Country Financial News

relief package for the rain and landslide-affected families. The package was announced by Chief Minister Sukhvinder Singh Sukhu on September 30. This special package has been granted for the period June 24-September 30 when the state was ravaged by rain and landslides.

VIP status should avoid visiting Ayodhya on the day of consecration of the Ram temple on January 22, likely to be attended by Prime Minister Narendra Modi, as the authorities would be busy in the mega event, the temple trust said on Wednesday. Shri Ram Ramjanmbhoomi Teerth Kshetra Trust secretary Champat Rai said those enjoying protocols, including chief ministers, governors and ambassadors, should not plan any visit to the temple town on the day so that no one faces any kind of inconvenience during the ceremony. A large number of people are expected to attend the consecration ceremony of the grand Ram temple.

military cemetery of Jerusalem, mourners streamed in for the funerals of young Israeli soldiers, with only the stifled cries of anguish piercing the steely silence. Mount Herzl cemetery, named after the founder of political Zionism, has in the past few years seen more remembrance ceremonies than funerals. But mounds of ochre earth now mark freshly dug graves as Israel buries its soldiers fallen in the battle against Hamas militants whose shock assault unleashed Saturday has claimed 1,200 lives in the country. Most of the victims are civilians, but at least 169 Israeli troops have been killed in the battles to repel Hamas fighters. Eleven of them were laid to rest at the cemetery in the night to Wednesday. A few steps from the tomb of former prime minister Yitzhak Rabin, the brothers in arms of 20-year-old Noam Elimelekh Rottenberg lowered the coffin draped with Israel's blue-and-white flag into the grave. «Noam, this war will be the last.

Also Read: Oil snaps Israel-Hamas conflict-induced rally, slides over $1 on demand concerns; Brent eases to $86/bbl Novak said he and Prince Abdulaziz discussed the oil market and cooperation within the Organisation of Petroleum Exporting Countries and its allies (OPEC+). "Of course, (cooperation within OPEC+) was (considered) at our internal meeting, one of the most important topics that we discussed today," Novak said, according to Interfax news agency.

X Corp (formerly Twitter) banned a record 5,57,764 accounts in India between August 26 and September 25, mostly for promoting child sexual exploitation and non-consensual nudity. The micro-blogging platform, going through a churning under Musk who has recently appointed a new X CEO Linda Yaccarino, also took down 1,675 accounts for promoting terrorism on its platform in the country.

Mutahida Majlis-e -Ulema patron Mirwaiz Umar Farooq on Wednesday expressed great anguish and grief at the loss of lives during the ongoing escalation in the Palestine-Israel conflict lamenting that the international community and the United Nation have failed the people of Palestine. The Hurriyat leader stated that ‘people of Kashmir stand united in unwavering solidarity with the people of Palestine as they share a deep hope for the resolution of the conflict' and an end to the profound human sufferings it has caused.

Iran on Tuesday claimed that it played no role in the attack launched by Hamas last Saturday that took Israelis by surprise but there is no denying the fact that Tehran over the years has increased its support and appeal across the Arab world that is dominated by people who profess Sunni sect of Islam. The world's biggest non-Sunni country has become a key factor in the West Asian fault lines creating its proxy groups in Lebanon and Yemen and backing Hamas to take on Israel over the last few decades. It is no secret that Tehran has exploited sentiments and presence of the Shia population in some Gulf states. While the USA and Israel have not yet directly blamed Iran for the October 7 carnage, Tehran came out openly in support of Hamas for carrying out the attacks against Israel.

Benjamin Netanyahu announced Wednesday an «emergency government» with an opposition party leader, Benny Gantz, for the duration of the war with Gaza militants. «Following a meeting… held today, the two agreed on establishing an emergency government and war cabinet,» said a joint statement by the premier and Gantz, a former defence minister and army chief. The three-member «war cabinet» would include Netanyahu, Gantz and Defence Minister Yoav Gallant. Gadi Eisenkot, also a former army chief from Gantz's party, and Strategic Affairs Minister Ron Dermer will serve as observers, according to the statement. Opposition leader Yair Lapid has not joined his former ally Gantz, but the statement said a seat would be «reserved» for him in the war cabinet. Netanyahu's extreme-right and ultra-Orthodox Jewish allies would remain in government. The premier has agreed to freeze the hardline government's divisive judicial overhaul, which had triggered mass street protests — the biggest in the country's history. «During the war, no bills or government-sponsored motions that are unrelated to the war would be advanced,» the statement said. Gantz last served in a Netanyahu administration in 2020-2021 under a rotation agreement that was meant to see him take the helm for the second half of the government's tenure, but early elections had been called before he was to become prime minister.

