The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities, the largest fund manger as well as holder of household savings, dwarfing even SBI deposits, as per a report. Holding 17 per cent of the over Rs 80.7 lakh crore dated government securities, maturing by 2061, the Reserve Bank is the second largest holder of government debt, while led by public sector banks, commercial banks collectively own around 40 percent. Other insurers cumulatively own only 5 per cent.
For the past 50 years, the Hindu family of Gulab Yadav has been ensuring that Muslims in the village wake up on time for 'Sehri', the pre-dawn meal consumed before fasting during Ramzan.
The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US, suggests M Govinda Rao.
About nine out of every 10 households in India are "feeling the pinch" of rising prices of vegetables in the last 30 days, according to a survey. LocalCircles, which conducted the survey, said it received 11,800 responses from citizens residing in 311 districts across India and claimed that around 87 per cent of Indian households are "affected" by the rising prices of vegetables since March. Of these, 37 per cent of the respondents said they were experiencing an increased spending of over 25 per cent on vegetables.
'There is a misconception that gold is a dead asset in India.' 'Around 30 per cent of agriculture loans are collateralised by gold, Soumya Kanti Ghosh and Saket Hishikar, economists at the SBI, point out.
Bharatiya Janata Party on Thursday issued a three-line whip to all of its Lok Sabha MPs asking them to be present in the House for the passing of the Union Budget 2025-26.
"These latest so-called 'Liberation Day' tariffs are reckless and self-destructive, inflicting financial pain on Illinois at a time when people are already struggling to keep their small businesses afloat and put food on the table."
In a world where financial literacy is often overlooked, Soha Ali Khan shares the financial wisdom her parents taught her.
Individuals earning up to Rs 12 lakh annually will not have to pay any income tax under the new tax regime as Finance Minister Nirmala Sitharaman on Saturday gave relief to middle class by raising exemption limit and rejigging slabs. For salaried employees, this nil tax limit will be Rs 12.75 lakh per annum, after taking into account a standard deduction of Rs 75,000.
Kejriwal alleged that the inflated water bills started arriving after he went to jail and urged people not to pay those bills.
This Women's Day week, we salute India's first female doctor, Anandibai Gopal Joshi. Her achievement opened the gates of freedom and liberty for India's women.
Real estate developers are hoping that the slew of tax concessions announced in Union Budget 2025, set to take effect this financial year, will spur demand for affordable and mid-segment housing, even as the broader housing market shows signs of fatigue.
'He brings immense value to the team - not just in terms of tactics, but also in terms of creating a winning culture.'
Maharashtra Minister Dhananjay Munde has appealed against an interim order by a magistrate directing him to pay maintenance to a woman who claims to be his first wife. Munde, a leader of the NCP, maintains he was never married to Karuna Munde, who filed the case. The appeal argues the magistrate's order was erroneous and that the relationship between Munde and Karuna was personal, not marital. The court adjourned the matter to March 21, and Karuna Munde has agreed not to apply for execution of the interim maintenance order until then.
After declining to a three-year low in FY24, the private sector investment is expected to fall further in the current financial year, India Ratings said in a research note.. The investments in the private sector are likely to plummet to below 11 per cent of the GDP in FY25, based on the trends from the latest national accounts data and company fillings, it noted.
The government is likely to provide a subsidy of Rs 35,000 crore to state-owned Indian Oil Corporation Ltd (IOC), Bharat Petroleum Corporation Ltd (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL) to make up for losses they incurred on selling the fuel this fiscal, sources said.
Proliferation of home chargers of around 7 KWh and above, which take six to seven hours to fully charge a car depending on the model, bring running costs down by a third or so. That, coupled with the increasing range of modern electric cars, can lead to a massive increase in sales.
"I think Mumbai is the safest among mega cities in the country. It is true that some incidents take place sometimes, and they must be taken seriously. But to say that Mumbai is unsafe due to such incidents is not right," Fadnavis told reporters.
The risk-reward for the Indian markets, Morgan Stanley said, is turning favourable.
