City New Delhi Financial News

23.09 / 19:45
COST Digital Experts show country voice Showing (Corri)door to China's clout: How IMEC can help India leverage its trade and geopolitical potential
India-Middle East-Europe Economic Corridor (IMEC) was launched with the promise of galvanising connectivity and trade through India, the Arabian Gulf and Europe, with an underlying goal of shifting geopolitics in the region, by countering China’s Belt and Road Initiative (BRI). The precise route map of the corridor will be figured out when the stakeholders meet in the next two months. But a Memorandum of Understanding (MoU) unveiled on the sidelines of the G20 leaders’ meeting shed light on its broader contours — a transit through India, the United Arab Emirates (UAE), Saudi Arabia, Jordan, Israel, and Europe.
23.09 / 16:03
UPS Provident MET President Experts reports FM Sitharaman meets G20 expert group on strengthening of Multilateral Development Banks
Nirmala Sitharaman on Saturday met the G20 Independent Expert Group on strengthening of Multilateral Development Banks (MDBs). The G20 Independent Expert Group (IEG) is co-convened by former American treasury secretary Lawrence Summers and ex-chairman of the 15th Finance Commission N K Singh. The IEG set up by G20 India Presidency has focused on strengthening MDBs and delivered Volume 1 of its report which was acknowledged by G20 leaders in New Delhi Leaders Declaration earlier this month. «The #G20IEG members are currently in India working on Volume 2 of their report to be discussed in #G20 meetings scheduled to be held under the Indian Presidency in #Marrakech on sidelines of @IMFNews @WorldBank #AnnualMeetings,» the finance ministry said in a post on X. The fourth and final Finance Ministers and Central Bank Governors (FMCBG) Meeting under India's G20 Presidency is taking place next month in Morocco. MDBs need to provide an additional USD 260 billion annually to fund sustainable infrastructure and help nations achieve SDG targets, the group said in its Vol 1 report. Additional spending of some USD 3 trillion per year is needed by 2030, of which USD 1.8 trillion represents additional investments in climate action, mostly in sustainable infrastructure, and USD 1.2 trillion in additional spending to attain other sustainable development goals (SDGs), it said. The major MDBs are World Bank, International Finance Corporation (IFC), Asian Development Bank, Asian Infrastructure Investment Bank (AIIB), Inter-American Development Bank (IDB) and African Development Bank (AfDB).
23.09 / 16:03
FIVE Progressive Inside reports volunteers NIA arrests Moirangthem Anand Singh in Manipur transnational conspiracy case
National Investigation Agency (NIA) arrested Moirangthem Anand Singh in a case related to a transnational conspiracy by Myanmar based leadership of terror outfits to wage a war against the Government of India by exploiting the current ethnic unrest in the State of Manipur. The case was registered suo moto by the NIA at New Delhi. Five arrested people in Manipur who were arrested last Saturday with sophisticated weapons donning security forces uniform were granted bail by special NIA court. Soon after the release of five, one person Anand was re-arrested by NIA and taken to New Delhi.
23.09 / 16:03
film Actor love blues singer reports CMS Raghav-Parineeti wedding: Delhi, Punjab CMs Arvind Kejriwal, Bhagwant Mann arrive in Udaipur
AAP) MP Raghav Chadha and actor Parineeti Chopra are all set to tie the knot in the presence of their close family members and friends. According to sources, the couple will exchange nuptial vows on September 24. Many guests arrived in Udaipur to participate in the wedding rituals. On Saturday evening, Delhi Chief Minister Arvind Kejriwal and his Punjab counterpart Bhagwant Mann arrived in Udaipur amid high security to attend Raghav –Parineeti’s wedding functions. Both the CMs were snapped at the airport by the shutterbugs. Kejriwal was seen donning a blue shirt paired with black pants, while Bhagwant Mann wore a white kurta pyjama paired with a grey Nehru jacket. Apart from them, AAP's Rajya Sabha member Sanjay Singh, and actor Bhagyashree also arrived to attend the grand wedding. The wedding rituals and functions are scheduled to take place later on Saturday at the Leela Palace Hotel in Udaipur, Rajasthan, and carry over into Sunday, according to several reports. The duo exchanged rings on May 13 at Kapurthala House in New Delhi in the presence of their loved ones. The star-studded engagement ceremony was attended by several politicians, including Delhi CM Kejriwal, Punjab CM Mann, former Union Finance Minister P Chidambaram and Shiv Sena leader Aaditya Thackeray. Before their engagement, the couple had chosen to keep mum about their relationship. Parineeti and Raghav reportedly knew each other for several years before they began dating.
