Nearly 7 out of every 10 P2M UPI transactions take place in high frequency categories like groceries, restaurants, pharmacies, fuel service stations, bakeries and utility services such as electricity, gas, water and sanitation.
GST 2.0 may cushion consumers against US tariffs, but like the 2019 corporate tax cut, it risks being another tactical fix rather than a structural growth strategy, expects Debashis Basu.
Thousands of devotees gathered in Mumbai to bid farewell to Lalbaugcha Raja and other Ganesh idols, marking the end of the 10-day Ganesh festival. Security was tight following a threat message.
Terror outfits in Jammu and Kashmir are now constructing elaborately-designed underground bunkers deep inside thick forests and elevated ridges instead of taking shelter in local houses, officials said. This tactical shift, fuelled by eroding local support, presents a new challenge to the Army and other security forces.
Both NDA and INDIA are racing to woo marginalised groups with Assembly polls fast approaching.
A 55-year-old woman from Rajasthan's Udaipur district has given birth to her 17th child, sparking conversations about poverty, illiteracy, and family planning in the region. The delivery, which occurred at a Community Health Centre, highlights the challenges faced by families in tribal-dominated areas.
Simranjeet Singh, the left-arm spinner from UAE, distinctly remembers bowling to a talented 12-year-old Shubman Gill at the nets in Mohali.
From Vallam Kali to Puli Kali, Onam in Kerala is nothing short of a grand cultural extravaganza.
Eighty-five village sarpanchs from across India have been invited as special guests to witness the Independence Day celebrations at Red Fort, in recognition of their contributions to rural transformation.
The Reserve Bank of India (RBI) added another 102 metric tonnes to the domestically held gold in the April-September period, as per a disclosure made on Tuesday. The overall quantity of the precious metal stored in local safes stood at 510.46 metric tonnes as of September 30, which was up from over 408 metric tonnes as on March 31, 2024. The central bank said it added another 32 metric tonnes of gold reserves in the six-month period to take the overall tonnage to 854.73 metric tonnes, as per the half yearly report on management of foreign exchange reserves.
The average Indian worker must labour for an extraordinary 160 full working days to afford Apple's latest iPhone 17 Pro.
17-year-old Tejasvi Manoj becomes TIME's Kid of the Year 2025 for protecting seniors from cyber fraud.
'Discontent is deepest among young people.' 'They are weary of inequality, exclusion, and empty promises.'
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
"We currently manage collections for over 98 million retail and small-business loan accounts, covering a loan book of about $250 billion," says Rishabh Goel, cofounder and chief executive officer (CEO) of Credgenics, a software-as-a-service platform for debt collection. With more than 700 million smartphone users and over 450 million UPI users, digital access is everywhere.
Swashbuckling wicketkeeper-batter Ishan Kishan turns 27 on Friday!
Sameera Reddy and mother-in-law Manjri Varde share a cute bond; here's how that came about.
'The kids are already used to this place. We go back and that's a different environment.' 'So, mentally, emotionally we are stressed.'
After a subdued first quarter of 2025-26 (Q1FY26), banks are now betting big on the festive season, rolling out attractive loan offers to boost credit growth in the second half of the current financial year (H2FY26) - a trend likely to be further accentuated by the second-order effects of the good services tax (GST) cuts.
The finance ministry on Thursday sought to clarify that there was no distress in household savings and the data indicated that changing consumer preference for different financial products was the real reason for the change in the pattern of household savings. The clarification comes in the backdrop of Reserve Bank of India data showing that household net financial savings rate is at its lowest in decades, at 5.1 per cent of GDP in FY23 compared to 7.2 per cent of GDP in FY22. The divergence in the data for household gross financial assets and liabilities is not a cause for concern for the government, as the loans have largely been taken to buy real assets or automobiles, the finance ministry said.
The rationalisation of goods and services tax (GST), announced on Wednesday, directly lowers the cost of everyday medical consumables, and also high-end therapies in oncology and rare diseases, helping reduce out-of-pocket patient expenditure and better adherence to medication.
Investor sentiment across Asian markets has shifted sharply in August, reveals the latest Bank of America (BofA) Fund Manager Survey, which found global growth expectations retreating after three months of improvement.
The next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses, Union Finance Minister Nirmala Sitharaman said on Tuesday.
Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue 'engineering efforts' to address the raw material shortage situation amid growing product portfolio, according to a senior company executive. The imposition of export restrictions by China on key rare earth magnets has resulted in supply chain bottlenecks, impacting the user industries, including the auto and electronics sectors.
India's BFSI sector is set for robust growth, with hiring projected to rise 8.7 per cent in 2025-26 and touch 10 per cent by 2030, creating nearly 2.5 lakh permanent jobs, a report said on Thursday. This growth in the Banking, Financial Services, and Insurance (BFSI) sector is being driven by rising demand in tier II and III cities, marking a clear shift from metro-centric recruitment.
The rate of unemployment in the country declined to 5.2 per cent in July from 5.6 per cent in June, a government survey said on Monday. The unemployment rate (UR) in May was also 5.6 per cent, said the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI).
Sankarshan Thakur, editor of The Telegraph whose prowess with words added that extra edge to his analyses and ground reports, died at a Gurgaon hospital on Monday after prolonged illness. He was 63.
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10 Heroes of the 1965 War which ended on September 23 60 years ago.
Bihar Chief Minister Nitish Kumar announced free power up to 125 units for all domestic consumers in the state, effective from August 1. The move, benefiting 1.67 crore households, comes ahead of the upcoming assembly polls and amid promises from opposition leaders.
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A Mumbai court granted bail to a woman arrested for kidnapping in 2013, emphasizing the importance of a child's access to their natural guardian. The court considered the accused's daughter, who has been in a children's home since her mother's arrest, and the lack of progress in the trial.
Uncertainties over the impact of the United States' (US') tariffs on India, along with the ongoing transmission of past rate cuts, prompted the members of the Reserve Bank of India's Monetary Policy Committee (MPC) to maintain the status quo during the August meeting, the minutes showed. While some of the external members highlighted their concern over growth, the internal members cited the one-year headline inflation rate overshooting the 4 per cent target.
The rise was more pronounced in urban areas than in the rural areas.
Kudumbashree's new initiatives like onasadya, Onam kits and gift hampers are a huge hit.
A recent World Bank report placing India among the most equal countries globally may present a limited view of inequality, with economists suggesting that broader data sets could tell a different story. According to the report, India's Gini index (or coefficient/ratio), a key measure of inequality, stood at 25.5 in 2022-23, placing the country fourth globally in terms of equality, behind only the Slovak Republic, Slovenia, and Belarus.
'Why have we failed to address the issue of ensuring a requisite buffer zone in J&K, given that cross-border links of some J&K politicians are known?', asks Lieutenant General Prakash Katoch (retd).
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Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
Domestic automobile retail sales declined 4 per cent year-on-year in July amid drop in demand for passenger vehicles and two-wheelers, dealers' body FADA said on Thursday. Overall registrations dropped to 19,64,213 units last month, as compared to 20,52,759 units in July 2024.
