If there were an Olympics for bank frauds in India, Rishi Agarwal, founder and former chairman of ABG Shipyard Ltd, a nephew of the Ruia brothers of the Essar group, would bag the gold, pushing Nirav Modi to his right, says Tamal Bandyopadhyay.
Chief Economic Adviser K V Subramanian on Monday said India is likely to post current account surplus in the current financial year as there is moderation in import due to under heating of the economy triggered by the COVID-19 crisis. This crisis is different from what the world witnessed during the taper tantrum, he said while addressing a virtual conference organised by industry body CII. Taper tantrum phenomenon refers to the 2013 collective reactionary response that triggered a spike in US treasury yields, after investors learned that the US Fed was slowly putting brakes on its quantitative easing (QE) program.
Boxers and coaches have connected over a WhatsApp group to raise over 1 lakh, transferred directly to Dingko's account through online payment modes. The 'mission' started on Tuesday evening once Dingko's bank details were established. The contributions have ranged from 1,000 to 25,000 so far and are still coming in.
The Indian Premier League is not only one of the world's most lucrative annual sporting properties but also among the most durable, with not even the lengthening shadow of the COVID-19 pandemic apparently able to stop the Twenty20 juggernaut.
The Reserve Bank of India on Wednesday retained the economic growth projection for the current financial year at 10.5 per cent, while cautioning that the recent surge in COVID-19 infections has created uncertainty over the economic growth recovery. In its last policy review, the RBI had projected a GDP growth rate of 10.5 pc for FY'22. Taking various factors into consideration, it said, "the projection of real GDP growth for 2021-22 is retained at 10.5 per cent consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4."
Nearly one lakh autorickshaws went off the roads in Mumbai on Wednesday during a day-long strike to press for regulation of app-based cab sevices, hitting commuters hard with many stranded in several places across the metropolis.
'Q1 is going to bear the brunt of the second wave, exposing full-year GDP forecasts to downward revisions, unless phase-3 of vaccination is executed quickly.'
According to the Graded Response Action Plan (GRAP), the air quality is considered to be in the emergency category if the PM2.5 and PM10 levels continue to be above 300 micrograms per cubic metre and 500 micrograms per cubic metre respectively for 48 hours or more.
The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks to boost demand, consulting firm PwC India said on Thursday. Addressing a pre-Budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals.
India's GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter "V" in the V-shaped recovery stands for vaccine. The Indian government launched the world's biggest vaccination drive on January 16 to protect people from COVID-19. "What will 2021 look like? The shape of the recovery will be V-shaped after all and the 'V' stands for vaccine," said an article on the 'state of economy' in the RBI's January Bulletin. India has launched the biggest vaccination drive in the world, backed by its comparative advantage of having the largest vaccine manufacturing capacity in the world and a rich experience of mass inoculation drives against polio and measles.
Surplus rain water gushed out of reservoirs while several roads here resembled swollen rivers and four persons were killed in rain related incidents in Tamil Nadu and over 60 houses suffered damage, authorities here said on Monday.
It will be Ashwin's third county stint, having represented Worcestershire and Nottinghamshire in the past.
The Delhi government had been forced to impose lockdown amid a steep rise in COVID-19 cases on April 20. Although, the cases have come down and positivity rate has reduced from the high of 35 per cent on April 26 to around 23 per cent now, but strictness is needed.
Apart from bringing new suppliers on board, Xiaomi is also hoping to take advantage of the newly launched PLI scheme that offers incentives on incremental production of smartphones with 2020 as the base year.
If you plan to take an auto loan, Priyadarshini Maji lists 5 points you need to consider.
It pulled up the Delhi government for its plan to introduce 6,000 new buses without conducting any study or research.
The ministry of road transport and highways on Monday launched a modified e-rickshaw based on the new rules notified through amendments in the Motor Vehicles Act.
There were no curbs during the day in over 90 per cent of the Valley with the situation being eased in 92 police station areas in view of the improving situation.
Although Ojha's international career never took off, the Ujjain-born player has played 146 first-class games notching up 9,753 runs
The officials said that the situation remained peaceful across the valley on Saturday and no untoward incident was reported from anywhere.
'Those (Russian) fighter jets just drop bombs and fly away.' 'How will they know if a bus is carrying Indian students?'
The bill to nullify retrospective taxation offers a fair solution within the framework of Indian law and Parliamentary sovereignty to companies which have been subjected to such demands, Finance Secretary T V Somanathan said on Thursday. Finance Minister Nirmala Sitharaman introduced 'The Taxation Laws (Amendment) Bill, 2021' in the Lok Sabha that seeks to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets. The Bill provides for the withdrawal of tax demand made on "indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 (i.e. the day the retrospective tax legislation came into being)."
Finance Minister Nirmala Sitharaman presented her third Budget on February 1.
Did the ISI choose the Rajasthan border to smuggle narcotics after striking deals with Indian smugglers, who would send the money to various terrorist groups in Kashmir?
'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'
The decision has come amid a spike in the number of infection cases, which had crossed 35,000 on Saturday.
So, what's the problem if our present is screwed up when the future promises to be profitable? It's an Indian habit, notes Shyam G Menon.
During the last three days, more than 2 lakh persons have been transported per day. In days to come, it is expected to be scaled up to 3 lakh passengers per day, the Railways said.
Out of the 932 trains which have been operated so far, 215 are in transit while 717 have terminated at various stations. Sixty-seven more are in the pipeline, an official said.
Double-decker buses are a big attraction for commuters.
Left shaken by a bunch of world-class operators, the Indian team's white-ball stars will be aiming to put up an improved batting effort in the second T20 International against England in Ahmedabad on Sunday.
Till Tuesday night, the national transporter had run 88 trains for the migrant workers who were stranded at their workplaces due to the coronavirus lockdown and wishing to go back to their homes. Each special train has 24 coaches, each with a capacity of 72 seats. But the national transporter is allowing only 54 persons in a coach to maintain social distancing norms by not allotting the middle berth to any passenger.
Withdrawing the strike call given last week, the Bombay Taximen Union Taxis has said that taxis will ply on Mumbai roads on Tuesday, Wednesday and Thursday.
Expect a more modest out-turn of around 5 per cent (if not less) because of the longer-term scarring effects of the Covid shock, the sharply slowing growth in the pre-Covid years and some scepticism about the growth-efficacy of some of recent official policy initiatives, explains Shankar Acharya, former chief economic advisor to the government.
The separatists, under the banner of Joint Resistance Leadership, on Tuesday called for a strike for Thursday against the killing of Shujaat Bukhari and also civilians allegedly in security forces firing.
'I've walked 1 hour, 25 minutes to work,' says Nalini Kudalkar.
A limited number of activities will remain prohibited across the country, irrespective of the zone, including travel by air, rail, metro and inter-state movement by road, running of schools, colleges, and other educational and training/coaching institutions.
Two of the three youths killed in an encounter with security forces in the Parimpora area of Srinagar were 'radically inclined' and working as overground workers of the Lashkar-e-Tayiba (LeT) terror outfit, police said on Friday and added that the case was being investigated.
"The overall Delhi's Air Quality Index is in the very poor category with few Delhi locations entering at higher zone but that will be short lived. This is mainly because the extremely calm local surface winds which were prevailing yesterday are likely to increase slightly and may further pick-up by Oct 26," SAFAR said.
'You cannot achieve everything in one day and in the long path, there will be ups and downs in your life.'
