'When you think of cross-border payments, the first things that come to mind are risk, compliance, taxation, speed, and cost.'
Maharashtra Minister Chhagan Bhujbal opposes including Marathas in the Other Backward Classes (OBC) quota, citing limited reservation available for existing OBC communities and warning of potential protests if their share is reduced.
'If the Trump administration could gain access to the nuclear weapons, they would be satisfied -- at least they could control them.'
Opposition-ruled states warn of steep annual losses; Centre assures higher consumption will offset revenue hit.
Political tensions rise in Maharashtra as OBC, SC, and ST groups express concerns over a government resolution on the Maratha quota. Chief Minister Fadnavis cautions against divisive politics, while Sharad Pawar accuses the government of weakening the social fabric.
The Maharashtra government on Tuesday announced forming a committee to issue Kunbi caste certificates to Maratha community members with historical evidence of their Kunbi heritage, a social group classified as an OBC in the state.
'An asset must generate income. Equities yield dividends, bonds pay coupons, deposits give interest, and real estate earns rent.' 'Gold, silver, and even Bitcoin produce no income, they merely store value. So, they should not be compared to productive assets.'
Maharashtra Chief Minister Devendra Fadnavis praised activist Manoj Jarange for ending his fast regarding the Maratha quota demand, highlighting the government's commitment to the Maratha community's welfare.
'To encourage the habit of saving, a portion of the incentive will be kept in a savings instrument of deposit account for a fixed period and can be withdrawn by the employee at a later date.'
NCP leader Chhagan Bhujbal to challenge Maharashtra government's order expediting Kunbi caste certificates for Marathas, citing concerns from OBC leaders and seeking legal opinion on the government's authority to change people's caste.
Entities controlled by governments - sovereign wealth funds, and pension funds - have recorded higher growth in equity assets under custody compared to other foreign portfolio investors (FPIs) over the past five years.
Maharashtra Chief Minister Devendra Fadnavis on Sunday said the Maratha quota GR will not affect the rights of the Other Backward Classes and asserted that 'bogus' persons would not be allowed to avail benefits meant for the segment.
Some of the key names include: Maruti, M&M, Ashok Leyland, Britannia, Ultratech, JK Cement, Havells, Voltas, Amber, Metro, Trent, LemonTree, Indian Hotels, Niva Bupa, HDFC Life, IGL, Acme Solar, Suzlon, Swiggy, Delhivery, ICICI Bank, HDFC Bank, Bajaj Finance, Shriram Finance," according to a report by Motilal Oswal Financial Services.
Finance Minister Nirmala Sitharaman on Thursday asked India Inc to take advantage of the policies and reforms undertaken by the government and no longer hesitate to invest more and expand capacities. Sitharaman also asked the industry to partner with the government for skilling the youth and also to engage with the government throughout the year, and not just before the Budget.
'...then preparing oneself for the long haul is also essential.' 'Identifying and holding onto values gives you strength to withstand the difficulties enroute.' 'Taking care of your physical, mental, and intellectual well-being gives you the strength to stay the path.'
Gor, 38, was among 107 nominees confirmed by the Senate in a single en bloc vote on Tuesday, with 51 senators voting in favour and 47 against.
With gains of over 28 per cent, Hero MotoCorp has emerged as the best-performing largecap automotive stock over the past three months. The rally has been driven by an improved outlook for the rural segment, higher demand during the ongoing festival season, and rising affordability following cuts in goods and services tax (GST) rates.
Indian graduates face tougher English tests, shorter post-study stays, higher costs and stricter settlement rules as Britain rolls out sweeping immigration reforms.
Prime Minister Narendra Modi launched a sharp critique of the RJD, emphasizing the hardships faced by women in Bihar under its governance. He highlighted the current government's initiatives for women's empowerment and urged them to prevent the RJD's return to power.
