News for '-usag'

Debt To Wealth: Young People, Read This!

Debt To Wealth: Young People, Read This!

Rediff.com17 Mar 2025

'Understand your financial goals. Next, categorise them by size. Then evaluate your investment options.'

'Consumers should not pay higher taxes for clean technologies'

'Consumers should not pay higher taxes for clean technologies'

Rediff.com7 Apr 2025

'We are not asking for incentives, but at least taxation can be aligned such that the rupee tax on consumers remains the same.'

Ola Electric: Can It Spark EV Adoption?

Ola Electric: Can It Spark EV Adoption?

Rediff.com26 Mar 2025

Why has the shift from ICE to electric slowed down despite initial enthusiasm?

How India can become a high-income country

How India can become a high-income country

Rediff.com20 Feb 2025

For India to transform into a high-income country with a projected gross domestic product (GDP) of $23-35 trillion, will need a sustained annual growth of 8 per cent to 10 per cent. This will be powered by India's demographic dividend, technological innovation, and sectoral transformation, according to the "India@2047: Transforming India Into A Tech-Driven Economy" report by Bain & Company and Nasscom. By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both playing a pivotal role in economic expansion.

Why Modi Chose To Speak In Parliament On Maha Kumbh

Why Modi Chose To Speak In Parliament On Maha Kumbh

Rediff.com26 Mar 2025

Besides the not-so-hidden unease between Modi and Adityanath, Modi chose to address the Lok Sabha to ensure that he could personally claim all the kudos, observes Nilanjan Mukhopadhyay.

More than 90% taxpayers may switch to new regime: CBDT chief

More than 90% taxpayers may switch to new regime: CBDT chief

Rediff.com2 Feb 2025

The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 per cent of individual taxpayers to embrace the new tax regime as compared to the about 75 per cent as of now, CBDT Chairman Ravi Agrawal said. Agrawal also highlighted the government's focus on "non-intrusive" tax administration through enhanced use of Artificial Intelligence (AI) and simplified tax processes for common taxpayers. He emphasized the benefits of the new tax regime (NTR), which offers simple calculations and allows taxpayers to file their ITR without professional help. The CBDT chief stated that the Budget provisions related to income tax payment benefit all income earners, not just those earning Rs 12 lakh per annum, creating a positive sentiment in the economy and propelling growth. The department is also harnessing technology, including AI and data analytics, to widen and deepen the tax base, resulting in increased compliance and tax revenue. Agrawal further highlighted the positive impact of data availability and simplified tax processes on compliance rates, citing examples of taxpayers filing revised returns and paying taxes after being prompted by the department's data analysis.

Calcutta HC allows RSS rally in Bardhaman, limits attendance

Calcutta HC allows RSS rally in Bardhaman, limits attendance

Rediff.com14 Feb 2025

The Calcutta High Court has granted conditional permission to the Rashtriya Swayamsevak Sangh (RSS) to hold a rally in West Bengal's Purba Bardhaman district on February 16, despite objections from the state government. The court allowed the event, which will be addressed by RSS chief Mohan Bhagwat, on the condition that the organizers keep the crowd size and sound levels under control and ensure that students taking secondary exams are not disturbed. The event will be held at the Sports Authority of India (SAI) complex, which is located in a remote area and away from any schools.

Salvaging Marx From The 'Marxists'

Salvaging Marx From The 'Marxists'

Rediff.com15 Mar 2025

'If we truly wish to understand and apply Marx's insights today, we must reject the rigid dogmas that later 'Marxists' imposed in his name.'

Suspicious late-night radio signals detected near Indo-Bangladesh border

Suspicious late-night radio signals detected near Indo-Bangladesh border

Rediff.com10 Feb 2025

Amateur Ham Radio operators have picked up suspicious late-night radio signals in coded Bengali, Urdu and Arabic along the Indo-Bangladesh border in South Bengal over the last two months, raising concerns about possible extremist activities. The signals, which have been detected between 1 AM and 3 AM, are unusual in their pattern and language usage, according to Ham radio operators, who have reported the matter to authorities. The development comes amidst ongoing unrest in Bangladesh and growing anti-India rhetoric in the neighbouring country. Security agencies are investigating the matter, and the Border Security Force (BSF) has acknowledged the seriousness of the situation.