23.09 / 11:49
VISA Pool Limelight WhatsApp country reports Punjab students invest a whopping ₹68,000 crore annually for studying in Canada: Report
₹68,000 crore for education in just Canada itself. While the firestorm between Ottawa and New Delhi emerged owing to contradicting approach to extremists of a particular religion, it seems followers of the same have contributed to the large influx of immigrant student pool in the North American country.
23.09 / 10:36
Target economy President Department recommendations India needs to grow at 8 pc to bring about transformational changes in lives of people: Summers
India has the potential and should aim to grow at 8 per cent annually to bring about transformative changes in the lives of millions of people by around 2050, said noted economist and former US Treasury Secretary Larry Summers on Saturday. India's GDP growth in 2022-23 was 7.2 per cent as against 9.1 per cent in 2021-22.
23.09 / 09:25
UPS Cooper Man Bill country audience travelers Indian Govt making sincere attempts to draft laws in simple manner, Indian languages: PM
New Delhi: Prime Minister Narendra Modi on Saturday said his government is making sincere attempts to draft laws in a simple manner and in Indian languages to the maximum extent. Inaugurating the International Lawyers' Conference here, he also flagged concerns about cyber terrorism and money laundering besides the use of artificial intelligence for destructive purposes. Modi said these dangers do not recognise borders and jurisdiction and called for collaborative efforts among legal frameworks of different countries to deal with them. «When danger is global, then the manner to deal with it should also be global,» he said. The prime minister cited the example of cooperation between air traffic control systems of all countries to ensure air travel and said preparing a global framework to deal with these dangers is not about one government or country. Chief Justice of India D Y Chandrachud, Union Law Minister Arjun Ram Meghwal, Lord Chancellor and Secretary of State for Justice of the United Kingdom Alex Chalk KC, Attorney General for India R Venkataramani, Solicitor General Tushar Mehta, Bar Council of India chairman and senior advocate Manan Kumar Mishra and others, including several judges of the apex court, were present at the event. Commenting on the legal system, he said the language used to write laws and in the judicial process plays a big role in ensuring justice. «We in the Indian government are thinking that law should be produced in two ways.
23.09 / 08:51
Twitter Platform LinkedIn information reports X's Head of Policy for India and South Asia Samiran Gupta resigns amid election preparations
Gupta's LinkedIn profile, his tenure at X concluded in September. His profile indicates that he facilitated the transition in leadership for Twitter following the acquisition by Elon Musk's X-Corp. Gupta had joined the company in February 2022, just eight months prior to Musk's $44 billion takeover of Twitter Inc, adds the report.
23.09 / 06:49
UPS Racing Metro exclusive recommendations prevention Traffic MotoGP Bharat: Exclusive access for race pass holders as traffic officials implement strict cab regulations
Buddh International Circuit (BIC), located along the Yamuna Expressway in the Dankaur area, which is more than 50 kilometers away from New Delhi. To prevent traffic jams on important roads on Saturday and Sunday, the police have already set up alternative routes for commercial vehicles coming into Noida via DND or Greater Noida via the Yamuna Expressway. Between 12 am and 6 am and 12 pm and 3 pm, vehicles carrying essential goods won't have any restrictions.
23.09 / 05:33
Citi pandemic President 2020 travelers Department Traffic DUSU Election Result 2023: Delhi Police issues special traffic advisory. Check details
Delhi University. Commuters are advised to avoid following route for better convenience. 1.
