'When you compare Bihar's poverty from its earlier times, then there is a huge difference. Things have improved a lot. And migration has played an important role in reducing poverty.'
The well has not caught fire yet, and no one is injured in the incident, he said.
The district administration said that air pollution is still within the acceptable limit and the local office of Pollution Control Board, Assam is closely monitoring the situation.
In an Instagram post on Monday, the studio said: "We are shocked, worried and extremely broken by the recent acts of vandalism targeting us."
People with modest incomes can also build a crore-worthy portfolio by investing small amounts consistently, says Ramalingam Kalirajan, and shows how the magic of compounding works.
At a time when banks are finding it challenging to mobilise resources, State Bank of India (SBI)-the country's largest lender-has devised a three-pronged strategy to boost deposit accretion. First is an aspirational product that promises to make depositors lakhpatis by helping them grow their deposits to Rs 1 lakh through recurring deposit (RD) schemes.
Hegde said NDA winning more than 400 seats in the upcoming Lok Sabha polls would eventually help in mustering a similar majority in the Rajya Sabha, and coming to power in two-third of the states.
Here is what you need to know about the year's Australian Open:
SoftBank-backed hospitality major OYO is planning to reduce the number of shares it aims to sell through public listing because of reduced capital requirements and technology headwinds. This comes at a time when valuations of start-ups, including that of OYO, have taken a hit. "OYO earlier filed papers for its IPO (initial public offering) based on its funding requirements at the time.
Kotak Mahindra Bank's loan and deposit growth are likely to be affected after the Reserve Bank of India (RBI) asked the private-sector lender not to take on board new customers through the bank's online and mobile banking channels and not to issue any new credit cards, according to analysts. The bank's share price fell 10.85 per cent on Thursday to close the day at Rs 1,643 on the BSE. The RBI's action came after market hours on Wednesday.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
With over 80 million Unified Payments Interface (UPI) users, Amazon Pay, the payments business of e-commerce giant Amazon, has been growing at 40-50 per cent year-on-year (Y-o-Y), said Mahendra Nerurkar, chief executive officer (CEO) and vice-president (V-P), Amazon Pay India. "Leveraging just the micro peer-to-peer (P2P) transactions on UPI is not a business model. "While we have enabled those features, we do not chase monthly active users based on this.
Former RBI governor Raghuram Rajan, who faced a stinging attack from Finance Minister Nirmala Sitharaman for presiding over the "worst phase" of the Indian banking sector, on Thursday reminded her that two-third of his tenure as the head of the central bank was under the Bharatiya Janata Party government.
Experts say investors should stay patient and stay invested in mutual funds.
Food delivery apps Zomato and Swiggy reported a nationwide outage on Wednesday. Both the platforms witnessed technical glitches and were unresponsive for almost an hour. Downdetector, a platform that collects status reports from a series of sources, recorded about 3,619 reports of outage against Zomato at 2:05 PM and about 771 reports of outage against Swiggy at around 2:21 PM. According to the sources, the outage was caused by Amazon Web Services (AWS), a cloud-services platform, which runs both platforms. Though Swiggy and Zomato are working now, some customers reported that the issue has not been solved completely and they are not able to place orders and there are payment related issues.
Say cheers to a fun-filled week with these healthy and yummy recipes for thirst quenchers by food blogger Taruna Bakshi.
"This is unbelievable. It is surreal... I was at the gym. I just found out about the nomination," said Gourav, whose previous credits include "My Name is Khan" and "Mom".
Starting with the third quarter of financial year 2020-21 (Q3FY21), we have seen "unlock" trades at various times. Whenever lockdowns have been eased, traders have taken long positions in consumer-facing businesses. Let's look at the logic. Since March 2020, sectors like retail, personal vehicles, hospitality, aviation, fast-moving consumer goods (FMCG), multiplexes, etc., have been under severe pressure. As a result, there's been a low base effect. Every company in these spaces has suffered top line contraction. Many suffered losses, especially in the first half of FY21.
