By K Raveendran The role of State Bank of India in suppressing information about the Supreme Court-struck down electoral bonds has been well-exposed. Now more evidence of SBI’s ‘political mandate’ is emerging. For no rhyme or reason, an inhouse economist has debunked what he describes as the myth of...
By Sushil Kutty The Congress will not be able to do a repeat of the November 2023 assembly election victory. KCR’s Bharat Rashtra Samiti (BRS) hasn’t recouped its loss and isn’t in shape despite party head K Chandrashekar Rao’s frequent pep talk to party leaders and party workers. Politics...
By Harihar Swarup The suspense is over—it is Rahul Gandhi, not Priyanka Gandhi, who is contesting from Rae Bareli, the seat their mother, Sonia Gandhi represented five times since 2004 until she entered Rajya Sabha a month ago. And party worker Kishori Lal Sharma will face BJP’s Smriti Irani...
By James M Dorsey This week’s Gazan short-lived celebration of a ceasefire that was not to be, highlights what is at stake in the seven-month-old war and Israel’s refusal to end the carnage. Thousands poured into Gazan streets within minutes of Hamas advising it had accepted a Qatar and...
By Girish Linganna Relations have soured since Joe Biden labelled India as ‘xenophobic’. Additionally, tensions have been fuelled by criticisms from Washington and a foiled assassination attempt. However, experts believe that Washington will make sure that nothing hinders its strategy to work with New Delhi in order to counter...
By Luca Decola On International Workers’ Day, Gustavo Petro, Colombia’s first left-wing president, announced that the country would sever diplomatic ties with Israel over its ongoing genocidal assault on Gaza. “Tomorrow we will break diplomatic relations with the state of Israel for having a government, for having a president...
By Victor Grossman BERLIN – It was May 10 in Germany’s terrible year, 1933. Hitler had been in power for hardly three months, when students and staff emptied the university libraries of forbidden books and threw them, an estimated 20,000 books by over a hundred authors, into the flames...
NEW DELHI|MUMBAI: The government is evaluating Reserve Bank of India draft rules calling for higher provisioning in infrastructure projects, while lenders are likely to oppose them on multiple forums. Officials cited concerns that they could lead to a rise in interest rates and derail capital expenditure momentum. After the...
NEW DELHI/MUMBAI: State-run lender REC has lined up major plans to raise funds from overseas, preparing itself for the expected jump in demand for credit from all segments of the power industry, as the government aims to double capacities by 2032.The lender is planning to take a blended loan...
NEW DELHI: The government has managed to significantly bring down imports of toys with its fiscal and administrative measures, but its attempts have not made a dent on their exports, according to a study. India’s toy imports decreased drastically to $64.9 million in FY24 from $304.1 million in 2018-19....
NEW DELHI: The corporate affairs ministry is considering a faster way of transferring to beneficiaries shares, dividends and matured debentures in inactive accounts that have not been claimed for years, said a person privy to the development. Such securities, dividends and debentures that remain unclaimed for more than seven...
NEW DELHI: The government is considering various strategies to ensure a nationwide rollout of the four labour codes even though some states and Union territories are yet to come out with draft rules under one or more of these codes. The ministry of labour and employment is considering several...
NEW DELHI: The Government is in the process of formulating standards for over 2,000 medical devices being produced in the country in order to make them globally competitive. “Zero defect, full effect, this is our mission. Through BIS, we are making product standards for medical devices which would be...
NEW DELHI: The number of ghost shopping malls — those with vacancy of more than 40 per cent — increased to 64 last year from 57 in 2022 across eight major cities as retailers and consumers are preferring premium properties, according to Knight Frank. Real estate consultant Knight Frank...
NEW DELHI: The Indian FMCG industry experienced a 6.5 per cent growth in volume terms at a national level in the January-March period of 2024, with rural consumption surpassing urban for the first time in five quarters, according to consumer intelligence firm NielsenIQ. Both food and non-food sectors contributed...
NEW DELHI: The country’s toy exports declined marginally to USD 152.34 million in 2023-24 from USD 153.89 million in the previous financial year, according to a report by economic think tank GTRI. The Global Trade Research Initiative (GTRI) said that India’s toy exports did not benefit much from the...
MUMBAI: The rupee consolidated in a narrow range and settled higher by 1 paisa at 83.51 against the US dollar on Tuesday, amid a negative trend in domestic equities and strong dollar demand. Forex traders said elevated significant foreign fund outflows in the international market dented investors’ sentiments. At...
By Dr. Gyan Pathak In the beginning, Narendra Modi promised “good days”, but it didn’t come even after 10 long years of his rule in India. Then there was opposition’s hue and cry against him. General Election 2024 was knocking at the door. Under his nose, in the capital...