Yashwant sinha

Yashwant Sinha The July 18 presidential election is much more than a personal contest and is a step towards resisting the authoritarian streak of the government, the Opposition’s candidate Yashwant Sinha said on Sunday. In an interview to PTI, Sinha said he was not in any ’dharma sankat’ over not getting the support of his son, Jayant Sinha, a BJP MP. ”…he follows his ’Raj Dharma’, I will follow my ’Rashtra Dharma’,” he said. ”This election is more than merely the election of the president of India. This election is a step towards resisting the authoritarian policies of the government. This election is a message to the people of India that there should be resistance to these policies,” he told PTI. On the BJP-led NDA nominating Droupadi Murmu, a tribal leader, for the presidential election, the former Union minister said elevating an individual does not ensure the elevation of the whole community and the BJP’s projection of Murmu was nothing more than political … [Read more...] about My son will follow his ‘Raj Dharma’, I will follow my ‘Rashtra Dharma’: Yashwant Sinha on BJP MP Jayant Sinha

Jayant Sinha BJP leader and former minister of state for finance Jayant Sinha on Monday asserted that there is no 'mehngai' (inflation) and the Opposition has been looking for it but is unable to find it. Participating in the debate on price rise in Lok Sabha, Sinha contended that the government has ensured that the "thali" (plate) of the poor is full of eatables and the people are shielded from the impact of inflation caused by the COVID-19 pandemic and the Ukraine crisis. Hitting out at opposition parties for doling out freebies, he said, "There are a lot of the 'revadi' people. In Rajasthan also choorma is being made and ghee is being added to it. We have to be careful of those making choorma, sandesh, jalebi, and those reveriwalas who are destroying the country." In a swipe at the Aam Aadmi Party and Delhi Chief Minister Arvind Kejriwal, he said, "Delhi people have got a halwaai who keeps making jalebi and he has taken that to Punjab and now since elections are coming, that … [Read more...] about Opposition looking for ‘mehngai’, but it is not there: BJP leader Jayant Sinha

delhi-high-court The Delhi High Court Monday granted permission to 14 entities, which the Enforcement Directorate (ED) claims are connected to Chinese smartphone maker Vivo, to operate their frozen bank accounts subject to maintaining the balance which stood in the accounts as on the date of agency’s search in a money laundering probe.p The high court said these entities shall also give details to ED about their remittances made from the frozen bank accounts after every 48 hours. Justice Yashwant Varma said subject to the petitioner companies maintaining a balance as was available on the day of freezing the individual bank accounts, the debit freeze order of ED can be modified. The high court said it shall be open to the probe agency to verify that balances are maintained as they stood on the date of search. Earlier on July 13, the high court had allowed Vivo to operate its various bank accounts frozen by the ED in connection with the money laundering probe subject to … [Read more...] about HC allows entities related to Vivo to operate bank A/Cs with condition

Encouraging all employees to give their pronouns in their email signature is a good idea. (Image via Unsplash) Diversity, equality, and inclusion (DE&I) - some organizations have made dedicated efforts towards these goals in recent years. Human Solidarity Foundation Director Aqsa Shaikh says: “Decriminalisation of homosexuality has provided a sort of safety net to the employers, motivating them to hire LGBTQIA+ people.” “More and more companies are recruiting queer people and showing that off with pride, especially in June (Pride Month). Even if it’s symbolic, that’s happening,” Shaikh adds. Gaysi Family Editor Tejaswi Subramanian says that more companies “are extending insurance benefits to live-in partners, providing menstruation leaves and parental time-off.” According to Subramanian, initiatives like running an advocacy group driven by allies in companies like Johnson & Johnson is “nice” as it takes the onus off the backs of queer people. To be sure, these … [Read more...] about Are workplaces truly welcoming of trans and gender nonconforming candidates/employees?

Zomato: Zomato board approves acquisition of Blink Commerce in an all-stock deal. The food delivery company informed exchanges that the board has given its approval for acquisition of up to 33,018 equity shares of quick commerce company Blink Commerce (BCPL) (formerly known as Grofers India) for Rs 4,447.48 crore in an all-stock deal. The acquisition is at a price of Rs 13,46,986.01 per share. This acquisition is in line with its strategy of investing in the quick commerce business. A key parliamentary panel will meet representatives of various technology platforms, e-commerce players and gaming entities, including Zomato and Flipkart, on Thursday to discuss about their market behaviour amid rising anti-competition concerns. BJP leader and former Union Minister Jayant Sinha-chaired Parliamentary Standing Committee on Finance has been looking into various aspects of competition in the marketplace, especially with respect to technology majors. Sinha told PTI that the panel has … [Read more...] about Competition issues: Parliamentary panel to meet representatives of Zomato, Flipkart, other tech firms

