The massive victory of Bharatiya Janata Party-led Mahayuti in Maharashtra indicates a tactical course correction post the Lok Sabha debacle, with factors like Rashtriya Swayamsevak Sangh's active role in the poll campaign, Ladki Bahin scheme, rise in women voting, and subtle message of Hindutva playing a crucial role.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
Union Home Minister Amit Shah on Sunday said the ruling Mahayuti in Maharashtra will retain power with full majority and a decision on who will be the chief minister will be taken by the alliance partners after the state polls.
Maharashtra Chief Minister Devendra Fadnavis on Thursday assured his government will continue the Ladki Bahin Yojana and fulfil Mahayuti's pre-poll promise of hiking the monthly stipend under the scheme to Rs 2,100 from Rs 1,500 now to eligible women.
Maratha quota activist Manoj Jarange on Sunday refuted talk of his stir not being a factor in the Maharashtra assembly polls, which were swept by the Mahayuti comprising the Bharatiya Janata Party, the Shiv Sena and the Nationalist Congress Party.
The National Pension System is applicable for government employees joining the service after April 1, 2004. It was based on the premise of contribution rather than defined benefit applicable for employees prior to the NPS.
None of Adani group portfolio companies, comprising 11 listed firms, have been accused of any wrongdoing, conglomerate's CFO Jugeshinder Robbie Singh said on founder and chairman Gautam Adani's indictment on bribery charges in the US. In a post on X, Singh said the group would make a detailed comment on the US indictment once it gets counsel approvals.
As the Bharatiya Janata Party looks set to retain Haryana, the Congress' poll campaign, which was built around various issues including unemployment, farmers' plight and Agnipath scheme, appeared to have failed to click with a majority of the voters.
Many were so disillusioned with AAP that they left it in droves. A 10% drop in AAP's vote share is a pointer to that. To assume that if AAP had teamed up with the Congress, the Congress' 6.3% vote share would have helped AAP retain control of Delhi is erroneous, argues Sudhir Bisht.
The Bharatiya Janata Party on Sunday promised to enact an-anti conversion law with stringent provisions in Maharashtra, and also assured a skill census for training as per industry needs as well as free ration to low-income families.
Delhi Chief Minister-designate Atishi will have to hit the ground running to accelerate the city government's functioning and ensure that the flagship projects and schemes are back on track in view of the assembly polls due in February.
The BJP may win more seats in the February 5 assembly election, but not enough to trump AAP, notes Ramesh Menon.
But the atmosphere is now conducive for the Mahayuti to continue in power in Maharashtra thanks to the government's people-centric schemes, while the opposition Maha Vikas Aghadi (MVA) is giving promises that it cannot execute, he said.
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
The volume of new fund offerings (NFOs) in 2025 will fluctuate based on market conditions. However, innovation is expected to continue unabated. With an increasing number of fund houses aiming to establish a presence in the 'factor' investing space and changes in fund-of-fund taxation providing more opportunities, several industry-first offerings are anticipated.
The upcoming Delhi Assembly elections are set to be a thrilling contest between the ruling Aam Aadmi Party (AAP), the resurgent Bharatiya Janata Party (BJP), and the Congress. The BJP is focusing on its "Parivartan" (change) slogan and a targeted campaign against AAP over corruption allegations, while AAP is highlighting the credibility of its leader, Arvind Kejriwal, and his promises to deliver on his promises. The Congress, seeking to reclaim its lost footing in the national capital, is also campaigning with a renewed vigor.
Hemant Soren, the youngest chief minister of Jharkhand, has navigated a tumultuous political journey marked by legal battles, party rivalries, and personal setbacks. Despite facing challenges, he has emerged as a powerful advocate for the rights of tribal communities, earning his place as a formidable figure in the state's political landscape. This article explores his rise to power, his leadership style, and the key initiatives he has undertaken for the betterment of Jharkhand.
As the triangular political contest in Telangana intensifies, many believe that for the regional major BRS, it is a battle for survival after being routed in the assembly polls held late last year. What is haunting the party this time is the scams, the 10-year anti-incumbency factor, and family dominance in the party.
Maharashtra Bharatiya Janata Party chief Chandrashekhar Bawankule has said his party will throw more weight behind its Mahayuti partners Nationalist Congress Party and Shiv Sena in the upcoming state polls and denied reports of a 'friendly fight' proposal for seats where there is a tussle among allies.
The Bharatiya Janata Party on Saturday pulled off a stunning performance in Maharashtra winning a record number of seats to propel the party-led ruling Mahayuti alliance to a landslide victory while the Indian National Developmental Inclusive Alliance (INDIA) stormed back to power in Jharkhand on the back of a spectacular showing by the Jharkhand Mukti Morcha.
