Pressure from the Soren clan is only one of the challenges Champai faces as he readies himself to helm the predominantly tribal state.
Tamil Nadu Governor R N Ravi stoked a fresh controversy on Thursday, remarking that the anti-Sterlite protests in the state in 2018 had been fuelled by foreign funds and was aimed at hindering progress. His comment instantaneously drew an outcry from the ruling Dravida Munnetra Kazhagam and its allies.
In the face of tax blow, brokerages remain sanguine about the prospects of asset management companies (AMCs). A sharp correction in the shares of AMCs over the past three months factors in most of the negatives and turned valuations attractive, observe analysts. In its latest report, Kotak Institutional Equities (KIE) has upgraded HDFC AMC to 'add' (from 'reduce') and reprised 'add' and 'buy' ratings on the rest of the listed AMCs - Nippon, UTI, and Aditya Birla Sun Life.
'Nobody wants to run an exploitation factory.'
The new Insurance Bill will boost investment in the sector
It is revealed that the 2G scam money has been transferred from Chennai to Dubai and Hongkong via Surat.
The lawmakers alleged that Pakistan "knowingly" provides resources to terrorists.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
Yaatris works neither as a comedy nor as a family drama.
With over 80 million Unified Payments Interface (UPI) users, Amazon Pay, the payments business of e-commerce giant Amazon, has been growing at 40-50 per cent year-on-year (Y-o-Y), said Mahendra Nerurkar, chief executive officer (CEO) and vice-president (V-P), Amazon Pay India. "Leveraging just the micro peer-to-peer (P2P) transactions on UPI is not a business model. "While we have enabled those features, we do not chase monthly active users based on this.
Debt mutual funds are likely to be stripped of the long-term tax benefit if they invest less than 35 per cent of their assets in equities. Such mutual funds will attract short term capital gains tax. The government is likely to make such a proposal in the form of an amendment to the Finance Bill 2023 in the Parliament, sources said.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
Real estate bill seeks to impose penalties, including de-registration of the project and other fines in case of a breach.
Debit card payments remained sluggish due to the surge in digital transactions after the pandemic, and the Unified Payments Interface (UPI) has emerged as the most popular mode of money transfer, particularly for small value transactions, according to RBI data. In July 2020, the total debit card spends stood at Rs 2.81 trillion, as compared to Rs 3.15 trillion in July 2023, reflecting a growth of 11.96 per cent. UPI spends have seen a whopping growth of 428 per cent, zooming from Rs 2.90 trillion to Rs 15.33 trillion during the same period, the data revealed.
Piloting the Specified Bank Notes (Cessation of Liabilities) Bill, Finance Minister Arun Jaitley said it will extinguish the government's liability towards scrapped notes and also eliminate the possibility of their bring used as parallel currency.
Jacob Fugger could always add value for his customers. He made himself indispensable. That kept him in the game
Govt to introduce comprehensive law on black money
Regarding road safety, stricter provisions have been proposed for offences like juvenile driving, driving without licence, dangerous driving, drunken driving, over-speeding and overloading.
Avenue Supermarts, the operator of DMart retail chain, reported good results for the July-September quarter (Q2FY24) with strong earnings before interest before interest, taxes and depreciation (Ebitda) and profit before tax (PBT) growth, but lower PAT due to higher tax incidence. The operating margin improved, and like-to-like store sales growth was strong. Average bill value also increased though this may be a seasonal effect to some extent. Analysts are assuming this means the slowdown in retail may have bottomed out.
Nearly three weeks after Prime Minister Narendra Modi announced junking high denomination 500 and 1000 rupee notes, Finance Minister Arun Jaitley introduced a bill to amend the income tax law.
Time is running out for a hapless UPA govt over the Telangana bill, and the latest observation by the Rajya Sabha secretariat -- that the bill has financial implications and so must be introduced and passed in the Lok Sabha first -- has only worsened the crisis for the ruling alliance. Anita Katyal reports.
Gates, who is also co-chair in the Bill & Melinda Gates Foundation, further said since the issue of climate change is "complicated", different interventions are required to be taken including developing new variety of seeds and their distribution to farmers.
Rajya Sabha returns Finance Bill to Lok Sabha; budgetary process over in both Houses, President nod needed now.
The air carriers' liability and insurance draft bill has proposed a five-fold increase in compensation in case of death or injury, the report said.
Sukanta Majumdar, the state BJP president, said, "Amit Shah has set a target of 35 seats. We will achieve that".
The Central Board of Direct Taxes is set to rationalise I-T rules.
Let's take a look at some of his best quotes.
The Code on Wages Bill, 2019 seeks to amend and consolidate the laws relating to wages, bonus and matters connected therewith. The Bill will subsume four labour laws -- Minimum Wages Act, Payment of Wages Act, Payment of Bonus Act and Equal Remuneration Act. About 50 crore labourers will benefit.
This is a post that should be read by all those above 23. If you did not read this at 23, then read it now.
The need for finding options for proper functioning of Parliament is of paramount importance as the frequency of the passage of Budgets and other economic Bills without discussion or debate has only increased in the last few years, notes A K Bhattacharya.
CAF Bill's fate to be decided on Monday
Help yourself and your family financially by not falling prey to these, says Naval Goel
The Bill seeks to create a welfare fund for farmers at a time when Prime Minister Narendra Modi has led from the front a campaign to woo farmers and downtrodden sections of the society.
The Congress on Wednesday said the Supreme Court judgment on certain matters relating to transactions by the Adani Group has proven to be 'extraordinarily generous' to Securities and Exchange Board of India (SEBI) and asserted that the party's fight against crony capitalism and its ill-effects on prices, employment and inequalities will continue.
With the controversial Land Acquisition Bill pending for long, government on Tuesday made a strong pitch in the Lok Sabha for "some sort of understanding" on it, saying passage of the legislation is necessary to make land available for the programme of 'Housing-for-All' by 2020.
Make yoga your way of life and enjoy the unconditional and uncountable benefits leading to better physical and financial health, says Harjot Singh Narula
The a/c holder will have to mention the date of opening of foreign a/c.
Opposition, including Bharatiya Janata Party, Left and other parties, on Tuesday walked out of the Lok Sabha, charging the government with indulging in one scam after another and saying they would not be party to the passage of the Finance Bill and the Railway Budget.
Stating that the food subsidy bill is becoming "unmanageably large", the Economic Survey 2021 on Friday suggested the government to increase the selling price of foodgrains provided through ration shops to over 80 crore beneficiaries. Foodgrains via ration shops are supplied at highly subsidised rates of Rs 3 per kg for rice, Rs 2 per kg for wheat and Rs 1 per kg for coarse grains through Public Distribution System (PDS) as per the National Food Security Act (NFSA). "While it is difficult to reduce the economic cost of food management in view of rising commitment towards food security, there is a need to consider the revision of central issue price (CIP) to reduce the bulging food subsidy bill," the survey said.
Bill Gates specifically complimented India's Aadhaar identity system and the country's performance in the financial services and pharma sectors.
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