Maruti Rolls Out Scheme To Encourage EV Adoption

Maruti Rolls Out Scheme To Encourage EV Adoption

Rediff.com31 Jan 2025

MSIL, which currently has a subscription service that allows customers to lease its petrol-run and strong hybrid vehicles on a flexible, long-term basis without ownership commitments, will introduce a leasing service as well.

MG Cyberster EV To Debut In India In January 2025

MG Cyberster EV To Debut In India In January 2025

Rediff.com3 Dec 2024

The Cyberster is currently sold in the UK for about Rs 63 lakh and is expected to be priced between Rs 65 lakh and Rs 70 lakhs.

India to develop affordable AI model under Rs 100/hour: Vaishnaw

India to develop affordable AI model under Rs 100/hour: Vaishnaw

Rediff.com31 Jan 2025

He said that as compared to global models costing 2.5 to 3 US dollars per hour usage, India's AI model will cost less than less than Rs 100 per hour (1.16 US dollars per hour) after 40 percent government subsidy.

The Wonder World Of Indian English

The Wonder World Of Indian English

Rediff.com1 Jan 2025

Indian English is the only language that uses the expression 'non-veg' for meat, fish, and those who consume them. A fascinating extract from Shashi Tharoor's A Wonderland of Words: Around the Word in 101 Essays.

Internet usage grows faster in rural India; knowhow still a deterrent

Internet usage grows faster in rural India; knowhow still a deterrent

Rediff.com29 Jul 2022

The number of internet users in rural India increased 18 percent last year, faster than growth in urban areas and continuing a trend that started two years ago. Internet users in urban India increased 5 percent in 2021. Rural India has 351 million users, or 37 percent of people there, according to a report by the Internet and Mobile Association of India (IAMAI) and data analytics company KANTAR.

12 Bengal docs suspended over expired IV fluid death case

12 Bengal docs suspended over expired IV fluid death case

Rediff.com16 Jan 2025

The West Bengal government has suspended 12 doctors of Midnapore Medical College and Hospital for negligence following the death of a woman and four others falling ill after childbirth. The incident is alleged to have been caused by the administration of 'expired' intravenous fluid. Chief Minister Mamata Banerjee announced a compensation of Rs 5 lakh and a government job to the family of the deceased woman.

Reliance Q3 net rises 7.4% on rebound in retail, higher telecom earnings

Reliance Q3 net rises 7.4% on rebound in retail, higher telecom earnings

Rediff.com16 Jan 2025

Reliance Industries Ltd on Thursday reported a 7.4 per cent rise in its December quarter net profit, as its retail business rebounded and telecom earnings rose. Its consolidated net profit of Rs 18,540 crore, or Rs 13.70 per share, in October-December - the third quarter of April 2024 to March 2025 fiscal (FY25) - compared to Rs 17,265 crore, or Rs 12.76 a share, in the same period a year back, according to a stock exchange filing by the company.

M&M renames new EV brand BE 6e as BE 6

M&M renames new EV brand BE 6e as BE 6

Rediff.com7 Dec 2024

Mahindra & Mahindra on Saturday said it has decided to rename its new electric vehicle brand as 'BE 6' but noted that it will continue to contest strongly in court with InterGlobe Aviation for the trademark 'BE 6e'. InterGlobe Aviation, which owns IndiGo airlines, has taken the automaker to court over the usage of 6E in its new EV brand.

