Chief Economic Advisor V Anantha Nageswaran on Thursday said economic activity in some sectors have picked up pace during October-November and a GDP growth of 6.5-7 per cent in the current fiscal is feasible.
Before the violence and rioting that erupted in Nagpur on Monday, March 17, over Mughal emperor Aurangzeb's tomb came provocative statements from various political leaders.
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
The services sector growth in India moderated in February amid softer expansions in business activity, sales and jobs, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Services Business Activity Index registered 60.6 in February, down from 61.8 in January. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
The tax department had launched the action on Tuesday at the BBC's Delhi and Mumbai offices along with at least two linked premises as part of an investigation into alleged tax evasion against the British broadcaster in India.
From 30 Sensex shares, Bajaj Finserv jumped nearly 8 per cent while Bajaj Finance soared over 6 per cent. Maruti, Titan, Mahindra, Mahindra & Mahindra, Infosys, HCL Tech, Zomato, UltraTech Cement and Kotak Mahindra Bank were the other major gainers. Sun Pharma emerged as the only laggard.
The United States has handed over to India 297 antiquities, which were smuggled out of the country, during the ongoing visit of Prime Minister Narendra Modi, an official statement said on Sunday.
India's services sector witnessed one of the strongest growth rates in over 13-and-a-half years in March on the back of strong demand that spurred sales and business activity, a monthly survey said on Thursday. The seasonally adjusted HSBC India Services Business Activity Index rose from 60.6 in February to 61.2 in March, one of the strongest expansions in total sales and business activity in close to 14 years. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
A stepwell, approximately 125 to 150 years old and covering an area of 400 square metres, was unearthed during excavation in the Laxman Ganj area of Chandausi in Sambhal, an official said.
Congress leader Rahul Gandhi has criticized the government's decision to appoint Gyanesh Kumar as the new Chief Election Commissioner (CEC) in the middle of the night, arguing that it is "disrespectful" and "discourteous" given the ongoing Supreme Court challenge to the selection process. Gandhi presented a dissent note to the selection committee, stating that the process violates the Supreme Court order and undermines the integrity of the electoral process.
'All competitors are sourcing within the country, so we'll be at the same level of competition.'
India's services sector activity growth touched a five-month high in August on stronger rise in new work orders, while payroll numbers rose solidly as companies remained upbeat regarding the economic outlook, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services Business Activity Index rose from 60.3 in July to 60.9 in August, registering the fastest expansion since March and was largely supported by productivity gains and positive demand trends.
According to Randstad Employer Brand Research (REBR) 2020, Microsoft India scored high on financial health, strong reputation and utilisation of the latest technologies. Others in the top 10 list are Samsung, Amazon, Infosys, Mercedes-Benz, Sony, IBM, Dell, ITC and TCS.
The Bhasma Shankar temple in Sambhal, Uttar Pradesh, has reopened after being locked for 45 years following communal riots. The district administration has requested the Archaeological Survey of India (ASI) to conduct carbon dating of the temple, including a well on the premises. The temple is being guarded round the clock and worshippers have started visiting. The reopening of the temple has been met with gratitude from local residents, who have expressed their desire to reconnect with their heritage.
The Supreme Court ordered on Monday that no invasive work would be undertaken by the Archaeological Survey of India (ASI) to determine if the Gyanvapi mosque located next to the Kashi Vishwanath temple in Varanasi was built upon a temple and agreed to hear a plea moved by the mosque committee during the day.
The Karnataka High Court has quashed the Enforcement Directorate's summons to Chief Minister Siddaramaiah's wife Parvathi B M and Urban Development Minister B S Suresh in connection with the MUDA site allotment case. The court ruled that the ED was conducting a parallel investigation despite the case already being probed by the Lokayukta police and a Special Investigation Team (SIT). The ED had alleged that Siddaramaiah and other accused were involved in attempted money laundering in the MUDA site allotment case and that the fourteen sites (plots) allotted to Parvathi in Mysuru upmarket were illegally allotted.
The avalanche hit the BRO camp between Mana and Badrinath between 5:30 am and 6 am on Friday, burying the workers inside eight containers and a shed, according to the Army.
'Women' as a political constituency appears to be an idea that has come of age. It is changing India in ways that we only dimly understand, asserts Aditi Phadnis.
The plea filed by Nalanda resident Akhilesh Kumar submitted that in terms of the constitutional mandate, only the Union government is empowered to conduct a census.
RBI's projection of retail inflation at 6.8 per cent in the current fiscal is neither too high to deter private consumption, nor so low as to weaken inducement to invest, the Economic Survey said on Tuesday. However, entrenched inflation may prolong the tightening cycle and therefore, borrowing costs may stay 'higher for longer', it said. The Economic Survey 2022-23 was tabled in Parliament by Finance Minister Nirmala Sitharaman.
'While I would never wish for anyone to go through what we are, it has brought out the best in us by making each one of us a better version of ourselves.' 'Being courageous, fighting for freedom, taking the burden of responsibility to help each other...' 'I know hundreds and hundreds of examples where Ukrainians are risking their lives for complete strangers and it is only in moments like this that we truly understand what it means to be human.'
