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With the latest projections, India regains the tag of the fastest developing economies of the world. (Photo: Reuters)
With the latest projections, India regains the tag of the fastest developing economies of the world. (Photo: Reuters)

IMF projects impressive 11.5% growth rate for India in 2021

The IMF today projected an impressive 11.5% growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic

Stock markets had a rough year just about everywhere. Photo: iStock
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Farmers stand on the ramparts of Red Fort (AFP)

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CII also thinks that the limit of standard deduction should be substantially increased in the Union Budget 2021 (REUTERS)
CII also thinks that the limit of standard deduction should be substantially increased in the Union Budget 2021 (REUTERS)

Income tax: Standard deduction limit may be increased in Budget 2021

  • To boost consumption in a pandemic-battered economy, the hike in standard deduction will be a good idea, according to experts
  • The standard deduction for salaried employees should be increased to 1 lakh in India in Budget 2021, FICCI said

Finance Minister Nirmala Sitharaman will present the Union Budget on 1 February 2021.  (PTI)
Finance Minister Nirmala Sitharaman will present the Union Budget on 1 February 2021. (PTI)

Budget 2021: Expecting big income tax relief this year? 'Very unlikely'

  • 'The salaried class could be disappointed if it’s expecting for reduction in tax rates,' said Divakar Vijayasarathy, founder & managing partner, DVS Advisors LLP
  • To push growth and the economy ahead, the centre is likely to bring some revenue-raising policies this year

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On Saturday, the Saudi-led military coalition engaged in Yemen had said it had intercepted and destroyed an 'enemy air target' launched towards Riyadh (Photo: Reuters)
On Saturday, the Saudi-led military coalition engaged in Yemen had said it had intercepted and destroyed an 'enemy air target' launched towards Riyadh (Photo: Reuters)

Blast shakes Saudi capital Riyadh: Report

At least one loud explosion shook Riyadh today, three days after the kingdom intercepted a projectile over the Saudi capital. Some residents reported hearing two blasts on social media

Financial planning is not limited to asset allocation, retirement planning, children’s education corpus building, or innumerable scenario analysis. Photo: iStock
Financial planning is not limited to asset allocation, retirement planning, children’s education corpus building, or innumerable scenario analysis. Photo: iStock

How to make a financial plan and stick to it

  • A financial plan can help you be on track and lays down the roadmap for you to achieve your goals. It considers your current financial situation and offers strategies that will help you to accomplish your objectives

Protesting farmer march to the capital on the Republic Day (AP)
Protesting farmer march to the capital on the Republic Day (AP)

What farmers want and why they are protesting

  • Thousands of farmers, mostly from Punjab, Haryana and western Uttar Pradesh, have been camping at several Delhi border points since 26 November
  • To break the impasse, the government has so far held eleven rounds of talks with the farmers

Screen-grab of V-Mart website.
A proposal to allow limited liability partnerships to invest in the construction of townships, roads, hotels and hospitals is under discussion, the people said, asking not to be identified citing rules (Photo: Bloomberg)
A proposal to allow limited liability partnerships to invest in the construction of townships, roads, hotels and hospitals is under discussion, the people said, asking not to be identified citing rules (Photo: Bloomberg)

Budget 2021: Govt mulls easing rules to attract FDI in construction sector

A plan to allow 100% foreign direct investment (FDI) in animation, visual effects, gaming and comics sector may also find mention in the government’s budget to be presented Feb. 1

A relative of a coronavirus victim in China is demanding to meet a visiting WHO expert team, saying it should speak with affected families who allege they are being muffled by the Chinese government
A relative of a coronavirus victim in China is demanding to meet a visiting WHO expert team, saying it should speak with affected families who allege they are being muffled by the Chinese government

Relative of coronavirus victim asks to meet WHO experts in Wuhan

'We’ve been searching for the truth relentlessly. This was a criminal act, and I don’t want the WHO to be coming to China to cover up these crimes, said Zhang Hai, whose father died of Covid-19 on Feb. 1, 2020, after travelling to Wuhan and getting infected

US President Donald Trump (AFP)
US President Donald Trump (AFP)

Trump back in action, opens office to ‘carry on’ his administration’s agenda

According to a statement released Monday night, the 'office will be responsible for managing President Trump’s correspondence, public statements, appearances, and official activities to advance the interests of the US and to carry on the agenda of the Trump administration through advocacy, organizing, and public activism

Police and Paramilitary personnel stand guard during the farmers' tractor rally at NH 24 Akshardham Ring road in New Delhi on Tuesday. (ANI Photo)
Police and Paramilitary personnel stand guard during the farmers' tractor rally at NH 24 Akshardham Ring road in New Delhi on Tuesday. (ANI Photo)

Tractor rally: MHA orders temporary suspension of internet service in some areas

  • The internet services are snapped in areas of Singhu, Ghazipur, Tikri, among others, till midnight
  • Protesting farmers clashed with police at several places in the national capital and entered the iconic Red Fort and ITO

Under current income tax laws, switching in mutual funds attracts capital gains tax (Photo: iStock)
A large number of second-generation ‘desis’ are starting to mainstream themselves in US politics.
A large number of second-generation ‘desis’ are starting to mainstream themselves in US politics.

