Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday warned that any move to abrogate Article 370 will reopen the issue of the state's accession to India, as the political row ignited by Narendra Modi's call for a debate on this constitutional provision persisted.
Around $200 million worth of deposits of Indian start-ups have been withdrawn from Silicon Valley Bank (SVB), which was taken over by US banking regulators last week after it collapsed, and moved to the Gujarat International Finance Tec-City (GIFT City) IFSC, Rajeev Chandrasekhar, minister of state (MoS) for electronics and information technology said on Thursday. "It turns out that there was over a billion dollars of deposits of Indian start-ups in SVB. "The existential, solvency crisis that was there six-seven days ago has become much more manageable, even the short-term liquidity crisis is being addressed as the bank allows access to deposits," the minister said while speaking at Lenovo's Tech World India Edition event.
We must heed what the CJI has said. Challenging every judgment of the central government is inviting chaos, asserts Shreekant Sambrani.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
The Ministry of Information and Broadcasting (I&B ministry) may launch its review of the government's plan to potentially reserve the crucial C-band of radio frequencies for 5G and 6G telecommunication (telecom) use, said officials. While the incumbent broadcasting operators have warned that the plan will leave "precious little spectrum" for broadcasting services, telecom service providers (TSPs) have pressed hard for getting access to the C-band. In multiple letters to the I&B ministry over the past month, the News Broadcasters & Digital Association (NBDA) has said the industry would be left with precious little spectrum for broadcasting services if the Department of Telecommunications (DoT) further allocates the scant C-band for 5G.
The Reserve Bank on Wednesday allowed credit cards to be linked with the unified payments interface (UPI), which will enable more people to make payments using the popular platform. At present, UPI facilitates transactions by linking savings or current accounts through users' debit cards. "...it is proposed to allow linking of credit cards to UPI," RBI Governor Shaktikanta Das said while announcing the regulatory moves, along with the bi-monthly policy review.
The Supreme Court on Tuesday termed as "unacceptable" the submission that Article 370 of the Constitution ceased to operate once the term of the constituent assembly of Jammu and Kashmir ended in 1957 after drafting the state's constitution.
Is there no mechanism to abrogate Article 370 even when the people of Jammu and Kashmir want it, the Supreme Court asked on Thursday and wondered if the now repealed provision can't be touched, will it not amount to creating a "new category" beyond the basic structure of the Constitution.
'If you want it to grow well and serve the true needs of the economy, it needs a lot of freedom and flexibility, which comes in terms of the reform objective set by the regulator.'
Byju's, India's most-valued startup, has decided to put two of its key assets -- Epic and Great Learning -- on the block to generate $800 million-$1 billion in cash, with an aim to meet the edtech firm's various commitments, including repaying the entire $1.2 billion term loan B (TLB) within six months, according to sources. The cash-strapped company has proposed repaying $300 million of the $1.2 billion loan in the next three months, depending on whether the lenders accept Byju's amendment proposal, said the people familiar with the development. "This loan repayment proposal has been submitted to the lenders and conversations are going in the right direction," said a person in the know.
Some of India's best-known royals gathered in New Delhi to watch the final of the Sir Pratap Singh Polo Cup, which is named after Sir Pratap Singh, the man credited with the foundation of modern polo in India.
Flipkart has promoted several of its leaders into newer roles at a time when the Walmart-owned e-commerce giant has internally raised its IPO (initial public offering) valuation target to about $60 billion and aims for a US listing in 2023, according to the sources. "I am delighted to announce the promotion of some of our exemplary leaders," said Kalyan Krishnamurthy, chief executive officer, Flipkart Group, in an internal note, and which has been reviewed by Business Standard. "Each of them has been instrumental in delivering impact and creating long-term value for Flipkart.
Today, Anirudh Ravichander's name on a film's poster is enough to pull in audiences, notes Arjun Menon.
The bench of Justices SK Kaul and AS Oka expressed displeasure over the abstention of work, saying access to justice is the very foundation of the legal system.
Contributions to mutual fund schemes through systematic investment plans or SIPs remain unfazed from the market volatility in 2022 with inflow growing to Rs 1.5 lakh crore in 2022, a surge of 31 per cent from a year earlier, due to higher retail participation. In comparison, an inflow of Rs 1.14 lakh crore through the route was registered in 2021 and Rs 97,000 crore in 2020, data with the Association of Mutual Funds in India (AMFI) showed. Going ahead, SIP numbers are expected to continue to remain strong in 2023 as investors are increasingly appreciating the importance of regular investing through the route, Kaustubh Belapurkar, director - manager research at Morningstar Investment Adviser India, said.
He said despite efforts by the UN, the threat of terrorism is only growing and expanding, particularly in Asia and Africa.
Remember, pension from EPS will be taxable at slab rate, reducing the post-tax income for people who remain in the higher tax brackets after retirement.
While investing in PPF, investors must remember to put in the money at the right time to maximise the return they earn from it.
