The Supreme Court on Thursday directed the Election Commission of India (ECI) to produce before it in sealed cover the "up to date" data of funds received by political parties through electoral bonds till September 30, 2023.
The home loan top-up, a kind of secured multipurpose personal loan, is on the regulator's radar, points out Tamal Bandyopadhyay.
The Supreme Court on Tuesday sought data on the beneficiaries of Section 6A of the Citizenship Act in Assam, saying there was no material before it which could indicate that the effect of granting Indian citizenship to Bangladeshi immigrants between 1966 and 1971 was so great that it impacted the demographic and cultural identity of the border state.
"On space, we will be able to announce that India is signing the Artemis Accords, which advance a common vision for space exploration for the benefit of all humankind," a senior administration official said hours before the meeting between Prime Minister Narendra Modi and President Joe Biden in the Oval Office.
The prosecution is likely to seek capital punishment for the 11 convicted who were charged with murder, while the lawyer of victims may seek life imprisonment for them.
Last year, Syukuro Manabe, Klaus Hasselmann and Giorgio Parisi won the Nobel Prize for Physics, "for groundbreaking contributions to our understanding of complex physical systems."
The new year will witness two unmanned missions under the "Gaganyaan" project, deep ocean exploration project, "Samudrayaan" and many more.
'The private sector will look to the budget to check whether there are any headwinds or tailwinds.'
'If equities perform well in a year, withdraw money from equities. If the equity market is down, shift withdrawal to the debt portion.'
Life Insurance Corporation of India (LIC) February 8 for the first time ever crossed the Rs 7 trillion market capitalisation, as the stock price of state-owned insurer hit a new high of Rs 1,144,45, on rallying 10 per cent on the BSE. The board of directors of the Corporation are scheduled to meet today i.e. February 8, 2024, to consider a proposal for declaration of interim dividend for the financial year 2023-24 (FY24). The board will also consider and approve the unaudited financial results for the quarter and nine-month period ended on December 31, 2023.
The mutual fund (MF) industry had an action-packed 2023 as it tackled the scrapping of tax benefits for debt fund investors and surging flows into equity funds.
As the raids were completed, the I-T team took two managers of the distillery located at Sutapada to an unknown location for interrogation, they said.
For the consumer, there would be practically no impact on prices of essential medicines this year.
Loan against gold as a product is catching on fast. Let's keep the momentum going, but aim for sustainable growth. A few bad apples should not ruin the brunch, argues Tamal Bandyopadhyay.
The interest money which is not claimed by people due to religious obligations is kept in suspended bank accounts.
On Wednesday, the Bihar Cabinet in a meeting chaired by the chief minister passed a resolution on asking the Centre to include the provision in the 9th Schedule of the Constitution, Siddharth said.
Democracy does not begin and end with elections and the integrity of election process is pivotal for sustaining the democratic form of government, the Supreme Court said on Thursday while striking down as unconstitutional the electoral bonds scheme for political funding.
A buoyant equity market, coupled with an improved performance of mutual funds (MFs) on the returns chart, has heightened retail investors' appetite for equities. In the past few months, equity MF schemes have seen a surge in fresh investments through both lump sum (one-time investments) and systematic investment plan (SIP) routes. During the August-September 2023 period, equity MF schemes recorded net lump sum investments of Rs 35,270 crore, compared to just Rs 5,550 crore in the previous three months, according to data from the Association of Mutual Funds in India (Amfi).
Entities may be given about a year to tune their systems to comply with norms of Digital Personal Data Protection Act, 2023, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. Speaking to reporters on the sidelines of consultation with the industry, Chandrasekhar said the Data Protection Board and guidelines for the eight rules, including consent management, will be put in place within a month. "Industry wants some more time for age-gating, different timelines for transition for different data fiduciaries.
The government is likely to propose a penalty of up to Rs 500 crore for violating provisions of the Digital India Bill, according to sources. Under the proposed bill, the Centre may authorise any government agency to monitor and collect traffic data generated, transmitted, received or stored in any digital system to enhance cyber security. It also aims to identify, analyse and prevent intrusion or spread of malware or virus.