Image: Reuters The bilateral relationship between India and the United States has demonstrated the depth of cooperation between the two countries, IMC Chamber of Commerce and Industry has said. Speaking at the Indo-US Partnership Vision Summit 2021 organized by the chamber on 29 April, IMC leadership including, President Rajiv Podar and Vice President Juzar Khorakiwala have pointed out that the dynamic partnership between both nations continues to deepen and expand. "India's export of Hydroxycholoquine last year, and now America's demonstration of support through the offering of supplies to help India deal with the second wave, is the testimony of our strong relationship in the face of adversity," Rajiv Podar, President, IMC Chamber of Commerce and Industry, said. In 2019-20, the bilateral trade between the USA and India stood at USD 88.75 billion. India's large market, economic growth, progress towards development, huge middle-class population and progressive reforms make … [Read more...] about India-US partnership has deepened during COVID-19 pandemic: IMC Chamber

Representative image Impostor syndrome seems to be more common than actually thought, though at a collective level. People may often feel that the groups they are affiliated with may be underperforming in comparison to other groups. Although this self-critical approach may work in certain cases, it may also overlook the positives, and decrease the morale of those affiliated with the group. Many in India seem to have a collective/national-level impostor syndrome. While the Indian economy is much better placed than its peers in the emerging markets, and other economies, the government is being criticised on the economic front. The criticism comes when the fundamentals of the Indian economy are robust, despite the exogenous shocks caused by the COVID-19 pandemic, supply chain disruptions, monetary policy tightening by the US Federal Reserve, the Ukraine-Russia conflict, and inflated crude oil prices. India's macroeconomic health remains robust despite external pressures, and ongoing … [Read more...] about Bibek Debroy writes: India’s economy is better placed than its peers, other economies around the world

RBI Governor Shaktikanta Das. (File photo) The August 5 monetary policy of the Reserve Bank of India (RBI) comes at a very dynamic juncture. The CPI inflation is still above the RBI’s comfort zone (at 7 percent); but it appears to have peaked, and is expected to fall below 6 percent by the end of the fiscal year. Global commodity prices have fallen sharply in the recent past, but are still high. Bloomberg Commodity Price index has gone down by 12 percent in the last two months; but the index is still 18 percent higher than the beginning of the year. Globally, while inflation continues to rage, there are heightened concerns around economic slowdown. With the US economy slipping into technical recession, there are expectations in the markets that the US Federal Reserve may go slow with its rate hiking cycle. In the given volatile macro backdrop, the RBI has chosen to continue with front-loading, and hiked the repo rate by 50 bps — in line with expectations. The RBI has … [Read more...] about RBI moves towards a positive real rate of interest

Share to Twitter Share to Linkedin The U.S. entering recession has been cause for concern for economists and consumers over the past six months. And while some experts say we are not in a recession yet, recent layoffs , inflation on everyday goods and an uncertain real estate market have many people on edge for what’s to come. Technically speaking a recession is two back-to-back quarters of declining gross domestic product (GDP) which did occur in the first two quarters of 2022 but some economists see it more as stagflation than a recession. Regardless what stage of a recession America might be headed into, being prepared financially prepared is always a smart move. Only 32% of Americans feel financially prepared for a recession. Global Head of Private Capital Advisory at Raymond James, Sunaina Sinha Haldea , shares five ways to prepare yourself for a recession. 1. Diversify Your Investments One of the first tips Haldea shares is … [Read more...] about 5 Ways To Prepare Yourself For A Recession According To A Financial Expert

Representative image. OneCard’s parent FPL Technologies closed its Series D funding round of over $102 million led by Singapore-based Temasek Holdings (via MacRitchie Investments). The mobile-first credit card brand is now valued at over $1.4 billion. Temasek invested around Rs 375 crore ($48 million as per dollar rates on July 13). Matrix Partners, QED Investors, Hummingbird Ventures, Sequoia Capital, and Sarv Investments also participated in this round, as per regulatory filings assessed by Moneycontrol. OneCard declined to comment on Moneycontrol’s queries. Post this round, the promoters will continue to hold a 29.99 percent stake in the start-up. OneCard allotted 268,891 shares worth Rs 29,833.62 per share. Close The company had last raised $75 million in a Series C round in January this year at a post-money valuation of $750 million. The round was led by QED Investors. FPL Technologies was founded by Anurag Sinha, Rupesh Kumar, and Vibhav Hathi in … [Read more...] about OneCard enters unicorn club, raises over $102 million, led by Temasek Holdings