Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries
Saying that prison inmates do not cease to be human beings and can't be deprived of the fundamental right to life, the Bombay High Court on Thursday directed the Maharashtra government to transfer alleged Maoist leader Nirmala Uppuganti from jail to a hospice for palliative care on account of her terminal cancer.
The government on Tuesday proposed to extend the period of incorporation of eligible startups by one more year till March 31, 2023 for providing tax incentives, a move aimed at encouraging budding entrepreneurs. Finance Minister Nirmala Sitharaman in her Budget speech said startups have emerged as drivers of growth for the economy and over the past few years, the country has seen a manifold increase in successful startups. Eligible startups established before March 31, 2022 had been provided a tax incentive for three consecutive years out of ten years from incorporation.
The order said that a complaint has been made before the court under various sections of the Indian Penal Code related to extortion and criminal conspiracy and the court is satisfied that the accused i.e., Singh has absconded or concealing himself to avoid the service of the warrant.
Housing sales are likely to be hit, especially in affordable and mid-income categories, following the RBI's decision to hike repo rate, according to real estate developers and consultants. However, the impact of RBI's decision to raise the benchmark lending rate by 50 basis points to 5.40 per cent is expected to be for a short term, they added. This is the third consecutive rate hike after a 40 basis points and 50 basis points increase in May and June, respectively.
Apart from Bengaluru, the other Indian cities featured among the top ten most congested cities globally are: Mumbai at fourth position with 65 per cent congestion (same as the traffic congestion level in 2018) followed by Pune at fifth place with 59 per cent congestion, and New Delhi at eighth position with 56 per cent congestion level.
The outstanding credit card base dropped to 77.99 million in August from over 80 million in July, mainly on account of the new norms of the Reserve Bank of India (RBI) that warrant the deactivation of cards that are inactive for a year. While there was a 2.8 per cent decline in net card additions on a month-on-month (MoM) basis in August, a first in many months, credit card spends slipped 3 per cent on a high base. Still, spends topped the Rs 1-trillion mark for the sixth consecutive month.
India's largest traders' association CAIT on Tuesday said few multinational e-commerce giants with a heavy arsenal of funding are attempting to flout foreign investment guidelines for the sector and demanded strict enforcement action. Releasing a whitepaper on the e-commerce policy, the Confederation of All India Traders (CAIT) said e-commerce entities have "structured their relationship as marketplace with sellers in a such a way that they are in a position to control either seller on their platform or the inventory and also escape the scrutiny of the enforcement agencies." "Under the guise of such control or ownership over sellers, the issue also permeates from being a mere FDI policy violation to also being an anti-competitive conduct," it said.
The National Company Law Appellate Tribunal has directed the new board of the debt-ridden IL&FS Group to distribute Rs 16,361 crore of cash and InvIT units available across the Group to its creditors on pro-rata basis. The interim distribution award of Rs 16,361 crore includes Rs 11,296 crore in cash and Rs 5,065 crore in InvIT units (Infrastructure Investment Trusts) and a majority of this is to be distributed to the creditors of three large group firms -- IL&FS, IFIN and ITNL. "The interim distribution shall be confined only to the entities as reflected in Annexure-6 except those excluded and for the amount of Rs 16,361 crores i.e Rs 11,296 crore of cash and Rs 5,065 crores of InvIT Units," said an order by a two-member NCLAT bench headed by Chairperson Justice Ashok Bhushan.
The deliveries of petrol variants will start from October 30 while that of diesel trims from the last week of November. The company said it has garnered 65,000 bookings of XUV 700 in two weeks of commencing the process.
Two boys were seriously injured when an improvised explosive device hidden by militants near a stream went off.
Several income tax proposals, including 30 per cent tax on income from trade in cryptocurrencies will come into effect from Friday. Also, the revised norms for levy of 1 per cent TDS (tax deducted at source) on sale of immovable property exceeding Rs 50 lakh will come into effect from April 1, the beginning of the new financial year. As per the revised norms, TDS of 1 per cent shall be deducted on consideration or stamp duty value, which ever is higher, as against the earlier provision of consideration.
Mihir Tanna, Associate Director, S K Patodia & Associates, a chartered accountants firm that offers consultancy, audit and tax services, will answer your queries.
The official order read, 'Kamal Pant, IPS, Commissioner of Police and Additional District Magistrate, Bengaluru City, hereby prohibit any gathering, agitation or protest of any type within the area of 200 metres radius from the gate(s) of the Schools, PU Colleges, Degree Colleges or other similar Educational Institutions in Bengaluru City, for a period of two weeks with immediate effect i.e. from 9-2-2022 to 22-2-2022.'
