China criticised western attempts to "demonise" the BRICS.
The government scheme has a long way to go before its ultimate goals of universal financial inclusion and financial literacy are achieved.
India's cumulative COVID-19 vaccination coverage was recorded at over 28.36 crore since January 16, according to the data from the Co-WIN portal.
The current episode highlights the structural vulnerabilities in the liquidity management practices of Indian NBFIs
'This encourages escapism through the politics and economics of nationalism, made worse by tribalism or nativism, the package accompanied inevitably by the erosion of institutional bulwarks and therefore State capture by powerful businessmen,' notes T N Ninan.
'Our adult minds can use logic to understand the consequences, and our responsibilities have enabled us to accept this reality faster.' 'But our little ones still have no clue about what is going on.'
The quarter also saw exits worth $1.9 billion across 37 deals, 59 per cent higher YoY. This was driven by one of India's largest PE-backed IPO exit, the $1-billion partial exit by Carlyle in the SBI Cards IPO.
Participating in the debate on the budget, leaders of parties like the Congress, Bahujan Samaj Party, Aam Aadmi Party and Left launched an all-out attack on the BJP government for allegedly selling off the country's assets and PSUs to big industrialists.
Mamatha, a 'simple, hard working village girl', battled stereotypes, shaped her body and confidence to become one of India's top bodybuilders.
Hampshire-based De La Rue, which produces over 150 currencies around the world, faced production difficulties after employees allegedly falsified paper test certificates for the Reserve Bank of India, which has been its biggest client.
If you default, it will affect your credit score and your career.
The RBI on Friday said it will give banks Rs 1 trillion through targeted long-term repo operations (TLTROs), of up to three-year maturity, to deploy in "investment-grade corporate bonds, commercial paper, and non-convertible debentures over and above the outstanding level of their investments in these bonds as of March 27, 2020."
If net forex outflows turn out to be relatively high in the next few years, the rupee could depreciate beyond Rs 80 to a dollar by 2022. The causal reasons could, for example, include unmet expectations of FPI and FDI investors about the performance of the Indian economy, sharp rise in prices of imported oil and decrease in FX remittances. The RBI has to ask itself whether guaranteeing future rupee-dollar exchange rates on FX forward contracts is a reasonable way to use its risk-bearing capacity, says Jaimini Bhagwati.
Several Premier League clubs have furloughed employees since the new coronavirus outbreak while others, such as West Ham United and Southampton, have said their players have accepted wage deferrals. While CA announced plans to furlough almost 80% of staff last week, putting them on 20 per cent pay until June 30 when it is hoped more will be known about how long government curbs to control the coronavirus will last.
Formula One supremo Bernie Ecclestone could have 22 races jostling for a slot next season but teams have made clear they want the calendar limited to 20.
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
The Opposition National Conference and Congress lawmakers on Friday disrupted proceedings in both houses of the Jammu and Kashmir legislature, accusing the government of misleading people on the issue of transfer of power projects to the state, and created ruckus in the assembly as Speaker directed marshalling out of some members.
PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.
You can build your credit score and get tax benefit, but defaulting will make life difficult.
At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation.
'It is a package for a new self-reliant India.'
Spaniard Carlos Sainz will make a dream move to Ferrari next year, with Australian Daniel Ricciardo replacing him at McLaren, as Formula One's driver carousel took another big twirl on Thursday with the 2020 season yet to start. Ferrari said 25-year-old Sainz, who replaces four times World champion Sebastian Vettel alongside young Monegasque Charles Leclerc at the sport's most glamorous team, had signed for 2021 and 2022.
Managing your money in January will set the trend for rest of the year, says Adhil Shetty.
Currently, an IAS and IFS officer are accorded a pay advantage or financial edge.
Miffed MCA asks CoA for reasons for moving ODI to CCI
Meet the Indian-American deans, who have established their leadership and managerial skills taking up high-profile jobs at prestigious institutes.
The chairman of the committee, A K Mathur, sought abolishment of the two-year edge accorded to the IAS officers for empanelment, compared to other services, saying it was an 'archaic concept'.
'But an overthrow of the Afghan government would really embolden regional militant groups in a big way.' 'LeT and JeM could be emboldened, and prompted to replicate in Kashmir what the Taliban did in Afghanistan.'
The company also said the falling sales of General Motors India, the wholly-owned subsidiary of the US firm, were mainly because of customers' perception on the months-long uncertainty over the future of GM, which finally filed for bankruptcy protection in a New York Court on Monday.
Home buyers would be able to invoke Section 7 of the IBC against errant developers.
Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.
West Bengal and Maharashtra, despite having fewer public sector employees, are likely to face a higher burden of salaries and pensions.
Playing for Mumbai in the Vijay Hazare competition in October, 17-year-old Yashasvi Jaiswal scored 203 off 154 balls, which included 12 sixes and 17 fours against a Jharkhand attack that included out-of-favour India pacer Varun Aaron and Shahbaz Nadeem.
'They have a voracious appetite.' 'But there are many places where they go and they lose.'
In the last five years, the GDP growth rate was eight per cent. It was 6.7 per cent in 2008-09. Referring to the Foreign Trade Policy, announced on Thursday, the finance minister said India's major importers--US and EU--are facing problems, because of which Indian exports could be hit.
The Tamil Nadu Assembly on Friday passed a bill providing internal reservation of 10.5 per cent for Vanniyars, a most backward community in government jobs and in admission to educational institutions.
The government has already embarked on strengthening the tax net by sending letters to those who have not filed tax returns.
Even before Capitol Hill shocked the world's financial markets this week, the global economy was already mired in difficulties. And whether or not some version of the bail-out package gets passed in the near future, extricating it will be a real struggle.
Home loan borrowers perpetually worry about the consequences of defaulting. And whether they wish it or not, there could be situations where they are forced to do so. For instance, after the Mumbai bomb blasts on July 11 2006, a large number of affected families found themselves in deep financial trouble leading to difficulties in servicing their home loans
The Congress on Tuesday termed as rhetoric and hollow on specifics the prime minister's address to the nation, saying there was no mention of a financial package or concrete steps to revive the economy.
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