The wide gap in national income held by the ultra-rich and the poor is striking.
Within a few hours of Nitish Kumar leaving the NDA, entirely reasonable people were speculating as to how the CBI or ED could be used against him or his party, notes Mihir S Sharma.
'There have been many cases where clients have indicated that they feel suicidal as they feel they have no other options to deal with their financial hardship.'
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
The responsibility for peace in Ukraine now rests in the hands of the two principal belligerents, Russia and the US, and the prime victim of this great power rivalry, Ukraine, points out Nitin Desai.
'In IIT, most faculty members have a bias against SC/ST students.' 'SC/ST and OBC students have no idea whom to approach for support.'
The Aam Aadmi Party on Friday named former TV anchor and journalist Isudan Gadhvi as its chief ministerial candidate for next month's assembly elections in Gujarat.
The Indian economy recovered from the Covid-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and elevated inflation will continue. The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds which are expected to have a bearing on the country's exports in the months to come. The challenges before the government and the Reserve Bank in the new year would be to arrest inflation, check declining value of rupee against US dollar and promote private investment and growth, with a view to ensure that the country remains one the fastest growing major economies of the world.
Th report predicted that the world population is to reach eight billion by mid-November 2022.
'We have to think of the repercussions if public sector banks are privatised and if they go to foreign hands.'
In a first, the Comptroller and Auditor General's (CAG) officers reached out to several ministries in the last week of April as part of a confidence-boosting measure. The meeting brought the CAG officials and those from the ministries across the table to discuss the pain points in their relations. CAG of India Girish Chandra Murmu took this novel step because of growing tensions between those audited and the auditor.
Prime Minister Mahinda Rajapaksa became the only member of the family to retain a cabinet position in his younger brother Gotabaya Rajapaksa's new cabinet of 17 ministers appointed on Monday, as the island nation was facing the worst economic crisis.
A statement issued by the Prime Minister's Office on Monday said that Mahinda Rajapaksa intends to propose a new Constitutional Amendment to the cabinet in order to fulfil the people's aspirations.
The officials said Pakistani intelligence operatives have adopted the modus operandi of investing in illegal call exchanges that switch Voice over Internet Protocol (VoIP) calls to normal Indian mobile calls.
Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.
'The government should immediately enact an Act to make caste discrimination a criminal offence and lay down a procedure similar to that of the Anti-Ragging Act.' 'Ragging has nearly been eliminated because it is treated as a criminal offence.' 'Similar procedure should be used in case of caste discrimination.'
The government has not set up any committee to probe allegations a US short seller labelled against the Adani Group, but stock market regulator SEBI is investigating market allegations against the group, the Lok Sabha was informed on Monday. A separate investigation into imports of Indonesian coal by the conglomerate hasn't reached finality, Minister of State for Finance Pankaj Chaudhary said. Lok Sabha saw several questions being put by MPs to the government on the Adani issue, which were replied through written responses by the minister.
Gandhi stepped up the attack a day after Bharatiya Janata Party intensified its "Main bhi chowkidar" campaign with Modi and other party leaders, including its president Amit Shah prefixing the word chowkidar to their names in their Twitter profile.
'Had it not been for the complicity of the state and Biren Singh's leadership, these riots would not have spread this far and for so long.'
Will the EPFO be required to deduct tax at source or will the employee have to calculate the tax and pay it separately?
Chartered accountants are readying themselves for a higher onus on individuals to report violations that they come across as part of their work. There has been a scramble to understand the implications as the non-compliance with laws and regulations (NOCLAR) comes into effect in less than six months. It is applicable from April 1, 2022 after being deferred earlier because of the Covid-19 pandemic.
The fruitless pursuit, which tore the Talwars' lives and reputations to shreds, means that Aarushi's killers have not only got away but may never be found, says Sunil Sethi.
The US has ordered Tata-group owned Air India to pay a whopping $121.5 million as refunds and $1.4 million as penalties for extreme delays in providing refunds to passengers due to the cancellation or change in flights, mostly during the pandemic, officials said. Air India is among the six airlines that have agreed to cough up a total of over $600 million as refunds, the US Department of Transportation said on Monday. Air India's policy of "refund on request" is contrary to the Department of Transportation policy, which mandates air carriers to legally refund tickets in the case of cancellation or change in flight, officials said.
The AIADMK is convinced that the BJP will remain an electoral burden for a long time to come, beginning the Lok Sabha polls next year, reveals N Sathiya Moorthy.
The Aadhaar issuing authority, Unique Identification Authority Of India, has no data on those who have been denied benefits for want of the 12-digit biometric identification number, the Supreme Court was informed on Thursday.
Mishra said the department-related parliamentary standing committee on home affairs in its 146th report had recommended that there is a need for a comprehensive review of the criminal justice system of the country.
'Seven months he has been in jail for no reason.'
I am not sure if Modi can ever act as a chowkidar, even if he wants to. But he can surely act as a thanedar, by ensuring a fast resolution of corruption cases once they come to light. Exemplary action is easier and will burnish his anti-corruption image, argues Debashis Basu.
Reserve Bank Governor Shaktikanta Das on Wednesday said underlying economic activity in India continues to be strong, but external factors will cause some "dent" to the economy. Speaking at the BFSI Insight Summit 2022 organised by Business Standard, Das said the RBI tracks 70 fast moving indicators and most of them are in the "green box". It is the external sector, mired by a fear of recession or clear visibility about slowing growth in a large part of the world, where the challenges lie, he said, adding that the impact of external demand will "dent" the economy.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
He urged people not to panic and clarified that there was no change in the guidelines for international air travel so far.
The Securities and Exchange Board of India (Sebi) could soon issue interim orders imposing a market ban on the two former fund managers of Axis Mutual Fund (MF) for suspected front-running of trades, said people with knowledge of the development. "The market regulator has gathered prima facie evidence that demonstrates that the duo has violated the integrity of the market. "While a detailed investigation is still pending in the matter, Sebi could take action under Section 11 (4) to prevent further harm to the investors and the securities market," said a source.
There are concerns that his arrest and arraignment could bring with it a repeat of the kind of violence and protest seen during the January 6, 2021 attack on the US Capitol building by pro-Trump rioters in the aftermath of the 2020 presidential election that Trump lost to Joe Biden.
The patience, discipline, and resolve displayed by 125 crore Indians, will play a critical role in shaping the future of the nation for years to come, the PM said.
Historically, India has never been expansionist in its outlook and her approach has always been of peaceful coexistence and one designed to deter the forces of terror and disruption.
The United States has not made a determination yet on any potential Countering America's Adversaries Through Sanctions Act (CAATSA) waiver to India with regard to its purchase of S-400 missile defence system from Russia, the Biden Administration said Tuesday.
The Reserve Bank of India (RBI) on Wednesday proposed to make interoperability mandatory for digital payments firms. It also allowed users to withdraw cash from e-wallets and fintech companies to process RTGS and NEFT transactions. The RBI expressed dissatisfaction over prepaid payment instruments' (PPIs') failure to migrate towards full-KYC (know your customer) PPIs, and therefore interoperability, even two years after guidelines were issued.
The high, in an administrative order, advised all stakeholders to get themselves vaccinated at the earliest and stated that in the meantime, only a suitable number of benches will hold physical courts.
'The most important priority for the next 25 years should be to strengthen our democracy so that it is supportive of social harmony, and to not just respect but to take pride in the diversity of Indian society in terms of the variety of languages, religion and religious practices and social norms,' explains Nitin Desai.
Multiple organisations of different kinds with overlapping goals would be a dream situation for those who believe in competition and innovation.
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