The size of Reserve Bank's balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank's annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as on March 2023.
An independent scientific analysis released by Greenpeace India has revealed major flaws in the Genetically Modified corn's biosafety assessment process.
Stake sales by promoters and private equity/venture capital (PE/VC) investors this year are already exceeding twice those of last year. So far this calendar year, the selling stands at over Rs 87,400 crore, 2.2 times the Rs 39,700 crore worth of shares sold by promoters and PE/VCs in 2022. This year's tally has received a boost from stake sales by Adani group promoters.
Justice Prathiba M Singh stated that the accuracy and reliability of AI generated data is still in the grey area and at best, such a tool can be utilised for a preliminary understanding or for preliminary research.
Shares of low-cost airline IndiGo hit record high on the bourses soon after reports of pilot crisis at Vistara emerged. The development also saw airfares surge by around 25 per cent on select routes. Shares of IndiGo hit a lifetime high of ~3,68.5 on April 2, 2024, and has gained 2.4 per cent on the bourses in April.
The Centre on Saturday night announced that the probe into alleged irregularities in the medical entrance exam NEET will be handed over to the CBI for a comprehensive investigation.
Top leaders of the Opposition's Indian National Developmental Inclusive Alliance (INDIA) held talks in an informal setting in Mumbai on Thursday evening to chart out a concrete roadmap and evolve a structure for cooperation among the alliance partners to take on the Bharatiya Janata Party (BJP) in the 2024 Lok Sabha polls.
Extreme weather events and disasters have been on the rise in the region.
The Indian economy is likely to post better than anticipated growth in the second quarter (July-September) owing to robust urban consumption and expansion in services, a Business Standard analysis of high-frequency indicators showed. While gross domestic product growth in the September quarter is expected to come below the 7.8 per cent print in the June quarter due to a favourable base fading, analysts say the print will be much closer to 7 per cent than the 6.5 per cent anticipated earlier. While the Reserve Bank of India (RBI) had estimated 6.5 per cent growth for July-September, last month Governor Shaktikanta Das said the growth figure would surprise on the upside.
In 2022, Rajasthan met for 30 days, Chhattisgarh 18 days, MP and Mizoram for 15 each, and Telangana for 10 days.
The government has kicked off a new employment survey to create closer-to-real-time credible information, the first tranche of which is expected to be revealed in December next year.
'In India, political parties want to portray their leaders as cinematic heroes critical of their opponents.' 'This is where memes come into play.'
It was also learnt that Gautam Navlakha, a shareholder in NewsClick, remained involved in anti-Indian and unlawful activities such as actively supporting banned Naxal organisations and having anti-national nexus with Gulam Nabi Fai, an agent of Pakistan's ISI, it stated.
The International Monetary Fund (IMF) warned on Tuesday that India's general government debt (comprising both central and state government debt) could exceed 100 per cent of gross domestic product (GDP) in the medium term. It also cautioned that long-term debt sustainability risks are high due to the significant investment required to meet India's climate change mitigation targets. The Indian government, however, disagreed, arguing that risks from sovereign debt are extremely limited as it is predominantly denominated in domestic currency.
According to sources, the tax department has prepared a list of non-filers based on their information records.
'The biggest change that the BJP can initiate in the run-up to 2024 is appointing new faces as chief ministers.' 'In doing so, it will send a message well beyond 2024.'
The exercise is in continuation of crack down on tax defaulters which the government launched last fiscal under which the Revenue Department had sent 105,000 letters to assessees seeking to know whether the person had filed his IT return or not.
Six years after the rollout of the biggest indirect tax reform in India, Goods and Services Tax (GST) revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer. To apprehend black sheep, who operate as syndicates and create fake entities on the basis of forged documents to claim input tax credit (ITC), tax officers have started using data analytics, artifical intelligence and machine learning aiming to curb evasion, which was over Rs 3 lakh crore since inception of GST. It was over Rs 1 lakh crore in 2022-23. Thinktank Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).
Now that IPL 2014 is over, our data journalists take a look at who the VFM batsmen and bowlers were in the tournament.
