"The new structure will substantially reduce taxes on the middle class and leave more money in their hands, boosting household consumption, savings and investment," Sitharaman said presenting what was dubbed as 'reformist' budget for the next fiscal in Lok Sabha.
Rohan Bopanna and Nicolas Barrientos bowed out of the Australian Open men's doubles with an opening-round loss to the Spanish team of Pedro Martinez and Jaume Munar.
The India-Bangladesh clash will take place at the Madhavrao Scindia Cricket Stadium in Gwalior, which is hosting an international cricket match after a gap of 14 years.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
'Our production capacity ramp-up initiatives are expected to meet the critical requirements of our armed forces.'
The $22.8 billion CK Hutchison ports deal intensifies geopolitical tensions between the US and China. Chinese media has already called it 'a betrayal of all Chinese people'. Shyam G Menon explains how the proposed sale will reshapes global trade infrastructure.
rediffGURU T S Khurana answers readers' personal income tax queries.
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.
Starc dismantled SRH's top order with sheer pace, while Kuldeep's control in the middle overs ensured there was no way back for the batting side.
Budget 2025 lays down a transformational roadmap for India's digital and economic future, focusing on AI-driven enterprise modernisation, workforce skilling, and sustainable innovation. With bold investments in AI, digital infrastructure, and ease of doing business, the government has set the stage for businesses to scale, innovate and compete on a global level.
Ushering in reforms, Union Finance Minister Nirmala Sitharaman on Saturday proposed to open up the nuclear power sector for private players and announced a Rs 20,000 crore Nuclear Energy Mission for research in the field, with an aim to set up five small and modular reactors by 2033.
The outage raised broader concerns about the dependency on a few large tech companies controlling critical platforms.
The Supreme Court of India has ruled that a daughter has an indefeasible right to secure educational expenses from her parents, who can be compelled to provide necessary funds within their means. This ruling came in a matrimonial dispute where a daughter studying in Ireland refused to accept Rs 43 lakh given by her father towards her studies, which was part of the total alimony being paid to her mother. The court stated that the daughter has a fundamental right to pursue her education and that the parents can be compelled to provide necessary funds within their financial resources. The court also granted a decree of divorce by mutual consent to the estranged couple, directing them to abide by the terms of a settlement agreement they had reached.
It is time to throw an outer ring around India's national security by proactively engaging in areas immediately outside our neighbourhood. Such a ring will not only insulate India from emerging threats, but also create new leverage in securing our own neighbourhood, says Nitin Pai.
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
Markets regulator Sebi's new guidelines on research analysts (RAs) are forcing several equity research firms publicly announcing plans to shut down their shops due to heightened compliance and operational requirements. The Securities and Exchange Board of India (Sebi), on January 8, came out with guidelines for Research Analysts in a bid to curb fraudulent stock recommendations and illegal practices in the securities market.
Purchase health insurance early while you are disease-free. 'It might become very difficult to get a comprehensive health cover for someone who has already had cancer.'
Hyundai Motor India (HMIL) raised Rs 8,315 crore from anchor investors on Monday, setting the stage for the country's biggest-ever maiden share sale. The Indian arm of the South Korean carmaker Hyundai Motor Company (HMC) allotted 42.4 million shares to 225 funds at Rs 1,960 apiece, the higher end of its price band. Among the investors receiving allotments were the Singapore government's sovereign wealth fund (GIC), New World Fund, and Fidelity.
Specialised investment fund (SIF), a new asset class, will have the same expense structure as that of mutual funds (MFs), according to rules notified by the Securities and Exchange Board of India (Sebi). SIF, which was first proposed by Sebi in July 2024, aims to fill the gap between MFs and portfolio management services (PMS), and it looks at informed investors, who are willing to take riskier bets.
'My one recommendation would be to first quell the violence and then encourage dialogue and build the trust among the different communities.' 'This is not easy but necessary, for violence cannot be the way forward.'
The ideal time to invest in sector funds, is during a downturn so that investors can capitalise on a turnaround in 1.5 to 2 years.
The bench posed questions to senior advocate Gopal Sankaranarayanan, appearing for one of the petitioners Soayib Qureshi, who has challenged the Centre's August 5, 2019 decision to abrogate the provision.
