It would be a difficult task for the Indian economy to reach the $5-trillion mark a year before the International Monetary Fund (IMF) projection of 2026-27. Pankaj Chaudhary, minister of state for finance, said in the Rajya Sabha on Tuesday that the government is taking steps to make the country a $5-trillion economy at a date earlier than the IMF's projection. In that context, it would not be difficult to meet the projection in the third quarter of FY27.
The National Stock Exchange (NSE) on Friday warned investors not to fall prey to investment plans with guaranteed returns offered by Suraj Mourya associated with "Aimers Trader". The exchange pointed out that these entities are not registered either as a member or authorised person of any registered member of the NSE. The cautionary statement comes after the NSE noticed that Suraj Mourya associated with Aimers Trader was offering to handle trading accounts of investors by asking them to share their user identification (user ID) and password.
A man was shot dead in police firing in Telangana's Secunderabad, trains went up in flames, and public and private vehicles attacked, as railway stations and highways turned into battleground in many states on Friday amid burgeoning protests against Agnipath, the contentious defence recruitment scheme.
Top Union ministers, including Home Minister Amit Shah and Defence Minister Rajnath Singh, are expected to attend the meeting at the party headquarters, the sources said.
A total of 244 women officers are being considered for promotion against 108 vacancies, in various arms and services of the Indian Army, by a selection board, sources said on Thursday.
'The government is using the agencies of the government to suppress the Opposition.'
BJP president JP Nadda held a meeting with the ministers on Wednesday to deliberated on the exercise to be held between May 30 and June 15, and to finalise the tour plans.
Days after three infant deaths were reported in Kerala's backward tribal Attapady, the National Human Rights Commission has been petitioned about the issue seeking its urgent intervention and detailed probe.
Out of Rs 86200.65 crore, Rs 83,000 crore have been allocated to the department of health and family welfare while Rs 3200 crore have been allocated to the department of health research.
Addressing a rally in the Balpur area in Gonda in Uttar Pradesh on the completion of nine years of the Narendra Modi government, Singh skipped any direct reference to the wrestlers' protest for his arrest and chose to target the Congress over the Emergency, Ram temple, the 1984 anti-Sikhs riots and other issues.
Reserve Bank of India on Thursday said a centralised portal would be ready in three to four months wherein depositors and beneficiaries can access details of unclaimed deposits across various banks. As of February this year, about Rs 35,000 crore of unclaimed deposits were transferred to RBI by public sector banks in respect of deposits which were not operated for 10 years or more. "In order to improve and widen the access of depositors/beneficiaries to such data, RBI has decided to develop a web portal to enable search across multiple banks for possible unclaimed deposits based on user inputs," RBI Governor Shaktikanta Das said while announcing the first bi-monthly monetary policy for the current financial year.
The domestic benchmark indices - the S&P BSE Sensex and the National Stock Exchange Nifty50 - had lost close to 1.5 per cent in three days recently before gaining slightly. Notwithstanding weakness and volatility, the Nifty50 has managed to hold on to the 18,000 mark, while the Sensex has managed to stay above the 61,000 level. The performance of the stocks that comprise these front-line indices remains polarised.
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.
If a 5% to 10% fall in the equity market gives you sleepless nights, you are not cut out for a 75% to 80% allocation to equities and must reduce it.
The Union government could target a fiscal deficit of 5.8-6 per cent of nominal GDP for 2023-24, and it should continue its capital expenditure push and look to simplify the personal income tax regime, economists recommended Finance Minister Nirmala Sitharaman and her team during their pre-Budget interaction on Monday. Starting last week, Sitharaman had eight pre-Budget consultations this time. More than 110 invitees representing seven stakeholder groups participated in these meetings, the finance ministry said in a statement. The stakeholder groups included representatives and experts from agriculture and agro-processing industry; industry, infrastructure & climate change; financial sector and capital markets; services and trade; social sector; trade unions and labour organisations; and economists.
Kumaraswamy, who also holds the finance portfolio, said he has limited the loan amount to Rs 2 lakh, as it was 'not right' to waiver higher value crop loan.
Wadia group-owned Go First will temporarily suspend flights on May 3 and 4 amid severe fund crunch, the airline's chief Kaushik Khona said on Tuesday.
