Goldman Sachs expects gold to reach $3,150 per ounce in the international market by December 2025, up around 19.1 per cent from its current level of $2,645, according to a recent report in Business Standard. Domestically, gold is trading at Rs 76,018 per 10 grams after delivering a remarkable 21.9 per cent return in the past year.
The Employees' Provident Fund Organisation (EPFO) is considering raising the monthly minimum wage ceiling from Rs 15,000 now to improve the coverage and bring millions of informal workers under its purview. The last increase in the minimum wage ceiling was in 2014 to Rs 15,000 from Rs 6,500.
He said one of the objectives of the new National Education Policy, unveiled in 2020, was to reduce academic stress on students.
The Reserve Bank on Friday superseded the board of the city-based Abhyudaya Cooperative Bank on concerns emanating from "poor governance" and appointed an administrator to manage the affairs of the lender. In what can be seen as a step that should allay depositors' concerns, the central bank did not put any restrictions or moratorium on deposit withdrawals because of the comfort it gets on the bank's finances, according to people in the know. "(The) action is necessitated due to certain material concerns emanating from poor governance standards observed in the bank.
A day after it received Rs 32,403 crore GST demand, Infosys on Thursday said Karnataka state authorities have withdrawn the 'pre-show cause' notice to the company and directed it to submit further response to the Directorate General of GST Intelligence (DGGI) on the issue. India's second largest IT company had made headlines on Wednesday after GST authorities slapped a Rs 32,403 crore notice on it for services availed by the company from its overseas branches for five years starting 2017.
About 1.2 trillion tax evasion cases have been detected and as many as 59,000 entities identified for verification in order to ascertain whether they are fake.
According to the Mumbai police, the accused worked as a waiter at a restaurant, and a briefing regarding the case will take place later at the DCP zone IX office at 9 am.
A Bangladeshi national, Mohammad Shariful Islam Shehzad, who had illegally entered India and changed his name to Bijoy Das, was arrested in connection with the attack on Bollywood actor Saif Ali Khan. The attack occurred on January 16th in Khan's apartment in Mumbai. Shehzad entered Khan's apartment through a bathroom window and demanded Rs. 1 crore from a nanny. When Khan arrived, he was stabbed in the back by Shehzad. Police are investigating the possibility of an international conspiracy behind the attack.
An independent probe from the Commissioner of Railway Safety (CRS) is unlikely in the Jalgaon train tragedy due to the negligence of passengers, according to railway sources. The tragedy occurred when 12 passengers were killed after stepping down from their train due to a fire rumor and were struck by another train. Experts say the CRS probe is unlikely because the passengers' actions were deemed negligent. While the CRS is typically involved in serious railway accidents, the 1998 rules allow for discretion when deaths or injuries result from passenger negligence. Passengers had ample time to move to safer locations but remained on the side tracks, ultimately leading to the tragic incident.
Tata Consultancy Services (TCS) has cancelled a press conference scheduled on Thursday evening to announce its second quarter performance, company officials said. The press conference was originally scheduled at 1730 hours on Thursday.
A 16-year-old boy in Mumbai has been arrested for allegedly stabbing a man to death at Ghatkopar railway station after a dispute over a seat on a local train. The victim, Ankush Bhalerao, had slapped the boy during an argument on a train the previous day. The next morning, the boy attacked Bhalerao with a knife on the platform, resulting in his death. The teenager has been sent to a juvenile detention center.
Kangana Ranaut's film Emergency didn't get any relief on Wednesday from the Bombay high court which refused to pass any order in the wake of a directive by the Madhya Pradesh HC directing Central Board of Film Certification (CBFC) to consider objections to the movie before certifying it.
The contents of the report could not be immediately ascertained.
Opposing any move to set up a central madrassa board, Jamiat Ulema-i-Hind warned on Sunday that any attempt to meddle with traditional Islamic education system may lead to an "intense" backlash from the community.
Sources said that Langa and an unidentified employee of the Gujarat Maritime Board (GMB) have been booked on the charges of theft and under relevant sections of the Prevention of Corruption Act.
As on April 1, income tax arrears have increased to Rs 43 trillion from Rs 24 trillion on April 1, 2023.
Shah, the son of India's Home Minister Amit Shah, will have his task cut out as the ICC looks to find an acceptable solution to implement the 'Hybrid Model' for the Champions Trophy originally scheduled in Pakistan.
Net direct tax collection grew 21 per cent to over Rs 4.62 lakh crore so far this fiscal, on higher advance tax payment by corporates.
The Maharashtra government's decision came two days after the Centre cancelled the Central Board of Secondary Education Class 12 board exams citing the prevailing COVID-19 pandemic.
Sally Holkar left America and made India her home nearly 60 years ago. She went on a mission to revive a dying craft and changed the lives of rural weavers.
'The IPL provides a different ladder in terms of recognition.' 'If you do well, you will obviously get noticed and it enhances your selection into white-ball formats.'
