The Bandhan Employees’ Welfare Trust (BEWT) is embroiled in a contentious dispute. Members are launching a formal challenge against the trust’s management and its founder, Chandra Shekhar Ghosh. This escalation raises serious questions about potential financial irregularities and the organisation’s overall governance. Allegations and Legal Action BEWT members, represented by the Bongo Bhashi Mahasabha Foundation, …
The government has increased the Dearness Allowance (DA) for central employees and Dearness Relief (DR) for pensioners by 4% to 50%, starting January 1, 2024. With this increase, specific allowances are automatically raised by 25% over current rates. The Employees’ Provident Fund Organisation (EPFO) issued a notice highlighting past orders from the Department of Expenditure/DoPT, …
India’s real estate sector witnessed a significant surge in institutional investments during the second quarter (Q2) of FY24 (April-June 2024), reaching a three-year high of $2.5 billion, according to Colliers, a leading global real estate consulting firm. This robust performance is attributed to strong activity in the industrial and warehousing, and residential segments. Industrial and …
The Indian Railways (IR) released positive data for freight operations in June 2024, reflecting growth in both freight loading and revenue compared to the same period in the previous year. Double-Digit Growth in Freight Loading and Revenue June 2024 saw a significant increase in originating freight loading, reaching 135.46 Million Tonnes (MT) compared to 123.06 …
The Ministry of Coal has announced a substantial increase in coal production and dispatch during the first quarter (Q1) of the current financial year (FY25), spanning April 1, 2024, to June 30, 2024. These figures represent a significant improvement compared to the same period in the previous fiscal year (FY24). Production Up by 35%, Dispatch …
The Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a critical issue during a recent meeting with heads of public and select private sector banks. The central bank expressed concern about the widening gap between credit growth and deposit growth in the Indian banking system. Surge in Credit Growth Outpaces Deposit Mobilisation Governor Das …
In India’s financial sector, certain stocks stand out due to their performance across various metrics. By examining parameters such as price to earnings (PE), price to book value (PBV), sales and profit growth, operational performance, and returns, we can identify some of the best financial stocks currently available for our watchlist Name Market Cap (Rs …
The forces of macro economic factors impact the performance of all companies and their stock prices. When the demand for a particular stock rises, so does the stock’s price. Conversely, a dip in the demand for a particular stock (or a rise in its supply) leads to its fall in prices. Just like demand and …
The Ministry of Coal has taken proactive measures to ensure adequate coal supplies for India’s domestic coal-based Thermal Power Plants (TPPs) during the upcoming monsoon season. As of June 29, 2024, coal stocks at these TPPs stand at a robust 44.46 Million Tonnes (MT), translating to 18.5 days’ worth of fuel at current consumption levels. …
The Indian government has increased the windfall tax on domestically produced crude oil, aiming to manage domestic fuel supplies and counter rising global oil prices. Tax Hike Targets Refiner Margins Effective July 2nd, the windfall tax has been raised to ₹6,000 per metric tonne, up from ₹3,250. This tax, reviewed every two weeks, was introduced …
