July has so many interesting films to choose from!
'India has the potential to grow at more than 7%, with the monetary policy providing a supportive hand.'
Towards the end of February, the Reserve Bank of India (RBI) restored the risk weighting on banks loans to non-banking financial companies (NBFCs; including to microfinance institutions, or MFIs) to 100 - back to its November 2023 position - from 125. It is only a partial relief though. "Higher risk weighting on unsecured lending continues to be in place while the same on bank funding to NBFCs has been done away with. "This is a positive step by RBI," says Rajiv Sabharwal, managing director (MD) and chief executive officer (CEO), Tata Capital.
The RBI under former governor Shaktikanta Das resisted pressures to cut interest rates through 2024 as it kept its 'Arjuna's eye' trained on inflation, but the central bank under a new detail-oriented head will soon have to take a call if it can continue sacrificing growth. Das, a career bureaucrat who in 2016 oversaw Prime Minister Narendra Modi's highly disruptive demonetisation move, left a lasting legacy as he demitted office towards the end of 2024 after expertly navigating monetary policy for six years, the highlight of which was steering India's recovery through the pandemic.
Manish Malhotra's Diwali Party had the who's who of Bollywood in attendance.
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
Manish Malhotra's father Suraj passed away at the age of 91 after being unwell for a while.
Shaktikanta Das will demit the office on Tuesday after completing six years as the 25th Governor of the Reserve Bank of India. Revenue Secretary Sanjay Malhotra will replace him as the 26th Governor. He was appointed as the Governor on December 12, 2018, after the abrupt exit of Urjit Patel.
Bhumi feels pretty... Jackie Shroff with the 'asli' Bidhu...Huma-Saqib go to a wedding...
Clad in gold, the ever youthful star looked glamorous as always.
Riteish-Genelia visit a salon... Neha steps out... Karan-Bipasha spread love...
Anil Kapoor's wife Sunita Kapoor hosted her annual Karva Chauth party for her friends, and the ladies in well, mostly red, made striking images on social media.
The recent depreciation of the rupee along with sharp fall in the country's foreign exchange (FX) reserves has sparked a debate whether stability of the exchange rate is necessary and desirable. The rupee was one of the least volatile currencies among peers for almost two years before the current downward pressure started in September after the US Federal Reserve lowered interest rate.
Department of financial services secretary Sanjay Malhotra held a meeting with heads of PSBs, insurance companies and financial institutions for identifying ways to support Agniveers on completion of their tenure of duty.
The GST Council on Saturday clarified that guarantees provided by corporate to their subsidiaries will attract an 18 per cent GST, while no tax will be levied if a personal guarantee is given by a director to the company. The council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state ministers, also cut the GST rate on molasses to 5 per cent from 28 per cent. It also ceded the right to tax Extra Neutral Alcohol (raw product for making alcohol for human consumption) to the states.
Film folk attended the Ganesh Chaturthi celebrations at Nita and Mukesh Ambani's residence, Antilia, in Mumbai.
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
On Manish Malhotra's 50th birthday, take a glimpse of his best runway creations.
Brokers believe that the higher charges may not completely deter investors from taking bets in F&O but could help cool down some activity, as the threshold to break even rises.
Some of the star guests at the wedding.
Manish Malhotra kicks off Bollywood's weekend parties.
All her public appearances are marked by trademark glitter and glow, of which her opulent collection of Kanjivarams and Benarasis are Sukanya Verma's absolute favourite.
Three industry bodies suggested changes in India's tax regime in their pre-Budget discussions with Revenue Secretary Sanjay Malhotra in New Delhi on Tuesday. The bodies - Confederation of Indian Industry (CII), PHD Chamber of Commerce and Industry (PHDCCI), and Federation of Indian Chambers of Commerce & Industry (FICCI) - held separate meetings with Malhotra during the day and put across their suggestions for the upcoming Budget.
The who's who of Bollywood made sure to attend Sanjay Leela Bhansali's magnum opus Web series, Heeramandi: The Diamond Bazaar.
The special screening of Janhvi Kapoor's new film Ulajh had a special guest: An evergreen diva, who continues to look ageless.
'Innocent lives lost. Tourists, families, people who were just... living. Seeking beauty. Seeking peace. And now there's only grief.'
Aaliya Kashyap and Shane Gregoire had a starry reception on Wednesday evening.
So many movies are coming up for release in 2025!
Where Sanjay calls Malaika 'family'.
The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.
'I couldn't see the injury but I knew it was bad from the expression on Aamir's face.'
Union Finance Minister Nirmala Sitharaman, along with her team of bureaucrats, delved into the fine print of the 2024-25 Budget documents in a press conference, detailing the government's road map on bringing down the debt-to-GDP ratio and bold tax measures.
If only the movie could hold its own the way Raveena Tandon does in a cream and gold Manish Malhotra lehenga, Ghudchadhi would be half the entertainer it set out to be, feels Sukanya Verma.
The GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion, Revenue secretary Sanjay Malhotra said on Friday. The collection from Goods and Services Tax (GST) was Rs 1,43,612 crore in August 2022. "Roughly numbers are in the range of 11 per cent year on year growth as in earlier months," Malhotra told reporters.
what a star-studded affair it was!
Film folk have been very busy this year, attending trailer launches and promotional events. Hitesh Harisinghani/ Rediff.com vouches for that, as he recaps 2024 with his insightful clicks.
Personal income tax as a percentage of GDP has gone up from 2.11 per cent in 2014-15 to 2.94 per cent in 2021-22 fiscal, indicating that taxpayer base is widening as a result of the steps taken by the present government led by Prime Minister Narendra Modi.
