2020 Financial News

Authorities say that anti-government rebels in the Central African Republic have carried out an attack in a village known for gold mining

travel anywhere in the Eastern Pacific, do plan ahead as the hurricane forecast is out. The forecasters are predicting normal hurricane season for the upcoming period. This has been reported by Fox Weather. The national weather service of Mexico has predicted 15-18 storms to be formed with 7-8 leading to hurricane formation and 3-4 strengthening to major hurricanes. An average season normally sees 15 storms with 8 hurricanes and 4 major hurricanes being formed.

Madison Ventures managing director Mitch Roschelle analyzes the housing market and reveals some of the best places to live outside of big cities on 'The Big Money Show.'

TORONTO — Canadian banks provided almost US$104 billion in fossil fuel funding last year despite the urgent need to reduce emissions, says the latest annual Banking on Climate Chaos report.

government has imposed a penalty of over 1.34 lakh Canadian dollars (about Rs 82 lakh), on IT company Infosys for alleged underpayment of employee health tax for the year ended December 31, 2020, a regulatory filing said. Infosys received an order from Canada's Finance Ministry on May 9.

Tea Association of India (TAI) stated that the strange phenomenon of drop in crop production with no concomitant rise in prices is in stark contrast to the 2020 scenario when drop in production due to covid closure caused a sharp rise in realization of tea prices.

AAUM) of the northeastern states has grown by nearly 145 per cent from 2020 to touch Rs 40,324 crore in March 2024, up from Rs 16,446 crore in March 2020, indicating a growing appetite among investors from smaller towns and cities to invest in mutual funds. The share of the northeastern states increased to 0.73 per cent of the total AAUM of the mutual fund industry, which stood at Rs 55.01 lakh crore in March 2024, up from around 0.67 per cent in March 2020, when the industry’s AAUM stood at Rs 24.71 lakh crore. Though the contribution of these states to the total AAUM of the industry is still small in percentage terms, there has been a steady and consistent growth in mutual fund inflows in these states backed by increasing awareness among people and the growing interest among retail investors for investing in equities through the mutual fund route, Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics, said.

External Affairs Minister S Jaishankar on Monday said the Congress holds Prime Minister Narendra Modi accountable for the mistakes made by first prime minister Jawaharlal Nehru when making comments on China while believing the party has no culpability for the past acts.

ITR Filing for AY2024-25: Like many taxpayers, are you also wondering whether the tax department will allow you to change the income tax regime while filing income tax return (ITR) or not? The Indian government introduced the new tax regime in 2020 (FY2020-21), giving taxpayers one more option alongside the old tax regime for computation of their tax liability.

Supreme Court of India has admitted a petition challenging imposition of the Goods & Services Tax (GST) on the transfer of development rights within joint development agreements between realty developers and landowners.

Like legions of disgruntled former employees who preceded him, Howard Schultz took to LinkedIn last week to complain about what had gone wrong at his old company. Without naming names, the former Starbucks CEO—who all but founded the coffee chain—slagged his successor, writing that after such a significant quarterly earnings miss, “there must be contrition" and that the company should “own the shortcoming without the slightest semblance of an excuse." Schultz has a point.

AAUM) of northeastern states have grown by 145% from Rs 16,446 crore in March 2020 to Rs 40,324 crore in March 2024. This indicates a growing appetite among investors from smaller towns and cities to invest in mutual funds, according to a report by ICRA Analytics. The share of the northeastern states has increased to 0.73% of the total AAUM of the mutual fund industry and stood at Rs 55.01 lakh crore in March 2024. This has increased from around 0.67% in March 2020, when the industry’s AAUM stood at Rs 24.71 lakh crore. “Though the contribution of these states to the total AAUM of the industry is still small in percentage terms, there has been a steady and consistent growth in mutual fund inflows in these states backed by increasing awareness among people and the growing interest among retail investors for investing in equities through the mutual fund route, said Ashwini Kumar, Senior Vice President and Head Market Data, ICRA Analytics.

factor market reforms like land and labour to propel India's growth to a double-digit trajectory, ADB Chief Economist Albert Park has said. «There are still concerns that the basic factor markets like land and labour in the formal sector of unemployment in India are still small. So, you really want to formalise those,» he told PTI in an interview. The factor market reforms include land, labour, energy, and access to credit, among others, which are critical factors for production. Labour reforms have been approved by Parliament in 2020, but it has not been implemented. In 2019 and 2020, 29 central labour laws were amalgamated, rationalised and simplified into four labour codes — the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health & Working Conditions Code, 2020.

