Nobel laureate economist Abhijit Banerjee has said the current situation in Bangladesh is unlikely to trigger a fresh round of exodus of minority Hindus into India. He believes that migration is primarily driven by social networks and economic opportunities rather than persecution. Banerjee, known for his work in poverty alleviation, further emphasized that India's overt preference for Hindu migrants from Bangladesh in the past has been a significant factor in their migration, rather than attacks on the community.
If you plan to invest in an FD, go for the 12-15-month tenure. This will allow you to redeploy maturity proceeds at higher rates (if rates rise), advises Sarbajeet K Sen.
'Despite the current uncertainties, the long-term outlook remains constructive due to strong fundamentals, government initiatives, and a stable banking sector.'
Northwest, central and east India are predicted to record maximum temperatures three to five degrees above normal over the next five days, the India meteorological department (IMD) said on Thursday.
Automotive (auto) major Mahindra & Mahindra (M&M), which is readying to launch nine sport utility vehicles (internal combustion engine/ICE), seven Born Electric Vehicles (BEVs), and seven light commercial vehicles by 2030, has outlined an investment of Rs 27,000 crore in its auto business between 2024-25 (FY25) and 2026-27 (FY27). Over the next three years, the company will deploy Rs 37,000 crore, including its auto business, farm business (Rs 5,000 crore), and service business (Rs 5,000 crore).
The southwest monsoon is likely to arrive over Kerala on May 31, a day earlier than its normal onset date, the India Meteorological Department (IMD) said.
La Nina, a weather pattern arising in the Pacific Ocean that causes heavy rain in South Asia, is assuming a neutral condition, senior India Meteorological Department officials have said. This suggests the country will have a near-normal southwest monsoon.
Renewed inflationary pressures, led by a spike in prices of vegetables and cereals, have cast a spell on the equity markets in the past month. The BSE Sensex and Nifty50 have declined up to 2 per cent each during the period, clipping the 13 per cent rally from the March lows, shows data from ACE Equity. Investors typically consider shares of fast-moving consumer goods (FMCG) companies as defensive bets, putting their weight behind them in a falling market.
With monsoon rainfall 16% below the long-period average, total sowing area is down by 7% at 56.7 million hectares so far this season.
Deficient rains can shave 50-80 basis points off gross domestic product and hurt consumption.
'You should keep your sleep time and wake up time fixed.' 'Avoid caffeine-containing drinks after 5 pm.' 'Avoid a heavy dinner.' 'Avoid alcohol or any stimulants, like nicotine.'
'Shreyas Iyer likes a challenge, tough situations, playing against the top teams.'
For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way
'We are getting to understand the mind of this generation.' 'Minor tweaks are being made to ease the process as we go along.'
'Investors may have made money in mid and smallcaps due to market momentum, but now they need to focus on fundamentals.'
'A long-term investor with a 4 to 5 year horizon could invest in this theme via SIPs.'
The government on Tuesday proposed reducing the long-term capital gains tax on immovable properties to 12.5 per cent from 20 per cent, but removed the indexation benefits to adjust for inflation, a move experts termed as "negative" for sellers.
The IMD dispelled fears by forecasting a normal monsoon for June-September. Rainfall is expected to be 98 per cent of the long period average, significantly higher compared to last year's 77 per cent LPA.
There are no plans of creating artificial rain.
South-west monsoon is likely to be below normal this season, government announced on Wednesday raising concerns about its impact on agriculture and economy.
Uttar Pradesh has the highest pendency with more than three-fourths or 77.77 per cent of the total POCSO cases that were filed between November 2012 and February 2021, according to the data.
Monsoon is likely to be 96 per cent of the long period average
The sharp rally in the midcap stocks has made valuations expensive, and there is room for a correction, wrote Christopher Wood, global head of equity strategy at Jefferies in his latest note to investors, GREED & fear. The midcap index, Wood said, now trades at 24.1x 12-month forward earnings compared with 18.7x for the Nifty. Rising crude oil prices, he believes, are another worry for India, which imports nearly 80 per cent of its annual crude oil requirement.
The Supreme Court on Monday sought the Election Commission's response on a PIL challenging its decision to increase the maximum number of voters from 1,200 to 1,500 at every polling station, saying no elector should be excluded.
Three of the 36 sub-divisions -- West Uttar Pradesh; Haryana, Chandigarh and Delhi; and Telengana -- got scanty rains with deficiency of 67 per cent, 64 per cent and 60 per cent respectively.
Rain in the June-September season will be 87 per cent of the long-period average, compared with 93 per cent forecast in June, Ajit Tyagi, director general at India Meteorological Department said. Rainfall could be 4 per cent more or less than the estimate, he said.
India is likely to experience below-normal monsoon rainfall this year, with a 20 per cent chance of drought due to the end of La Nina conditions and the potential for El Nino to take hold, private forecasting agency Skymet Weather said on Monday.
With the India Meteorological Department declaring 2007 the fourth warmest year on record since 1901, evidence of global warming on the Indian climate is crystallising. The annual mean temperature in the country was recorded 0.55 degree Celsius higher than normal
India recorded 125 extremely heavy rainfall events during September and October of 2021, the highest in five years, owing to late withdrawal of the southwest monsoon and higher-than-normal low-pressure systems, India Meteorological Department (IMD) said on Tuesday.
Bank credit growth is expected to moderate this financial year after a robust 16 per cent estimated for last financial year, driven by strong economic activity and retail credit demand. There are three reasons for this: a statistical high-base effect given the strong growth seen last financial year, revision in risk weights by the Reserve Bank of India (RBI), and relatively slower economic activity.
The met department said that rainfall in August is projected to be within the normal range at 97% of LPA. In August and September, India receives around 43 mm of rainfall.
'Investors should not go for lump-sum investments in infrastructure funds at this point.' 'The SIP route is the best to avoid any major disappointment.'
Rainfall in August is predicted to be below normal (less than 94 per cent of LPA), but the situation is expected to improve comparatively in September, the IMD said.
Let reason, not emotion, guide your decisions.
'What is the harm in having more polling booths?'
There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front. With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits. The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
The Indian markets have seen a good run in the last three months with the S&P BSE Sensex rising around 7 per cent and the Nifty50 moving up 7.5 per cent. The next leg of the market rally from here on, analysts suggest, will be driven by a growth in corporate earnings over the next few quarters. That said, they do not expect material / sharp downgrades to India Inc's earnings estimates despite headwinds for the economy.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The Indian Met Department has predicted a below normal monsoon.
West Indies award 9 cricketers historic multi-year contracts across men's, women's teams
