The outlook for India's financial sector appears bright, but it needs to brace for likely vulnerabilities, said Economic Survey 2023-24 tabled in Parliament on Monday. The Indian financial sector is at a "turnpike moment", it said, adding that the dominance of banking support to credit is being reduced, and the role of capital markets is rising. For a country that aspires to be a developed nation by 2047, this is a long-awaited and welcome development, it said.
The Budget for 2024-25 should focus on employment generation, besides promoting the manufacturing sector, economists attending the pre-Budget consultation meeting with Finance Minister Nirmala Sitharaman here on Wednesday said. The meeting was attended by National Co-convenor Swadeshi Jagran Manch Ashwani Mahajan, Director and Chief Executive of the Institute for Studies in Industrial Development (ISID) Nagesh Kumar, and TCA Anant among others.
'An equity-based index fund should be held for more than five years to average out market volatility and achieve financial goals.'
While war rooms are set up closer to the sales, warlike preparations go into it almost 12 months in advance to ensure that on D-day the firm gives its best to its customers.
Tech and startup industry bodies have again pushed back against calls by telecom operators to bring over-the-top (OTT) services under a licensing regime similar to telcos, and open them up to taxation. Ahead of public consultations on the issue later this week, the Internet & Mobile Association of India (IAMAI), Nasscom and the US India Strategic Partnership Forum (USISPF), among others, have written to the government arguing against such efforts.
Finance Minister Nirmala Sitharman on Monday held a performance review meeting with heads of public sector banks and asked them to make concerted efforts to garner deposits. Deposits have been growing 300-400 basis points lower than the credit growth in the last few months, creating an asset-liability mismatch for banks. During deliberations on the deposit mobilisation, she said that while the credit growth has picked up, mobilisation of deposits could further be improved to fund the credit growth sustainably, and asked banks to make concerted efforts to garner deposits by conducting special drives.
Bindra praised Manu for patching up with coach Jaspal Rana and for working in tandem for her success.
From start to finish, Dharmaveer 2 feels less like a biopic and more like propaganda crafted for Eknath Shinde's political gain, observes Prasanna D Zore.
Hours after another failed attempt on his life, former United States president Donald Trump on Monday said he will never surrender and never stop fighting for Americans.
The Supreme Court on Monday took suo motu cognisance of the deaths of three civil services aspirants in the basement of a coaching centre in New Delhi and sought responses from the Centre and the Delhi government.
In a setback to the Centre, the Supreme Court on Thursday held that states have the legislative competence to impose taxes on mines and minerals-bearing lands under the Constitution.
'Historically, many chief financial officers have not been comfortable with investing today for indirect value in the future.' 'This reluctance can skew investment allocation to tactical versus strategic outcomes.'
rediffGURU Mahesh Padmanabhan answers readers' personal income tax queries.
Given the prevailing employment market, uncertainty in the United States and the exorbitant expenses associated with studying abroad, it would be prudent for your son to acquire professional experience in India initially, advises rediffGURU Pananjay Tiwari.
Manu Bhaker hopes her Paris feat is just the start for India's women athletes
'My trajectory right now is five steps forward, two steps backwards.'
The World No. 10 Prannoy was the latest to be eliminated on a day when Sameer Verma, mixed doubles pair of Sikki Reddy and B Sumeeth Reddy along with women singles player Aakarshi Kashyap drew blanks.
Ronald Rowe Jr said that the suspect did not have a line of sight of Trump and was not able to get any shots off at the agents who were sweeping the course, according to a Politico report.
Recently, Enforcement Directorate (ED) attached assets worth Rs 757.8 crore of Amway India Enterprises in connection with an alleged marketing scam. It claimed that Amway was running a multi-level marketing scam. The ED provisionally attached immovable and movable properties worth Rs 411.83 crore and bank balances of Rs 345.94 crore from 36 different accounts belonging to Amway. Data from the Department of Economic Affairs shows that in 2021-22 (until December 2021), ED had provisionally attached Rs 8,989.3 crore worth of assets.
A bench of Justices Surya Kant and Ujjal Bhuyan directed the five-member committee to convene its first meeting within a week and reach out to the agitating farmers to persuade them to immediately remove their tractors, trolleys etc from the Shambhu border between Punjab and Haryana to provide relief to commuters.
