The Enforcement Directorate’s recent raids on the premises of Baramati Agro Private Limited have sparked intense political reactions in Maharashtra. At the helm of this company is Rohit Pawar, a member of the Nationalist Congress Party (NCP) and the grandnephew of veteran politician Sharad Pawar. These actions by the enforcement agency have escalated tensions between … Read more
The Indian populace is abuzz with anticipation as Union Finance Minister Nirmala Sitharaman gears up to unveil the much-awaited Budget 2024 on February 1. This annual financial blueprint holds the promise of potential tax reforms and income tax benefits, capturing the eager attention of taxpayers nationwide. However, there’s a prevailing belief that significant tax benefit … Read more
Economist Arvind Subramanian, who served as the chief economic adviser (CEA) to the Narendra Modi-led government between 2014 and 2018, recently drew attention to India’s regulatory framework in an insightful piece published by The Washington Post titled ‘India Is Chasing China’s Economy. But Something Is Holding It Back’. Subramanian, now affiliated with Brown University as … Read more
The hopeful prospect of a 4 percent surge in dearness allowance (DA) for central government employees from January 1, 2024, comes as a promising development. Reports circulating within administrative circles indicate that an official announcement regarding this prospective hike might be forthcoming in March 2024. This anticipated increment is a response to the steep rise … Read more
On Today, the rupee depreciated by 5 paise to 83.21 against the US dollar, in the first trading session of the year 2024. The Indian rupee experienced a decline against the US dollar in the first trading sessions of 2024, with a 5 paise depreciation to 83.21 on Monday and an additional 11 paise drop … Read more
In the wake of existential threat that stares at the planet, every institution and individual is urged to do their bit for the environment. Financial institutions are expected to fund these projects for the betterment of humanity and for the planet we inhabit. Although it is yet not mandatory for the financial institutions such as … Read more
Charlie Munger would have turned 100 years old today. Although he came close to reaching this century, it remained just out of reach, as he departed from us on November 28, 2023. The renowned investor left behind an extensive legacy detailing the essential factors behind his success, presented in his distinctive style characterized by straightforwardness … Read more
Tata Motors share price today: Tata Motors stock gained 1.95% to a high of Rs 796 on BSE. Market cap of the firm rose to Rs 2.63 lakh crore. Shares of Tata Motors Ltd rose the most on Sensex in early deals in the first session of 2024 today. Tata Motors stock gained 1.95% to … Read more
The 2024 outlook for the Indian banking sector is robust and healthy with the Reserve Bank of India (RBI) hitting the pause button on the policy rate revision, satisfactory capital levels, loan loss provisions, and softening retail inflation, Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares and Stock Brokers has said. Hajra also … Read more