Action Financial News

A union representing Germany’s train drivers began a 24-hour strike Thursday night, causing widespread rail cancellations and travel disruptions across the country

Congress leader Mahua Moitra was on Friday expelled from the Lok Sabha on the recommendation of Ethics Committee report in the 'cash for query' that was tabled in the Lower House today. The Ethics Committee report probing 'Unethical Conduct' of the Trinamool Congress (TMC) MP had recommended that Moitra «may be expelled» from the Lok Sabha and called for an «intense, legal, institutional inquiry» by the central government in a «time-bound manner». «The serious misdemeanours on the part of Mahua Moitra calls for severe punishment. The Committee, therefore, recommend that Mahua Moitra, MP may be expelled from the Membership of the Seventeenth Lok Sabha,» the report stated. What's the road ahead for Mahua Moitra: As per legal experts, Mahua can challenge her expulsion in the court of law, citing that " there was no evidence of cash or gift given to her." Minutes after her expulsion as a Lok Sabha member, Moitra said she has been found guilty of breaching a code of ethics that does not exist and that there was no evidence of cash or gift given to her. Is there any precedence similar to Mahua Moitra's case: In December 2005, the Lok Sabha had expelled 10 members and a Rajya Sabha member from Parliament in a cash-for-query scam. In 2005, a sting operation conducted by online news site Cobrapost and aired on a private TV channel brought to light a cash-for-query scam.

By Lisa Baertlein

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

As we move towards the end of 2023, milestones are achieved, and trends shift at a remarkable pace. The recent rally in the Shiba Inu (SHIB) coin is a testament to the dynamic nature of this space.

By Huw Jones

RBI has been holding rates since February. Here 11 mutual fund managers explain the policy for investors. Mahendra Jajoo, CIO Fixed Income, Mirae Asset MF In line with market consensus, MPC conveyed a balanced approach with keeping key policy rates as well as stance unchanged considering ebbing inflationary pressures globally but still emphasising on the need for policy to be actively disinflationary. The pleasant surprise was a significant revision upwards in FY24 growth projections by 50 bps to 7%. Inflation projection for FY 24 remains unchanged at 5.4% but that for Q2FY25 is projected at 4%. Market will feel somewhat relieved on the suggestion that with liquidity turning in deficit on its own accord, OMO operations may not be needed in the immediate term.

Tamil Nadu Chief Minister MK Stalin will be donating one-month's salary to the Chief Minister's Public Relief Fund to help Tamil Nadu's recovery from Cyclone Michaung havoc. The Chief Minister has also called on all MPs and MLAs to do the same.

Australian Open warm-up event in Brisbane next month. Eleven months have passed since the Spaniard's defeat at Melbourne Park in the second round by American MacKenzie McDonald. Due to his hip ailment, he required surgery twice and, while out of action, dropped to 664th place in the world rankings.

RBI) kept the repo rate unchanged at 6.5 percent as expected and raised the FY24 GDP forecast to 7 percent from 6.5 percent earlier. However, it retained the FY24 CPI inflation forecast at 5.4 percent. The Monetary Policy Committee (MPC) of the central bank also retained its stance of remaining focused on “withdrawal of accommodation." Seconds before the announcement of the RBI’s policy actions, the Nifty 50 scaled the 21,000-mark for the first time.

Bank of India (RBI) kept the repo rate unchanged at 6.5 per cent and maintained the policy stance of 'withdrawal of accommodation' on Friday, December 8. The standing deposit facility (SDF) rate remains at 6.25 per cent and the marginal standing facility (MSF) rate and the bank rate at 6.75 per cent. Besides, the RBI raised its real GDP growth projection for FY24 to 7 per cent from 6.5 per cent earlier with Q3 GDP at 6.5 per cent (against the estimates of 6 per cent earlier) and Q4 GDP at 6 per cent (against the estimates of 5.7 per cent earlier).

Atletico Madrid, a top-tier Spanish football team, is apparently getting ready to file a lawsuit against WhaleFin, a cryptocurrency exchange located in Singapore, for failing to pay sponsorship money of forty million euros, which is equivalent to forty-four million dollars. Prior to the 2022–2023 season, the club had reached an agreement with WhaleFin covering a period of five years. WhaleFin was going to be one of the primary sponsors of the club, and it was going to be installed. However, Atletico Madrid asserts that WhaleFin violated the terms of the contract by failing to make the payments that were agreed upon when the deal was signed. As a consequence of this, the club is requesting a compensation amount of twenty million euros, which is twenty-two million dollars.

The recent events surrounding Atomicals Market (AM) have been a significant concern for the Atomicals community, especially following a severe security breach in two of its trading markets. This breach led to hacker attacks and considerable losses for users, stirring up discussions and demands for action within the community. Shep.eth, an early participant and active community member, took the initiative to address these issues directly with the AM team.

RBI) Monetary Policy Committee (MPC) projects CPI inflation at 5.4 percent in 2023-24 (FY24), unchanged from earlier. For Q3FY24 (September-December), the projection has been slightly lowered to 5.4 percent from 5.6 percent. The forecast for Q4FY24 (January - March) remains unchanged at 5.2 percent.

carbon-neutral port operations and be Net Zero for APSEZ by 2040. Our climate-friendly transformation includes electrifying all cranes, switching all diesel-based Internal Transfer Vehicles to battery-based ITVs, and installing an additional 1000 MW of captive renewable capacity," the X post read. Gautam Adani also said his conglomerate is pledging mangrove plantations in about 5,000 hectares by the financial year 2024-25.

Canada's Immigration Minister, Marc Miller, announced a substantial increase in the financial criteria for international students applying for study permits, emphasising the government's commitment to safeguarding the integrity of the education system, CBC reported. Miller also issued a stern warning, threatening to «significantly limit visas» if provinces and educational institutions fail to take appropriate actions before the upcoming fall term. Do you meet the immigration criteria? Check here The decision also extends the temporary lift on the 20-hour work limit for international students, now extended until April 30, 2024. Miller outlined the government's concerns about potential abuse in the system, targeting both questionable employers and institutions that may not be providing a genuine educational experience, according to Canadian public broadcaster CBC. During a news conference, Miller expressed concerns about certain educational institutions operating as «puppy mills» and emphasised the need to address fraud and abuse within the system. He said, «There are, in provinces, the diploma equivalent of puppy mills that are just churning out diplomas, and this is not a legitimate student experience.» The increased financial requirement for prospective students will be raised to USD 20,635, doubling the longstanding USD 10,000 threshold.

The Reserve Bank of India left the inflation aim unchanged at 5.4%. In the August policy, the RBI had raised its FY24 inflation forecast to 5.4% from 5.1%. The Reserve Bank of India's (RBI) Monetary Policy Committee unanimously decided to keep the repo rate- key lending rate- unchanged at 6.5% for the fifth time in a row.

yPredict.ai emerges as a beacon of clarity, offering a suite of analytical tools and platforms crafted by a coalition of AI/ML (artificial Intelligence and machine learning) specialists, financial quants, and seasoned traders. This innovative ecosystem is designed to cut through the cacophony of market noise, providing data-driven insights that leverage advanced financial prediction methods.

The Reserve Bank of India (RBI) commenced its three-day Monetary Policy Committee (MPC) meeting on December 6, 2023. The committee’s verdict on the crucial policy rates is eagerly awaited and is scheduled to be disclosed on December 8, 2023.

Starbucks faces $11 billion value loss due to poor sales, boycotts Teamsters Union warned they will do a strike if UPS doesn't take action. "If UPS doesn't get its act together, they'll be on strike next. Our union will not hesitate to act, and we will not back down," said O'Brien.

Narendra Modi and said that he cannot be intimidated or forced to take any decisions that are contrary to India's interests. While speaking at the 14th VTB Investment forum Russia Calling, he also spoke of PM Modi's tough posturing and stance when it comes to defending the national interests. "I cannot imagine that Modi could be intimidated, or forced to take any actions, steps and decisions that are contrary to the national interests of India and the Indian people.