India has announced suspension of all tourist visas till April 15 in a bid to contain the spread of the virus.
'In the total of black wealth, only 1% or less than 1% constitute cash.' 'So, even if cash is completely weaned out, it impacts only 1% of the black wealth.'
People in different parts of the country have already started celebrating the festival of colours.
Each year the nation is glued to its television screen as the country shows off its might at the Republic Day parade. However, it takes much practice with sessions starting 5 am, and dedication of the participating paramilitary jawans, other participants and behind-the-scenes helpers -- labourers, cleaners and security staff, among others -- who brave the relentless Delhi chill to make the parade a flawless spectacle.
The sentiment in the real estate industry turned optimistic during October-December 2020 and the outlook for the next six months is positive on the back of revival in demand for both residential and office properties, according to a survey by Knight Frank India-FICCI-Naredco. The 27th edition of 'Real Estate Sentiment Index Q4 2020 survey' of developers, banks, financial institutions and private equity players operating in the sector was released on Monday in a video-conference. As per the report, the 'Current Sentiments Score', for the first time in 2020, entered the optimistic zone at 54 points in Q4 (October-December) 2020, a significant jump of 14 points over the previous quarter.
A court in New Delhi on Wednesday pulled up the police for 'apparent absurdity' in clubbing a man's complaint about alleged burning down of his house during the north-east Delhi riots last year with another one and later arresting him in the same matter -- making him both a complainant and the accused.
The key demand drivers -- such as low home loan rates and income tax sops, particularly for affordable housing -- that supported the recovery in H2 FY2021, remain in place and will spur recovery again, feel experts.
Production of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity contracted. The record contraction in the growth rate of eight core sectors will affect the Index of Industrial Production.
The 70 launches were made in the first half of the financial year alone and were mostly focused on hygiene, health & wellness, naturals and convenience, which were in high demand as Covid -19 raged across the world.
The bank is using readily available satellite images from ISRO and NASA for the purpose, and plans to scale up to 63,000 villages in the next three months.
'They are starting to move more quickly and we would just like to continue to see bold action being taken.'
HDFC Bank managing director Aditya Puri on Wednesday said the lender's business is returning to pre-COVID-19 levels and full normalcy is expected to be restored soon.
As many as 3,691 centrally-protected monuments and archaeological sites maintained by the ASI were shut from March 17 in view of the coronavirus crisis.
The agency also carried out searches at 15 locations spread across Delhi; West Bengal's Kolkata, Siliguri and Murshidabad; Uttar Pradesh's Ghaziabad, Punjab's Amritsar and Chhattisgarh's Raipur, they said.
Vigourous gymming by an 18 year old post-lockdown led to a medical condition that caused malfunctioning of his kidneys.
Thirteen years after their small car project was forced out of West Bengal following the anti-land acquisition movement in Singur, Industry and IT Minister Partha Chatterjee has said talks are on with the Tatas for big-ticket investments in the state. Underscoring job creation as the TMC government's top priority, Chatterjee also said incentives to companies will depend on ability to generate employment. He said the Mamata Banerjee dispensation wants two large manufacturing units to be set up by any prominent industrial house at the earliest. "We never had any enmity with the Tatas, neither we fought against them. "They are one of the most respected and biggest business houses of this country and also abroad. "You can't blame the Tatas (for the Singur fiasco).
Just to promote govt's policy of Make in India, BSNL said, it cannot afford to procure sub-standard equipment from inexperienced companies, not having proven technology. BSNL complained that when competitors were procuring world-class 4G equipment from experienced vendors, why should BSNL be compelled to procure locally.
Bangladesh put in a disciplined performance in the field to restrict New Zealand to 145-8 in a World Twenty20 Super 10 stage match at the Eden Gardens on Saturday.
