From bearing the expenses of their ceremonial clothing to daily allowances of $50 per day, the sports ministry on Tuesday said it has spent around Rs 7.4 lakh on the eight-member Indian contingent at the Winter Olympics in Vancouver, Canada.
The move is likely to help 4.59 lakh housing units across the country.
The proposed measures aim to bring stricter norms to curb holding of illegal cash and mismanagement of unaccounted cash seized by the probe agencies during investigations.
Under Sebi guidelines, AIFs can operate broadly in three categories.
As we celebrate women achievers who are excelling in their careers, here are incredible tales of hard work and perseverance to inspire you this week.
People are availing far more of certain kinds of unsecured loans than was the case before the pandemic. Bank lending for buying consumer durables and funding of credit cards and other personal loans have risen by Rs 6.9 trillion between August 2019 and August 2023, shows a Business Standard analysis of data from the Reserve Bank of India (RBI). These loans are typically unsecured, which means they are provided without collateral.
Shikha Verma offers invaluable money management insights
A team of CBI officers reached his residence in south Kolkata's Chetla area along with a large contingent of central forces in the morning, officials said.
For existing investors, it may be prudent to redeem their current investments in gilt or dynamic schemes and invest it in short-term funds, if the exit load is not very high, advises Malhar Majumder.
The list of drought-hit taluks will be notified, following Chief Minister Siddaramaiah's approval.
Here's how you can ensure you have enough in your kitty and be in command of your finances.
Neither the foreign exchange, nor the gold, and certainly not the revaluation reserve should be available for spending by anyone. he revaluation account is simply not money. It is simply an accounting entry, says Rashmin C Sanghvi.
Mahavir Chopra compares mutual funds and Ulips to help investors decide.
After a year's delay due to COVID-19, the 19th Asian Games officially opens in Hangzhou on Saturday with hosts China eager to lift a country mired in economic gloom.
BRICS countries may reach consensus at next month's G20 summit on creating a $100 billion currency reserve fund to help ease short-term liquidity pressure and safeguard financial stability of major emerging economies, a senior Chinese central bank official said.
We all face moments of crisis in our lives. How do you ensure that your finances stretch to keep you afloat?
Thursday's ruling does not affect any decision on Russian and Belarusian athletes' participation at the Paris 2024 Olympics which the IOC will take at a later date.
Seventy two years ago, a newly independent India ventured to hold the the first Asian Games in Delhi with meager resources.
You need careful planning to accumulate a corpus for your children's dreams and goals
'Children should include their parents in the group health insurance cover provided by the employer at the earliest.' 'However, the elderly should not depend on it alone and should also buy a personal health cover,' suggests Sanjay Kumar Singh.
A budget is nothing but a tool to keep your spending under control and ensure that the monthly expenses are lower than your monthly income. Here are some tips on how you can make your budget work
The government has budgeted for total expenditure of Rs 34.83 lakh crore or 6.8 per cent of GDP. While the net tax revenue rose from Rs 5,75,697 crore in October 2020 to Rs 10,53,135 crore till October 2021, a growth of 82.93 per cent annualized, total expenditure rose only by 9.95 per cent, led by infra spending to Rs 18,26,725 crore from Rs 16,61,454 crore during the same period, the RBI said in the financial stability report.
Continue to invest normally unless prices fall drastically in April-May. If prices do fall drastically, invest more than normal, advises Devangshu Datta.
Private sector banks reported a robust profile with healthy growth in net interest income (NII), credit offtake and reduction in provision burden for the fourth quarter ended March 2023 (Q4 of FY23). However, as a pack, their net profit declined by 9.7 per cent year-on-year (YoY) at Rs 25,317 crore in Q4. This is because Axis Bank posted losses due to its one-time hefty charge for the acquisition of Citibank India's consumer business.
One of the mistakes most homemakers make while thinking about financial planning is looking at immediate goals, says Amar Pandit.
Don't worry about volatile, erratic cash flows, freelancers. Vishal Dhawan explains how you can invest and achieve your financial goals despite irregular income.
Gold loans are a quick, easy and low-cost way to meet your immediate and emergency financing needs, but do ensure that you entrust your gold in safe hands after thorough due diligence, suggests Gaurav Gupta, founder and CEO, MyLoanCare.in.
The Department of Telecommunications (DoT) has asked Vodafone Idea (Vi) to come back to it with a business plan soon in light of its decision not to launch 5G services for now (unlike its competitors Reliance Jio and Bharti Airtel) and in view of its assessment of the possible impact of BSNL's impending launch of 4G in a few months and then 5G by August 15. "We are worried about Vi as we want to have three private players and one government player in the market. "The global trend now is to have two to three players.
The two leaders discussed the law and order issue. Mann told Shah about the circumstances leading to the Ajnala incident, sources said.
Government is planning to levy a 10-20 paise per litre cess on petrol and diesel to fund build up 45 days' strategic crude oil reserves to meet contingency requirement like disruption in supplies in the event of war.
While its performance in Bihar, has boosted fund collections, corporate contributors are still waiting to see its performances in Assam, Kerala, Tamil Nadu and West Bengal before committing funds to the Congress.
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
It was BCCI that 'bought' Neeraj Chopra's javelin during e-auction in 2021
A top official of the Paralympic Committee of India (PCI) said that the para-athletes were initially denied entry when they arrived at the Games Village as the Sports Ministry had not till then cleared funds to the tune of US$2.5 lakh.
Days after a renowned cyclist accused her coach of sexual harassment, a national level female sailor has alleged that a coach made her "uncomfortable" during a foreign exposure trip to Germany.
Taking exception to top Indian tennis players' reluctance to compete in the recent Asian Games, the Sports Ministry on Wednesday said individual players will be able to avail government grants only if they undertake to be available for India whenever called upon.
The Reserve Bank on Tuesday directed digital lending entities to disclose upfront the names of of their empanelled agents authorised to contact borrowers in case of default of loan, and also intimate the details to customers before initiating the recovery process. In August last year, the RBI had tightened norms for digital lending to prevent charging of exorbitant interest rates by certain entities and also check unethical loan recovery practices. Under the new norms, all loan disbursals and repayments are required to be executed only between the bank accounts of borrower and the regulated entities (like banks and NBFCs) without any pass-through/ pool account of the Lending Service Providers (LSPs).
The balance sheet of the Reserve Bank plays a critical role in the functioning of the country's economy.
Being made a member of the Cabinet Committee on Political Affairs makes her an important player in BJP politics, observes Rashme Sehgal.
The probe pertains to alleged financial irregularities in the Congress-promoted Young Indian Private Limited, which owns the National Herald newspaper.
