Citing various macroeconomic parameters that are doing pretty well, India's G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th largest economy in the world by 2025. The size of India's GDP is currently ranked 5th, after the US, China, Germany, and Japan. It overtook the UK in 2022.
The Union finance ministry has rejected a proposal sent by the labour ministry to double the monthly minimum pension amount to Rs 2,000 under the Employee Pension Scheme (EPS). The Central Board of Trustees (CBT), the apex decision-making body of the Employee Provident Fund Organisation (EPFO), was apprised of the proposal's rejection during a meeting on Saturday. "According to the recommendations made by a highly-empowered monitoring committee constituted by the government, a proposal to increase the minimum pension under EPS from Rs 1,000 to Rs 2,000 per month, by providing additional budgetary support, was sent to the ministry of finance.
After three cheetahs died in just over a month last year in Madhya Pradesh's Kuno National Park, the National Tiger Conservation Authority in May 2023 called in experts from Reliance's wildlife facility in Gujarat to review health monitoring protocols, official records show.
Congress general secretary Jairam Ramesh posed questions for the prime minister ahead of his rallies in Karnataka.
Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample opportunities for all citizens in "Viksit Bharat". It sets the stage for sustained economic growth, social development, and technological advancement.
'This is the victory of the people of Gujarat who want real development, not the hype of development.'
Gold is an excellent asset class for diversification and should be included in all long-term portfolios.
All eyes will be on whether Sitharaman provides the much-expected tax relief for the middle class, leaving more money in their hands, as there is tax buoyancy
In a joint letter to the prime minister, the opposition leaders, including some chief ministers, have also demanded providing foodgrains to the needy, and giving Rs 6,000 per month to the unemployed.
Thousands of workers of every description -- from journalists to steel workers, from painters to New York cops, from auto to engineering workers -- marched for two hours down 5th Avenue one of Manhattan's most iconic thoroughfares, reports Jyoti Punwani.
'Just think about it. She's a prosecutor, he's a convicted felon. I love that juxtaposition.' 'She's a woman, and she's black and South Asian. He's a white guy who grew up with enormous [wealth].' 'She grew up in a very average, lower middle class/middle class kind of setting with a single mother.'
Equity mutual funds attracted Rs 8,898 crore in July, a 43 per cent decline compared to the preceding month as markets continued to remain volatile amid concerns over inflation and rate hike expectations. For the 17th straight month, equity mutual funds witnessed inflows in July. The net inflows in July were lower compared to Rs 15,495 crore seen in June, Rs 18,529 crore in May and Rs 15,890 crore in April, according to data released by Association of Mutual Funds in India (Amfi) on Monday.
Sitharaman added that no Union finance minister can play with the Finance Commission's recommendations.
Proving wrong his detractors' claim of being sidelined after denial of chief minister's post for fifth time last year, Bharatiya Janata Party leader Shivraj Singh Chouhan won Madhya Pradesh's Vidisha Lok Sabha seat for the sixth time by a record margin of 8.21 lakh votes.
The number of centrally sponsored schemes have increased to 35 in FY22 from 30 in FY21 and central sector schemes have increased to 704 from 685 in the previous year, reports Dilasha Seth.
Shah said stringent actions would be taken against any individual who jeopardises the nation's security.
At a time when none in Kerala's Left politics questioned the chief minister's authority, MLA P V Anvar hurled a series of accusations against Pinarayi Vijayan's government, notes Shyam G Menon.
Moitra, who was expelled from the Lok Sabha in December for "unethical conduct", has been renominated by her party from West Bengal's Krishnanagar seat in the upcoming Lok Sabha polls.
The Election Commission of India (ECI) directed the removal of West Bengal DGP Rajeev Kumar and mandated the appointment of Vivek Sahay, once suspended by the poll panel, as the new state police chief, with the TMC accusing the BJP of controlling the constitutional body.
JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order imposing restrictions on the company's financing business and asserted that there was "no material deficiencies" in its loan sanctioning process. The Reserve Bank on Tuesday imposed restrictions on JM Financial Products Ltd after it found the company indulged in various manipulations, including repeatedly helping a group of its customers to bid for various IPOs (initial public offerings) by using loaned funds. "After careful and detailed review of the order issued by the RBI on the action against JM Financial Products Ltd, we strongly believe that there have been no material deficiencies in our loan sanctioning process.
On the Opposition's poll promise of statehood restoration, Shah said, "I want to ask Farooq Abdullah and Rahul Gandhi, who is going to restore the statehood. You cannot give it back. Why are you misleading the public?"
'The maximum struggle that I have gone through in this industry was to try to get a film made which had a female action star.' 'And that film never got made, despite reaching out to some of the biggest actresses.'
State and UT governments have been given the flexibility to take a decision on re-opening of schools and coaching institutions after October 15 in a graded manner.
Santiago Martin has funded Rs 1,368 crore to political parties between October 2020 to January 2024 through electoral bonds.
During the arguments, the Kejriwal's counsel told the court that the entire case upon the CM rests on statements.
He urged the Central government to take this matter seriously and come to their rescue immediately.
'We were not protesting for a wage hike or provident fund. We were protesting for the safety of the larger population. There is no personal gain.'
The US is looking very carefully at what Modi did when he was in Moscow, a senior State Department official has told lawmakers concerned over the growing India-Russia ties.
Global fund managers remain bullish on the Japanese stock markets, which is now their most preferred destination in the Asian region. Both Morgan Stanley and Jefferies in their recent reports, have cited their preference for the Land Of The Rising Sun, which is fast becoming the land of the rising equities, too.
Now govt employees to enjoy greater say in how their NPS corpus is invested. Younger employees should raise their allocation to equities in this very long-term investment instrument
'If the majority falls short of expectations, it may prompt initial adjustments in investor sentiment.'
The expectations of a borrowing cut by the government faded among bond-market participants after the general election results because they feel the compulsions of running a coalition may put pressure on the exchequer, according to dealers. The recent trend of moderate depreciation in the rupee's nominal effective exchange rate (NEER) might not persist if there are significant changes to the structural reform agenda.
National Conference (NC) president Farooq Abdullah did not appear before the Enforcement Directorate (ED) on Thursday for questioning in a money laundering case, official sources said.
The central agency has pressed charges under the Prevention of Money Laundering Act after taking cognisance of a FIR and charge sheet filed by the Gautam Buddh Nagar (Noida) district police in Uttar Pradesh last month against him and other linked to him.
Switching to the UPS could be a game-changer for your retirement planning, especially if you value guaranteed benefits and higher government contributions, observes Ramalingam Kalirajan.
'Right to apprenticeship means that anyone below the age of 25 years with a diploma or other qualifications can demand an apprenticeship with a private, a public sector company or a government organisation. And when he/she demands this, it is the obligation of the government to provide it.'
Moody's Ratings on Tuesday said India's growing water shortage can disrupt farm and industry sectors and is detrimental to the credit health of the sovereign as rising food inflation and decline in income may spark social unrest. It said decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in food prices and hence can be detrimental to credit health of sectors that heavily consume water, such as coal power generators and steel-makers.
'We are not secessionists, we want to coexist with our countrymen but not on the terms that will strip us off our dignity and a right to peaceful existence.'
One of Mumbai's biggest real estate redevelopment projects of Bombay Development Directorate's (BDD's) chawls (large buildings divided into many separate tenements, offering cheap, basic accommodation) has taken off in Central Mumbai, opening up a Rs 20,000-crore opportunity for real estate companies. It is expected to drive down real estate prices in Central Mumbai by up to 25 per cent, forecast real estate experts. Spread over 92 acres in Central Mumbai's prime localities of Worli, Lower Parel, and Dadar and consisting 195 four-storey houses, the BDD chawls were constructed in the 1920s.
'We are in a position to start due diligence and private data room access shortly.'
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