Global fund managers witnessed one of their largest-ever declines in assets under custody (AUC) during the ongoing correction in the Indian markets, as stocks came under pressure from foreign outflows and the weakening rupee.
Headline growth was quite weak heading into the Covid period but averaged 6.4 per cent and 6.7 per cent in the five years between FY16 and FY20 for GVA and GDP respectively, points out Abhishek Upadhyay.
'If they aim to remain aligned with the public sentiment, as any democratic government should, then they must respond. Why else would the prime minister have cut short his visit to Saudi Arabia? And why would he have instructed the home minister himself to travel to Srinagar to assess the situation firsthand? This suggests that something is indeed being planned. I am quite certain of that, although the exact form it will take remains to be seen.'
Reigning world chess champion D Gukesh has stated that he is open to competing in all formats of chess, including the newly popular freestyle format, but believes that classical chess, with its rich history, will always hold the greatest significance. Despite concerns of a potential split in the sport between supporters of freestyle and classical chess, Gukesh sees no reason for division, highlighting the excitement of freestyle while acknowledging the importance of the traditional format's legacy.
Indo-Canadian Anita Anand and Delhi-born Kamal Khera are part of new Canadian Prime Minister Mark Carney's cabinet. Anand is the Minister of Innovation, Science and Industry while Khera is Minister of Health. Carney's cabinet with 13 men and 11 women is smaller than Trudeau's 37-member team.
'Post COVID, people are much more enthusiastic about going to concerts.' 'The live music scenario has suddenly become very relevant to people's lives.' 'They see that it is cooked on the spot.'
The time is ideal for a 'Dream Budget' akin to the 1991 reforms that sparked high growth and unlocked significant gains in productivity, points out Rajeswari Sengupta.
Rajiv Kumar, the 25th chief election commissioner of India, has demitted office after a nearly three-year tenure marked by both electoral successes and allegations of bias from opposition parties. Kumar oversaw the 2024 Lok Sabha elections and the Jammu and Kashmir assembly polls, among other major elections. During his tenure, he implemented reforms across various aspects of the Election Commission's functioning, including structural, technological, capacity development, communication, international cooperation, and administration. However, he faced criticism from opposition parties and activists on several issues, including the efficacy of Electronic Voting Machines, alleged fudging of voter data, and being "lenient" on the ruling BJP. While the Commission responded to the allegations, Kumar often defended himself and the poll authority through poetry. In his farewell address, Kumar expressed concerns about the timing of petitions raising doubts over poll processes and the impact of freebie promises on the fiscal health of the state. He also criticized the practice of showing early trends on counting day by news channels, calling it "nonsense". Kumar's tenure was marked by numerous controversies, with opposition parties and activists alleging bias and irregularities. While the Election Commission defended its actions, the allegations cast a shadow over his time in office.
It was a protest which held a mirror to the government of a state taking pride in its commitment to democracy, gender equality and social indices.One person, who in his employed days had known governments and political parties at close quarters, told me that public perception of how the Kerala government handled the ASHA workers' strike had been terrible, reports Shyam G Menon.
India has improved its ranking in the World Happiness Report 2025, climbing to 118th from 126th last year. However, it still lags behind neighbouring countries like Nepal, Pakistan, and Ukraine. Finland has topped the list for the eighth consecutive year. The report emphasizes the impact of caring and sharing on happiness, highlighting how sharing meals increases happiness. It also notes a decline in wellbeing in the United States, which has dropped to its lowest ever position at 24th.
The "weaponisation" of economic activity - through tariffs and sanctions - is now a reality, with countries leveraging these tools strategically, External Affairs Minister S Jaishankar said at the Raisina Dialogue recently.
It will be interesting to see what shifts have been recorded in the last decade-and-a-half -- from the effects of demonetisation and Covid's second wave to the drop in fertility and increase in farm workers -- but we will only know this if and when the Census is conducted, points out Aakar Patel.
The Supreme Court has quashed a chargesheet against a retired Army officer in an alleged rape case, calling it an "abuse of process of law". The court found that the complainant's testimony showed no offense and the FIR deserved to be quashed. The court also noted that the Delhi High Court erred in its decision of not quashing the chargesheet. The complainant, a woman, had filed multiple FIRs against different persons, allegedly blackmailing them for money. The court concluded that the former Army officer was a "victim of an unscrupulous abuser" of law whose modus operandi was to extort money by misusing the rape and molestation laws.
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
Thackeray also drew a comparison between the current regime and Hitler.
Several states have been reporting an uptick in the number of COVID cases over the last few weeks and nine states and Union territories have so far detected the presence of the JN.1 sub-variant of the virus.
After adding 11.7 million workers in the October 2022-September 2023 period from the pandemic lows in April 2021-March 2022, total workers employed in the vast informal sector in India - at 109.6 million - still remains below the pre-pandemic period.
It is similar to top-up health insurance plan, but provides for one or more claims cumulatively crossing the threshold limit.
Of the fresh cases, nine were caused by JN.1, increasing the number of infections tied to the new sub-variant in the state to 10, it said.
