The government on Tuesday said it will allow setting up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate availability of skilled manpower in the financial services space. In addition, an international arbitration centre will be set up in the GIFT City for timely settlement of disputes under international jurisprudence, Finance Minister Nirmala Sitharaman said while presenting the Union Budget for 2022-23. The centre could be on the lines of the Singapore International Arbitration Centre, or the London Commercial Arbitration Centre.
The Reserve Bank's rate setting panel on Thursday met to finalise a report for the government on why it failed to keep retail inflation below the target of 6 per cent for three consecutive quarters since January this year, said sources. The report will be presented to the government as per the Reserve Bank of India Act, they added. The six-member Monetary Policy Committee (MPC) is headed by Governor Shaktikanta Das.
The average salary received by students during campus placements for 2021-2022 was Rs 21.48 lakh per annum. The highest salary offered was $250,000.
Internet-based systemic wisdom connects machines and people, and will drive next-gen enterprises, said Huawei's Yatish Nagavalli.
We should fill our heart with things that we will be proud of when anyone opens our hearts -- fill it with love rather than hate, fill it with confidence rather than fear, with care rather than apathy, with warmth rather than indifference, suggests Cardiac Surgeon Dr Sanjeeth Peter.
At a time when the overall narrative is around India being an attractive investment destination, the two American multinationals are more specific in projecting India as their centrepiece.
'Cracks continue to appear in more and more houses.' 'We believe the government is not going to tell us the truth.'
Prime Minister Narendra Modi on Friday alleged that "urban Naxals and anti-development elements" with political backing had stalled the construction of Sardar Sarovar dam on the Narmada river in Gujarat for many years by running a campaign that it would harm the environment.
A bench of Chief Justice DY Chandrachud and Justices PS Narasimha and JB Pardiwala asked petitioner Swami Avimukteshwaranand Saraswati to approach the Uttarakhand high court with his petition.
After withdrawing record funds in 2021-22, foreign portfolio investors (FPIs) continued their sell-off in the last fiscal too and pulled out Rs 37,631 crore from Indian equities amid aggressive rate hikes by central banks globally. The outflow trend is likely to reverse in the current financial year since India has the best growth potential in the financial year 2023-24 (FY24), VK Vijayakumar, chief investment strategist at Geojit Financial Services, said. Market analysts believe that FPI flows in the current financial year would be decided by a host of factors, such as the US Federal Reserve's policy stance, oil prices movement and development in the geopolitical situation.
Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.
Rankings measure how well countries manage their economic and human resources to increase their prosperity.
Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.
'This move rendered the chiefs of important investigative agencies to the status of daily wage earners. It undermined the autonomy and independence of the agencies.'
Sources said the fresh batch of profiles include students whose date of joining has been delayed by Flipkart.
Teams of students and coders demonstrated in 24 hours diverse programmes impacting health and livelihood issues with use of a personal identity number.
Will MBA hybrid model be the focus for B-schools? Should B-schools focus on long distance programmes?
Any additional effort to assuage the growing worldwide hunger for infrastructure funding is more than welcome, says Barun Roy.
'If you look at the order books of capital equipment companies or money deployed on the ground, there is forward movement in terms of actual investment by the private sector.'
With big dreams and high hopes of earning lakhs or even crores, more and more youngsters are getting into software development for smartphones.
With a 50 per cent increase in the last four years, Madhya Pradesh has the maximum number (785) of tigers in the country, followed by Karnataka (563), Uttarakhand (560), and Maharashtra (444), according to the data.
Reliance Industries, construction major L&T and IRB Infrastructure are some of the top companies that have used an infrastructure investment trust structure to reduce part of their debt and generate returns for their investors. Earlier this month, IRB Infrastructure InvIT was listed on the National Stock Exchange, giving its investors an option to exit by selling their units. The listing came within months of the Securities and Exchange Board of India's (Sebi's) guidelines for conversion of private unlisted InvITs into listed ones were issued.
Despite their opposition based on ideology, both the political Right and the political Left possess similar behaviour, observes Shyam G Menon.
Welingkar Institute of Management Development and Research opens admissions to its Master's Level postgraduate diploma in Business Administration through distance learning.
Former Karnataka chief minister S M Krishna, noted industrialist Kumar Mangalam Birla and famous playback singer Suman Kalyanpur were given Padma awards by President Droupadi Murmu at a ceremony at the Rashtrapati Bhavan on Wednesday.
Uttarakhand minister Satpal Maharaj said an inquiry will be conducted to find out how multi-storey buildings were allowed to be constructed in Joshimath which has been sinking for at least 20 years.
Embattled Adani Group on Monday said it has put on hold major equipment procurement and site construction activities for the Rs 34,900 crore petrochemical project at Mundra in Gujarat as the project has not yet tied up finances. The group's flagship Adani Enterprises Ltd (AEL) incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd in 2021 for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in the Kutch district of Gujarat. Asked by stock exchanges to comment on a PTI report on Sunday that the group has suspended work on the project, AEL said, "The financial closure of the Green PVC project of Mundra Petrochemicals Limited ( MPL) is pending with the financial institutions and it is in their active consideration."
India needs to become globally competitive from infrastructure to taxation.
'The entire public needs to be evacuated immediately. Any day, the entire town can collapse.'
The credit guarantee cover under the scheme would be both transaction-based (for single eligible borrowers) and umbrella-based (for a group of eligible borrowers).
Many families in the affected area are finding it hard to sever their emotional ties with their homes and move out.
India must weave a quick-fix formula to ensure growth.
While the Indian Institute of Technology (IIT) Kanpur may have attracted among the highest donations by an individual (former student and IndiGo Airlines co-founder Rakesh Gangwal) at Rs 100 crore last week, IITs have largely seen such contributions rise over recent years, despite the Covid pandemic. According to Mahesh Panchagnula, dean, Alumni and Corporate Relations, IIT Madras, in the last five years, the premier institute has raised more than Rs 135 crore under the endowment category of education alone. Despite the pandemic, there has been an increasing trend in endowment funding received at IIT Madras, with an average increase of about 20 per cent year-on-year across the last five years.
Today, with the Lok Sabha polls only months away, any inter-state dispute over the Cauvery water dispute has the potential to take more political turns than otherwise, predicts N Sathiya Moorthy.
Stating that the issue has been closed after the syndicate meeting at Mangalore University, he asked students to focus on education instead of getting into such issues.
The Agniveer passing out parade was as much about family celebration as it was a military event. Alongside the pomp, pageantry and discipline of the parade were the personal stories of families, their struggles and how far they had come.
'Indian equity valuations, although not very expensive, are not cheap either.'
'An earthquake of a slightly higher magnitude in the Western Himalayan region is going to be catastrophic -- not just because of the fragility of the region but because of how densely we have occupied it.'
Unsubstantiated and illogical opinions, delivered freely from within or abroad, could not destroy the democratic nature of the country, he added.
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