45 C 
Slovak PM's life no longer in danger
Slovak Prime Minister Robert Fico's life is no longer in danger following an assassination attempt, Deputy Prime Minister Robert Kalinak said on Sunday.Fico has been in hospital since Wednesday when a lone gunman shot him four times, including in the abdomen.He has emerged from the immediate threat to his life, but his condition remains serious and he requires intensive care, Kalinak, Fico's closest political ally, told reporters.The Slovak premier underwent a five-hour surgery on Wednesday and another surgery on Friday, both at a hospital in the central city of Banska Bystrica.We can consider his condition stable with a positive prognosis, Kalinak said outside the hospital, adding, We all feel a bit more relaxed now.Kalinak added that Fico would stay at Banska Bystrica for the moment.The suspected gunman, identified by Slovak media as 71-year-old poet Juraj Cintula, has been charged with attempted premeditated murder and was put in pre-trial detention by a special penal court on Saturday.Fico was shot as he was walking to greet supporters after a government meeting in the central mining town of Handlova.Kalinak said earlier that Fico had suffered four gunshot wounds, two light, one medium and one serious. Interior Minister Matus Sutaj Estok said that if one of the shots went just a few centimetres higher, it would have hit the prime minister's liver.The 59-year-old Fico took office in October after his centrist populist Smer party won a general election.He is serving his fourth term as prime minister after campaigning on proposals for peace between Russia and Slovakia's neighbour Ukraine, and to halt military aid to Kyiv, which his government has done.Kalinak said the government would carry on without Fico according to the programme he has outlined, including two meetings next week.The assassination attempt has deeply shocked the EU and NATO member country of 5.4 million people, already sharply divided over politics for years.
Govt recovers 852 crore under amnesty scheme for exporters
The countrys merchandise exports rose by 1 per cent to $34.99 billion in April, even as trade deficit widened to a four-month high of $19.1 billion.
Weight loss comparison: Stairs vs strolls which is more effective?
When it comes to weight loss, both stair climbing and walking have their advantages, but their effectiveness can vary depending on individual factors and preferences.
As a non-resident, what is the tax liability on exiting Indian MF investments?
Mutual fund units qualify as capital assets, and any capital gains made on their transfer will be considered as having accrued or arisen in India and are hence taxable in the country, even if you qualify as an NR in India.
Factors that will guide the markets this week
The last batch of quarterly earnings, global trends and trading activity of foreign investors will guide the equity market movement in a holiday-shortened week ahead, analysts said. Volatility may continue amid investors' cautious approach in the election season. Markets will remain closed on Monday due to the fifth phase of the Lok Sabha elections in Mumbai.
Mcap of 8 most valued cos up Rs 1.47 lakh cr
Visiting Central Delhi today? Delhi Police advise commuters to avoid these roads and metro stations
Delhi Police have heightened security around BJP headquarters ahead of an AAP protest announced by Arvind Kejriwal. AAP didn't seek permission for the demonstration. Traffic police issued an advisory, warning of heavy traffic and road closures near the BJP office. The DMRC closed ITO Metro Station nearby. Kejriwal accused PM Modi of targeting AAP leaders, vowing to protest at the BJP office. Residents adjust travel plans amid heightened security concerns.
6 smart borrowing strategies for long-term financial health
In 2023, India witnessed notable changes in its financial sector, particularly in borrowing patterns. Young consumers are increasingly opting for flexible credit products like personal loans and credit cards.
What are the advantages of marginal trading facility?
