In a strategic move, the BJP has welcomed prominent Christian figures like Anil K Antony, son of Congress stalwart AK Antony, and seasoned Kerala politician PC George, into its fold.
Briefing reporters, Nadda said his party has proposed that if holding the three-tier polls together was not possible immediately, then Lok Sabha and assembly elections can be held together first.
An interim report on the action has also been sent by the field investigation wing of the income tax department to the Central Board of Direct Taxes in Delhi, the administrative body for the department.
Global financial firm J P Morgan has said that it plans to include Indian government bonds (IGBs) or government securities (G-Secs) into its benchmark Emerging Market index from next year, a move that will bring down borrowing cost for the government. The inclusion of the IGBs will be staggered over a 10-month period from June 28, 2024 to March 31, 2025, indicating one per cent increment on its index weight. "India's weight is expected to reach the maximum weight threshold of 10 per cent in the GBI-EM Global Diversified, and approximately 8.7 per cent in the GBI-EM Global index," J P Morgan said in a statement on Friday.
Actively managed debt funds with the flexibility to go long on duration made a strong comeback on the returns chart in 2023, thanks to softening bond yields. The average one-year returns of floater, long-duration, gilt, and dynamic bond funds, which ranged between 2.3 per cent and 4.5 per cent at the end of 2022, now stand at over 7.2 per cent, with some schemes delivering over 8.5 per cent, according to data from Value Research. Debt fund returns are inversely related to yields of underlying investments, meaning a decline in yields is positive for funds.
The 10 who put in their papers include nine Lok Sabha MPs, including Union ministers Narendra Singh Tomar and Prahlad Patel, and the one Rajya Sabha member, officials said.
rediffGURU Ashwini Dasgupta offers advice on what you can do to grow in your career and shine at the workplace.
From its lows in December, the stock of Tata Motors is up about 15 per cent. The gains came on the back of better than expected December volumes in its UK-based subsidiary Jaguar Land Rover (JLR). This coupled with gradual recovery in the global passenger vehicle demand, improving profitability due to product mix and lower commodity costs are expected to be key positives for the company.
Foreign Portfolio Investors' (FPIs) selling spree continues as they pulled out over Rs 3,400 crore from the Indian equity markets in the first three trading sessions of November on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
Shafiulla, in his resignation letter to the JD-S Karnataka president said that he had opted to stay outside the party for the period during which the state unit of the party had joined with the BJP to form the state government.
First-time MLA Bhajan Lal Sharma was sworn in as the chief minister of Rajasthan at a ceremony attended by Prime Minister Narendra Modi and the Bharatiya Janata Party's top leadership on Friday, 12 days after the party ousted the Congress in the assembly polls.
Now, the recent heavy rain has sparked panic among the disaster-hit families of Joshimath.
The 14-year political journey of Trinamool Congress leader Mahua Moitra has encountered both upheaval and elevation, as her expulsion from Parliament in a cash-for-query case marked the culmination of her tumultuous parliamentary term.
Union minister and the BJP's election in-charge for Rajasthan Pralhad Joshi, co-in-charge Nitin Patel, the party's in-charge for Rajasthan Arun Singh, state president C P Joshi, Union ministers Gajendra Singh Shekhawat, Arjun Ram Meghwal and Kailash Chaudhary, Leader of Opposition in the state Assembly Rajendra Rathore, Deputy Leader of Opposition and former state president Satish Poonia and other leaders were present at the meeting, which is likely to continue till late, the sources said.
Several sitting MLAs are dropped by the BJP in the latest list.
There hasn't been any dramatic moment in the first act (the Budget) but nobody would complain. It's par for the course as long as the figures don't change in the main Budget, which will be presented after general elections.
Vedanta Resources (VRL), the diversified mining company headquartered in London, is giving final touches to a plan to raise up to $2.5 billion (about Rs 20,800 crore) as debt repayment deadlines near. The company owned by billionaire Anil Agarwal plans to do this by a combination of instruments, including issuing preference shares in the holding company to a slew of offshore investors from West Asia, and taking on another loan to refinance older debt at a higher interest rate. VRL, which is the group's holding company, is also looking to sell part of its 63.71 per cent stake in the Indian listed subsidiary Vedanta Ltd to meet funding requirements, said a banker close to the development.
The rear windscreen of a car carrying Rahul Gandhi was damaged during the ongoing 'Bharat Jodo Nyay Yatra', with West Bengal unit president Adhir Ranjan Chowdhury alleging that the vehicle was "pelted with stones" in Malda district, while Chief Minister Mamata Banerjee claimed the incident took place in adjoining Bihar.