Speaking at the 'Samudra se Samruddhi' event, where he inaugurated and laid foundation stones of projects worth Rs 34,200 crore, Modi said all the problems of India have only one solution, and that is self-reliance.
The Social and Educational Survey, known as 'caste census,' is underway in Karnataka, facing technical glitches and server issues. The survey, conducted by the Karnataka State Commission for Backward Classes, aims to gather data on caste and social status across the state.
The Bombay High Court has issued notices to those acquitted in the 2008 Malegaon blast case, following an appeal by victims' families, raising questions about the investigation and seeking convictions.
The Congress party has accused Union Minister Nitin Gadkari of conflict of interest, alleging his sons' companies have benefited from the government's ethanol blending policy. The BJP has rejected the allegations.
'We are ready to exchange views with the government, primarily through video call.' 'The government should immediately declare a formal ceasefire for a month, stop search operations and take forward the peace process.'
New lower GST rates kicked in from Monday, resulting in a slashing of prices of as many as 375 items ranging from toothpaste and shampoo to cars and television sets, a move seen as an attempt to boost consumption to cushion an economy facing tariff headwinds. Tax rates of 5, 12, 18, and 28 per cent have been clubbed into two rates of 5 per cent and 18 per cent, resulting in a reduced price of 99 per cent of daily use items.
With lower GST rates taking effect, fast-moving consumer goods players face challenges in setting reduced prices for their products in round figures, but expect the magical price points to be restored within two months.
Prime Minister Modi urged the people of the country to take pride in selling and buying indigenous goods.
'It takes time and the experience of a few market cycles to develop awareness about one's true risk appetite.'
Quota activist Manoj Jarange demands the Maharashtra government implement a GR for issuing Kunbi caste certificates to Marathas before September 17, threatening further action if the deadline is missed.
'Raj Thackeray is working at the behest of Chief Minister Devendra Fadnavis.'
'It must become faceless, just as the entire direct tax assessment system has already become fully online, without any human intervention in the normal course,' recommends A K Bhattacharya.
Global rating Moody's on Monday affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at 'Baa3' with a 'stable' outlook on the back of robust economic growth and sound external position. The rating agency also affirmed India's other short-term local-currency rating at P-3.
'Only because of the absence of a dedication record in writing, how can such properties be treated as located on misappropriated government land?'
India's brittle energy security is inextricably linked to two opposing paradigms - fossil fuels, and the transition to green energy. The first powers the present; the second paves the way for Viksit Bharat in 2047.
'It flows through families, caste groups, and local WhatsApp communities where trust is personal.' 'Children are taught to defer to elders, so if a parent or uncle forwards something, you don't question it.'
The proposed reforms in goods and services tax (GST) announced by the government last week, coupled with the eighth pay commission dole-out, is likely to push consumption-driven stocks - such as air conditioners (ACs), select automobiles, fast-moving consumer goods (FMCG), retail, and counters of quick-service restaurants (QSRs) - into higher orbit over the next few months, believe analysts.
'Initiatives such as the Young Professionals Scheme also offer young graduates the chance to live and work in the UK after gaining experience.'
Goldman Sachs is bullish about Indian aerospace and defence, preferring private companies over public sector units (PSUs) as the country ramps up its export target for the sector to Rs 50,000 crore by FY29 from Rs 23,600 crore last year. The American investment bank's top 'buy' recommendations include Solar Industries, Bharat Electronics, Data Patterns and PTC Industries, while Bharat Dynamics is rated 'sell'.
Spreading risks in sourcing raw materials for electric vehicle (EV) manufacturing is "very critical" and the government can play a key role by enabling access to these from multiple locations worldwide, said Vivek Srivatsa, chief commercial officer at Tata Passenger Electric Mobility, on Friday while stressing the need for faster localisation, especially of batteries.
The FIR, filed in December 2022 by M G Nagaraja, alleged that the 24-year-old Paris Olympian, along with his brother Chirag Sen, had fudged their age to get into playing age-group tournaments since 2010.
