The CBI had interrogated Rujira in February last year ahead of the West Bengal assembly elections.
This may lead to the states' combined fiscal deficit to widen much faster, while the Centre may show a smaller or insignificant slippage in meeting its deficit target. The Centre will celebrate over its fiscal prudence, but the states would suffer, A K Bhattacharya points out.
One in eight adults who are infected with SARS-CoV-2 experience long term symptoms due to Covid-19, according to one of the most comprehensive studies on the viral disease to date published in The Lancet journal on Friday.
The affidavit was filed in response to a petition seeking a direction to declare the PM CARES Fund a 'State' under the Constitution to ensure transparency in its functioning.
To consider Pervez Musharraf a real force for peace is an absurdity, declares Ambassador T P Sreenivasan.
In absolute terms, revenue receipts stood at Rs 9.07 lakh crore at the end of October. For the entire 2019-20, the revenue receipts have been pegged at Rs 19.62 lakh crore.
The government collected over 40 per cent more revenue from taxes at Rs 44,463 crore (Rs 444.63 billion) during the first quarter of this fiscal against Rs 31,668 during the corresponding period of 2005-06.
DoT still working on final AGR dues due to varying accounting practices. Telecom operators have been submitting two separate audited details of deduction towards interconnection usage charges and roaming fee to the DoT.
The pharmacy, identified by the federal anti-narcotics agency as JR Infinity Pvt Ltd, was located at Domalguda in Telangana's capital city.
Given the uncertain macroeconomic conditions, most brokerages have turned slightly cautious on the pace of growth in State Bank of India's (SBI's) earnings going ahead. While they don't see any significant risk arising for now, its sheer balance sheet size and systematic importance has nudged them to cut earnings estimates for fiscal year 2023-24 (FY24) and 2024-25 (FY25) up to 5 per cent. India's largest state-owned bank, on Thursday, reported standalone net profit of Rs 16,694.51 crore for Q4FY23.
GST authorities have expanded the probe into alleged tax evasion by fintech firm BharatPe to include reported issuance of fake invoices by those close to the firm's ousted co-founder Ashneer Grover, an official said. GST authorities are now scrutinising BharatPe books of the last four years to see if bogus invoices were issued for services as well. BharatPe had stripped Grover and his wife Madhuri Jain of all positions after a preliminary report of an external audit commissioned by the fintech firm's board showed that the duo indulged in alleged misdeeds and financial irregularities.
The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya. In addition, the former liquor baron has been asked to deposit $40 million with 8 per cent interest within a month, failing which his properties would be attached to recover the amount. The court held Mallya guilty of contempt after it was brought to its notice that he had transferred $40 million to his children in the US.
The centre's gross tax collection rose by 21 per cent at Rs 2,57,558 crore (Rs 2575.58 billion) till January this fiscal thanks to buoyancy in service tax, income tax and corporate tax receipts.
In a joint statement posted on their respective twitter accounts, the companies said Serum Institute Chief Executive Officer Adar Poonawalla and Bharat Biotech Chairman Krishna Ella communicated their combined intent to develop, manufacture and supply the COVID-19 vaccines.
'The BJP can kill two birds with one stone by wresting back control of the message; and the steps are fairly obvious. Once the media is neutral, there is a level playing field,' argues Rajeev Srinivasan.
The government is committed to restrict the fiscal deficit at 3.4 per cent of GDP as envisaged in the Budget.
The Union government's fiscal deficit shot up by about 31 per cent to Rs 54,517 crore (Rs 545.17 billion) in the first quarter of this fiscal due to higher expenditure.
Street gave a thumbs down to Aditya Birla Fashion and Retail (ABFRL)-TCNS Clothing deal as analysts flagged near-term profitability risks for ABFRL with its latest acquisition. At the bourses, shares of the Aditya Birla group company tumbled 6.2 per cent in the intra-day trade, before settling 3.27 per cent lower at R 207.2. Those of TCNS, meanwhile, plunged 20 per cent to end at Rs 416.64.