Muizzu's announcement also comes days after a Chinese research vessel spent about a week around Male and more than a month just outside Maldives' EEZ.
Two days after violence broke out during a court-ordered survey of a Mughal-era mosque in Sambhal, Uttar Pradesh, life is gradually returning to normal with schools reopening and shops resuming operations. Internet services remain suspended and authorities continue to monitor the situation closely with restrictions in place on entry of outsiders and public representatives. The area around the Shahi Jama Masjid remains deserted, while the police investigate the violence and make arrests.
A group of retired forest officers has written to Prime Minister Narendra Modi demanding the immediate scrapping of the 10,000-acre safari project in Haryana's Aravallis, arguing that it will harm the environment and wildlife. They highlight the "alarming destruction" of the Aravallis due to mining, quarrying, real estate development, and deforestation, and warn that the project could disturb aquifers crucial for water-starved districts. The retired officers also emphasize the importance of protecting the Aravallis, which is the only significant forest cover in Haryana, for its role in restoring humidity and rainfall in the region.
Inflation has reappeared as a global issue in both advanced and emerging economies and India needs to be wary of "imported inflation", especially due to high oil prices, according to the Economic Survey 2021-22 released on Monday. "Inflation has reappeared as a global issue in both advanced and emerging economies. "India's Consumer Price Index inflation stood at 5.6 per cent YoY in December 2021 which is within the targeted tolerance band," the survey report presented in the Parliament by Finance Minister Nirmala Sitharaman noted.
The Allahabad high court on May 12 ordered determination of the age of the structure claimed to be 'Shivling' using modern technology.
'Unsurprisingly, Trump shared Modi's podcast with Fridman on his Truth account.' 'The intentions of Trump, a transactional president, are never easy to tell.' 'We will know in the next fortnight if and when he unfolds reciprocal tariffs on Indian goods, whether Modi's flattering words made any significant difference to Trump's compass,' notes Ambassador M K Bhadrakumar.
India's services sector growth quickened in June from May's five-month low, amid a stronger rise in new orders and an unprecedented expansion in international sales, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services Business Activity Index rose from 60.2 in May to 60.5 in June, pointing to a sharp expansion in output. In the Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
In an appeal filed before the top court against the May 4 order of the high court, the state government said the stay will adversely affect the entire exercise.
Inaugurating the Grameen Bharat Mahotsav, the Prime Minister exuded confidence that villages will play a key role in pushing forward the dream of Viksit Bharat by 2047.
The surprise action comes weeks after the broadcaster aired a two-part documentary on the 2002 Gujarat riots and India.
The most striking features of this Budget was its focus on simplification and improving the ease of doing business in India, asserts Kaku Nakhate.
India's GDP growth is likely to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025 because the pent-up demand accumulated during Covid has exhausted, as the economy reconnects with its potential, the International Monetary Fund (IMF) said on Tuesday. About the global economy, the IMF said the battle against inflation has largely been won, even though price pressures persist in some countries.
'Given a chance, more than 50 per cent of employees would switch to WFH as opposed to working from office.'
The encouraging news, however, is that India features among the top four countries out of 44 nations that projected a positive hiring trend.
Two damaged idols were found inside the well of the Bhasma Shankar temple in Sambhal, Uttar Pradesh, India, which was reopened last week after being shut for 46 years. The temple, which houses an idol of Lord Hanuman and a Shivling, was reopened on December 13 after authorities stumbled upon the covered structure during an anti-encroachment drive. The idols, a Lakshmi idol and a Parvati idol, were found in the well, which authorities had planned to reopen. The district administration has written to the Archaeological Survey of India for carbon dating of the temple, including the well.
'Christians, for example, make up 2 per cent of India's population but an estimated 16 per cent of those who were born in India now reside elsewhere,' said Pew.
India's decadal census is likely to be further delayed after the budget allocated only Rs 574.80 crore for the exercise, a significant reduction from previous years. The census, originally scheduled for 2021, has been postponed due to the COVID-19 pandemic, and the government has not yet announced a new schedule. The budget allocation suggests that the exercise may not be carried out even after the delay. The upcoming census will be the first digital census, allowing citizens to self-enumerate using a dedicated portal. The exercise will be made compulsory for citizens who wish to self-enumerate, and Aadhaar or mobile numbers will be required. The census will include questions on household demographics, amenities, and economic status.
A court in Bareilly has summoned Congress MP and Leader of Opposition Rahul Gandhi to appear before it on January 7 for his remarks related to the Economic Survey during the Lok Sabha polls.
With digital adoption fast gaining currency, India is likely to see retail digital payments double to $7 trillion by 2030 from current levels, a study by Kearney and Amazon Pay said. In the report 'How Urban India Pays', Kearney-Amazon Pay said strong adoption of digital payments in online purchases has potentially led to a permanent shift in consumer behaviours, fuelling offline adoption as well.
