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government in Chhattisgarh had pushed the state on the verge of bankruptcy but the BJP government has set a goal of doubling the GDP in five years, Finance Minister O P Choudhary has said. Choudhary, who presented a budget of Rs 1,47,446 crore for 2024-25 in the state assembly on Friday, said that in line with Prime Minister Narendra Modi's vision to make India a five-trillion-dollar economy and a developed nation by 2047, the state budget has paved the way for inclusive development and economic growth. «At a time when the country is marching ahead with zeal and enthusiasm to achieve the single goal of becoming a developed India. Chhattisgarh too has set a vision of transforming into a developed state in the Amrit Kaal,» he said in a write-up after presenting the budget. Through its annual budget, Chhattisgarh has laid the foundation of this new era with a focus on the prosperity of GYAN, stimulating infrastructural growth by increasing capital expenditure, and employment and livelihood promotion for youths of the state, he said.

money flowing into small cap and midcap funds has declined significantly (down 20%). And on the other hand, the fund flows into thematic/sectoral funds have increased dramatically (up over 80%). I am sure you can guess the themes and sectors that are pulling in all the money! Here’s what the Economist has to say on such sectoral/thematic funds: In 2022 Itzhak Ben-David, Francesco Franzoni, Byungwook Kim and Rabih Moussawi, four academics, published research suggesting that thematic equityETFs, which attempt to track a narrow industry or trend, underperform broaderETFs by about a third over the five years after their launch. That is because of a straightforward problem: when thematicETFs get going, the buzz around the investment is already extensive and the underlying assets are already pricey. In effect, while the retail investor may have got one thing right – incrementallyreduce exposure to small and midcaps, she has pivoted to investing in another poor investment idea i.e.

Read more The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Thursday decided to keep its key policy rates unchanged for a sixth straight meeting. Shaktikanta Das-headed six-member MPC maintained the repo rate at 6.5% with five out of six members voting in favour of the rate decision. Read more The RBI projects a 7% real GDP growth for the upcoming financial year 2024–25 from the previous projection of 6.6%.

Among other important results will be those by Aurobindo Pharma, Chemcon Speciality Chemicals, Sai Silks (Kalamandir), Mawana Sugars, MM Forgings and Yatharth Hospital & Trauma Care Services.

National Investigation Agency (NIA) conducted multiple raids in Jammu and Kashmir on Saturday as part of its crackdown against elements allegedly involved in terror funding and radicalisation of youngsters, officials said. The raids are underway at different places, including Gujjar Nagar and Shaheedi Chowk in Jammu city, they added. The officials said a private school and premises linked to three of its functionaries, including the house of the chairman, were raided by the NIA sleuths. The residences of two former leaders of banned outfit Jamaat-e-Islami Jammu and Kashmir were searched in Kulgam district, the officials said.

The consolidated net profit for the quarter is seen rising 33% YoY to Rs 407.40 crore, according to the average of estimates given by five brokerage firms.

Moody's downgraded Israel's credit rating on Friday, citing material political and fiscal risks for the country from its war with the Palestinian militant group Hamas. The impact of the conflict raises political risk and weakens Israel's executive and legislative institutions, and its fiscal strength for the foreseeable future, said Moody's, which had begun the review for a downgrade on Oct. 19.

rainfall activity likely over Central India during 10th-13th and East India during 13th-15th February, 2024." The weather office also observed cold waves in isolated pockets of Punjab and Himachal Pradesh, the bulletin read. - Light isolated rainfall/snowfall very likely over Arunachal Pradesh and Sub-Himalayan West Bengal & Sikkim on 09th February, 2024.

