Finance Minister Nirmala Sitharaman cut fuel subsidies while slapping additional fuel taxes on unblended transport fuels in the latest Union Budget. The former will hit the rural poor, households that secured a subsidised LPG connection under the Pradhan Mantri Ujjwala Yojana (PMUY), a programme that was partly instrumental in helping the Bharatiya Janata Party (BJP) win the 2019 general elections. The latter will pretty much hurt the entire population after it kicks in from October. That's what it looks like. Or, perhaps, it's not as it appears to be, at least on the subsidy front.
China's birth rate has been in decline since 2017, despite easing of the 'one-child policy' in order to avert an incoming demographic crisis.
If international crude oil prices zoom past the current level of about $90 per barrel and move towards $100 and beyond, middle-class consumers are not going to keep quiet about their discomfort, points out Arun Balakrishnan, former chairman and managing director, Hindustan Petroleum.
With infrastructure claiming a larger share, movement and distribution of cement is bound to change.
UrbanClap's business model is still a work in progress.
Inching closer to resolving the Punjab and Maharashtra Cooperative (PMC) Bank issue, the Reserve Bank on Monday came out with a draft scheme for takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB). The draft scheme of amalgamation envisages takeover of the assets and liabilities of PMC Bank, including deposits, by USFB, thus giving a greater degree of protection for the depositors, the RBI said. In September 2019, the RBI had superseded the board of PMC Bank and placed it under regulatory restrictions, including cap on withdrawals by its customers, after detection of certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.
'The reason the protests are not happening in Mumbai, Bangalore, Chennai, Hyderabad, Gurgaon and Noida is that there are options available to the youth in those cities. And many people can access this sort of job because most of them are armed with English, integrating them into the global economy. This is something not available to most youth in Gujarat (the government schools do not teach English till Class 5),' says Aakar Patel.
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
It is expected to be completed in around 22 months from the start of construction work. The new building will come up on plot number 118 of the Parliament House Estate.
Dilip Kumar remained in demand all through his career because he kept reinventing himself in keeping with the changing times in Indian cinema, argues Mohammad Asim Siddiqui.
For an industry which saw sales shrinking in 2013-14, this is hope indeed.
With schools closing down, many girls and their female family members in rural and urban areas now don't have access to sanitary pads.
'We have lived through 10% plus inflation in India and we are aware of the economic pitfall.' 'With the RBI now having formally adopted an inflation target range, they cannot turn a blind eye to the impending risks.'
In the short run, the government should loosen the purse strings but trying to invent new instruments is a bad idea, Banerjee said. Trust, he said, in the system is important at this point and keeping that in mind.
Fresher hiring is expected to more than double compared to last year.
The space agency had earlier announced that the launch is tentatively scheduled at 09:28 hrs IST on November 25, subject to weather conditions.
Mandates have been handed out to staffing solutions companies such as Randstad India and TeamLease, officials at these firms have said, as players increasingly push into rural areas to capitalise on the uptick in the hinterlands.
'Economic issues do not matter during elections; it is the emotional connect that helps swing votes.'
The bank has decided to embark on a 'Technology Transformation agenda' to provide its customers smoother, faster, and better banking experience.
The Indian State has low operational capabilities. Individuals will have concerns about material that flows through the government, on questions of purity, perfection of the cold chain, and correctness of procedures at the frontline. Even if a government programme is able to solve all these problems, it will be limited in scale-up. The passion, management capabilities, and response to local conditions, which will be found with tens of thousands of ground-level initiatives, Individuals will have concerns about material that flows through the government, on questions of purity, perfection of the cold chain, and correctness of procedures. Even if a government programme is able to solve all these problems, it will be limited in scale-up, argues Ajay Shah.
The demand for affordable housing is 535,400 units.
Western UP contributes nearly 70 seats to the 402-member UP assembly. In 2017, the BJP had swept the region. Every pre-2022 poll survey had suggested the party would face its biggest attrition from this region because of the farmers' groups.
After a gap of 10 years, the DMK snatched the reins of power from arch rival AIADMK, with its president M K Stalin leading the party to a stellar performance and in the process, helming the state as chief minister for the first time.
Analysts, however, predict it would be an uphill climb for export-reliant China's economy going forward as it faced intensified conflict with the US and the negative fallout on its external trade due to Beijing's increasingly aggressive policies towards countries like India resulting in bans of its products and services.
KVIC is keen to build an international footprint and is hopeful about signing up B2B agreements with at least 40 countries, to which end it has even registered a GI (geographical indicator) tag in the UK, Germany and Russia.
Increase in non-food credit was a tad lower than the 13 per cent growth in the previous two months, according to the Reserve Bank data.
Private insurance firms say, over the past few years, they have been investing on digital technologies to reach semi urban and rural areas.
Surendra Hiranandani -- chairman and managing director, House of Hiranandani -- explains what ails India's housing sector and indicates the way forward.
Union minister Prakash Javadekar accused the Congress of ignoring farmers' interests and keeping them poor to ensure cheap grain prices, and asserted that the Modi government empowered them by implementing the Swaminathan commission report to give them remunerative price through MSP.
The Hindutva social media continues to present the DMK especially as anti-god, anti-Hindu and anti-Brahmin. The strategy did not work in the past, it has not worked in the present, and would not work in the future, as a massive vote-getter, asserts N Sathiya Moorthy.
A consensus leader will be chosen on Monday morning at Naga People's Front Legislature Party meeting.
Dear Friend is for those who idealised Dil Chahta Hai all out of proportion, and then warmed up to the premise that friendship could be a lot more complicated, and transient, observes Sreehari Nair.
Rashtriya Swayamsevak Sangh's highest decision-making body Akhil Bharatiya Pratinidhi Sabha (ABPS) will meet in Bengaluru on March 19 and 20 to review the functioning of the Sangh, discuss expanding its work in the country and to elect its Sarkaryavah (general secretary).
Where does Basavaraj Bommai stand three months after he assumed the reins of power in Karnataka?
Rural slowdown may delay growth in the economy.
Critics who cannot stop gloating, pronouncing Modi to be a lame-duck prime minister, may be making a huge mistake, predicts Virendra Kapoor.
Ramesh Jarkiholi got the plum portfolio of major and medium irrigation which he was eyeing. Anand Singh got food, civil supplies and consumers affairs portfolio, Srimant Patil was given textile while K Gopalaiah has been assigned small scale industries.
Experts said a dip in consumption expenditure indicated an increasing prevalence of poverty in the country.
Who'd have imagined that a bunch of poor, illiterate women in a slum would be able to achieve this?
According to the Icra report, earnings before interest, tax, depreciation and amortisation margin of its sample declined by 44 basis points on a YoY basis and 23 basis points on a quarter-on-quarter basis to 16.6 per cent.
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