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panchayats remains low, with the income through tax collected by the rural local governance bodies on an average being just Rs 59 per capita between 2017 and 2022, according to government data. Even as the generation of OSR for panchayats has come into focus to give these rural bodies more financial autonomy, according to the data compiled by the Panchayati Raj ministry, between 2017 and 2022, only an amount of Rs 5,118.98 crore was raised as OSR by the panchayats. This comes down to Rs 59 per capita and Rs 2.27 lakh per panchayat over the five-year period for 2.25 lakh gram panchayats across the country. The total population coming under these panchayats was more than 86.95 crore in the said period. Among the states, Gujarat collected the highest amount as OSR at Rs 829.75 crore, while Kerala came second collecting Rs 802.95 crore.

Gold prices have witnessed a significant decline of around 6 per cent since Diwali, driven by a stronger dollar and concerns over US inflation data. The rate of 24-carat gold per 10 grams, which stood at Rs80,710 on November 1, dropped to Rs75,920 on Saturday. This sharp correction reflects ongoing global economic pressures influencing commodity markets.

initial public offering (IPO) of NTPC Green will open for subscription on November 19. The issue closes on November 22. Through the public offer, the company plans to raise nearly Rs 10,000 crore. Here are 10 things to know about the NTPC Green IPO before subscribing to the issue.

Nilesh Jain of Centrum Broking says there could be possibility of some selling pressure if at all we see any pullback, reason being F&O gives you a good opportunity to short the stock so that may have some negative impact, but I see more or less from a broader perspective that is a positive move and if at all we see inclusion of these stocks that will certainly have more addition in term of the numbers, so that is certainly a positive from our long-term point of view.

Nifty and Sensex, falling around 10% from the peak. The weakness in second quarter results and sustained outflow of foreign funds weighed on the sentiments. During the week, as many as 103 smallcap stocks have delivered double-digit negative weekly returns with four of them falling over 25%.

Online shopping with credit cards is rising, fueled by deals offered during the festive season. In September 2024, shoppers in India spent Rs 1,15,168 crore online using credit cards. This makes up 65.4% of the total Rs 1,76,201 crore spent through credit cards, ToI reported on November 16 citing latest data. The survey, which included 700 credit card users, found that 80% took advantage of special credit card offers available on e-commerce platforms. The main attractions were discounts, no-cost EMI options, and better deals overall. This trend started earlier in the year. In April, online credit card spending was Rs 94,516 crore, which was 60% of the total Rs 1,56,498 crore spent. The portion of online spending grew to 63.4% in July, dipped slightly to 62.4% in August, and then reached 65.3% in September.

Tis Hazari Court on Saturday issued notice to Delhi police on Bibhav Kumar's revision petition challenging the cognizance of the charge sheet filed against him. His matter is pending before the Court. Additional Sessions Judge Abhishek Goyal issued a notice to Delhi Police and sought a response to the petition. The matter has been listed next month for a hearing. Advocates Manish Baidwan, and Rajat Bhardwaj along with Karan Sharma appeared for Bibhav Kumar. Advocate Manish Baidwan has moved the revision petition challenging the Cognizance.

Oravel Stays Limited, which owns and runs the brand Oyo are being traded in the Rs 53 to 55 range, translating to a valuation of nearly $ 4.4 billion. This is 28% below the high of Rs 77 per share it had touched in February 2024. The price had dipped to Rs 38 in June this year during the Rs 1457 crore Series G primary raise Oyo had conducted at Rs 29 per share. Since then the shares have been on an upswing, but haven't been able to match the high achieved earlier this year.

It refers to the opportunity to self-reflect, set goals and define new challenges for the next 12 months. This self-care trend revisits the approach to New Year reflections and resolutions, giving people a head start on their goals for the next year. Recent research from LinkedIn suggests that there couldn’t be a better time to apply this theory to the workplace. How does it apply to Indian professionals?

NOK Air Flight DD959, which was scheduled to fly from Rajiv Gandhi International Airport Hyderabad to Don Mueang International Airport (DMK) Bangkok, declared an emergency early on Saturday morning, GMR, PRO said. «Nok Air flight DD959 from Rajiv Gandhi International Airport, Hyderabad to Don Muang International Airport (DMK), Bangkok declared an emergency this morning. All passengers were deboarded and taken to the terminal after security checks, and their luggage was unloaded and checked,» Mukesh, PRO GMR said. Earlier one passenger was detained by the Raipur police in the matter pertaining to the emergency landing of a flight, said a police official on Thursday.

Income Tax Department has not extended the deadline for filing income tax returns (ITR) for FY 2023-24 for taxpayers subject to audit and other designated income taxpayers. Earlier, the tax department extended the deadline by 15 days for ITR filing for FY 2023-24 for audit cases from the original deadline of October 31, 2024. No further extension was announced by the tax department regarding this deadline.

