In a memorable year for the equity market, Dalal Street investors added a whopping Rs 81.90 lakh crore to their wealth in 2023 as a raft of positive factors powered a stellar rally in stocks. Experts said India's strong macroeconomic fundamentals, political stability owing to the BJP's success in recent elections in three significant states, optimistic corporate earnings outlook, signals from the US Federal Reserve about three prospective rate cuts next year and heavy retail investors participation played a major role in fuelling the stock market rally in 2023. In the year 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73 per cent.
'Foreign policy-making cannot be shifted out of Delhi and the regional satraps, who do not have a national perspective, should not be allowed to dominate foreign policy. But regional inputs should be integral to foreign policy-making at every step of the way,' says Ambassador T P Sreenivasan.
If a citizen chooses not to use Aadhaar as the default unique identity, then other unique identity proofs masked and linked to Aadhaar would be used.
Once the Canadian investigation runs its course, Ottawa may put on the public domain further accusations passing for "evidence" -- and that could happen at some point closer to our general election. All in all, the big question is, what is it that the US is really up to, asks Ambassador M K Bhadrakumar.
Department of Telecom is considering to move a Cabinet note suggesting that telecom companies with no foreign direct investment should be allowed to have foreign chief executives.
According to a 2021 Redseer report, India's overseas education market is estimated to more than double to $80 billion by 2024.
'In 1984, Pyongyang just had one hotel and one could not move out without an official escort.' 'India was the only country with an embassy, apart from the socialist countries.'
The Enforcement Directorate on Wednesday searched the office of Karti Chidambaram, son of former Finance Minister P Chidambaram, in connection with its probe against firms owned by his friends.
'These are people whom very few give importance and they were doing a mammoth job for the nation.'
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
The chargesheet also said they did not maintain exclusive books of account for receipt of foreign contribution and Sabrang could not produce segregated books of accounts for checking.
FO said that the Indian government failed to take notice of the increasing incidents of intimidation of Pakistani diplomats, their families and staffers by its intelligence agencies.
China on Thursday voiced its opposition to India's reported plans to hold the next year's meeting of G-20 leaders in Jammu and Kashmir.
In an open letter, they appealed to her to convey their concerns to the Union government and caution them that the attempt to change the character of the civil services is fraught with extreme danger and will 'spell the death of the constitutional government in India'.
In Amman, Biden will meet with King Abdullah of Jordan, Egyptian President Abdel Fattah El-Sisi, and Palestinian Authority President Mahmoud Abbas.
With response tepid so far from domestic investors, these funds might soon approach FIPB for approvals.
Acting tough, India on Monday called off foreign secretary-level talks with Pakistan next week and conveyed a blunt message that it was interfering in India's internal affairs by holding talks with Kashmiri separatists which was "unacceptable".
'To the believers of crypto regulations, I have only one question to ask, how will you regulate it?'
India and the US are among the countries excluded from the list of nearly 60 low-risk countries.
The adjudicating authority of the Enforcement Directorate ED has adjudicated a show cause notice issued to Amnesty India International Pvt Ltd (AIIPL) and its CEO Aakar Patel for contravention of the provisions of Foreign Exchange Management Act and imposed a penalty of Rs 51.72 crores and Rs 10 crores respectively on them, the probe agency announced on Friday.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
Pakistan's High Commissioner to India Shahid Malik arrived in Islamabad on Tuesday for consultations to finalise the country's response to the Indian dossier on the Mumbai attacks, which is expected to be handed over this week. The High Commissioner is expected to meet Interior Ministry chief Rehman Malik, Law Minister Farooq Naek and Foreign Secretary Salman Bashir to discuss India's response, to questions Pakistan had posed after receiving the Indian dossier, sources said.
Pakistan has asked India to reschedule talks on the Sir Creek border dispute which were to be held in New Delhi next week, diplomatic sources said on Thursday.
Modi will accompany on July 25 from Rashtrapati Bhavan to 12 Janpath as a courtesy.
If Mr Modi is to be blamed for the post-Godhra riots, he should also be given credit for maintaining peace after the Akshardham and Ahmedabad terror attacks. The BBC will never tell you that, points out Colonel Anil A Athale (retd).
India and Pakistan agreed last year on a number of steps aimed at increasing bilateral trade.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
A bench of Justices B R Gavai and Vikram Nath asked the Centre to furnish details of the experts in the task force who specialise in cheetah management, their experience and qualification within two weeks.
'This action sends out a very nasty message in a very strong way -- that nobody is exempt.' 'It is also an attempt to extend the definition of who is an anti-national, who's a terrorist, a definition that's becoming looser under this regime.' 'The sad part is that by the time the courts acquit those arrested, they would've spent years in jail and been taught a lesson.'
Missing the deadline for filing Income Tax returns can lead to consequences.
Institutional investments in real estate may fall 20 per cent to $4 billion during this calendar year because of a higher inflow of funds in 2020, according to property consultant JLL India. During the January-September period, the institutional investment rose to $2,977 million from $1,534 million in the year-ago period. "Unless some large portfolio deals are not inked at the end of the year, annual investments are expected to be in the $3.8-4 billion range in 2021," JLL said in a statement. Institutional investments managed to cross the $5 billion mark in 2020 due to large portfolio deals worth $3.2 billion during the last quarter of the year.
At least 200 investors have to furnish financial statements
United States Secretary of State John Kerry has held wide-ranging talks with visiting Foreign Secretary Sujatha Singh on key issues, including the regional situation with respect to Afghanistan, Pakistan and Bangladesh.
Recently declassified documents reveal that the Indian government wanted to invade the sacred precincts of the Golden Temple even if it hurt national interest, says senior Bharatiya Janata Party leader Arun Jaitley.
Within six months, outlets carrying Vicks jumped from 60,000 pharmacies to 750,000 general stores. The trade boycott collapsed. Consumers were happy, finding Vicks now at every street corner. A fascinating excerpt from Gurcharan Das's Another Sort of Freedom.
Historians and conservation architects describe the old edifice as a "repository of India's history" and its "democratic ethos", and an "architectural jewel" of Delhi.
Pakistan will formally respond within a week to India's dossier on the Mumbai attacks by describing the information provided in it as "scanty and insufficient" and by renewing its offer for a joint probe into the terrorist strike, a media report said today.
Do not declare them under Income Tax.
One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).
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