23.09 / 05:33
Citi WhatsApp week September Bank Holidays: Banks to remain closed for a week in THESE cities as deadline to exchange ₹2000 notes nears
₹2000 must be exchanged or deposited by September 30, 2023. The Reserve Bank of India (RBI) had removed the circulation of ₹2000 notes on 19 May 2023 and had given nearly four months to deposit or exchange these notes. 1.
23.09 / 04:51
UPS Fighting Enterprise Death country "If US has to choose between two friends, it will choose India": Former Pentagon official on India-Canada row
Justin Trudeau's allegations have led to «greater danger» for Canada than India, former Pentagon official Michael Rubin said that if the United States has to choose between Ottawa and New Delhi, it will surely choose the latter as the relationship is «too important». He said that India is far more important strategically than Canada is and Ottawa picking up a fight with India is like «an ant picking up a fight against an elephant». While referring to the poor approval ratings of Justin Trudeau, Rubin added that he is not long for the premiership, and the US can rebuild the relationship after he is gone. «I suspect that the United States doesn't want to be painted a corner to choose between two friends. But if we have to choose between two friends, increasingly we're going to choose India on this matter, simply because Nijjar was a terrorist, and India is too important.
23.09 / 04:37
FIVE Citizens Progressive Fallout Experts country strain Why both India & Canada stand to lose from this dispute
India's image as a democratic country committed to rules-based order could take a hit, according to an expert. A diplomatic row erupted between India and Canada earlier this week following Canadian Prime Minister Justin Trudeau's allegations of «potential» involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, a Canadian citizen, in British Columbia on June 18. India has rejected the allegations as «absurd» and «motivated» and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case. In a blog posted by the Wilson Institute on Friday, Canada Institute Associate Xavier Delgado said, «Trade will likely be the first major casualty of the fallout, with negotiations for the EPTA (Early Progress Trade Agreement) being put on hold.» «Both countries declared that they would pause trade talks with each other earlier this month and Canadian Trade Minister Mary Ng has indefinitely postponed a trade mission to New Delhi that had been planned for October,» he wrote. The negotiations were a notable part of Canada's Indo-Pacific Strategy, which listed the EPTA as a critical step towards a larger comprehensive economic partnership agreement (CEPA) that would bolster trade ties between the two countries, he said. The stalled trade talks have put a $17 billion bilateral trade relationship under strain.
23.09 / 04:01
UPS Citi Platform performer acquires Eldeco acquires multiple land worth Rs 230 crore across cities, to launch Rs 5,000 crore projects
New Delhi: Real estate developer Eldeco Group has acquired multiple land parcels in Greater Noida, Sonepat, and Ludhiana for about Rs 230 crore and plans to launch projects worth Rs 5,000 crore in the next year. The acquisitions are part of a Rs 475-crore platform Eldeco has set up with HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital, to develop multiple residential projects. “The real estate sector has performed exceedingly well in the last year, and we have made acquisitions in line with the expansion plan. The focus will now be on the launches of these projects and taking forward the platform with HDFC,” said Pankaj Bajaj, chairman and managing director of Eldeco Housing and Industries Ltd (EHIL) and MD of Eldeco Infrastructure & Properties Ltd (EIPL). The company recently acquired 8.5 acres for Rs 165 crore in Gurgaon Sector 80 through an auction held by Haryana State Industrial & Infrastructure Development Corporation (HSIIDC). It has acquired a 36,000-square-metre plot in Greater Noida West, where it will develop 750,000 sq ft of residential space with an investment of Rs 250 crore. It has also acquired a 14.5-acre and an 18-acre land parcels in Sonepat, where it will go for plotted and villa development. Eldeco is also aggregating land in Ludhiana for a township, and for the first phase, it has already applied for a licence for 15 acres. “We will start paying HDFC starting next month,” Bajaj said.
