The debate over working hours flared up after Infosys Co-founder N R Narayana Murthy called for 14-hour workdays.
'When the BJP wanted the election to focus on 'ghuspathiya' and promises that look like pies in the sky, we forced them to talk about jobs, giving free 125 units of power, and addressing women's indebtedness.'
Opposition parties are questioning the Election Commission's intentions behind the second phase of special intensive revision of electoral rolls in 12 states and Union Territories. The BJP has slammed the Congress and called the opposition a 'herd of dissatisfied souls'.
Bank unions appear to be divided on whether or not to go on a two-day nationwide strike on October 5 and 6.
'Judges have transmitted a terrible message to citizens across the nation. All right-thinking individuals will be disturbed by what the Delhi high court judges have done.'
Bank strike continued for day-two on Tuesday, led by nine unions of public sector banks (PSBs) in the country, opposing government's policy to privatise the lenders. Customers will be inconvenienced to get services such as cash withdrawals, deposits, cheque clearances, remittance services. Government transactions related to treasury as well as business transactions will also be impacted. United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for March 15 and 16.
Electoral fortunes of 1,302 candidates, including over half a dozen ministers in the Nitish Kumar government, will be sealed on Tuesday with 3.70 crore voters eligible to exercise their franchise across 122 assembly segments in the second and final phase of the Bihar polls.
The Bihar chief minister had a point to prove in the latest assembly elections, which were held amid speculations of a fatigue factor, if not downright anti-incumbency, made worse by rumours of his indifferent health.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
The Supreme Court is considering entrusting the CBI with the investigation into digital arrest cases, citing the magnitude and pan-India spread of such crimes. The court has sought details of FIRs registered in different states and union territories and is monitoring the progress of the investigation.
Voters are weighing a stark trade-off -- between preserving a socially driven policy and reversing course to revive revenue, restore fiscal balance, and rein in the underground liquor economy.
'Given the lag in transmission, further softening of lending rates may happen in the coming months.'
While it is evident that the INDIA bloc has not shut its doors on Nitish Kumar, those within the NDA are hopeful that the JD-U's support base would benefit them as well
'The (Maoist) organisation is in visible decline. Their senior leaders are ageing. Forest life is unforgiving -- older leaders simply cannot cope physically.' 'Earlier, they attracted educated youth from cities. That stream has dried up. Today's recruits largely come from poor village backgrounds and lack ideological depth.'
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.
Banks are also weighing the option of hiring experts for help in specialised areas.
If women voters are mobilised in big numbers to the voting booths on November 6 and 11 by the Nitish Kumar-led NDA, then it will be quite difficult for the Tejashwi Yadav-led Mahagathbandhan to defeat the incumbent government, points out Sheela Bhatt.
Priyanka accused the prime minister of "speaking on unnecessary issues" while staying silent on corruption, unemployment and the alleged misrule under the NDA government in Bihar.
Internal discord within the INDIA bloc has led to alliance partners contesting against each other in at least eight assembly seats in Bihar. The Congress, RJD, and Left parties are facing challenges in seat-sharing arrangements for the upcoming elections.
'...not merely in managing fiscal mathematics, but in demonstrating conservatism and prudence within that framework.' 'Looking forward, we believe sufficient growth drivers exist -- ranging from government reforms to revival in consumption to favourable monsoons. Numerous factors support the Indian economy.'
The Reserve Bank has asked the public to pay their income tax dues well in advance so as to avoid standing in long queues and stated that 29 agency banks are also authorised to accept such payments.
Bank unions - officers and workmen - had buried their differences and sat across the table on August 29 to work out a fresh deal with the IBA involving a 20 per cent wage hike.
US nominee for World Bank president, Ajay Banga, has tested positive for COVID-19 following which the meetings scheduled during his two-day visit to India have been cancelled. According to a Finance Ministry statement, Banga's meeting with Nirmala Sitharaman would not happen as he is in quarantine. "During routine testing, Ajay Banga tested positive for COVID-19 but remains asymptomatic.
The first phase of Bihar assembly elections saw a moderate pace of polling across 121 constituencies, with 53.77% voter turnout reported till 3 pm. Sporadic incidents of violence were also reported. Key leaders are in the fray for both the ruling NDA and the opposition INDIA bloc.
Finance secretary Rajiv Kumar was positive in formation of a committee consisting all concerned to address the issues arising out of the proposed merger of 10 banks including preserving the identity of all the banks.
India's goods exports rebounded in July after two months of contraction, with outbound shipments rising 7.3 per cent to $37.24 billion, led by a surge in exports to the United States before the country's reciprocal tariff kicked in and bolstered by a recovery in exports to other key markets.
As many as 8.5 lakh bank employees are set to benefit from the wage hike, which will be effective from November 2017.
These are the highlights of the Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman in Parliament on Saturday.
Amendments would be required in the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 for privatisation, sources said.
The finance ministry on Wednesday allowed all private sector banks to participate in government-related business, like collection of taxes. pension payments and small savings schemes. At the moment, only few large private sector are allowed to conduct government-related business.
The BJP's MoSha leadership are past masters in encouraging defections from their allies if it helped their party capture the chief minister's chair. In Bihar, they are not sure if JD-U MPs and MLAs would be willing to cross over to the BJP if the Nitish leadership came on top -- and the NDA crossed the halfway mark together, observes N Sathiya Moorthy.
Maharashtra Navnirman Sena (MNS) president Raj Thackeray has asked his party workers to temporarily halt the agitation demanding the use of Marathi language in banks and other establishments. Thackeray said the agitation has been successful in raising awareness about the issue and that the government should now implement the Reserve Bank of India's (RBI) norms on the use of local languages. He warned that the MNS will take action if the government fails to ensure the law is followed.
Left to its machinations, the BJP would have loved to cut Nitish down to size, but it can't afford to do so as the JD-U is in alliance with the BJP at the Centre, and cannot form a government on its own in Bihar. For now, both need each other: Nitish for legitimacy, the BJP for numbers, points out Ramesh Menon.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
Corporation Bank is the biggest beneficiary of this round of capital infusion with Rs 9,086 crore of funding, followed by Allahabad Bank with Rs 6,896 crore.
Businesses are testing new markets, tapping into domestic demand, and pushing the government for relief.
He drew the roadmap of India's economic reform, unshackled it from the licence raj and pulled it back from the brink when even its gold reserve was pledged.
Banking services are likely to be affected for the next four days as employees of PSU banks plan to go on a zone-wise relay strike beginning with Southern region from Tuesday, after wage revision talks failed.
An analysis of the upcoming Bihar elections, focusing on the key players, alliances, and issues that will shape the outcome. The article examines the strength of the ruling NDA coalition led by Nitish Kumar and the challenge posed by the RJD-led Mahagathbandhan, as well as the potential impact of Prashant Kishor's Jan Suraaj Party.
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