The deficit stood over Rs 8 trillion in the first seven months of the current financial year. Non-tax revenues, comprising transfers from the RBI and dividends of the public sector units, shored up the Centre's revenues.
He will take oath on November 9, a day after incumbent CJI Justice Uday Umesh Lalit demits office on attaining the age of 65.
Exclusion of SCs, STs and OBCs, who constitute a large segment of the population, from the reservation for economically weaker sections in admissions and government jobs violates the right to equal opportunity, the Supreme Court said on Monday in its minority verdict striking down the 103rd Constitution amendment.
In nearly 100 seats, the BJP stands almost no chance of winning. In 200 seats, it is a direct fight between the BJP and the Congress where the BJP has an upper hand. In 243 seats, the BJP is pitted against regional parties and it is not going to be easy. That is why 400 seats may end up as a pipe dream, states Ramesh Menon, author of Modi Demystified: The Making of a Prime Minister.
"The ray of hope being seen by the world will glow brighter -- for this, I firmly believe the finance minister will make all efforts to meet these aspirations," Modi said.
India on Thursday abstained on a draft resolution in the UN Human Rights Council in Geneva on promoting reconciliation, accountability and human rights in Sri Lanka which was adopted.
The US Commission for International Religious Freedom (USCIRF) also recommended to the Congress to raise the issue of religious freedom during US-India bilateral meetings, and hold hearings on it.
Offenders will be tried under Prevention of Money Laundering Act
A bit of economic reforms stalled and decisions delayed -- what Narayana Murthy spoke of -- don't hurt if a country's compassionate and inclusive social fabric has survived intact; if the country is happy, observes Shyam G Menon.
Notwithstanding concerns about lofty valuations, smallcaps recorded their most significant monthly gain in nearly three years in November. The National Stock Exchange Nifty Smallcap 100 finished the month with a 12 per cent gain, the most since February 2021 when it rose by 12.2 per cent. After declining by 4.1 per cent in the preceding month, the Nifty Midcap 100 rose by 10.4 per cent, the most since July 2022.
'We are calling companies to set up assembly plants for mobile phones while all the components are imported.' 'Only the last turn of the screwdriver is done here. And you call it self-reliance, Atmanirbharta, etc.' 'Unless you invest in research, you will not climb up the ladder. But this government is happy getting sub-contract work.'
Prime Minister Narendra Modi on Wednesday praised Fiji's Constitution which reflected the will of an enlightened nation, guaranteed freedoms and rights to the citizens, ensured their basic needs and empowered them.
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
'What will matter in 2024 from the market standpoint is the direction of interest rates globally, as well as in India.' 'The results of the general elections will also be keenly watched.'
This is a good opportunity for long-term investors to pick quality small and midcap stocks at reasonable valuations.
The stock of Godrej Consumer Products Limited (GCPL) fell about 3.7 per cent in trade after its Q3FY24 earnings disappointed brokerages and led to downgrades. Further, the stock, after a 15 per cent run-up over the past month prior to Monday's correction, had already factored in the upside from the business front. Its peer in the consumer space, Marico, too, saw a 4 per cent drop in its stock price.
'As part of our D33 strategy, the plan is to establish 30 unicorns in Dubai within the next 10 years.'
Introducing reservations for economically weaker sections in admissions and government jobs is permissible but excluding SCs, STs and OBCs as they enjoy pre-existing benefits is to heap fresh injustice, the Supreme Court said in its minority verdict on Monday, striking down the 103rd Constitution amendment.
The next quarter-century could mark India's rise as a nation to be more whole-heartedly admired if it addresses its institutional and policy failures, and focuses on reducing its inequalities and addressing its iniquities, asserts T N Ninan.
As a step to entrench its consumer finance business, Bajaj Finance (BFL) plans to scale up its business-to-business (B2B) activity, both in terms of volume as well as value. It plans to add up to 1,000 cities in the next three years and this will mark its presence in around 5,000 cities. The expansion activity will be more in Northern and Eastern India.
Prime Minister Narendra Modi and United States President Barack Obama will meet on Sunday, January 25, at Hyderabad House a few hours after the American leader's arrival in New Delhi.
Rulers in New Delhi and their political aides in sensitive states like Tamil Nadu have to be doubly careful not to provoke a situation whose consequences may be much more than visible now to the naked eye, notes N Sathiya Moorthy.
The Supreme Court, by a majority view of 3:2, upheld the validity of the 103rd Constitution amendment providing 10 per cent reservation to people belonging to economically weaker sections (EWS) in admissions and government jobs.
The chemicals sector's recovery could be delayed until FY25 if the current trends of weak demand and flat pricing continue. Following a subdued September quarter, the revenue and profit performance of listed chemicals companies are anticipated to fall short of initial expectations of an improvement. Despite some price stability, the demand trajectory remains uncertain.
...close to the 2024 general election. The BJP calling the Congress 'seasonal Hindu' is as laughable as the saffron party sparing itself the title of 'seasonal extreme Hindu.'
How else should one describe its election campaigns of the past years?
It was typically obsessive religion and personality cult with economic development for fig leaf, asserts Shyam G Menon.
There were concerns in Sri Lanka about the huge trade imbalance.
'If you look at the order books of capital equipment companies or money deployed on the ground, there is forward movement in terms of actual investment by the private sector.'
'Had they agreed to our demands that we raised two years ago, we would have never started our agitation again.'
'Our civil society here is vibrant, and courageous, although it is beaten up and beaten down, repeatedly.'
'This is what happens to a party when it gets trapped in the vicious circle of nepotism and dynastic politics'
Deepa Gahlot lists Hindi biopics about Indian political leaders: Some worked, some did not, but they managed to avoid controversy.
Das had claimed that the alleged electoral manipulation by the BJP also appeared to have taken the form of targeted electoral discrimination against Muslims, "partly facilitated by weak monitoring by election observers."
'I welcome Droupadi Murmu as the first Adivasi woman President of India, but her track record has not been good as a politician and governor of Jharkhand when it came to helping Adivasis,' points out activist Gladson Dungdung.
The main Opposition BNP of former premier Khaleda Zia, 78, who is under house arrest, is boycotting the elections amidst violence.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
Reservation should not continue for an indefinite period so as to become a "vested interest" and the vision of the framers of the Constitution that there should be a "time span" for such quotas has not been achieved, the Supreme Court said on Monday in its majority judgment while upholding the EWS quota.
The three main political parties in Pakistan on Sunday intensified their efforts for the formation of a coalition government after it became clear that the coup-prone country faced a hung Parliament after general elections marred by allegations of rigging.
Udayanidhi has handed over to the BJP one real issue to draw the line between it and the INDIA alliance, predicts N Sathiya Moorthy.
The Congress on Thursday renamed the Rahul Gandhi-led Manipur-Mumbai yatra starting on January 14 as the Bharat Jodo Nyay Yatra, which will travel through 100 Lok Sabha segments in 15 states including Arunachal Pradesh, and asserted it will prove to be as 'transformative' as his earlier cross-country march.
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