Finance Minister Nirmala Sitharaman on Tuesday said the securities transaction tax (STT) will be increased on futures and options (F&O) trade from October 1 to discourage retail investors from investing in the risky instrument.
...why are the government is running away from a Joint Parliamentary Committee
The Congress on Saturday accused the Centre of insulting Dr Manmohan Singh, the country's first Sikh prime minister, by carrying out his last rites at the Nigambodh Ghat instead of a designated spot that could later become his memorial.
The banned Baloch Liberation Army (BLA) claimed responsibility for the attack, saying the blast was a suicide attack targeting a convoy of Chinese engineers and investors leaving the Jinnah International Airport.
'As we enter 2025, it must be acknowledged that there is a convergence of capital, influential people (from business and politics) and technology deciding the destiny of others in the name of pride, patriotism, nationalism, nation building, all of it thinly veiled disguises for personal profit and glory,' asserts Shyam G Menon.
It is hard to escape the feeling that solving the problems of 2020 and 2021 will require something special which at the moment is not on view, observes Aakar Patel.
Prime Minister Narendra Modi led-NDA government in its third term must tackle the problem of unemployment in the country, especially in the unorganised sector and in small and medium enterprises, former NITI Aayog Vice Chairman Rajiv Kumar said on Monday. Kumar also emphasised that the government now must finalise the four labour codes as it has been delayed beyond expectations. "We must recognise that post-COVID economic recovery has been a K-shaped recovery.
Policymakers should aspire to restore the pre-Independence environment where the rupee was trusted and used all over South Asia, in Southeast Asia, in West Asia, and in East Africa, suggests Ajay Shah.
CSK, with their experience of winning important moments, will certainly make Capitals wary.
There is a view that heavyweight portfolios like home, finance, defence and external affairs besides education and culture, two ministries with strong ideological hues, will be kept by the BJP, while its allies can get anywhere between five to eight cabinet berths.
Shah said police used force as the protesters indulged in violence, set blaze vehicles. He also said the NRC was not a religion-based exercise.
The BJP is the preferred choice because it offers what the Mughals and later British offered in their time: A stable polity and an environment in which business could function, explains T N Ninan.
As political winds stir in these states, it's prudent to assess their economic landscapes.
Unfazed by the protests against the Act, Shah challenged protesters to oppose the legislation as much as they can. He also asked students who are opposing the legislation to read it properly and understand its meaning.
Why did the company zero in on RBL Bank to understand the business of banking? While the M&M investors heaved a sigh of relief, one gentleman must have been all smiles after this, RBL Bank MD and CEO R Subramaniakumar, notes Tamal Bandyopadhyay.
Addressing the party workers and people of Bihar through a virtual rally, he attacked the opposition Rashtriya Janata Dal saying the growth rate of the state was just 3.9 per cent when the party was in power, but it rose to 11.3 per cent under the NDA.
If and when this latest crisis moves towards resolution, it's unlikely that the economic solutions will take much precedence, says Sreenivasan Jain.
A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to "pre-occupation", Adani Total Gas Ltd said. Hindenburg Research in its January 24 report that levelled allegations of fraud, stock manipulation and money laundering against the Adani group, had also raised the issue of the size and capability of the firms auditing the conglomerate. Adani group has repeatedly denied all allegations.
Prime Minister Narendra Modi and Home Minister Amit Shah will soon get around to reworking their organisational set-up and administrative priorities to regain lost ground in the wake of the Delhi electoral debacle, but there's third course available to them as well. That is to introduce the presidential form of government, which prime ministers Indira Gandhi and A B Vajpayee flirted with before abandoning it. Will Modi go further than them? N Sathiya Moorthy analyses the scenario.
The tea industry's cup of woes brimmeth - scanty rainfall and pest attacks have dragged down production in May, prices are lower than last year, and demand from some export markets is muted. Production in North Bengal - comprising the Dooars, Terai, and Darjeeling - is majorly affected; parts of Assam are also hit. Arijit Raha, secretary general, Indian Tea Association (ITA), said that the Tea Board numbers for April show a crop loss of about 9 per cent for North Bengal, compared to last year.
The papers presented by Indian Police Service officers at the just concluded conference of director generals of police (DGPs) and inspector generals of police (IGPs) submit that by providing huge amounts of money in the name of loans for developmental works in Southeast and South Asia, China wants to reduce India's influence in the Indian Ocean region and force resolution of bilateral issues on Beijing's terms.
The only path to recovery of the economy lies in profit growth that triggers off employment growth, and finally investment, notes Ajay Shah.
'For no other leader of India do so many people turn up for an event every year without invitation.'
...close to the 2024 general election. The BJP calling the Congress 'seasonal Hindu' is as laughable as the saffron party sparing itself the title of 'seasonal extreme Hindu.'
How else should one describe its election campaigns of the past years?
It was typically obsessive religion and personality cult with economic development for fig leaf, asserts Shyam G Menon.
Among the Sensex firms, Kotak Mahindra Bank, Tata Steel, ITC, ICICI Bank, Bajaj Finserv, Maruti, Mahindra & Mahindra and State Bank of India were the biggest winners. Tata Consultancy Services, Infosys, HCL Technologies, Tech Mahindra, Asian Paints, Wipro and Tata Motors were the biggest laggards.
A way out of the economic slump is to revisit the template of 15 years ago and follow its constituents, recommends Ajay Shah.
The Centre has constituted a five-member expert committee to study various alternatives available to it to decide on a new capital for Andhra Pradesh.
Many investors want to exit equities now and re-enter when they begin to rise. Such timing is difficult to pull off.
The party president also said that India's self-confidence, pride and scale of ambition have grown manifold in three years.
Anyone endangering sovereignty or integrity of India may get a maximum punishment of life imprisonment while those involved in mob lynching and rape of minor may be given the maximum punishment of death sentence.
If Rahul's yatra makes a political statement from the other side of the aisle and Shah Rukh's success underlines a more relaxed popular mood, Mr Modi and Mr Bhagwat's cues to their followers are coming from another place, observes Shekhar Gupta.
Devanik Saha wonders if saffronisation of India is on the rise
Production at factories, mines and utilities likely rose an annual 2.4 per cent in August, up from July's 0.5 per cent rise, according to the survey of 26 economists.
The Securities and Exchange Board of India (Sebi) has proposed stricter disclosure norms for certain foreign portfolio investors (FPIs) to bring in more transparency and trust against the backdrop of the Adani-Hindenburg Research saga. Under the new norms, FPIs with an exposure of more than 50 per cent to a single group or with assets of over Rs 25,000 crore will be tagged as 'high risk' and will be required to provide additional information such as full identification of their ownership, economic interests, and control rights. A failure to provide these disclosures will lead to invalidation of the FPI registration.
he Centre on this day in 2019 had revoked Article 370, which gave special status to the erstwhile state of Jammu and Kashmir, and bifurcated it into union territories of Jammu and Kashmir and Ladakh.
The sources said consultations with some of the ministries have been undertaken and the state may soon witness the end of governor's rule.
Only one 25 basis points rate cut is likely this calendar year, between April and June, the poll says
Based on the evidence at hand, Modi's goal of scripting a broader, lasting upturn appears some way off, says Rajesh Kumar Singh.
India likely to overtake China on strong GDP growth.
