With a UK court ruling in favour of the extradition of fugitive diamond merchant Nirav Modi, wanted in India on charges of fraud and money laundering in Punjab National Bank (PNB) scam case, Mumbai's Arthur Road jail has kept a special cell ready to lodge him, an official said on Friday.
Finance Minister Nirmala Sitharaman will present her second Budget a little more than a month from now. Like any other FM, Sitharaman will depend on her team of bureaucrats and advisors to frame and present the Budget.
India's industrial production contracted by 3.6 per cent in February, official data showed on Monday. According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), manufacturing sector output declined by 3.7 per cent in February 2021. Retail inflation rose to 5.52 per cent in March, mainly on account of higher food prices, government data showed on Monday. The consumer price index (CPI) based retail inflation stood at 5.03 per cent in February.
In all, RBI has cut interest rates by 110 bps this year. But this has not yet led to a boost in economic activity. While the growth rate has slowed to a five-year low, consumer confidence is waning and foreign direct investment has plateaued.
Concern is growing among healthcare experts who believe that if people do not follow the lockdown or social distancing seriously, the situation can quickly go out of control.
Some companies are sitting on huge piles of cash.
Asian shares ended higher after a string of positive US economic data.
Polling for the 288-seat Assembly is being held in a single-phase on Wednesday.
As people wait in long queues outside banks, they appear happy that the ban on Rs 500 and Rs 1,000 notes will unearth black money and root out corruption.
The Covid-19 pandemic has forced a whopping 8.7 lakh expatriates from Kerala to return home, most of them from the Gulf, since last May, with a majority of 5.67 lakh citing job loss as the reason for it, according to official data.
More than 1,600 people died due to extreme weather conditions across the country last year, with severe heat wave claiming the largest chunk of the total deaths at 40 per cent, followed by flooding and lightning.
These firms reported a combined operating profit of Rs 26,077 crore (Rs 260.77 billion).
'The UPA was the gang that couldn't shoot straight. The NDA is the gang that can't stop shooting. They (the Modi government) are shooting at anybody, everybody, all directions, shooting themselves in the foot.'
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.
Offshore lenders to bankrupt Enron Corp's $2.9 billion Indian power plant in Dabhol want to terminate the power purchase agreement with Maharashtra State Electricity Board, a statement from a consultant of the banks said.
The subsidy will be credited to bank accounts of farmers against cane price dues and are compliant with WTO norms. This will benefit millions of farmers in Uttar Pradesh, Maharashtra and Karnataka.
'There has been a marked increase in four types of cases.' 'One is fraud related to online deliveries, online shopping and online groceries and liquor.' 'Second fake news, third hate speech and fourth sextortion.'
Bihar, Uttar Pradesh and Jharkhand will have to do a significant amount of catching up.
Strangely, a few days after filing the charges, the CBI teams arrived in Hyderabad and Mumbai to raid GVK's offices and found incriminating evidence, a reversal of the normal course of events.
China accounts for 90% of imports of mobile phones to India.
Where do the four members of the Supreme Court appointed panel to interface with farmers stand on the Modi government's farm laws?
There are many such young men in Maharashtra, mainly in the industrially backward Marathwada region, who had once fallen victim to ISIS's propaganda but are now leading a normal life with the help of the employment training programme.
India's overall retail inflation eased to 4.41 per cent in September, helped by falling commodity prices, but rural inflation was at 5.05 per cent
This permission was given some time late last month, before the Reserve Bank of India (RBI) on March 31 issued the indicative borrowing calendar for the states for April-June and the one for the Centre for April-September.
Chandrakant Khaire said his party -- the partner of the Bharatiya Janata Party in the National Democratic Alliance - was not consulted on the decision of NDA MPs sacrificing 23 days pay to protest the disruptions in Parliament.
Analysts attribute this fall to the recent moderation in energy (mainly crude oil) and commodity prices, lowering of input costs for companies in sectors such as FMCG, consumer durables, and automobiles, reports Krishna Kant.
The slowdown is especially pronounced in rural areas, which have suffered two consecutive dry years.
'Whatever ED officers do -- issue summons, conduct searches or arrest a person -- they have to face the courts.'
Under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, the Centre provides an annual financial benefit of Rs 6,000 to eligible beneficiary farmers in three equal four-monthly installments of Rs 2,000 each.
"People forgot about income for farmers. But for the first time, this thinking has been changed," he said and listed steps the Centre has taken for the welfare of farmers.
'Unless the State is a welfare State, unless the State has more welfare measures, it will not be able to deal with these kind of sudden situations.'
Overwhelmed by emotion after getting his maiden India call-up, batsman Ruturaj Gaikwad said he would be banking on his ability to adapt quickly when he tries to make an impression during the upcoming limited overs tour of Sri Lanka.
'The people of India have not only challenged the ruling dispensation with the constitution, they have also opened the eyes of the leadership that sits in the Opposition.'
Here are glimpses of some of the celebrations.
How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.
Ahmedabad is home to the strangest of cuisines and is a city of contrasts, if you look beyond the tourist places.
Fit-again India all-rounder Hardik Pandya is attempting to make his comeback by taking part in the D Y Patil T20 tournament, starting in Mumbai, on Monday. Shikhar Dhawan and Bhuvneshwar Kumar are also on their road to recovery after sustaining injuries.
Experts believe that under-reporting is likely to cause an underestimation of the spread of the disease.
In the last of a six-part series Sanjay Jog discovers that if the government and beedi employers don't act now, there could be social unrest soon.
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