'I wonder if they will keep it up after the elections.' 'I fear they'll start questioning eligibility -- income, age, bank accounts -- and eventually stop the scheme altogether.'
Reserve Bank Governor Shaktikanta Das on Monday said despite the latest headwinds arising from the Jackson Hole summit leading to extreme volatility, our banking system and financial markets are strong enough to withstand such pressures. Taking the markets by surprise, US Fed chair Jerome Powell had told the annual Jackson Hole summit of central bankers and economists last week that he would have to keep raising federal fund rates to tame inflation, which remains the biggest challenge to the world's largest economy. He also warned of the pains that such monetary policy actions would create on growth and jobs.
Prime Minister Narendra Modi Friday said the Congress stands 'badly exposed' in front of people for promising to them what the party knows it will never be able to deliver.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
Pharmaceuticals major Mankind Pharma reported a 21 per cent year-on-year (Y-o-Y) increase in net profit, with revenue rising by 12 per cent Y-o-Y in the second quarter of the financial year 2024 (Q2FY24) in a regulatory filing lrecently.
Nitin Desai, who has known Dr Singh from 1971, extends his 'deepest condolences to his wife Gurcharan Kaur and to his three talented daughters Upinder, the historian; Daman, the writer; and Amrit, the human rights activist.'
'They take care of the problem: How can I ensure my child's education and other goals are not compromised, even if I am not around?'
Before heading abroad, ensure your travel insurance policy offers all essential coverage and has an adequate sum insured.
Considering the competition, engineering aspirants should ideally consider taking a minimum of five to seven entrance exams to maximise their chances of success and broaden their options when it comes to college, says rediffGURU Nayagam PP.
'In India, managers and the leadership almost glorify overworking.'
Benchmark Sensex rose by nearly 91 points to close at a fresh lifetime high while Nifty settled above the 25,400 level for the first time supported by firm global trends ahead of the much-awaited US Fed's decision on interest rates. Extending its record-setting spree for the second day, the 30-share BSE Sensex climbed 90.88 points or 0.11 per cent to settle at a lifetime high of 83,079.66. During the day, it rose by 163.63 points or 0.19 per cent to 83,152.41.
World Athletics boss Sebastian Coe is quite aware that cricket is nothing short of "religion" in India but he feels it shouldn't be viewed as a "roadblock" for other sports
Prime Minister Narendra Modi on Sunday accused Delhi's Aam Aadmi Party government of wasting a decade fighting with the Centre and urged its people to give the Bharatiya Janata Party an opportunity to turn the national capital into a city of the future.
The Pune office of Ernst & Young (EY), in news after the death of a woman CA, was functioning since 2007 without a license under the Shops Act, which stipulates employees' welfare among other conditions, an official said on Wednesday. This is a violation of norms. A notice will be issued to the firm and based on its response, further action will be initiated, the official from the Maharashtra labour department said.
The government is likely to introduce a bill seeking amendments to the Insurance Act, 1938, during the upcoming Budget session to achieve 'Insurance for All by 2047'. Some of the provisions, which could be part of the amendment bill, include composite license, differential capital, reduction in solvency norms, issuing captive license, change in investment regulations, one-time registration for intermediaries and allowing insurers to distribute other financial products, sources said.
Apollo Hospitals Enterprise (APH) delivered an in-line performance for the April-June quarter of the financial year 2024-2025 (Q1FY25)with growth in the number of patients. AHLL (Apollo Health & Lifestyle), a subsidiary, posted sales growth and profitability. APH also reduced operational costs at Healthco.
Hours after a fire claimed the lives of at least 10 newborn children in Jhansi district, the Uttar Pradesh government on Saturday announced a financial assistance of Rs 5 lakh each to the parents of the deceased, an official said.
Criticising the police for arresting an SUV driver and blaming him for the incident, the high court said, "Mercifully, you have not challaned the rainwater for entering into the basement."
Goods and Services Tax (GST) collections in September, in gross terms, were at Rs 1.73 lakh crore, with a yearly jump of 6.5 per cent, according to data from finance ministry released on Tuesday. In September 2023, the total collection was to the tune of Rs 1.62 lakh crore. CGST, SGST, IGST, and cess all increased year-on-year in September, official data made available on Tuesday showed.
Since January 2021, the inflation rate in health has stood in the range of 6.08-8.44 per cent.
Test cricket remains the pinnacle of the game, Cricket South Africa (CSA) said after it was criticised for selecting a second-string squad featuring seven debutants for the country's two fixtures in New Zealand next month.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
According to a recent CareEdge Ratings report, Bangladesh accounts for around 50-60 per cent of India's total medical tourism inflow
The indebtedness of Indian companies has had an adverse impact on the economy's investment climate apart from weakening their performance and seriously impairing the financial health of the banking sector. Unless both the problems are resolved, there is little chance of reviving investment and boosting growth on a sustainable basis, says A K Bhattacharya.
In recent times, more and more audit firms have challenged company managements, some going to the extent of resigning on the ground of incompatibility with what the management wanted or was doing. This, said Ajay Bhushan Pandey, chairman of the National Financial Regulatory Authority (NFRA), in a media interview, was a good sign. Now, the national accounting watchdog has turned the spotlight on audit firms themselves.
If the cashless request is denied, the entire cost may need to be paid for planned treatments.
"There is a limit when it comes to tolerating abusive behaviour or working styles. Many (employees) find ways to quit," says career coach and rediffGURU Pradeep Pramanik.
Don't solely focus on tax-saving alone.
No great achievement or discovery or invention has been achieved without hard work. While the inspiration may have been an insight, it needs work to flesh the insight which requires hard work, asserts Mudit Jain.
Domestic institutional investors (DIIs) have infused a record Rs 4.6 trillion into Indian equities over the course of Samvat 2080, marking the highest net annual investment in any Samvat to date. This robust domestic inflow has effectively counterbalanced the comparatively subdued investments from foreign portfolio investors (FPIs), who contributed a net Rs 90,956 crore within the same timeframe. Against this backdrop, the Nifty 50 and BSE Sensex indices are on track to achieve their best performance in three Samvat years, despite recent market corrections.
Make children realise that money is earned through hard work and used to buy necessary things.
Have a calm conversation with your parents, expressing your feelings for your boyfriend while being open about the current situation between the two of you. Sometimes, parents worry because they don't know the full picture, says rediffGURU Kanchan Rai.
The Centre is considering a proposal on increasing coverage under the Ayushman Bharat scheme to Rs 10 lakh from the current Rs 5 lakh.
The investigators are unable to join several dots due to lack of evidence from the crime scene.
Shah, while releasing the saffron party's manifesto 'Sankalp Patra' for the upcoming assembly elections in Jharkhand, announced that a Displacement Commission would be formed to ensure rehabilitation of people displaced by industries and mines in the state.
The chief minister said such representatives will not reject claims of families in case any document is missing and will only facilitate the process.
Although no fresh arrests were reported in the case, the Central Bureau of Investigation continued with its questioning of top officials of the RG Kar Hospital.
The agency has slapped Section 120B of IPC (criminal conspiracy) read with Section 420 IPC (cheating and dishonesty) and Section 7 of Prevention of Corruption Act, 1988 (amended in 2018) which covers unlawful acceptance of gratification by a public servant.
How to use the credit card is more important that the credit limit of the cards or how many you possess.
'A mid-year review makes the end-of-year financial review manageable and less stressful.'
