India abstained on two UN General Assembly resolutions calling for a de-escalation, an early cessation of hostilities and a peaceful resolution of the war against Ukraine. The resolutions were adopted on the third anniversary of the Russia-Ukraine conflict, with the UN Secretary General stressing that the war in Ukraine stands as a grave threat to the peace and security of Europe and the core principles of the United Nations.
The first tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from Monday, the finance ministry said in a statement. The bonds will be issued in six tranches from May 2021 to September 2021, it said on Wednesday. The subscription period for 2021-22 Series I will be May 17-21, and bonds will be issued on May 25.
The Union government is expecting to rake in Rs 100-200 crore in additional revenue from Pillar Two, only under specific circumstances, a senior finance ministry official said requesting anonymity. It is proceeding cautiously, and is unlikely to implement rules anytime soon, the source said.
'Decline of the UN did not start with the Trump administration. It has been happening over the last two decades or more.'
The growth was primarily driven by domestic investments, which accounted for 60 per cent of the total inflows during the first quarter of the financial year.
A bench comprising Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra said Indian firms, involved in the export of arms and equipment to Israel, may be sued for breach of contractual obligations if they are stopped by it from supplying.
An official said that people in the government were aware of the benefits as well as the drawbacks of issuing overseas sovereign bonds, and there will be consultations with all stakeholders.
The government will issue Sovereign Gold Bonds (SGBs) in six tranches beginning April 20, the Reserve Bank of India said on Monday. The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram and the tenure of the SGB will be eight years with exit option after fifth year to be exercised on the interest payment dates.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
Earlier, finance ministry officials had said sovereign bonds could address the financing problems of the CAD and the infrastructure sector.
'With a very stable technology with limited functionalities, a large network has spanned out.'
'Additionally, the significant employment multiplier will boost direct and indirect jobs of up to 1.1 million.'
The IDF noted that the strikes are being conducted in response to "relentless attacks" from Iran and its proxies since October 7, adding that Israel has the "right and the duty to respond."
As per the practises and tradition at the temples, any offerings made into the hundial directly goes into the account of the deity of that temple. Rules do not permit the administration to return the offerings back to the devotees, Babu told reporters in Chennai.
American President Donald Trump has announced imposing reciprocal tariffs on its major trading partners including China that levy higher import duties on goods shipped from the United States. He has already announced a 25 per cent duty on steel and aluminium imports, which will come into effect from March 12.
United States President Donald Trump stated on Tuesday that he is not ruling out the deployment of US troops to assist in the reconstruction of Gaza, expressing a vision of 'long-term' US involvement in the territory's redevelopment.
A bench comprising Justices Sanjiv Khanna and Sanjay Kumar passed the remark while hearing a batch of petitions filed by former Rajya Sabha MP Subramanian Swamy, advocate Vishnu Shankar Jain and others, who have challenged the inclusion of words "socialist" and "secular" in the Preamble of the Constitution.
'They refuse to be transparent. They refuse to be accountable.'
Rajya Sabha proceedings were adjourned for the day on Wednesday afternoon without transacting any business amid uproar by treasury and opposition benches over the no-trust notice against the House Chairman and the George Soros issue.
Canada's Indian-origin MP Chandra Arya has announced that he is running to be the next prime minister, hours before his Liberal Party announced that their next leader will be chosen on March 9.
The Delhi High Court has reserved its order on a plea by jailed MP Rashid Engineer, facing trial in a terror funding case, seeking custody parole to attend the ongoing Parliament session. Engineer, a Baramulla MP, was opposed by the National Investigation Agency (NIA) who argued that he has no vested right to attend Parliament and there were security concerns. The court said though there might not be a vested right to attend the session, it could exercise its discretion. The NIA also argued that Rashid misused the telephone facility in Tihar jail and that allowing him to attend the session would be a security risk.
