In one case, the folks at SWAN discovered that of the Rs 1,500 they'd transferred as relief in the account of a stranded worker, the bank had deducted Rs 800 as penalty for not having minimum balance!
'The current budgetary practice of shifting expenditures off-balance sheet in order to be seen to be meeting fiscal targets should be discontinued; additional fiscal stimulus would be imprudent; individual income tax rates should not be cut; GST rates should not be raised now,' advise Arvind Subramanian and Josh Felman.
In her weekly column, mental health guru Anu Krishna offers advice on how to take charge of your life.
We expect the region to record another year of solid growth in 2011, the survey said.
Standard Chartered on Friday lowered India's growth forecast for the current financial year to 4.7 per cent from earlier 5.5 per cent, citing "upside risks" to inflation and fiscal deficit.
A good price. Slim bezels. The Aptoide app store. But is it enough, asks Aparna Banerjea.
Credit rating agency Standard & Poor's has said it might not downgrade India's sovereign credit rating further, after the government announced plans to reduce the gap between income and expenditure
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
India should take 'measured approach' with stimulus packages to deal with COVID-19 by limiting interventions to the provision of food, shelter and basic necessities of life for all; forbearance on payments of outstanding loans; and extra provision of working capital including what will be necessary to cover outstanding wages from lockdown period to enterprises.
Akshay moves SC, saying death penalty entails 'cold blooded killing'. The SC has already rejected review pleas of 3 other convicts.
'The goal is achievable. What is stopping us from getting there?' asks Aakar Patel.
ABCD 2 feels a bit of stretch at 154 minutes.
Index products like fixed-income, volatility and weather to broaden basket for hedging.
'If questioning and dethroning hierarchies is your primary motive, why not put an end to the practice of announcing your shining star, your box office draw, in big flaming letters and mentioning everyone else's name in small font at the bottom of the screen?' asks Sreehari Nair.
Some of their bowling and fielding frailties exposed in the series-opener, India will aim for quick course correction when they take on a resurgent New Zealand in a must-win second ODI, in Auckland, on Saturday. India find themselves in a familiar situation after the loss in Hamilton. But the visitors have come from behind against the West Indies and Australia to win their last two ODI series and Virat Kohli's men will aim to do the same against the Kiwis.
Every student of Classes 9 and 10 will receive Rs 2,200 and that of Classes 11 and 12 Rs 7,500 as scholarships, said the manifesto, which was released by Prasad in Ranchi, in the presence of Chief Minister Raghubar Das, Union Tribal Minister Arjun Munda and BJP's state unit president Laxman Gilua.
Those in the soccer competition that started ahead of the main event beginning on Saturday have borne the brunt of the disruption.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
The global rating agencies S&P and Moody's have downgraded the credit ratings for several government-related entities in Dubai on fears about the government's failure to provide timely financial support to them.
While Infosys board gave a clean chit to the Panaya deal, Murthy stands firm on his allegations and said, 'sadly, it appears we will no longer know the truth'.
Factoring in the government's push to improve its finances and higher growth, Standard & Poor's today revised the outlook on India's sovereign credit rating to stable from negative. At the same time, it warned that high inflation could spoil the party. The agency affirmed the 'BBB-' long-term and 'A-3' short-term sovereign credit ratings on India.
A WGC survey says that there is no dearth of gold demand, but there is lack of trust among prospective gold buyers, not only in India but globally.
The ICC also announced that the captains will not carry forward any over-rate offences into the World Cup.
India plans to phase in cash transfers of food and kerosene subsidies from September, saving 10-15 per cent of the $21 billion in annual outlays on the benefits by eliminating fraud, a senior finance ministry official said on Thursday.
Scientists have proven that women frequently use their sex as a get-out clause for everything from crying to their failure to take the bins out!
Indian economy has clocked a growth of 8.7 per cent in the first half of the calendar year. It said strong farm production will help drive economic recovery and also bring down food inflation, even though it said, 'inflation remains worrying.'
Gold prices gained marginally, in an otherwise listless and cautious trading on the bullion market in Mumbai on Saturday owing to stray buying support.
A 4-year study of nearly 300 companies listed on the National Stock Exchange of India found evidence of a positive and significant relationship between corporate governance practices and company performance, S&P said on Wednesday.
Manufacturing sector suffers from project delays, lack of fresh capital.
Mahesh Vijapurkar urges Indian sportspersons to stand up and show contempt for the poor standards that appear the benchmark of the Commonwealth Games.
As we count down to Mother's Day on May 9, here's a look at some of the 'hottest' screen mothers in recent times.
As visibility remained poor and the city choked due to a haze, the Centre for Science and Environment asked the Delhi govt to roll out stringent plans for controlling winter pollution.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
In an interview with BS, Roopa Kudva appears most excited about climate change. Another area is the grading of listed equities which, according to her, is an extension of IPO-grading.
Liverpool's defence of a Premier League crown won at a canter last season has become a nightmare
Long-term investors should consider moving into smaller stocks. Rather than try to pick stocks, it makes sense to build a diversified portfolio by exposure across midcap and small caps funds, suggests Devangshu Datta.
Lampard must re-energise the team to even hold onto Chelsea's tag as best of the rest behind Premier League champions Manchester City and runners-up Liverpool.
The negative aspect about the Budget is that the capital expenditure has been marginally cut to achieve the fiscal deficit target assumptions, and the onus of sustaining investment demand till private capex revives continues to vest with the public sector enterprises, notes Jyotivardhan Jaipuria.
Benfica's Paraguay forward Oscar Cardozo converted two second-half penalties to help them come from behind and beat 10-man Liverpool 2-1 as the Europa League dished up more drama in the quarter-finals on Thursday.
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