There are reports that the government will soon cut income taxes by about Rs 50,000 crore to boost consumption.
Prime Minister Modi, I suggest that, instead, you distribute about one lakh crore rupees per year to the 80 crore poor, which will boost both consumption and economic growth, suggests Kalyan Singhal, McCurdy Professor of Business at the University of Baltimore.
On landing at the airport, the passenger was attended by a doctor, subsequently treated at a hospital and discharged, the airline said in a statement on Saturday.
India played the tournament's best cricket for nearly six weeks but it was the familiar sight of Australia celebrating with the trophy as fireworks exploded overhead when the 13th edition of the World Cup came to a close on Sunday.
Market regulator Sebi on Monday moved the Supreme Court seeking 15 more days to conclude the ongoing probe into the allegations of stock price manipulation by the Adani group. The Securities and Exchange Board of India (Sebi), in its fresh application, said that it has examined and investigated 24 matters pertaining to the case. "Out of the said 24 investigations/examinations, 17 are final and complete and approved by the Competent Authority in accordance with Sebi's extant practice and procedures," the regulator said.
India's manufacturing sector continued with its robust performance in November, mainly on the back of substantial easing in price pressures and strengthening demand from clients, a monthly survey said on Friday. The strong performance of the manufacturing sector is expected to continue in 2024 as well. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 56 last month from the eight-month low level of 55.5 recorded in October.
The government has exempted units of investment trusts and ETFs issued by entities based in GIFT City or traded in exchanges there from capital gains tax. The Central Board of Direct Taxes (CBDT) notified the exemption from capital gains tax any unit of investment trust; a unit of a scheme; and a unit of an Exchange Traded Fund (ETF) launched under the International Financial Services Centres Authority (Fund Management) Regulations, 2022. Gujarat International Finance Tec-City (GIFT)-IFSC is being promoted as a tax-neutral enclave for the financial sector.
Reliance Industries (RIL) has reset its battery pack production timeline, shifting it from 2023 earlier to 2024, details shared in the oil-to-telecom conglomerate's latest annual report suggest. In the FY23 annual report released on Sunday, the company has listed the start of battery pack production in 2024. A year ago, at the company's annual general meeting (AGM), Mukesh Ambani, chairman and managing director of RIL, had said, "We aim to start production of battery packs by 2023 and scale up to a fully integrated 5 GWh annual cell-to-pack manufacturing facility by 2024."
Former India off-spinner Harbhajan Singh has nothing but empathy for Hardik Pandya as he navigates a challenging phase in his career and is hopeful that the all-rounder, who "hasn't been a free man in the last two months", will become one during next month's T20 World Cup.
Former West Indies skipper Brian Lara on Sunday backed Indian stars Virat Kohli and Rohit Sharma to play ICC T20 World Cup to be held next year in the West Indies and USA, saying that the duo has a lot of experience of Caribbean conditions.
The Supreme Court on Tuesday reserved its verdict on a batch of pleas challenging the abrogation of Article 370 of the Constitution which bestowed special status on the erstwhile state of Jammu and Kashmir.
The creditors of the grounded carrier Jet Airways on Wednesday raised questions over the source of Rs 200 crore deposited by the Jalan-Kalrock Consortium before the insolvency appellate tribunal NCLAT and said it does not align with the resolution plan. Additional Solicitor General N Venkataraman, representing lenders including SBI and other banks, told the National Company Law Appellate Tribunal (NCLAT) that there are apprehensions about the source of funds, which deposited money for Jalan-Kalrock Consortium's (JKC). "The payment is not compliant with the resolution plan as it mandates that the money is to be paid through JKC," ASG submitted before a three-member NCLAT bench headed by chairperson Justice Ashok Bhushan.
Gavaskar wants Ashwin to lead team out on field in Dharamsala in his 100th Test.
The growth of eight key infrastructure sectors rose to a 14-month high of 12.1 per cent in August 2023 against 4.2 per cent a year ago, mainly due to expansion in production of coal, crude oil, and natural gas, according to the official data released on Friday. The expansion in August is the highest since June 2022, when it was 13.2 per cent. The production of refinery products, steel, cement and electricity also grew in August, the data showed.
India has covered enough population with vaccine and infection, but protein vaccines should remain available on payment basis for elderly and those with comorbidities.
Former pacer Mitchell Johnson took a dig at Cricket Australia (CA) for inviting him to an award night just weeks after the governing body cancelled his speaking engagements.