The domestic hospitality industry is looking to 'fly' in 2023 cashing in on India's G20 presidency, having received the 'oxygen' to run in 2022 after being crippled in the past two years by the pandemic. Domestic travel, especially the leisure segment, gave wind to the industry this year and is expected to continue into the next. Industry players believe that as international arrivals are also likely to pick up even further, the outlook for 2023 is buoyant.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
Ekka, who is embroiled in the controversy for allegedly signing official documents at a private place, was removed from the post following Bharatiya Janata Party's allegation of his conniving with middlemen.
The government on Wednesday approved the inclusion of certain communities in the lists of Scheduled Tribes in Chhattisgarh, Tamil Nadu, Karnataka, Himachal Pradesh and Uttar Pradesh, fulfilling long-pending demands from these states.
Protests against 'Agnipath' left Bihar in flames on Friday when rampaging mobs set fire to dozens of railway coaches, engines and stations and torched Bharatiya Janata Party offices, vehicles and other property, prompting the police to suspend internet services in nearly a third of the state.
There is no dearth of political will today to act against corruption and officers should take action against the corrupt, however powerful, without any hesitation, Prime Minister Narendra Modi said on Monday.
Stepping up the agitation on 'One Rank One Pension', a fast-unto-death was launched by two of the protesting ex-servicemen at Jantar Mantar
The rain ebbed in some places in north India and pelted down in others on Tuesday, with at least seven more people dead and hundreds stranded as raging waters gushed through villages, towns and fields -- from the desert state of Rajasthan to the hills of Himachal Pradesh.
If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
The ministry of labour & employment has now been mandated to seek the 12-digit unique identification number Aadhaar from people like employees and unorganised sector workers seeking registration, benefits, availing services or receiving any payment under various schemes under the Social Security Code 2020. Aadhaar would not be made mandatory for delivery of services under various social security schemes under the purview of the ministry because Social Security Code 2020 has not been fully implemented so far. The rules under the Code are finalised by the ministry but those rules are yet to be notified.
He will replace Amitabh Kant, who will demit office on June 30. Iyer has been appointed for two years or until further orders, whichever is earlier, the personnel ministry order stated.
Prime Minister Narendra Modi on Thursday launched his government's mega scheme ' Pradhan Mantri Jan Dhan Yojana', declaring that it was aimed at eradicating financial untouchability by providing bank accounts to the poor.
In the jobs created in 2022, the share of those in the age group 18-25 increased to at least a five-year high of 56 per cent. A Business Standard analysis of the monthly Employees' Provident Fund Organisation (EPFO) payroll data shows in 2018 the share of youths among the new EPFO subscribers was 50.9 per cent. The National Statistical Office is releasing the monthly EPFO payroll data since April 2018 as part of the government's effort to track formal-sector employment by using payrolls as an instrument.
The remarks by Naidu in his last address as the country's Vice President came even as Telangana's ruling Telangana Rashtra Samithi RS said the welfare of poorer sections of society is not a freebie and that welfare measures taken by governments should continue.
AAP organisational general secretary Sandeep Pathak cited the performance of the party in recent local bodies polls in MP and said it will form the next government.
Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing the limit for tax deduction under 80D of the Income Tax Act. Also among them are issuance of long-term bonds, tax incentives for home insurance premiums, and a separate section to claim deduction for term-insurance premium, among others. These suggestions would help improve the penetration of insurance in the country.
Enthused by higher than expected GDP numbers in the fourth quarter of 2022-23, Chief Economic Adviser (CEA) V Anantha Nageswaran on Wednesday said India's economic growth may exceed the initial estimate of 6.5 per cent in the current fiscal and the country can look for another year of solid economic performance.
From January 1, all these iPhone users will get the Rs 1,499 plan completely free for 1 year, which equals value worth Rs 18,000
Will a caste census make tens of millions desert Mr Modi?, asks Shekhar Gupta.
Government is looking at a "middle path" in resolving the "ticklish issue" of 'One Rank One Pension' demand of ex-servicemen, officials sources said.
A disciplined, systematic investment habit started at a young age is normally sufficient to meet modest goals without having to sacrifice a normal comfortable lifestyle, suggests Harsh Roongta.
Modi said at a time when people are about to vote for the future of the state, "I want to offer you gratitude for your blessings and affections."
According to the new rules, any serving or retired lieutenant general, air marshal and vice-admiral under the age of 62 years will be eligible for appointment to the post of CDS.
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