Shruti, who lost her entire family in the Wayanad landslide disaster and later her fianc in a road accident, began a new chapter of hope by joining government service. The state cabinet had recently decided to provide a government job to the young woman, who had endured back-to-back tragedies. She joined the Revenue Department as a clerk in the mountainous district, expressing gratitude to the government for its support during her difficult times.
The Supreme Court of India has dismissed petitions challenging the 1976 amendment to the Constitution that added the terms "socialist", "secular", and "integrity" to the Preamble. The court ruled that the inclusion of these terms, made through amendments, is valid and does not affect the original adoption of the Constitution in 1949.
This Women's Day Week, we pay tribute to the extraordinary courage, resilience, and leadership of three iconic Indian queens -- Rani Lakshmibai of Jhansi, Rani Chennamma of Kittur, and Maharani Ahilyabai Holkar of Malwa.
Trading turnover on NSE IX has been witnessing an uptrend and this momentum is likely to continue thanks to the growing global interest in the overall India growth trajectory, MD & CEO of NSE International Clearing Neeraj Kulshrestha has said. Speaking at the Singapore Fintech Festival (SFF) on Monday Kulshrestha said foreign investors are likely to further increase their participation in GIFT City NIFTY.
The report noted that the 2007 UPA deal included a 15 per cent bank guarantee against advance payments.
'What is the harm in having more polling booths?'
Byju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the futureByju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the future as it is very tough for investors to do that in this environment." as it is very tough for investors to do that in this environment."
'The present generation, either due to historical amnesia or political propaganda, has been fed a narrative that paints India as an adversary rather than an ally.'
India as a sovereign democratic republic completed 75 years of its eventful journey on Sunday, with the stage set at the Kartavya Path in New Delhi for the ceremonial parade during which the country will showcase its military prowess and rich cultural heritage.
The Supreme Court on Friday observed the 1976 amendment to the Constitution adding terms 'socialist', 'secular' and 'integrity' to the Preamble underwent judicial reviews and it cannot say whatever Parliament did during the emergency period was all nullity.
'We have to retain some fiscal headroom without compromising on the promised fiscal consolidation roadmap.'
It expects Indian economy to grow by 6 per cent in 2013-14.
The government does not seem keen on issuing fresh gold bonds given the overall cost and rising gold prices.
Misri is also likely to brief the parliamentary panel on the recent upswing in India's ties with China following the agreement to resume patrolling at friction points along the Line of Actual Control in eastern Ladakh.
Huge tri-colour-themed banners have been put up along the Kartavya Path while the theme for this year's tableaux that would roll down the boulevard where the annual Republic Day celebrations take place is 'Swarnim Bharat: Virasat aur Vikas', focusing on 75 years of the enactment of the Constitution.
Lulu Retail announced on Wednesday that its initial public offering (IPO) was oversubscribed 25 times across all tranches, excluding cornerstone investors, generating demand exceeding $37 billion-a record for a private sector IPO in the United Arab Emirates. The company is controlled by Kerala-based business tycoon MA Yusuff Ali. The final offer price for Lulu shares was set at AED 2.04 per share, raising a total of $1.72 billion (AED 6.32 billion), making it the largest IPO in the UAE in 2024 to date.
This will be the first full-year Budget of the BJP-led National Democratic Alliance government since it came to power for a third consecutive term in July last year.
S&P Global Ratings on Wednesday upgraded India's sovereign rating outlook to positive from stable while retaining the rating at 'BBB-' on robust growth and improved quality of government expenditure. S&P said it could upgrade India's sovereign rating in the next 2 years if the country adopts a cautious fiscal and monetary policy that diminishes the government's elevated debt and interest burden while bolstering economic resilience.
'If you invest in sovereign gold bond, you are going to get the price rise of gold over an eight year period.' 'You're also going to get that two-and-a-half percent which the Government of India is willing to give you, treating the money that you've invested in the sovereign gold bond as a kind of a FD or a deposit.' 'That kind of return you can never get anywhere else.'
