'We need to be far more careful given the fact that while this is group lending, it's essentially unsecured.'
India will become the world's third largest economy by 2026 as its GDP in current dollar terms will reach $5 trillion in that year and further rise to $5.5 trillion in 2027, former Niti Aayog vice chairman Arvind Panagariya said on Friday. Delivering the 18th C D Deshmukh Memorial Lecture titled 'India at 125: Reclaiming the Lost Glory and Returning the Global Economy to the Old Normal', he said it is unlikely that GDP in current dollar terms of either Germany or Japan will cross $5 trillion-mark in the coming three years. Japan will have to sustain a growth rate of 3.5 per cent in current dollar terms to reach $5.03 trillion in 2027 from its 2022 level of $4.2 trillion, he said.
'We want to send a notice to the BJP that Rajputs are no longer their slaves.'
A case of criminal conspiracy, corruption practices and undue influence on election has been registered on the complaint of two Congress MLAs, police said on Sunday.
'Coming out of a burning building with a machine gun in your hand, that is badass because you don't get to do that in real life.'
Check out the winners of the Sony World Photography Awards 2024. Now in its 17th year, the World Photography Organisation's awards ceremony is a major annual moment recognising the best photography in the world, celebrating the images and stories that have resonated with global audiences over the past year.
The Reserve Bank (RBI) resisted a 'raid' planned by some in the government to extract Rs 2-3 lakh crore from its balance sheet in 2018 to meet populist spending in run-up to general elections, Viral Acharya, who was deputy governor at RBI at that time, has written.
According to the cause list for December 11, Monday, uploaded on the apex court website, a five-judge constitution bench headed by Chief Justice D Y Chandrachud would deliver the verdict.
If Modi wants to leave a real legacy, breaking India's strategic triangulation would be the real gift, notes Shekhar Gupta.
According to the Morcha, the demands which Delhi Chalo has been called include: MSP should be guaranteed as per C2+50 percent formula and, as promised, a law should be made to guarantee it; all the farmers should be made debt free, and all agricultural loan must be waived.
Khan said when any ordinance or Bill comes before him, he applies his mind to ascertain whether it is constitutionally and legally sound.
Three security personnel suffered injuries in the fierce gun-battle and a large quantity of weapons was also recovered from the spot, the state police said.
The mere fact that some part of administration of an educational institution is also looked after by non-minority officials does not "dilute" its minority character, the Supreme Court observed on Wednesday while hearing the hugely disputed minority status of Aligarh Muslim University (AMU).
Why did Modi single out the Congress and its leaders for the most pugnacious verbal assault while sparing other regional adversaries? If he is trying to get some parties to break the Opposition ranks, it means that the BJP's present bravado is for effect. Nilanjan Mukhopadhyay, author of Narendra Modi: The Man, The Times, begins a new column for Rediff.com.
'Clients deemed higher-risk are required to update their KYC more frequently.'
These few and far between 'sops for votes' are the reason why the Jenu Kuruba community, which is fighting the government for decades for even the basic amenities -- like land rights, access to water and electricity -- bother to cast their votes, said J K Thimma, head of the settlement.
Addressing the media, Jarange, on an indefinite hunger strike since August 29 at Antarwali Sarati village in Jalna district in central Maharashtra demanding reservation in jobs and education for the Maratha community, asserted he would not succumb to pressure from either the government or the opposition on the quota issue.
The Uttar Pradesh government on Thursday issued a provisional list of reserved seats for mayors of municipal corporations, and chairpersons of municipal councils and nagar panchayats for the three-tier urban elections.
For the time being, digital lending remains a grey area, notes Tamal Bandyopadhyay.
When he left his job in Calcutta to go to Bombay to become a film actor, Amitabh Bachchan took his driver's license along.
The Punjab and Haryana high court on Monday refused to vacate the stay granted by it last month on Haryana government's decision to grant reservation to Jats.
