Onmanorama Lite App
The Indian government disclosed to the Lok Sabha that public sector banks collected nearly ₹2,900 crore in penalties for failing to maintain minimum balances in savings accounts during 2024–25.
The Oil Ministry declined to comment on the issue
After reviewing the inputs, the final rules and forms will be notified.
With over 25 years of experience across India and the United States, he co-founded Chiranjiv, a population-scale genomic sequencing initiative aimed at building India’s largest genetic database.
President Trump announced a reduction in the US reciprocal tariff on Indian goods from 25% to 18%, a move that clarifies confusion over existing duties which had effectively reached 50% due to a punitive 25% penalty for India's continued Russian oil purchases. This reduction, alongside the withdrawal of the punitive duty, now brings the total tariff to 18%, offering India a competitive edge over other export economies like China, Vietnam, and Bangladesh. The announcement follows a call between President Trump and Prime Minister Modi and a visit by India's External Affairs Minister to Washington, however, Trump's claims on Truth Social regarding India agreeing to halt Russian oil imports, purchase more US energy, and eliminate trade barriers were not corroborated by Indian officials or formalized through official US channels, raising questions about the extent of India's concessions. India has already been reducing its Russian oil imports, partly due to price competitiveness from other suppliers, and has resumed limited imports from Venezuela. This tariff adjustment appears to be part of the Trump administration's efforts to finalize trade deals before a Supreme Court ruling on reciprocal tariffs.
Gold prices in Kerala experienced significant fluctuations on Monday, initially dropping substantially before partially recovering by evening.
The Union Budget, presented by Finance Minister Nirmala Sitharaman, emphasizes fiscal prudence and macroeconomic stability by lowering fiscal deficit and debt-to-GDP targets, which critics argue has led to a restrained approach to growth. While government expenditure is set to increase modestly, falling short of the nominal GDP growth ambition, the budget prioritizes supporting MSMEs, deemed a crucial engine for employment and growth, and introduces measures to bolster India's digital infrastructure and attractiveness for global operations. The budget avoids overt populism, favoring increased allocations to existing schemes, and signals a preference for stability over market exuberance by increasing the Securities Transaction Tax on derivatives, though the omission of capital gains tax rationalization for debt instruments disappointed investors, suggesting a strategy of consolidation and continuity over the expansion of new entitlements, with future economic expansion dependent on a more proactive financial sector and potentially a greater acceptance of debt-funded growth, a path the current budget appears hesitant to fully embrace due to concerns over public debt levels.
In 2012, his research led to an invitation to Black Hat Briefings
Slim cigarettes priced at ₹300 for a pack of 20 sticks, are expected to see their MRP rise to about ₹350.
Traditional computer setups will give way to AI-native stacks, systems built from the ground up to think and act.
Results 1-10 of 1914
