India's adoption of digital technology, particularly UPI, has seen a significant increase in business activities, particularly in the informal sector. A recent survey by the Statistics Office revealed that internet usage for business purposes increased from 7.7% in rural areas to 30.2% in urban areas during 2022-23. This represents a 7.2 percentage point increase, highlighting the rapid adoption of digital payment methods in the informal sector.
The Chairman of Elyments Platforms highlights the slowdown in the US economy, noting softer labor markets and slowing wage growth. Despite market expectations of rate cuts in September and December, Fed officials remain cautious, waiting for more data. Bagga also discusses the potential impact of a likely Trump victory in the upcoming elections on global markets, emphasizing increased borrowing costs, lower taxes, and tighter immigration policies.
Prime Minister Narendra Modi on Saturday spoke to newly elected British Prime Minister Keir Starmer as the two leaders agreed to work towards an early conclusion of a mutually beneficial India-UK free trade agreement, a statement said. Modi congratulated him on assuming charge and a remarkable victory of his Labour Party in the election.
Prime Minister Narendra Modi on Saturday spoke to newly elected British Prime Minister Keir Starmer as the two leaders agreed to work towards an early conclusion of a mutually beneficial India-UK free trade agreement, a statement said. Modi congratulated him on assuming charge and a remarkable victory of his Labour Party in the election.
Tamil Nadu Bharatiya Janata Party (BJP) President K Annamalai has criticized the MK Stalin-led state government for not guaranteeing the safety of common citizens. He hacked the BSP state president K Armstrong to death and criticized the MK Stalin-led DMK government over the Kallakurichi hooch tragedy that killed 65 people.
Bandhan Bank is facing a leadership change as CEO Chandra Shekhar Ghosh steps down without a successor in place. The board is considering options for an interim head to manage daily operations during this transition period.
Cement is a sector which has probably seen maximum mergers and acquisition in the last three years. Right from the second biggest player witnessing a change in ownership, to small players being taken over. With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. Even this week it played on the street, with cement stock witnessing a decline. But the question is whether this correction in stock price gives... Читать дальше...
A record number of ex-prime minister Rishi Sunak's top team and other prominent Tories lost their seats in Thursday's electoral drubbing. The anti-immigration Reform UK party led by Brexit firebrand Nigel Farage maximised the damage by splitting the right-wing vote and picking up former Tory supporters in key constituencies.
Budget 2024: The Indian government's coalition government, led by Narendra Modi, may face challenges in achieving a 'Viksit Bharat' due to the recent meeting between Telugu Desam Party (TDP) supremo Nara Chandrababu Naidu and BJP's top-brass. Naidu has listed state-specific demands for Andhra Pradesh in the forthcoming Budget 2024, with PM Modi agreeing in principle to provide financial support.
Tis Hazari court extended Bibhav Kumar's custody till July 16 in Swati Maliwal assault case. Kejriwal's aide, produced via video conferencing. Delhi High Court, Justice Swarana Kanta Sharma, found the plea maintainable and issued a notice seeking city police's response. The alleged May 13 assault occurred at Chief Minister Arvind Kejriwal's residence. Order reserved May 31.
Motilal Oswal Nifty India Defence Index Fund breaks records by collecting Rs 1,676 crores during its NFO period. India's defence sector experiences growth through indigenisation efforts and increased investments. The country aims to enhance its defence production capabilities and boost exports in the coming years.
ITR filing: As per CA Shreya Jaiswal you can file ITR-1 only if your total income does not exceed Rs 50 lakh during FY 2023-24 (AY 2024-25) and provided you have satisfied certain other conditions as prescribed. However if you even have Re 1 of capital gains or loss you won't be able to file ITR-1
NPS changes in Budget 2024: Currently, the deduction in respect of the employer’s contribution (capped at 10%) to NPS is allowed under both the old tax regime and the new tax regime. The government may consider at increasing this limit to 12% (aligned with the exemption of employer’s PF contribution up to 12%). Another proposal is to introduce the additional deduction of Rs 50,000 under the new tax regime. Will Budget 2024 make NPS and new tax regime more attractive for investors? Read on
The US services sector faced an unexpected contraction in the last quarter, with the ISM services gauge dropping to 48.80, marking the fastest pace of decline in four years. This contrasts with the S&P Global US Services Index, which reached its highest level since April 2022 at 55.30.
on Saturday, Prabhakar Rao said, "There is a lack of democracy in the BRS party. Most of the leaders are suffocating there. It is a regional party. Whatever decision is taken by the party chief is final. So, most of the MLAs and MLCs were suffocating in this BRS party as they were not allowed to speak at all."
In the Netherlands, Mark Rutte departs after 14 years as Prime Minister, handing over to Dick Schoof, who assumes office without party ties. Rutte moves on to NATO, while a new far-right government under Geert Wilders promises change after a pivotal election. Schoof's focus on immigration marks a notable shift in Dutch policy, following a lengthy coalition formation.
Congress President Mallikarjun Kharge criticizes BJP-RSS government over NEET-UG 2024 exam, demanding re-examination. Central government and NTA defend exam integrity amidst allegations of paper leaks and malpractices. Opposition pressures government over irregularities as 67 students achieve perfect scores, sparking protests across the country.
Multiple sim cards: "The maximum SIM cards limit has been set for nine cards per person, except in the case of Jammu & Kashmir, Assam and Northeast Licensed Service Areas (LSAs) where it is limited to six," says Nittin Arora, Partner, Grant Thornton Bharat.
Researchers have introduced a new diagnostic approach for obesity, focusing on waist-to-height ratio alongside BMI to better assess health risks linked to abdominal fat. Published in Nature Medicine and led by the European Association for the Study of Obesity (EASO), the framework highlights a waist-to-height ratio exceeding 0.5 as indicative of heightened cardiometabolic risks. By broadening criteria beyond BMI, the framework aims to improve early detection and treatment strategies, potentially... Читать дальше...
Bizarre though it may sound, the police in Uttar Pradesh's Pratapgarh found an innovative way to decide the ownership of a buffalo that had gone missing from its owner's home.
Zepto, a quick commerce platform in India, raised $665 million in funding, valuing the company at $3.6 billion. The CEO sees Zepto as a hyperlocal Walmart focusing on groceries and household essentials. The company plans to expand its dark stores to 700 to compete with rivals like Blinkit and Swiggy Instamart. Zepto aims to capitalize on the massive market opportunity in the top 40 cities of India.
Rahul Gandhi asserted today that Congress will defeat the ruling BJP in Gujarat, addressing party workers in Ahmedabad. He also highlighted the INDI alliance's role in countering the Ram Mandir movement in Ayodhya initiated by Lal Krishna Advani, criticizing the exclusion of locals from the temple inauguration. Gandhi's visit to Gujarat follows clashes between BJP and Congress supporters over his remarks, resulting in FIRs and the arrest of five Congress members.
