Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal Bandyopdhyay.
Ratings firm Crisil said on Wednesday that the uncertainties surrounding the US tariffs might be a new hindrance to capital expenditure decisions in the current financial year. The additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect on Wednesday, bringing the total amount of levies imposed on New Delhi to 50 per cent.
'The elimination of terrorists does not imply the neutralisation of terrorism. That terrorist ecosystem continues to thrive in Kashmir.'
India and Russia always stood "shoulder-to-shoulder" even in the most difficult situations, Prime Minister Narendra Modi told Russian President Vladimir Putin on Monday, against the backdrop of possibly the worst phase in New Delhi's ties with the US in over two decades.
The anti-corruption unit of the Central Bureau of Investigation also searched the residences and offices of those engaged in supplying materials for the management and care of patients.
Jammu and Kashmir Lieutenant Governor Manoj Sinha dismissed two government employees, both teachers, for their alleged links with terrorists. The action is part of Sinha's zero-tolerance policy against terrorism and a broader crackdown on the terror ecosystem within Jammu and Kashmir.
Prime Minister Narendra Modi criticized the RJD's past education policies in Bihar, attributing migration to the state's poor education system under their rule. He praised the current NDA government's efforts to improve education and development, launching several initiatives focused on youth skilling and education in the state.
The festival organiser, Garg's manager and two band members -- Goswami and Amritprabha Mahanta -- have been arrested in the case and sent to 14 days of police remand.
India's new climate pledge to the UN could be weakened by its growing use of coal, even as the country plans a 2035 roadmap to cut emissions and boost clean energy.
Priti Kinnar, a transgender social worker, is set to contest the Bihar assembly elections from Bhorey seat on a Jan Suraaj ticket, challenging the incumbent Education Minister. Her entry into politics has sparked mixed reactions, with some seeing it as a potential boost for the transgender community and others questioning its impact on the election outcome.
'The heat shield technology for re-entry vehicles was first mastered in DRDO for the Agni missile.' 'This is why the Americans were so opposed to Agni in the 1980s, unlike other missiles -- it was a re-entry vehicle.'
The likes of Sengottaiyan can help Vijay navigate it better and faster -- but not necessarily to his goal, which is farther, and can move towards or away from him as well in the weeks and months to come, points out N Sathiya Moorthy.
Currently, India has five publicly listed Reits: Brookfield India Real Estate Trust, Embassy Office Parks Reit, Mindspace Business Parks Reit Nexus Select Trust, and Knowledge Realty Trust.
'When you compare Bihar's poverty from its earlier times, then there is a huge difference. Things have improved a lot. And migration has played an important role in reducing poverty.'
'What we need to watch is how Saudi Arabia's financial assistance will be used by Pakistan. If the funds go to build their military hardware and operations, it should worry us.'
India needs to limit its reliance on multinational corporations (MNCs) for strategic audits and consulting in order to strengthen its economic sovereignty and achieve the goal of Atmanirbhar Bharat, the Ministry of Corporate Affairs (MCA) said in an office memorandum released on Wednesday.
The administration appealed that the process of law should be allowed to take its own course and expressed confidence that "together we will bring back normalcy in the peace-loving Leh township and continue with our dialogue process".
'When maximum voter participation occurs, they do not vote to re-elect the incumbent government. They vote to change it.' 'How can anyone credibly suggest that crores of young voters -- particularly the unemployed youth -- would vote to re-elect an existing government that has demonstrably failed them?'
'There are cases of suicides, and middle-class families losing their entire family savings.'
'The rescue of 17 children represents exemplary police action that merits considerable appreciation.' 'However, this encounter was profoundly unfortunate because somebody has lost his life.'
Lining up its 2030 strategy, Hyundai said it was targeting up to 30 per cent export contribution and over 1.5-fold rise in revenue, to cross the 1 trillion milestone in five years.
In 2023, the BCCI announced a deal with Dream11 as the lead sponsor for Team India. Dream11 replaced Byju's, whose contract ended in March that year, and had signed the agreement with BCCI for a period of three years.
Prime Minister Narendra Modi on Wednesday asked the Congress to tell the nation who prevented India's military response after the 26/11 Mumbai terror attacks linked to Pakistan, and accused the party of weakening the fight against terrorism when in power.
Information technology (IT) services major Infosys on Wednesday announced the formation of a joint venture (JV) with Telstra, Australia's leading telecommunications and technology company. This will allow Infosys to accelerate artificial intelligence (AI)-enabled cloud and digital solutions for Australian businesses.
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
The Employees' Provident Fund Organisation (EPFO) board has approved liberalised part withdrawals for subscribers, allowing up to 100 per cent EPF withdrawal, and rolled out the 'Vishwas Scheme' to reduce litigation through rationalised penal damages.
'This is not a case of tax evasion but the result of long-standing ambiguities in GST rules and unawareness.'
'Returning Indians can leverage their international skills and the strong funding environment for start-ups here.'
'If we want to pivot meaningfully from a services-driven economy to a technology and manufacturing-led one.'
'People message me on Instagram saying that because of your novel, I find happiness, it helps me deal with depression. When I see this, I realise that I'm doing something meaningful'
Khelo Bharat Niti: Regulatory bodies for better sports administration but will IOA, NSFs play ball?
'The directives to enhance last-mile funding, consider revival funds, and systemic reforms across the sector are expected to revive stalled projects, improve accountability, and accelerate the delivery of affordable and mid-income housing.'
The ultra-rich invest differently -- embracing growth, compounding, and long-term clarity to build wealth with purpose and discipline, explains Ramalingam Kalirajan.
'Reits are suitable for investors seeking regular income and real estate exposure without managing physical properties, especially NRIs and retirees.'
Retirement fund body EPFO recorded a 13.46 per cent year-on-year growth in net member addition of 21.89 lakh in June, according to the latest payroll data released on Wednesday. The Employees' Provident Fund Organisation's (EPFO) provisional payroll data for June 2025 showed a net addition of 21.89 lakh members, marking the highest recorded addition since payroll data tracking began in April 2018, a labour ministry statement said.
The Enforcement Directorate said on Monday that it had conducted search operations at four locations in Mumbai and Delhi as part of its money laundering investigation into an alleged Rs 4,500 crore (Rs 45 billion) fraud by Pancard Clubs Limited and others, in which more than 5 million investors have been duped.
The government has identified 50 public-private partnership (PPP) projects worth over Rs 60,000 crore, significantly surpassing the original targets of the National Monetisation Pipeline, said Ports, Shipping, and Waterways Minister Sarbananda Sonowal at the Business Standard Infrastructure Summit on Thursday.
The Delhi high court has protected the personality rights of Bollywood actor Abhishek Bachchan, restraining websites and online platforms from illegally using his name or images for commercial gain without his consent.
As AI deepfakes threaten star personas and commercial interests, celebrities approach the courts with personality rights petitions.
The Enforcement Directorate (ED) is investigating the assets and finances of Jalaluddin alias Chhangur Baba, the alleged mastermind of an illegal religious-conversion racket in Uttar Pradesh. The ED has written to various authorities and banks to gather information and is expected to seek custodial remand for questioning.