Prime Minister Narendra Modi received a tri-services ceremonial welcome in Colombo, Sri Lanka, marking the first time such an honor has been bestowed upon a foreign leader. The welcome took place at the historic Independence Square, the venue for national day celebrations. Modi's visit comes as Sri Lanka shows signs of recovery from a recent economic crisis, with India playing a significant role in providing assistance. During the visit, both leaders are expected to discuss a range of issues, including defense cooperation, energy, and digital initiatives.
The Supreme Court of India has refused to halt the redevelopment project of Dharavi in Mumbai, allowing the Adani Group to proceed with their project. The court rejected a plea from Seclink Technologies Corporation, the original highest bidder for the project in 2018, which challenged the tender process and the award to Adani Properties Pvt Ltd in 2022. The court directed Adani Properties to make payments through a single bank account and ordered Seclink Technologies to file an affidavit detailing their increased offer for the project. The project work has already commenced, with constructions underway and 2,000 people employed on the site.
Team India pacer Mohammed Siraj welcomed the BCCI's decision to lift the ban on using saliva to shine the ball ahead of IPL 2025, saying it will aid "reverse swing" even in unfriendly conditions.
'But it is only now being detected more via a test that costs about Rs 15,000 to Rs 20,000.' 'The HMPV virus typically causes mild respiratory symptoms in most people, but can be more severe in young children, the elderly, and those with compromised immunity.'
'These beach shacks were meant to protect the employment of local Goans who in turn would showcase Goan cuisine and culture on the beaches of Goa.'
The official said multiple samples were sent for genome sequencing, and one of them tested positive for the JN.1 variant.
With Christmas and the New Year approaching, doctors at some hospitals in the city also referred to the detection of the first case of the new JN.1 variant of the coronavirus in the country and asked people to exercise extra caution.
The ICMR-National Institute of Virology has been regularly undertaking studies to understand the protective efficacy of COVID-19 vaccines against emerging variants.
'The launch of Nila, our very first satellite was very emotional as well as nerve wracking. We tried to calm ourselves by cracking some poor jokes!'
Ten states and Union Territories have so far detected the presence of the JN.1 sub-variant of the virus.
'No matter how much you get paid or how successful you get, nothing can match the fauj.'
India has proposed to conduct all those disciplines that were axed from the 2026 Commonwealth Games to ensure that the country's medal tally is not affected when the event is held in Glasgow.
The Supreme Court of India expressed concerns about the long-term sustainability of providing free rations to migrant workers, emphasizing the need for job creation and capacity building instead. The court's remarks came during a hearing on the ongoing issue of providing relief to migrant workers, a matter that gained prominence during the COVID-19 pandemic. The court questioned the government's reliance on freebies and stressed the importance of creating opportunities for migrant workers to become self-sufficient. The debate highlighted the challenges of balancing immediate relief with long-term economic solutions for vulnerable populations.
Having missed the target for the current financial year, Finance Minister Nirmala Sitharaman on Saturday proposed to spend Rs 11.21 lakh crore towards capital expenditure (capex) for FY26. However, the capex target is going to be missed by about 93,000 crore for the current financial year.
P K Mishra, a retired IAS officer of the Gujarat cadre, is currently serving as the principal secretary to the prime minister.
New rules, new captains, but same excitement as two months of cricket extravaganza kicks off in Kolkata.
Tahawwur Rana, accused in the 2008 Mumbai terror attacks, has renewed his plea for a stay on his extradition to India, citing health concerns and alleging potential torture. He argues that his extradition would violate US law and the UN Convention Against Torture. Rana's lawyers claim he is at risk of being subjected to torture in Indian detention facilities due to his Pakistani origin, Muslim religion, and medical conditions. The US Supreme Court had previously denied his emergency bid for a stay, but he has now appealed to Chief Justice John Roberts. The US government has declined to provide information on any commitment from India regarding Rana's treatment, further fueling his concerns.
Tahawwur Rana, accused in the 2008 Mumbai terror attacks, has renewed his application to the US Supreme Court seeking a stay of his extradition to India. The Supreme Court will hear the application next month. Rana, currently detained in Los Angeles, claims his extradition would violate US law and expose him to torture in India due to his health and Muslim background. The US government has denied these claims and authorized his surrender to India, citing the Extradition Treaty between the two countries. The Supreme Court's decision will determine if Rana will face justice in India or remain in the United States.
The Maldives government has set a target of attracting 300,000 Indian tourists in 2025, aiming to regain its position as a top destination for Indian travelers. The country's tourism sector has been impacted by strained relations between Male and New Delhi, which led to a decline in Indian tourist arrivals in 2024. To revive the Indian tourist market, the Maldives is planning a major campaign, including a brand ambassador, cricket summer camps, and expanded flight routes from more Indian cities.
Hero MotoCorp anticipates a big rebound in two-wheeler (2W) sales in rural India over the next four to eight quarters, driven by favourable factors such as a decent monsoon, rising crop prices, improved employment conditions, and increasing consumer confidence, its chief executive officer (CEO) Niranjan Gupta said on Wednesday. Amid tepid rural sales, he stated that there is a "strong case" for GST (goods and services tax) on entry-level two-wheelers, which are under 125 CC, to be moved down from 28 per cent to 18 per cent as they are used by "masses".
Mumbai terror attack accused Tahawwur Rana has moved an 'emergency application' with the United States Supreme Court against his extradition to India, claiming that he will be tortured there since he is a Muslim of Pakistani origin.
