India Financial News

Kshatriya leaders associated with the BJP in Gujarat on Sunday appealed to the community to forgive Union minister Parshottam Rupala for his remarks and vote for the saffron party in the nation's interest. Rupala is the BJP candidate from Rajkot Lok Sabha constituency. Barring Surat, where the party nominee has won unopposed, the other 25 seats in the state will go to polls in the third phase on May 7. Kshatriyas, also known as Rajputs, have been protesting in different parts of Gujarat over Rupala's alleged derogatory remarks about former rulers, urging people to vote against BJP candidates across the state. With just two days left for polling, BJP's Kshatriya leaders on Sunday issued a joint statement appealing to the community to show a big heart and embrace the Sanskrit verse «kshama virasya bhushanam» (forgiveness is the ornament of the brave).

Ravindra Jadeja produced an all-round effort to help Chennai Super Kings beat Punjab Kings by 28 runs in an Indian Premier League match here on Sunday. Sent into bat, Jadeja made 43 runs off 26 balls and then picked up 3 for 20 to ensure a win for CSK. Chasing a modest 168, PBKS faltered from the word go with only Prabhsimran Singh (30) and Shashank Singh (27) making significant contributions with the bat before being restricted to 139 for 9 in 20 overs. Besides Jadeja, Simarjeet Singh (2/16) and Tushar Deshpande (2/35) picked up two wickets each for CSK.

Rahul Gandhi always wear a white T-shirt? The Congress leader has not one but two reasons — it conveys "transparency" and "simplicity". Gandhi answers several such light-hearted questions in a more than two-minute video released by the Congress on its social media channels. In the video captioned «A day campaigning in Karnataka. Some light rapid fire questions and some very illustrious company», Gandhi also talks about his take on the importance of ideology. «In my view, you cannot go as a large organisation towards power without a clear understanding of the ideology. We have to convince the people of our ideology which is pro-poor, pro-women, plural, treating everybody equally,» he says.

REC Ltd on Sunday said it has received RBI's approval to set up a subsidiary in GIFT City, Gujarat. The proposed subsidiary will engage in a range of financial activities as a finance company within GIFT, including lending, investment, and other financial services, a company statement said. According to the statement, REC Ltd, under the Ministry of Power and a leading NBFC, has received a 'No Objection Certificate' (NOC) from the Reserve Bank of India (RBI) for setting up a subsidiary in Gujarat International Finance Tech-City (GIFT) in Gandhinagar, Gujarat. The decision to expand operations into GIFT, a burgeoning hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth, it stated.

dynastic politics" of the Samajwadi Party and the Congress on Sunday, saying while the opposition alliance partners work only to benefit their own families, he is building a better future for the nation's next generations. «Modi and Yogi are working for the future of your children… we don't have children (of our own),» he said, addressing a Lok Sabha poll rally here in the home district of Samajwadi Party (SP) founder Mulayam Singh Yadav, who died in 2022. The prime minister said that he is laying the foundation to ensure that India remains a powerful nation for the next 1,000 years. «Modi is doing this because irrespective of whether Modi is there or not, the country will always remain and what are these SP-Congress people doing? They are fighting elections for their future and the future of their children,» he added.

Karnataka will give financial assistance to victims of alleged sexual assault by Hassan MP Prajwal Revanna, AICC general secretary RS Surjewala announced in Belagavi on Sunday as the Congress regime sought to speed up investigations into the reports of sexual abuse of women as revealed by leaked video clips. Chief Minister Siddaramaiah and Deputy CM DK Shivakumar accompanied Surjewala when the latter made the announcement at a media conference. Belagavi is among the 14 Lok Sabha seats that will face polls on May 7. The AICC leader said the government would give financial assistance to the Hassan rape victims as it was an unprecedented case.

Assembly elections in Odisha, the Congress on Sunday replaced its five candidates and announced Akshaya Acharya from the Nilgiri constituency. All India Congress Committee (AICC) in a press release on Sunday said that the Central Election Committee of the party has approved the revised list of Congress candidates for the Odisha Assembly polls. Out of six constituencies, the party replaced the candidates in five constituencies.

Congress and INDIA bloc are using them as pawns, asserting that the community is also coming to the BJP after seeing the development done by it. Addressing a rally in support of the BJP candidate in Dhaurahra, Modi also said that the poor and those belonging to the SC, ST and OBC communities have distanced themselves from the Congress and the opposition alliance, and come to the BJP. «Politics of appeasement has become compulsory for the existence of 'shehzade' of SP and Congress,» he said in an apparent attack on Congress leader Rahul Gandhi and Samajwadi Party president Akhilesh Yadav. «Muslim community also understands that the Congress and INDI alliance have made them pawns,» Modi, said adding that the Muslim community is also coming to the BJP after seeing the development done without any prejudice.

Indian Overseas Bank has made concerted efforts for a reduction in Non-Performing Accounts and has adopted a multi-pronged approach to ensure a maximum recovery from such accounts. The measures taken by the city-headquartered bank have yielded a decline in Gross NPA to 3.90 per cent as of December 31, 2023, from 11.69 per cent recorded as of March 31, 2021, the bank said in a statement here. To sustain and bolster this momentum, the bank has published a sale notification that pertains to the sale of 92 NPA loans, aggregating to an outstanding due of Rs 13,471.68 crore. «Indian Overseas Bank in its concerted efforts towards reduction of NPA has embraced a multi-pronged approach to ensure maximum recovery in NPA accounts. IOB has diligently implemented timely recovery measures including Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) actions, Compromise Settlement Schemes, and sale to Asset Reconstruction Companies,» the statement said.