Delhi's air quality improved for the second consecutive day on Thursday, with the Air Quality Index (AQI) recorded in the "moderate" category at 165. This marks a significant improvement from the "poor" category recorded on Tuesday. Several restrictions imposed under Stage 4 of the Graded Response Action Plan (GRAP) were lifted, but some restrictions under Stage 2 remain in place. The Decision Support System (DSS) has not been updated since Friday, with technical difficulties hindering the update of data for the last six days.
A court in New Delhi on Thursday refused to take cognisance of a chargesheet filed against Aam Aadmi Party MLA Amanatullah Khan in a money laundering case related to alleged irregularities in the Delhi Waqf Board and ordered his 'immediate release', saying his further incarceration in the matter would be 'illegal'.
It has been given an 'A' certificate, thereby cutting off a major chunk of Prabhas' fans: Kids.
Wing Commander Raveendran and flight steward Sargeant Iyer, though shaken and injured, managed to open the rear door of the aircraft and shouted for Prime Minister Morarji Desai and the passengers in the forward cabin to exit in haste since they suspected that fire would engulf the aircraft.
The Supreme Court of India will hear a plea from the mosque management committee challenging an order rejecting its petition in the Krishna Janmabhoomi-Shahi Idgah dispute in Mathura, Uttar Pradesh on January 15. The Allahabad High Court had rejected the mosque committee's plea, stating that the religious character of the Shahi Idgah mosque needed to be determined. The case involves claims that the mosque was built after the demolition of a temple, a claim disputed by the mosque committee. The Supreme Court will now decide on the maintainability of the mosque committee's plea.
Passengers of the Darbhanga Bagmati express that met with an accident at Kavaraipettai near Chennai on Friday night have left for Dharbanga by a special train on Saturday, the southern railway said.
Congress workers ransacked a car transporting an Electronic Voting Machine (EVM) to a strong room in Nagpur after polling concluded for the Maharashtra assembly elections, police said.
The India Meteorological Department (IMD) reported that very dense fog began forming around 5.30 am, resulting in a thick haze over different parts of the national capital.
The work to remove 377 metric tonnes of hazardous waste from the now-defunct Union Carbide factory in Bhopal has begun. The waste will be transported to an incineration site in Pithampur near Indore, around 250 km from Bhopal. The move comes after the Madhya Pradesh High Court ordered the authorities to clear the site, 40 years after the deadly gas leak that killed thousands and left hundreds of thousands with health problems.
Direct tax collection, net of refunds, moderately exceeded the revised estimates (RE) for the financial year 2023-24 (FY24) on the back of personal income tax revenues, but corporation tax receipts fell short of the RE. Net direct tax collection stood at Rs 19.58 trillion in FY24, surpassing the RE of Rs 19.45 trillion by Rs 13,000 crore, or 0.7 per cent. The government had revised up FY24 projections for personal income tax by 13.5 per cent over the Budget estimates (BE) of Rs 9 trillion, at Rs 10.22 trillion.
RBI had a board meeting recently.
The steep cut in Customs duty on silver in the FY25 Budget to 6 per cent from 15 per cent may provide the government temporary relief by checking the spurt in silver imports from the United Arab Emirates (UAE) under the Comprehensive Economic Partnership Agreement (CEPA). In FY24, silver imports from the UAE jumped to $1.7 billion from only $11.18 million in FY23, according to commerce department data. In May, about 87 per cent of India's silver imports came from Dubai.
As the Queen star found herself in the middle of a row, with the BJP distancing itself and the Congress attacking it, here's a look at some of the controversies, political and otherwise.
High nitrate levels have been found in groundwater of 440 districts across India, with 20 per cent of the samples collected exceeding the permissible nitrate concentration, the Central Ground Water Board (CGWB) has said in a report.
Last year, England switched to a new system of central contracts which was a departure from the previous separation of red-ball and white-ball deals, introduced by the ECB in 2016.
It provides for a broad-based composition of the Central Waqf Council and the State Waqf Boards and ensures the representation of Muslim women and non-Muslims in such bodies.
The income-tax (I-T) department has started scrutinising cases for the assessment year (AY) 2018-19 to determine which of them need to be reopened, a process that might result in a raft of tax notices. This follows this year's Union Budget move to reduce the time limit for tax reassessment from 10 years to five in cases of escaped income. The new provision becomes effective on September 1 and will make past assessments for AY 2018-19 time-barred.
Sources privy to the meeting told PTI that the top brass and other senior commanders of these forces were asked to keep a strict vigil against any illegal encroachment taking place in their respective areas of operations.
Two passengers died and 75 others were rescued after a speed boat crashed into a ferry off the Mumbai coast. The ferry, carrying 80 passengers and five crew members, was on its way to Elephanta Islands when the speed boat circled it before crashing into it. The Navy and Coast Guard launched a massive rescue operation, with 11 Navy boats, three Marine Police boats, and a Coast Guard boat deployed. Four helicopters were also involved in the search and rescue operation. Police, Jawaharlal Nehru Port Authority personnel, and local fishermen are assisting in the rescue efforts. Chief Minister Devendra Fadnavis said that seven to eight passengers remain missing.
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