Kejriwal begins protest march towards BJP HQ
ITC CMD Sanjiv Puri Takes Over as CII President
CII elects new office bearers for 2024-25; Rajiv Memani takes over as CII President-Elect for 2024-25, R Mukundan is Vice President
Bengaluru streets turn red as RCB fans celebrate
Nepal switches to local spices after India ban
Sheikh Abdullah's legacy abound in Kashmir polls
US inflation eases; package for China property crisis
Trading journal is the most underrated risk mitigation technique. Heres a 5-step guide
This week Finance Minister Nirmala Sitharaman was addressing brokers in BSE. She appealed to the exchanges to maintain stability and mitigate systemic risk to protect the retail investor. The regulators have done a fantastic job of protecting the investors. But the onus shouldnt be theirs alone. As a responsible individual, you too must do a few things to protect yourselves. I have already shared a few articles on how you can succeed as a trader here, here, and here. Today, I am going to talk about one of the most underrated risk mitigation technique - trading journal. The trading journal is an indispensable way to enhance ones trading skills. It helps you systematically record all trades, which helps you identify your strengths and weaknesses, analyze trades, and create a strategy that will make you profitable. For every professional trader, a trading notebook is an essential tool that provides an organized method for evaluating and enhancing trading performance.Here are some key advantages of maintaining a trading journal.It gives a complete pictureMaintaining a trading journal gives you a complete view of your performance by recording entries, exits, and positional sizing. With the comprehensive view, you can thoroughly examine your trading practices and tactics, making sure no aspect is missed.It helps plan and execute your trades easilyTrading journal help you to plan your trades by writing down predetermined entry and exit points. This planning lowers the possibility of mistakes by ensuring that every trade is carried out by a well-considered strategy.It helps identify what works and what doesntExamining past trades helps to understand what works and what doesnt in the market. Identify your winning strategy pattern and try to improve it by using various possible ways. This continuous feedback loop is essential to improving overall performance and your trading strategies.It helps keep your emotions in checkA crucial component of successful trading is emotional restraint. A trading journal will help you to identify your emotional triggers that cause an impulse action. It gives an opportunity to overcome your triggers and making logical trading decisions facilitated by emotional control. It helps you develop a systemDeveloping a robust trading system is necessary to survive and become profitable in trading. You can create a customized trading system as per your strengths and preferences with the aid of a data-driven approach. Now you must have understood why maintaining a trading journal is necessary, I will give you a step-by-step guide to making a trading journal. Determine your trade in advanceFailing to plan is planning to fail. So, before entering into any trade it is essential to have a predetermined plan. Your trading strategy should have fixed entry and exit criteria, along with risk management guidelines, and profit targets. A well-thought-out plan acts as a road map, guiding you through the market's ups and downs. Record trade detailsAfter executing the trade, one must record the date and time, entry and exit, positional size and stop loss (to keep a track of the risk you are willing to take), trade rationale, and outcome of the trade in a trading journal. This detailed record serves as the raw data for analyzing your trading performance in future. It lets you spot trends, track progress, and gradually improve your tactics.Note down your emotional and psychological factors while tradingIt is essential to record your emotional and psychological behavior during every trade. Note your feelings (e.g. greed, fear, anxiety, confidence) and the factors that influenced your mindset (e.g., market volatility, personal stress). Understanding your emotions while trading helps in identifying triggers that lead to impulsive or irrational decisions. Upon identification of the patterns, one can find his/her way to overcome them. Consistent Analysis for Continuous Improvement Frequent evaluations offer a methodical means of evaluating your performance. Continuous improvement requires reviewing your trading journal regularly. Every week, every two weeks, or every month, set aside time just to review your trades. Identify the pattern in your successful and unsuccessful trades. Evaluate the trades on the basis of risk reward, and win ratio, and compare yourself if you are beating the index or not. Identify effective techniques and improve them. Improve Performance Based on Past DataThe objective of keeping a trading journal is to leverage the information gathered to enhance performance going forward. Use the past data to identify different strategies that work in different market conditions. You can improve the consistency and profitability of your trading methods by methodically implementing these ideas.If you start preparing a trading journal then I can assure you that your trading performance will improve. You will reduce your risk and improve your probability of success in markets and launch you on a journey to ace the index.
Kannauj makes a comeback as Indias perfume capital
Amazon, Boond Fragrances revive the tradition of producing attar, naturally
What is going to be the main focus for HUL?
'Although currently, urban areas contribute more to growth than rural, there is no reason why rural areas should not contribute.'
IPL 2024: Royal Challengers Bengaluru qualify for playoffs, defeat CSK by 27 runs in a thriller
Elon Musk in Bali to launch Starlink
Elon Musk arrived in Indonesia's resort island of Bali on Sunday to launch Starlink satellite internet service in the world's largest archipelago nation. The billionaire head of Tesla and SpaceX and owner of social platform X arrived by private jet on the idyllic island of the gods, which is renowned for its tropical beaches, terraced rice paddies, mystical temples and colorful spiritual offerings. Musk is slated to launch the service alongside Indonesian President Joko Widodo in a ceremony later Sunday at a public health clinic in Denpasar, the provincial capital of Bali. Musk will also sign an agreement on enhancing connectivity in the country's health and education sectors, said Indonesia's Coordinating Minister of Maritime and Investment Luhut Binsar Pandjaitan, who welcomed Musk at the airport. Pandjaitan, a close ally of Widodo, did not provide more details about the agreement between the Indonesian government and Musk's SpaceX, the aerospace company that operates Starlink services. He said launching the service at a health clinic aligns with Starlink's broader mission of providing affordable access to high-speed internet services, particularly in underserved and remote regions. Indonesia is a vast archipelago of 17,000 islands sprawled across three time zones with a population of more than 270 million. Our remote regions need Starlink to expand high-speed internet services, especially to help with problems in the health, education and maritime sectors, Pandjaitan told reporters ahead of the ceremony in Denpasar. Communication and Informatics Minister Budi Arie Setiadi said earlier that local internet providers, which rely on base transceiver stations to transmit signals, are unable to reach outer islands because they have limited coverage. Starlink's satellites, which remain in low orbit, will help them deliver faster internet speeds with nationwide coverage. During his first in-person visit to Bali, Musk is also scheduled to participate in the 10th World Water Forum, which seeks to address global water and sanitation challenges. Musk spoke in 2022 at the B-20 business forum ahead of a summit of the Group of 20 leading economies that took place in Bali. He joined the conference by video link weeks after completing his heavily scrutinized takeover of Twitter. Musk's visit comes just weeks after Apple CEO Tim Cook met Widodo on April 17 and said the company would look at manufacturing in Indonesia. Microsoft CEO Satya Nadella visited on April 30 and said the company would invest USD 1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia. Indonesia under Widodo has promoted development of the digital technology and information sectors, aiming to achieve the government's Golden Indonesia 2045 Vision. The country hopes to become one of the world's top five economies with a GDP of up to USD 9 trillion, exactly a century after it won independence from Dutch colonizers.