In its highest ever reduction in seller fees, ecommerce giant Amazon India has introduced zero referral charges on over 12 million products on its platform that are priced below Rs 300. The move is aimed at boosting seller growth on Amazon.in and supporting hundreds of thousands small businesses across the country.
The Telangana government officials would submit a report by February 2 on the caste survey held in the state last year.
The much-delayed decadal census exercise and the work to update the National Population Register (NPR) are likely to begin early 2025 and the data will be declared by 2026, thus changing future census cycles completely, official sources said.
India has improved its ranking in the World Happiness Report 2025, climbing to 118th from 126th last year. However, it still lags behind neighbouring countries like Nepal, Pakistan, and Ukraine. Finland has topped the list for the eighth consecutive year. The report emphasizes the impact of caring and sharing on happiness, highlighting how sharing meals increases happiness. It also notes a decline in wellbeing in the United States, which has dropped to its lowest ever position at 24th.
Mrs succeeds in riling you up for all the right reasons. And without resorting to high-pitched drama, applauds Sukanya Verma.
Power supply was yet to be restored in around 50,000 households in cyclone-hit areas in Kendrapara, Bhadrak and Balasore districts, Odisha Chief Minister Mohan Charan Majhi has said.
Haryana Chief Minister Nayab Singh Saini has vowed to take strict action against travel agents involved in sending youth from the state abroad through illegal routes. He said the government is identifying those involved and will introduce a law to control illegal immigration. Saini also commented on the recent Delhi elections, praising the BJP's victory and criticizing former Delhi CM Arvind Kejriwal.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
One reason the fee can't be lower than 3 per cent is that it is difficult for an RIA to do a good job and remain viable even at 3 per cent.
Retail investors have become a force to reckon with in the last 10 years with their ownership of Indian equities rising 800 basis points, or 8 per cent, to 23.4 per cent during this period, suggests a recent note from Morgan Stanley. This number, Morgan Stanley said, is set to rise in the next few years as Indian households are still underinvested in equities. India's demographics, policy framework, investor education and modest positive real rates, it said, will fuel the 'equity cult' in India.
Bharatiya Janata Party's Parvesh Verma emerged as a giant-slayer on Saturday with his victory against Aam Aadmi Party supremo and former Delhi chief minister Arvind Kejriwal in a fierce contest from the New Delhi seat by a margin of 4,089 votes.
A woman in West Bengal's Howrah district allegedly convinced her husband to sell his kidney for Rs 10 lakh to pay for their daughter's education. After the surgery, she fled with another man, taking the entire amount of money with her.
Nearly four lakh chickens have died in West Godavari district of Andhra Pradesh and vicinity over the past 45 days, prompting the Animal Husbandry Department to send samples for testing to ascertain the cause. Avian influenza is suspected, but the cause is yet to be confirmed.
Such a collection of amiable characters were last seen in Panchayat. There are greedy dowry seekers, criminals, misogynists and the like, but the collective goodness of the others keep violence and male chauvinism in check, notes Deepa Gahlot.
While basic policies focus on structural damage, comprehensive ones extend to household contents like furniture, electronics, clothing, and other personal belongings.
Cooking gas or Liquified Petroleum Gas (LPG) price has been raised by Rs 50 per cylinder by distribution companies, Union Oil Minister Hardeep Singh Puri said on Monday.
The AAP chief stressed the need for an increase in healthcare spending, suggesting a rise to 10 percent of the GDP, along with the removal of taxes on health insurance premiums.
A five-member team of experts from AIIMS Delhi, including specialists in toxicology, is investigating a mysterious illness that has claimed 17 lives in Jammu and Kashmir's Rajouri district. The team has spoken to 11 patients undergoing treatment and will collect samples from affected homes and surrounding areas to determine the cause of toxicity. Meanwhile, no new cases have been reported in the past nine days, and the village has been declared a containment zone with strict measures in place to prevent further spread.
India will be the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said. From a $3.5 trillion economy in 2023, the Indian economy is projected to expand to $4.7 trillion in 2026, which will make it the fourth largest in the world behind the US, China and Germany.
'Adventure travel, cultural tours, and wellness retreats are in high demand.'
