If the threat from the 'Maovadis' (Maoists) is fading, the danger now lies with the 'MoUvadis' -- those who might exploit the resource-rich Abujhmad region through corporate or State-backed projects.
The 31st meeting of the Goods and Services Tax (GST) Council, held in December 2018, deferred a decision to reduce the GST rate for cement from 28 per cent to 18 per cent. This was despite recognising that cement - along with automobile parts - remained among the few mass-consumption items still taxed at the highest slab, which was originally meant for luxury and sin goods.
Borrowers should consider switching from an MCLR-linked to a repo rate-linked loan.
Overall automobile retail sales in India grew a modest 2.95 per cent in April this year to 22,87,952 units with completion of purchases by customers around Chaitra Navratri, Akshay Tritiya, Bengali New Year, Baisakhi and Vishu helping April end on a positive note, Federation of Automotive Dealers Associations said on Monday.
Global Rating agency Moody's on Wednesday said it was reviewing IndusInd Bank's risk management capabilities, and its leadership transition, with the private sector lender grappling with accounting lapses pertaining to its derivatives transactions. "The financial impact of the derivatives losses is quite manageable considering IndusInd Bank's strong capital.
Standing near the noose, he recited a couplet in which he said he wished nothing but to sacrifice his life for the motherland. Utkarsh Mishra remembers Ram Prasad Bismil on the revolutionary leader's 128th birth anniversary.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Stunning 1-2 finish for India after Shambhavi, Ojasvi's keen tussle
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
We had to evacuate 25,000 people without pressing panic button: IPL chairman Dhumal
From using lavender in traditional Dogri embroidery to making essential oils, beauty products and food syrups infused with this flowering plant, Bhaderwah, once known for its maize fields, is embracing lavender to bring about an economic transformation to their small town.
'You think: Did I fail the people I had to let go? Did I promise something I couldn't deliver? That day (when we had to sack 70 people) will stay with me.'
The Supreme Court's ruling in the BPSL case exposes deep flaws in the IBC's institutional framework and raises concern about judicial overreach, notes Rajeswari Sengupta.
Credit-to-deposit (CD) ratio of major public sector and private sector banks during the October-December quarter of FY24 inched up as compared to the previous quarter though government-owned lenders reported a lower rate than their private peers. CD ratio is the ratio of the funds that banks lend as compared to the funds raised in the form of deposits. The CD ratio of top public sector banks (PSBs) - State Bank of India, Punjab National Bank, Bank of Baroda and Canara Bank - was lower than their private counterparts.
The Indian economy could remain less affected by global trade wars than other countries because the two engines of domestic growth - consumption and investment - are likely to face a limited impact from such headwinds, according to an article on the 'State of the Economy' in the Reserve Bank of India's (RBI's) bulletin, released on Tuesday.
Bihar Chief Minister Nitish Kumar engaged in a heated exchange with Leader of the Opposition Rabri Devi in the Legislative Council, dismissing her as "inconsequential" without her husband, RJD president Lalu Prasad. The spat stemmed from RJD MLCs wearing badges promoting quota hikes passed during Tejashwi Yadav's tenure as Deputy CM, which Nitish Kumar perceived as an attempt to claim credit for the populist move. Kumar also remarked that Rabri Devi was only propped up by her husband when he was in trouble, referring to her becoming Chief Minister in 1997 while Lalu Prasad faced corruption charges. The war of words between the two rivals has intensified, with the RJD accusing Kumar of losing his mental balance and being unfit to rule.
Ajay Devgn and Honey Singh are in the mood for Money Money, and Rediff's Mayur Sanap, Hitesh Harisinghani and Afsar Dayatar capture the drama.
Credit-focused SIFs with lower minimum investment thresholds can provide a more practical option for investors with higher risk appetite, suggests Subodh Rai.
The government has set up an inter-ministerial group to monitor a possible surge in imports from countries like China, Vietnam and Thailand, fearing a surge in inbound shipments following the imposition of high reciprocal tariffs by the US on these countries, sources said. The product categories that may see an upsurge in diversion of imports from the US to India include consumer goods, electronics, chemicals and steel.