23.09 / 03:23
UPS FIVE Death Experts country reports India-Canada Dispute: Expert warns both nations of potential losses
PTI, India's standing as a democratic nation committed to adhering to a rules-based global order could face damage in light of a recent diplomatic dispute. This disagreement flared up between India and Canada when Canadian Prime Minister Justin Trudeau made accusations of potential Indian involvement in the death of Hardeep Singh Nijjar, a Canadian citizen and Khalistani terrorist, which occurred in British Columbia on June 18.
23.09 / 03:23
Cooper VISA Progressive Enterprise Experts country Updates India-Canada row LIVE updates: ‘Indian govt should cooperate in investigation,’ says US
Here are the latest developments on this BIG story:On allegations by Canada, Michael Rubin, former Pentagon official and a senior fellow at the American Enterprise Institute said, "Justin Trudeau was very short-sighted, and no one should trade, their short-term political convenience for the long-term relationship with the world's largest democracy".Experts have pointed out that the talks for a free trade agreement (FTA) between India and Canada may have taken a pause but will resume once the political row between the two countries is resolved.However, they said that India may not hurry for the trade agreement as 60% of New Delhi's exports are already entering Canada at zero duty.In March last year, the two countries re-launched negotiations for an interim agreement, officially dubbed as Early Progress Trade Agreement (EPTA).Over half a dozen rounds of talks have been held between the two countries on the trade pact so far.In such agreements, two countries significantly reduce or eliminate customs duties on the maximum number of goods traded between them. They also liberalise norms for promoting trade in services and attracting investments."I do not think that the current diplomatic row would impact the resumption of FTA talks.
23.09 / 00:53
UPS Digital Amazon Healthcare services Amazon Web Services to help CCMB speed up genomics research
Amazon Web Services (AWS) India Private Ltd has expanded its cloud service offerings to premier research organisation Centre for Cellular and Molecular Biology (CCMB) to help it accelerate research in genome sequencing. The announcement was made by AWS India at the Public Sector Symposium in New Delhi on Friday. This follows a series of similar partnerships in India’s public sector across healthcare, education, and space industries.
22.09 / 19:03
Provident Digital Platform vaccine pandemic country shock View: G20 summit charts a path from past to future amid new challenges and opportunities
These shocks could have been far worse without the critical role digital public infrastructure (DPI) played during the pandemic to provide emergency fiscal transfers to hundreds of millions, support and coordinate vaccine deployment across large populations, and offer digital platforms for education and commerce to blunt the worst ravages of the lockdowns. In doing so, it supported job creation and private sector innovation. The latest IMF and World Bank forecasts project that the 'global south' will contribute nearly 70% of global growth in the next few decades.
22.09 / 18:31
UPS Amazon Healthcare Amazon Web to help CCMB speed up genomics research
Amazon Web Services (AWS) India Private Ltd has expanded its cloud service offerings to premier research organisation Centre for Cellular and Molecular Biology (CCMB) to help it accelerate research in genome sequencing. The announcement was made by AWS India at the Public Sector Symposium in New Delhi on Friday.
22.09 / 18:01
UPS economy Bill Celebrity country Those who used to tear women's reservation bill had to back it: PM Modi
Opposition parties which tore copies of the women's reservation bill earlier were forced to support it in Parliament due to BJP's strength in both Houses and 'growing empowerment of women' in the last few years, Prime Minister Narendra Modi said. He described Parliament's passage of the bill as historic and one that would be registered in the minds of the people for years. Women ministers, BJP office-bearers, MPs and party supporters felicitated Modi at the party headquarters in New Delhi on Friday for passage of the bill. Modi touched the feet of some women MPs to mark the celebration of the legislation. Speaking on the occasion, Modi claimed the bill had been moved in Parliament a few times earlier for the 'sake of doing so' and 'lacked any seriousness' in passing it.
22.09 / 17:51
UPS Waves Chase Highways show 2020 Wither, scientific temperament?
gotra and village", Khattar had in 2020 claimed such prohibition had “scientific backing". The word “gotra" usually refers to lineage that, to many people, marriage must not violate, for that would amount to incest. I don’t want to argue about this, nor chase a precise definition of the word.

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