The current spurt in the stock market is on account of strong fundamentals and robust corporate earnings and retail investors can look for buying opportunities to accumulate quality stocks, experts said.
Mehmood and R D Burman shiver, wail and flail when they encounter a stuffed tiger that wags its tail, furniture that moves on its own volition and dancing skeletons and mummies. Dinesh Raheja revisits a must-watch.
Banerjee, referring to violence-hit Bangladesh, said she would keep the doors of West Bengal open for people in distress from the neighbouring country and offer them shelter.
rediffGURU Radheshyam Zanwar, founder of Zanwar Classes, prepares aspirants for competitive exams such as MHT-CET, IIT-JEE and NEET-UG.
The government will look to standardise rules around operations protocol during failure of automatic signalling.
The Supreme Court on Friday got irked over a lengthy judgement penned by a single judge bench of the Delhi high court in a case related to an arbitral award involving media baron Kalanithi Maran and SpiceJet, saying there was no "application of mind". Suggesting that the case be now transferred to another judge by the Delhi HC, the top court said the judgement "has to be carefully articulated" and "the judge must apply mind to grounds of challenge and then deduce if interference is warranted". The strong observations against the single judge bench came from a bench headed by Chief Justice D Y Chandrachud during the hearing of an appeal by Kalanithi Maran and Kal Airways against a Delhi high court order setting aside an arbitral award asking the SpiceJet to refund Rs 579 crore plus interest to the media baron and his firm.
'It is not just the US and European opportunity, but it is a huge global opportunity.'
'There are a number of things we still have to improve because we thought we were better than we were in too many situations.'
The respondents were from over 22 states with 85 percent of them being under 35 years while 61 percent were interns or postgraduate trainees.
To pursue a job, DPharm candidates must complete two years of coursework, three months of hospital training, and then pass the exit exam. However, BPharm graduates can pursue a job right after completing their four-year course, informs rediffGURU Dr Nagarajan JSK.
An independent United States Congressional research report has alleged that the scope and scale of human rights abuses in India has increased under the leadership of Prime Minister Narendra Modi.
Describing the case as a "very hard one", the Supreme Court sought the Centre's response on Tuesday on a plea of a couple whose 30-year-old son has been lying in a vegetative state in a hospital since 2013 after suffering head injuries.
There is a need to incentivise R&D investments, offer corporate tax concessions and establish an effective intellectual property rights regime in order to push the growth of domestic pharmaceutical industry, as per the industry bodies. Outlining the sector's wish list for the upcoming Union Budget, Organisation of Pharmaceutical Producers of India (OPPI) Director General Anil Matai urged the government to explore methods to incentivise R&D investments, such as deductions on R&D expenses, research-linked incentives for MNCs, and corporate tax concessions.
In a huge setback to Tahawwur Hussain Rana, a United States court has ruled that the Pakistani-origin Canadian businessman could be extradited to India where is wanted for his involvement in the 2008 Mumbai terror attack carried out by Pakistan-based Lashkar-e-Taiba terrorists.
The judge directed the Delhi police to conduct its investigation "in all fairness" to find out candidates recommended in recent past who might have illegally availed of such benefits.
Dr Dipankar Dutta will answer your questions related to preparing for a career in engineering or technology.
In her Budget speech, Finance Minister Nirmala Sitharaman on Tuesday underlined the need for collaboration between the Centre and states to take up the next-generation reforms covering land, labour, capital and entrepreneurship. As far as revenue share goes, the government has projected to give about 32.5 per cent of central taxes to states during FY25, against the 15th Finance Commission's recommendation of 41 per cent, according to the Union Budget estimate.
UltraTech Cement's announcement that it would snap up a controlling stake in India Cements may only be a sign of more to come. In the wake of one of the country's most expensive deals in recent times, cement majors may slug it out to add smaller firms from the region to their portfolio. UltraTech's buy is the latest in the four deals the southern market has seen in less than a year, with Adani Cement being the other buyer.
'One of the aspects for transparency and fair governance is to give the industry being represented the chance of lobbying with the regulator.'
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