Given that a sizeable part of this money is part of the coveted current accounts and savings accounts, it is surprising that banks are not in a hurry to revive these accounts, notes Tamal Bandyopdhyay.
A deep dive into Trump's new policy and what it means for Indian professionals and companies.
Private-sector lender Federal Bank on Friday announced that New York-based Blackstone will invest Rs 6,196.51 crore in the bank through its affiliate Asia II Topco XIII Pte Ltd via a preferential issue on a private placement basis.
The Supreme Court on Monday said citizens must know the value of the right of freedom of speech and expression, and exercise self restraint as it mulled guidelines to regulate offensive social media posts.
'India has experienced any number of doctors, engineers, and individuals from professional backgrounds being implicated in terrorism. This is not a novel development.' 'These are mobilisations of opportunity. One does not exclusively associate with one's own kind. A comprehensive conspiracy requires diverse skill sets.' 'One needs individuals with local community contacts, those possessing physical capabilities, technical expertise -- an entire spectrum of capacities.'
Bangladesh's top legal official has proposed to remove the words 'secularism' and 'socialism' from the Constitution apart from a provision prescribing capital punishment for regime change through extra-constitutional means.
The Unified Pension Scheme (UPS) adoption rate has risen to over 4.35 per cent, with more than 100,000 people out of 2.3 million eligible individuals opting for it, Pension Fund Regulatory and Development Authority (PFRDA) chairman S Ramann said in an exclusive interview with Business Standard on Monday. He also said that six states had approached the PFRDA for help in adoption of the scheme.
A court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know of the development said.
AI will erase outsourcing jobs, redefine skills and disrupt global giants within five years, predicts Vinod Khosla. The IT legend urges young people to become generalists: Adaptable thinkers who can learn quickly, connect dots across disciplines and shift careers as technologies evolve.
Creating a powerful new chief of defence forces has split the Pakistan military into four competing factions, points out Rana Banerji, who headed the Pakistan desk at RA&W.
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
Whenever possible, the karta or head of the family should openly discuss the future distribution of movable and immovable property with all legal heirs.
'There have been multiple cases of people being shot for pulling into someone's driveway because they made a wrong turn or ringing the wrong bell because they made a mistake.' 'That is also the pathway to fascism.' 'The way you divide people is to make them fear each other. Then a strong man can come in and say, "I will protect you".'
'Instead of the government and telecom operators solving the mess of their own creation, they're telling us we need to give access to our phones perpetually.'
Authorities have demolished a 128-year-old mosque in Assam's Dibrugarh to construct a drainage system for solving the waterlogging problem in the town, officials said on Thursday.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
The Securities and Exchange Board of India (Sebi) has planned a slew of further relaxations to facilitate easier registrations of foreign portfolio investors (FPIs), including a common know-your-client (KYC) and smoother documentation through India digital signature.
'I'm looking at it as a chance to play international football, to represent India, and to hopefully inspire other players with a similar background to me, to show them that they can come to India and do the same thing.'
Patel emphasised that one of the most important features of the bill is the establishment of a dedicated tribunal for resolving disputes, reducing the burden on the judiciary and ensuring quicker justice.
'We want to clear these pending refunds so that no issues arise once the new I-T Act takes effect.'
'Our politics is transparent -- it's about ensuring farmers don't die by suicide, about ensuring agriculture remains viable, about ensuring food security for the nation.' 'If that's politics, then yes, we do politics.'
For 62-year-old Raj Vir, who was exonerated on Thursday in a case registered under the Gangsters Act, justice did not come swiftly.
The Supreme Court has raised concerns about the lack of oversight in the monitoring of CCTV cameras installed at police stations across India, suggesting a need for AI-driven, intervention-free control rooms.
'The quality of justice is directly linked to the quality of judges -- if that suffers, justice delivery suffers.'
The Supreme Court of India has emphasized the importance of conducting day-to-day trials, especially in sensitive cases, to ensure speedy justice as guaranteed by Article 21 of the Constitution. The court has directed high courts to form committees to address trial delays and revert to the practice of continuous trials.
'If the Trump administration could gain access to the nuclear weapons, they would be satisfied -- at least they could control them.'
Many buyers skip or misread critical provisions in builder-buyer agreements.
A quiet but consequential power struggle has erupted within the storied 156-year-old Tata Trusts just a year after the death of group patriarch Ratan Tata on October 9, 2024.
'You can't make art with a point of view of fear. You have to present the truth.' 'That's why such films are not being made these days.' 'You never put the truth in the script because you fear you might offend somebody.'
'... Rahul Gandhi's name came to my mind at that time.'
Former Mumbai police commissioner A N Roy expressed shock over the Bombay High Court's acquittal of all 12 accused in the 7/11 train blasts case, defending the police investigation and expressing confidence in an appeal to the Supreme Court.
'If the BJP seriously addresses employment, examination integrity and systemic corruption, they might salvage their position. Otherwise, they are heading toward serious trouble in 2027.'
The Supreme Court has scheduled a hearing for November 12 to address the statutory age of consent for adolescents, emphasizing the need for a continuous and comprehensive examination of the issue. The Centre defends the current age of consent, while an amicus curiae suggests lowering it.
West Indies cricket has been rocked by allegations of sexual abuse against an unnamed current player and the team's head coach Darren Sammy has called for justice to be served.
The data compiled by the National Crime Records Bureau showed that the crime rate in 2023 stood at 39.9 per one-lakh child population, in comparison to 36.6 in 2022.
'Always keep accurate and transparent records of the source of the investment or property's funding: Loan agreements, transfer records of the property, and bank statements of co-owners if available.'
'I don't think it is going to be easy for India to get him back.'
Medical negligence arises when a medical professional deviates from reasonable standards of care, causing injury to the patient.
The Supreme Court dismissed Allahabad High Court judge Yashwant Varma's plea seeking invalidation of a report that found him guilty of misconduct in the cash discovery row.
'As one of many immigrants at Nvidia, I know the opportunities we've found in America have profoundly shaped our lives.'
