'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
In a scathing attack on Prime Minister Narendra Modi, Congress president Mallikarjun Kharge on Thursday said when the elections are over, people will only remember him as the PM who indulged in 'divisive and communal speeches filled with lies' to avoid an inevitable defeat.
'With technology advancing, we should go all out and put up solar, wind, pumped storage, and battery, and make India go green.'
The free education policy should be amended so that boys also get free education besides girls, and all Marathas should get free education "from KG to PG" (kindergarten to post-graduation) until the entire community gets reservation, he said.
It is to be seen if SBI under Setty, who will have a three-year term, can ride the economic cycle to take SBI to new heights, navigating some of these challenges.
On the controversial AFSPA, the home minister said, "We will also think of revoking AFSPA."
Facing protests from a section of the Rajput community over Union Minister Parshottam Rupala's remarks, the Bharatiya Janata Party in Rajasthan's Chittorgarh -- a Rajput-dominated seat -- is hoping that the 'Modi factor' and the development work undertaken by his government will help it retain the Lok Sabha constituency.
MMFs invest in fixed-income instruments maturing in less than one year, minimising interest-rate risk.
"My aim is to make Maharashtra the world's big financial powerhouse and to make Mumbai a global fintech capital," he said.
The real estate sector wants "high-impact" measures, like special schemes and tax breaks for developers, to revive the fortunes of the affordable housing segment in the country, multiple executives told Business Standard. This segment has been struggling since the Covid-19 outbreak, in contrast to larger and costlier homes which have been selling like hot cakes. The demand comes at a time when the government is taking suggestions from industry players before tabling the General Budget in the Parliament next month.
Gandhi said the Congress' slogan is 'count' because that would be the first step towards justice.
Polling is scheduled in all 13 seats of Punjab and four of Himachal Pradesh, 13 constituencies in Uttar Pradesh, nine in West Bengal, eight in Bihar, six in Odisha and three seats in Jharkhand besides Chandigarh.
The Reserve Bank of India (RBI) has identified "climate shocks" as a risk to food inflation rates and overall price rise while stating that the outlook for the country's economic growth remains bright. In its Annual Report for 2023-24, released on Thursday, the central bank said easing supply-chain pressures, broad-based softening in core inflation, and early indications of an above-normal southwest monsoon meant well for the inflation outlook in 2024-25. "The increasing incidence of climate shocks, however, imparts considerable uncertainty to the food inflation and overall inflation outlook," said the RBI while noting headline inflation moderated by 1.3 percentage points on an annual average basis to 5.4 per cent in 2023-24.
Subbarao said he would be "ok" if a sovereign bond issue in foreign currency is done once just to test the waters, but cautioned against using the instrument regularly.
'There is no immediate threat to the government, and they would prefer the growth agenda.'
The Bharatiya Janata Party leadership in Himachal Pradesh is making efforts to mollify party leaders who are disgruntled over distribution of tickets to six Congress rebels for the assembly bypolls, former chief minister Prem Kumar Dhumal said on Tuesday.
At least 95 per cent of Jet Airways employees will have to give their consent to the Kalrock-Jalan consortium's proposal or lose benefits offered to them under the revival plan. Voting on the consortium's offer for employees and workmen began on Monday and will go on till August 4. The National Company Law Tribunal cleared the consortium proposal to revive the airline on June 22. While Jet Airways had admitted claims of around Rs 15,000 crore, the consortium has offered to settle claims of Rs 475 crore of financial and non financial creditors.
The BJP cannot afford to alienate the OBCs, who have explicitly voiced their opposition to the Maratha quota.
Congress wants to change the Constitution and rob Dalits, OBCs of quota benefits for religion-based reservation, Modi said.
Union Home Minister Amit Shah on Wednesday ruled out holding any dialogue with Pakistan and asserted that the Modi government will wipe out terrorism from Jammu and Kashmir and make it the most peaceful place in the country.
'We expect the bull-market phase to still persist, but now led by large-caps which offer better valuation and benefit from FII inflows.'
'We expect continued pressure on midcaps, but any sharp correction looks unlikely from here on.'
Insurance behemoth Life Insurance Corporation of India (LIC) is the fourth largest insurer in the world, according to a ranking based on life and accident & health reserves of companies in 2022 by S&P Global Market Intelligence. The state-owned insurer is ranked after Allianz SE, China Life Insurance Company, and Nippon Life Insurance Company. According to the report, LIC's reserves stood at $503.7 billion. Germany's Allianz SE ($750.20 billion), China Life Insurance Company ($616.90 billion) and Nippon Life Insurance Company ($536.80 billion) are the top three insurance companies in the world.
'If we get 399 seats and you say we have not crossed 400, then it is your wisdom. But the '400 paar' slogan is based on calculation and considered opinion'
Gandhiji asked me if I had sufficient warm clothes in view of the coming cold season. I said yes. But he verified my statement by asking Miraben to search my bag to make sure. Such was Gandhiji.
The Supreme Court on Thursday set aside the Bombay high court verdict cancelling the caste certificate of Amravati MP and BJP leader Navneet Kaur Rana.
"During the Congress regime, the news headlines were of India handing over another dossier to Pakistan about terror activities. Some of our friends in media used to clap after such any such dossier was sent," Modi said at an election rally in Maharashtra's Latur.
"The nakli Shiv Sena wants to bury me alive. They abuse me in such a way that it will be liked by their favourite vote bank," Modi said.
'When the chief minister saw how Manoj Jarange Patil had successfully held the state government hostage to his whims, Eknath Shinde knew he had a very clear chance of enamouring himself to these Maratha agitators by accepting Patil's demands.'
'Our children score very high marks, but do not get admission in good colleges. They get top rank, but they do not get jobs because they belong to the so-called forward caste.' 'What can we do when a boy or girl from the community with first rank is considered only at the 6th or 7th position for a government job just because those with reservation get precedence over us?'
The most common complaint of financial consumers is cumbersome processes, complicated products, usurious charges, and mis-selling of products, which finally don't deliver what is promised or as expect, notes Debashis Basu.
He argued that if inflation is low, stable and moving towards the 4 per cent target, why has the RBI not revised downward the bank rate fixed in June 2023?
The economist was also critical of demonetisation and the way Good and Services Tax was implemented.
'When there are no good roads and no buses plying to villages, your spending on development is skewed.'
The central government's fiscal deficit during 2023-24 at 5.6 per cent of the GDP was better than previous estimates of 5.8 per cent on account of higher revenue realisation and lower expenditure, according to official data released on Friday. In actual terms, the fiscal deficit -- or gap between expenditure and revenue -- was Rs 16.53 lakh crore, or 5.63 per cent of the GDP, which grew 8.2 per cent in 2023-24.
The interchange fee -- paid by the card-issuing bank when a customer swipes at another bank's ATM, including at white-label ATMs -- may be raised to Rs 20 to Rs 23.
Shinde announced that his government is committed to providing reservation to the Maratha community.
Gandhi claimed that Dalits, tribals, and Other Backward Classes were made bonded labourers and their participation was lacking in big companies, hospitals, schools, colleges and courts.
Akhilesh's fielding candidates from a broad spectrum of castes, not just Yadavs, and with the BJP losing in several seats in Purvanchal, suggests that smaller OBC communities shifted from the BJP to the SP in the region.
'When our daughters, wrestlers Sakshi Malik and Vignesh Phogat, were protesting at the Jantar Mantar, the police kicked them with their shoes.'
RBI's exercise will take into account standards of governance, the viability of the payment bank (PB) business model, and changes, if any, if needed.
