The stellar rise in corporate earnings in financial year 2021-22 (FY21) and FY22 did not result in a corresponding boom in capital expenditure (capex), with listed companies' investment in fixed assets rising just 2.3 per cent year-on-year (YoY) in FY22, growing at the slowest pace in the last six years. In comparison, the firms' combined net profit jumped 63.5 per cent YoY in FY22, while net sales increased 31.1 per cent - the fastest pace in over a decade. The 955 non-financial companies in Business Standard's sample reported combined net profit of Rs 7.18 trillion in FY22, compared with Rs 4.39 trillion in FY21 and Rs 2.59 trillion in FY20.
A mix of grief and terror has engulfed this nondescript village in central Bihar which has lost one of its residents, a 30-year-old street vendor, to militants' bullets in Jammu and Kashmir.
While the Trump campaign promises that re-electing President Donald Trump will "reduce obstacles to religious freedoms" for Hindus in America, the rival Biden campaign on Tuesday said former vice president Joe Biden has made outreach to the Hindu faith community a priority.
The Centre has ruled out door-to-door vaccination of people and said the inoculation will be done at identified COVID Vaccination Centres, both government and private, registered on COWIN for 'good, germane and rational reasons'.
Rs 5,000 crore additional liquidity facility to be provided by the National Housing Bank to boost liquidity in housing sector, the RBI said.
The Budget allocated an increase in allocation for MGNREGS, LPG expansion, electrification & smart panchayats.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'We will do a holistic review of the entire act and the policy at the state level and I need to be convinced that not a single Jharkhandi is uprooted from his or her home due to this law'
Can the newly-minted Jal Shakti ministry bring water to some 19 crore Indian households that have never had taps or heard the sound of flowing water, wonders Vinayak Chatterjee.
'Remember to pick a mentor, with whom there are one or two degrees of separation.' 'Any more than that, you are wasting time.'
The oil ministry has stopped making fresh allocation of natural gas from domestic fields to the city gas sector, threatening the viability of Rs 2 lakh crore investment planned in the sector besides leading to a hike in CNG and piped cooking gas prices to record levels, sources said. Despite a decision of the Union Cabinet to give 100 per cent gas supply under 'no cut' priority to the city gas distribution (CGD) sector, current supplies have been maintained at March 2021 demand level. Besides, the process of allocating gas on a six-monthly average drawl also is punishing the CGD entities driving growth.
Modi seems to have forgotten the solution to rising tomato prices he had in mind in 2014.
'India's sizeable foreign exchange reserves should serve as a buffer.'
Just 4.6 per cent of all rural households in the country pay income tax while such households with salaried income are close to 10 per cent, the first socio economic and caste census released in eight decades said.
Bihar, Jharkhand and Uttar Pradesh have emerged as the poorest states in India, according to Niti Aayog's first Multidimensional Poverty Index (MPI) report. As per the index, 51.91 per cent population of Bihar is poor, followed 42.16 per cent in Jharkhand, 37.79 per cent in Uttar Pradesh. While Madhya Pradesh (36.65 per cent) has been placed fourth in the index, Meghalaya (32.67 per cent) is at the fifth spot. Kerala (0.71 per cent), Goa (3.76 per cent), Sikkim (3.82 per cent), Tamil Nadu (4.89 per cent) and Punjab (5.59 per cent) have registered the lowest poverty across India and are at the bottom of the index.
Postpone the purchase of big-ticket consumer durable items, recreational spending on holidays, and other such expenses unless your financial position is very secure, advises Sarbajeet K Sen.
'COPD causes an economic loss of Rs 35,000 crores.' 'We cannot afford to lose such a huge amount due to one disease.' 'COPD is a non-communicable disease and that's why it remained low in priority.' 'The time is right to shift the focus to COPD as HIV/AIDS and TB are under control. 'This badly neglected disease has become the second largest cause for deaths in India.' 'It is time for us to wake up and give due importance to this disease.'
In 13 states and two Union territories, more households have a mobile phone than a toilet.
The report suggests India in the longer term needs to create far more jobs in the formal organised sector -- 97 per cent of all female worker activity is in the informal sector
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
As you ring in the New Year, here's a list of the 10 most important financial resolutions to get your money train back on track.
Gold loan companies offer loans to financially-excluded customers and MSMEs by enabling them to monetise their gold without the need for documentary proof of income
A lack of adequate disclosures raises the financing costs of corporate firms, especially sub-investment grade ones, and keeps the capital markets small, believes RBI deputy governor Viral Acharya.
While no specific state-oriented sops were rolled out, a strong thread of political wellness ran through the Budget.
The centre pays only an insulting Rs 200 per pensioner each month at a tight-fisted 0.04 per cent of GDP, among the lowest in the world. Instead, as illustrated by Jean Drze, one option is for NYAY to provide individual rather than household entitlements to all pensioners of at least Rs 1200 per month.
'Should we need just one day in a year to talk about their achievements?', asks Aarti David.
'The COVID-19 threat is still looming large. The census and NPR are not in the priority list of the government as of now'
'The future looks quite bleak unless we ramp up testing and start vaccinating on a war footing.'
While Bangladesh ranked 75, Myanmar and Pakistan are in the 78th and 88th position. Last year, India's rank was 102 out of 117 countries.
A research company has unveiled the results of the biggest global study into the attitudes and investment priorities of the affluent.
The socio-economic and caste census 2011 painted a grim picture of rural India, indicating that one out of three families living in villages is landless and depends on manual labour for livelihood.
Unlike our past generations, spending has taken priority over saving. And a major contributor to this trend has been the increasing use of plastic money aka credit cards. Here are eight things you could do to ensure that you use your credit card wisely.
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
With final preparations underway and the vaccine set to arrive in the national capital in the next couple of days, Rohit Datta, who was the first person to be diagnosed with coronavirus infection on March 1, said "it feels surreal".
"The PMJDY has been the foundation stone for the Modi government's people-centric economic initiatives. "Whether it is direct benefit transfers, Covid-19 financial assistance, PM-KISAN, increased wages under MGNREGA, life and health insurance cover, the first step was to provide every adult with a bank account, which PMJDY has nearly completed," Nirmala Sitharaman said on the sixth anniversary of the scheme.
It keeps getting harder every day for the government to drive its narrative that ample jobs are being created. They sound increasingly silly as they try to defend the indefensible, says Mahesh Vyas.
The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9 per cent in 2022. Notably in 2020, India's economy contracted by a record eight per cent, the International Monetary Fund (IMF) said as it projected an impressive 12.5 per cent growth rate for the country in 2021.
While it is good to appreciate how others manage, set your own goals as a family, says Fatema Agarkar.
The union government is planning to release about 5.5 crore new LPG connections over the next five years, petroleum and natural gas minister Murli Deora said.