Speaking to reporters at an event here to mark the 75th anniversary of the Indian troops' Budgam landing, Air Officer Commanding in Chief (AOC-in-C) of Western Air Command, Air Marshal Amit Dev, also said the people in PoK are not being treated very fairly by the Pakistanis.
More than 70 per cent of Indian youth aged between 15 and 29 can't!
TCS has been Three UK's partner for 15 years, working with a variety of business units and has been instrumental in supporting the company's ambition of becoming the world's first telco to host all its applications entirely on the public cloud.
A court in New Delhi on Tuesday reserved its order on an intervention application claiming the intervenor was a "necessary party" to an appeal seeking restoration of Hindu and Jain deities in an alleged temple complex inside the Qutub Minar.
The splendid rock figures around Cappadocia and the silent, eternal ruins of Ephesus made a trip to Turkey even more memorable.
If you pledge market-linked instruments and their value plummets, you will have to provide additional collateral, points out Sanjay Kumar Singh.
The insurance regulator wants the removal of the minimum entry capital requirement of Rs 100 crore for setting up an insurance business in a bid to facilitate the entry of multiple players such as standalone micro insurers and niche players. Debasish Panda, chairman, Insurance Regulatory and Development Authority of India (Irdai), said it should be left to the regulator instead to decide what should be the entry fee for interested players, depending on the size of the business and operations. According to the current norms, insurers are required to have a minimum paid-up capital of Rs 100 crore.
Days after Chief Election Commissioner Rajiv Kumar undertook an hours-long trek to a remote polling station in Uttarakhand, the poll panel on Tuesday decided to double the remuneration of polling officials going to such booths as early as three days before voting day.
At a rally held in Bilaspur Chief Minister Jai Ram Thakur presented the PM with a 'Ransingha', a trumpet-like traditional instrument.
'Amit Shah needs to understand that we are not against Hindus. But we need to preserve our ethnic character.'
The officials said several "incriminating" documents have been seized during the searches, which reveal the "large-scale conversion" allegedly carried out by Umar Gautam and his organisations across India.
'La Nuova Dolce Vita' is the tagline of Ferrari's Roma which translates into 'The New Good Life'. The Roma is a Ferrari GT (Grand Touring) sports car and is also part of their entry-level lineup but it is everything but entry-level. This Rs 4.5 crore (on-road, Mumbai) performance machine is an all-new Prancing Horse that is visually striking, high on tech and being a Ferrari, offers thrilling performance that will excite your senses.
The DGCA conducted the spot checks as there have been many technical malfunction incidents in Indian carriers' planes during the last 45 days.
Prime Minister Narendra Modi on Monday launched e-RUPI, a person and purpose specific digital payment solution that is aimed at improving transparency and targeted delivery of benefits. Over the years, several programmes have been launched to ensure that the benefits reach its intended beneficiaries in a targeted and leakproof manner, with limited touch points between the government and the beneficiary. The concept of electronic voucher takes forward this vision of good governance. To begin with e-RUPI facility is available for health services and will be expanded to other segments.
The Reserve Bank of India (RBI) on Wednesday proposed to make interoperability mandatory for digital payments firms. It also allowed users to withdraw cash from e-wallets and fintech companies to process RTGS and NEFT transactions. The RBI expressed dissatisfaction over prepaid payment instruments' (PPIs') failure to migrate towards full-KYC (know your customer) PPIs, and therefore interoperability, even two years after guidelines were issued.
Do you have parents who have turned 60? You may want to forward Sarbajeet K Sen's suggestions to them.
Lack of access to the cosmonaut training programmes would also be a hindrance for ISRO's planned manned missions, explains Devangshu Datta.
Nepal's Prime Minister Sher Bahadur Deuba on Monday inaugurated the country's second international airport built by China that will help connect Lumbini, the birthplace of Lord Buddha and a major tourist and pilgrimage destination, to Buddhist circuits in South Asia as well as to the rest of the world.
It is sad that the legislative pre-consultation on such an important bill is being done in a very biased manner, notes Shailesh Gandhi, former Central Information Commissioner, recounting his experience with Minister Rajeev Chandrashekhar.
The state government last week announced the schedule for holding elections to local bodies and panchayats in the state.
The proposed Central Bank Digital Currency (CBDC) to be issued by the Reserve Bank will play a critical role in improving the speed of transactions and reducing the cost of cash, a Deloitte report said on Wednesday. The Reserve Bank of India is planning to come out with a central bank-backed digital currency, using blockchain technology in 2022-23. As a financial services innovation, CBDCs are likely to play a pivotal role in shaping the 'future of value transfer', the report said, adding that most central banks worldwide are now in various stages of their evaluation of launching their national digital currencies.
The Supreme Court Friday asked the Chief Justices of all high courts to use information and communications technology (ICT) tools to ensure that the access to justice is 'democratised and equitably allocated', saying as per the National Judicial Data Grid (NJDG), over 91 lakh bail pleas are pending in high courts alone.
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