CEA Nageswaran calls on industry to reciprocate deregulation efforts
Flagging reports of Indian automobiles failing safety standards, and of misleading labelling on food products, Chief economic adviser V Anantha Nageswaran said the industry has to make a compact with society as well.
IMEC: Indian team in UAE discusses start of work on trade route
An Indian delegation visited ports in the United Arab Emirates, including the Port of Fujairah, to discuss kickstarting the India-UAE leg of the proposed India-Middle East-Europe Economic Corridor (IMEC) with customs authorities. The visit aimed at preparing the India-UAE leg of the IMEC while awaiting peace in the region for the Israel part.
3 held for cheating investors of 60 cr in real estate fraud
Three held for conning over 350 investors of 60 cr. in real estate fraud
J-K: Terrorists fire on open tourist camp
Exclusive: Stanza Living raises $13 Mn led by Alpha Wave
Managed accommodation provider Stanza Living has raised Rs 110 crore ($13 million) in what appears to be a bridge round led by Alpha Wave. The equity round is coming after a gap of more than three years for the Delhi-based startup. The board at Stanza Living has passed a special resolution to issue 1,207 preference Continue reading Exclusive: Stanza Living raises $13 Mn led by Alpha Wave The post Exclusive: Stanza Living raises $13 Mn led by Alpha Wave appeared first on Entrackr .
Who is Nancy Tyagi? This designer from UP spent 30 days to create her red-carpet gown for Cannes
Tyagi, a designer and fashion influencer based in Delhi, boasts a staggering following of over 891K on Instagram. Initially intending to prepare for the UPSC exams, she serendipitously uncovered her passion for fashion upon arriving in Delhi. Her remarkable journey has been adorned with accolades, such as the prestigious titles of 'Disruptor of the Year' and 'The Fashion Favourite Heritage Icon of the Year' at the National Creators Award 2024. Furthermore, her talent was duly recognized in the 'Creators For Good' category at the Femina award ceremony.
Chandu Champion trailer out! Karthik Aaryan shines as a decorated war veteran-turned-wrestler
In the trailer for his upcoming sports drama 'Chandu Champion', Karthik Aaryan undergoes a remarkable transformation into a war veteran turned wrestler, showcasing a willingness to overcome challenges at any cost. The 'Bhool Bhulaiyya 2' actor unveiled the trailer in his hometown of Gwalior on Saturday. The dynamic, high-energy trailer offers a compelling glimpse into the emotional journey of the titular character as he navigates through different stages and milestones of his life.
Need to empower Indian youth for an AI-driven future, says CEA Nageswaran
Focusing on health of youth cohort as important as getting them AI-ready
FSSAI asks traders and FBOs to comply with norms for artificial ripening of fruits
The use of calcium carbide, which releases harmful acetylene gas, is prohibited due to its health risks, including dizziness, vomiting, and skin ulcers
Shipping Ministry working to reach 80% landlord model at major ports by 2030: Ramachandran
In the landlord model, private players take over the operational aspects, while the port authority acts as a regulator and landlord
Labour secretary Sumita Dawra said the labor reforms have been put in place with an eye on ease of doing business, simplification, and reduction in compliance burden, decriminalization and seamless dispute resolution, promotion of labor market flexibility at the same time in harnessing female participation, leveraging technologies, and meeting the scale needs of the economy, whether at the national or international level.
