High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin.
The Telangana government has issued a circular allowing Muslim employees to leave offices an hour early during the holy month of Ramzan. The move has been criticized by the opposition Bharatiya Janata Party (BJP), which termed it "appeasement politics". The BJP questioned why similar measures are not extended during Hindu festivals. The ruling Congress party defended the decision, stating that such facilities are provided during various festivals and are not unique to Ramzan.
Invest in these funds through the SIP route with at least a seven-year horizon.
Two Indian Army personnel, including a captain, were killed and another was injured when suspected terrorists set off an improvised explosive device (IED) near the Line of Control (LoC) in the Akhnoor sector of Jammu on Tuesday. This was the third incident of cross-border action by terrorists in the Jammu region in four days, highlighting the ongoing security challenges in the area. The blast occurred while the troops were on patrolling duty near a forward post, underscoring the risks faced by security personnel in the region. Following the incident, the Army launched search operations in the area and expressed condolences for the loss of its personnel.
'The idea is to invest where there is opportunity.'
The Supreme Court of India expressed its disappointment and concern after a man was denied the right to bury his Christian father in a Chhattisgarh village, despite the presence of a designated burial area for Christians in the village graveyard. The man, Ramesh Baghel, had to approach the Supreme Court after the Chhattisgarh High Court dismissed his plea, citing concerns about potential unrest. The court criticized the high court's decision and the lack of action by local authorities in resolving the issue, noting that the body had remained in the morgue since January 7th. The case highlights a growing concern about religious intolerance and the need for greater sensitivity and respect for diverse communities in India.
The Bombay High Court has discontinued its monitoring of the investigation into the 2015 murder of communist leader and rationalist writer Govind Pansare, directing the sessions court to expedite the ongoing trial. The decision comes after a report by the Maharashtra Anti-Terrorism Squad (ATS) indicated that the investigation has been thoroughly conducted, with only the arrest of two absconding accused remaining. The court has ordered daily hearings for the trial, which has already begun and has seen 28 prosecution witnesses examined as of December 16, 2024.
The fate of properties worth Rs 15,000 crore inherited by actor Saif Ali Khan and his family from Bhopal's erstwhile rulers hangs in the balance due to uncertainty over filing an appeal against an order of the Office of the Custodian of Enemy Property. If an appeal is not filed by the Bhopal Nawab's successors, the properties could fall under the Centre's control, lawyers have said. The matter stems from a 2015 ruling that declared the Bhopal Nawab's property "Enemy Property" due to the eldest daughter, Abida Sultan Begum, migrating to Pakistan after the Partition. However, a 1962 order recognized Sajida Sultan Begum, the second daughter, as the sole successor to the properties after the death of Nawab Hamidullah Khan. The dispute is currently with the Mumbai-based Office of the Custodian of Enemy Property, following a Madhya Pradesh High Court order that directed the filing of a representation within 30 days. The high court's order also raised the issue of limitation as the appeal was filed after a significant period. The properties include Noor-Us-Sabah Palace, Dar-Us-Salam, Bungalow of Habibi, Ahmedabad Palace and Flag Staff House. The Enemy Property Act was passed in 1968 to regulate properties left behind in India by those who emigrated to Pakistan.
'The incentives to switch to the new tax regime... are viewed as a negative due to potential loss of customers who buy policies for saving tax.' 'The tax-saving value proposition for the sector reduces.'
The Centre said as a matter of judicial review, the court could declare the provisions to be unconstitutional, however, the relief sought by the petitioner effectively sought to read "life-long" instead of "six years" in all sub-sections of Section 8 of the Act.
Delhi's crime rate against women stood at 144.4 in 2022 -- the highest among all states and Union Territories.
A senior police officer said bomb disposal squads have been rushed to all the places mentioned by ULFA-I but there is no report of recovery of any bomb or explosive.
The Supreme Court of India has ordered the burial of a pastor whose body has been lying in a mortuary since January 7th, after a dispute arose regarding the location of his burial. The court issued a split verdict, with one judge ruling for burial on the family's private land and the other for a designated place away from the village. The decision was made due to the prolonged delay in the burial and the potential for unrest. The court ordered the state government to provide security to prevent any further incidents.
The government in FY26 Budget should announce an "effective" personal income tax cut to support consumption and demand, Barclays said on Thursday. In its FY25-26 Union Budget preview, Barclays said the key ask from the Budget, to be presented on February 1, is to support growth while adhering to fiscal consolidation path.
The Delhi government has announced that vehicles older than 15 years will be denied fuel at petrol pumps starting April 1.
The Reserve Bank on Friday raised the inflation projection for current fiscal year to 4.8 per cent from 4.5 per cent with Governor Shaktikanta Das saying lingering food price pressures are likely to keep headline inflation elevated in the December quarter. Consumer price index (CPI)-based inflation increased sharply in September and October 2024 led by an unanticipated increase in food prices.
The government has slapped a $2.81 billion (about Rs 24,500 crore) demand notice on Reliance Industries and its partners, including BP Plc for gains made from producing and selling natural gas that may have migrated from neighbouring block of state-owned ONGC. This follows the Delhi high court's decision on February 14, overturning an international arbitration tribunal ruling that held the duo not responsible for paying any compensation for the gas they produced and sold which had allegedly migrated from adjoining fields.
