One of the Nobel Prize winners for economics, Michael Kremer said that the Skype message he had received informing about the award was appeared scam at the first. Later, he realised that he had been awarded along with Abhijit Banerjee and Esther Duflo “for their experimental approach to alleviating global poverty.” Banerjee and Duflo couple have 2 kids.
Diamantaire Mehul Choksi has duped Punjab & Sind Bank Rs. 441 million, the public sector bank said. This is the first time the bank has revealed details on the default committed by Choksi. The New Delhi-based PSB has issued notices proclaiming him as a "willful default-er". The bank has now initiated recovery proceedings against him.
The number of crorepati taxpayers surged 20% to 97,689 during assessment year 2018-19, says data released by the revenue department. The number of such persons having taxable income of over Rs 1 crore stood at 81,344 during AY 2017-18. The data includes income-distribution information of corporate, firms, Hindu Undivided Families and individuals.
The Forbes India Rich List 2019 says Mukesh Ambani is the richest Indian with a net worth of $51.4 billion. Gautam Adani is second with a net worth of $15.7 billion and the Hinduja brothers third with a net worth of $15.6 billion. A new entrant to the list is Byju Raveendran, founder of Byju’s App who is at No. 72 with a net worth of $1.91 billion.
A rich apple harvest in Jammu and Kashmir has come as good news for the Union government, whose decision to revoke the state’s special constitutional status triggered a backlash that crippled the tourism industry. The fruit harvest is expected to hover around 1,956,331 metric tonnes this year and could be a sign for business to pick up in the valley.
The retail price of tomatoes surged up to Rs 80 per kilogram in the national capital on Wednesday. This price surge is due to supply disruption caused in the wake of heavy rains in key tomato growing states including Karnataka. Earlier, the price of onions registered a steep rise. However, it has now come down marginally compared to last week.