The Indian cricket team's assistant coach Abhishek Nayar has been sacked just eight months
Re-watching 1967's Jewel Thief evokes the joy of cinema, with its perfect blend of thrill, suspense, romance and music. A film like that can never be remade or be tampered with in any way, observes Deepa Gahlot.
'When Aamir Khan was being launched in Qayamat Se Qayamat Tak, Director Mansoor Khan needed a young vibrant youth anthem, a song that described the uncertain adventures of the young, as they stepped into the real world.'
To enable Indian banks and financial institutions to develop an aircraft-leasing ecosystem at GIFT City, the Ministry of Civil Aviation has sought support from the Ministry of Finance. It has also raised concern over slow progress in developing aircraft leasing in India.
The Congress party has claimed credit for the extradition of Tahawwur Rana, an accused in the 2008 Mumbai terror attacks, from the US, saying the Modi government did not initiate the process and merely benefited from the "mature, consistent and strategic diplomacy" begun under the UPA. Former Home Minister P Chidambaram said the government did not secure any breakthrough to make the extradition possible, nor is it the result of any grandstanding. He added that it was a testament to what the Indian state can achieve when diplomacy, law enforcement and international cooperation are pursued sincerely and without any kind of chest-thumping. Chidambaram detailed the UPA government's efforts in securing Rana's extradition, citing the registration of a case against him in 2009, diplomatic pressure on Canada and the US, and continued efforts despite legal setbacks. He highlighted the role of the UPA in securing Rana's conviction for other terrorism-related offences and the cooperation between the US and Indian agencies in gathering evidence and securing his extradition. The Congress leader further stated that it was the UPA's groundwork that paved the way for Rana's extradition, even after the change in government in 2014.
Debt-oriented mutual funds witnessed an outflow of Rs 6,525 crore in February, a sharp reversal from the strong inflow of Rs 1.28 lakh crore in the preceding month, chiefly due to redemptions in short-duration funds. Notably, 10 of 16 debt mutual fund categories reported net outflow during the month, data with Association of Mutual Funds in India (Amfi) showed.
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.
Fitch Ratings has removed energy infrastructure company Adani Energy Solutions Ltd (AESL) from its 'Ratings Watch Negative' list, the first upgrade by an international ratings agency since the US indictment. Fitch affirmed AESL long-term foreign and local-currency issuer default ratings (IDRs) at 'BBB-'.
rediffGURU Yogendra Arora answers readers' personal income tax queries.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Anmol Singh Jaggi and Puneet Singh Jaggi, once hailed as rising stars in India's clean energy sector, are now facing serious regulatory action.
'We in Kashmir will ensure that this kind of incident does not happen again.'
Archie Comics has released a new story featuring the celebration of Holi in India. The 10-page story, titled "Celebration Surprise," appears in "The World of Betty & Veronica digest #38." Co-CEO of Archie Comic Publications Nancy Silberkleit said the story was inspired by her own experiences celebrating Holi in India and her desire to celebrate Om Arora, the owner of Delhi-based Variety Book Depot, who has been a long-time distributor of Archie Comics in India.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Home Minister Amit Shah has asserted India's readiness to host the 2036 Olympics at the closing ceremony of the 38th National Games in Haldwani.
Sanju Samson, who will be leading Rajasthan Royals for a fifth successive year, credits Rahul Dravid's leadership as a major influence on his own approach.
Exporters on Thursday sought a fund of Rs 750 crore for three years to tap USD 25 billion export potential in the US, aiming to seize potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods. In its pre-Budget meeting with the finance ministry, Federation of Indian Export Organisations (FIEO) President Ashwani Kumar has also demanded extension of the five per cent Interest Equalisation Scheme (IES).
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
'He had wanted to present me in the likes of the heroines of the 60s whose churidar-kurta look with winged eyeliner and bouffant had captivated fashionistas at the time.'
'It showed me that this man had courage. He makes his own decisions, but he also trusted me enough in that moment to walk with me into the crowd,' Modi tells Lex Fridman on his podcast.
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