Many affluent young people are first-generation wealthy. They have limited financial literacy, lack quality financial guidance or role models, and often fall prey to mis-selling. This makes them hesitant to invest in high-return assets like equities.
The Centre's fiscal deficit at the end of the eighth month of financial year 2024-25 touched 52.5 per cent of the full-year target, government data showed on Tuesday. In absolute terms, the fiscal deficit -- the gap between the government's expenditure and revenue -- was about Rs 8.47 lakh crore during the April-November period, according to the data released by the Controller General of Accounts (CGA).
'India has gone some way to meeting its objectives because it has established a deterrent value that Pakistan will have to take into account when it plans future terrorist attacks.'
The Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, according to the data released by Controller General of Accounts (CGA) on Friday.
Various industry bodies have sought immediate government intervention through the imposition of anti-dumping duties, claiming India has seen a surge in imports of Chinese goods over the past two weeks.
Hundreds of people, including inconsolable family members and friends, gave an emotional farewell to First Officer Clive Kunder, co-pilot of the Air India plane that crashed in Ahmedabad last week, and flight attendant Roshni Songhare whose last rites were held on Thursday.
The Supreme Court has directed the Indian Air Force not to release Wing Commander Nikita Pandey from service. Pandey, who participated in Operation Balakot and Operation Sindoor, was denied a permanent commission despite being an expert fighter controller. The court raised concerns about the uncertainty faced by Short Service Commission (SSC) officers who are denied permanent commissions after years of service. The court emphasized the need for a system to accommodate all suitable SSC officers in permanent commissions, highlighting the excellent performance of women officers. The court has ordered the IAF to consider Pandey's case in a second selection board and has postponed the hearing to August 6.
'When there are glaring errors in the report, how can you trust anything in it?'
Two investigations were ordered after six patients died due to alleged negligence at the state-run Saheed Laxman Nayak Medical College and Hospital in Odisha's Koraput, officials said on Wednesday.
A higher TER means a larger portion of the return goes to the AMC, leaving less for the investor, unless compensated by higher returns.
The 17 rare earth elements that are at the centre of the current crisis are critical components of everyday products -- from cars to jet engines to electronics like smartphones and flat-screen TVs.
Wouldn't it be better to reach 45 with a backup engine of passive income that helps you glide through these years instead of grinding, asks Ramalingam Kalirajan
Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) has surprised the street with a better than expected performance in its oil-to-chemicals (O2C) division in October-December 2024 (Q3FY25). RIL executives attributed it to favourable feedstock sourcing and higher volumes. However, they also listed cost optimisation and other measures.
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
The government's capital expenditure in the April-November period of financial year 2024-25 (FY25) continued to contract with a 12.3 per cent decline year-on-year (Y-o-Y), according to data released by the Controller General of Accounts on Tuesday.
Defence stocks have been on a tear, with the Nifty India Defence index hitting all-time highs. Over the past week, the index jumped around 7 per cent, far outpacing the flat performance of the Nifty 50. Over the past month, its 12 per cent gain has trebled the benchmark's return.
At the end of the day, for many worldwide, the ongoing mutual attacks between Israel and Iran would seem a contest devoid of any moral high ground and only a bout between two ordinary adversaries, one that nevertheless risks spinning out of control into a larger conflagration, notes Shyam G Menon.
Authorities in Jammu and Kashmir on Sunday asked border villages residents, who were evacuated to safer places in view of cross border shelling by Pakistan, not to rush back to homes as they are yet to sanitise and clear these areas of any unexplored shells.
Pharma major Dr Reddy's Laboratories delivered a muted operational performance in the fourth quarter of financial year 2024-25 (Q4FY25), even as revenue growth remained healthy. Lower gross margin performance and muted domestic growth are key concerns. Most brokerages have a "Sell" or "Reduce" rating as there are uncertainties related to the development of a new product portfolio and the launch timelines.
The United Nations Security Council held closed-door consultations on rising tensions between India and Pakistan, with envoys calling for restraint and dialogue. The consultations, requested by Pakistan, lasted for about an hour and a half. UN Secretary-General Antonio Guterres expressed concern over the tensions, urging both countries to avoid a military confrontation. India's former Permanent Representative to the UN, Syed Akbaruddin, said that no consequential outcome could be expected from the discussion.
'The universe of PSU stocks is huge and diverse.' 'Investors should bet on specific sectors and stocks from the basket as most of them may continue to consolidate after years of outperformance.'
Successive elections since 2019 have proved that the Modi charisma and Shah's strategy does not work in Tamil Nadu. Now, they have to see next year if the DMK is capable of losing, whether to an existing NDA alliance or an expanded version, if one becomes necessary and possible!, explains N Sathiya Moorthy.