The Supreme Court on Wednesday set aside the August 5 notification of the election department of the Union territory of Ladakh for the hill council polls and ordered issuance of a fresh election schedule within a week.
'Modi is trying avenues to convince people why they should vote for the BJP.'
IMAGES from the IPL match between Mumbai Indians and Chennai Super Kings at the Wankhede Stadium in Mumbai on Sunday.
Postings to places at an altitude above 1,000 metres but less than 1,500 metres, between 1,500 and 3,000 metres, and above 3,000 metres entail different rates of allowances -- the higher the location, the bigger the allowance, reveals Tamal Bandyopadhyay.
'In 2013, Modi said his government would be of Dalits and OBCs.' 'During his tenure, the highest number of atrocities have taken place.' 'What they want is that this Ambedkar Constitution must not be practised in India in the future.'
Tata Steel has built an iron ore chest of nearly 600 million tonnes (mt) and will look for more as it prepares for life beyond 2030 when its legacy captive mines come up for auction. The lease for four of its existing iron ore mines -- Joda East, Noamundi, Katamati, and Khondbond -- that feed the domestic operation with low-cost iron ore is going to expire in 2030, following changes in mining regulations. The year will also coincide with Tata Steel's ambitious target of doubling steelmaking capacity in India to 40 mt, increasing the need for iron ore. The company is pushing the pedal to ensure that it has enough resources to meet enhanced needs.
Ahsan Ullah Khan, the additional district and session judge of the MP-MLA court in Sonbhadra, also imposed a fine of Rs 10 lakh on Gond which would be used in the rape survivor's rehabilitation.
The Enforcement Directorate (ED) on Wednesday told the Delhi high court that Chief Minister Arvind Kejriwal, arrested in a money laundering case linked with the alleged excise scam, cannot claim "immunity" from arrest on the ground of upcoming elections as law is applied equally to him and an aam aadmi.
The Supreme Court has dismissed a batch of petitions, including the one filed by the Maharashtra government, seeking review of its 2021 judgment by which it had quashed the state law granting reservations to Marathas in admissions and government jobs.
The top court, meanwhile, permitted the state government to amend its plea to seek issuance of guidelines for the governors on grant or decline of assent to the bills passed by the assembly in a time-bound manner.
This election will be remembered for being the first election where the Election Commission failed to take action on gross violations involving the ruling party that repeatedly used religion, communal slurs, lies and undocumented allegations, observes Ramesh Menon.
The Supreme Court on Friday refused to entertain former ICICI bank managing director and CEO Chanda Kochhar's plea seeking retirement benefits from the bank. A bench of Justices Sanjiv Khanna and SVN Bhatti said, "Not a case for interference. We are not inclined to interfere with the high court order. "The special leave petition is dismissed." At the outset, senior advocate Harish Salve, appearing for Kochhar said the high court had dismissed the petition without any discussion or finding.
The Supreme Court on Friday asked the Securities and Exchange Board of India (SEBI) what the capital markets regulator intends to do for ensuring the protection of investors from extreme volatility in the stock market.
Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.
With the government clearing the decks for direct listing at the Gujarat International Finance Tec-City (GIFT City) International Financial Services Centre (IFSC), issuers will wait for the ecosystem to develop further before firming up their listing plans. In the meantime, most companies may continue to prefer listing in the onshore market, even as the new avenue provides key benefits such as tax waivers and reduced foreign exchange risk. Sources said that a few key things need to be ironed out further.
'I won't be surprised if they change the rule before the India-Pakistan game (in World Cup). ICC will keep their mouth shut and say 'OK, do it'. ICC just talks rubbish, nothing happens.'
A Supreme Court-constituted panel has asked the Union environment ministry to amend or withdraw the guidelines related to setting up zoos and safaris within tiger reserves and wildlife sanctuaries to discourage the use of wildlife habitats for tourism activities which are non-site specific.
"You can memorize 1000s of words, but what do you do if you get a word that you don't know?"
The NBFC was registered on December 1998, with an office in Lucknow.
