The Make in India Week has become a platform for two Bharatiya Janata Party (BJP)-ruled states to jostle for the number one destination in India for investor funds.
the defence ministry told Parliament on Monday that foreign procurement in defence has risen to Rs 50,061 crore (Rs 500.61 billion) in 2021-2022 from Rs 37,030 crore (Rs 370.30 billion) in 2017-2018.
'...for at least 6 months and give them peace of mind to get back on their feet.' 'Entrepreneurs are suffocating and not able to run their companies peacefully.'
A special court in Ahmedabad which acquitted all the 67 accused in the Naroda Gam post-Godhra riots case has criticised the probe conducted into it by a Special Investigation Team (SIT) formed by the Supreme Court, and said the evidence of the prosecution's witnesses was full of contradictions and could not be relied upon.
According to state officials, the project envisages lifting of 17.40 thousand million cubic feet of water from river Thunga to Bhadra reservoir and 29.90 TMC from Bhadra reservoir.
No longer a discretion of the tax administrator, the audit of returns filed by taxpayers is now based on a selection by algorithms, notes Tarun Bajaj.
The corner shot weapon will protect members of anti-terror operation parties from coming in line of direct fire from terrorists in close-combat situations, which mostly take place in congested and populated areas of Kashmir, he said.
If you have seen Zwigato, Param Kumar's story will sound familiar. Laid off from his job as a repairman at a Gurugram-based water purifier provider, he now delivers groceries and food for a mobile-based delivery app, in Delhi. Kumar, who started making deliveries last August, told Business Standard that he is working longer hours than his older salaried job as an RO repairman, and has no paid leaves or health insurance. Kumar is part of India's estimated 7.7 million-strong force of gig workers.
The Army is looking at procuring the LUHs and LCHs to replace its ageing fleets of Cheetah and Chetak helicopters.
The Uttar Pradesh government will tap the Indian embassies in the US and European countries in its bid to double merchandise shipments to Rs 3 trillion in the next 4-5 years. The Indian embassies in the US, UK, Germany, Australia, Israel, Singapore, etc. will promote the micro, small and medium enterprises (MSME) products, apart from traditional handicrafts and indigenous products, under the state's flagship One District One Product (ODOP) scheme. "Indian embassies will provide the much-needed traction and visibility to our traditional products in key export destinations across the globe," UP additional chief secretary (MSME and export promotion) Navneet Sehgal told Business Standard.
The Bharatiya Janata Party-Asom Gana Parishad alliance swept the Guwahati Municipal Corporation (GMC) polls on Sunday, bagging 58 out of the total 60 wards, while the main opposition party Congress drew a blank.
The era when anyone could encroach on India's land has passed and no one can dare to eye its border, Home Minister Amit Shah said in Kibithoo, Arunachal Pradesh, on Monday.
India's economy is projected to slow to 6.5 per cent in the fiscal year starting April but will remain the fastest growing major economy in the world as it fared better in dealing with the extraordinary set of challenges the globe has faced, the Economic Survey 2022-23 said on Tuesday. India's gross domestic product (GDP) growth of 6.5 per cent in 2023-24 compares with an estimated 7 per cent expansion in current fiscal year (April 2022 to March 2023) and 8.7 per cent in the previous year. Like the rest of the world, India too faced an extraordinary set of challenges in tightening financial conditions and supply chain disruptions from a prolonged war in Europe but "withstood them better than most economies", the annual document detailing the state of the economy said.
The Bharatiya Janata Party had won 30 of the total 50 seats in the region in the 2018 assembly polls, followed by Congress 17, Janata Dal-Secular 2, and others (KPJP-Shankar) 1.
Union minister Rajeev Chandrashekar on Tuesday rejected Dorsey's claim, calling it an "outright lie" and "an attempt to brush out that very dubious period" of firm's history.
India has a huge untapped population which doesn't have facilities for financial aid and insurance, and it is perhaps plausible to look at the option of having niche players catering to smaller sectors akin to non-banks and microfinance institutions in lending, said Rakesh Joshi, member (Finance & Investment), Insurance Regulatory and Development Authority of India (Irdai). Speaking at the Business Standard BFSI Insight Summit, Joshi said, "Today, most of our insurance companies operate at a national level. There is arguably a case for having differentiated operations, which cater to niche sectors the same way we have non-banking financial companies (NBFC) and microfinance institutions in lending." "The capital requirement for niche players may not be as large as those having national ambitions. "Enabling these niche players, which require lower capital, will enhance the penetration in areas which hitherto had not seen traction from large players," he said.
Exuding confidence in sustaining the tempo of credit growth, public sector bankers said on Wednesday that consolidation in the public sector bank (PSB) space has given them a robust base to scale. The privatisation of PSBs can be done through divestment of government stake to a wider base of investors without haste. There is nothing to worry about at this point (high credit offtake) as underwriting standards and risk management are much better.
