Justice Chandrachud will serve as the CJI for two years till November 10, 2024.
India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.
The activities of the Board of Control for Cricket in India (BCCI) are commercial in nature and can be termed as a 'shop' for the purposes of attracting the provisions of the Employees State Insurance Act, the Supreme Court has said.
The central government and the Reserve Bank of India have devised a country-specific plan towards implementation of overseas trade in rupee, people aware of the matter said. To start with, a small number of banks will be allowed to manage cross-border transactions in domestic currency with a particular country. "Small countries that are dollar-deficient have shown interest in doing trade in rupee.
A tweet in Malayalam by Sheikh Mohamed bin Rashid Al Maktoum, vice president and prime minister of the United Arab Emirates and ruler of Dubai, soon after his meeting with Kerala Chief Minister Pinarayi Vijayan in the Emirates, has gone viral on social media as several expatriate Malayalis shared it on their virtual platforms.
Moody's on Thursday slashed India's growth estimate for the current year to 9.1 per cent, from 9.5 per cent earlier, saying high fuel and fertilizer import bill could limit the government's capital expenditure. In its 'Global Macro Outlook 2022-23 (March 2022 Update): Economic Growth will suffer as fallout from Russia's invasion of Ukraine builds' report, the rating agency said Russia's invasion of Ukraine has significantly altered the global economic backdrop through three main channels -- spike in commodities prices, risks to global economy from financial and business disruption and dent in sentiment due to heightened geopolitical risks. It said Russia is the only G-20 economy that will contract this year and forecast that its economy will shrink 7 per cent in 2022, and 3 per cent in 2023, down from projected growth of 2 per cent and 1.5 per cent respectively, before the invasion of Ukraine.
Continuing its heavy selling spree for the eighth consecutive month, foreign investors pulled out nearly Rs 40,000 crore from the Indian equity market in May on fears of an aggressive rate hike by US Federal Reserve that dented investor sentiments. With this, net outflow by foreign portfolio investors (FPIs) from equities reached at Rs 1.69 lakh crore so far in 2022, data with depositories showed. Going ahead, FPI flows will remain volatile in the emerging markets on account of rising geo-political risk, rising inflation, tightening of monetary policy by central banks, among others, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities said.
Unanimously confirmed by the Senate last week, Panchanathan, 58, from the Arizona State University, replaces White House Office of Science and Technology Policy (OSTP) Director Dr Kelvin Droegemeier who served as Acting Director of the National Science Foundation (NSF).
Jamshed J Irani, known as the steel man of India, died in Jamshedpur late Monday night, Tata Steel said. He was 86. "The Steel Man of India passes away. It is with profound grief that Tata Steel informs of the demise of Padma Bhushan Dr Jamshed J Irani," Tata Steel said in a statement. He passed away on October 31, 2022 at 10 PM at TMH (Tata Hospital) in Jamshedpur, it said.
Much of this has been made possible by the owners's insistence on building a team, rather than banking on a collection of talented individuals not necessarily suited to play alongside one another.
The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006.
You will be part of fastest growing major global economy, India's ambassador to the US Harsh Vardhan Shringala told young American students.
The talks took place in a beach resort in Benaulim on the sidelines of a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation.
'India and China have to make concrete progress with regard to the border issue, addressing the trade deficit, and facilitating people-to-people interactions. This has to happen in the next two, three years.' China expert Tansen Sen tells Sheela Bhatt/Rediff.com how India and China can take their relations to the next level.
Severe heatwaves, responsible for thousands of deaths across India over the last few decades, are increasing with alarming frequency and soon the country could become one of the first places in the world to experience heatwaves that break the human survivability limit, according to a new report.
Gita Gopinath, an Indian-origin associate professor at Harvard University's Department of Economics, has been appointed a full professor, the first Indian woman in the institution's history to be given this appointment.
China's major economic problem has been that its heartland is an agricultural region with about one-third of the arable land per person as the rest of the world.
"If it is said Indians are argumentative, I will agree. But if it is said Indians are intolerant, I refuse to agree," said the president at the inaugural ceremony of the 'Namami Brahmaputra' festival in Guwahati.
In order to achieve $5 trillion GDP by FY'25, India needs to spend about $1.4 trillion over this period on infrastructure, according to the Economic Survey. During financial years 2008-17, India pumped in about $1.1 trillion on infrastructure. However, the challenge is to step up infrastructure investment substantially, the Economic Survey 2021-22 said.