Widespread use of crypto assets, including stablecoins, can have a negative impact on the macroeconomic and financial stability of a country, the Reserve Bank of India (RBI) said on Monday. In its Financial Stability Report (FSR), the banking regulator highlighted that excessive use of crypto assets can reduce effectiveness of monetary policy, worsen fiscal risks, circumvent capital flow management measures, divert resources available for financing the real economy and threaten global financial stability.
Narayanan has a long and distinguished career at ISRO, having played a key role in several important missions, including Chandrayaan-2 and 3, and the Gaganyaan programme.
The Indian Army has increased its operational footprint in the Jammu region, including the strategic occupation of the upper reaches of the Pir Panjal range, a senior officer said. The army is playing a pivotal role in military-civilian coordination in creating a stable environment in the region, the officer said, adding that the force will continue its efforts to promote peace, security, and development in the area.
'Disengagement is merely the first step in a lengthy process of arriving at a new normal along the LAC in Eastern Ladakh and the entire land boundary.' 'The Indian government should insist on the restoration of the status quo ante in Eastern Ladakh.'
'Arbitrage funds make the most sense for those in the 30 per cent tax bracket, are viable for those in the 20 per cent bracket, but less so for those in the 10 per cent bracket.'
FPIs are currently capped at 5 per cent of the total outstanding government dated securities, and own 4.5 per cent
AITA President Anil Jain, who was accused of using his position for personal gains, avoided facing a no-confidence motion from the state associations only after he agreed to step aside.
Prime Minister Narendra Modi has lauded the Union Budget as a "people's budget" that fulfills the dreams of every Indian and said that it is a "force-multiplier" that will boost consumption, investment and growth. He highlighted a host of measures for different sectors, including welfare initiatives for gig workers, tax relief for the middle class, and support for the manufacturing sector.
Travel is about making memories, experiencing the unknown, and engaging in new experiences -- not worrying about fluctuating exchange rates or hidden expenditures. With a little planning and a proactive approach to handling your foreign exchange, you can reduce financial stress and enjoy your trip, suggests Pavan Kavad.
Top Canadian officials have accused Union Home Minister Amit Shah of leading a campaign targeting Sikh separatists in Canada, escalating tensions between the two nations.
rediffGURU T S Khurana answers readers' personal income tax queries.
Air Chief Marshal A P Singh, the head of the Indian Air Force (IAF), stated that every Indian citizen is akin to a soldier. While acknowledging the unique appeal of serving in uniform, he emphasized that contributing to the nation doesn't necessitate military attire. Addressing NCC cadets at the Republic Day camp, Singh highlighted the importance of national service, emphasizing that it's not limited to those in uniform. He cited an example, stating that 'every soldier is a citizen in uniform, and every citizen is a soldier out of uniform.' He encouraged cadets to embody the values of discipline and patriotism in their daily lives, even outside of the military context, for the betterment of the nation.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
UK-based Vedanta Resources is looking to start copper production at its Konkola copper mines (KCM) in Zambia and is eyeing to serve global and Indian markets, according to company executives. Promoted by billionaire Anil Agarwal, the miner in November 2023 regained control of the copper mines and smelter, which the Zambian administration had seized in 2019, but needed to pay creditors of the mines to revive operations. The conglomerate was locked in a legal battle over the ownership of the KCM mines prior to a September 2023 Zambia government decision to reinstate the group as owners of the mines.
Anil Ambani's Reliance Infrastructure Ltd has slashed its standalone debt by 87 per cent to Rs 475 crore after it cleared outstanding dues of Life Insurance Corporation of India, ICICI Bank and other lenders, the firm said on Wednesday. In stock exchange filings and press statements, Reliance Infrastructure said its standalone external debt has reduced from Rs 3,831 crore to Rs 475 crore. "Consequently, the net worth of the company will stand at Rs 9,041 crore."
rediffGURU Samkit Maniar answers readers' personal income tax queries.
From the 30-share Sensex pack, Adani Ports surged 6 per cent. NTPC, HDFC Bank, Bajaj Finance, Maruti and Axis Bank were among the other gainers. In contrast, Titan, State Bank of India, Asian Paints, Tata Consultancy Services, HCL Tech, Sun Pharma, IndusInd Bank and ICICI Bank were among the laggards.
BCCI unveils 10-point diktat: Domestic cricket must, restriction on personal staff, family stay on tours
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