rediffGURU T S Khurana answers readers' personal income tax queries.
Uttam Ghosh offers his take on the Supreme Court constituting a national task force to ensure that allotment of medical oxygen to the states and Union Territories is done on a 'scientific, rational and equitable basis'.
Residents of a village in Maharashtra's Solapur district on Monday said they have planned a 'repoll' using ballots as the results of the recently-concluded assembly polls were 'doubtful' due to the presence of electronic voting machines (EVMs).
Soon after Gandhi's press conference, the Election Commission said it will respond with full facts in writing.
Bank of Baroda, a state-owned bank, in its quarterly update on Friday said its domestic deposits grew 9.23 per cent year-on-year (Y-o-Y) in October-December (Q3FY25) at Rs 11.65 trillion, while advances increased 11.76 per cent Y-o-Y at Rs 9.63 trillion, outpacing deposit growth during the period. Domestic retail advances grew at a robust 19.5 per cent Y-o-Y to Rs 2.43 trillion.
Uttam Ghosh offers his take on Jyotiraditya Scindia's decision to dump the Congress on Tuesday and join the BJP on Wednesday.
India's healthcare and pharmaceutical sectors raised Rs 14,811 crore through initial public offerings (IPOs) in 2024, the largest since 2019, driven by strong domestic demand amid expanding global opportunities. According to data, key contributors to the record fundraising included Sai Life Sciences (Rs 3,043 crore), IKS Health (Rs 2,498 crore), and Sagility India (Rs 2,107 crore).
Uttam Ghosh offers his take on election promises.
Mint Road, on December 21, 2023, flagged the role of self-regulatory organisations (SROs) in strengthening the compliance culture in regulated entities (REs) and providing a consultative platform for policymaking. It also decided to issue an omnibus framework for SROs.
'There's a misconception that all Rs 1 lakh crore will be spent immediately, leading to higher consumption of FMCG goods, travel, and vehicle purchases.' 'While some of this money will go toward consumption, not all of it will.' 'The impact depends on where people deploy their savings.'
Gross GST collections grew 8.5 per cent to over Rs 1.82 lakh crore in November on account of increased sales spurred by the festive season.
Uttam Ghosh wonders when Prime Minister Narendra Damodardas Modi's promise of Acche Din will become a reality.
Raj Kumar Pal struck a hat-trick
To ease the potential liquidity stress, the Reserve Bank on Friday slashed Cash Reserve Ratio (CRR) by 50 basis points to 4 per cent, a move that would unlock Rs 1.16 lakh crore bank funds. The RBI on May 4, 2022 had raised CRR to 4.5 per cent from 4 per cent in an off-cycle Monetary Policy Committee (MPC) meeting, with effect from May 21 the same year.
Will the National Monetisation Pipeline revive the economy, which is in deep crisis, wonders Uttam Ghosh.
The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.
UPI-related frauds have accounted for a cumulative loss of Rs 2,145 crore across 2.7 million reported incidents.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Uttam Ghosh asks if Mamata Banerjee plans to make the Congress redundant in the run-up to the 2024 elections.
State Bank of India, HDFC Bank and ICICI Bank have again been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India. The Reserve Bank on Wednesday came out with the list of D-SIBs.
'Consider 40% to 50% in equities, 10% in gold as a hedge, and the remaining 30% to 40% split between multi-asset funds and hybrid funds.'
Uttam Ghosh offers his take on Prime Minister Modi feeding peacocks when hundreds of millions of his countrymen have been savaged by the lockdown-ravaged economy.
Uttam Ghosh offers his take on the Sena versus Ranaut take.
When investing in fixed-income products, balancing considerations like safety, liquidity, and income is essential.
Shares of state-owned bank stocks were under pressure on Monday due to muted deposit and credit growth numbers reported by these lenders in the October-December quarter (Q3) of 2024-25 (FY25). The Nifty PSU Bank index was down 4 per cent, with Union Bank of India emerging as the biggest loser as its shares fell 7.5 per cent to close at Rs 114.7, followed by a 5.7 per cent drop in shares of Bank of Baroda (BoB) to Rs 228 and a 4.7 per cent slide in shares of Bank of India to Rs 99.8 on the National Stock Exchange.
Around Rs 1 trillion, or a fifth of the investments made by alternative investment funds (AIFs) are questionable in terms of the intent behind the investments and are under the scanner for circumvention of regulations, said Ananth Narayan, whole-time member of Securities and Exchange Board of India (Sebi). AIFs are pooled investment vehicles that invest in a variety of assets including real estate, startups, unlisted companies, and derivative strategies in the listed space.
Uttam Ghosh offers his take on how the Government, the opposition eyes the Galwan valley.
According to Tirupati district superintendent of police L Subbarayudu, Nagaraju (24), who is the victim's maternal uncle, lured the girl to a secluded place in AM Puram village by offering her snacks on Friday evening and committed the crime.
How long will Mehbooba be treated thus for her apparent refusal to go along with what the Modi Sarkar want? Uttam Ghosh offer his take on the unsavoury episode.
Two cheetah cubs born to African cheetah Neerva were found dead and their mutilated carcasses were recovered at the Kuno National Park (KNP) in Sheopur district of Madhya Pradesh. The carcasses of the two newborns will be cremated on Thursday as per norms. Samples from the dead cubs were collected and sent for examination and the exact cause of their death will be known only after getting the lab report. All adult cheetahs, including Neerva, and the rest of the 12 cubs at the Kuno park are healthy, the official said. With 12 of those cubs surviving, the count of cheetahs at KNP was last reported to be 24.
'Health and motor insurance will continue to be our two most important segments'
It is not just the secondary market that is witnessing a revival in fortunes. Even the initial public offering (IPO) market have roared back to life, with investors submitting bids worth over Rs 2.2 trillion on the three IPOs that wrapped up on Friday. Fashion retailer Vishal Mega Mart (VMM)'s IPO (fifth largest of the year) garnered 27.3x subscription, with bids exceeding Rs 1.6 trillion.
Uttam Ghosh offers his take on how Trump -- who wants to build a wall between his country and Mexico -- may react to the Gujarat wall on his visit to Ahmedabad on Monday.
Wholesale price based inflation declined to a 3-month low of 1.89 per cent in November on cheaper food items, and experts predicted a 0.25 per cent interest rate cut by the RBI in the policy review in February. The Wholesale Price Index (WPI) based inflation was 2.36 per cent in October 2024. It was 0.39 per cent in November, last year. In August, 2024, it was 1.25 per cent.
'The shifts in US involvement in global conflicts and geopolitical alliances could introduce uncertainties.'
The ruling Mahayuti alliance bagged 53 of the 70 assembly seats in the region.
Uttam Ghosh offers his take on the government's decision to transport migrant workers, stranded during the lockdown, to their villages.
'Journalists must ask the Mumbai police why are they sending notices via X to cartoonists.' 'The Mumbai police must come clean. Who is giving them such orders?'
On the contentious issue of cutting trees in Mumbai's Aarey forest, the BJP and Sena appears to be on opposite sides, as Uttam Ghosh notes in his take on the Aarey controversy.
Uttam Ghosh offers his take on how the migrants's plight has been aggravated by the erratic management of Shramik trains by the Indian Railways, headed by Railways Minister Piyush Goyal.
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