Why weren't the chief ministers of Andhra Pradesh, Goa, Kerala, Maharashtra and Telangana -- all of which have borders with Karnataka -- not invited to Saturday's swearing-in ceremony, asks Shyam G Menon.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
'We had tremendous faith in honorable Modiji in his second term as he was well-settled. Sadly that has been belied.'
Not just from the likes of Alibaba and Didi Chuxing, Indian startups saw a surge in Chinese funding from financial investors in 2019. This is a seven-fold jump from $459 million in 2016.
In Kerala, the use of black ranges from such convenience to strictures by community and religion to fashion and personal choice. One would have to be really insecure or too fond of the well settled life to see black solely as a badge of protest, points out Shyam G Menon.
'We have 750 districts across the country, and each district can create one cluster like Tirupur on any product of their choice.' 'This way, we can even have $3 trillion in exports.'
'A change we have seen after the Russia-Ukraine war is the energy crisis in Europe.' 'Earlier, in Europe, people used to change their clothes after 5 washes, now they are using it till 15-20 washes.' 'They used to change their entire wardrobe after 2 months or so, but because of the economic conditions, it has changed.' 'It has affected exports as 40% of our exports is to Europe, 30% to the US and 10% to the UK.' 'The war has to end for better days to come.'
'I am sure Dr Patra will get the fullest cooperation from the finance minister who needs workhorses, not prima donnas constantly looking to improve their CVs,' says T C A Srinivasa-Raghavan.
The CBI has booked seven suspected punters in connection with two separate cases related to alleged fixing of matches in IPL 2019 "based on inputs" from Pakistan, officials said on Saturday.
Here's the full text of the maiden address to the nation by President Droupadi Murmu on the eve of Independence Day 2022.
"We see the Indian economy rebounding from our projected 6.1 per cent growth this fiscal year to something like 7 per cent in the next fiscal year (2020). We see the factors that will support growth, including monetary policy stimulus, working their way through the pipeline," Jonathan Ostry, Deputy Director, Asia Pacific Department at the IMF, told reporters.
A day before her scheduled appearance before the Enforcement Directorate in the Delhi excise policy case, Bharat Rashtra Samiti leader K Kavitha led a hunger strike here on Friday seeking the passage of the long-pending Women's Reservation Bill in this Budget session of Parliament.
'The entire idea behind the serial bomb blasts was to strike fear in the minds of Indians.' 'I don't think the blasts were targeted to derail the Indian economy; the idea behind the blasts was retribution.'
With elections elsewhere in India showing that multi-pronged contests usually work to the BJP's favour, the party can gain if it hangs on stubbornly. In the meantime, any additional support helps. That is why the archbishop's comment attracted political traction in Kerala, observes Shyam G Menon.
Exuding confidence in sustaining the tempo of credit growth, public sector bankers said on Wednesday that consolidation in the public sector bank (PSB) space has given them a robust base to scale. The privatisation of PSBs can be done through divestment of government stake to a wider base of investors without haste. There is nothing to worry about at this point (high credit offtake) as underwriting standards and risk management are much better.
From note ban result to Delhi's next L-G, a few things to look forward to.
The proposed India-Israel trade pact should be beneficial to both nations and until New Delhi gets a good deal, it would not do an agreement, Commerce and Industry Minister Piyush Goyal said. India and Israel are negotiating a free trade agreement (FTA) since May 2010. "With Israel, until we get a good deal, we will not do an FTA. It has to be reciprocally beneficial," the minister said in San Francisco on Tuesday while interacting with the Indian community.
Prime Minister Narendra Modi announced a $1 million ad-hoc grant for the operational budget for the BIMSTEC secretariat and another $3 million assistance to revive the grouping's centre for weather and climate.
With some variations, all regional political formations, whether in power presently or out of it, share some common features: Tight family control of the political apparatus, key members in elected or appointed positions, obvious wealth but not quite known sources of income, and family factionalism, sometimes open and bitter, notes Shreekant Sambrani.
Undeterred by the stock market volatility, uncertainty due to the Ukraine-Russia war and high inflation, equity mutual funds continue to remain attractive choice for investors for the 15th straight month, registering a net inflow of Rs 18,529 crore in May on robust SIP numbers. This was higher than Rs 15,890 crore net inflow in April, data from the Association of Mutual Funds in India (AMFI) showed on Thursday. Equity schemes have been witnessing net inflow since March 2021, highlighting the positive sentiment among investors.
'As long as we have such partners, Russia cannot be isolated.'
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