For long-term financial security, millennials must not only provide social security for their young families but also ensure that their financial burdens are not passed down to their families, says Casparus Kromhout.
Greenpeace has also launched a petition addressed to Prime Minister Manmohan Singh, which the organisation claims has been signed by over 21,000 people.
Pakistan's newly-elected President Asif Ali Zardari on Tuesday announced that he would not draw any salary during his tenure as part of his bid to help the cash-strapped country face the challenging economic hardship.
A bench of justices Sanjiv Khanna and Dipankar Datta told Additional Solicitor General SV Raju, appearing for the Enforcement Directorate, that the hearing on Kejriwal's plea against arrest is likely to take time and therefore, the court was considering hearing the probe agency on interim bail to him.
A nuclear liability regime would ensure compensation to the public in the event of an accident.
"In national interest, I wish to caution Prime Minister Dr Manmohan Singh that your dependence on Communist support will prove to be a liability for anything good you many wish to do," the BJP chief said.
In August 2021, Nick Read, chief executive of Vodafone Plc at the time, did not mince his words while speaking about the India business in an earnings call. Replying to an analyst's question on Vodafone Idea, a venture with the Aditya Birla Group that had piled on huge debts and worrisome losses, Read described it as a highly stressed situation that "they (Vodafone Idea) are trying to navigate... "We, as a group, try to provide them as much practical support as we can, but I want to make it very clear, we are not putting any additional equity into India.''
The first notice in the transaction relating to the sale of 67 per cent stake of Hutchison Essar Ltd was issued on March 15, 2007, under section 133(6) of the Income Tax Act.
Don't solely focus on tax-saving alone.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
In a relief to FMCG major Dabur, two of its foreign subsidiaries, Dabur International and Dermoviva Skin Essentials, have been removed as a defendant in multiple lawsuits filed in a US court over allegations that their hair-relaxer products caused ovarian cancer, uterine cancer and other related health issues. However, lawsuits filed against its third international subsidiary Namaste Laboratories LLC, would continue before the US District Court for the Northern District of Illinois, according to a statement from Dabur on Wednesday. Dabur International and Dermoviva were removed and got relief in the multiple suits due to lack of jurisdiction as they have not either manufactured, marketed, distributed or sold hair relaxer products in the US, it added.
Tillakaratne Dilshan is the batting Hercules of the Twenty20 World Cup which is staggering for a man who was a liability in the Sri Lankan side not too long ago.
Short-term government bonds fell behind longer-dated securities in demand this month so far due to a liquidity crunch in the banking system and expectations of a delay in a rate cut, said market participants. Investors have favoured longer-tenure government bonds, or g-secs, with insurance companies and pension funds leading the charge by stocking up on those with maturities of 30 years and more. Preference for longer-term securities was strengthened by the conclusion of the borrowing programme, which compelled institutional investors to fulfil their requirements in the secondary market.
Since employers can't furnish Form 16 in the middle of the year, they give Tax Computation Statement.
Third party claims are adjudicated by the constituted tribunals.
Kishore said the Congress and its supporters are bigger than any individual and Gandhi should not be stubborn that it must be him who will deliver for the party despite repeated failures.
India's civil nuclear liability regime has raised serious questions about the country's capacity addition programme. In an interview with Sanjay Jog, G R Srinivasan, former vice-chairman of the Atomic Energy Regulatory Board and currently principal associate-nuclear power business in GMR Energy Ltd, says the regime is tremendously unbalanced and may adversely affect the nuclear capacity addition programme.
Standard Chartered's India strategy will focus on wealth management while credit card will remain core to its business though will avoid competition with the country's private banks, said a senior executive of the British lender. "Our focus on wealth management and affluent clients are central to our existence. "We are strong in these areas and we want to grow in these areas.
'I can feel the master's pain, because he must be sitting there and cursing and saying, 'Why was I born?''
Paving the way for India to have nuclear commerce with the world, Parliament on Monday adopted a nuclear liability bill with the government insisting that the compensation package for victims matches that of the United States and it was still open to accommodate some suggestions.
Former Atomic Energy Regulatory Board chairman Dr A Gopalakrishnan makes a case against the nuclear liability bill.