A new book by former West Bengal governor Gopal Krishna Gandhi claims that former chief election commissioner T N Seshan proposed an immediate halt to the general election process after Rajiv Gandhi's assassination in 1991 and even offered to become home minister. Gandhi, who was joint secretary to then president R Venkatraman, writes that Seshan was the one who broke the news of the assassination to the president and arrived at the Rashtrapati Bhawan "super-fast" that night. According to Gandhi's account, Seshan told Venkatraman that he felt the election process needed to be stopped and that he was ready to take on the role of home minister if necessary. However, Prime Minister Chandra Shekhar and Cabinet Secretary Naresh Chandra assured the president that the situation was under control and that there was no need to pause the election process. Seshan's suggestions were ultimately ignored, but he did manage to postpone the second and third phases of polling.
Whether you're a young professional, a seasoned entrepreneur, or someone simply looking to take control of your financial future, adopting these principles can be life-changing, says Ramalingam Kalirajan
'Every decision India makes along the LoC, it must also consider implications along the LAC.'
The Centre's fiscal deficit at the end of the first five months of the current fiscal touched 27 per cent of the full-year target, government data showed on Monday. In absolute terms, the fiscal deficit -- the gap between expenditure and revenue -- was at Rs 4,35,176 crore as of August-end, according to data released by the Controller General of Accounts (CGA). The deficit stood at 36 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24.
The Centre's fiscal deficit at the end of the first seven months of financial year 2024-25 touched 46.5 per cent of the full-year target, government data showed on Friday. In absolute terms, the fiscal deficit -- the gap between government's expenditure and revenue -- was at Rs 7,50,824 crore during April-October period, according to data released by the Controller General of Accounts (CGA). The deficit stood at 45 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24.
'Investors should continue with their SIPs, especially during market corrections.' 'For those looking to start new SIPs, beginning with large-cap funds is a prudent strategy, followed by flexi-cap and value-oriented approaches.'
The Congress on Monday distanced itself from the controversial comments of some of its leaders on the Pahalgam terror attack, saying that only the recent CWC resolution and the views expressed by AICC chief Mallikarjun Kharge, Rahul Gandhi and authorised AICC office-bearers represent its position. The opposition party's assertion comes in the wake of remarks by leaders like Vijay Wadettiwar, Mani Shankar Aiyar, Shashi Tharoor, Tariq Hameed Karra and Saifuddin Soz that have triggered a row, with the BJP alleging that some from the opposition party were speaking "Pakistan's language".
Colonel Sofiya Qureshi revealed that 300 to 400 drones were deployed across 36 locations, with several being shot down by Indian forces using both kinetic and non-kinetic methods.
In a strong retaliation to the Pahalgam massacre, India's armed forces early Wednesday destroyed nine terror sites including that of Jaish-e-Mohammad and Lashkar-e-Taiba in Pakistan and Pakistan-occupied Kashmir (PoK) using deep strike missiles in a 25-minute-long 'measured and non-escalatory' mission.
The stock of India's largest listed pure play retail major Trent was down 14.76 per cent at close on Monday after a fall in revenue growth for the March quarter of 2024-25 (Q4FY25). The sales growth trajectory has been in a declining trend over the last few quarters, which, coupled with falling operational metrics, higher competitive intensity, and expensive valuations, has seen the stock crack about 44 per cent since its 52-week highs in October last year.
'We have to retain some fiscal headroom without compromising on the promised fiscal consolidation roadmap.'
The Calcutta High Court has ordered the formation of a three-member committee to identify and rehabilitate people displaced by violence during protests over the Waqf (Amendment) Act in Murshidabad district. The court also extended the deployment of Central Armed Police Force (CAPF) in the area. The committee will consist of officials from the National Human Rights Commission (NHRC), West Bengal Human Rights Commission (WBHRC), and the State Legal Services Authority (SLSA). It will be responsible for identifying displaced persons, assessing damage to properties, collecting FIR data, facilitating FIR filing, and overseeing the well-being of displaced individuals. The state government has been instructed to provide necessary infrastructure to the committee and report on its progress by May 15. The court also directed the state to formulate a rehabilitation scheme for displaced persons, including the construction of damaged houses and shops, compensation for lost livelihoods, and protection for families of those who died in the violence.
The grilling of Brigadier-General Dyer by Akshay Kumar's Sir C Sankaran Nair, as shown in Kesari 2, is purely an imaginary sequence, proves Utkarsh Mishra.
Pakistan has warned the international community that any military moves by India shall be 'responded to assuredly and decisively... onus of any escalatory spiral and its consequences shall squarely lie with India.' Implicit in the statement is a veiled threat that even a nuclear threshold may be reached if push comes to shove, warns Ambassador M K Bhadrakumar.
The current instability in the world is a result of long term systemic and socio-politico problems, points out Colonel Anil A Athale (retd).
'If there is a military standoff eyeball to eyeball on the western border, the Chinese could create problems by making movements in the north, in our northeast, which could involve us tying down some forces there so that could stretch our military actions.'
Crorepatis build wealth through disciplined saving, smart investing, and strategic risk-taking, proving that true financial freedom is earned, not inherited, says Ramalingam Kalirajan
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
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