Prime Minister Narendra Modi on Thursday said India has become the fifth largest economy in the world and this is not an ordinary achievement. "Every Indian is feeling proud of it. We need to maintain this enthusiasm," Modi said. He was virtually addressing beneficiaries of various government schemes and those present at a mega medical camp organised in Olpad area of Surat city in Gujarat, where the Assembly polls are due later this year.
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Debit card payments remained sluggish due to the surge in digital transactions after the pandemic, and the Unified Payments Interface (UPI) has emerged as the most popular mode of money transfer, particularly for small value transactions, according to RBI data. In July 2020, the total debit card spends stood at Rs 2.81 trillion, as compared to Rs 3.15 trillion in July 2023, reflecting a growth of 11.96 per cent. UPI spends have seen a whopping growth of 428 per cent, zooming from Rs 2.90 trillion to Rs 15.33 trillion during the same period, the data revealed.
Mutual funds (MFs) are betting on a turnaround in the healthcare sector to boost returns but are divided on the prospects of the information technology (IT) sector amid uncertain growth outlook. At the end of June, all of the top 20 fund houses were overweight on the healthcare sector vis--vis the sector's presence in the BSE 200 index, shows a report by Motilal Oswal Financial Services (MOFS). In the case of the IT sector, only six of the 20 fund houses had overweight positions.
The mutual fund (MF) industry has seen a fair number of new entrants in the last 10 years but none of them have proved to be much of a challenge for the larger players. The list of top 20 fund houses, which manage over 90 per cent of the industry's total assets, continues to be dominated by players who have been in the business for more than a decade. Bajaj Finserv MF may change that, say experts.
Is it a case of poor targeting of a welfare scheme, or is it a reflection of the government's desire to expand the scope of this benefit to secure greater electoral dividends? asks A K Bhattacharya.
Rajnath Singh believes it would be naive to see disengagement of the armies from the LAC as the end of the trouble. The defence minister has urged the defence forces to be ready for a long haul
As the Indian version of The Archies gets ready to hit OTT, Deepa Gahlot picks 10 interesting college-and-youth-oriented shows on OTT.
The police have arrested 10 persons, including a Bajrang Dal member, for allegedly vandalising the Congress's office in Jabalpur, Madhya Pradesh, during a protest against the party's poll promise in Karnataka to act against the right-wing outfit, an official said on Friday.
Finance Minister Nirmala Sitharaman on Wednesday said the National Rural Livelihood Mission has achieved remarkable success by mobilising rural women into 1 lakh SHGs (self help groups).
Opposition members trooped into the Well, resorting to high-decibel sloganeering.
The ruling Congress is seeking to retain power in Chhattisgarh by banking on the welfare schemes of the Bhupesh Baghel government, while the Bharatiya Janata Party is hoping to corner it on the issues of alleged corruption, religious conversions and unfulfilled poll promises.
He may have spent his entire adult life in diplomacy, but doctorate in nuclear physics Subrahmanyam Jaishankar's face betrays both fusion and fission of his moods.
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This is the first Budget in Amrit Kaal, she said.
'An expanding army, rising salaries due to the 7th pay commission, and raised pensions due to OROP are consuming money at the cost of badly needed bulletproof jackets, rifles, artillery, submarines, warships and fighter aircraft,' notes Ajai Shukla.
Haryana Bharatiya Janata Party leader Birender Singh on Monday threatened to quit the party if does not sever ties with the Jannayak Janta Party, which he accused of indulging in rampant corruption in the state.
In her first address to the joint sitting of Parliament as the Budget session began, she said 'Amrit Kaal', described by the government as the 25-year period culminating in the centenary of India's independence, is the time to build an India which is 'aatmanirbhar' (self reliant) and also fulfils its humanitarian obligations.
The government on Tuesday announced a Rs 200 per cylinder cut in prices of domestic cooking gas as it looked to counter the cheaper LPG promise of the Congress in upcoming assembly elections in states like Madhya Pradesh.
Modi to receive Lokmanya Tilak National Award, constituted by Tilak Smarak Mandir Trust in 1983, to honour the legacy of Lokmanya Tilak
Elections may be a few months away, but the government may get into election mode much earlier than that, predicts A K Bhattacharya.
Modi's BJP has promised more revdis or freebies for these assembly elections than ever before, points out N Sathiya Moorthy.
Capital gains exemption limit and a steep reduction in the highest surcharge will empower the masses with enhanced liquidity flow that can be invested in real estate, points out Dhaval Ajmera.
What some of our leaders were up to on over the weekend.
Singh conveyed to Li that India wants to improve relations with China but it can happen only after peace and tranquillity are restored at the border, the sources said.
Finance Minister Nirmala Sitharaman on Tuesday announced allocation of whopping Rs 48,000 crore for completion of 80 lakh houses under the Pradhan Mantri Awas Yojana (PMAY), both rural and urban, during the next fiscal year. In her budget speech, the minister said: "In 2022-23, 80 lakh houses will be completed for the identified eligible beneficiaries of PM Awas Yojana, both rural and urban. Rs 48,000 crore is allocated for this purpose." The Centre would work with states for reduction of time required for all land and construction related approvals, for promoting affordable housing for middle-class and Economically Weaker Sections (EWS) in urban areas, she said.
He said the people of the state took a historic decision in 2003 by removing the government of "Mr Bantadhar", apparently referring to senior Congress leader and former chief minister Digvijaya Singh.
Skipper Mayank Agarwal hit a double century to help Karnataka post 407 in their first innings
The prime minister will be part of the launch of several development initiatives on his birthday.
Shaw continued from his unbeaten 240 from overnight and brought up his triple ton.
Authorities in Nuh district Sunday razed some illegal structures including a hotel from where stones were allegedly pelted on a religious procession last week, even as a mahapanchayat was held in support of four men arrested over arson at a mosque and the death of its junior imam.
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
Trade generic drugs (medicines that are sold directly through distributors) are fast becoming a key segment for domestic pharma firms as volume growth slows in the overall market. Big companies like Cipla and Alkem have a significant presence in the segment but recently, players like Torrent Pharmaceuticals and Dr Reddy's Laboratories (DRL) have also entered this market. What is driving big pharma's focus on trade generics? The volume growth in the Indian Pharma Market (IPM) has come down from 5.6 per cent in FY16 to 0.1 per cent in FY23.
United Nations Secretary-General Antonio Guterres seems startled by the Pradhan Mantri's proximity-propinquity as he arrives at the Scottish Exhibition Centre to attend the World Leaders Summit, COP26, in Glasgow, Scotland, November 1, 2021.
Modi also virtually flagged off a new train between Antagarh in Kanker district and Raipur and kickstarted the distribution of cards of the Centre's Ayushman Bharat scheme to beneficiaries in the state.
'It is the government's most important duty to ensure that when war breaks out, the armed forces are absolutely ready to face the adversary -- well equipped, well trained and in high spirits,' says Brigadier Gurmeet Kanwal (retd).
The reports also claim that the same beneficiary had been found to avail treatment at two hospitals at the same time.
North East were 65 for 2, 475 runs in arrears, when bad light and rain forced an early closure to their first dig on Thursday.
Capturing the shades of India on Monday, February 20, 2023.
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