'It is important to understand that the disability is not in the person.' 'The problem lies in societal attitude and the discriminatory treatment given to disabled people in our country.'
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
US Commerce Secretary Carlos Gutierrez has said that with the signing of the historic and landmark US-India civilian nuclear deal it is now imperative that India move quickly to enact nuclear liability protection to envisage the private sector of both countries to engage in business.
Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, finds itself in a bind as the Directorate General of GST Intelligence (DGGI) has issued multiple Show Cause Notices (SCNs) amounting to Rs 922.6 crore. This development comes at a time when Reliance Capital is currently undergoing a debt resolution under the National Company Law Tribunal (NCLT) process in which the Hinduja group has emerged the winner. The Hinduja acquisition is currently awaiting the Supreme Court's approval after the Torrent group, the winner of the first round, challenged the second auction conducted by the lenders of Reliance Capital.
The securities regulator's approval for the first US-listed exchange traded funds (ETF) to track bitcoin has given Indian cryptocurrency companies hope that the move would create domestic support for the digital assets. The US Securities and Exchange Commission (SEC) on Thursday approved 11 ETFs for bitcoin, perhaps the most popular virtual currency. It would enable investors to access bitcoin without challenges such as setting up wallets or accounts with crypto exchanges that have previously suffered cyberattacks or implosion.
India's largest PSU bank, State Bank of India, delivered excellent results, once the impact of a big jump in employee expenses was adjusted for. The net interest income (NII) beat the Street due to a better net interest margin (NIM) and good loan growth. The credit growth at 5.2 per cent quarter-on-quarter (Q-o-Q) (15 per cent year on year) was excellent for a large bank.
The government on Thursday claimed it was so far under no liability to honour claims worth over a billion dollars raised by overseas lenders and minority shareholders of the controversial Dabhol power plant.
'The barbell strategy says that the best way to strike a balance between risk and reward is to invest at the extremes of the risk spectrum.'
India on Thursday firmly ruled out any change in the civil nuclear liability law notwithstanding repeated concerns expressed by countries exporting atomic equipments over compensation claim in the event of an accident.
Years before the Supreme Court struck down as 'unconstitutional' an opaque political funding tool that allowed individuals and companies to donate money to political parties anonymously and without any limits, the then finance minister Arun Jaitley -- the prime mover of electoral bonds -- had termed them legitimate and transparent.
rediffGURU Mihir Tanna answers your income tax queries.
Bharti Airtel on Monday posted a 54 per cent jump in consolidated net profit to Rs 2,442.2 crore in the December quarter, mainly on account of growth in high value customers. Airtel prepaid mobile customers are required to pay at least Rs 155 for about a month-long service as the company had raised rates by 56 per cent in January 2023. Bharti Airtel managing director Gopal Vittal has indicated a need for further increase in mobile services rates.
India's Civil Nuclear Liability Bill will not have an immediate adverse impact on Indo-Russian cooperation in atomic power generation, but Russian contractors would not like to see safety issues raise their project costs. Director for the Centre of Energy and Security Studies and Editor-in-Chief of the Nuclear Club magazine Anton Khlopkov said the legislation passed by the Indian Parliament "is raising concerns in Russia".
The Parliamentary Standing Committee on Science and Technology, which has held marathon deliberations on the controversial Civil Liability for Nuclear Damage Bill 2010, is expected to present its report to Parliament on August 9.
"India has ratified Radiation Protection Convention, 1960 of the International Labour Organisation (ILO) but its provisions have not been complied with. It is yet to ratify ILO's Occupational Cancer Convention, 1974 which is concerning Prevention and Control of Occupational Hazards caused by Carcinogenic Substances.
Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.
In a consultation paper issued on Tuesday, the department of industrial policy and promotion sought comments on whether FDI should be restricted to LLPs operating in sectors without any investment caps, conditionalities or entry route restrictions.
After the latest rout, the American depositary receipt (ADR) premium of HDFC Bank to its local shares has shrunk to nearly zero. Shares of HDFC Bank on Thursday fell 3.1 per cent to Rs 1,490, extending its two-day decline to 11 per cent. Meanwhile, the ADR has slumped over 15 per cent in the past two trading sessions.