Market regulator Sebi extends MF expense structure to new asset class

Market regulator Sebi extends MF expense structure to new asset class

Rediff.com18 Dec 2024

Specialised investment fund (SIF), a new asset class, will have the same expense structure as that of mutual funds (MFs), according to rules notified by the Securities and Exchange Board of India (Sebi). SIF, which was first proposed by Sebi in July 2024, aims to fill the gap between MFs and portfolio management services (PMS), and it looks at informed investors, who are willing to take riskier bets.

How Coast Guard, Andaman Cops Seized $4.2 Bn Drugs

How Coast Guard, Andaman Cops Seized $4.2 Bn Drugs

Rediff.com11 Dec 2024

'This is the first case in which we saw use of Starlink by smugglers.'

Govt cuts gas allocation for LPG, diverts to city gas retailers

Govt cuts gas allocation for LPG, diverts to city gas retailers

Rediff.com3 Jan 2025

The government has slashed allocation of natural gas used for LPG production, and diverted the low-priced fuel to city gas retailers like Indraprastha Gas Ltd and Adani-Total Gas Ltd to meet a part of their requirement for CNG/piped cooking gas supplies, according an official order. The government had in October and November last year cut supplies of low-priced natural gas coming from old fields such as Mumbai High and Bassein fields in the Bay of Bengal, to city gas retailers by as much as 40 per cent in view of limited output.

ChatGPT Downtime: Wake-up Call For AI

ChatGPT Downtime: Wake-up Call For AI

Rediff.com13 Dec 2024

The outage raised broader concerns about the dependency on a few large tech companies controlling critical platforms.

Probe finds Andaman smugglers contacted India, used Starlink for navigation

Probe finds Andaman smugglers contacted India, used Starlink for navigation

Rediff.com28 Nov 2024

A probe into the biggest drug haul of 6,000 kg methamphetamine in the Andaman and Nicobar Islands has shown that the Myanmarese smugglers were using the Starlink satellite internet services for navigation through the mid-sea, a top police officer said on Thursday. Authorities suspect that the drug consignments may be linked to notorious international cartels, such as Tse Chi Lop's (the Chinese El Chapo) or Nemesio Oseguera Cervantes' (El Mencho) operations.

Best Business Ideas Under Rs 1 Crore

Best Business Ideas Under Rs 1 Crore

Rediff.com10 Feb 2025

India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.

K'taka BJP MLC Ravi gets bail after arrest for insulting minister

K'taka BJP MLC Ravi gets bail after arrest for insulting minister

Rediff.com21 Dec 2024

BJP MLC C T Ravi was arrested in Karnataka, India, for allegedly using derogatory language against Minister Laxmi Hebbalkar. He was released on bail by the High Court of Karnataka, which observed that police failed to follow proper procedures during his arrest. The incident has sparked a political showdown between the BJP and the ruling Congress in the state.

Controversy-ridden AIFF president gets life threat

Controversy-ridden AIFF president gets life threat

Rediff.com13 Sep 2024

The FIR also mentioned that the unidentified individual stated that Chaubey should be careful of his decisions and other actions.

2nd Test: Expect a rejig in batting order with Rohit's return

2nd Test: Expect a rejig in batting order with Rohit's return

Rediff.com26 Nov 2024

Rohit's numbers with the willow has been a bit underwhelming during the five home Tests but those were played on difficult tracks.

'Algo Trading Is Not Risk-Free'

'Algo Trading Is Not Risk-Free'

Rediff.com23 Dec 2024

Many enter this arena without a detailed understanding of how their algo works.' 'Diligently review information on the strategy, risk profile, potential losses, and expected gains before investing.'

Meta says it plans to appeal against CCI's Rs 213-cr penalty

Meta says it plans to appeal against CCI's Rs 213-cr penalty

Rediff.com19 Nov 2024

After the Competition Commission imposed a Rs 213-crore penalty on Meta in relation to WhatsApp privacy policy, the company said it disagrees with the watchdog's decision and plans to appeal. The Competition Commission of India (CCI) on Monday asked WhatsApp to refrain from sharing user data with other applications, owned by Meta, for advertising purposes for a period of five years.

