Uttam Ghosh pays tribute to V Gangadhar, the long-time Rediff.com columnist who passed into the ages on Monday, October 10, 2023.
'This means that there will be more than 1,000 tech talent in India over the next 12-18 months.'
Reserve Bank of India (RBI) Deputy Governor Swaminathan J criticised some non-banking financial companies (NBFCs) for lax loan appraisal practices and charging excessive interest rates, even as he acknowledged the sector's rapid expansion over the past decade, especially in recent years. "Unfortunately, some NBFCs seem to believe they can operate with weak underwriting in the pursuit of fast growth while levying excessive and unsustainable interest rates - sometimes disguised as upfront or processing fees - followed by aggressive recovery methods in case of default," Swaminathan said at the conference of NBFCs in Chennai last month.
Payments banks have urged the Union finance ministry to increase their deposit limit for each account to Rs 5 lakh, according to a source who participated in a meeting, chaired by the Department of Financial Services Secretary M Nagaraju, in New Delhi. At present, they can accept deposits of up to Rs 2 lakh.
Education loan growth is set to halve this fiscal (FY26) because disbursements for the US decelerate following a raft of policy changes there.
The global PC landscape is poised for a seismic shift as artificial intelligence (AI) PCs are projected to dominate the market, with 98 per cent of all PCs expected to feature AI capabilities by 2028, according to a senior Dell executive. Talking to PTI, senior director and general manager of Client Solutions Group at Dell Technologies India, Indrajit Belgundi said AI PC adoption is significantly growing across all age groups, industries, and categories.
Venture capital (VC) and private equity (PE) funds had, in 2024, taken bets on traditional businesses rather than tech-first domains like consumer tech, software as a service (SaaS) and software. According to data from Bain & Co, Pitchbook, Venture Intelligence, VCC Edge and AVCJ, prominent VC funds like PeakXV saw their share in this traditional space go up sharply from 14 per cent in 2023 to 23 per cent in 2024.
Uttam Ghosh offers his unique take on the prime minister's birthday.
It remains a mystery that when its scientists were accused of selling technologies which did not exist in ISRO, ISRO's leadership did not say to the public that they were searching in a dark room for a black cat which was not there, points out Ambassador T P Sreenivasan.
India and China have announced a series of measures aimed at improving their relationship, including maintaining peace along the border, reopening border trade, and resuming direct flights.
Uttam Ghosh offers his take on these contrasting images of Freedom of Speech that exists in our great land.
Uttam Ghosh/Rediff.com offers his take on the raging controversy over the Ghar Vapsi -- conversion of Muslim and Christians -- programmes planned by fundamentalist Hindu outfits, which has disrupted Parliament all week.
The liquidity deficit in the banking system crossed Rs 2 trillion again on Monday, despite the second instalment of cash reserve ratio (CRR) reduction coming into effect from December 28.
A home insurance policy covers damage from earthquakes, fires, explosions, floods, landslides, cyclones, storms, aircraft damage, and acts of terrorism.
Uttam Ghosh offers his take on the RBI's revelation that Rs 15.28 lakh crore, or 99 per cent of the junked 500 and 1,000 rupee notes, have returned to the banking system.
Uttam Ghosh/Rediff.com offers his perspective on the political circus that poll-bound Uttar Pradesh has turned into.
Uttam Ghosh offers his take on the Aamir Khan controversy.
Amid liquidity tightness in the banking system, certificate of deposit (CD) rates topped 8 per cent for some smaller banks, with rates remaining on the higher side for derivatives loss-hit IndusInd Bank. On Thursday, CSB Bank raised Rs 100 crore via one-year CDs at 8.5 per cent, while Utkarsh Small Finance Bank issued three-month CDs at 8.05 per cent to raise Rs 50 crore.
Uttam Ghosh/Rediff.com offers his unique perspective on several issues of the day.
The government's decision to permit in-flight calls gave Uttam Ghosh a shudder as he imagines what may ensue on domestic flights once Indians get talking on their cell phones.
Uma Bharti, sanyasin and India's minister for river welfare, sourced the inspiration for demonetisation when she told the Economic Times earlier this week that Prime Minister Narendra Modi 'has implemented Karl Marx's idea on black money.'
Uttam Ghosh On the controversy surrounding Sri Sri Ravi Shankar's World Culture Festival.
Uttam Ghosh on how the government's move to give 'yoga visas' may backfire.
Uttam Ghosh offers his take on the events of August 5, 2020.
The Indian economy could remain less affected by global trade wars than other countries because the two engines of domestic growth - consumption and investment - are likely to face a limited impact from such headwinds, according to an article on the 'State of the Economy' in the Reserve Bank of India's (RBI's) bulletin, released on Tuesday.
The government on Tuesday announced a new centrally-sponsored scheme for skilling 20 lakh youth over the next five years. The announcement was made by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25. The minister said that model skilling loan scheme will be revised to facilitate loans up to Rs 7.5 lakh.
Until now, salaried individuals having income under the head LTCG were required to file Form ITR-2.
'We may see this momentum going into 2025 and may keep up with the demand, given the strong pipeline.'
Following Tamil Nadu Chief Minister Jayalalithaa's promise to extend sops given in her state tp all over India if she becomes prime minister, Rediff.com's Uttam Ghosh offers his perspective.
'Deposit and lending rates have started to fall considerably. It is likely to spur investment and consumption of durables.'
Uttam Ghosh offers his take on the Kerala floods and the Centre's relief response.
rediffGURU T S Khurana answers readers' personal income tax queries
Geopolitical developments between India and Pakistan, quarterly earnings and macro data will be the key drivers of stock markets in the holiday-shortened week, say analysts.
Uttam Ghosh offers his take on the ultimate sacrifice by then soldiers of the Madras Regiment on the Siachen glacier, the world's highest battlefield.
Uttam's Take: Narendra Modi's Chai Pe Charcha
surveys the scene in Jammu and Kashmir following separatist leader Masarat Alam's release.
Borrowers should consider switching from an MCLR-linked to a repo rate-linked loan.
Domestic rating agency ICRA on Monday said Indian companies are likely to clock 7-8 per cent revenue growth during the March quarter of the current fiscal year, led by revival in rural demand and uptick in government spending. ICRA expects the private capital expenditure (capex) cycle to remain measured in view of the uncertainties around geopolitical developments and relatively subdued outlook on merchandise exports from India.
Housing sales are estimated to decline 23 per cent annually to nearly 1.06 lakh units during January-March across nine major cities on subdued demand due to high prices and concern over economic growth, according to PropEquity.
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