The Rs 500-crore Electric Mobility Promotion Scheme (EMPS) 2024, introduced by the Centre to provide incentives to the electric mobility industry, will conclude on July 31 with barely 3.6 per cent of the targeted vehicle sales achieved so far. This is in stark contrast to the earlier flagship Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, which exceeded its sales targets. According to data from the Ministry of Heavy Industry (MHI), only 13,499 of the 372,215 targeted vehicles have been sold under the EMPS scheme.
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad had on December 15 last year reserved its verdict on the matter.
Central government employees availing the LTC cash voucher scheme can purchase goods or services in the name of spouse or other family members eligible for LTC fare. The second set of FAQ issued by the Department of Expenditure also clarified that an employee can claim reimbursement for the purchase of goods and services, attracting GST of 12 per cent or more, on or after October 12 even if he/she has not formally exercised the option of availing the scheme.
When it comes to building wealth, Time really is King. The power of compounding is what makes the magic happen, says rediffguru Ramalingam Kalirajan.
Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, had on Thursday announced sale of 17.54 crore shares (13.50 per cent equity) in the company on January 10 (to non-retail investors) and on January 13 (to retail investors) at a floor or minimum price of Rs 275 apiece.
However, in 950 booths, voting will end at 4 pm, though people standing in the queue at that time will be able to exercise their franchise.
Billionaire Gautam Adani's group on Monday announced its exit from FMCG joint venture Adani Wilmar by selling its entire stake to the Singaporean partner and in the open market for an estimated over $2 billion in a first major deal since the US bribery indictment. In a statement, Adani Enterprises Ltd -- which held 43.94 per cent stake in Fortune brand cooking oil, wheat flour and other food product maker Adani Wilmar Ltd -- said it will sell 31.06 per cent stake to Wilmar International. About 13 per cent will be sold in the open market to meet minimum public shareholding requirements.
Despite these challenges, his strong voice for the state's tribal population has been central to his political identity
He said the people of the state took a historic decision in 2003 by removing the government of "Mr Bantadhar", apparently referring to senior Congress leader and former chief minister Digvijaya Singh.
PVR Inox shares hit a 44-month low of Rs 1,154, declining 8 per cent on the BSE in Tuesday's intra-day trade in an otherwise firm market, driven by growth concerns. The stock has slipped 23 per cent from its December high of Rs 1,620, touched on December 5, 2024. It has fallen below its previous low of Rs 1,203.7 from June 4, 2024, and is trading at its lowest level since May 2021.
One reason the fee can't be lower than 3 per cent is that it is difficult for an RIA to do a good job and remain viable even at 3 per cent.
'Young investors should focus more on equity, while retired senior citizens should prioritise fixed income.' 'Mid-career investors should aim for a balanced allocation.'
Hours after Nationalist Congress Party-Sharadchandra Pawar president Sharad Pawar said that the Maha Vikas Aghadi allies can not demand that a Leader of Opposition must be appointed as they do not have the required numbers, Shiv Sena-Uddhav Balasaheb Thackeray leader Bhaskar Jadhav on Saturday claimed there is no provision in the law which talks about the appointment of the LoP in legislature merely on the strength of the party.
'By investing in a basket of funds, FoFs can help minimise the impact of underperforming funds, thus reducing overall investment risk.'
Justice Sanjiv Khanna, who has been part of several landmark Supreme Court judgements such as scrapping the electoral bonds scheme and upholding abrogation of Article 370, will be sworn in as the 51st Chief Justice of India on Monday.
Isn't the goal of retirement planning to create a balanced portfolio that aligns with your financial goals, rather than chasing returns blindly, asks Ramalingam Kalirajan
The final round of voting for the Jharkhand Assembly elections is taking place on Wednesday, with the JMM-Congress-RJD coalition seeking to retain power while the BJP-led NDA aims to take control. The election will decide the fate of Jharkhand Chief Minister Hemant Soren, his wife, and several other candidates. Key issues during the campaign included alleged infiltration from Bangladesh, corruption, and Hindutva.
The Supreme Court of India has issued pan-India guidelines on property demolition, emphasizing that no property should be demolished without a prior show cause notice and 15 days for the affected party to respond. The court strongly criticized 'bulldozer justice', stating that the Executive cannot demolish homes simply because individuals are accused of a crime. The verdict cites the importance of shelter as a fundamental right and highlights the unconstitutionality of demolishing houses based solely on accusations or convictions.
Metropolis Healthcare (MHL) has decided to acquire a 100 per cent stake in Gurgaon-based Core Diagnostics for Rs 247 crore. This is about 2.2x FY24 (financial year 2023-24) enterprise value (EV)/sales and estimated 14x FY26 EV/Ebitda for the deal.
Eknath Shinde, a former auto-rickshaw driver, has emerged as a key leader in Maharashtra, culminating in his appointment as Deputy Chief Minister. His journey from a Shiv Sena rebel to a dominant figure in the state's politics is a testament to his resilience and political acumen. He gained popularity for his pro-people stance and his contributions to infrastructure projects and social welfare schemes, solidifying his position as a powerful player in the Mahayuti alliance.
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