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Congress leader Rahul Gandhi's promise of wealth redistribution has kicked up a huge controversy. While the idea itself has been controversial — right from the bloody revolutions of the past century that promised the poor the wealth amassed by the rich to contemporary debates in economics on how to address inequality and poverty — a comment on Rahul's plan by Prime Minister Narendra Modi has brought the issue to the headlines. PM Modi alleged on Sunday that «Congress wanted to confiscate people's wealth and redistribute it to Muslims». Yesterday, adding that opposition parties had done nothing for Muslims, he reiterated his allegations, saying that the Congress was «looking to survey earnings and wealth of people, including their vehicles, property, and houses to redistribute it in line with a communist ideology that INDIA wanted to implement in the country». What did Rahul Gandhi say

₹2,64,834 crore ($31.8 billion). However, profit after tax (PAT) remained almost flat at ₹21,243 crore ($ 2.5 billion) against ₹21,327 crore in the same quarter last year. Also Read: Reliance Q4 results: Net profit declines 1.8% YoY to ₹18,951 crore The company said its EBITDA increased by 14.3 per cent YoY to ₹47,150 crore ($ 5.7 billion) with all businesses contributing strongly.

₹70,000 buy you? A month’s rent in a 3-BHK in a south Delhi apartment or a 1-BHK in Mumbai. But in some hotels, that money may not be enough even for a night’s stay. Take five-star resorts in most parts of the country right now, like AmanBagh, a sprawling property in an obscure location in Ajabgarh, in Rajasthan’s Alwar district.

HDFC Bank on Saturday reported a 37.1% year-on-year (YoY) increase in its standalone profit at Rs 16,512 crore in the March quarter. Its net interest income (NII) during the quarter grew by 24.5% to Rs 29,077 crore.

euro on Tuesday, keeping investors on heightened intervention watch ahead of the Bank of Japan's meeting this week, while dovish policy maker chatter left sterling around its softest in months. The euro, which climbed broadly after stronger than expected business activity data in France and Germany, reached 165.62 yen, its highest since 2008.

A $12 billion high-speed passenger train line between Las Vegas and the Los Angeles area has started construction

During a keynote speech at Bloomberg today (22 April), BoE financial stability strategy and risk executive director Nathanaël Benjamin warned the lack of transparency about the degree and kinds of leverage entering the system poses a significant risk to financial stability. In an environment where rising debt costs and concerns over the economy have made it more challenging for private equity funds to sell or list their portfolio companies, more firms have resorted to NAV loans to finance cash distributions to investors. NAV loans use a private equity fund's assets, which are typicall...

ALSO READ: IPL 2024: CSK's early wickets against LSG sparks meme fest on social media, netizens say ‘want to bring MS Dhoni soon’ While in the ongoing IPL 2024, Chahal has played 8 matches and picked up 13 wickets at an economy of 8.26. His best figures in this season is 3/11.

Ret. Air Force Brig. Gen. Rob Spalding and Marine raider Garrett Exner discuss tensions in the Middle East on The Evening Edit.

Only1 has raised $5 million in investment funds to build a Web3 “OnlyFans clone” adult content platform on Solana, led by Newman Group.

CALGARY — At Calgary’s Centre for Newcomers, where Kelly Ernst is chief program officer, staff have been — in Ernst’s words — “run off their feet.”

Mint looks at the implications of this development for India and the rest of the world. For the third consecutive month, various inflation indicators in the US exceeded expectations. For instance, the US economy continues to grow faster, adding jobs robustly on the back of strong retail sales despite the interest rates being at a 23-year high.

Digital Public Infrastructure (DPI) and Digital Public Goods (DPG) in terms of exports by including newer platforms to help emerging market economies with financial inclusion, innovation and economic growth, two people aware of the matter said. While Aadhaar and UPI are popular among global south countries as these can be easily replicated, India is also pushing for exporting other DPI and DPG, which can significantly impact such economies, the people added.

Most Canadians are worried about the federal deficit and feel that government spending is too high as Ottawa prepares to table its budget on Tuesday, according to new data from the Angus Reid Institute.

Edited excerpts: The intention of regulation is to create checks and balances in the market where there is a significant rise, driven either by flows or by a huge participation coming from high networth individuals (HNIs) and retail. Some elements of checks and balances need to be created. Whatever the noise emanating from the regulation is more intended towards that (checks and balances) so that people don't assume that the market will continue to rise.

The first three month of 2024 were the second best start to the year on record for wealth management firms in regard to deal making and transactions, according to a new report from Echelon Partners, a boutique investment bank focused on mergers and succession planning in the wealth and investment management industries.

PBKS vs GT IPL 2024: Sam Curran has been captaining Punjab Kings (PBKS) since Shikhar Dhawan has been out of the team due to an injury. During the IPL 2023 auctions, PBKS bagged Curran for ₹18.5 Crore. That season, the English cricketer was the most expensive player of the cash-rich league.

net direct tax collections surged 17.7% year-on-year to ₹19.58 lakh crore in the fiscal year ended March 2024, surpassing the revised estimates, official data released Sunday showed. Net direct taxes in 2023-24 exceeded the budget estimates by₹ 1.35 lakh crore (7.40%) and the revised estimates by ₹13,000 crore, it showed. Higher direct tax collections will give the Centre headroom to meet its fiscal deficit target for FY24. The Centre had budgeted ₹18.23 lakh crore as net direct tax revenue for 2023-24, which was later revised upwards to ₹19.45 lakh crore.

The Canadian dollar could be in for a rough ride if the Bank of Canada cuts interest rates sooner and deeper than the Federal Reserve, a scenario that economists suggest is becoming increasingly likely as the U.S. economy continues to outperform.

Venice, another Italian town may soon implement measures to combat overtourism, symbolically creating barriers, as reported by The Sunday Times. The picturesque city of Como, situated along the renowned Lake Como, is considering implementing a tourist levy for daily visitors. The specific fee has not been finalized yet. The timing for when the new measure would go into effect isn't clear either, but Como Mayor Alessandro Rapinese said representatives are already trying to draft up more guidelines.

PBKS vs GT IPL 2024: Punjab Kings (PBKS) will clash with Gujarat Titans (GT) on April 21. Let’s take a look at the top performers in the individual teams. Punjab haven’t had any particular batter shining much throughout this IPL tournament.