By Sushil Kutty India didn’t know what was cooking in its backyard. Prime Minister Narendra Modi, vaunted vishwaguru – supposedly the only leader with the charisma to talk Russia out of the war with Ukraine – was caught off-guard when a coup forced Bangladesh Prime Minister Sheikh Hasina to...
By Arun Srivastava After the sudden, inglorious exit of Sheikh Hasina from the political theatre of Bangladesh, the tone and temper of the students’ movement have changed. A new narrative is making rounds in the political and media circles that the student movement for quota reform is fading from...
By Dr. Gyan Pathak INDIA bloc is now firmly against taxing people on their future crises of life and health, protested within and outside the Parliament against imposition of 18 per cent GST on life and health insurance premium, and demanded their immediate removal. Modi government seems to be...
By K Raveendran Vinesh Phogat’s Olympics debacle is the ultimate manifestation of the uncertainty in sports, where triumph and tragedy often converge in a moment’s breath. Phogat, a wrestler whose athletic prowess as well as her struggle against sports bureaucracy has made her a beacon of hope and defiance...
By Harihar Swarup After catching attention with her National Award winning big screen debut as Lakshmi, a low caste and morally ambiguous villager in Shyam Benegal’s Ankur 1974, Shabana Azmi has pitched out a rare feat of winning five National Awards for – Ankur, Arth (1983), Khandhar (1984), Paar...
By Branko Marcetic WASHINGTON: The vibes have not been this good for a long time. Only two weeks after President Joe Biden’s decision to end his campaign turned the 2024 election on its head, Vice President Kamala Harris has shocked the political establishment by choosing as her running mate...
MUMBAI: A cross-section of companies from India operating in Bangladesh are likely to be impacted due to the ongoing political crisis in the neighbouring country. Firms from FMCG to retail, pharmaceuticals to auto have exposure to India’s neighbour on the eastern front including Marico, Emami, Dabur, Godrej, Jubilant FoodWorks,...
NEW DELHI: Finance minister Nirmala Sitharaman will on Wednesday move amendments to the long-term capital gains tax (LTCG) provisions for property proposed in the finance bill, providing relief to individuals and Hindu Undivided Families (HUFs), following calls for a relaxation in the budget provisions. In the case of land...
NEW DELHI: The ongoing political unrest in Bangladesh, if it leads to prolonged slump in that country’s economic activities, India’s trade with it could suffer in the near-to-medium term. However, this would not have any material impact on India’s overall external trade, as the country is well-diversified exporter, the...
NEW DELHI: The seven countries in the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation (Bimstec) must finalise the regional free trade agreement (FTA) in phases for faster implementation, a study released by the Confederation of Indian Industry (CII) on Tuesday said. It added that the FTA...
MUMBAI: The Securities and Exchange Board of India (Sebi) plans to make separate registration mandatory for Foreign Portfolio Investors (FPIs) which issue offshore derivative instruments (ODIs) also known as P-notes. Participatory notes or P-notes are a type of ODI financial instruments used by hedge funds to invest in Indian...
MUMBAI: Reserve Bank’s rate-setting panel started its three-day deliberations for the next set of bi-monthly monetary policy amid expectations of no change in benchmark interest rate in view of concerns on inflation and economic growth remaining steady. The decision of the RBI Governor Shaktikanta Das-headed six-member Monetary Policy Committee...
NEW DELHI: To safeguard retail investors, Sebi has taken several measures, including cautioning them against trading on stock tips given by unregistered entities, conducting probes and issuing directions against non-compliant ones, Parliament was informed on Tuesday. Under the Sebi’s rule, no person can render investment advice unless he is...
NEW DELHI: Bangladesh, which is facing its worst political crisis since Independence in 1971, poses “significant concerns” for India’s textile and apparel sector, particularly for companies operating factories in the neighbouring country, the Confederation of Indian Textile Industry said on Tuesday. The domestic textile industry body believes that any...
MUMBAI: Electric vehicle sales registered a 55.2 per cent on-year growth at 1,79,038 units in July driven by a massive 96 per cent jump in e-two-wheeler sales, automobile dealers’ body FADA said on Tuesday. The total electric vehicles sales for July 2023 were at 1,16,221 units, according to the...
NEW DELHI: The initial public offering of SoftBank-backed SaaS platform Unicommerce eSolutions Ltd got fully-subscribed within hours of opening for subscription on Tuesday. The initial share sale received bids for 2,09,25,906 shares, as against 1,40,84,681 shares on offer, translating into 1.49 times subscription, as per NSE data till 13:42...
By Nitya Chakraborty India is faced with an unprecedented political turmoil in Bangladesh after the formidable prime minister for the last fifteen years – Sheikh Hasina Wazed– was forced by the army generals and members of her own security team to leave the country within just 45 minutes. She...
By Sushil Kutty All banks have a savings account product with minimum balance requirements. If the minimum account balance (MAB) is not maintained, a fee is charged. However, in the interest of financial inclusion, the RBI mandated that all banks should also offer a no-fee zero account balance basic...