NCLT approves IL&FS Transportation Networks share sale to Roadstar Infra InvIT
The NCLT order permits IL&FS Transportation Networks to proceed with the share purchase agreement with Axis Trustee Services Limited and Roadstar Investment Managers
FSSAI warns traders against use of calcium carbide
Had packed my bags in April itself, says Virat Kohli
Connaught Place: History, area, owner, rent, other unknown facts
Delhi's Connaught Place (CP) is the beating heart of the city, capturing its commercial, cultural, and historical essence.
Hyderabad: 3 held for duping investors of Rs 60 crore in real estate fraud
Hyderabad: The real estate sector in Hyderabad witnessed yet another scandal with Bharathi Lake Views fraudulent ventures now coming to light. On May 17, 2024, the Economic Offences Wing (EOW) Police of Cyberabad said, three individuals were arrested in connection with a fraud involving pre-launch offers for residential apartments at Bharathi Lake View in Kompally, Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
EPFO has released a circular detailing the settlement of physical claims in death cases. The numerous cases mentioned by the EPFO include a) Where incorrect member details are given in aadhaar, b) Unavailability of aadhaar in respect of pre-aadhaar death cases, c) Aadhaar got deactivated, d) others
DPIIT working on improving Indias ranking in World Banks revamped business environment survey
Further FDI liberalisation could be considered by new govt; inverted duty structure to be addressed
Unlocking the potential of precision animal nutrition for sustainable dairy
It offers a transformative approach to livestock farming that benefits the health of the animals, environment and economic interests of farmers
Income Tax Department raids Gujarat-based real estate group - Lokmat Times
Income Tax Department raids Gujarat-based real estate group Lokmat Times
Income Tax Department raids Gujarat-based real estate group - Daijiworld.com
Income Tax Department raids Gujarat-based real estate group Daijiworld.com
ED chargesheet against AAP: Court to consider Mon
India imposes anti-dumping duty on pentaerythritol imports from China, Saudi Arabia and Taiwan
Kanoria Chemicals had filed the petition seeking anti dumping probe
Congress' Rae Bareli fortress seems impregnable but...
Centre to evaluate PM KISAN scheme to assess its impact on farmers
To be undertaken by the Development, Monitoring and Evaluation Office of NITI Aayog, the evaluation is being done to understand the success of the scheme in supplementing the financial needs of the farmers, its impact on farm income and the extent to which it has reduced dependence on moneylender. The scheme costs the government Rs 60,000 crore a year.
Sebi held consultations with the industry representatives from AMFI and various AMCs, and has now proposed that mutual fund schemes may invest in such overseas mutual funds which have exposure to Indian securities not more than 20 percent of their net assets
Future of manufacturing: Unilevers Dubai factory leads the charge in 4th industrial revolution
Funding and acquisitions in Indian startups this week [13-18 May]
During the week, as many as 26 Indian startups raised around $240 million in funding. These deals include 9 growth-stage deals and 15 early-stage deals. Meanwhile, two early-stage startups did not disclose the amount raised. Last week, about 24 early and growth-stage startups collectively raised around $320 million capital. [Growth-stage deals] Among the growth-stage deals, Continue reading Funding and acquisitions in Indian startups this week [13-18 May] The post Funding and acquisitions in Indian startups this week [13-18 May] appeared first on Entrackr .
Indian seafarers remain most abandoned at sea
Mumbai airport handled 4.36 million passengers in April
There was a 42% rise in passenger traffic from April 2022 and 131% recovery from April 2019
Modi inciting people, dividing society: Kharge
Delhi heatwave alert: Temperature may soar above 45 today
Met department forecasts a partly cloudy sky, heatwave, and strong surface winds for the day. Heatwave conditions, defined as a maximum temperature exceeding 4.5 degrees above normal, reaching at least 45 degrees Celsius, are expected.
Modi's allegation of insult to Uttar Pradesh, a cheap tactic says DMK chief M K Stalin
DMK President M K Stalin criticizes PM Narendra Modi for divisive propaganda and neglecting key issues like reservation and welfare schemes in Tamil Nadu, accusing him of obstructing development projects and spreading lies during elections.
Celebrity Kangana vs 'royal' Vikramaditya on Himachal's Mandi seat: Clash of richest titans
In Himachal Pradesh's Mandi Lok Sabha constituency, the BJP's Kangana Ranaut and Congress's Vikramaditya Singh engage in a fierce campaign focusing on development, governance, and legacy. The battle for voter support intensifies as the two candidates highlight their agendas and seek to sway the electorate.
Will UPI cash deposit facility render debit cards irrelevant?
RBI's decision to allow UPI for cash deposits at ATMs may render debit cards irrelevant as mobile payments surge. Debit card usage has stagnated, while mobile payments have more than doubled in the last three years, according to RBI data.
