If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
Kotak Mahindra Bank was the biggest loser in the Sensex pack, sliding 2.68 per cent, followed by Tech Mahindra, Mahindra & Mahindra, Axis Bank, Hindustan Unilever, Tata Motors, Tata Consultancy Services, Bajaj Finserv, Bajaj Finance, Nestle and Titan. In contrast, NTPC, Power Grid, Larsen & Toubro, HDFC, Reliance and HDFC Bank were the gainers.
Prime Minister Narendra Modi chaired a meeting of the Cabinet Committee on Security on Thursday after Russia launched an attack on Ukraine.
'The CM kept his cool, but his adviser was liberal with filthy language.' Tamal Bandyopadhyay recreates the diary of a general manager in a public sector bank, providing a glimpse of how they balance their work and life.
"In principle, India should get more, there is no doubt about that but ... how is this table being developed?" Sethi said.
The investor education and protection fund authority (IEPFA) has reached out to top hundred companies to reduce the documentation required for individuals trying to claim their shares, according to a senior government official. Recently, the Supreme Court-appointed expert panel on the Adani-Hindenburg case had raised issues such as capacity constraints faced by IEPFA in clearing these claims which are over Rs 5,000 crore. "Our immediate priority is to ensure that claims of those investors whose application was approved a year ago but the transfer has not gone through yet are settled first.
Schwab, 54, will serve on the audit and finance committees.
Kerala Finance Minister KN Balagopal on Friday urged the Centre to provide more fiscal powers to the states as well as increase the shareable proportion of the GST collections. Besides, he asked the central government to expedite approval for the semi-high-speed railway line or the Silverline project from Thiruvananthapuram to Kasargod. The project is mired in controversies.
Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.
Let's wait for the monetary policy on February 8 -- to see how it complements the fiscal commitments, points out Tamal Bandyopadhyay.
'There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.' 'But if there is continued inflation, it means liquidity is aggravating the situation.'
The action came after investigations carried out by an inter-ministerial committee formed by the home ministry in 2020.
It is when one looks away from the immediate song and dance and at the granular detail of what has been going on since 2014 that one realises what the quality and competence of thinking and execution is in this project we call New India, asserts Aakar Patel.
Since few read discussion papers or Parliament committee reports on Budgets, this doesn't help policymaking
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
The crucial IPL Governing Council meeting began in Mumbai on Monday, barely hours after the BCCI suspended Lalit Modi as the chairman and commissioner of the high-profile Twenty20 event.
The International Olympic Committee executive board on Wednesday recommended withdrawing recognition of the International Boxing Association (IBA).
BCCI's media and finance committee chairman and Congress M P Rajiv Shukla on Friday defended junior foreign minister Shashi Tharoor on the Indian Premier League's Kochi ownership row, saying that there was 'no reason to disbelieve him'.
Mortgage lender HDFC Ltd on Friday hiked its lending rate by 50 basis points hours after the Reserve Bank raised the benchmark interest rate to tame inflation. The move would increase EMIs for housing loans by the firm. "HDFC increases its Retail Prime Lending Rate (RPLR) on Housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 50 basis points, with effect from October 1, 2022," the country's biggest housing finance company said in a statement.
The Board of Control for Cricket in India (BCCI) on Monday chose to remain mum on the 'spot-fixing' scandal involving Pakistani players, saying the matter is for the International Cricket Council (ICC) and the Pakistan Cricket Board (PCB) to deal with.
The BCCI stuck to its stand of steering clear of the no-ball controversy but said the Sri Lankan Board should take action against its players if they are found guilty of violating ICC rules during a tri-series match against India at Dambulla on Monday.
In 2010, India has already played seven Tests, 18 ODIs and seven T20s with the Indian Premier League sandwiched in between.
The Board of Control for Cricket in India on Monday denied receiving any complaint from Indian cricketers about hectic scheduling, and insisted that it is not forcing them to play in case of fatigue or injury.