Sukanta Majumdar, the state BJP president, said, "Amit Shah has set a target of 35 seats. We will achieve that".
The number of companies had touched a low of 792 in July 2020 amid heightened uncertainty because of COVID-19.
According to the EIC, Telangana officials are allegedly not allowing Andhra Pradesh officials to even enter the dam to conduct inspections.
'From a risk-return perspective, large-cap funds may generate lower-than-historical average returns in 2024, whereas mid-, and small-cap funds hardly have any upside left.'
'If rate cuts happen, bond yields will come down and investors will make mark-to-market capital gains on them.'
These schemes are a good choice for investors contemplating a large investment in equity funds. Instead of investing all the money in one go, they can do so in a staggered manner by parking it in these schemes and then transferring it to equity mutual funds through a systematic transfer plan.
The banking system liquidity bounced back to surplus mode after three weeks, the Reserve Bank of India (RBI) data showed. This was due to government spending, according to dealers. The liquidity situation could further ease with the disbursement of the last tranche of incremental cash reserve ratio (I-CRR) worth Rs 50,000 crore on Saturday.
A sessions court in Mumbai on Thursday convicted artist Chintan Upadhyay for abetting and conspiring to kill his wife wife Hema Upadhyay and her lawyer Haresh Bhambhani.
Having created businesses ranging from world's largest single-location oil refining complex to nation's largest mobile network operators in just few years, billionaire Mukesh Ambani says his group Reliance Industries Ltd will never be complacent and will grow to be among the top 10 business conglomerates of the world. Addressing employees on Reliance Family Day - the birthday of the group's founder Dhirubhai Ambani, he said Reliance is now aiming to consolidate a place among global leaders in digital data platforms and AI adoption. "Today, the domestic and global environments for business are changing very fast.
'Interim Budget has ignited the entrepreneurial spirit.'
Concerned over the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as a revenue enhancement tool, the Reserve Bank on Friday came out with modified norms, under which lenders would be able to levy only "reasonable" penal charges in case of default in repayment of loans. The banks and other lending institutions will not be allowed to levy penal interest with effect from January 1, 2024, the RBI said in its notification on 'Fair Lending Practice-Penal Charges in Loan Accounts'. "Penalty, if charged, for non-compliance of material terms and conditions of loan contract by the borrower shall be treated as 'penal charges' and shall not be levied in the form of 'penal interest' that is added to the rate of interest charged on the advances," RBI said in a notification.
'He was one of his kind.' 'He walked at the speed of a run.' 'He wore full-sleeve shirts no matter what or when.' 'He always drove himself.'
'Being financially independent is crucial.' 'This spares women a lot of grief if the marriage, especially in large business families, breaks down.'
The Board of Control for Cricket in India's three-member disciplinary panel, headed by president Shashank Manohar, will meet this week to decide the fate of Ajit Chandilla and Hiken Shah who have been accused of trying to fix games in the 2013 and last edition of the Indian Premier League respectively.
The judge will hear arguments on the quantum of punishment on July 12 and the convicts can get a maximum sentence of life imprisonment for the offences.
Investors from across the globe are keen to invest in Gujarat.
India's foreign exchange reserves dropped by $6.05 billion to $593.48 billion during the week ended May 19, RBI said on Friday. The drop in the kitty has snapped two consecutive weeks of increases. In the previous reporting week, the overall reserves had increased by $3.5 billion to take the overall quantum just shy of $600 billion.
The Lok Sabha witnessed a heated debate Friday on an Ethics Committee report recommending Trinamool Congress MP Mahua Moitra's expulsion in the cash-for-query issue, with the Opposition demanding she be allowed to speak in the House, and the government contending her views were heard by the panel.
A special National Investigative Agency court, which convicted 13 people in the sensational hand chopping case of a college professor in Kerala in 2010, will pronounce the quantum of punishment on May 8.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
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