India's highest wicket-taker in Tests Anil Kumble praised Ravichandran Ashwin's massive effort, the best for any Indian in West Indies.
India skipper Rohit Sharma on Sunday credited the young and inexperienced members of his side for their role in delivering the team's biggest ever Test win, in terms of runs, in Rajkot on Sunday.
Their eyes trained on the big-ticket T20 World Cup in the Americas in June, the national selectors aren't finding it easy to pick just one among Rohit Sharma and Virat Kohli for the upcoming Afghanistan series.
David Warner produces another rocking video, this time with hius mom Lorraine as the star!
The Supreme Court on Thursday reserved its verdict on a batch of petitions challenging the Karnataka high court judgment refusing to lift the ban on hijab in educational institutions of the state.
Adani group companies have reported a 13.7 per cent rise in cash reserve to Rs 45,895 crore in the first half of the current fiscal as earnings across the business rose while debt was almost unchanged. In the half-year credit performance report, Adani said while EBITDA rose to Rs 71,253 crore in April-September this fiscal from Rs 57,219 crore a year back, gross assets increased 6 per cent to about Rs 4.5 lakh crore. Gross debt was almost unchanged at Rs 2.26 lakh crore, but after considering cash reserves, the net debt at Rs 1.80 lakh crore was 3.6 per cent less than Rs 1.87 lakh crore in April-September 2022.
The Gujarat high court on Monday refused regular bail to Trinamool Congress (TMC) spokesperson Saket Gokhale in a case related to alleged misuse of money collected through crowd-funding.
Fintech firm One97 Communications, which owns the Paytm brand, on Wednesday said its loss in the fourth quarter of the financial year 2023-24 has widened to Rs 550 crore following the ban imposed by the RBI on transactions related to its payments bank. The company had posted a loss of Rs 167.5 crore in the same period a year ago, the company said in a regulatory filing. "Our fourth quarter FY24 results were impacted by temporary disruption on account of UPI transition etc. and permanent disruption because of the PPBL embargo.
An encyclopedia to the best Durga Pujo eating.
Australia win sixth World Cup title after Head hundred sinks India
The effort is to make the PM's interaction with the diaspora at Abu Dhabi's Sheikh Zayed Sports city stadium on February 13 the largest he has addressed.
According to the cause list for December 11, Monday, uploaded on the apex court website, a five-judge constitution bench headed by Chief Justice D Y Chandrachud would deliver the verdict.
Two persons were arrested in Surat in Gujarat for allegedly forging documents like Aadhaar and PAN cards as well as voter IDs using a website, in the process posing a serious threat to national security, a police official said on Monday.
Air India will provide 26 weeks of maternity leave to women employees as well as daycare support under its revamped policies. Besides, the airline will give women pilots the choice to opt for quicker turnaround flights till the child reaches the age of one year. The option will be subject to request and availability, according to an internal communication.
Among the Sensex firms, ICICI Bank and SBI led the index with the maximum gains of 4.68 per cent and 3.99 per cent, respectively. Other major gainers were Larsen & Toubro, Kotak Mahindra Bank and HDFC Bank. On the other hand, Wipro and Tata Motors defied the trend and traded in negative.
'The more educated a young person is, the higher the chances of him or her remaining unemployed.'
'The series has shown a lot of talent, for us and India. I love Test cricket and we've seen some young, inexperienced players perform and the future looks bright in this format.'
The bench left the question open on whether content of files on the basis of which the ban order was passed be given to the channel to enable it to defend itself.
Growth of eight key infrastructure sectors slowed down to 8.2 per cent in June 2023 compared to the year-ago month due to a decline in the production of crude oil, according to the official data released on Monday.
With the government clearing the decks for direct listing at the Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC), issuers will wait for the ecosystem to develop further before firming up their listing plans. In the meantime, most companies may continue to prefer listing in the onshore market, even as the new avenue provides key benefits such as tax waivers and reduced foreign exchange risk. Sources said that a few key things need to be ironed out further.
The Supreme Court on Tuesday deprecated criticism of electronic voting machines (EVMs) and calls for reverting to ballot papers, saying the electoral process in India is a "humongous task" and attempts should not be made to "bring down the system".
The ED, which is probing 'illegal' sand mining under the Prevention of Money Laundering Act apprised the court that it is in possession of credible scientific evidence.
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
Kandula, 23, was struck by a police vehicle driven by Officer Kevin Dave when she was crossing a street in Seattle on January 23.
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