The demolition of 'unsafe' buildings in subsidence-hit Joshimath in Uttarakhand resumed on Saturday as the weather improved, even as the number of buildings with cracks rose to 863, officials said.
Chief Minister-designate Mohan Yadav, an OBC leader and three-time Bharatiya Janata Party MLA, started his political career when he was a student and rose to become higher education minister of Madhya Pradesh where he announced to make Hindu epic Ramcharitmanas as an optional subject in colleges in 2021.
Reserve Bank of India (RBI) Governor Shaktikanta Das had stumped the market in the previous two policies - in August and in October - first with action and then with words. In August, it was the introduction of an incremental cash reserve ratio (I-CRR) to take out excess liquidity, which took the markets by surprise. In October, there was no action. Rather, what is known as "open mouth operation", Das' comment that the central bank might conduct open market operations (OMOs) by selling bonds tempered the euphoria in the bond markets after JP Morgan's inclusion of India in its Emerging Market Bond Index.
Debt fund managers are reassessing their strategies after the setback delivered by the Reserve Bank of India recently. While most are refraining from any knee-jerk reaction to the central bank's surprise open market operation (OMO) announcements, they are taking a re-look at the duration of their schemes. Sandeep Yadav, head of fixed income at DSP Mutual Fund, said it has trimmed the duration of some schemes, considering the hawkish stance by the RBI.
Prime Minister Narendra Modi addressed 14 rallies in Madhya Pradesh during campaigning for polls and reached out to young voters by reminding them of the failures of previous Congress governments on various fronts as he doubled down on development of all sections.
M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes.
'The BJP is trying to change this mantra.'
The BJP leader, however, also said that if MP Chief Minister Shivraj Singh Chouhan asks her to campaign for an election, she can do it.
Concealed beneath the feat, which testifies to his political acumen and survival instincts, is the fact that the 72-year-old leader could never remain at peace with his allies which also made him change partners frequently.
'Even though Gandhiji did not know me well, Sardar knew and remembered me working with him till the Congress was banned.' Glimpses from the fascinating memoirs of Chakkedath Sankarankutty Menon, the stenographer who worked for Mahatma Gandhi and Sardar Vallabhbhai Patel during the freedom struggle.
'Higher inflows into these securities should lead to lower borrowing costs for the government.'
Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities this month so far, mainly due to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have infused over Rs 5,700 crore into the debt market during the period under review, data with the depositories showed. Going ahead, the trajectory of FPIs' investments in India will be influenced not only by global inflation and interest rate dynamics but also by the developments and intensity of the Israel-Hamas conflict, Himanshu Srivastava, associate director - manager research, Morningstar Investment Adviser India, said.
Colonel Manpreet Singh, Commanding Officer of 19 Rashtriya Rifles, Major Ashish Dhonack, and Deputy Superintendent Humayun Bhat were killed in the gunfight with terrorists that ensued in Garol area of Anantnag district early Wednesday.
Nadda accused the former Congress chief of insulting India, its Parliament, its democratically-elected government and people in Britain
Brent crude oil prices may rise to $110 a barrel in 2023, up nearly 33 per cent from the current levels, said analysts at Morgan Stanley, in a recent note. This is, however, lower than the peak level of nearly $127 touched earlier in 2022 as geopolitical concerns took centre stage amidrising demand. "Looking ahead, Brent oil price growth will decelerate even more in the coming quarters. "This comes even as our global oil strategist expects a rise in oil prices back to $110 a barrel by the second half of 2023.
Headed by former prime minister HD Deve Gowda, the JD-S has long been a strong third player in the southern state where the Congress and the BJP have been the two main parties.
Two whole-time directors KVS Manian and Shanti Ekambaram of Kotak Mahindra Bank are in the race for the post of managing director and CEO, the position vacated by Uday Kotak last week. Kotak stepped down as MD and CEO of the bank effective September 1, 2023, four months ahead of his term was to end. The RBI will soon decide on Kotak's replacement as the new MD and CEO of Kotak Mahindra Bank, as the new person has to take charge on or before January 1, 2024.
Nozomi Okuhara's harrowing experience after her touchdown in India was 'unfortunate and won't happen in future'
The Bharatiya Janata Party will ensure the swearing-in ceremony of the new Chhattisgarh cabinet under Vishnu Deo Sai on Wednesday will be a 'historic' event which will be attended by Prime Minister Narendra Modi, Home Minister Amit Shah, BJP leaders and chief ministers, state chief Arun Sao said.
A political activist in Bihar on Thursday put up a poster announcing his resignation from 'all posts in the Bharatiya Janata Party' in protest against the ethnic strife in Manipur.
The list includes constituencies where the BJP came second or third in the 2019 Lok Sabha elections, and also some which the party has never won.