Atishi: Maliwal might have accused Kejriwal, if...
AAP leader Atishi on Saturday claimed that Swati Maliwal is facing charges and potential arrest in an illegal recruitment case registered by the ACB and has been made the face of a conspiracy by the BJP. She further added that if CM Arvind Kejriwal had not been busy when Maliwal visited him, she might have accused him instead of Bibhav Kumar in the assault case.The AAP leader added that if the Delhi Police were impartial, they should register a case based on Delhi CM's aide Bibhav Kumar's complaint against MP Swati Maliwal.Meanwhile, Delhi Police Forensic Science Laboratory team reached Delhi CM Arvind Kejriwal's residence and collected a dump of CCTV cameras, as per ANI sources.Delhi Police has taken the dump of CCTV cameras installed at the entry and exit points into Pen Drive.The development came after Aam Aadmi Party (AAP) Rajya Sabha MP Swati Maliwal also has alleged that the closed-circuit television (CCTV) cameras installed at the Delhi CM's residence were being tampered with.
India has a vibrant democracy: White House
'Super Rich in Korea' on Netflix: 3 hidden money lessons to learn from the series
Explore the extravagant lives of Korea's super-rich, their lavish spending on designer items, and the hollowness of their displays of wealth. Follow the stories of individuals like David Yong and Aren Yoo, reflecting on the consequences of flaunting wealth and the importance of discretion.
Hardik Pandya fined Rs 30 lakh due to slow over-rate
Taarak Mehta actor Gurucharan Singh returns home
Donald Trump wants to control the Justice Department and FBI. His allies have a plan
Donald Trump's allies aim to reshape the Justice Department to align with conservative causes, potentially compromising its independence and core values in a second Trump presidency.
ECI issues notice to BJP's Abhijit Gangopadhyay over remark on Mamata Banerjee
The Election Commission of India issued a showcause notice to Abhijit Gangopadhyay, a BJP candidate, for improper comments about Mamata Banerjee, seeking a ban on public activities and criminal proceedings.
UN raises India's 2024 growth forecast to 6.9%
The revision by the UN follows similar moves by other multilateral agencies following India's strong economic performance last fiscal.
The BJP aims to maintain and improve its performance in western Odisha, focusing on the leadership of Dharmendra Pradhan. The party won three out of five Lok Sabha seats in the region in 2019, and is working to secure its position in the upcoming polls. Pradhan, a prominent leader in the state, is contesting from Sambalpur this time. BJP faces competition from BJD, which has a strong presence in the region with schemes for the poor and tribals. The upcoming elections in Odisha are crucial, with Chief Minister Naveen Patnaik contesting from two seats, indicating a tough contest.
US shows understanding of Chabahar Port operations importance: India
The United States has shown an understanding of the importance of the Chabahar Port operations for continued humanitarian supplies to Afghanistan and to provide Afghanistan with economic alternatives, the Ministry of External Affairs said on Friday, reminding Washington of its own position on the project.
Lull in real estate market in China is restraining demand for steel in 2024
Will Beijing take stimulus measures to boost economy for maintaining growth ? By Kunal Bose WorldSteel in its latest short-term global outlook report says about China: The outlook for 2024 is uncertain. The real estate market and exports will continue to exert negative pressure on steel demand and it might contract in the absence of [] The post Lull in real estate market in China is restraining demand for steel in 2024 appeared first on Northlines .
Why India's next NSA should be a space scientist
M and M shifts to high gear with Rs 37K cr investments
Automotive (auto) major Mahindra and Mahindra (M and M), which is readying to launch nine sport utility vehicles (internal combustion engine/ICE), seven Born Electric Vehicles (BEVs), and seven light commercial vehicles by 2030, has outlined an investment of Rs 27,000 crore in its auto business between 2024-25 (FY25) and 2026-27 (FY27). Over the next three years, the company will deploy Rs 37,000 crore, including its auto business, farm business (Rs 5,000 crore), and service business (Rs 5,000 crore).
Vi mulls rolling out 5G on large scale in 6 months, plans up to Rs 55,000 cr investment in 3 yrs
Vi CEO Akshaya Moondra said the company's investment will focus on expanding and strengthening coverage in 17 priority circles to be competitive.
Reliance Capital Administrator seeks 10 days extension from RBI to transfer assets to Hinduja Group
The National Company Law Tribunal (NCLT) Mumbai, while approving the resolution plan on February 27, directed IndusInd International Holdings Ltd to implement it within 90 days ending May 27.
Forex reserves jump $2.56 bn to $644.15 bn
India's forex reserves jumped $2.56 billion to $644.15 billion for the week ended May 10, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the kitty had increased $3.67 billion to $641.59 billion after three consecutive weeks of decline.
