City Jaipur Financial News

digital currency available in their digital rupee [CBDC-R] wallet and scan to pay across any UPI QR code. Similarly, merchants need to only display their existing single QR code, which can accept payments in both CBDC and UPI.

India and the United Kingdom are speeding up their efforts to finalize a Free Trade Agreement (FTA) by the end of the year, with the 13th round of negotiations scheduled for later this month. The recent conclusion of the 12th round of discussions on August 31, 2023, signals the determination of both nations to make progress in this important economic partnership.

G20 Summit weekend: The national capital is gearing to prepare for the upcoming G20 Summit which will be held from 8-10 September. From traffic restrictions, schools closed to shops, commercial and business establishment closed, people in Delhi are looking for nearby short getaways.

NEW DELHI : India will have to do “more things" to match the UK’s far more open economy as they negotiate a free trade agreement (FTA), UK’s Secretary of State for Business and Trade, Kemi Badenoch said. Badenoch, who was in India for both a G20 trade and investment summit in Jaipur and FTA talks, said the deal will set a “precedence" due to its unique nature.“The UK has a relatively open economy compared to India. So of course, there will be more things that require movements on the Indian side..

all-India House Price Index (HPI) rose by 5.1 per cent in the April-June quarter of 2023-24 as compared with 3.4 per cent a year ago, according to data released by the Reserve Bank of India on Thursday.

G20 Summit in India is all set to commence on September 9 in the national capital. The summit will be held for two days and will be joined by representatives of member nations as well as guest nations who will engage in discussions about diverse economic reforms. The summit will be concluded on September 10 with the adoption of a G20 Leaders' Declaration.

This will also mean the loss of opportunity to widen their customer base with a number of foreign nationals visiting India, said representatives of multiple retailers' associations.SOTC and MakeMyTrip are, however, seeing a rise in business thanks to those choosing to skip out of the NCR during that period shooting up in the last few days. Schools, colleges and some private offices are shut and the rest will turn to remote working, executives told ET. «Given that schools will be closed, also certain corporates, businesses, we are witnessing an unusual surge in travel,» said Indiver Rastogi, president and group head, global business travel, Thomas Cook (India) and SOTC. Rajesh Magow, cofounder and group CEO, MakeMyTrip, said, «The government's official holiday announcement over the G20 meet days has triggered an increase in searches for cities within drivable distance from Delhi.»Security measure MakeMyTrip has seen a surge in searches for accommodation bookings in destinations such as Sawai Madhopur, Manesar, Amritsar, Vrindavan, Agra, Udaipur, Jaipur etc.

India house up to 15% of the Indian tech talent pool and can drive 50% cost savings for India's $245 billion technology landscape, said a report released by Deloitte India and Nasscom on Tuesday. This includes regions like Ahmedabad, Chandigarh, Indore, Jaipur, Kochi, Mysuru, Warangal, Hubli, Madurai, Raipur, Guwahati and Vishakhapatnam among others. The report found talent pool costs are 25-30% lower than those in mature hubs, with 50% cost savings in real estate rentals compared with mature hubs. This economic advantage also makes these cities an attractive choice for growth with lower investments demonstrated by over 140 Global Capability Centres (GCCs) located in these places.

August bank holiday list August 29 (Tuesday)- Thiruvonam- Banks are closed in Kerala. August 30- (Wednesday)- Raksha Bandhan- Banks are closed in Rajasthan, Himachal Pradesh. August 31- (Thursday)- Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol- Banks are closed in Uttarakhand, Assam, Kerala, Uttar Pradesh.

The National Investigation Agency (NIA) has arrested two wanted absconding accused, including the kingpin, in the 2022 case relating to seizure of explosives and IED material from district Chittorgarh of Rajasthan, as part of the ISIS-inspired terror conspiracy of the 'SUFA' terrorist outfit.