MRF, Cochin Shipyard, ONGC and Ashok Leyland among a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividends and stock splits. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date.

FICCI) and the Game Developers Association of India (GDAI) have signed a Memorandum of Understanding (MoU) at the Indian Game Developers Conference (IGDC) 2024. The partnership aims to accelerate growth, drive innovation, and enhance skill development in India’s rapidly expanding video gaming industry. This MoU represents a significant milestone in creating a robust video gaming ecosystem in India, setting the stage for the industry’s next wave of growth and international recognition. «FICCI is delighted to collaborate with GDAI to propel growth in India’s burgeoning video gaming sector. This partnership aims to build a strong ecosystem by advocating for industry-friendly policies at both state and national levels, while promoting innovation, skill development, and sustainable growth across the Media & Entertainment sector. The MoU reflects our commitment to nurturing talent and positioning India as a global leader in gaming intellectual property (IP), leveraging FICCI’s policy expertise and GDAI’s extensive developer network,” said Leena Jaisani, Deputy Director General, FICCI.

Ministry of External Affairs (MEA) announced on Saturday that Shri Anurag Srivastava, an officer of the Indian Foreign Service (IFS) from the 1999 batch, has been appointed as the next High Commissioner of India to the Republic of Mauritius. Currently serving as Joint Secretary in the Ministry, Srivastava is expected to assume the role shortly. The appointment underscores the importance India places on its longstanding ties with Mauritius. Mauritius, a key partner in the Western Indian Ocean region, shares deep historical, cultural, and demographic links with India.

Maharashtra Assembly Elections, Central Railway will run special suburban trains on November 19-20, and November 20-21, to facilitate the movement of election personnel and the public. According to an official release, these trains will operate on the Main Line (CSMT-Kalyan) and Harbour Line (CSMT-Panvel). CSMT-Kalyan special, CSMT to Panvel Special and Panvel to CSMT Special trains will run on November 19-20

Missed the EMI of your loan by 1 day? It can cost you more than you think What is MCLR?

Donald Trump's most controversial cabinet picks just became even more so: Pete Hegseth, tapped for defense secretary earlier this week, was accused of sexual assault in 2017, according to police. No charges were filed in the case, but shocked Trump transition team officials are nonetheless reportedly weighing next steps for the Fox News host, whose nomination took many in Washington by surprise. President-elect Trump nominated the 44-year-old National Guard veteran on Tuesday to run the world's most powerful military, despite having never managed a large organization.

Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload $13 billion of debt that backed the billionaire's purchase of the social media platform X, three banking sources said. Some of the lenders in the consortium, which included Morgan Stanley and Bank of America, think Musk's emergence as a close aide to Republican President-elect Donald Trump could boost the prospects of X, previously known as Twitter, the sources said. If that were to happen, it would allow them to sell the debt without having to take a massive loss on the deal, the sources said. Musk, X, Morgan Stanley and Bank of America did not immediately respond to a request for comment.

A nearly 800% run in shares of Nvidia over the past two years, driven by its gold standard AI business, has propelled the semiconductor company to the world's top spot by market value.

X users are again flocking to Bluesky, a newer social media platform that grew out of the former Twitter before billionaire Elon Musk took it over in 2022. While it remains small compared to established online spaces such as X, it has emerged as an alternative for those looking for a different mood, lighter and friendlier and less influenced by Musk. What is Bluesky? Championed by former Twitter CEO Jack Dorsey, Bluesky was an invitation-only space until it opened to the public in February. That invite-only period gave the site time to build out moderation tools and other features. The platform resembles Musk's X, with a «discover» feed and a chronological feed for accounts that users follow. Users can send direct messages and pin posts, as well as find «starter packs» that provide a curated list of people and custom feeds to follow. Why is Bluesky growing? Bluesky said in mid-November that its total users surged to 15 million, up from roughly 13 million at the end of October, as some X users look for an alternative platform to post their thoughts and talk to others online. The post-election uptick in users isn't the first time Bluesky has benefited from people leaving X. The platform gained 2.6 million users in the week after X was banned in Brazil in August — 85% of them from Brazil, the company said. About 500,000 new users signed up in one day in October, when X signaled that blocked accounts would be able to see a user's public posts.

Jake Paul in his first professional fight in 19 years. Former heavyweight boxing champion Mike Tyson will return to the ring for his first sanctioned fight since 2005, facing YouTuber-turned-boxer Jake Paul in a highly anticipated bout this Friday. The eight-round fight will take place at the home of the NFL's Dallas Cowboys in Texas, and will be streamed live on Netflix, which boasts over 280 million subscribers worldwide.