'Our brave Indian soldiers don't reply to raining of bricks with mere sticks, they do so with iron rods'
'If the authorities go about completing this project the way they have proposed, this is going to cause a HUGE environmental impact not only on Malabar Hill but also on the rest of the city.'
Every political party loves to use the bait of loan waiver to woo the electorate. If their hearts bleed for the poor, they can always use the party funds to pay off the lenders, suggests Tamal Bandyopadhyay.
'The approach today is, instead of giving loans to 100 MSMEs, let us give one loan to a big-ticket corporate.' 'And so many of these big fish deceived the banks and the banks are in the doldrums now with high NPAs.'
Gujarat Congress working president Hardik Patel on Monday removed his designation and party poll symbol of 'hand' from his Twitter profile amid mounting speculation about his next political move after he launched a scathing attack on the state party leadership and praised the ruling BJP.
The court made the point clear while hearing a batch of pleas by several account holders challenging their suspension and deletion by the social media platforms.
Patel was administered the oath as the 18th chief minister by Governor Acharya Devvrat at a function held at the Helipad Ground near the new Secretariat.
In the prevailing difficult circumstances, the Congress is the only party that can provide capable and decisive leadership to the country, Kharge asserted.
Tejashwi Yadav on Friday called out Union Minister Giriraj Singh for sharing an "edited video" of an interview to suggest that the young Rashtriya Janata Dal leader was going back on his promise to create 10 lakh jobs in the state.
Nearly eight months after the government repealed the three controversial farm Acts, it has constituted a high-powered panel under the chairmanship of former agriculture secretary Sanjay Agarwal to make the minimum support price (MSP) mechanism more effective and transparent as promised by Prime Minister Narendra Modi in his televised address announcing the repeal. The names of three members from the Samyukta Kisan Morcha (SKM), the main grouping that spearheaded the year-long agitation at Delhi's borders, have been withheld, pending receipt by the government, stated a gazette notification. NITI Aayog member Ramesh Chand, Indian Institute of Management-Ahmedabad Professor Sukhpal Singh, Indian Farmers Fertiliser Cooperative chairman Dilip Sanghani, secretaries of the Departments of Agriculture, Indian Council of Agricultural Research, Food and Consumer Affairs, Cooperation and Textiles, along with representatives from the state governments of Karnataka, Andhra Pradesh, Sikkim, and Odisha will also form part of the panel.
Could it have been more reformist? Of course, but this is an election year Budget, observes Akash Prakash.
India's unabated tryst with Russian crude oil is slowly coming to an end. The time has come for Indian refiners to navigate, creatively, the choppy waters of the post-honeymoon period, and for Indian policymakers to take cognisance of the broader impact on India from the spillover of the Russian crisis - after Washington's warning to transgressors last week. Shipments from Russia to India have averaged over 1.8 million barrels a day since February, according to data from Paris-based market analytics firm Kpler. But much of the crude shipped to India was non-sanctioned because it traded below a price cap set by the US led G-7 nations in December.
A day after the Reserve Bank of India's (RBI's) Monetary Policy Committee hiked the policy repo rate by 50 basis points (bps), several commercial banks, including ICICI Bank and Bank of Baroda, raised their external benchmark-linked loan rates by an equal amount on Thursday. HDFC, the country's largest mortgage lender, too, increased its interest rates on housing loans by another 50 bps. In total, it has raised rates by 85 bps since May 4, when the RBI had increased the repo rate by 40 bps in an off-cycle meeting.
Timely onset of south-west monsoon is crucial for kharif (summer) crops.
After the Gujarat and Himachal elections and the municipal polls in Mumbai and Delhi, Karnataka, Rajasthan, MP and Chhattisgarh will elect new assemblies next year leading up to the Lok Sabha election in April-May 2024, points out Virendra Kapoor.
Their number is dwindling, but single-screens believe they have a place in the entertainment space
This is probably for the first time that the two former party colleagues-turned-opponents shared the stage after Rane's exit from the Shiv Sena, of which Thackeray is the president.
Companies are worried that any staggered roll-out of GST could result in cash flow issues with businesses not able claim tax credit due to breakage in the chain
Union Minister Anurag Thakur hit out at Gandhi over his claims of being under surveillance by intelligence agencies and accused him of maligning India on foreign soil.
Known for delivering time-bound results, Sharma earned Modi's confidence as his secretary during his tenure as the Gujarat chief minister by successfully handling the Vibrant Gujarat campaign to get investments to the state.
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
'The government is trying to kickstart the investment cycle in India and while the corporate investments are yet to gather momentum, there are early signs of the same.'
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