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.
Banks are receiving requests for cancellation of approved car loans, in view of the implementation of GST rate cut, which will lower the price of passenger vehicles and also lead to subsequent reduction in the amount needed to purchase them. It is to be noted that the 56th GST Council meeting earlier this month, approved substantial reduction in the GST rate for cars for up to 1,200 cc to 18 per cent from the existing 28 per cent.
As the campaign for the Gujarat assembly election ends, Uttam Ghosh takes a look at how the campaigners -- including Prime Minister Narendra D Modi -- flew away from from the sea of issues, seeking refuge in accusations and allegations.
Uttam Ghosh weighs in on the row between the Censor Board and the makers of Udta Punjab.
'Earnings growth will be the main driver of India's market in 2026, with profits expected to rise 9% to 10% in H2 FY26 and accelerate to 12% to 15% in FY27.'
Uttam Ghosh offers his take on the 'tukde tukde gang', a slur often used by Bharatiya Janata Party leaders to attack JNU students and Left leaders.
Uttam Ghosh fears demonetisation will lead to increased governmental meddling in the citizen's personal financial life.
Uttam Ghosh offers his take on the Sena versus Ranaut take.
Uttam Ghosh offers his take on this unique Indian tragedy.
The Reserve Bank on Friday announced a record Rs 2.69 lakh crore dividend to be paid to the government for the fiscal ended March this year, 27.4 per cent more than the payout in 2023-24. The Reserve Bank had transferred Rs 2.1 lakh crore dividend to the government for the fiscal 2023-24.
Banks have been borrowing heavily from the Tri-Party Repo (TREPS) market and deploying those funds into the Standing Deposit Facility (SDF) of the Reserve Bank of India (RBI), which is offering higher interest rate than the former, leading to increased volumes in the SDF window. The weighted average TREPS rate was trading at 5.66 per cent on Monday, 9 basis points lower than the SDF rate which currently stands at 5.75 per cent.
The unemployment rate for those aged 15 and above increased marginally to 5.2 per cent in September, according to a government survey released on Wednesday. The unemployment rate (UR) was 5.1 per cent in August, 5.2 per cent in July and 5.6 per cent in May and June, as per the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI).
Uttam Ghosh offers his take on the unusual events that have occurred within Modi-Shah's BJP.
Uttam Ghosh on the Pradhan Mantri's year :)))
Uttam Ghosh/Rediff.com offers his take on the government's proposed land reforms.
Uttam Ghosh offers his take on India on the Global Hunger Index.
Uttam Ghosh offers his take on the JNU ruckus.
Uttam Ghosh/Rediff.com joins cartoonists worldwide in mourning the lives lost in the murderous terror attack at the French magazine, Charlie Hebdo.
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.
India's merchandise exports in November dipped by 4.85 per cent to $32.11 billion against $33.75 billion a year ago, according to government data released on Monday. Imports increased by 27 per cent to $69.95 billion in November compared to $55.06 billion in the year-ago month.
Uttam Ghosh offers his take on the triple talaq issue.
Uttam Ghosh offers his take on how the growing mood of fear is crushing the Spirit of India.
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.
Uttam Ghosh offers his take on how the migrants's plight has been aggravated by the erratic management of Shramik trains by the Indian Railways, headed by Railways Minister Piyush Goyal.
Uttam Ghosh offers his take on the Rafales's arrival at a time when India's coronavirus crisis is getting worse.
Women are increasingly using gig work as a pathway to economic independence which has no entry barrier, especially as an alternative to traditional jobs.
Almost a decade after India shifted to a formal inflation-targeting regime under the Monetary Policy Committee (MPC) framework of the Reserve Bank of India (RBI), a high-level panel of economists said that the flexible inflation targeting has largely worked in keeping it under control and no major revamp is required.
Uttam Ghosh offers his take on the mob lynching that took place in Palghar, Maharashtra, on the night of April 16, 2020.
Adani Group said on Friday it will invest around Rs 1 trillion in various sectors of Andhra Pradesh over the next ten years, deepening its commitment in the state where it will partner with Google for an artificial intelligence (AI) hub in Visakhapatnam.
Uttam Ghosh's take on the mood in the prime ministerial residence after the 2018 election verdict.
A new global study on Wednesday listed India among the top fintech hotspots alongside the US and the UK. The World Economic Forum study, released at its Annual Meeting of New Champions in China's Tianjin, also said the fintech sector growth is stabilising amid strengthening profitability and inclusion.
Love as illustrated by a Rediff.com's cartoonist Uttam Ghosh...
India continues to remain an attractive investment destination and rise in repatriation of funds is a sign of a mature market where foreign investors can enter and exit smoothly, Reserve Bank Governor Sanjay Malhotra said on Friday. Gross foreign direct investment (FDI) inflows remained strong, rising by around 14 per cent to $81 billion in 2024-25, from $71.3 billion a year ago.
How long will Mehbooba be treated thus for her apparent refusal to go along with what the Modi Sarkar want? Uttam Ghosh offer his take on the unsavoury episode.
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 comedian Kiku Sharda's shocking arrest
Uttam Ghosh asks if the hasty manner in which the farm bills were passed means another strike against democracy in a nation which prides itself as the most populous democracy in the world.
Uttam Ghosh/Rediff.com offers his unique perspective on the logjam in Parliament.
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.