As air travel gathered steam in financial year 2021-22 (FY22) after being restricted the previous year, fewer passengers were affected by flight cancellations. Directorate General of Civil Aviation (DGCA) figures show that there were 40 per cent fewer flyers in FY22 than in FY20, but 60 per cent fewer passengers were impacted by cancellations, and 80 per cent fewer passengers were denied boarding. FY20 was the last financial year when India's booming aviation industry carried out full-scale operations before being completely grounded for a couple of months due to the Covid-19 pandemic.
Two Indian Americans -- Congressman Ro Khanna and Vijaya Gadde -- prominently figure in United States President Joe Biden's son Hunter Biden's laptop story whose full disclosure Twitter CEO Elon Musk has announced would be released on the microblogging site.
The panel may include or seek inputs from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian, Sajjid Chinoy of the PM-EAC, Rathin Roy, among others.
Subdued demand from developed countries and blocs like the US and EU is impacting exports of key sectors including engineering, gems and jewellery and may have implications on India's exports in case the global situation does not improve in coming months. Global inflation, Russia-Ukraine war, simmering China-Taiwan crisis and supply disruptions are hurting economic growth worldwide, leading to poor demand, experts say. The world merchandise trade volume is expected to grow 3 per cent in 2022 against the earlier forecast of 4.7 per cent, mainly due to the ongoing war between Russia and Ukraine, according to the World Trade Organization forecast, released in April.
The central government's fiscal deficit climbed to Rs 81,014 crore (Rs 810.14 billion) for the first six months of the financial year 2003-04.
'Negotiate a longer agreement with the escalation clause fixed now.' 'This will enable you to control future cost increases.'
Vaccine development is a long process to ensure safety and efficacy through different stages and involves regulatory supervision every step of the way. Ruchika Chitravanshi takes you through this carefully drawn journey of vaccine development.
10 non-bank and non-finance stocks from the BSE500 Index universe that offer an optimal blend of low valuation, reasonably robust revenue and earnings growth in recent quarters, a strong balance sheet, and most importantly, positive cash flow from their operations.
'Investors don't have to worry about underperformance in passive funds, which earn market-equivalent returns.'
Prospective buyers must make a well-considered decision regarding whether this is the right time to buy a house, particularly with home loan rates at near-peak levels, and the risk of job losses looming in many sectors.
Seventy two years ago, a newly independent India ventured to hold the the first Asian Games in Delhi with meager resources.
The Centre's fiscal deficit mounted to Rs 110,470 crore (Rs 1.104 trillion) till February despite higher growth in tax collections.
The rather amateurish, even ham-handed, attack would lend some credence to a 'false flag' theory, of the PTI leadership staging this incident, to provide new impetus to a flagging agitation, notes Rana Banerji, who headed the Pakistan desk at RAW, India's external intelligence agency.
India's fiscal deficit has come down marginally to Rs 92,435 crore (Rs 924.35 billion) till December this fiscal from Rs 93,656 crore (Rs 936.56 billion) till November.
The Centre's gross tax collection was up by about 19 per cent at Rs 2,30,839 crore (Rs 2308.39 billion) till December this fiscal backed by spurt in corporate earnings and imports.
India's fiscal deficit shot up by nearly 50 per cent to Rs 92,068 crore (Rs 920.68 billion) during the first seven months of 2005-06 despite a 24 per cent higher tax mop up.
Dr Shreekant Sambrani pays tribute to M S Swaminathan, renowned agricultural scientist and a lifelong crusader against hunger who passed away in Chennai recently.
The Centre's fiscal deficit was up marginally by 1.6 per cent at Rs 1,27,975 crore (Rs 1279.75 billion) during 2004-05 from Rs 1,25,960 crore (Rs 1259.60 billion) in 2003-04, despite efforts to cut wasteful spending and push up revenue.