Ahead of Prime Minister Manmohan Singh's visit to the United States, a controversy has broken out over the nuclear liability law with reports suggesting that an agreement will be signed which may not be in tune with the law.
Byju's founder Byju Raveendran on Saturday said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Raveendran said the rights issue, launched a month ago, has been successfully closed. "This was supposed to be a happy correspondence.
'Business families like the Godrej group are increasingly realising that an amicable settlement is better.' 'Else, the wealth of all shareholders gets destroyed.'
e of them requires MPs to follow the norms including the Code of Ethics, which mandates them not to take gifts that may interfere with honest and impartial discharge of their official duties.
The government is understood to be considering changes in the nuclear liability bill, including a proposal to drop a crucial clause that would compel a foreign nuclear supplier to provide for compensation in case of accidents due to wilful action or gross negligence.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The Bharatiya Janata Party and the Left parties have already indicated opposition to the Civil Liability for Nuclear Damage Bill that is key to operationalise the landmark Indo-US nuclear deal. The Bill pegs the maximum amount of liability in case of each nuclear accident at Rs 300 crore to be paid by the operator of the nuclear plant.
One of the biggest myths being propagated is that nuclear cooperation with the US is the answer to India's energy crisis, which in any case would not see the light of the day before 2016. Also Indian Parliament and citizens have been kept in dark about the cost of electricity from foreign-built nuclear power reactors.
India's large population can become a liability rather than an advantage as limited progress in human resources development has been made so far, Infosys chairman N R Narayana Murthy said.
Shashi Tharoor, who is in the midst of a controversy regarding his role in the Kochi Indian Premier League franchise, has become a liability for the Congress party.
The law officer said the money trail showed that Rs 45 crore "kickback" used in the Goa assembly elections came from four hawala routes.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The Delhi high court on Wednesday refused to grant interim relief to Chief Minister Arvind Kejriwal, arrested by the Enforcement Directorate (ED) in a money laundering case linked to the excise policy 'scam', saying the matter raises important issues that cannot be 'summarily' decided without seeking the agency's stand.
In August, the Reserve Bank of India Governor Shaktikanta Das held a meeting with chief executive officers/ managing directors (CEOs/ MDs) of large non-banking financial corporations (NBFCs). The discussions included diversifying borrowing sources for NBFCs and housing finance companies (HFCs) to contain increasing reliance on bank borrowing, risks associated with high credit growth in retail segment in unsecured loans, prioritising IT upgrades and cyber-security, improving provisioning, monitoring of stressed exposures and slippages, ensuring robust liquidity and asset-liability management, ensuring transparency in pricing, creating robust grievance redress mechanisms.
The Delhi high court on Thursday refused to grant Chief Minister Arvind Kejriwal any protection from coercive action in an excise policy-linked money laundering case.
Voicing "serious concern" over India's nuclear liability law, the United States on Friday said New Delhi could seek International Atomic Energy Agency's help in evaluating its legislation's compliance with the Convention on Supplemental Compensation.
Base metals major Hindalco's overseas subsidiary, Novelis, has submitted a draft registration with the US Securities and Exchange Commission (SEC) for the proposed public offering of promoters' shares. Novelis' sole shareholder, AV Minerals (Netherlands) NV, is a 100 per cent subsidiary of Hindalco. Novelis would not receive any proceeds from the sale. Assuming SEC clearance could go through in about 6 months.
When AS-15 became operative in 2006, the initial estimate for additional pension provisioning was estimated at Rs 6,000 crore. However, the latest wage revision may bring in an additional 275,000 bank employees who opted for PF. Banks may also provide for the pension liabilities of 65,000 employees who have retired but have been seeking resort to the defined pension scheme since 1996. This will require additional provisioning of Rs 6,000 crore.
The finance ministry on Thursday sought to clarify that there was no distress in household savings and the data indicated that changing consumer preference for different financial products was the real reason for the change in the pattern of household savings. The clarification comes in the backdrop of Reserve Bank of India data showing that household net financial savings rate is at its lowest in decades, at 5.1 per cent of GDP in FY23 compared to 7.2 per cent of GDP in FY22. The divergence in the data for household gross financial assets and liabilities is not a cause for concern for the government, as the loans have largely been taken to buy real assets or automobiles, the finance ministry said.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances