Retail inflation declined to a five-year low of 3.54 per cent in July mainly on account of subdued prices of food items, and base effect, according to official data released on Monday. The Consumer Price Index (CPI) based retail inflation was 5.08 per cent in June 2024 and 7.44 per cent in July 2023.
Dravida Munnetra Kazhagam legislator and the party's youth wing secretary Udhayanidhi Stalin was sworn in as minister in Chennai on Wednesday by Tamil Nadu Governor R N Ravi.
Government departments have been tasked with identifying major goals, which will include annual targets from the financial year 2024-2025 to 2028-2029.
'We are very quickly going to announce the timeline of our launches, which should start giving us the turnaround'
The government has decided to set up a national council headed by Prime Minister Manmohan Singh and a committee under the rural development minister to prepare national land reforms policy.
All eyes are now on the Sena factions, led by CM Shinde, backed by the BJP, and his predecessor Uddhav Thackeray, and their performance in the coastal belt in the November 20 polls.
Rural outlay may go up 23% to reduce pains of demonetisation
Private sector lender Yes Bank on Saturday reported a 46.7 per cent growth in net profit to Rs 502 crore for the June 2024 quarter, helped by a reduction in provisions. The city-headquartered bank's core net interest income rose 12.2 per cent to Rs 2,000 crore. Its net interest margin stayed flat at 2.4 per cent.
The statement of Gudha came after former Congress chief Rahul Gandhi batted for the "one-man, one-post" concept in lines with the party's Chintan Shivir reforms amid possibility of Gehlot contesting election for the post of national president of the party.
State-run BSNL on Friday said it will not raise rural telecom tariffs but will reduce some of the development expenditure in those areas to bridge the financial loss of Rs 1,254 crore (Rs 12.54 billion) caused by the latest Access Deficit Charge regi
Finance Minister Nirmala Sitharaman will have to do a tight-rope walk between staying fiscally prudent and general public expectations of lower taxes and a wider social security net, while at the same time firing the engines of the economy before general elections. Sitharaman will on Wednesday present her fifth straight Budget at a time when the economy is slowing due to global headwinds and specific sectors need attention. In the run-up to the Budget presentation, expectations are rife that she may tweak income-tax slabs to provide relief to the middle class and increase spending on the poor through programmes such as the rural job scheme while ramping up financial incentives for local manufacturing.
'You will see him frequently asking customers -- especially retail -- about service experience, pain points, areas of improvement and suggestions.'
The finance minister clarified that indexation benefits offered until April 1, 2001 would be protected. This means older properties, including legacy assets, would benefit.
Ramesh opposes Pawar's plan to provide cheap labour to farmers under NREGS.
The government also termed the alleged insult to the farmer as an infringement on "dignity and self-respect", and said it cannot be tolerated.
The Opposition on Tuesday termed the Union Budget as a 'kursi bachao budget' driven by political compulsions and claimed that it ignored opposition-ruled states in a bid to 'appease' Bharatiya Janata Party's allies.
Fundraising activity in the debt market is gaining momentum ahead of the festival season. Several non-banking financial companies (NBFCs) and the National Bank for Agriculture and Rural Development (Nabard) are planning to raise at least Rs 5,560 crore in the next two days by issuing bonds, with a greenshoe size of Rs 6,370 crore. Ajay Malglunia, managing director and head of investment grade group at JM Financial, said, "The market likes certainty, the market will gain clarity after the US Federal Reserve's (Fed's) policy.
India's development plans, requiring 11 million hectares of land over the next 15 years, is likely to stoke tensions
Voters of Bihar have made it clear that their aspiration and priority are development alone, Modi said in a series of tweets, adding that the people's blessings for the NDA's good governance show what are the state's dreams and expectations.
'I hope the anger that Gujarat farmers have demonstrated is also reflected in other parts of the country in ensuing elections.' 'Only then will the ruling parties accept that something is terribly going wrong in the hinterland.'
'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'
Arshad Nadeem's home village erupted into rapturous celebrations after he clinched Pakistan's first Olympic medal in athletics
The top court's remark came while setting aside an order of the Madras high court which directed the Tamil Nadu government to create the posts under the designation.
Had you invested Rs 10,000 each in JSW Steel, Titan Company and Bajaj Finance 20 years ago, when they were just penny stocks (trading below Rs 10), you would have become a millionaire by now.
'In the new coalition government, India's reform agenda may prioritise job creation and factor market reforms.'
The Union rural development ministry has recommended a Central Bureau of Investigation probe into two separate cases of murder related to corruption and wage demands in Mahatma Gandhi National Rural Employment Gurantee Act in the Bharatiya Janata Party-ruled Jharkhand.
'We are expected to grow at above 28 per cent this year, higher than the industry.'
'There is also a possibility that Andhra Pradesh may demand a similar package. But as of now, we are only working on a package for Bihar.'
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
Aam Aadmi Party's Ferozepur Rural candidate Amandeep Ashu Banger on Monday quit the party and joined the ruling Congress in Punjab, alleging that Arvind Kejriwal's outfit runs like a "multinational company" with only Delhi leaders calling the shots.
Legislators of the ruling coalition partners in Jharkhand expressed solidarity with the Hemant Soren government on Wednesday and said the Jharkhand Mukti Morcha leader will continue as the chief minister.
Redistribution of economic and political power, inclusion of rural areas and the rural poor in development, enhancing access to resources and employment in rural areas, focus on non-farm rural activities, education and training activities and agrarian reform continue to be important areas for public policy. In Asia in general, and in India in particular, poverty has a rural face. Rural development and poverty alleviation are thus two sides of the same coin.
Chip maker Intel on Thursday announced it is developing a 'community PC' to meet the requirements of rural and farming communities in India and expects to launch it by the year end.
Chief Minister Uddhav Thackeray has forwarded the resignation letter of Anil Deshmukh to Governor Bhagat Singh Koshyari with a request that it may be accepted.
About 78 per cent respondents said they were also satisfied with the steps taken by their own state government, according to the findings of the survey.
'Election funding needs a little more transparency.'
A memorandum of understanding was signed between the Ministry and UIDAI in the presence of Rural Development Minister C P Joshi and UIDAI chairperson Nandan Nilekani for this.
In spite of Budget's rural focus, the government has consistently stumbled in agriculture, says Shreekant Sambrani.
Union Minister for Rural Development Jairam Ramesh sanctioned Rs 1133 crore to Tamil Nadu for upgrading 3,000 kilometers of roadways under Prime Minister Gramin Sadak Yojana.
