Flash floods in Pakistan's Khyber Pakhtunkhwa province have resulted in a significant loss of life, with the death toll rising to 327 in the last 48 hours. The disaster has prompted relief efforts from the army and government agencies.
A deep dive into Trump's new policy and what it means for Indian professionals and companies.
The Ramanujan Fellowship is designed for brilliant Indian or Indian-origin scientists and engineers from outside India to undertake scientific research positions in India, as well as for those scientists and engineers who wish to return to India from abroad.
Crypto exchange WazirX has said customers affected by the recent cyber attack will not be able to recover their full funds even as the firm looks to restructure. At a virtual press conference, the firm's advisor said at best the company might look to return 55-57 per cent of the money. "This is what can be returned to users with the benefit of this restructuring," said Jason Kardachi, managing director (restructuring), Kroll.
The Board of Control for Cricket in India has pledged a donation of Rs 10 crore for the training and preparation of the country's Olympic-bound athletes
"We have suggested a fund for drought or flood, and when our production is hit. The fund will be with the states which the Centre will provide. The implementing agency will be the respective state governments," said K V Thomas, minister of state for agriculture and food.
The Centre on Tuesday assured flood-ravaged Karnataka and Andhra Pradesh that funds will not be a constraint for relief and rehabilitation and asked them to focus on providing succour to the affected people.
Shiva Keshavan cannot help feeling that the more things change, the more they remain the same.
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
The size of Reserve Bank's balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank's annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as on March 2023.
But the government will present a second tranche of Supplementary Demands for Grants during the Budget session of Parliament in February, when it can seek additional spending.
'India has the potential to grow at more than 7%, with the monetary policy providing a supportive hand.'
This comes amid a rapid surge in spread of the disease in Eastern Democratic Republic of Congo, and its detection in neighbouring countries as well.
Zafar Ali, the president of the Shahi Jama Masjid committee in Sambhal, Uttar Pradesh, was arrested on Sunday in connection with the violence that erupted in November 2022 over a court-ordered survey of the mosque. Ali's brother alleged that the arrest was intended to prevent him from submitting his testimony before a judicial commission investigating the violence. The mosque has been at the center of a controversy after a petition claimed it was the site of an ancient Hindu temple. The violence resulted in four deaths and several injuries.
The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.
In a letter, State Council of Educational Research and Training director Sajjan R urged competent authorities to immediately suspend all such teachers' training programmes.
With temperatures soaring in Paris Olympics, Indian athletes battling the soaring temperatures and lack of cooling in their rooms in the Paris Olympic Games Village have been provided with 40 portable air conditioners
This race among parties to woo the farmers mainly stems from the analysis of political pundits that the peasant class played a crucial role in the defeat of the BJP in Rajasthan, MP and Chhattisgarh.
The health and family welfare ministry spent 70 per cent of its allocation till October. The ministry may need additional funds for the vaccination drive which is expected to be kicked off from January.
Financial planning advisor Amar Pandit explains the most important steps for accumulating a contingency fund but cautions that this money should be spent wisely.
'The biggest impact will be on coal and hence on power cost. Then comes iron ore, coking coal, bauxite.'
The bench did not agree to the contention of the lawyer that the fund has been created without following the schemes enumerated under Articles 266 and 267 (which deal with the contingency and the Consolidated Funds of India) of the Constitution.
Tata Steel is in the process of filing a curative petition in the Supreme Court in connection with the apex court ruling which said that states have the power to levy cess on mining and mineral-use activities. The petition by the steel manufacturing firm is aimed at seeking remedy to the order, passed by a 9-judge Constitution Bench of the Supreme Court on July 25. However, Tata Steel's managing director and chief executive officer T V Narendran told Business Standard that there was no demand note on the firm.
Thousands of workers of every description -- from journalists to steel workers, from painters to New York cops, from auto to engineering workers -- marched for two hours down 5th Avenue one of Manhattan's most iconic thoroughfares, reports Jyoti Punwani.
While govt has decided to maintain status quo, don't use the money for house, marriage or education
Smart management of your money can help you achieve your financial goals in the New Year
Private banks' net profit grew 26.3 per cent year-on-year (Y-o-Y) to Rs 48,982 crore in the first quarter ended June 2024 (Q1FY25) owing to healthy growth in credit and other income. The gross non-performing assets (GNPAs) increased with the end of dispensation granted during the pandemic, according to the data compiled by BS Research Bureau for listed 18 private banks.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
With no let up in the ceasefire violations by Pakistan on the International Border in the Jammu region, the state government is formulating a contingency plan to deal with the situation.
The bench noted even the high court has said in its judgement that 80 per cent of the work related to the survey has been completed.
The plea filed by Nalanda resident Akhilesh Kumar submitted that in terms of the constitutional mandate, only the Union government is empowered to conduct a census.
The size of the Reserve Bank's balance sheet, which is reflective of activities carried out by it in pursuance of currency issue function as well as monetary policy and reserve management, has increased by 6.99 per cent during the nine-month period ended March 31, 2021. While income for the year decreased by 10.96 per cent, the expenditure decreased by 63.10 per cent, as per the RBI's Annual Report for 2020-21. The year ended with an overall surplus of Rs 99,122 crore as against Rs 57,127.53 crore in the previous year, representing an increase of 73.51 per cent, it added.
Alloting more funds for MNREGA and PM-KISAN could wipe out the entire additional money that the Centre may have for FY25.
Expectations were high from Paris and observers of the game felt at least one, if not two medals, could be expected from the six boxers who qualified.
It's a downfall for the powerhouse that produced some iconic names such as PT Usha, Shiny Wilson, Anju Bobby George, Rosa Kutty, Mercy Kuttan and Bobby Aloysius among others."
The expectations of a borrowing cut by the government faded among bond-market participants after the general election results because they feel the compulsions of running a coalition may put pressure on the exchequer, according to dealers. The recent trend of moderate depreciation in the rupee's nominal effective exchange rate (NEER) might not persist if there are significant changes to the structural reform agenda.
India Meteorological Department has predicted deficient rains.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) will answer your personal finance-related questions.
The Reserve Bank of India (RBI) booked massive gains on its foreign currency sales and needed to provide much lesser for its reserves in 2020-21 (FY21), helping it to carve out a significant Rs 99,122-crore dividend for the government, revealed the RBI's annual report for FY21. By doing so, the central bank's risk buffers have reduced to the bare minimum, which may restrict some of RBI's scale of operations, and would likely hamper dividend payout for financial year 2021-22, said analysts. The annual accounts are for nine months ended March 31, 2021 since the RBI changed its accounting year from July-June to April-March from FY21.
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