India's spice export may fall 40 pc if EtO contamination issue not resolved quickly: FISS
The Federation of Indian Spice Stakeholders (FISS) on Friday said India's spice export may decline nearly 40 per cent in FY25 if the issue of ethylene oxide or EtO contamination in spices meant for exports is not addressed at the earliest. The statement came against the backdrop of Hong Kong and Singapore banning the sale of popular brands MDH and Everest after detecting carcinogenic chemical ethylene oxide in their products, leading to a mandatory recall from shelves.
'Ind can become 3rd largest economy by 2027'
India could become the third largest economy globally by 2027-28 if the country continues the growth momentum witnessed in the last two decades, 16th Finance Commission Chairman Arvind Panagariya said on Friday. He also said that during the last two decades, beginning 2003-4, India has ended extreme poverty. The extreme poverty, currently, is not more than 3 per cent of the total population.Growth has been across the board because poverty does concentrate in rural areas. With overall poverty falling to low levels, extreme poverty has been conquered largely, Panagariya said.Speaking at the CII's Annual Business Summit 2024, Panagariya said there is a problem of under-employment in the agriculture sector as a large portion of the workforce is engaged in the segment, and there is a need to move them out of the vertical to industry for faster urbanisation. A large part of the workforce in agriculture has to move to industrial or services economy, and that is the pathway to transformation, Panagariya said. Currently, 45 per cent of India's workforce is employed in agriculture and the sector contributes 15 per cent of GDP. This means the average productivity in agriculture is one-third the average productivity in the economy.Talking about growth, Panagariya said in the last two decades, starting 2003-04, India has grown at about 8 per cent in real GDP in US dollar terms. In nominal terms, the GDP growth has been 10.2 per cent in the past 20 years. A lot of what we have today has transpired in the last two decades. During this period, we dealt with the global financial crisis and COVID shocks. It is that growth, which has put us in the fifth spot in international GDP ranking in dollar terms. This rate, if we continue to grow in the forthcoming years, we could become the third largest by 2026-27, but more likely 2027-28 is when it is likely to happen, Panagariya said. India, with a GDP of roughly USD 3.4 trillion, is currently the fifth largest economy in the world, after the US, China, Germany and Japan.
Addressing a session at the Confederation of Indian Industrys Annual Business Summit 2024, Tiwari said the idea is to bring skilling and education on a common platform which enables multiple entry and exits between education, skilling and employment through credits that in turn will help individuals scale up in their careers.
Nirmala Sitharaman engages with commuters, takes Delhi Metro ride to Laxmi Nagar
Union Finance Minister Nirmala Sitharaman took a ride on the Delhi Metro to Laxmi Nagar, engaging with commuters during her journey, emphasizing the significance of public transport and connecting with people's everyday lives.
Agra's White Marble showdown: Soami Bagh takes on the Taj Mahal
A new white marble structure in Agra, Soami Bagh, has become a spiritual and architectural attraction, drawing tourists who compare it to the iconic Taj Mahal. Taking 104 years to build, the mausoleum stands as a testament to unwavering faith and dedication. While the Taj Mahal remains a top tourist spot for its romance and grandeur, Soami Bagh offers a unique blend of architectural splendor and spiritual solace, captivating visitors with its intricate craftsmanship and majestic presence.
Indian consumer market sees significant drop in average buyer age across cars, smartphones, and TVs
Over the past 5-6 years, the average age of Indian consumers purchasing cars, premium smartphones, and large televisions has decreased significantly, indicating a shift towards younger demographics. Major car manufacturers like Maruti Suzuki, Hyundai Motor, and Mercedes-Benz note a decline in the average buying age from the 40s to the mid-30s, with over 70% of electric car buyers being in their 20s and 30s. Similarly, the average age for purchasing Apple iPhones and large-screen televisions has dropped from the 30s to the late 20s to early 30s.
Was denied insulin for 15 days in jail: Kejriwal
Wrong CUET-UG paper distributed in Kanpur
The National Testing Agency said on Friday that the CUET-UG exam at a centre in Uttar Pradesh's Kanpur where the wrong question paper was distributed will be conducted on May 29. The agency also denied reports of the question paper being leak at the centre. The exam will be conducted on May 29 for over 220 students at an exam centre at Maharana Pratap Group of Colleges in Kanpur. This decision was taken after a wrong question paper was distributed on May 15, a senior National Testing Agency (NTA) official said. There was no paper leak, the invigilators mistakenly distributed English medium question papers to Hindi medium students, the official added. The NTA will also conduct the CUET-UG exam for Delhi centres on May 29 as the May 15 exam was postponed a night before, citing unavoidable reasons. A similar incident occurred while conducting the NEET-UG exam on May 5 during which Hindi medium students at one centre in Rajasthan's Sawai Madhopur were handed English medium question papers. Their exam was later conducted on the same day. The NTA had also refuted reports of a paper leak in the exam. The third edition of the country's largest test is being conducted in hybrid mode for the first time. The exams of four subjects -- Chemistry, Biology, English and General Test -- were scheduled for May 15. The offline tests will be conducted between May 15 and May 19, followed by computer-based tests for other subjects between May 21 and May 24.
