New Delhi: The Centre’s fiscal deficit in the first five months of 2023-24 touched 36 per cent of the full-year target, government data showed on Friday. In absolute terms, the fiscal deficit — the gap between expenditure and revenue — was Rs 6.42 lakh crore as of August-end, according to the data released by the Controller…
New Delhi: Congress president Mallikarjun Kharge on Wednesday attacked Prime Minister Narendra Modi over the situation in Manipur and demanded that he sack the BJP’s “incompetent” chief minister as a first step to control the turmoil. In a post on X, the Congress leader also said the northeastern state has turned into a “battlefield” because of…
New Delhi: The income tax department has notified rules for valuation of investments by resident and non-resident investors in startups, thus paving way for implementation of the changes brought in 2023-24 Budget. As per the changes in Rule 11UA of I-T rules, the Central Board of Direct Taxes (CBDT) provides that the valuation of compulsorily convertible…
Mumbai: Protecting depositors’ hard-earned money is a sacred duty for a banker, and more important than visiting a religious place, according to RBI Governor Shaktikanta Das. He said the task is more important because the entire banking system runs on deposits, which are accumulated from small savers, middle class and retirees. “Protection of depositors’ money is…
Mumbai: RBI Governor Shaktikanta Das on Monday said the central bank is “not comfortable” with the gross non-performing assets ratio of 8.7 per cent in urban cooperative banks (UCBs) and asked them to work towards improving the same. Addressing directors of UCBs in the financial capital at an RBI-organised conference, Das urged that such lenders should…
Udaipur: The nine Vande Bharat Express trains flagged off by Prime Minister Narendra Modi on Sunday have a host of new features incorporated after passengers’ feedback to make the journey more comfortable. From improvising the seat reclining angle to incorporating deep wash basins to avoid water from splashing out, the coach manufacturers have paid attention to…
Panaji (Goa): Dr. Mohan Krishna led Cheers Group India’s luxury spirits conglomerate that has a varied portfolio of world-class Indian Single-malt whiskies catering to all segments of luxury spirit imbibers in the country. Most famous among is the ‘Best Indian Single-malt whisky’ awarded, Three Monkeys Indian Single-malt whisky which has a presence pan India at…
New Delhi: Air India chief Campbell Wilson on Friday told staff that requirements and expectations with respect to safety are clear and stressed that consequences for “tardiness and transgression” are robust. Mentioning about DGCA’s action against two staff for lapses in the way safety audit was conducted earlier this year, Wilson said the airline acknowledges…
Mumbai: RBI deputy governor J Swaminathan on Thursday asked top management of banks and other financial sector entities to focus on a customer-centric approach to strengthen the confidence of people in the banking system. The deputy governor held a meeting with heads of the customer service committee of the board, managing directors, executive directors in-charge…
Mohali: A month and half back, Ravichandran Ashwin was eloquently explaining on his Tamil YouTube channel, why a talent like Tilak Varma should be seriously considered for the ODI World Cup. One of India’s greatest match-winners in Test cricket wouldn’t possibly have envisaged that in six weeks time he would be summoned for a two-match trial…
