Mortgage firm HDFC Ltd on Wednesday announced sale of a 10 per cent stake in its private equity arm HDFC Capital Advisors to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for about Rs 184 crore. ADIA is also the primary investor in the alternative investment funds managed by $3 billion-HDFC Capital. Set up in 2016, HDFC Capital is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 and 3; and is aligned with the government's goal to increase housing supply and support the Pradhan MantriAwas Yojana - 'Housing for All' initiative, HDFC Ltd said in a statement.
Extreme poverty in India declined by 12.3 percentage points between 2011 and 2019, with rural areas doing better than urban centres, according to a working paper of the World Bank. India has not released a new household consumption survey since the NSS from 2011. By extension, the country has not released any official estimates of poverty and inequality for over a decade now, added the paper co-authored by economists Sutirtha Sinha Roy and Roy van der Weide.
Stories of rural India, campus capers, realistic family dramas and urban romance that are no longer picked up by film-makers, find their way to the Web, and the viewing experience is richer for the variety available.
The IMD director said, the cyclonic storm Tauktae in the Arabian sea is moving away from the Kerala coast and is now approaching the Karnataka coast.
Sukanya Verma raises a toast to the man and his movie magic.
BJP president JP Nadda, Home Minister Amit Shah and Defence Minister Rajnath Singh were among those who attended the meeting.
Rajasthan Chief Minister Ashok Gehlot called Sachin Pilot a gaddar (traitor) on Thursday and said he cannot replace him as he had revolted against the Congress in 2020 and tried to topple his own government.
The statutory resolution demanded that the Tribunals Reforms Bill be send to the select committee of the House, however, it got negated.
Counting of votes began on Sunday for lakhs of panchayat seats in Uttar Pradesh, a process expected to take two days across 829 centres. There were scuffles involving the supporters of candidates in three districts and social distancing to fight the spread of coronavirus went for a toss at several places, reports said.
Malik said he is forwarding a letter written by 'someone in NCB about the various illegal activities of Wankhede' to the agency's DG S N Pradhan.
Senior Congress leader P Chidambaram on Thursday took a swipe at the BJP over the cut in excise duties on petrol and diesel, saying the results of the 30 assembly and three Lok Sabha by-elections have "produced a by-product".
Uttam Ghosh offers his take on Sunday's event where millions of Indians lit diya
'Economic issues do not matter during elections; it is the emotional connect that helps swing votes.'
A house constructed under the Pradhan Mantri Awas Yojana (PMAY) on government land was demolished in Khargone city of Madhya Pradesh following violence on Ram Navami.
The National Disaster Response Force (NDRF) has directed its rescue teams to ensure that the country's major medical oxygen generation plants based in Odisha and West Bengal are 'running and alive' during Cyclone Yaas that is developing in the Bay of Bengal, a senior officer said.
A vacation bench of Justices Surya Kant and J B Pardiwala was told by advocate Sudhanshu S Choudhuri that the two MLAs have been booked for offences under the Prevention of Money Laundering Act (PMLA) and are in jail.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Petrol and diesel prices on Thursday climbed to fresh highs in the country as rates were hiked by the most in recent times, even as fuel retailers said the government can cut taxes to ease consumer burden. Petrol and diesel price was hiked by 35 paise per litre each after a gap of a week, according to price notification of state-owned fuel retailers. The increase took petrol prices to a fresh high of Rs 86.65 a litre in Delhi and to Rs 93.20 in Mumbai.
A round-up of Day 2 of the Ranji Trophy matches played on Wednesday.
A total of 22.05 crore applications were received during the period.
A few years ago, when top officials of Indian state-run refiners went to Dubai to negotiate a crude oil supply contract, a senior official from state-owned Saudi Aramco told them, "We can negotiate on anything, but I am the last man standing for you. "Nobody can offer the range of crudes we do with certainty," an official who was part of the negotiating team recalls. Perhaps that explains why Saudi Arabia is less concerned about losing its place as India's premier oil supplier to an upstart like Russia, which emerged from nowhere to become India's biggest crude oil supplier in September and October.
Speaking during a video interaction with Pradhan Mantri Garib Kalyan Anna Yojana beneficiaries from Madhya Pradesh, he also said that there was 'vikriti' (distortion) in the system of the previous government.
Several MLAs loyal to Gehlot, who was seen as the frontrunner for the post of Congress national president, had last week submitted resignation letters over a possible move to appoint Pilot as the next chief minister.
'The decision to supply free food grains is not an economically sound decision because the government will find it very difficult in future to charge anything for food grains.'
Initially, the additional free benefit under the PMGKAY was provided for a period of three months (April-June 2020) to ameliorate distress caused by the COVID-19 pandemic. However, with the crisis continuing, the programme was extended for another five months (July-November 2020).
The five women were arrested after interrogation by the police team probing the case, a police official told PTI.
Out of Rs 86200.65 crore, Rs 83,000 crore have been allocated to the department of health and family welfare while Rs 3200 crore have been allocated to the department of health research.
The 61-year old leader will take oath as the Chief Minister of Karnataka from Governor Thaawarchand Gehlot at the Raj Bhavan on Wednesday at 11 am.
Chhattisgarh Chief Minister Bhupesh Baghel on Sunday said he was yet to receive minister T S Singh Deo's resignation from the panchayat department and that he learnt about the latter's move through media.
However, the affected family has rejected the offer as of now citing security concern and the administration said no formal order has been issued with regards to their relocation.
All the real and imagined achievements of the Modi government's first year in power during its second term in power has been dwarfed by the worst human crisis India has seen in 70 years.
President Ram Nath Kovind on Monday said the country's farm production and procurement increased during 2020-21 crop year despite the pandemic and agricultural exports reached a record level of Rs 3 lakh crore during the same period. In his address to the joint sitting of both Houses of Parliament at the start of the Budget session, Kovind said the government is focusing on making the country self-sufficient in edible oils besides making special efforts to promote organic farming, natural farming and crop diversification. "My government is working continuously to empower the farmers and the rural economy of the country... I would like to give maximum credit to the small farmers of the country for this consistent success and strengthening of the agriculture sector," he said.
Of the total cash outgo Rs 40,000 crore is towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program and Rs 33,771.48 crore have been sought for direct benefit transfer under Pradhan Mantri Jan Dhan Yojana and National Social Assistance Programme.
The approval is in addition to the existing scheme for the wage months of March to May, 2020 approved on April 15, 2020. The total estimated expenditure is Rs 4,860 crore and over 72 lakh employees in 3.67 lakh establishments will be benefitted.
According to an Election Commission statement, the two have decided not to avail exemption from income tax on sumptuary allowance and to surrender two of the three Leave Travel Concessions (LTC) available each year.
The duo has been victorious multiple times from Sultanpur and Pilibhit. In the recent rejig of the BJP national executive committee, the two were also dropped from that list.
Addressing a summit in Varanasi on the implementation of the National Education Policy, Modi said the system should not just produce degree-holders but provide human resources needed to take the country forward.
The NCB has widened its probe into a recent seizure of about 50 kg of heroin from a house in south Delhi's Shaheen Bagh area with the arrest of three more people on Friday, officials said.
Prime Minister Modi will invite all Olympics participants to his residence for the interaction, in addition to the programme at the Red Fort.
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