The per capita income of Indians as gleaned from income-tax filing is expected to increase from Rs 2 lakh in FY23 to Rs 14.9 lakh in FY47, coinciding with 100 years of the country's Independence, according to SBI Research. In dollar terms it will increase from about $2,500 in FY23 to $12,400 in FY47. Soumya Kanti Ghosh, group chief economic adviser, State Bank of India, said the weighted mean income was Rs 4.4 lakh in AY14. That rose to Rs 13 lakh in FY23.
Former captain and star striker Bala Devi returned to the Indian women's football team after a hiatus of four years as the 22-member national squad for the upcoming Asian Games 2023 was announced in New Delhi on Friday.
Shubman Gill was conferred with the Polly Umrigar Best Men's International Cricketer of the Year award for 2022-23.
The curtailed squad that is now travelling to the Mexican capital include Rakshitta Ravi, Bommini Mounika Akshaya and Amulya Guruprasad among girls while Harshavardhan GB, Pranav Anand, Dushyant Sharma and
Bangladesh beat New Zealand by five wickets in the opening Twenty20 International at McLean Park, Napier, on Wednesday after dismissing the hosts cheaply for the second time in four days.
The economy may grow by around 7 per cent this financial year as estimated by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), say economists with various organisations. The first advance estimates for 2023-24 will be released on Friday by the National Statistical Organisation (NSO), an exercise done for calculating ratios such as the fiscal deficit. The interim Budget will be presented on February 1.
Around 9 pm Friday, some people from the Muslim community lodged a police complaint alleging that a 14-year-old student of Class 9 had made objectionable remarks on their religion on Instagram, Superintendent of Police (Rural) Raj Kumar Aggarwal said.
Soumya,30, hailing from Idukki district, had been working as a housemaid in Israel for the last seven years. She was killed on Tuesday when the rocket fell on her residence in the city of Ashkelon while she was talking to her husband Santhosh, who is in Kerala, over video call, her family has said.
Renowned agricultural scientist M S Swaminathan and the driving force behind the nation's 'Green Revolution,' passed away in Chennai on Thursday.
The country's real GDP growth in the first quarter will be better than the Reserve Bank's estimate of 8 per cent, economists said on Tuesday. Economists at the country's largest lender SBI pegged the growth at 8.3 per cent while domestic rating agency Icra estimated it to come even higher at 8.5 per cent. The Reserve Bank of India (RBI), which expects the GDP to grow at 6.5 per cent in FY24, has estimated a growth of 8 per cent in the April-June period.
Will Bangladesh come undone again on the big stage or will they shake off the tag as underachievers and win their first World Cup title?
The price hikes during Covid were more because of supply chain and logistics disruptions caused by the pandemic and the Ukraine war rather than firms increasing prices because of higher pricing power, a report by State Bank of India (SBI) said. "It is thus incorrect to infer that concentration power dictated pricing capacity of firms, thus resulting in unyielding core inflation," the report authored by Soumya Kanti Ghosh, group chief economic adviser, SBI, said. A recent research article by former Reserve Bank of India (RBI) deputy governor Viral Acharya had observed that persistence of core inflation in India is due to purchasing power of top-five corporate houses.
A fast track court in Thrissur, Kerala, on Friday awarded death sentence to a man from Tamil Nadu for raping and murdering a 23-year-old woman, whom he pushed out of a running train in February.
ITC's move to demerge the hotel business into a new entity, ITC Hotels Ltd, is a step in the right direction and will allay investor's concerns on the company's capital allocation strategy in the medium-to-long term, said analysts at Morgan Stanley in a note. According to the company, the board of directors has approved in principle the demerger of the hotels business, wherein ITC will hold a 40 per cent stake in the new entity, and the remaining 60 per cent will be held directly by shareholders. The scheme of arrangement shall be placed for approval of the Board at its next meeting to be convened on 14th August 2023.
Images from the ICC Women's Under-19 T20 World Cup 2023 final between India and England at JB Marks Oval in Potchefstroom, South Africa, on Sunday.
Those who watched the DRS were convinced that Shakib was a victim of an umpiring error.
