City New Delhi Financial News

NEW DELHI : The historic women’s reservation bill was presented in Parliament on Tuesday, with both the government and opposition Congress party jostling for credit. The bill, with a sub-quota for scheduled castes and scheduled tribes, was the first to be introduced in the new Parliament building, 13 years after the first attempt to pass it. Despite their criticism about the lack of a clear timeline to implement the law, all opposition parties are expected to support it.

NEW DELHI : The diplomatic row over the killing of a Sikh leader in British Columbia will not affect the flow of Canadian investments into India, a senior finance ministry official said on Tuesday. “Firstly, Western nations have invested in markets they have found promising irrespective of political or diplomatic differences. One example is China.

Canadian Prime Minister Justin Trudeau. While Canada said it had raised the matter with France, it is unlikely that Paris will raise the matter with India or issue a statement. The US expressed concern at the allegations and said it is critical for the perpetrators to be brought to justice. «We are deeply concerned about the allegations referenced by Prime Minister Trudeau,» White House National Security Council spokesperson Adrienne Watson said in a brief statement. A spokesperson for Australia's foreign minister Penny Wong said Canberra's concerns had been conveyed to New Delhi at «senior levels». «Australia is deeply concerned by these allegations and notes ongoing investigations into this matter,» the spokesperson said in a statement.

Indian officials said on Tuesday that at least nine separatist organisations supporting terror groups currently have bases in Canada. The remarks came amid a brewing diplomatic crisis between the two countries over the death of Khalistani terrorist Hardeep Singh Nijjar. Prime Minister Justin Trudeau on Monday linked Indian authorities to the July killing, prompting a furious rejoinder from New Delhi.

Mint brings you the background of the case: Hardeep Singh Nijjar became a prominent face in the pro-Khalistan movement in Canada after moving there in 1996. He took on a key role in groups like Sikhs for Justice and founded the Khalistan Tiger Force. Earlier this year, India designated the KTF as a terrorist organization, saying it received financial and logistical support from foreign handlers to carry out terrorist activities in India.

New Delhi: German plumbing materials and sanitary fittings manufacturer Hansgrohe, known for its premium faucets and showers, is set to expand its presence in the Indian bathroom solutions market with the launch of new ceramics line. In an exclusive interview, the German brand’s India managing director, Gaurav Malhotra talked about the company’s plans to introduce 64 new ceramics designs to the Indian market by 2023-end, as a part of its strategy to provide a full range of bathroom solutions to Indian consumers. While faucets and showers constitute the bulk of its business, Hansgrohe sees opportunity to leverage its brand reputation for luxury fixtures catering to aspirational consumers.

New Delhi/ Mumbai: The Union government is weighing the introduction of a production-linked incentive (PLI) scheme for wearables, including hearing devices, to boost local production by both Indian and global companies. “We’re exploring whether there’s a need for it. It’s the fastest-growing category (for consumer goods).

Manipuri film actor Soma Laishram from acting and social functions for three years sending shockwaves to the film fraternity of the strife-torn state. The group, Kangleipak Kanba Lup (KKL) alleged her of taking part as a show stopper in a beauty pageant in New Delhi on Saturday despite a general appeal it made to the people and personal advice to her to desist from partaking in such programmes when Manipur is “still burning” for the last four months. Film Forum Manipur (FFM), the umbrella body of all film bodies of the state, nevertheless expressed dissatisfaction over KKL’s decree on Soma and said it would move on to bring a solution to it. Soma, who has acted in over 150 Manipuri films and bagged numerous awards, clarified that certain misjudgements on her participation at the Delhi event were there. On 16 September, Soma participated as a show stopper in a concluding programme of the North East Students’ Festival held at Talkatora Stadium, New Delhi that celebrated the cultural heritage of the northeast where she passionately spoke on the unprecedented current turmoil in Manipur and used the platform to appeal for support from all for peace and normalcy in the Manipur. “As a professional actor and a social influencer it is my responsible to communicate and speak up about the crisis in Manipur and I chose this platform,” the celebrity actor said. “The event I participated is a northeast festival hosted by My Home India, a non-profit organisation and the programme I took part is a cultural program celebrating cultural heritage of northeast,” she said. A resident of the Kongeng Hajari Leikai in Imphal West district said, she got a call from the concerned organisation a day prior to the programme and suggested that she

Justin Trudeau seems to have gone all Kim Jong Un by stating in Canada's parliament on Monday that 'credible intelligence' from security services link the assassination of Hardeep Singh Nijjar, a pro-Khalistani Canadian citizen, with the 'agents of the Government of India'. GoI has reacted by calling Trudeau's theory 'absurd'.

