The board of the Unit Trust of India on Monday formed a three-member sub-group to study the Joint Parliamentary Committee's report on UTI and suggest an action plan in about a month's time.
'They have helped stabilise our market by acting as a counterbalance to foreign funds.'
Prime Minister Narendra Modi on Friday said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years. Addressing a webinar on PLI scheme, organised by Department of Industry and International Trade (DPIIT) and NITI Aayog, through video conference, Modi said the government is continuously carrying out reforms to boost domestic manufacturing. In this year's Budget, about Rs 2 lakh crore was earmarked for the PLI scheme for the next five years and "there is an expectation that the scheme would result in increasing the production by about $520 billion in the next five years", he said. He added that there is also an expectation that the current workforce in the sectors, which will avail the benefits of the PLI scheme, will be doubled and job creation will also increase.
The government is open to 'some tinkering' in the varied rates and holding period for computation of capital gains tax on shares, debt and immovable property, in a bid to make it simple, revenue secretary Tarun Bajaj said on Wednesday. Under the Income Tax Act, gains from sale of capital assets, both movable and immovable, are subject to 'capital gains tax'. The Act, however, excludes movable personal assets such as cars, apparels, furniture from this tax.
Ambassador Asoke Kumar Mukerji has taken charge as India's new Permanent Representative to the United Nations and presented his credentials to Secretary-General Ban Ki-moon who lauded India's role as a "long trusted partner" of the multilateral system.
The returns from liquid funds, currently, look better than what savings accounts of leading banks are offering, points out Sarbajeet K Sen.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
United States aerospace major Boeing on Thursday said it received approval from the country's government to offer its F-15EX multi-role combat jet to the Indian Air Force.
Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday. In a press release, UFBU's convener B Rambabu said the organisation calls for a two-day all India bank strike on December 16 and 17 protesting against Banking Laws (Amendment) Bill 2021 and opposing the Centre's alleged move to privatise PSBs. According to the statistics given by the UFBU, the 13 corporates' outstanding dues were at Rs 486,800 crore and it was resolved at Rs 161,820 crore resulting in a loss of Rs 284,980 crore.
Maharashtra is the BRS' first target.
'Many said his visit was very risky. But mercifully, Air Force One has taken off from Delhi without Mr Trump stepping on anybody's toes,' notes Ambassador T P Sreenivasan.
If elected, he will be the second All India Congress Committee president from Karnataka after S Nijalingappa, and also a Dalit leader to hold the post after Jagjivan Ram.
In the light of the efforts being made to forge electoral unity between scheduled castes and Muslims, Mohammad Sajjad examines what the architect of our Constitution, B R Ambedkar, had to say about the Muslim community.
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
China plans to divert about 200 billion cubic metres of water annually from the Brahmaputra at its highest point, namely the Great Bend, where it turns into India. China's Brahmaputra dam will severely impact India, warns former senior RA&W officer and China expert Jayadeva Ranade.
Asserting that both Prime Minister Narendra Modi and Chinese President Xi Jinping are 'responsible' leaders, Russian President Vladimir Putin on Saturday said they both are capable of solving issues between the two countries, and that it was important that no 'extra-regional power' should interfere in the process.
'China is unwilling to restore the status quo ante of April 2020.' 'India will have to weigh its options based on this premise.'
New Zealand pace spearhead Trent Boult has recovered from a broken hand to be included in the 13-player squad to face India in the two-Test series, as selectors swung the axe following the dismal tour of Australia. Left-armer Boult broke his right hand in the Boxing Day Test against Australia in December but is fit for the first Test against India starting at the Basin Reserve in Wellington on Friday.
England, who were blown away by the visitors at Southampton, will back themselves to make a strong comeback.
Will he, will he not? That is the question on every Congress leader's mind as Rahul Gandhi has still not indicated whether he is ready to take on the mantle of party president.
Every twist and turn in KMC's civil service career is attributed to serendipity, an aptitude for making desirable discoveries by accident. He plays down his capabilities, which took him to the top of the civil service as the Cabinet Secretary or his misfortune in losing a daughter in her prime and suggests that his career was indeed serendipitous, observes Ambassador T P Sreenivasan.
Unless controlled and contained, given the untested belief that the north Indian labour support and follow the Hindutva kind of political ideology, there is a potential in terms of ideological clashes with their Dravidian brethren in the local neighbourhoods, and it all escalating into violence, especially during election time, predicts N Sathiya Moorthy.
The government on Monday published a draft data policy for public consultation, which says all data collected, generated, and stored by every government ministry and department will be open and shareable barring certain exceptions. Also, detailed datasets that have undergone value addition could be monetised by the government. The policy document, called "Draft India Data Accessibility & Use Policy 2022", prescribes that a regulatory authority called the Indian Data Council (IDC) and an agency by the name India Data Office (IDO) will oversee framing metadata standards and enforcement, respectively.
Funding challenges are not limited to just one think tank. Several scholars say that access for conducting research and getting foreign funds has become a major hurdle for think tanks, with the government raising many questions regarding such inflows. As a result, many think tanks are keeping a low profile and becoming less prolific.
Sukanya Verma raises a toast to the man and his movie magic.
Constantine interviewed by Chennaiyin FC
"I have made a mistake; I accept responsibility; I resign," the 42-year-old barrister said.
Gokhale's visit for bilateral consultations is taking place amid renewed optimism that the vexed issue of listing of Pakistan-based Jaish-e-Muhammed chief Masood Azhar as a global terrorist by the United Nations, which has been stalled by China, is headed for a resolution in the coming weeks
The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from November 29, has been fixed at Rs 4,791 per gram of gold, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2021-22 - Series VIII will be open for subscription from November 29 - December 03, 2021. "The nominal value of the bond...works out to Rs 4,791 per gram of gold," the RBI said.
Chief Minister Nitish Kumar's Janata Dal-United said it was the right time to withdraw the general consent to the CBI.
Clinton, who lost to President Donald Trump in the 2016 elections, claimed that both Russia and China are benefitting from his weak foreign policy.
External Affairs Minister S M Krishna would be making an opening statement. Next, Secretary of State Hillary Clinton will be addressing the media.
The 71-year-old heir to the British throne, who himself recovered from the coronavirus at the end of last month, praised Britain's Asian community for the 'vital role' it has been playing during the pandemic as he called for the diaspora to donate generously to help the most vulnerable in their countries of origin.
With development of the Vadhavan port, India will break into the countries with top 10 container ports in the world.
United Nations General Assembly on Friday appointed Antonio Guterres as the UN Secretary General for a second term beginning January 1, 2022, days after the powerful Security Council unanimously recommended his name to the 193-member body for re-election.
China on Monday said Sri Lanka has allowed its satellite and missile tracking ship to berth at the Hambantota port on Tuesday, but declined to reveal details of talks with Colombo leading to the bankrupt island's government reversing its earlier stand to defer the high-tech vessel's entry.
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