"As I was working on agriculture, my family wanted me to take over the management of our plantations. But my aim was to master the art of developing new varieties, that is genetics and breeding. As the proverb has it, we reap what we sow. Consequently, sowing the right things is very important," M S Swaminathan had once said.
Opener Shweta Sherawat smashed an unbeaten fifty after Parshavi Chopra's triple strike as India notched up a comprehensive eight-wicket win over New Zealand to storm into the final.
Citing a weak manufacturing sector coupled with the steep margin compression, SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points from average estimates. The government will release the official numbers on November 30. In a report on Monday, SBI Research headed by Soumya Kanti Ghosh said corporate results, operating profit of companies, excluding banking and financial sector, degrew by 14 per cent in Q2FY23 as against 35 per cent growth in Q2FY22, though the top line continued to grow at a healthier pace.
Images from the T20 World Cup Super 12 match between the Netherlands and Bangladesh in Hobart on Monday.
Chance for India batters to get their act right against Bangladesh
The India 'A' and 'B' teams registered comprehensive seventh round victories
The agency had in October arrested Sameer Vishnoi, an IAS officer of the state, and two others, after conducting several raids in the case.
The gunbattle took place in the morning at Korchi in Mardintola forest area when a C-60 police commando team was conducting a search operation led by additional SP Soumya Munde, Goyal said.
Kumar had also made it clear that he was in the process of uniting the non-BJP leaders.
India's tally at the world event now stands at four medals.
With the Indian teams doing well so far, they can run into one another in the competition.
Images from the T20 world Cup Super 12 match between Bangladesh and South Africa in Sydney on Thursday.
Higher for longer' may be the narrative in the developed markets, but interest rates might not stay high for very long in India, with a section of the market expecting rate cuts to begin this year. The six-member Monetary Policy Committee of Reserve Bank of India (RBI) decided to keep interest rates unchanged at 6.5 per cent in the April review - after hiking the policy repo rate in six previous meetings. RBI Governor Shaktikanta Das emphasised that the pause was only for the April policy and that the central bank was ready to act if the situation demanded.
Shakib Al Hassan became the second bowler to take 100 T20 wickets, after Sri Lanka's Lasith Malinga, as Bangladesh defended 112-8 by bowling Australia out for 62 in 13.4 overs, the tourists lowest Twenty20 score.
Bangladesh had been hoping for a confidence boosting win before crossing the Tasman Sea for their T20 World Cup campaign in Australia.
Soumya Santosh worked as a caregiver attending to an old woman at a house in the southern Israeli coastal city of Ashkelon.
India 'B' blanked Estonia 4-0 in the second round of the Open section in the 44th Chess Olympiad in Mamallapuram, Chennai, on Saturday while the second-seeded India 'A' team defeated Moldova 3.5-0.5 to make it two wins from as many matches.
It has bolstered the home team's medal chances at the 14-day event, which is expected to see massive participation from more than 150 countries.
With India already being the most successful side at the men's U-19 level with five trophies, expectations were high from the U-19 girls.
The Indian women's team on Sunday lifted its first-ever ICC trophy with a seven-wicket win over England in the U-19 T20 World Cup final.
Soumya Dalimya (17), a Class 12 student, Presha Bhattad (15), a student of Class 10, and Ditya Thapar, who is in Class 8, utilised the lockdown time to make 44 paintings. They have so far raised Rs 84,000 through the sale of their art works.
As new OTT release Bawaal tackles the lives of a terribly unhappy couple, and Satyaprem Ki Katha about a young wife with a tragic secret is a box-office success, here's pick of ten (out of a considerable number) of relatively recent films about troubled marriages.
In a double delight, retail inflation eased to a one-year low of 5.72 per cent - staying below the upper tolerance limit for two months in a row, while factory output rose sharply to 7.2 per cent on the back of healthy growth in manufacturing. The retail inflation numbers based on Consumer Price Index (CPI) will provide some room for the Reserve Bank to further moderate the quantum of hike in key interest rate or even press a pause button. The RBI has been on a rate hiking spree since May 2022 in its bid to tame inflation, having raised the repo rate by a cumulative 225 basis points (bps).
Shafali Verma is by far the most decorated of the lot having already played in three World Cup finals at senior level.