DoT to launch pilot for caller name display
From time to time, Sebi has released circulars to make a set of rules which govern the criteria for credit rating agencies. The regulator has now released a master circular to enable the investors to have access to all the directions at one place.
ET Circle: Watch Cyril Shroff of Cyril Amarchand Mangaldas unravel his legacy in law and leadership
Immediate Annuity Plan vs. Fixed Deposit in India
Planning your finances is crucial to ensuring a pleasant future. Annuity plans and fixed deposits are two well-liked financial vehicles that have drawn a lot of attention because of their stability and potential for rewards. These financial instruments make excellent pension plans in India and may play a key role in creating a solid retirement strategy. What is an annuity plan? An annuity plan is a contract between an individual and an insurance company. In this plan, the individual pays a lump sum amount or a series of payments in exchange for regular disbursements made by the company after retirement. Features and benefits of annuity plans Guaranteed income Annuity plans provide a stable stream of income after retirement, supporting ones golden years. Flexibility They have different payout options such as immediate annuity and deferred annuity. Life cover Some annuity plans additionally offer a life cover benefit. Tax benefits Annuity plans offer tax benefits as per Section 80CCC of the Income Tax Act. Protection against longevity risk Annuities provide lifelong income, ensuring that the individual will not outlive their savings. What is a fixed deposit? The fixed deposit is an investment product where an individual deposits a lump sum amount with a bank or a financial institution for a predetermined period and earns interest over that period. Features and benefits of fixed deposits Assured returns Fixed deposits guarantee a fixed rate of return irrespective of market swings. Safety They are often considered as one of the safest investment options. Flexibility The fixed deposit provides a variety of tenure options, generally from 7 days to 10 years. Loan facility Banks offer collateral loan against fixed deposits of up to 90% of the deposit amount. Tax benefits Tax saver fixed deposits are deductible under Section 80C of the Income Tax Act. Investment amount Fixed deposits are highly flexible when it comes to the investment amount. With just Rs 1000, you can open a fixed deposit account which is a more affordable option for many. This flexibility endows individuals from different economic groups the opportunity to invest and grow their wealth over time. However, annuity plans have a very large initial payment. This amount of lump sum is utilised by the company to generate and provide a guaranteed income for the retirement period. Even though the initial investment is high, the dividends in the form of stable retirement income can make it a profitable investment. Liquidity Liquidity is the measure of how fast an investment can be converted into cash. Fixed deposits are highly liquid. While they are parked to be held until maturity, many banks permit premature withdrawal of deposits. But this comes with a penalty, which is adjusted against the offered interest rate. Annuity plans may not be as liquid. After you invest in an annuity plan, the money is usually immobilised for a long time. This could be until retirement or for a fixed number of years, depending on the agreement. This lack of liquidity implies that you can't get your hands on these funds in the event of an emergency. Tenure period The term of a fixed deposit can be extremely flexible. According to your financial objectives, you can select a tenure from seven days to ten years. This helps you to match your investment with your financial goals. On the other hand, annuity plans are long-term investments. They are designed to be a regular source of income post-retirement. This is a long-term income that can secure your financial well-being and peace of mind through your retirement years. Early withdrawal Fixed deposits provide for early withdrawal. If you need to access your funds before the maturity date, you can go ahead. Nevertheless, an early withdrawal penalty is levied. It could be in the form of a lower interest rate. However, annuity arrangements do not allow for early withdrawals. An annuity's fund cannot normally be withdrawn until the end of the tenure. This might be a drawback if you suddenly need to access your money. Tax and risk on investment Annuity plans and fixed deposits both have tax advantages. Under the Income Tax Act Section 80C, fixed deposits are eligible for tax deductions. Similarly, Section 80CCC allows contributions made to annuity schemes to be deductible. However, each kind of investment has a different level of risk. As they provide guaranteed returns and are not dependent on the market, fixed deposits are considered a safer alternative. Although annuity plans do provide a steady income, they are riskier as the payment is subject to fluctuations in interest rates and other factors like inflation. Your retirement plans , risk tolerance, and financial objectives, all play a major role in your decision to choose a fixed deposit or an annuity plan. With their special benefits and features, both make great pension plans in India. For this reason, it is wise to take into account both of these products in your financial planning in order to guarantee a stable and well-rounded retirement. RBI Holds Steady Amidst Inflation Concerns: Interest Rates Unchanged Here's How China Overtakes US as India's Top Trading Partner US Eyes 100% Tariff on Chinese Electric Cars: Trade Tensions Escalate
