The government's move to cut GST on medicines and medical devices while exempting lifesaving drugs from the levy is a bold step that will bring direct relief to patients and families while significantly reducing financial strain on them, pharmaceuticals and healthcare industry players said on Thursday.
The government has not made any amendments to the foreign direct investment (FDI) policy for countries sharing land border with India, sources said on Wednesday. In 2020, the government issued Press Note 3 under which investors from these land bordering countries have to mandatorily take prior approval of the government for making investments in any sector.
The Supreme Court has ruled that a bank's one-time settlement (OTS) scheme cannot be invoked as a matter of right and that borrowers must strictly comply with its mandatory conditions, including upfront payment of a specified portion of dues, to avail themselves of the benefits of the scheme.
Uttam Ghosh offers his take on Russia's terrifying nuclear threats.
Uttam Ghosh offers his take on how Uttar Pradesh voted
Uttam Ghosh offers his take on the plight of stranded Indian students in Ukraine.
'An asset must generate income. Equities yield dividends, bonds pay coupons, deposits give interest, and real estate earns rent.' 'Gold, silver, and even Bitcoin produce no income, they merely store value. So, they should not be compared to productive assets.'
The Centre's fiscal deficit stood at 17.9 per cent of the full-year target at the end of June, according to data released by the Controller General of Accounts (CGA) on Thursday. It was at 8.4 per cent of Budget Estimates (BE) of 2024-25 in the first three months of the previous financial year.
Investor sentiment across Asian markets has shifted sharply in August, reveals the latest Bank of America (BofA) Fund Manager Survey, which found global growth expectations retreating after three months of improvement.
Uttam Ghosh's take on the Big Ministerial Shuffle.
The Reserve Bank of India (RBI) on Wednesday met the long-standing demand of banks by allowing them to finance acquisitions by Indian companies, a move that also expands banks' capital market lending in the country.
Uttam Ghosh offers his take on Gautam Adani's hostile takeover attempt of Radhika and Prannoy Roy's NDTV.
Uttam Ghosh offers his take on BJP leader Nitin Gadkari's recent comment that 'Democracy runs on two wheels -- the ruling dispensation and the Opposition'.
Uttam Ghosh offers his take on the Aam Aadmi Party's victory in the Punjab election and Arvind Kejriwal's aspirations to go National.
Public sector banks (PSBs) have seen a sharp drop in household deposits from 70.6 per cent to 63 per cent in contrast with private banks, which witnessed a surge from 27.1 per cent to 34.1 per cent.
In the June 16 advisory, the US urged its citizens to exercise "increased caution" due to crime and rape, and advised them not to travel to certain parts of central and eastern parts of the country due to terrorism.
Market regulator Sebi on Thursday said that timelines for portfolio rebalancing in mutual fund schemes will now be applicable to all types of passive breaches across actively managed schemes, which was earlier limited to only asset allocation. A passive breach refers to unintended deviations from the mandated asset allocation or regulatory limits that do not arise from the direct actions or omissions of asset management companies (AMCs).
Some of the leading life insurance companies have reported a sharp decline in the number of lives covered in FY25, largely due to a slowdown in credit-linked life insurance policies. Stress in the microfinance segment has reduced loan disbursements and, in turn, the flow of new customers to insurers.
Uttam Ghosh offers his take on the Enforcement Directorate being deployed to intimidate the ruling regime's political opponents.
Uttam Ghosh offers his take on the current upheaval in the Shiv Sena.
Uttam Ghosh offers his take on the brutal political violence in Mamata Banerjee's Bengal.
Uttam Ghosh wonders whether Meta will be a kinder, gentler and non toxic version of Facebook and its progeny WhatsApp.
'Techies who did a master's there and moved to US companies look down on Indian companies who they consider as just doing body shopping.'
Uttam Ghosh offers his take on issues that raise the MEA's hackles.
The rate of unemployment in the country declined to 5.2 per cent in July from 5.6 per cent in June, a government survey said on Monday. The unemployment rate (UR) in May was also 5.6 per cent, said the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI).
Uttam Ghosh offers his take on Kapil Sibal's revelation that he quit the Congress, a party of which has been a member of for 30 years, last week.
The number of companies with promoters whose demat accounts were frozen by the stock exchanges due to non-compliance increased over the past year. The BSE froze promoter demat accounts in 457 companies, according to data from the Securities and Exchange Board of India's (Sebi's) 2024-25 annual report released on August 12.
India's BFSI sector is set for robust growth, with hiring projected to rise 8.7 per cent in 2025-26 and touch 10 per cent by 2030, creating nearly 2.5 lakh permanent jobs, a report said on Thursday. This growth in the Banking, Financial Services, and Insurance (BFSI) sector is being driven by rising demand in tier II and III cities, marking a clear shift from metro-centric recruitment.
Commercial banks in India reported 26 per cent year-on-year (Y-o-Y) growth in slippages at Rs 63,000 crore during the first quarter ended June 2025 (Q1FY26). This was predominantly due to stress in microfinance and unsecured retail portfolios of select lenders.
Uttam Ghosh wishes all our readers a Healthy, Happy, Kind and Successful 2022.
Uttam Ghosh offers his take on the constant rise in the prices of commodities, but for the Modi government, alas!, other issues appear far more relevant
Uttam Ghosh offers his take on Uttar Pradesh Chief Minister Ajay Mohan Bisht's controversial statement where he proclaimed that before 2017 only those saying 'abba jaan' were getting rations in the state.
Uttam Ghosh offers yet another take on the Budget.
Uttam Ghosh offers his take on Britain's controversial travel advisory wherein Indian travellers who received both doses of the Covishield vaccine will be considered unvaccinated and have to undergo self-isolation for 10 days.
Indian corporate are increasingly shifting away from bank funding towards alternative sources, such as equity and bond markets, as their deleveraged balance sheets have improved their ability to raise equity at better valuations. Moreover, the 100 basis points (bps) rate cut by the Reserve Bank of India (RBI) has enabled them to access long-term funds from the debt capital market at cheaper rates.
Uttam Ghosh offers his take on Eknath Shinde and Devendra Fadnavis -- 'ED', as Congress spokesperson Pawan Khera quipped, a jibe at the Enforcement Directorate filing cases against opponents of the BJP -- taking charge as Maharashtra's new chief minister and deputy chief minister on Thursday, June 30, 2022.
Uttam Ghosh offers his take on West Bengal Chief Minister Mamata Banerjee's startling remark in the state assembly that she believed Prime Minister Narendra Modi was not behind the alleged misuse of the CBI and ED in the state and that it the handiwork of some BJP leaders.
Uttam Ghosh offers his take on the renaming of the Sardar Vallabhbhai Patel stadium in Ahmedabad to the Narendra Modi stadium.
'It flows through families, caste groups, and local WhatsApp communities where trust is personal.' 'Children are taught to defer to elders, so if a parent or uncle forwards something, you don't question it.'
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