Of the 1,000 surveyed by IIM-A, only five were aware about the government-sponsored gold schemes
Consumption of gold is the highest among middle-income households - those with annual income between Rs 2 lakh and Rs 10 lakh - who account for an average of 56 per cent of gold sales over the last five years, according to a nationwide survey conducted by India Gold Policy Centre (IGPC) at the Indian Institute of Management, Ahmedabad (IIM-A). "Per capita consumption is highest among the rich, but total volume still rests with the middle-income group. "With increasing income, there is an increasing propensity to consume gold, although the share of gold in the portfolio does not increase with the same proportion of income," the survey report says.
After two years of a record low interest-rate regime, Indian corporate houses are experiencing a sharp and abrupt increase in funding costs. With the Reserve Bank of India last month making an unequivocal turn towards policy tightening amid high inflation, firms looking to tap the capital markets for funds are ending up shelling out more. The yield on the benchmark triple-A-rated corporate bonds maturing in three years has climbed 98 basis points (bps) since the policy rate hike in May. It was last at 7.47 per cent, Bloomberg data showed.
'Where is the question of not hanging Afzal Guru when the case was an open and shut one,' former R&AW chief C D Sahay tells Rediff.com's Vicky Nanjappa.
Shekhar Dutt's resignation has sparked a debate on the parameters of removing a governor.
Bihar is no stranger to being at the centre of a tectonic shift in national politics fuelled by turbulent regional forces.
After days of celebrations, the Ganpati festivities have come to an end.
'I'm usually pretty chilled and cool, but there are random moments when the brain doesn't compute and I don't stop to think.'
According to senior officials, nine additional commissioners have been allocated departments and office spaces at different floors of the Civic Centre, while three deputy commissioners were also appointed.
Joginder Tuteja lists the Web series and films coming up this month.
The lovely couple welcomed their first born last week.
'It was one of the most difficult and complex songs of my career.'
Squad drags from scene to scene like a lifeless sloth with no destination in mind, sighs Sukanya Verma.
She's someone very, very special, folks!
The 17 year old from Ballarpur, Maharashtra has scored 346 out of 372 marks in the Joint Entrance Examination (Advanced) results announced Friday.
'Pakistan is well aware in case of 26/11-like attack Narendra Modi if in power will not take things lying down,' former RA&W C D Sahay tells Rediff.com's Vicky Nanjappa.
This is the second time in a week that the Karnataka state capital is witnessing such severe waterlogging.
Neil Nitin Mukesh will get married to Rukmini Sahay in Udaipur and the festivities will start on February 7 to 9.
The newlyweds walked hand-in-hand.
An amazing crop of talent showed up at LFW's model auditions in Bengaluru but only six made the cut.
Tele/video-consults have been effective for patients requiring post-hospitalisation follow-up, especially if they are from outside the city; patients with chronic diseases that need periodic monitoring; and pregnant women who require routine checkup with minimum exposure.
15 designers showcased their collections at the the Blenders Pride Fashion Tour.
The word was chosen by an advisory panel of language experts Kritika Agrawal, Poonam Nigam Sahay and Imogen Foxell.
According to sources in the Dhanbad court, Anand, known to be strict judge, had recently declined bail pleas of some gangsters, and the incident could be a fallout of this decision.
IIM-A will be offering six programmes that are blended or a mix of online and offline.
Tara Shankar Sahay, a veteran journalist formerly employed with rediff.com, passed away this morning in a New Delhi hospital after prolonged illness. He was 51 years old
Patients have been waiting for days, weeks and sometimes months for appointments for dialysis, chemotherapy and other emergency procedures.
As part of the women and sustainability fashion show, four designers showcased their collections on Day Two of Lakme Fashion Week Summer/Resort 2020.
Filmmaker Ashoke Pandit hosted a wedding reception for his daughter Shaarika and son-in-law Tapas in Mumbai over the weekend.
'Look at the selection of targets and also the timing of the attacks. It is clearly designed to cause maximum damage. The target was not a particular facility which was aimed at hurting the economy," says former R&AW chief C D Sahay.
To tap the rapidly expanding online retailing market, Philips Lighting, a subsidiary of the Dutch consumer electronics giant Royal Philips, has partnered 'exclusively' with Amazon to sell its latest product range.
Mahindra is the latest among a clutch of other manufacturers that have been using services, fuel efficiency and packages as unique selling proposition. Sales of Mahindra's heavy trucks dropped to 3,427 units in the eight months from April to September.
Interview with C D Sahay, former chief of the Research and Analysis Wing, on Headley and terror.
The models at the Lakme Fashion Week are missing their brothers, they tell Rajesh Karkera/Rediff.com.
The Ghaziabad police has registered a criminal case against a self-styled godman for allegedly kidnapping a 28-year-old MBA girl.
It's very easy to keep up with the children of Bollywood's leading heroes. But what about Bollywood's biggest villains?
The film 'MS Dhoni: The Untold Story', which is played often on TV, is a guilty pleasure for Dhoni fans.
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