Nirmala Sitharaman tore into the previous Congress-led United Progressive Alliance (UPA) government on Friday, saying it pushed the country into the Fragile Five and left it in dire straits in 2014 with its economic mismanagement by putting the «first family» first. During the UPA regime, the security of the nation was compromised, environmental clearances were delayed, and the leadership failed as it was run by a «super prime minister» and there was at least one big-ticket corruption case every year. Initiating the debate on the 'White paper on Indian economy and its impact on the lives of people of India', Sitharaman said it was Prime Minister Narendra Modi who put the nation first, pulling the country out of crisis and placing it among the top five economies of the world.

Department of Telecommunications (DoT) is looking to unlock about ₹5.45 lakh crore worth of spectrum for 5G and 6G needs through refarming or repurposing of existing frequencies, particularly in the mid-band or 3-6 GHz range, said officials familiar with the matter. «We are looking to make available additional spectrum for mobile use in the coming five years,» said one of the officials, who did not wish to be identified. The DoT believes there is a need to provide more airwaves, especially in mid-band, for upgradation of 5G technology and introduction of 6G, which is expected to be launched by 2030. Most of the spectrum is currently being utilised by domestic legacy users such as defence forces and satellites, which may be shifted to different frequencies.

California. Mauna Loa last erupted in late 2022. It’s one of five volcanoes that make up the Big Island, which is the southernmost in the Hawaiian archipelago.

A Nevada jury has awarded about $130 million in damages in a lawsuit filed by five people who suffered liver damage before bottled water marketed by a Las Vegas-based company was recalled in 2021

Omaxe Ltd on Friday reported a consolidated loss of Rs 71.77 crore for the quarter ended in December 2023. Its loss stood at Rs 109.11 crore in the year-ago period. Total income from operations rose to Rs 601.90 crore in the third quarter of this fiscal year from Rs 253.81 crore in the year-ago period, according to a regulatory filing.

Billionaire investor Ken Griffin's flagship hedge fund rose last month as volatility made a return amid the debate about rate cuts, according to a person familiar with the returns.

environmental clearance to more than 80 per cent of the proposals for «projects and activities» in the eco-sensitive zones of the country in the last five years, Union minister Ashwini Choubey informed the Rajya Sabha on Friday. He also said the Standing Committee of National Board for Wild Life (SCNBWL) recommended a total of 689 proposals in the last five years. The minister said the environment ministry approved 43 of the total 53 proposals received in the last five years for «projects/activities» in the default eco-sensitive zones (ESZs) according to the provisions of the Environment Impact Assessment Notification, 2006. ESZs are eco-fragile areas within 10 kilometers of the borders of protected areas, including national parks and wildlife sanctuaries.

Bank of America equity strategists highlighted the continued preference for cash among investors, with cash seeing a significant $40.1 billion inflow for the week ending February 7th.

PTI. According to police, Noronha suspected that Ghosalkar had implicated him in a rape case. Police said that Noronha (48) used his bodyguard Amarendra Mishra's licensed pistol to shoot Ghosalkar on Thursday evening and later killing himself.

KSK Mahanadi Power will seek the bankruptcy tribunal's intervention to expedite the company's sale process, which has been hanging fire for more than five years, multiple people aware of the matter told ET. On February 6, a requisite majority of KSK Mahanadi lenders passed a resolution to appeal to the National Company Law Tribunal (NCLT) to vacate a stay on the resolution process of the thermal power company and allow a standalone resolution of the company, the sources said. Lenders have verified claims of Rs 29,330 crore in the company that operates three 600 mw units in Chhattisgarh.

The Japanese government has adopted plans to scrap its current foreign trainee program, which has been criticized as a cover for importing cheap labor, and replace it with a system it says will actually teach skills and safeguard trainees’ rights as Ja...

Finland's national carrier Finnair is asking passengers to be weighed voluntarily and anonymously so that it can update their standard weight figures

demat accounts. Analysts said more migrants to Maharashtra entering the capital markets, and a high base in UP may have combined to help the western state reclaim the top slot. Gujarat saw the third highest addition of new investors at 230,000, Rajasthan 140,000 and West Bengal 120,000.