Private equity (PE) is set to play a bigger role in banks. Of 21 recommendations accepted by the Reserve Bank of India (RBI) out of 31 made by its Internal Working Group (IWG), its stance on non-promoter holdings in private banks is seen with excitement, though it doesn't refer to PEs explicitly. On non-promoter holdings in these banks, the RBI said this will be capped at 10 per cent of the paid-up voting equity share capital in the case "of natural persons and non-financial institutions and entities"; and "at 15 per cent for all categories of financial institutions, entities, supranational institutions, public sector undertaking, or the government." While this is a modification of the IWG's stance for the non-promoter holding in banks at up to 15 per cent, it does open up a huge window for PEs, all the same. This is because, while the RBI has remained silent on the eligibility of industrial houses for bank licences, fresh high-quality capital in large amounts can only come from PEs.
Seeks to promoting a Fibre Neutral Fiscal Policy
Yes Bank customers will be able to access full banking services from Wednesday evening, as the moratorium will be lifted earlier. The RBI had on March 5 put a moratorium on Yes Bank restricting withdrawals to Rs 50,000 per depositor till April 3. However, the government in a notification on Saturday said the moratorium will be lifted by 18:00 hrs on March 18.
They have been arrested for aiding Shahabuddin in writing the law exam.
The fifth phase of the Lok Sabha election witnesses several high-stake battles between the Bharatiya Janata Party and opposition parties, with people from 51 Lok Sabha constituencies across seven states casting their votes today to form the next government. Here's a look at who were among the early voters!
The panel suggests the government be authorised to raise the thresholds, which trigger applicability of Corporate Social Responsibility provisions.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Cricket in general is played at a pace below what it needs to be. Cricket needs to be speeded up in all forms of the game. If it puts pressure on captains and bowlers, so be it. We need to ask captains and bowlers to be a little bit surer in their plans'
Those taking up a job abroad should notify their bank about the change in status and open appropriate NRI accounts
Dear readers, we had asked you to send in your personal finance queries to be answered by Basis founder and CEO Hena Mehta. Here's the first batch of responses.
Mumbai teen Siddharth Pillai has designed and patented a technology that prevents coral bleaching and will save hundreds of marine species from extinction.
'There are different reasons for brain involvement depending on how the virus has entered the body.' 'If the virus enters the brain from the nose, the impairment will be different as opposed to if the virus impairs other organs which in turn impair the brain.' 'If it affects the lungs or heart, there can still be brain changes from secondary effects of reduction in oxygen delivery, or reduction in blood supply to the brain.'
Most investment costs are bundled in with the financial product, and are often hidden in fine print, warns Erik Hon.
Spelling out practical problems it has encountered in implementing the Justice Lodha committee's reforms in the Board of Control for Cricket in India and its affiliates in totality, Mumbai Cricket Association said it already has in place measures that, by and large, jell well with the reform process.
To begin with, the Galaxy A8 is Samsung's slimmest smartphone yet...
'The Quran says that saving one life is like saving humanity. So by donating for Kerala, you are following what Allah told you.' 'This gesture would create goodwill for Muslims and would work as a counter to the hostility they face.' Jyoti Punwani reports how some Muslims won't sacrifice goats this Bakri Eid, instead donating the money towards relief efforts in Kerala.
Moto X Play is a mid-range phone that has the configuration of a flagship device, but does not cost the earth.
Can't believe you can file your income tax return without Form 16? Read this...
'The court came to a conclusion using one person's case... Based on that one case, the term "rampant misuse" was used as if it is a generalisation.' 'If one in 10 cases turns out to be false, is it possible to call the Act a charter for blackmail or charter for personal vengeance?' 'Is there any Act either in India or anywhere in the world where there are no false cases?'
10 things you must know about Samsung Galaxy J5 and Galaxy J7...
'We have to work for our victories.' 'We have to offer a better alternative governance model.' 'Not just criticise the current government.' 'You have to build bridges, learn from what has gone wrong and create a party for all people.'
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