RBI Approves Pradeep Natarajan as Whole Time Director of IDFC FIRST Bank
The Reserve Bank of India (RBI) has given the green light to Pradeep Natarajan's appointment as Whole Time Director on the Board of IDFC FIRST Bank, the private sector lender confirmed. In a regulatory filing on Thursday, IDFC FIRST Bank announced, RBI...has accorded its approval to appoint Pradeep Natarajan as Whole Time Director, designated as Executive Director of the bank for a period of three years. The bank stated that it will now proceed with the necessary procedures to finalize Natarajan's appointment as Executive Director. However, the appointment is contingent upon the approval of the bank's shareholders. In financial news, IDFC FIRST Bank reported a net profit of Rs 724 crore for the fourth quarter ending March 2024. The bank's gross Non-Performing Assets (NPAs) also saw an improvement, decreasing to 1.88 per cent of gross advances as of March 31, 2024, from 2.51 per cent in March 2023. Similarly, Net NPAs decreased to 0.60 per cent from 0.86 per cent at the end of 2024. FM Sitharaman Pitches Indias Future as a Developed Economy at CII Business Summit Immediate Annuity Plan vs. Fixed Deposit in India Know these important things before opening PPF account
Trai to tighten rules to check pesky calls
The Telecom Regulatory Authority of India (Trai) will further strengthen rules around pesky communications, including increasing penalties, as it looks to curb the menace hurting mobile phone consumers. The regulator will also come out with a consultation paper in the coming months to tighten the rules.Already there is a Trai regulation and a robust system in place. But some people are misusing the system, so we will revise the system and make it stronger, Trai chairman Anil Kumar Lahoti said Friday.The regulator will work on curtailing people calling from normal 10-digit numbers to make promotional calls. The government has made 140 numbering series for promotional calls, but the same series was available for service and transactional calls.We have recommended, and the Department of Telecommunications (DoT) has already allotted a new series, 160 for service and transactional calls, so that there will be different series for promotional calls and separate series for transaction and service calls, Lahoti said.The allotment of numbers for 160 series is in progress, that will further help curtail pesky communications.The Consumer Affairs Department has also come out with draft rules to curtail pesky communications, terming them as unfair trade practices.The entire government, be it Department of Financial Services, Consumer Affairs Department, DoT and Trai, all are working in tandem, and we are completely conscious of the problem and to address this problem, the chairman said.We have already given our recommendations to the government for CNAP (calling name presentation) that will also help, he added.Seeking to put a stop to promotional messages from normal 10-digit mobile numbers, the regulator in 2021 came out with a blockchain-based distributed ledger technologies (DLT) platform for enterprises and telemarketers. It told telcos to enable transmission of promotional messages only through this channel after proper KYC process. Enterprises and telemarketers need to obtain a header and register message templates, and they can send messages only in conformance with these.Preceding that was the do not disturb (DND) system started by Trai, where a user had to request to be included in such a registry.However, despite all these initiatives, people get numerous and daily spam or promotional messages from unregistered telemarketers. Such messages mainly come from the financial services and real estate sector.Now, various departments of the government are working together. DoT has already launched a platform named Chakshu to report fraud communications. Trai and DoT will also collaborate with the consumer affairs ministry to create a helpline for consumers to lodge complaints against pesky calls. They will also collaborate with the consumer affairs ministrys Jago Grahak Jago initiative to spread awareness about the helpline number.
India aims to produce 340 mln ton of foodgrains in 2024-25
Air India partners with MedAire for in- flight medical assistance
Air India has partnered with MedAire to offer emergency healthcare services to passengers and crew, becoming the first airline in India to integrate MedAire's medical assistance across its fleet. This collaboration aims to enhance in-flight medical support, reduce diversions, and ensure passengers' well-being by providing round-the-clock access to emergency physicians and guidance through MedAire's in-flight app, MedLink.
Creditors' haircuts in bankruptcy cases jump to 73 pc in FY24, resolutions taking longer: Report
Creditors' haircuts in bankruptcy resolutions rose to 73% in FY24 from 64% in FY23. 269 resolution plans were approved by NCLTs, with a decline in new admissions due to Covid-19. The average resolution time also increased, impacting CIRPs and entities. NCLT passed liquidation orders for 446 corporate debtors in FY24.