Russo Brothers' involvement in the live-action Hercules movie four years ago, updates on the project have been scarce. Recently, the producers shed some light on the current status of the highly anticipated remake.

President Joe Biden on Saturday called Donald Trump «clearly unhinged» and claimed that «something snapped» in the former president after he lost the 2020 election, CNN reported. «It's clear that… when he lost in 2020, something snapped in him,» Biden told supporters in Seattle at a private fundraiser Saturday, according to reporters in the room. «He's not only obsessed with losing in 2020, he's clearly unhinged. Just listen to what he's telling people.»

The New York Times and ProPublica reported that former US President Donald Trump could be hit with an IRS penalty exceeding $100 million as a result of a government audit that found he double-dipped on tax losses related to a Chicago building. The claim was based on a years-long audit and public filings. It is anticipated that the results of the investigation may bring attention to Trump’s business background once more as the presumed Republican nominee looks to win back the White House following his defeat in 2020.

Ladakh military standoff entered its fifth year, External Affairs Minister S Jaishankar said India hopes for a resolution of the remaining issues with China and asserted that a return to normal bilateral ties hinges on peace and tranquillity at the border. In an exclusive interview to PTI, he said the remaining issues mainly pertained to "patrolling rights" and «patrolling abilities». Specifically asked when a resolution to the row can be expected in the backdrop of Prime Minister Narendra Modi's remarks to Newsweek magazine last month, Jaishankar said he only provided a «big picture» viewpoint on the matter. «We would hope that there is a resolution of the remaining issues out there. These issues mainly pertain to patrolling rights and patrolling abilities there,» he said.

Joe Biden is running for reelection on a record and an agenda — often Donald Trump’s. In a hotel ballroom in Seattle, at fancy homes in California and at stops in Illinois and Wisconsin over the past week, Biden has been betting that reminding voters about Trump's presidency and highlighting his Republican opponent's latest campaign statements will work to the Democrat's advantage.

Bharatiya Janata Party MLA Nitesh Rane on Saturday said Hindus in Palghar must vote for the party that will ensure their safety and asserted opting for the opposition INDI and MVA alliances was a «vote for love jihad and land jihad». Addressing a press conference, the Kankavli MLA attacked the Congress and claimed it was speaking the language of Pakistan in the ongoing Lok Sabha polls. «Hindus are ready to take revenge for the brutal way sadhus were killed here,» he said in a reference to the April 16, 2020 incident in Gadchinchle village where two sadhus and their driver was lynched by a mob amid the coronavirus lockdown while they were travelling in a car from Mumbai to Surat. «Hindus in Palghar must vote for the party that will ensure their safety. If they vote for anyone else, then there is sure to be danger ahead,» said Rane, who is the BJP's joint observer for Palghar (ST) Lok Sabha seat. Attacking Shiv Sena (UBT) chief Uddhav Thackeray and the Congress, he said, «Voting for the opposition INDI alliance and Maha Vikas Aghadi is a vote for love jihad and land jihad. The Congress speaks the language of Pakistan. It even questioned the existence of Lord Ram.»

Living at home as long as possible is preferred by a vast majority of adults over 50

India have never won an Olympic medal in archery, but celebrated coach Kim Hyung Tak will not be surprised if they break the duck in Paris. Between 2004 and 2020, India's men's, women's and mixed teams made the quarter-finals six times but could not secure a podium finish. Only Dhiraj Bommadevara has won a quota place for India in archery for the Paris Games, while the recurve archers are chasing a team quota in a qualification tournament in Turkey next month.