With the rapid evolution of channels like quick-commerce and the emergence of ONDC, the Indian retail industry is 'cautiously optimistic' for 2025, in which new-age technologies such as AI and automation will play a crucial role, driving efficiency and personalisation.
Pune Police have announced a reward of Rs 1 lakh for information leading to the arrest of a history-sheeter who allegedly raped a 26-year-old woman inside a state transport bus at the Swargate bus station. The accused, Dattatray Ramdas Gade (37), is on the run since the incident which took place on early Tuesday morning. He has half a dozen cases of theft, robbery and chain-snatching registered against him in Pune and adjoining Ahilyanagar district, and was out on bail since 2019 in one of the offences.
The Supreme Court of India has expressed concern over the protracted trials in heinous offences related to Maoist activities, stating that indefinite incarceration violates the right to liberty under Article 21 of the Constitution. Two separate benches of the court granted relief to two accused, citing the delayed trials. One bench expedited the trial of a man accused of transporting ammunition for a banned organization, while the other granted bail to a man accused of transporting materials for Naxal activities. The court emphasized the importance of speedy trials and suggested the establishment of special courts to handle Maoist-related cases, aiming to expedite proceedings. The court also criticized the practice of examining an excessive number of witnesses, which can lead to indefinite delays in the conclusion of trials.
The depth of fast bowlers at South Africa's disposal was no better evidenced than on Thursday as Corbin Bosch and Dale Paterson took nine of the 10 wickets to dismiss Pakistan for 211 on the opening day of the first Test at Centurion.
'Modi's intention was to create goodwill that will allow India to be seen by Trump as more than just a bad tariff problem.' 'He succeeded brilliantly on that count but none of these wins are unfortunately permanent.' 'Modi will have to do this again and again if Trump's grievances are to be durably assuaged.'
Who do you think should be part of India's playing for the third T20I against England on Tuesday?
There are about 31,000 pending cases, locking revenue worth Rs 500 crore.
High nitrate levels have been found in groundwater of 440 districts across India, with 20 per cent of the samples collected exceeding the permissible nitrate concentration, the Central Ground Water Board (CGWB) has said in a report.
When the Soviet army reached Auschwitz 80 years ago, on January 27, 1945, it found only about 7,000 inmates. What they saw was beyond words -- living skeletons, lice-infested human forms with just skin and bones, barely able to stand, greeted them.
'The true measure of Project Tiger's success is not just rising tiger numbers, but our ability to ensure harmonious human-wildlife coexistence'
The government's subsidised onion sale initiative, launched on September 5, has led to price drops in major cities within days, the consumer affairs ministry said on Saturday. In Delhi, retail onion price fell from Rs 60 to Rs 55 per kg, while Mumbai saw a decrease from Rs 61 to Rs 56 per kg. In Chennai, the retail price reduced from Rs 65 to Rs 58 per kg, the ministry said in a statement.
Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai and MG Motors are gearing up to introduce EVs in India.
The Cyberster is currently sold in the UK for about Rs 63 lakh and is expected to be priced between Rs 65 lakh and Rs 70 lakhs.
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This, analysts said, will put the sector on a growth runway, though keeping it viable for only long-term investors. According to Vinit Bolinjkar, head of research at Ventura Securities, expectations of strong air traffic, coupled with low penetration, is the prime reason for a solid long-term outlook.
After a strong show during the September quarter (Q2FY25) and favourable demand conditions, going ahead, the country's largest player in the room air conditioner segment, Voltas is well placed to improve its market share. Expectations of record volumes in FY25 for the sector and the company's strategy of prioritising market share over margins could help the leader expand share in the room AC segment.
The Centre on Thursday began the first phase of retail sales of onion at a subsidised rate of Rs 35 per kg to provide relief to Delhi-NCR and Mumbai consumers from rising prices of the kitchen staple. NCCF and NAFED, which are maintaining a buffer stock of 4.7 lakh tonne onion on behalf of the government, will undertake the retail sale through their own stores and mobile vans. Onion will be sold at 38 retail points in Delhi-NCR and Parel and Malad in Mumbai.
The Delhi high court on Tuesday closed proceedings in a petition alleging non-compliance of new IT Rules by Twitter, saying that 'nothing remained' in view of the central government being satisfied with the micro-blogging platform appointing a chief compliance officer (CCO), resident grievance officer (RGO) and nodal contact person.
What makes Pushpa 2 float is Allu Arjun's magnetic performance. The actor really goes an extra mile to deliver the wildfire he promised, observes Mayur Sanap.
Delhi faces a severe financial crunch and the deficit is largely due to numerous welfare schemes without adequate revenue flowing in. The success of welfare schemes and electoral promises will need careful financial planning and out of the box thinking to whip up additional revenue, notes Ramesh Menon.
For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way
A bench of Justices BV Nagarathna and N Kotiswar Singh, which issued notice on the plea of the Congress against the March 13 high court order, however, said the ITAT can proceed on the political party's appeal.
The Budget proposals are expected to boost the fortunes of consumer goods and fast-moving consumer goods companies, which have been struggling with poor consumer demand for more than a year. The Budget announcements, such as the increase in standard deduction by Rs 25,000 for income-tax payers and slab revisions, will put more money in their hands, boosting consumer demand. Private consumption is also likely to benefit from a new scheme to offer internships to 10 million youths in the country's top 500 companies.