Canada has warned its citizens against travelling to India amid a brewing diplomatic crisis. The development came less than a day after Prime Minister Justin Trudeau announced that Canadian intelligence agencies were "actively pursuing credible allegations" linking New Delhi to the killing of separatist leader Hardeep Singh Nijjar. “Exercise a high degree of caution in India due to the threat of terrorist attacks throughout the country," cautions the Canada government website.

NEW DELHI : The government is ready to offer a payment security mechanism to vehicle manufacturers who bid for its tenders for electric buses, after the failure of the previous bidding round, according to several people in the government and industry. Under the mechanism, manufacturers who participate in an ‘own and operate’ bid will be assured of payments by the state transport units for their service. If transporters fail to make timely payments, bus makers will be able to receive funds from a corpus set up by the government.

NEW DELHI : The bankruptcy regulator has amended the rules to speed up debt resolution of companies by reducing litigation and giving greater clarity on the obligations of parties involved in the process. The Insolvency and Bankruptcy Board of India (IBBI) also strengthened the role of professionals administering bankrupt businesses by codifying the process by which the records of a company’s assets can be taken over from any person, not just promoters and managers.

NEW DELHI : Monsoon rains that arrived late but then lingered for an extended period, coupled with land acquisition delays, have slowed down road-building in the country. Signs of slowdown in road construction became pronounced with the government scaling down capital expenditure for the sector in calendar year 2023. It built just about 23% of highways in the first five months of FY24 against a record target of 13,800 km.

NEW DELHI : Developed countries can no longer afford to be cautious in providing financing for achieving sustainable development goals, the UN’s resident coordinator in India Shombi Sharp said in an interview. Sharp said the world faces a $4 trillion financing gap for the SDGs and called for greater political will to provide this funding. Sharp said India was uniquely placed between developed and developing countries, which allowed it to deliver a consensus at the G20.

Nirmala Sitharaman on Tuesday launched Kisan Rin portal along with Weather Information Network Data Systems (WINDS) manual in Delhi. The portal will serve as an integrated hub to offer a comprehensive view of farmer data, loan disbursement specifics, interest subvention claims, and scheme utilisation progress. The finance minister also unveiled the Ghar Ghar KCC campaign to achieve saturation of the scheme.

Canada worked 'very closely' with the United States on intelligence that Indian agents had been potentially involved in the murder of a Sikh man in British Columbia earlier this year, a senior Canadian government source said on Tuesday. Prime Minister Justin Trudeau announced on Monday that domestic intelligence agencies were actively pursuing credible allegations tying New Delhi's agents to the shooting of Hardeep Singh Nijjar, 45, in British Columbia in June.

New Delhi: In a reply before the Delhi High Court on Tuesday, the Resolution Professional (RP) for grounded airline Go First stated that the airline's aircraft lessors, BOC Aviation (Ireland) Ltd, ACG Aircraft Leasing Ireland, and DAE 13 Ireland Designated Activity Co, should approach the division bench of the court for directives on aircraft maintenance. The RP argued that the single bench should not pass any directives because, according to the "doctrine of merger," the single bench's 5 July order has already merged with the 12 July division bench order of the High Court, which upheld and modified it. Both orders have been upheld by the Supreme Court, and the plea for modification has reached its finality.

There has long existed a liberal elite across the world for whom Canada could do no wrong, especially under Prime Minister Justin Trudeau. It was partly on account of his leadership, for example, that Americans put off by Donald Trump began talking about what Indians had been doing for decades: moving to Canada.

G20 leaders in India, UN Secretary General Antonio Guterres on Tuesday underscored that it is time for a «global compromise» as he told Heads of State and Government here that the world needs statesmanship and not gamesmanship to deal with current challenges. «Divides are widening within countries. Democracy is under threat. Authoritarianism is on the march.

new Parliament building, which had its maiden sittings of the Lok Sabha and the Rajya Sabha on Tuesday, narrates the stories of India's democratic traditions from the Vedic period to the present day. The growth of democracy in the country is depicted through a series of exhibits in the Constitution Hall of the new building, which itself is inspired by the Sri Yantra, used for worship in the Hindu traditions and considered a source of pure energy. «Commencing a new chapter in India's vibrant democracy, the new Parliament building stands as a beacon of hope and progress. It symbolises our nation's aspirations and the boundless possibilities of our future,» Prime Minister Narendra Modi said.

RAW chief A S Dulat Tuesday said Canada expelling an Indian diplomat after claiming that New Delhi was potentially linked to the killing of a Khalistani extremist will have a bearing on bilateral relations. «This kind of expulsion or terming a diplomat persona non grata keeps happening.