Several Supreme Court lawyers on Monday wrote to the apex court alleging that they have received calls threatening judges over the case involving the security breach that left Prime Minister Narendra Modi stuck for 20 minutes on a flyover in Punjab last week.
Strength coach Spoorthi, Cult.fit tells you how to build muscles without the use of weights.
Delight family you might visiting abroad with a gift of homemade theplas.
The former journalist unsuccessfully contested the recent West Bengal assembly elections on a Bharatiya Janata Party ticket.
The Madras high court on Tuesday held that the devotees of Thenkalai sect must be given the first two or three rows inside the Varadaraja Perumal temple in Kanchipuram and behind them the Vadakalai sect, and ordinary devotees shall be permitted to sit in the remaining available space.
Centre has sent an advisory to states on HFMD (Hand Foot and Mouth Disease), commonly known as Tomato Flu, stating that it's a self-limiting illness targeting mostly young children aged 1-10 years and immune-compromised adults and no specific drug exists to treat it.
Special Judge Santosh Snehi Mann passed the order on a petition filed by the CBI seeking revision of the order passed on Thursday by a magisterial court which also asked the agency to apologise to Patel.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
It is high time to stop playing it safe, overcome our fear of failure and think of becoming entrepreneurs.
Markets regulator Sebi is contemplating reforms in the IPO norms, especially on the book building, fixed price aspects and certain provisions pertaining to price band, its chief Ajay Tyagi said on Wednesday. Apart from initial public offer (IPO), the regulator is looking into further reforms on preferential issue front, Tyagi said at the FICCI's annual Capital Market Conference. He further said that the focus on review of equity fund raising norms will continue in the near future.
The Delhi high court on Wednesday delivered a split verdict with one of the judges favouring striking down the provision, and the other holding it was not unconstitutional.
American brokerage firm Morgan Stanley on Thursday sharply cut its India FY23 real GDP growth estimate to 7.9 per cent, mainly due to the impact of the Russia-Ukraine conflict on oil prices. Analysts at the brokerage also raised their inflation forecast to 6 per cent - the upper end of the tolerance band for the RBI - and flagged stagflation risks because of the ongoing events. "We believe that the ongoing geopolitical tensions exacerbate external risks and impart a stagflationary impulse to the economy," they said. It can be noted that stagflation involves a stagnancy in output or growth, coupled with high inflation.
The Bombay high court on Monday rejected the bail plea filed by Delhi University's associate professor Hany Babu, who is an accused in the Elgar Parishad-Maoist links case.
The Centre will make it mandatory for carmakers to provide a minimum of six airbags in motor vehicles that can carry up to 8 passengers for enhanced safety of occupants, Union Minister Nitin Gadkari said on Friday. In a series of tweets, the Road Transport and Highways Minister said his ministry had already mandated the implementation of fitment of the driver airbag with effect from July 1, 2019 and front co-passenger airbag with effect from January 1, 2022. "In order to enhance the safety of the occupants in motor vehicles carrying upto 8 passengers, I have now approved a Draft GSR Notification to make a minimum of 6 Airbags compulsory," Gadkari said.
Office politics exists in many organisations, so don't let that bother you, advises HR Guru Mayank Rautela.
This is the world's first DNA-based vaccine against the coronavirus, and this three-dose vaccine when injected produces the spike protein of the SARS-CoV-2 virus and elicits an immune response, which plays a vital role in protection from the disease as well as viral clearance
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
With the restart of economic activity, fraudsters have shifted their focus to target unsuspecting people from travel and leisure, communities (online forums) and logistics sectors, a report said.
Paytm founder and chief executive officer (CEO) Vijay Shekhar Sharma will receive his stock grants only after the company's market capitalisation (m-cap) stabilises at its initial public offering (IPO) level, the financial technology (fintech) major said on Wednesday. Paytm's stock price has been in free fall since its IPO at Rs 2,150 apiece, with m-cap at around Rs 1.4 trillion - plunging 76 per cent to a lifetime low of Rs 520 on March 23, when m-cap dropped below Rs 34,000 crore. Since then, the company's share price on the BSE has recovered some value and closed at Rs 637 on Wednesday.
Singh, known for his hardline religious rhetoric, was suspended by the party following protests in Hyderabad against his comments leading to his arrest by the Telangana Police.
Para, perhaps, has become the first person to benefit from the Supreme Court putting on hold trial of cases under section 124 A (sedition).
The government in its application has virtually accepted all the demands made by the FIFA
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances