This was the one Budget that required radical departures on all these fronts, when it had none, asserts, Shreekant Sambrani.
Crisil Ratings on Wednesday said a broad-based recovery is on for India Inc currently, and upgraded its credit quality outlook to 'positive' from the earlier 'cautiously optimistic'. The rating agency said the credit ratio, which illustrates the number of upgrades to downgrades, rose to over 2.5 times in the first four months of the fiscal, as compared to 1.33 times in the second half of FY21, it said in a statement. The rating agency said it has also done a study of 43 sectors, excluding the financial sector, accounting for 75 per cent of the overall Rs 36 lakh crore in outstanding debt, which shows that the current recovery is broad-based.
Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
Emphasising that India has the potential to become a global hub for education and tourism, Union home secretary Rajiv Gauba called for a change in the mindset at the field level to make foreigners feel welcome.
India will grow at around 7.4 per cent in 2022-23 and continue at the same pace in the next year as well, Union Finance Minister Nirmala Sitharaman said on Friday. Sitharaman said there are risks on the external front and this is not the right time to throw caution to the wind, and also assured exporters of all the necessary support from the government as they face the headwinds. Speaking at the FE Best Bank Awards event here, Sitharaman said global agencies like IMF and the World Bank have taken cognisance of the strengths of the Indian economy by saying that it will be among the fastest growing ones in the next two years.
The CJI said people are the ultimate lords in democracy and whatever decision has been taken by the dispensation should benefit them.
The recent India Art Fair in New Delhi generated greater interest than before in local contemporary artists among a growing cohort of Indian collectors, including millennials. But growth in Indian art is not restricted to that alone. This year saw 91 exhibitors, a much higher number than 63 in the previous edition - indicating a flourishing market. While live auction sales were largely suspended during Q2 of 2020 due to Covid-19 precautions, global fine art auctioneer Christie's says online-only sales were up 262 per cent in 2020 to $311 million), marking a record total for the channel.
While the basic cover is generally of around $50,000, limits for accident and sickness are up to $500,000. Here's a list of important covers that come bundled with travel insurance.
IIT-Bombay, IIT-Delhi, IISc-Bangalore are among top 200 in prestigious QS global rankings 2020.
Do India's laws governing the Internet need revolutionary change, asks Ajit Balakrishnan.
Of the 18,000 medical students who returned to India last year, 5,000-7,000 have either shifted to universities in Georgia, Russia, Serbia, Uzbekistan, Kyrgyzstan, Kazakhstan and Moldova or are in the process of seeking a transfer to those.
No country has grown without educating its people. India's shameful lag in primary and secondary education has persisted for several decades, and the crisis in higher education is now threatening a social and political calamity, says Ashoka Mody.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track, experts said on Wednesday. Stock markets have been subdued in the run-up to the Union Budget with BSE's benchmark Sensex is almost flat so far this month. Even the corporate earning season failed to excite the markets, while some indices like IT and bankex have seen some positive movements.
'Imagine for a soldier -- first you conquer territory after fighting a fierce battle, suffer casualties and then you are ordered to come back to your side of the International Border in India.'
'It is important that students not focus on the remuneration that the job fetches in the first year, but look at the next 5 year journey with that job role.'
Outward remittances under the Reserve Bank of India's (RBI's) liberalised remittance scheme (LRS) made a strong comeback in the first quarter of FY23 as Indians increased spending on international travel, maintenance of close relatives, and gifts. The latest data for Q1FY23 released by the RBI shows that remittance by Indians under the scheme jumped 64.75 per cent to over $6.04 billion from $3.67 billion in Q1FY22. The amount remitted in Q1FY23 is even higher than that in Q4FY22, where outward remittance under LRS was to the tune of $5.8 billion. In April, about $2.02 billion was remitted, followed by $2.03 billion in May, and $1.98 billion in June, data released by RBI in the August bulletin shows.
Is it just the glamour?
Infosys, TCS, HUL and Reliance Industries were the top gainers of the day.
West Bengal Chief Minister Mamata Banerjee will visit Chennai on November 2 and is likely to hold a meeting with her Tamil Nadu counterpart M K Stalin to discuss their strategies for the 2024 Lok Sabha poll, a senior government official said on Tuesday.
Rahul Gandhi has taken the fight to the Modi government, feels Milan Vaishnav. Aziz Haniffa/Rediff.com reports from Washington, DC.
A bench of Justices Ashok Bhushan, R S Reddy and M R Shah said if any State/Union Territory in exercise of their jurisdiction under the Disaster Management Act (DMA) has taken a decision that it is not possible to conduct the final year/terminal semester examination by September 30, then they can make an application to the UGC for extending the deadline.
He said those making jokes on cows and buffaloes forget that the livelihood of crores of people depends on "pashudhan".
It is not unlikely that ahead of the Lok Sabha elections, the BJP government comes up with more imaginative schemes aimed at constituency-building. The party under Modi's leadership has a more modern thinking in such matters unlike its rivals, which are still steeped only in ideology, points out N Sathiya Moorthy.
The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday.
Mumbai University Vice-Chancellor Rajan Welukar was on Thursday directed to abstain from attending the office and discharging his duties as the VC with immediate effect, a few months before his retirement.
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.
A combination of one of the lowest labour costs and a large surplus workforce, which will continue to grow until 2031, is one of the key competitive edges that India is leveraging to challenge its rivals in Southeast Asia in the race for a China-Plus-One strategy. Apart from India, the countries in the race to woo global companies that manufacture in China, as well as the supply chains to their country include Thailand, Indonesia, Malaysia, the Philippines, and Vietnam. On the labour front, India is a clear winner.
Did you know that you can get a tax benefit of up to Rs 50,000 under a health insurance policy?
The Biden administration has indicated that it is still undecided on ending the Trump-era ban on issuing new H-1B visas, with the Homeland Security Secretary Alejandro Mayorkas asserting that the US government's top priority is the acute needs of individuals fleeing persecution. The H-1B visa, the most sought after among Indian IT professionals, is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
The CM said 6,000 students in government colleges and 1.45 lakh in private colleges will benefit with the decision.
Retail investors seem to have dipped into their mutual fund savings to meet pre-festival spending. According to data released by the Association of Mutual Funds in India (Amfi), investors pulled out Rs 6,578 crore from their systematic investment plan (SIP) accounts in September, the highest in the last 11 months. The redemptions were on the higher side during the previous festive season as well.
'Thanks to monetary help from several people, we are comfortable and living with dignity.'
How should one billion Indians, for whom deprivation has become an inescapable way of life, join us in celebrating 75 years of Independence? And where do we go from here? asks Kalyan Singhal.
The HRD ministry is preparing a point-by-point rebuttal on charges that include infringing on the autonomy of higher educational institutions and a cut in the education budget.
Education inflation abroad is high and the depreciation of the rupee can also set you back, says Vishal Dhawan
Is it a divine, sacrosanct university, a holy cow, prohibiting human intervention?
The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday. Releasing the India supplement of its annual inequality report on the first day of the World Economic Forum Annual Meeting in Davos, rights group Oxfam International said that taxing India's ten-richest at 5 per cent can fetch entire money to bring children back to school. "A one-off tax on unrealized gains from 2017-2021 on just one billionaire, Gautam Adani, could have raised Rs 1.79 lakh crore, enough to employ more than five million Indian primary school teachers for a year," it added.
Do a thorough research on the course and the university, and see what extra it offers apart from a regular degree, says Rohit Sethi.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances