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Partnering with the International Development Research Centre (IDRC) and the Global Development Network (GDN), and with the active involvement of India’s G20 Sherpa, in July this year, Niti Aayog hosted an international conference on ‘A Green and Sustainable Growth Agenda for the Global Economy.’ The conference was an official side-event of India’s G20 presidency, timed such that the discussion could inform the forthcoming summit communique, which subsequently emerged as the landmark New Delhi Leaders’ Declaration. Leadership of the G20 passed from India to Brazil on 1 December, just as the two-week long 28th Conference of the Parties of the United Nations Framework Convention of Climate Change (UNFCCC) got going in the UAE.

NEW DELHI : Vivo India’s interim chief executive officer (CEO) Hong Xuquan, chief financial officer Harinder Dahiya and consultant Hemant Munjal were arrested by Enforcement Directorate (ED) on charges of money laundering and remanded to custody by a sessions judge in Patiala House Court for three days. The order was issued on the grounds that the executives held critical positions, played a crucial role in acquiring ₹20,241 crore as proceeds of crime, and that the executives were not cooperating with the authorities. Interim CEO Hong Xuquan was cited as a witness in the previous complaint filed by the enforcement body earlier this month.

GSP) are expected to figure in the meeting of India-US Trade Policy Forum (TPF) in January here, an official said. US Trade Representative Katherine Tai will be here for a meeting with Commerce and Industry Minister Piyush Goyal. «Both sides will discuss ways to increase trade and investments between the two countries during the two-day meeting from January 13, 2024.

NEW DELHI : Playing real-money games such as rummy or poker might get more expensive as gaming startups scramble for ways to cope with the impact of higher taxes. Online gaming firms are staring at steep hits on their finances after tax authorities decided to bump up levies on the nascent sector to 28% of net revenue, from 18% earlier. “Of course, our operating margin will take a hit due to the increased tax rate.

Delhi Metro from Shahdara to Tis Hazari on the Red Line. Passengers services began a day later on Christmas. Since then, the Delhi Metro has emerged as Delhi's lifeline and the entire National Capital Region (NCR), the DMRC said in a statement on Sunday.

The year 2023 was mixed for the Indian economy, with gross domestic product having expanded quicker than expected but the effects of a below-normal monsoon keeping inflation fears intact. While the government lent support to the economy through capital expenditure, gross fixed capital formation, a proxy for investments, remains low despite some improvement.

New Delhi: States with relatively high revenue deficits such as Punjab, Himachal Pradesh, Kerala, West Bengal and Andhra Pradesh must take a leaf out of their healthy counterparts' book, Krishnamurthy V Subramanian has told ET, adding that the fiscal position in those states is a matter of concern even as the overall situation seems to have improved from the peak of the pandemic. Likening their fiscal situation to «aamdani atthanni kharcha rupaiya» (spend twice than you earn), Executive Director of the International Monetary Fund (IMF) said «there is no option for these states but to implement some necessary, though not popular, decisions to tighten their fiscal belts by reducing unproductive expenditures.» The fiscal situation of these states is like a leaky boat that can have only one outcome — «sink», he added. «These states should look to learn from Uttar Pradesh, Maharashtra, Madhya Pradesh, Karnataka and Tamil Nadu, which together accounted for more than 40% of the combined capital outlay undertaken by all states during the last five years,» Subramanian said in an interview over phone and email from Washington. «The states can also look to emulate Gujarat's Atmanirbhar Gujarat Policy for assistance to mega industries in sectors such as green energy ecosystem, mobility, capital equipment, metal and minerals, and gems and jewellery,» he added. Subramanian, who had earlier served as India's Chief Economic Advisor, further said the states with large revenue deficits will find it tough to get out of debt as these are also the states where the growth rate of state GDP is not so high. Conceptually, a revenue deficit implies that the revenue receipts of a state are not sufficient to meet its revenue expenditure,

(This story originally appeared in on Dec 21, 2023)

Siddaramaiah on Saturday clarified that they Karnataka Government has not reversed the Hijab Ban that the previous Bhartiya Janata Party (BJP)-led government had imposed on the state. CM Siddaramaiah said that the Congress government has only been contemplating lifting the Hijab ban in educational institutions in the state. Karnataka CM Siddaramaiah informed that a decision on the same would be taken after discussions in the government level.

Indian diplomacy, External Affairs Minister S Jaishankar asserted that New Delhi has effectively cultivated relationships with multiple and often competing powers, calling it a «significant» milestone. Speaking at the 3rd convocation of Rashtriya Raksha University in Lavad, Gandhinagar, Jaishankar emphasized that geopolitical considerations often revolve around identifying reliable partners during challenging times. He said, «It has been a significant achievement of Indian diplomacy that we have been successful in forging relationships with multiple and often competing powers.» Highlighting the positive impact of overall national development since 2014 that has addressed the shortcomings in the security domain, Jaishankar said,«Strenous efforts have been made, especially in the last decade, to correct the shortcomings of the previous ones. The overall development of our national strengths that we have seen since 2014 has clearly had positive repercussions in the security field, whether it is internal, external or at the border.» «There are some basic components of these capabilities that all of us are familiar with.

BJP on Saturday strongly reacted to Karnataka government's decision to withdraw the ban on wearing hijab in educational institutions in the state, saying the ruling Congress is carrying forward the British policy of 'divide and rule'. The saffron party also stated that the move raises concerns about the "secular nature" of educational spaces. The reaction comes a day after Chief Minister Siddaramaiah had said that he ordered lifting of the restrictions on wearing hijab, while observing that choice of dress and food is personal.

NEW DELHI : Indirect taxes, trade discounts and intra-group sales will be excluded while computing the turnover of an entity for the purpose of imposing a penalty for any violation of competition law, the Competition Commission of India has proposed as part of its draft penalty regulations. CCI has sought public comments on a set of regulations called the CCI (Determination of Turnover or Income) Regulations, 2023 to implement the amended provisions of the Competition Act. The government had amended the law earlier this year.

Shankar Prasad Sharma on Friday said that Nepal and India are working to establish a sister city relationship between Janakpur and Ayodhya. He further said the Nepal Embassy in New Delhi was glad to receive Janakpur Mayor Manoj Kumar Sah and other dignitaries to participate in a program organized by the Chamber of India. «Gald to receive Mayor Manoj Kumar Sah and other dignitaries from Janakpur Dham at @EONIndia. They were here to participate in a program organized by the Incredible Chamber of India.

NEW DELHI: India’s audit regulator on Friday pointed to gaps and inadequacies in procedures followed and documentation of statutory audits done by top audit firms. The National Financial Reporting Authority (NFRA) issued its report after inspections at BSR & Co. LLP, Price Waterhouse Chartered Accountants LLP, Deloitte Haskins & Sells LLP, and SRBC & Co.

Mint’s queries till press time. Furthermore, the two countries are now exploring opportunities in Asia, expanding their focus beyond Latin America and Africa.

NEW DELHI/MUMBAI: India took a step a closer to instant settlements in share trading on Friday, with the stock market regulator proposing it as an option in addition to the existing Transaction+1 (T+1) settlement cycle. Market participants said retail investors making delivery-based trades stand to benefit if the proposal in the regulator’s consultation paper makes it to the final stage, since they will receive proceeds instantaneously. This would be especially beneficial for investors selling shares since they will immediately receive money, which can be reinvested elsewhere.

NEW DELHI: India’s government-backed quasi-sovereign wealth fund for infrastructure investments is now ready to welcome its new honcho. Sanjiv Aggarwal, who oversees global private equity firm Actis’s energy investments in Asia, is set to take over as the chief executive of National Investment & Infrastructure Fund (NIIF), two people aware of the matter said on condition of anonymity. “Sanjiv has been selected to head NIIF.

NEW DELHI : Tata Group-backed Air India is set to induct the first of the 470 aircraft it had ordered, with the Airbus A350 expected to arrive at Delhi airport Saturday morning, people aware of the development told Mint. Air India received regulatory approvals for engineering line maintenance of the A350 aircraft from the Directorate General of Civil Aviation earlier this month. “The aircraft will be put into commercial domestic flight operations for metro-to-metro connectivity by the end of January as it will take at least 3-4 weeks since its arrival in India to complete extensive checks and approvals," an Air India official said.

JD(U) leader swipes at INDIA bloc, says 'meet is limited to chai-samosas' In the last INDIA bloc meeting in New Delhi, Mamata Banerjee had reportedly proposed the name of Mallikarjun Kharge as the alliance convener and prime ministerial candidate. Mamata Banerjee said the proposal was backed by Delhi Chief Minister Arvind Kejriwal.

SDGs) and SDG-related climate targets, including through multilateral institutions where India and Germany are members, such as the International Solar Alliance (ISA)," the two sides said in a joint declaration of intent released in May 2022. The two sides are also considering expanding their collaboration into Madagascar and Ethiopia, Dhanda told Mint.

INDIA bloc MPs to lead protest march on Thursday over suspension from Parliament They briefly marched outside the Parliament building in New Delhi behind a huge "Save Democracy" banner and carried placards reading “Democracy is in danger". More than 140 opposition lawmakers were suspended from the two houses of Parliament over the past week for demanding a statement from Home Minister Amit Shah about a December 13 security breach when two intruders stormed the chamber by jumping from the visitors' gallery and releasing yellow smoke canisters.