The Indian-Americans driving Biden’s agenda

  • Swift end to covid, a US-led global economic recovery and tackling China will all rely on 20 ‘desis’. Who are they?
  • People like Vivek Murthy and Vidur Sharma will be key to the covid plan that is expected to be rolled out within days. There are also several Indian-origin names in the national security team

Photo: Bloomberg
Photo: Reuters
Mike Lindell, CEO of My Pillow. (REUTERS)
File photo HT
Bitcoin quadrupled last year, eventually reaching an all-time high of almost $42,000 in early January before sliding back by about $10,000. (AP)
Bitcoin quadrupled last year, eventually reaching an all-time high of almost $42,000 in early January before sliding back by about $10,000. (AP)

Bitcoin prices seen topping $50,000 in long term as it vies with gold

Predicting a price for Bitcoin is challenging but it’s likely to rise longer term as funds and family offices assign 0.5% or 1% of their portfolios to it, say experts

The minimum entry age to buy this plan will be 40 years and the maximum will be 80 years. (Hemant Mishra/Mint)
New Delhi: Farmers attempt to break police barricade as they try to march towards Delhi near Nangloi during the 'Kisan Gantantra Parade', amid the 72nd Republic Day celebrations, in New Delhi (PTI)
New Delhi: Farmers attempt to break police barricade as they try to march towards Delhi near Nangloi during the 'Kisan Gantantra Parade', amid the 72nd Republic Day celebrations, in New Delhi (PTI)

Farmers' tractor rally: Violence near ITO area, several injured

  • Protesting farmers reached ITO after breaking police barricades placed opposite old Delhi Police headquarters and were seen attacking police personnel and vandalising vehicles
  • Several people including police personnel suffered injuries during the clash between protesting farmers and police

A Covid-19 vaccine shot being administered in Mumbai. (Satish Bate/HT Photo) (HT_PRINT)
Kaspersky has warned of a rise in Bitcoin theft (MINT_PRINT)
A protestor hoists a flag from the ramparts of the Red Fort in Delhi
Delhi Metro’s Magenta Line has five new trains that are missing which familiar feature?PTI (HT_PRINT)
PubMatic’s co-founder Rajeev Goel.
On 16 March 2020, Russia had imposed travel restrictions. (@RusEmbIndia)
Ambuja Cement's campaign 'School' shows an aged school peon who believes in keeping the tradition of celebrating Republic Day alive.
Ambuja Cement's campaign 'School' shows an aged school peon who believes in keeping the tradition of celebrating Republic Day alive.

Republic Day ads: Made in India key theme

  • Brands are celebrating the Republic Day, building on PM Narendra Modi's 'Make in India' call and riding on the sentiment towards supporting local brands

Srinivas Rao Ravuri, CIO-equities, PGIM India Mutual Fund.
Marching Contingent & Band of Bangladesh Army participate in #RepublicDay parade.
Marching Contingent & Band of Bangladesh Army participate in #RepublicDay parade.

In a first, Bangladesh tri-service contingent takes part in India's Republic Day

  • The 122-member contingent of the Bangladesh Armed Forces was led by the contingent Commander Lieutenant Colonel Abu Mohammed Shahnoor Shawon
  • Bangladesh Navy had successfully conducted Operation Jackpot during the War, destroying 26 enemy ships in sea ports and river ports

(FILES) In this file photo US President Joe Biden signs executive orders as part of the Covid-19 response in the State Dining Room of the White House in Washington, DC, on January 21, 2021. - More than 25 million Covid-19 cases have been recorded in the United States since the pandemic began, Johns Hopkins University said on January 24, 2021, just days after President Joe Biden's inauguration. The milestone was reached only five days after the US, the world's wealthiest and hardest-hit nation, recorded 400,000 deaths from the disease. (Photo by MANDEL NGAN / AFP) (AFP)
(FILES) In this file photo US President Joe Biden signs executive orders as part of the Covid-19 response in the State Dining Room of the White House in Washington, DC, on January 21, 2021. - More than 25 million Covid-19 cases have been recorded in the United States since the pandemic began, Johns Hopkins University said on January 24, 2021, just days after President Joe Biden's inauguration. The milestone was reached only five days after the US, the world's wealthiest and hardest-hit nation, recorded 400,000 deaths from the disease. (Photo by MANDEL NGAN / AFP) (AFP)

Joe Biden says herd immunity from Covid could be achieved this year

President Joe Biden appeared to boost his goal for coronavirus vaccinations in his first 100 days in office, suggesting the nation could soon be injecting 1.5 million shots on an average per day.

Term Insurance: Save upto  ₹10L by upgrading your policy smartly
Indian airports saw 15.79 mn passengers in December. HT
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