The Supreme Court of India will hear a plea related to Special Investment Regions (SIR) on October 28. The Economic Times reported the court's scheduling of the hearing. The plea addresses concerns or legal questions surrounding the SIR policy framework. No further details on the specific nature of the plea were provided in the initial report.
Gold prices in India are reported differently for 24, 22, 20, and 18 karat varieties. The Economic Times published these current rates, reflecting the metal's value based on purity. Prices are influenced by global market trends and local demand dynamics. This information is crucial for investors and consumers tracking the precious metal's daily valuation.
India's foreign exchange reserves now hold a new record quantity of gold. The value of these gold holdings has increased significantly in recent months. This growth coincides with a period of high imports of the precious metal into the country. The accumulation contributes to the nation's overall economic strength and financial security.
Bharti Airtel Chairman Sunil Mittal stated that outperforming Elon Musk's Starlink in India's satellite broadband sector would be a point of pride. He made these remarks at a recent industry event, framing the potential achievement as a significant milestone. Mittal emphasized that such a victory would symbolize a major success for an Indian company against a global giant. This comment highlights the intensifying competition within India's emerging satellite communication market.
The Indian government has increased the tax exemption threshold for inherited agricultural land. The limit has been raised from Rs 30 lakh to Rs 75 lakh. This change applies when calculating capital gains tax upon the sale of such inherited property. The move is intended to provide relief to heirs of agricultural landowners.
A report warns that India's economic growth is vulnerable to disruptions at critical maritime choke points. The nation's reliance on imports like oil and electronics makes it susceptible to these global bottlenecks. Recent events like Red Sea attacks highlight the real-world impact of such geopolitical tensions. Experts urge India to develop resilient supply chains to secure its long-term economic stability.
An Air India flight was diverted to Mumbai on February 27 following a bomb and hijack threat. The flight, AI-171, was en route from Delhi to San Francisco at the time of the incident. Security agencies conducted a thorough check of the aircraft and passengers upon landing. The threat was later declared a hoax, and the flight was cleared to continue its journey.
A man has been awarded Rs 43,000 in compensation by a consumer forum after his luggage was lost during a train journey. The incident occurred while he was traveling with Southern Railway. The consumer forum ruled that the railway was liable for the loss of the passenger's belongings. It ordered the compensation to be paid for the deficiency in service. The ruling reinforces passenger rights regarding the safekeeping of luggage during rail travel.
Congress leader Rahul Gandhi has pledged to lead a protest at Jantar Mantar in New Delhi. He vowed to reclaim the historic protest site for public demonstrations. This declaration follows recent restrictions and heightened security at the location. The move is positioned as a stand for democratic rights and public dissent.
Reliance Industries is reportedly preparing to launch an initial public offering (IPO) for its telecom subsidiary, Jio Platforms. The public listing is valued at approximately Rs 30,000 crore. Media reports suggest that the long-anticipated IPO may be launched in the near future. The move aims to unlock value from the digital services business and attract public market investment.
The Supreme Court of India ruled that a wife is entitled to retain a house despite both spouses' names being on the title deed. The decision came during the divorce proceedings of a couple from New Delhi. The court stated the property was a matrimonial home secured with her funds and for her welfare. It distinguished this from a standard joint ownership case, prioritizing its use as a family residence.
Bank of Baroda has stated it will legally contest a $15 billion lawsuit filed against it. The case was initiated by BR Shetty, founder of NMC Health. Shetty's suit alleges the bank's involvement in a financial scandal. The legal action is part of the ongoing fallout from NMC Health's collapse.
India has amended its tax treaty with Mauritius to prevent the misuse of the agreement for tax evasion. The new rules impose stricter criteria for companies claiming tax benefits on investments routed through Mauritius. This move aims to curb practices that allow investors to avoid paying capital gains tax in India. The changes are part of a broader effort to protect India's tax base and ensure treaty benefits are used for genuine investments.
Bangladesh Prime Minister Sheikh Hasina publicly addressed her country's absence from the BRICS grouping. Speaking at a press conference in Dhaka, she stated that Bangladesh had fulfilled all necessary criteria for membership. Hasina expressed disappointment that an invitation was not extended despite these efforts. She suggested the decision might have been influenced by geopolitical considerations.
The Indian government is formulating a 25-year strategic plan to decrease national reliance on critical foreign technology. The initiative aims to build self-sufficiency in key technological domains over a long-term horizon. This move is driven by national security and economic considerations. The plan is currently in its proposal stage, as reported by the Economic Times.
The Union Cabinet is reportedly considering a proposal for a substantial productivity-linked bonus for railway staff. This bonus is an annual payment made to over 1.2 million employees of Indian Railways. The decision is expected to be taken in an upcoming cabinet meeting. The move is a standard annual process to reward employee performance and is governed by established guidelines.
The Reserve Bank of India (RBI) has indicated it is open to implementing additional measures to curb speculation in the foreign exchange market. The central bank's stance was reported by the Economic Times, citing recent official comments. This move aims to stabilize the Indian rupee by managing excessive volatility driven by speculative trades. The RBI has previously used interventions and policy tools to maintain orderly market conditions.
Saurav Das and Ashutosh have been remanded to judicial custody at Tihar jail. The arrest relates to a defamation case filed by BJP leader Amit Malviya. The case concerns the alleged sharing of a doctored video. The legal action was initiated following a complaint by Malviya alleging the video was fabricated to harm his reputation.
A US federal judge issued a temporary restraining order against the White House on Friday. The order prevents the administration from suspending the press passes of journalists from CNN and Politico. The judge found the White House's action likely violated the reporters' First Amendment rights. The case stems from a contentious press conference where the journalists' credentials were revoked.
The Supreme Court questioned the practice of political parties offering pre-election freebies, calling it a financial concern. In response, opposition MPs from the Makkal Needhi Maiam party have criticized the court's 'hammer to kill a fly' analogy. They argue the court's comments oversimplify complex voter welfare issues. The MPs plan to formally raise their objections before the court.