From the Sensex pack, Bajaj Finance, Bajaj Finserv, Reliance Industries, Wipro, HDFC Bank, HDFC, ICICI Bank and Tata Steel were the major laggards. ITC was the lone winner in the Sensex pack.
A team of tax department officials is undertaking the raids against Jadhav, also the chairman of the BMC standing committee, since early morning, they said.
The finance ministry has said that the Goods and Services Tax will not apply on room rents of 'sarais' (inns) or properties managed by religious and charitable institutions. The clarification was issued by the Central Board of Indirect Taxes and Customs (CBIC) on Thursday evening to clear the confusion with regard to the levy of GST on room rents. This clarification by the Finance Ministry came following a demand from various quarters including AAP MP Raghav Chadha that the GST on rooms rented by religious institutions be withdrawn.
The ED carried out searches against two former auditor firms of IL&FS -- BSR and Associates and Deloitte Haskins and Sells -- on Wednesday in connection with its money-laundering probe into alleged financial irregularities at the infrastructure development and finance company, official sources said. The premises linked to the two auditors in Mumbai were searched under the provisions of the Prevention of Money Laundering Act (PMLA), they added. The action came a week after the Supreme Court set aside a Bombay High Court verdict that quashed an SFIO probe against the two companies, both former auditors of IL&FS Financial Services, paving the way for action against them under the Companies Act and allowing the National Company Law Tribunal (NCLT) to take forward its enquiry against them.
'I believe that the grounds for my listing are based on heresy and disinformation by the Indian government'
Blaming it on misinterpretation by the media, former India captain Sourav Ganguly on Saturday denied accusing the BCCI of discrimination in selection matters and said the Board should have checked his comments before reacting so sharply.
Projects worth Rs 500 crore and above and up to Rs 1,000 crore can be cleared by the Finance Minister.
Hailing Indian cricket team's comprehensive win against Australia in the second Test, BCCI Finance Committee chairman Rajiv Shukla on Tuesday said the victory has silenced those who criticised the senior players unnecessarily.
India's cash-rich cricket board could lose up to US$10 million in revenue following the scrapping of this month's tour of Pakistan, domestic media reported on Friday. India had been scheduled to play three Tests, five one-dayers and a Twenty20 international during that tour. The Pakistan Cricket Board had said they could lose up to $20 million in revenue.
Alka Mittal has been appointed interim chairman and managing director of Oil and Natural Gas Corporation (ONGC) - the first woman to head the country's largest oil and gas producer. Mittal replaces Subhash Kumar, another interim head who retired after reaching superannuation age on December 31. "The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Ministry of Petroleum and Natural Gas for entrustment of additional charge of the post of chairman and managing director (CMD), ONGC to Alka Mittal, director (HR), ONGC for a period of six months with effect from January 1, 2022, or till the appointment of a regular incumbent to the post, or until further order, whichever is the earliest," the Department of Personnel and Training (DoPT) said in an order dated January 3, 2022.
India has hit out at China for blocking a move to designate Pakistan-based LeT leader Sajid Mir as a "global terrorist" by the UN, saying it shows a lack of genuine political will to fight the scourge of terrorism.
Kerry is scheduled to head to India later this month for the fourth annual US-India Strategic Dialogue.
There are over 1.36 lakh employees, including employees and pensioners under the new pension scheme.
Rai said that the best part about central contracts was that it ensured a decent earning for domestic players.
'Politics is a game of public perception and my father felt that by his long disappearances, Rahul Gandhi was losing the battle of perception.'
The Supreme Court on Friday said lawyers and professionals with 10 years of experience will be eligible for appointment as president and member of the state consumer commission and district forums.
The increase reflects a quarter-on-quarter increase of 2.6 per cent in October-December 2022-23. In absolute terms, the total liabilities, including liabilities under the 'Public Account' of the government, jumped to Rs 1,50,95,970.8 crore at the end of December 2022.
