After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month triggered by renewed US-China trade tensions and rising US bond yields. This momentum follows a net investment of Rs 19,860 crore in May and Rs 4,223 crore in April, data with the depositories showed.
A BMC spokesperson said the average voter turnout stood at 29.96 per cent till 1.30 pm in the metropolis, which has more than 1 crore eligible electors.
rediffGURU T S Khurana answers readers' personal income tax queries
The Chief Justice of India (CJI) Sanjiv Khanna has ordered an in-house inquiry into allegations against a Delhi High Court judge, Justice Yashwant Varma, after reports of burnt cash being found at his residence. The inquiry will be conducted by a three-member committee headed by Justice Sheel Nagu, Chief Justice of the Punjab and Haryana High Court. The allegations stem from a report by the Delhi High Court Chief Justice Devendra Kumar Upadhyaya, who stated that four to five semi-burnt sacks of Indian currency notes were found at Justice Varma's residence following a fire. Justice Varma has strongly denied the allegations, calling them a conspiracy to frame him.
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Justice Yashwant Varma, a Delhi High Court judge, has been transferred to his parent Allahabad High Court amid a controversy surrounding the alleged discovery of a large sum of cash at his official residence. The Supreme Court Collegium recommended the transfer, stating it was separate from an in-house probe ordered by the top court into the alleged cash find. The incident occurred following a fire at Justice Varma's residence on Holi night, March 14. Justice Varma has vehemently denied any involvement in the alleged cash discovery, calling it a conspiracy to frame him.
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Votes will be counted on January 16 and the outcome will be keenly watched as the BJP-led Mahayuti will seek to stamp its supremacy in urban landscape, especially in Mumbai, while the Opposition parties will try to redeem themselves after last year's rout in assembly polls.
Officials aware of the procedure to appoint and remove Supreme Court and high court judges pointed out that while defending his case before lawmakers in any of the House, Justice Varma can announce that he is quitting and his verbal statement will be considered as his resignation.
ICICI Bank on Tuesday introduced cash withdrawal facility at point of sale (PoS) terminals at merchant outlets.
Systematic Investment Plan (SIP) and Systematic Withdrawal Plan (SWP) are very crucial. Here, we will help you understand how these tools can pave the way for a stress-free retirement.
The Reserve Bank of India on Friday permitted banks to increase charges on ATM cash withdrawals beyond the mandatory free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
UPI has catapulted India into the forefront on the global digital payments landscape. Working hand in hand, the AePS payments system is making life easy for rural folks, notes Tamal Bandyopadhyay.
The Karnataka government has withdrawn its order directing the Criminal Investigation Department to probe possible lapses and dereliction of duty by police officers at Kempegowda International Airport in Bengaluru in connection with actor Ranya Rao's gold smuggling case. The CID probe order was issued on Monday night. A subsequent order on Wednesday withdrawing the CID investigation stated that Additional Chief Secretary Gaurav Gupta is already probing the possible role of Ranya's stepfather, K Ramachandra Rao, a DGP-rank officer, in the case. Gupta's inquiry will focus on the facts and circumstances leading to the misuse of protocol-related facilities and Rao's involvement in the case. Recently, gold bars worth Rs 12.56 crore were seized from Ranya at Kempegowda International Airport here. The next day, officials said, searches were conducted at her residence where gold jewellery worth Rs 2.06 crore and Rs 2.67 crore in cash were recovered.
The Reserve Bank of India (RBI) on Wednesday proposed to make interoperability mandatory for digital payments firms. It also allowed users to withdraw cash from e-wallets and fintech companies to process RTGS and NEFT transactions. The RBI expressed dissatisfaction over prepaid payment instruments' (PPIs') failure to migrate towards full-KYC (know your customer) PPIs, and therefore interoperability, even two years after guidelines were issued.
'I will not be surprised if there is a 7 per cent handle in front of the decimal place for the full financial year.'
'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'
By June 2025, financial freedom will be just an ATM away. Pleasantly surprised? But there's more, says Ramalingam Kalirajan
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
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Using credit or debit cards abroad can prove costly.
A plea in the Supreme Court of India seeks a direction to Delhi Police to lodge an FIR over the alleged discovery of semi-burnt stash of cash from the official residence of Delhi High Court judge Yashwant Varma. The plea challenges a 1991 judgement that prohibits criminal proceedings against judges without prior consent from the Chief Justice of India, arguing it violates the principle of equality before the law. It also seeks to declare the collegium's 3-member committee investigating the incident as having no jurisdiction and calls for action against corruption within the judiciary.
The facility is now available at 258 Big Bazaar and fbb stores in over 115 cities and towns across the country
The decision is aimed at discouraging hoarding of valid currency notes
'Sandbagging' means a player deliberately losing his games, along with it his rating points, so as to play in a lower rated player tournaments and win cash prizes.
Ruling Bharatiya Janata Party's Sirsa candidate Rohtash Jangra on Monday said he has withdrawn his nomination and hinted that the party may back sitting MLA Gopal Kanda, who has been supporting the state government.
The IBPS clerk application form for 2025 will be released on July 31. The IBPS Clerk preliminary exam 2025 is scheduled to be held on October 4, 5 and 11.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
The interchange fee -- paid by the card-issuing bank when a customer swipes at another bank's ATM, including at white-label ATMs -- may be raised to Rs 20 to Rs 23.
AI isn't a magic wand. It works best when combined with good systems, informed investors, and skilled advisors, says Amit Suri.
In the last 11 years, India and the world witnessed what he stood for, what he promised and did not deliver, and what he actually stood for and practised without fearing how history would judge him. Modi's tenure has been punctuated with headline-grabbing decisions, symbolic gestures, and stage-managed moments that continue to define his leadership and India's politics, points out Ramesh Menon.
The transition to UPI-based ATMs will be gradual, and consumers will not immediately switch to using standalone UPI ATMs overnight.
ITRs with zero tax liability have increased to 55.7 million in FY25.
Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent.
The Reserve Bank of India (RBI) on Wednesday released draft guidelines for streamlining the onboarding and monitoring of Aadhaar Enabled Payment System (AePS) operators to counter frauds perpetuated through the ecosystem. Banks and the National Payments Corporation of India (NPCI) are required to comply with these directions within three months from the date of issue of the guidelines.
The fear of losing purchasing power due to inflation and low-interest rates has led many to explore safe alternatives to fixed deposits with high returns
Conservative investors seeking equity-like tax benefits with low risk may go for them.
The rate of cash withdrawals over deposits was almost double in Uttar Pradesh, Andhra Pradesh and Telangana, according to the latest analysis submitted by the RBI to the finance ministry.
ZEE Entertainment Enterprises Ltd (ZEEL) and Sony Pictures Networks India on Tuesday said they have settled their six-month-long dispute related to the failed $10-billion merger and have agreed to withdraw all claims against each other. As part of the "comprehensive non-cash settlement" between ZEEL and Culver Max Entertainment Pvt Ltd (CMEPL), both "have mutually agreed to withdraw all respective claims against each other, in the ongoing arbitration at the SIAC and all related legal proceedings initiated in the NCLT and other forums," said a joint statement.
Travel is about making memories, experiencing the unknown, and engaging in new experiences -- not worrying about fluctuating exchange rates or hidden expenditures. With a little planning and a proactive approach to handling your foreign exchange, you can reduce financial stress and enjoy your trip, suggests Pavan Kavad.
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