Chief Economic Advisor (CEA) V Anantha Nageswaran considers absolute poverty a more direct and pressing concern for India. He argues that inequality is a relative concept. Simultaneously, with formerly economically deprived sections joining the ranks of the middle class, policy attention needs to extend beyond 'roti, kapda, makaan' to keep the growth engine up and running.
Asian Paints, JSW Steel, ITC, Bajaj Finance, IndusInd Bank, Tata Steel, NTPC, Bajaj Finserv, HDFC Bank, Reliance Industries and Power Grid were among the laggards. In contrast, Tata Motors, Mahindra & Mahindra, State Bank of India, Infosys and HCL Tech were the gainers.
The share of equity and investment funds in the total financial wealth of households increased by more than 50% between 2011-2012 and 2022-2023.
Dhas (116, 101 balls) and Saharan (100, 107 balls), who added 215 off 202 balls, lifted India from a tricky 62/3 to a formidable 297/5 after they opted to bat first.
India women rose from the ashes to tame New Zealand 3-1 with a spirited performance in their second pool match of the FIH Women's Olympic Qualifier.
India's solitary ODI series win in the Rainbow nation occurred in 2018, emphasising the need for a strong beginning from Ruturaj Gaikwad and B Sai Sudharsan.
However, it was curtains for Kiran George in the men's singles event as he lost 20-22, 6-21 against seventh seed Kenta Nishimoto of Japan.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
The Indian duo of Shubhankar Sharma and Gaganjeet Bhullar had contrasting fortunes on the weather-hit opening day of Olympic golf competition in Paris on Thursday.
The selectors have clearly gone for the status quo rather than addressing the elephant in the room by picking Rohit Sharma and Virat Kohli for their first T20 series in 14 months. Will it have a bearing on India's chances in another T20 World Cup?
Sukanya Verma quizzes you to find out just how much you know about the movies.
Thanks to a booming market, India now has more than 300 family offices, up from 45 in 2018, according to a PwC report. The number is expected to grow rapidly, with promoters establishing more businesses in Tier-II and Tier-III cities. Family businesses play a crucial role in India's booming economy, spanning manufacturing, retail, real estate, healthcare, and finance.
'Indian single malts have a very specific character.' 'They are sweet when you take a frontal palette approach and change significantly with the addition of water.'
'At present, hybrids emit lesser carbon despite using fuel than pure play electric cars.' 'That is because EVs have to be charged and 76 per cent of the country's electricity is still coal-based and not renewables.'
Equity fundraising through qualified institutional placements (QIPs) has gained traction, thanks to supportive equity markets and the need for fresh fundraising to meet capital expenditure (capex) requirements.
The real estate sector wants "high-impact" measures, like special schemes and tax breaks for developers, to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard. This segment has been struggling since the Covid-19 outbreak, in contrast to larger and costlier homes which have been selling like hot cakes. The demand comes at a time when the government is taking suggestions from industry players before tabling the General Budget in the Parliament next month.
Advani easily beat Jin Long of China 4-1 while Merchant edged past Hong Kong's Chi Wai Au 4-3 in the World snooker championships.
Half-centuries from captain Uday Saharan and Sachin Dhas steered India to their ninth Under-19 World Cup final.
Rohit Sharma, while facing left-arm throwdown specialist Nuwan Seneviratne, got hit on his left thumb by a delivery that lifted from the back of a good length area.
'I was one of those children who didn't feel I had to adhere to instructions on how to behave.' 'That must have made things very awkward for my parents.'
The accident occurred at 3.45 AM near Barabamboo, around 80 km from Jamshedpur, under the Chakradharpur Division of the South Eastern Railway (SER), they said.
Tom Straker's six-wicket haul and Harry Dixon's fifty inspired Australia to a tense one-wicket victory over brave Pakistan in the semifinal in Benoni on Thursday, setting up their ICC Under-19 World Cup final against defending champions India.
'Indian investors have always been debt-heavy but with growing financial awareness they are getting comfortable with equities.'
At a time when consumers increasingly embrace green mobility solutions, it is not electric cars but hybrids that are taking the lead, as automotive sales data indicate. Since January, 64,097 electric cars have been sold compared to 266,465 hybrids, according to data from the ministry of road transport and highways' Vahan dashboard. Hybrid car sales have surged from 4.42 per cent of the 4.1 million cars sold in calendar year 2022 to 7.2 per cent this year.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
Gill and Bairstow's explosive banter took center stage in Dharamsala
'I am not a Shubman Gill hater but I feel Ruturaj is a better option because he has scored runs in tougher situations.'
The term 'love jihad' is used by right-wing groups to allege a ploy by Muslim men to lure Hindu women into religious conversion through marriage.
In a step towards diversifying its resource base and securing green energy minerals, India is poised to launch its first-ever offshore mineral auction in the first quarter of 2024, announced Union Minister of Mines Pralhad Joshi during the launch event of the National Geoscience Data Repository portal. The government plans to hold auctions in March, offering 10-15 blocks for bidding. Meanwhile, the ministry of mines is currently developing rules and regulations for offshore mining.
Several BJP-backed state governments have unveiled schemes targeting the poor, women, farmers and students, following the party's setback in the Lok Sabha polls.
Equity supply may hit Rs 6 trillion soon.
The struggle of Indian women shuttlers on the BWF circuit is quite apparent, but Saina Nehwal backs her colleagues by saying that even the strong Chinese players are finding it difficult to dish out strong performances on a consistent basis and expressed hope that the lean patch of the singles players will end soon.
Will Andhra Pradesh follow the Odisha model, voting differently in Lok Sabha and assembly elections? Or will Odisha follow Andhra Pradesh, voting in new faces in both?
Highlighting the plight of train drivers, the note said loco pilots, especially those who drive goods trains, work 14 to 16 hours a day and get to go home after three or four days.
India's fast-moving consumer goods (FMCG) sector witnessed growth in rural consumption in volume terms outpace urban consumption for the first time in five quarters, in the January-March period. According to a report from consumer intelligence firm NIQ, rural consumption grew at a rate of 7.6 per cent year-on-year (Y-o-Y) in Q1CY24, overtaking that in urban areas which stood at 5.7 per cent.
The city is becoming more democratic as the past embraces the future says Rahul Jacob.
You don't prep for 2028 but for 2040, or even 2044. Sustained sporting excellence is based on mass support, grassroots development, and funding - and it is this trifecta India needs to work on, systematically, asserts Prem Panicker.
In the event of the BJP's poor performance in the assembly polls this year and in early 2025, Modi's hold will get further weakened because he will no longer remain the invincible electoral persona tightly controlling the machine at his disposal, asserts Nilanjan Mukhopadhyay.
'Arithmetic could decide the Haryana election given the presence of multi-cornered contests.'
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