Retirement fund body EPFO added 16.26 lakh subscribers on a net basis in November 2022, which is 16.5 per cent higher compared to a year ago, the labour ministry said on Friday. The provisional payroll data of Employees' Provident Fund Organisation (EPFO) released on Friday by the ministry highlighted that the EPFO has added 16.26 lakh net members in the month of November 2022. The data indicate a 25.67 per cent increase in net additions compared to the previous month in October 2022, a labour ministry statement said.
The UK Health Security Agency said EG.5.1, which has been nicknamed Eris, makes up one in seven new COVID cases.
Alternative Investment Funds (AIFs) with a lock-in period performed better than the ones that allow investors to withdraw capital at any time. Close-ended schemes had a median return of 5.62 per cent in December, according to data from industry tracker PMSBazaar. The median returns for open-ended schemes were 3.91 per cent
India stands to lose more working hours to extreme heat than the rest of the world, in addition to the humanitarian cost of extreme heat events.
Profits of India's top listed companies have been growing at a faster pace than those of their American peers, but when it comes to revenue growth, the order has reversed recently. The combined net profit of the S&P 500 companies was up 14.1 per cent year-on-year (Y-o-Y) during the trailing 12 months (TTM) ended December 2023, as against 17.4 per cent profit growth logged by the BSE 500 companies in the same period. This is the second consecutive year of faster profit growth for the BSE 500 companies.
The July 2 Austrian Grand Prix was a high water mark for the sport with just four people having to process an avalanche of some 1,200 potential violations.
Amid a surge in dengue cases in Karnataka, Chief Minister Siddaramaiah on Monday said he has instructed officials to take all necessary precautionary measures to prevent spread of the vector borne disease and urged the people to give utmost priority to cleanliness in their neighbourhoods.
A Delhi court on Tuesday sent to 10-day judicial custody NewsClick founder Prabir Purkayastha and human resources department head Amit Chakravarty, arrested in a case lodged under anti-terror law UAPA over allegations that the news portal received money to spread pro-China propaganda.
Statements of five 'Angadiya' firm operators have also been recorded by the ED to establish the "money trail" of this alleged Rs 45 crore bribe amount.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
'The pandemic had a significant impact on child trafficking.' 'With economic hardships, traffickers exploited the situation to target desperate parents and children.'
If indeed you are better than your boss, you will definitely reach that coveted position. You just need to focus on your own performance and showcase it succinctly.
Banks are likely to see their net interest margins (NIM) - broadly the difference between interest earned on loans and paid on deposits - shrink by another 30 basis points (bps) over the next few quarters. After hitting a peak of 3.3 per cent in the third quarter (Q3) of the financial year ended March 31, 2023 (FY23), NIMs have been on a downward trajectory, touching 3.13 per cent in Q2FY24 on higher cost of funds, according to capital markets firm CARE Ratings. Banks are still grappling with the Reserve Bank of India's policy rate increases - that have made deposits costlier as the interest payable to customers has increased - and the regulatory actions on unsecured lending.
Indian Institute of Management Bangalore is offering special digital courses taught by their professors.
The Supreme Court on Friday asked what was the harm if a person provided the details of caste or sub-caste during the Bihar caste survey when an individual's data was not going to be published by the state.
The state with the most people has displaced the state with the largest economy in terms of investor additions. Uttar Pradesh (UP) added 126,000 new investors in April, reveals National Stock Exchange (NSE) disclosures. This is higher than Maharashtra's 118,000. Maharashtra, which is home to India's financial capital of Mumbai, has traditionally been the biggest source of investors.
India has expressed concern about the movement of the Xiang Yang Hong 03 vessel in Indian Ocean waters and also prevailed on Sri Lanka to refuse permission for the ship to dock at Colombo port.
Hearing a bunch of petitions, a division bench of Chief Justice K Vinod Chandran and Justice Madhuresh Prasad directed the government to immediately stop the caste-based survey, and ensure that the data already collected are secured and not shared with anybody till final orders are passed.
The share of candidates who were successful among the BJP was 56.5% in 2019. It was 5% for the Congress.
In a surprise departure from norms, investigators of the National Security Guard post-blast study team were not allowed to gather vital data of the terror-struck and burnt Israeli embassy SUV citing "diplomatic reasons".
A record number of 35 million people have already voted under the early voting provision of American democratic system ahead of Tuesday's presidential election, surpassing the 2012 record when 32.3 million people exercised their franchise in advance.