Top golfer Gaganjeet Bhullar lodged a complaint against Emirates Airlines for delaying his bags, which he said affected his game. Jehangir Gai tells us what happened next.
South Korean auto giant Hyundai Motor Company is considering tax implications of listing its Indian unit before taking a final call, according to sources privy to the development. Hyundai Motor is mulling an initial public offering (IPO) for its Indian arm to raise around $3 billion (at a valuation of up to $30 billion), and talks are in the early stages between the company and bankers, banking sources revealed. Hyundai Motor India Ltd (HMIL), however, declined to comment on the development.
The Civil Nuclear Liability Bill is likely to come up for consideration in Parliament on Wednesday
'The stabilisation of interest rates followed by reduction is going to happen over the next year.'
The loss followed a massive fraud allegedly committed by Shivaraj Puri, a relationship manager at the bank's Gurgaon branch.
Maintaining that no tax liability arises from its $11 billion buyout deal with Hutchison in 2007, UK-based telecom major Vodafone today said it would continue to "vigorously" pursue the case in the Indian court.
If implemented, the central government's proposal to hike the age of retirement of its employees from 60 to 62 will defer by two years its pension liabilities of around Rs 14,749 crore (Rs 147.49 billion), according to the Invest India Economic Foundation (IIEF).
The US said on Wednesday that the Indian Parliament needed to act upon the "critical" nuclear liability bill to take forward the Indo-American nuclear deal, which had reached "almost the finishing line".
Russia's global nuclear project company Atomstroyexport, which is building two 1000 MW reactors in Kudankulam, said the "complex issues" need to be addressed before firming up contracts for setting up two more atomic power plants.
The scarcity of resources is particularly evident in the case of Rajasthan compared to many other states.
While terming the Nuclear Liability Bill as beneficial for the country's atomic power generation, the Samajwadi Party on Wednesday said it wanted the bill to be vetted by a select committee of all parties before it is introduced in Parliament as it has several loopholes.
Yet another first week of December brought familiar scenes of rain, storm, flooding, power outages, and fallen trees. When Cyclone Michaung wreaked havoc, leading to the heaviest rainfall in 47 years in the city, residents of Chennai drew parallels to the devastating floods of 2015. However, initial data on insurance claims suggests that the impact this time may portray a more optimistic scenario.
'You cannot have only one product or one market or one customer segment.'
Additional Solicitor General SV Raju, representing the two probe agencies, told a bench of Justices Sanjiv Khanna and SVN Bhatti he has instructions to state that the agencies are considering making AAP an accused, invoking legal provisions on "vicarious liability" under the anti-corruption law and section 70 of the Prevention of Money Laundering Act.
There is an urgent need for a Joint Parliamentary Committee to examine the current liability regime besides a high-powered trans-disciplinary independent experts committee to study the issue, says Gopal Krishna.
After agreeing with the Congress on changes in the Nuclear Liability Bill, the Bharatiya Janata Party on Thursday opposed an amendment carried out in the final report of the Standing Committee, saying it dilutes provisions relating to supplier's obligations in case of an accident. The party has made it clear that if the government does not drop its proposed amendment, which it considers as harmful, it would itself move an amendment.
Finance Minister Pranab Mukherjee's meeting with BJP top brass L K Advani, Leader of Opposition in Lok Sabha Sushma Swaraj, her counterpart in Rajya Sabha Arun Jaitley on Tuesday ended on a positive note with both sides reaching a consensus on most issues in the draft bill.The Parliamentary Standing Committee finalised its report on Nuclear Liability Bill. The Compensation cap raised from Rs 500 crore to Rs 1,500 crore.
Anamika Pareek explains the advantages of investing in tax-saving options like the equity-linked savings schemes.
The banking regulator was uncomfortable with the runaway pace at which consumer credit was growing.
India, on Sunday, categorically ruled out any change in the Nuclear Liability Act as a precursor to United States President Barack Obama's maiden visit to India that begins on November 5.
The Parliamentary committee examining the controversial nuclear liability bill is expediting work to enable submission of its report to the Rajya Sabha during the monsoon session that begins on July 26.
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