Action Financial News
29.06 / 07:59
MET
Progressive
Action
economy
Highways
country
Master plan of Rs 424 crore for upgrading facilities at Badrinath temple: Uttarakhand CM Dhami
Dhami said on Saturday that a master plan of Rs 424 crore has been prepared for the upgradation of facilities at Badrinath temple in the state. The Chief Minister said that his government is committed to developing the pilgrimage sites of the states with better coordination of ecology and economy. «A master plan of Rs 424 crore has been prepared for upgrading facilities at Shri Badrinath temple, under which development work is in progress. Our government is committed to developing the pilgrimage sites of Devbhoomi with better coordination of ecology and economy,» Dhami said on X.
29.06 / 07:59
29.06 / 00:25
UPS
Action
Fighting
wellness
reports
prevention
FATF lauds India efforts to combat laundering and terrorist financing
mutual evaluation report (MER) that the Financial Action Task Force (FATF) adopted at its meeting in Singapore recognised the Indian government's achievements in fighting money laundering and the funding of terrorism, the finance ministry said. «The MER adopted in the FATF plenary places India in the 'regular follow-up' category, a distinction shared by only four other G20 countries,» the finance ministry said in a statement on Friday. «This marks a significant milestone in the nation's efforts to combat money laundering (ML) and terrorist financing (TF).» The MER assessed the effectiveness of India's measures to combat money laundering, terrorist financing and proliferation financing, as well as its compliance with FATF norms, the intergovernmental body said in a statement on Friday. «India has reached a high level of technical compliance with the FATF requirements and its anti-money laundering and terrorist financing regime is achieving good results,» the FATF noted.
28.06 / 20:39
markets
UPS
ETH
Target
Telegram
Action
Football
Airdrops, Copa America and Euros Powers Rollbit Killer TG.Casino Token (TGC) Price 20% Higher
The fastest-growing online casino globally, TG.Casino is on fire as football tournaments, airdrop news and booming revenues powers the token 20% higher in the past 24 hours.
28.06 / 17:21
Action
security
wellness
country
peace
International
We oppose unilateral actions to change status quo by force: India on fresh tensions in South China Sea
India on Friday said it opposes unilateral actions seeking to change the status quo by force in South China Sea amid concerns over China's escalatory moves against the Philippines' maritime operations in the region. Tensions between China and the Philippines escalated following an incident of violent clash between their maritime security personnel few days back in the South China Sea. «We have always emphasised on adherence to international law, respect for the rules-based order, and resolution of disputes in a peaceful manner,» external affairs ministry spokesperson Randhir Jaiswal said. «Other than that, we also believe that there should not be any incident or approach that destabilises the region,» he said.
28.06 / 16:33
Citi
Action
Bill
reports
travelers
rights
Embassy in constant touch with Indian nationals in Lebanon, advisory issued for abundant precaution: MEA
Lebanon, the Ministry of External Affairs on Friday said the Embassy of India in Beirut is in «constant touch» with the Indian nationals there and added an advisory has been issued for them as a matter of «abundant precaution». MEA official spokesperson Randhir Jaiswal, in response to a query during a weekly media briefing here, said the advisory is not a «not a travel advisory» restricting the Indians to travel to Beirut. Some reports had claimed that India has issued a travel advisory for its nationals. «Our embassy in Beirut has issued an advisory. A lot of Indian nationals stay there, work there… there are professionals. As per the information that I have, about 2,000-3,000 people are there. Our embassy is in constant touch with them. We have not issued any travel advisory. We have just said that they should keep in touch with the embassy, so that if there is any incident, we can take action as soon as possible,» he said.
28.06 / 16:21
UPS
Action
Chevron
President
Justice
Schools
Courts
What it means for the Supreme Court to throw out Chevron decision, undercutting federal regulators
Executive branch agencies will likely have more difficulty regulating the environment, public health, workplace safety and other issues under a far-reaching decision Friday by the Supreme Court
28.06 / 15:49
Provident
Digital
Google
Action
Gap
information
reports
ISRO outshines Google? Geoportal-Bhuvan offers 10 times more detailed data, says, ISRO Chief
ISRO Chief S. Somanath recently announced that Bhuvan offers users data that is ten times more detailed than what Google provides.
28.06 / 15:33
UPS
SEC
Action
Trade
track
Investigations
Critics question Finra as watchdog’s caseload plunges
Two days after Christmas, a prominent Wall Street regulator updated a database with news of interest to the industry: A $1.4 trillion brokerage had been slapped with one of the year’s biggest fines for allegedly losing track of almost a million trades.
28.06 / 15:09
Action
performer
country
cover
reports
recommendations
Schools
'Good FATF rating to help India Inc raise overseas funds without elaborate background checks'
FATF rating obtained by India will enable domestic companies to access overseas investments without going through elaborate background checks and enhanced due diligence process, highly placed sources said. The global crime watchdog, FATF on Friday adopted mutual evaluation report on India and placed the country in «regular follow-up» category. The Financial Action Task Force (FATF) hailed India for achieving high level of technical compliance. It said the country's efforts towards anti-money laundering (AML) and countering of terror financing (CFT) are achieving good results.
28.06 / 14:13
Digital
Action
economy
WhatsApp
Trade
inclusion
International
India, US extend digital tax on e-commerce supplies till June 30
India and the US have decided to extend a 2 per cent equalisation levy or digital tax on e-commerce supplies until June 30, the finance ministry said on Friday. In a major reform of the international tax system, India and the US have joined 134 other members of the OECD/G20 Inclusive Framework (including Austria, France, Italy, Spain, and the UK) in reaching an agreement on October 8, 2021, on the statement on a two-pillar solution to address the tax challenges arising from the digitalisation of the economy. On October 21, 2021, the US and Austria, France, Italy, Spain, and the UK reached a political compromise on the transitional approach to the unilateral measures in force while Pillar 1 is implemented. On November 24, 2021, India and the US agreed that the same terms that apply under the October 2021 Joint Statement shall apply between India and the US with respect to India's charge of 2 per cent equalisation levy on e-commerce supply of services and the US' trade action regarding the said Equalisation Levy.
28.06 / 13:29
Aviat
Action
Airlines
WhatsApp
Ensure there is no abnormal surge in airfares for Delhi flights, govt tells airlines
civil aviation ministry on Friday asked airlines to ensure that there is no abnormal surge in airfares for flights to and from the national capital amid suspension of operations at Delhi airport's Terminal 1 following the roof collapse incident. On Friday at around 5 am, a canopy at the old departure forecourt of the Terminal 1 (T1) partially collapsed, an incident that left one person dead and at least six others injured. With the T1, which handles domestic flight operations of IndiGo and SpiceJet, being shut, there have been flight cancellations and operations have been shifted to T2 and T3 temporarily. Against this backdrop, a senior official on Friday said the ministry has asked airlines to ensure that there is no abnormal surge in airfares for flights to and from Delhi.
28.06 / 12:35
Action
Analysis
stage
innovations
reports
Relationships
Morgan Stanley’s Open AI-powered solution for advisors has expanded
The use of artificial intelligence is at varying stages in wealth management, but one Wall Street firm has been keen to gain a competitive advantage as an early adopter.
28.06 / 12:15
Platform
Action
Fighting
country
social
International
Turkey welcomes removal from a key money-laundering watchlist, hoping to boost foreign investment
Turkey has welcomed a decision by an international watchdog to remove it from a so-called “gray list” of countries that have not fully implemented measures to fight money laundering and terrorism financing
28.06 / 11:25
markets
COST
Citi
Digital
Action
Sustainability
Remark
Budget 2024: Real estate looks for policy boost, tax sops for homebuyers
The Indian real estate industry has achieved remarkable growth figures in recent quarters. As the Union Budget 2024 approaches, there is optimism within the sector for significant reforms to be announced. Through the allocation of resources and the implementation of favorable policies, the government has the power to accelerate the growth of this industry, leading to job creation and economic stimulation.
