentary sources said. Meanwhile, in a conciliatory tone, India on Thursday said it deeply values its friendly ties with Nepal.
The plan to phase out the Soviet-origin aircraft fleet is part of the IAF's modernisation drive and it is not related to the latest crash of a MiG-21 jet in Rajasthan's Barmer on Thursday night.
The corridor will connect the Dera Baba Nanak shrine in India's Punjab with Darbar Sahib at Kartarpur, just about 4 km from the international border, located at Narowal district of Pakistan's Punjab province.
How will the Modi Sarkar's likely return affect other nations?
Mithali Raj played a captain's knock to guide India Women to a consolation four-wicket win over England
The Reserve Bank's rate-setting panel will start its 3-day deliberations on Wednesday amid expectations of yet another rate hike of 50 basis points to check high inflation, in line with similar actions taken by other major central banks, including the US Fed. Based on the recommendations of the Monetary Policy Committee (MPC), the RBI had effected 50 basis points increase in repo rate each in June and August after raising the short-term lending rate by 40 basis points in an off-cycle decision in May. The MPC, headed by RBI Governor Shaktikanta Das, is scheduled to meet during September 28-30.
Both the countries have deployed their big guns for the 'diplomatic offensive'.
Virat Kohli bounced back in style to score a patient half-century against the Gujarat Titans.
The IHS Markit India Manufacturing PMI rose from 51.2 in November to 52.7 in December. Factories benefited from a rebound in demand, and responded by scaling up production to the greatest extent since May. As per the survey, new work orders witnessed marked improvement, with the pace of expansion picking up to the fastest since July.
'Russia remains in a unique position since it has special strategic relations with both India and China and these relationships are independent in nature'
'With a less than comely bride and no dowry to speak of, the prospects of landing a good match look bleak, a grim, sinister and no-nonsense prospective father-in-law notwithstanding,' says Anjuli Bhargava.
The view is that the attention on the national team is fleeting, incidental and dependent on the results they produce.
'Any future course of action towards active participation in the alliance when formed would need a lot of deliberation, long term vision and should be in our best national interests,' notes Commodore Vengalil Venugopal (retd).
'Consumers are willing to increase travel spends by 20-30 per cent versus pre-pandemic.'
Dwaine Pretorius made his IPL debut for Chennai Super Kings this year
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