The BS Morning Show

After a two-day discussion, Uttarakhand Assembly has passed the Uniform Civil Code, Uttarakhand Bill, 2024. It will subsume personal laws of all the religions. Marriage, divorce, inheritance of property, etc. will come under one common umbrella. So what will this proposed law change? After the personal laws, let us now see what is happening in India’s insurance sector. Insurance penetration in the country is likely to reach 4.5 percent by 2034, up from the current 3.8%...

The rate setting panel of the Reserve Bank of India has kept lending rate unchanged at 6.5 percent, signalling that its battle against inflation is not over yet. This was the sixth consecutive time that the central bank has left the repo rate unchanged. The Monetary Policy Committee has also decided to stay focused on the “withdrawal of accommodation” stance.  After banking, let us now turn our gaze to the glamorous world of advertising...

The Karnataka government has announced fixed fares for taxis. Now both app-based and non-app based cab aggregators will have to follow a uniform rate chart. One of the triggers of this move was overcharging. But has the state government gone too far by setting cab fares?  Interestingly, the licences of Ola and Uber had expired in 2021, but both the cab aggregators have been operating cabs and autos in Karnataka. The state has refused to renew them alleging non-compliance of regulations...

Byju Raveendran has been in a fire fighting mode for a while now. Even as he was planning to raise funds for his struggling ed-tech start-up Byju’s by slashing its valuation to less than two billion dollars, a group of shareholders are now demanding his ouster. While no one knows what fate holds for Raveendran, some lessons can certainly be drawn from his travails. So what can start-up founders learn from Byju’s case?  Let us now move on to a story of contrast...

Come March, and most Paytm soundboxes might fall silent. It is a void which will be difficult to fill. But the RBI has given a decent window, and merchants are slowly porting their accounts to rivals like Phonepay and Google Pay. While Paytm is trying hard to put its house in order, its Wallet and FASTag services will come to a halt after February 29. So what does it mean for you?  The market value of Paytm has crashed by over 20,500 crore rupees in three straight market sessions...

Over eight months after Go First grounded its entire fleet and filed for bankruptcy, a fresh development has given some hope to its anxious lenders. They are reportedly seeking an extension of the insolvency process by another 60 days after three potential buyers have expressed interest in the airline. SpiceJet’s founder Ajay Singh is one among them. But does Ajay Singh have the wherewithal to catapult Go First back in the air?  But it seems Spice Jet is trying hard to turn the corner...

Finance Minister Nirmala Sitharaman almost stuck to her promise of keeping the interim Budget free of any “spectacular announcement”. But, at the same time, she tried to strike a fine balance between welfare and fiscal prudence. The budget speech was peppered with a number of people-friendly announcements, like the housing scheme for the middle class. And it also promised to bring down the fiscal deficit to 5.1% of GDP in FY25...

Finance Minister Nirmala Sitharaman will equal the feat of former Prime Minister Morarji Desai today when she rises to present her sixth consecutive budget in the Parliament. But will she stick to the old tradition of keeping the interim budget free of pre-election sops or big schemes? What clue could the history of the interim budget offer us?  Finance Minister Nirmala Sitharaman has an impressive record of keeping promises...

The Union Finance Ministry on Monday exuded confidence in a report that the Indian economy will expand at 7% or more in FY25, and that the country will become the third largest economy in the next three years. This economic review report has set the tone for tabling of the interim budget tomorrow. But what are the expectations? Which areas are likely to get more attention? Business Standard team breaks it down for you Clearly, expectations from the interim budget are running high...

It was just over a year ago, on the morning of 24th of January, 2023, when Indian stock markets woke up to a US short seller’s report -- which accused mighty Adani Group of stock manipulation and accounting fraud. While the benchmark indices soon recovered from the shock handed over by Hindenburg Research, the conglomerate had a tough time navigating the challenges...