Financial Intelligence Unit (FIU) has operationalised an advanced 2.0 version of its information technology system, armed with artificial intelligence and machine learning tools, to check money laundering and terrorist financing crimes in the country's economic channels. The upgrade of the technological backbone was required as the volume of data (suspicious transaction reports) flagged by banks and various other financial institutions to the FIU for analysis and further dissemination to investigative and intelligence organisations has been «increasing», a latest report for the 2022-23 fiscal said. The agency was set up in 2004 to «play a decisive role in India's fight against the menace of money laundering and terrorism financing» under the legal setup of the Prevention of Money Laundering Act (PMLA).

Predator drones at air bases in Sarsawa and Gorakhpur in Uttar Pradesh, for upgrading their surveillance capabilities all along the Line of Actual Control with China from Ladakh to Arunachal Pradesh. The drone deal, expected to be worth around USD 4 billion is being done at tri services level with the Indian Navy leading the negotiations for it with the American side. «The MQ-9B drones require a significant runway length for take off and landing which are available with the Indian Air Force. That is why, the Army dornes are planned to be deployed with the IAF at airbases in Sarsawa and Gorakhpur,» defence officials told ANI.

Secularism means respect for all religions and it does not mean that you deny your own religion or are somehow not proud of your culture and heritage, said External Affairs Minister S Jaishankar on Sunday, clarifying what he means by the concept. His remarks came during an interactive session in Odisha's Cuttack while campaigning for the Bharatiya Janata Party (BJP) amid Lok Sabha elections. On being asked how secularism can be incorporated in the country's foreign policy, EAM Jaishankar explained, «Now first of all let us be very clear what we mean by secularism. Secularism means respect for all religions. Secularism does not mean. that you deny your own religion or you are somehow not proud of your culture and heritage. Today's Bharat there are history, culture, and traditions.»

Congress leader Rahul Gandhi, Defence Minister Rajnath Singh said that a leader who is not being praised in his country but is getting applauded by Pakistleaders, has «no moral right» to do politics. He was addressing a public meeting in Kadapa constituency in Andhra Pradesh on Sunday. «Congress leader Rahul Gandhi is being praised in Pakistan, you can't find anyone praising him in India, but a former Pakistan minister has praised him. As per my understanding, if a person who is not praised in his own country but is being praised but other country, that person has no moral right to do politics in India,» Singh said in his address.

Bajrang Punia has been handed provisional suspension for refusing to give his sample for dope test during recent trials and the Wrestling Federation of India (WFI) is furious that NADA kept it «in dark» on the development and is planning to write to World Anti-Doping Agency (WADA) on the matter. Bajrang was handed provisional suspension on April 23 by National Anti Doping Agency (NADA) and asked to send his reply by May 7 to avoid further disciplinary action. The trials to pick the men's national team for the Asian Olympic Qualifiers in Bishkek were held in Sonepat on March 10 and Bajrang had walked off the venue without providing his urine sample after losing his bout. Reacting to his suspension, Bajrang said he never refused to provide his sample to NADA officials.

Congress leader Charanjit Singh Channi today claimed that the attack by terrorists on an Indian Air Force vehicle in J&K's Poonch on May 4 was pre-planned to help the Bharatiya Janata Party (BJP). He went on to dub it as «stuntbaazi.» «This is stuntbaazi. When elections come, such stunts are done to make the BJP win. These are pre-planned attacks; there is no truth in them,» Channi was quoted as saying by news wire agency ANI. Channi's statement was in stark contrast to that of Congress President Malikarjun Kharge and Rahul Gandhi.

PTI. He further said that the least number of jobs were created during the UPA government period from 2004 to 2013 and It was then that the term ‘jobless growth’ came about. ALSO READ: Young India has Virat Kohli mentality that…': Raghuram Rajan “The job creation by the Modi government has been the highest on record.

FSSAI) on Sunday said that India has one of the most stringent standards of maximum residue limits (MRLs) in the world, and that these are fixed at different levels for different food commodities based on risk assessments. MRL is the maximum amount of pesticide residue expected to remain on food products when a pesticide is used according to label directions and is not a health concern for humans, the Indian food regulator said in a press statement.

Pakistan, some others mocked, saying he should fight elections from Italy. On Sunday, Rajasthan BJP MLA Swami Balmukundacharya said Rahul Gandhi should contest elections from from his "maternal home" in Italy. "He must visit his maternal home and contest the elections there.

Women's T20 World Cup 2024 schedule: The International Cricket Council (ICC) on Sunday announced the schedule for the upcoming Women's T20 World Cup 2024. The ninth edition of the marquee event will be held between October 3 and 20 in Bangladesh. The high-voltage India vs.

Red River, tells an expansive story set in an Assam shattered by insurgency and anti-Bengali protests, where ordinary lives are upturned by cruel sleights of hand. It is a familiar theme explored by many writers, from Indira Goswami to Aruni Kashyap, in Assamese as well as English, but Batabyal brings freshness to the well-worn subject through his gift of characterisation and storytelling. Red River takes the reader back in time when separatist movements held a death grip over Assam, opposing the demographic composition of the state.

ALSO READ: ‘Why is Shubman Gill selected for T20 World Cup squad?’ Cricket legend says BCCI chooses GT captain ‘even if he fails’ Despite being selected in the Indian squad for the upcoming ICC Men's T20 World Cup 2024, Gill has been kept as a reserve player along with Rinku Singh, Avesh Khan, and Khaleel Ahmed. With the performance degrading day by day, former Indian opener Virendra Sehwag backed Gill to return stronger. He also recalled his own playing days and referred to the likes of Sachin Tendulkar, Rahul Dravid, Sourav Ganguly, and VVS Laxman.