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).
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 the Lakhimpur Kheri tragedy.
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.
Uttam Ghosh offers his take on election promises.
Uttam Ghosh offers his take on the government's startling assertion that no Indian perished during the second COVID-19 wave because of a lack of oxygen supplies.
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.
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 wonders how Joe Biden -- who was known to have a sure pair of hands when it came to foreign policy -- could have made such a tragic error of judgement.
Uttam Ghosh pays tribute to the God of Soccer who passed into the ages on Wednesday.
Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models.
Uttam Ghosh wonders when Prime Minister Narendra Damodardas Modi's promise of Acche Din will become a reality.
Uttam Ghosh offers his take on Jyotiraditya Scindia's decision to dump the Congress on Tuesday and join the BJP on Wednesday.
Uttam Ghosh offers his take on the Bharat Bandh and the economic concerns that led trade organisations to call for the industrial action.
Uttam Ghosh offers his take on the speculation about who's really in charge of the BCCI -- Dada or Dad's putra?
Will the National Monetisation Pipeline revive the economy, which is in deep crisis, wonders Uttam Ghosh.
Uttam Ghosh and Dominic Xavier offer their respective takes on the Modi Sarkar's decision to hike cooking gas LPG prices.
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.
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.
Uttam Ghosh is puzzled by the anger generated over Vir Das's observations -- at a time when so many serious issues confront this great nation -- and offers his take on 'Two Indias'.
Uttam Ghosh offers his take on the controversy that erupted after The Wall Street Journal reported that Facebook may have supported the Bharatiya Janata Party by permitting hate content to be posted on its platform.
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).
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 the Supreme Court constituting a national task force to ensure that allotment of medical oxygen to the states and Union Territories is done on a 'scientific, rational and equitable basis'.
Uttam Ghosh asks if Mamata Banerjee plans to make the Congress redundant in the run-up to the 2024 elections.
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.
Uttam Ghosh's unique take on the Citizenship Bill.
Uttam Ghosh offers his take on how the Government, the opposition eyes the Galwan valley.
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.
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.
'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.'
'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.'
Uttam Ghosh offers his unique take on the No Jobs-Agrarian Distress state of the economy.
Uttam Ghosh offers his take on Monday's assembly election in Maharashtra.
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.
Uttam Ghosh offers his take on the alleged attack on Mamata Banerjee.
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