28.06 / 10:35
Action
WhatsApp
country
FATF adds Monaco, Venezuela to money laundering 'grey list'
Global money laundering body FATF on Friday said it added Monaco and Venezuela on its so-called grey list with countries under special scrutiny. Both countries now made high-level political commitments to work with the body and implement an action plan to strengthen the effectiveness of their regulation, the FATF said.
28.06 / 09:21
UPS
Provident
Target
Action
country
reports
Rich nations should provide climate finance to developing countries: Bhupender Yadav
carbon emissions should come forward and own the responsibility of providing finance to developing countries to address the climate crisis, Union Environment Minister Bhupender Yadav said on Friday. Climate finance will be at the centre of the UN climate conference in Baku, Azerbaijan, where the world will reach the deadline to agree on the New Collective Quantified Goal (NCQG) — the new amount developed nations must mobilise every year starting in 2025 to support climate action in developing countries. «Temperature rise is a global problem. IPCC reports clearly say the increase in carbon emissions is driving average global temperatures up. Countries have prepared their Nationally Determined Contributions. India has achieved its climate targets, be it in the renewable energy sector or reducing carbon emissions,» Yadav said at the India Climate Summit. «Developed countries are required to provide finance and technological support to developing countries if we need equal growth in the world. Unfortunately, this could not happen but the New Collective Quantified Goal will be the central point of the COP29 in Baku. Countries historically responsible for maximum carbon emissions should come forward,» he said.
28.06 / 09:21
UPS
Action
Software
Porsche
show
Investigations
Pune police chief had proactive role in Porsche crash probe: Fadnavis
Pune police chief Amitesh Kumar had a proactive role in the investigation into the Porsche crash and there was nothing to suggest that action should be taken against him. Fadnavis made the assertions during a debate on the high-profile case raised through a calling attention notice. During the debate, Leader of Opposition Vijay Wadettiwar demanded the Pune police commissioner's resignation. Conceding that there are issues of "use of money to buy justice", Fadnavis said, «This should not be allowed. We have to see how laws can be strengthened further. The issue is serious but there is no need to defame Pune police. They have taken action in the case. Erring police officials have been punished.» He said Pune Police Commissioner Amitesh Kumar had a proactive role in the probe into the accident and nothing has come up to suggest that he should face action.
28.06 / 09:21
markets
Action
Election
community
reports
shock
"Sandeshkhali in every Bengal village..." BJP claims women worker stripped for supporting the party, NCW takes note
National Commission for Women on Friday took note of the alleged attack on a BJP woman worker in West Bengal and has demanded a detailed action report which is to be submitted to the Commission within three days. The Bhartiya Janata Party on Thursday alleged that a Muslim woman named Rosonara Khatun was stripped and beaten in West Bengal's Coochbehar for supporting their party. The incident took place at Ramthenga Market in the Mathabhanga Assembly of Coochbehar district, claimed BJP leader Amit Malviya.
28.06 / 07:13
markets
COST
Provident
Action
wellness
inclusion
Schools
Bond inclusion positive for banks; return of FII flows to benefit private banks: Pranav Gundlapalle, Sanford C Bernstein
Pranav Gundlapalle, Senior Research Analyst, Sanford C Bernstein, says expects private sector banks to outperform the public sector banks from now onwards, both in terms of the EPS growth numbers or even the fundamental metrics. What has not helped them from a stock price perspective has been the foreign outflows. So, with FII inflows potentially coming back, they would stand to benefit the most. What would the Indian bond inclusion in the JP Morgan Global Bond Index mean for the money market and the flows? How meaningful could it be for the interest rate environment in India?
28.06 / 04:35
Citi
Action
security
hospital
information
reports
Department
Delhi: Fire breaks out at factory in Okhla Phase 2
Delhi: A massive fire broke out in a factory located in the Okhla Phase 2 area in the national capital city in the early hours of Friday. Upon receiving the information and acting swiftly on the incident, the officials from the fire department, along with the fire tenders, immediately rushed to the spot. Meanwhile, efforts are underway to douse the fire, as firefighting is still underway on the spot.
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