High inflation print is the price that the Reserve Bank of India (RBI) will have to pay to nurse a fragile growth back, say economists. Wholesale Price Index-based inflation rose to a record high of 12.94 per cent in May, aided by low base effect, but also because of higher fuel and commodity prices. Retail inflation, too, surprised by rising to 6.30 per cent, while the core inflation, which is the non-food and non-fuel component, rose to an 83-month high of 6.55 per cent. These numbers are much above RBI's upper limit of 6 per cent inflation target, but there is very little that the RBI can do at this moment.
Pakistan will buy sugar and cotton from India, newly appointed Finance Minister Hammad Azhar announced on Wednesday, lifting a ban on their import from the neighbouring country imposed in the wake of heightened tension over Kashmir in 2019. The decision was taken at the meeting of the economic coordination committee (ECC), which was chaired by Finance Minister Azhar.
Inflation print for food articles, as a basket, remained nearly flat at 7.47 per cent during the month.
'There is little doubt that India's tobacco epidemic is contributing to its TB epidemic,' says Neil W Schluger.
'Serial testing is much more valuable than a single test which reflects just a point in time.'
Coal, crude oil, natural gas, cement, and electricity recorded a negative growth of 8.6 per cent, 5.4 per cent , 3.9 per cent, 4.9 per cent and 2.9 per cent, respectively, in August.
Online booking of tickets will be encouraged but box office will be open for single-screen theatres.
Bandhan Bank is expecting that a little less than 50 per cent of its portfolio will be dominated by affordable housing loans in the next three to five years.
As per the assessment done by the RBI, the gross NPA of the SBI was 11,932 crore more at Rs 1,84,682 as against Rs 1,72,750 reported by the bank. As a result the bank has to make additional provisioning of Rs 12,036 crore in the balance sheet.
The Cabinet on Wednesday approved the National Mission on Edible Oils - Oil Palm (NMEO-OP) with a financial outlay of Rs 11,040 crore to promote domestic cultivation of oil palm in the next five years, and reduce the country's dependence on edible oil imports. The decision comes after Prime Minister Narendra Modi announced the new central scheme on August 15 during his Independence Day speech at Red Fort. Briefing the media, Union Information and Broadcasting Minister Anurag Thakur said the Cabinet approved the NMEO-OP with a focus on the northeast region and the Andaman and Nicobar Islands with a financial outlay of Rs 11,040 crore.
In his every first international innings he was run out for 0. He will end his career as one of the most feared batsmen in international cricket.
Are you ready to play a World T20 quiz? Get started. You have six seconds to answer each question, and you can score as much runs as the time you take to answer.
With this lending rate reduction, the bank has lowered 40 bps so far this fiscal year in five successive rate cuts beginning April.
'For around five hours the storm, reportedly the strongest one ever recorded in the Bay of Bengal, that mother of many a deathly vortex, shook Kolkata like a toddler playing with a rattling toy,' observes Debashish Chatterjee.
Coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and comprise 40.27 per cent of the weight of items included in the Index of Industrial Production.
Sequentially, the loss widened from Rs 2,416.37 crore in the third quarter ended December 2017.
Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
The human toll in the floods and relentless rain across the country reached almost 200 by Thursday, even as thousands in Gujarat, Rajasthan, Assam, Odisha, West Bengal, and elsewhere were forced out of their homes into temporary shelters.
'He's at best a holding-CEO. Not one who will re-imagine the bank,' a senior banker and former colleague tells Raghu Mohan about HDFC Bank CEO & MD Sashidhar Jagdishan.
The department for promotion of industry and internal trade has asked the telecom department and State-owned BSNL to put on hold the tender for setting up 4G network, valued at Rs 9,000 crore, after allegations emerged that the tender favoured foreign companies. The tender was floated by BSNL in March under the new management for setting up the 4G network.
Any shift in investor sentiment may result in speculators fleeing the gold market, driving its price down sharply, quickly. One significant risk for gold is a near-term reversal in the dollar, which recently fell to a two-year low.
'These officers should have sat together and sorted things out.' 'And if things were not working out amicably then the other organisations which control the CBI -- be it the CVC or the prime minister's office or even the home ministry -- someone should have gone ahead and solved these problems rather than reducing it to this farcical situation.'
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