Private banks leading AI adoption in banking services, says RBI study

Private banks leading AI adoption in banking services, says RBI study

Rediff.com22 Oct 2024

Private sector banks in India are taking the lead in the adoption of Artificial Intelligence (AI) in areas like fraud detection, customer segmentation, and chat automation, according to a Reserve Bank of India (RBI) study. The asset size and capital adequacy ratio are influencing the rate of adoption.

'Our India centre is a hub for global innovation'

'Our India centre is a hub for global innovation'

Rediff.com8 Jan 2025

'Our business continues to roll out its strategy, the role of this GDTC continues to grow.'

India Inc's capital expenditure to get lift from high capacity usage

India Inc's capital expenditure to get lift from high capacity usage

Rediff.com31 Oct 2023

Capital expenditure by Indian companies is likely to see an uptick in the upcoming quarters as capacity utilisation has surpassed the critical threshold of 75 per cent, and numerous companies have deleveraged their balance sheets, according to analysts. The first quarter of the current financial year has shown improved profitability, driven by a decrease in input prices. This, according to analysts at Care Ratings, should stimulate a revival in the private capex cycle.

ATMs to loans: All eyes on the road for finance world

ATMs to loans: All eyes on the road for finance world

Rediff.com6 Jan 2025

In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

Voltas' margins need to match growth trajectory for further gains

Voltas' margins need to match growth trajectory for further gains

Rediff.com28 Nov 2024

After a strong show during the September quarter (Q2FY25) and favourable demand conditions, going ahead, the country's largest player in the room air conditioner segment, Voltas is well placed to improve its market share. Expectations of record volumes in FY25 for the sector and the company's strategy of prioritising market share over margins could help the leader expand share in the room AC segment.

Car Owners, Know About PAYD Insurance

Car Owners, Know About PAYD Insurance

Rediff.com17 Sep 2024

'The PAYD model adjusts the premium based on your driving habits. If you drive less, you pay less.'

ED probe against Sidda's wife: Irregularities found

ED probe against Sidda's wife: Irregularities found

Rediff.com3 Dec 2024

Evidence of several irregularities have been detected in the transfer of 14 sites by the Mysuru Urban Development Authority (MUDA) to B M Parvathi, the wife of Karnataka Chief Minister Siddaramaiah, according to the Enforcement Directorate.

Small Town India Falls In Love With MFs

Small Town India Falls In Love With MFs

Rediff.com24 Dec 2024

More than 50 per cent of SIP accounts come from semi-urban and rural areas.

Meity plans jobs push in proposed electronic components PLI scheme

Meity plans jobs push in proposed electronic components PLI scheme

Rediff.com6 Sep 2024

The Ministry of Electronics and Information Technology (Meity) is looking at a proposal to generate 1.5-2 direct jobs for every Rs 1 crore invested by companies under the proposed electronic components production-linked incentive (PLI) scheme. If this plan fructifies, a Rs 10,000 crore investment under the proposed PLI scheme would bring with it the expectation of creating 15,000-20,000 direct jobs in electronic components sector.

Why 38% of IIT Graduates Are Unemployed

Why 38% of IIT Graduates Are Unemployed

Rediff.com28 Nov 2024

Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.

Experts explain why Delhi cracker ban went up in smoke

Experts explain why Delhi cracker ban went up in smoke

Rediff.com1 Nov 2024

Gaps in enforcement, limited monitoring, and easy access to firecrackers from the NCR region where restrictions were slack were largely responsible for the widespread flouting of the cracker ban in Delhi on Diwali, experts have opined.

LMV licence holders can drive heavy vehicles: SC

LMV licence holders can drive heavy vehicles: SC

Rediff.com6 Nov 2024

The judgment from a five-judge Constitution bench, led by Chief Justice DY Chandrachud, offers clarity on licensing regulations and is expected to prevent insurance companies from rejecting claims based on the type of licence of drivers involved in accidents.