Even if no statistical jugglery is afoot, only to warn that the 'noise' in the numbers should be eliminated in order to hear the underlying music, without distortion, warns T N Ninan.
Prime Minister Narendra Modi on Tuesday expressed hope that digital transactions will soon surpass cash as Unified Payments Interface (UPI) is increasingly becoming the most preferred payment mechanism in the country. Modi after the launch of the cross-border connectivity between the UPI and PayNow of Singapore said about 74 billion transactions amounting to more than Rs 126 trillion, which is approximately 2 trillion Singapore dolla, was done through UPI in 2022. "Many experts are estimating that very soon India's digital wallet transactions are going to overtake cash transactions," he said.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
A prudent guideline for self-employed individuals is to target at least 10 to 15 times their actual annual income when determining life insurance coverage.
This is good news for the central government at a time when crude oil prices are rising.
The National Company Law Tribunal (NCLT) has approved the resolution plan of Twin Star Technologies -- a promoter entity of the Vedanta Resources group -- for the Videocon group. But it has pointed out that the successful resolution applicant is "paying almost nothing" as the amount offered is only 4.15 per cent of total outstanding claim. It noted the hair cut for all the creditors is 95.85 per cent and suggested to both committee of creditors (CoC) and the successful applicant an increase in the payout.
Sheeja Anand, a native of Payyavoor in Kannur district of Kerala, was injured in the missile strikes on Ashkelon, a coastal city in the southern part of Israel on Saturday, while she was on a video call with her husband, her family said.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
While the market for satellite broadband currently is small, the potential is large as an estimated 30 per cent of the country does not have reliable terrestrial broadband services.
Vijayakanth was unwell for quite some time and his wife Premalatha took over the reins of the party days ago.
Girish AD doesn't make romantic comedies so much as he elevates the genre, observes Sreehari Nair.
'The Weather Channel argues that India faces the gravest challenge: Climate change-induced health vulnerability.' 'This is an issue often neglected, alerts Claude Arpi: "Prolonged summers, unpredictable rains, floods, droughts, and rising sea levels are the harsh realities of climate change in the country. These factors increase the frequency and severity of illnesses, pushing people into poverty, and forcing migration".'
Every defaulter is not a wilful defaulter who has the capability of paying back and is yet not servicing the bank loan, observes Tamal Bandyopadhyay.
A summary of Sunday's action in the Premier League.
The governor made it clear that the RBI is aware of what's happening and acts accordingly, but doesn't make a noise about that, points out Tamal Bandyopadhyay.
It is a pity that he does not take his youth influencer role more seriously and align his brand endorsements more responsibly, notes Kanika Datta.
Six years after running down the low-cost model, Jet and Kingfisher are betting on the same business model for survival.
rediffGURU Baqar Iftikar Naqvi, start-up mentor, founder and CEO of Upriver Ecommerce, offers advice on how to navigate the many challenges of entrepreneurship.
While some trade union leaders have welcomed the move, industry has opposed it, fearing an increase in its wage bill
Every banker loves the four-letter word Casa as it plays an important role in lowering the cost of deposits. Every bank wants to increase its Casa, as a higher portion of Casa in the overall deposit liability brings down its cost of money, points out Tamal Bandyopadhyay.
High dividend yield stocks usually perform well in a rising interest rate environment when investors value cash flows more.
An analysis for the first eight months of CY18 shows that the value of RuPay and UPI transactions constitute 65.2 per cent of all transactions done through debit and credit cards, in value terms, across retail outlets by the end of August.
The TMC general secretary, considered number two in the party, shared the letter sent to him by the central agency on X, formerly Twitter.
ICICI Prudential Life Insurance Company (IPru) is struggling to generate growth in the value of new business (VNB). This is due to a combination of weak growth through the parent bank's channels, a shifting product mix in favour of unit-linked life insurance policies (ULIPS), and higher payouts to third-party channels. Leverage from current investments, a further reduction in contributions from ICICI Bank, and a pick-up in non-participating policies from the end of the year is key for this metric in the near to medium term.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
India always faces a Hobson's choice as far as feeding coal-fired generators goes - even if the government is reluctant to admit it. The country cannot do without shipping in the world's most polluting fuel from overseas. And it will continue to do so unless it decides to reduce demand by forcing citizens, farmers and businesses to live without electricity for part of the day, or use diesel generators to fire facilities.
Patience can be rewarding. 'Post-listing, sanity often returns to valuations of newly-listed businesses within six to nine months. Buy then.'
The cause of the blast is being investigated.
rediffGURU Hemant Bokil answers your personal finance queries
'Non-par plans returns are not market-linked. Hence, they can offer guaranteed returns.'
Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.
Empty middle seat, no duty-free shopping to be new normal till WHO all-clear.
According to a 2021 Redseer report, India's overseas education market is estimated to more than double to $80 billion by 2024.
10 high dividend paying stocks across sectors that are expected to maintain or even increase their pay-outs in FY23 thanks to faster earnings growth in the last four quarters.
Read on to learn how it can benefit you.
'I have saved your name on my phone, but I cannot read or pronounce it.' 'I am able to recognise my wife's name today because after seeing it for so long, it has been imprinted in my mind as a picture and not the letters.'
As on July 31, the valuation of his shareholding in the company stood at Rs 9,830 crore.
'China was a relationship from which Mr Modi had expected the most it seems.' 'It showed in a string of summits, and somewhat breathless celebration of Xi Jinping.' 'It was hasty and simplistic,' observes Shekhar Gupta.
The advantage of leasing is that you can get a new car every few years. You can also get to drive a high-end car without paying its entire price.
DD Freedish is the 'largest TV platform in India', going to 58 million homes, featuring 70-odd private channels. DD Freedish reaches about 278 million people, and is easily among the top five TV platforms in the world.
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