Jaipur, a pet dog named Popcorn was snatched away during an evening stroll, which prompted an exhaustive four-day police search involving the meticulous review of approximately 200 CCTVs and the thorough examination of 20 hotels, stated a TOI report. The three-year-old Shih Tzu named Popcorn was successfully located on Saturday. The search of the missing canine not only resulted in finding Popcorn but also unearthed a gang of wanted vehicle thieves.

The commerce ministry Sunday said the Indian and UK officials will continue their negotiations till the month-end to resolve the differences on the proposed free trade agreement (FTA) reported PTI. The meeting will be followed by a review at the higher level, it said. After the G20 Trade and Investment Ministers Meeting (TIMM) at Jaipur, the progress of the FTA negotiations was reviewed by Commerce and Industry Minister Piyush Goyal and UK's Secretary of State for Trade Kemi Badenoch on August 26.

FTA), the commerce ministry said on Sunday.

Hindustan Times. This notice came a day after the police formed special investigation team (SIT) to look into the case. Some new evidence had also suggested that luxury car rear-ended the fuel truck while speeding.

Rajasthan government has sanctioned Rs 265.64 crore for 15 water projects, it said in a statement on Saturday. The state government is continuously strengthening water projects to ensure irrigation and drinking water supply.

After the conclusion of the two-day Trade and Investment Ministerial Meeting held in Jaipur, commerce and industry minister Piyush Goyal said that there is only one paragraph of the 17-page statement where «we could not get consensus for obvious reasons» but there were «new outcomes which were not part of the agenda before». Digitalisation of trade documents, enhancing information access to MSMEs, framework to map global value chains, best practices on mutual recognition agreements for professional services, and a standards dialogue were the five outcomes of the G20 Trade and Investment Ministers Meeting (TIMM), which culminated into an Outcome Document and Chair's Summary.

RBI holiday calendar, banks will remain closed on 30 August in Jaipur and Shimla. On 31 August, Banks will in Dehradun, Gangtok, Kanpur, Kochi, Lucknow and Thiruvananthapuram due to Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol. The Raksha Bandhan festival also comes around the second long weekend on the month on August.

JAIPUR : India and Britain are discussing business mobility under their proposed free trade agreement (FTA), Kemi Badenoch, the UK minister for business and trade, said on Thursday. Overall visa liberalization issues do not come under the ambit of trade pacts, she clarified. In the services sector, she said, the UK is the largest market in Europe for Indian IT services.

What are some of the major projects in the pipeline? We are right now working on five more projects. Two of these data centre parks are coming up in Mumbai (Powai and Chandiwali). Both these projects are two buildings each with about 67 MW of IT power each.

international trade and investment, helping boost productivity and output and fostering economic growth and prosperity for all. Addressing the opening session of the meeting in Jaipur, Rajasthan, the minister urged the ministers from G20 and other invitee countries to work collectively to achieve concrete, decisive and action-oriented outcomes.

India is hopeful of a «good outcome document» and consensus among G-20 members on the five key areas of trade and investment at the two-day trade ministers' meet beginning Thursday. Commerce and industry minister Piyush Goyal said that the members are looking at reaching a consensus on a «Jaipur call for action». India has identified five priority issues-growth and prosperity, resilient global value chains, MSMEs, logistics, and World Trade Organization (WTO) reform-under its G-20 presidency from December 1, 2022 to November 30, 2023. «We have been able to come up with significant consensus amongst the member countries invoking a Jaipur call for action,» he said, adding that it will help promote industry, MSME sector, upgrade the global trade help desk, and bridge information gaps for MSMEs to help them expand their business and trade. Goyal was addressing the media at the G-20 trade and investment ministers' meeting in Jaipur on Wednesday. He said the members have deliberated on formulating high-level principles for digitalisation of trade and trade facilitation. «We are confident that tomorrow and day after ministerial meetings will come up with a concrete actionable outcome agenda, which will help the world withstand any future shocks,» he said. On WTO reforms, he said India wants the dispute settlement mechanism of the multilateral trade watchdog to work smoothly.Russia-Ukraine conflict shadow On the Ukraine-Russia conflict casting a shadow on the G-20 trade and investment track outcome, he said that there are realities on which consensus is not possible.