World Bank's new president, Ajay Banga, said Wednesday that the global lender must become «better» and «bigger» to boost its capacity to help developing countries battle climate change, poverty and pandemics. Banga, who was appointed in June, made his plea at the annual meetings of the IMF and World Bank in the southern Moroccan city of Marrakesh where reform of the Washington-based institutions is a major agenda item. The former CEO of Mastercard has previously vowed to «fix the plumbing» at the bank, saying it was «dysfunctional» despite a dedicated staff. Banga said at a press conference on Wednesday that a «deep cultural change» is needed at an «institution that has a proud history and done an amazing job over the last 78 years.» He noted that countries have to deal with various departments and that it can take 27 months between the time a project is discussed and is finally approved. «The idea of a better bank is a bank that works better with itself, is more efficient in its own processes,» Banga said. The Indian-born, naturalised US citizen has vowed to made climate change a top priority after he took over from David Malpass, a former US Treasury official who stepped down early from his five-year term amid questions about his stance on the issue. Banga wants to redefine the vision of the bank towards «eradicating poverty on a liveable planet». He said poverty, pandemics and climate change were «almost like a perfect storm» that can no longer be treated separately. Oscar Soria, campaign director for the non-profit Avaaz, said the IMF and World Bank are not moving fast enough. «While changes are promised, they are too incremental, timid and slow,» Soria told AFP, adding that countries hit by several crises

AXA Life Insurance Co, the Indian conglomerate said on Wednesday, taking full control of a venture that was jointly run for nearly two decades. It was not immediately clear if the deal marks the French insurer's exit from the South Asian country. Meanwhile, Bharti said it was in talks with other investors to scale up the business by partnering or combining with their entities. Bharti and AXA did not immediately respond to Reuters' requests for additional information on the deal nor did they disclose the financial details.

Joly held a «secret meeting» with her Indian counterpart S Jaishankar in Washington last month, a media report has said, amid a diplomatic row between the two countries over the killing of a Sikh separatist leader in June. The report by the Financial Times on Tuesday came even as Canada is yet to comply with India's communication to Ottawa to withdraw over three dozen of its 62 diplomats in the country. The Ministry of External Affairs declined to comment when asked about the reported meeting.

Canada is set to welcome 11,000 migrants from Colombia, Haiti and Venezuela this fall, immigration minister Marc Miller said.

Coal minister Pralhad Joshi on Wednesday said a financial outlay will be announced soon to further strengthen sustainable mining in the country with a focus on green coal technology. Clean coal technologies have been developed and deployed to reduce the environmental impact of coal utilisation, he said while addressing the valedictory session of National Workshop on 'Global Experience Sharing on Just Transition'.

This portion has five stations—Sahibabad, Ghaziabad, Guldhar, Duhai and Duhai Depot. Work at all these stations had completed in June this year and they are ready for operations. “In another six months from now, 25 kms more will be added to the RAPIDX network.

BJP and the Congress in Madhya Pradesh traded barbs on Wednesday after the governing party said that its rival was responsible for India's partition and it was now trying to create a divide among Hindus by raising the issue of caste survey. In its counter, the Congress sought to know if the BJP considers OBCs (Other Backward Classes) as Hindus. The Congress has welcomed the Bihar government's exercise to collect data on castes in the state and urged the Centre to carry out a similar exercise at the national level.

Speaking on the association Harshvardhan Lunia, Founder and CEO, Lendingkart, said, “In India, cricket cuts boundaries! We are very excited to be a part of the Cricket World Cup Broadcast on Disney+ Hotstar. Our upcoming brand campaign aims to spotlight the brand's pivotal role in alleviating the financial challenges faced by small businesses across India. The campaign's creative concept illustrates small businesses getting caught in a loop-like struggle caused by bottlenecks in the conventional financing system. Lendingkart's swift, hassle-free, technology-driven solutions are the catalyst that will help MSMEs flourish. The exposure associated with Men's Cricket World Cup will help to deliver the message that small businesses no longer need to be stuck in a loop because of financial challenges and ultimately establish Lendingkart as the MSME Finance Specialist." The sponsorship will be supplemented by on-air ads featuring their brand ambassador Rajkummar Rao who is seen solving the problems of MSMEs in a set of 3 fun-filled films.https://youtu.be/6BseeyqByQchttps://youtu.be/BirRVvWzsBghttps://youtu.be/Rjs1uwCW6jo Since its inception, Lendingkart Group has evaluated millions of applications, disbursing over 2,50,000 loans worth over 15,000 crores in more than 4000+ cities and towns across all states and union territories of India, reaching over 14,500 pin codes, making it the fintech having the largest geographical footprint in the country. The Men’s ODI World Cup kicked off on the 5th of October with the final to be played in Ahmedabad on the 19th of November, all 48 matches will be available for streaming on Disney+Hotstar platform.

₹98,374 in 2022-23. This is equivalent to around $1,183. The economy is on the path to hit the $5 trillion mark in 2027, aided by financial sector development and strong demographic advantage, Reserve Bank of India (RBI) Deputy Governor Michael D Patra said last month.

Israel but he was not aware of any Indian national getting injured or killed in the ongoing fighting between Israeli forces and Hamas militants, Israel's Consul General in Mumbai Kobbi Shoshani has said. Airline operations from India to Israel have been stopped and the Ministry of External Affairs is working to bring back the Indians stranded in his country, he told PTI on Tuesday.

₹16,000 cr mark in FY 2022-23. The Defence Ministry said last month that India had managed to successfully expand its exports with sale of major defence systems including the BrahMos supersonic cruise missiles, Akash air defence systems and artillery guns to a friendly country.

BJP will retain power in Madhya Pradesh and also win assembly polls in four other states with huge majority on the back of good governance, inclusive empowerment and robust national security, former Union minister Mukhtar Abbas Naqvi said on Wednesday. Chhattisgarh, Madhya Pradesh, Rajasthan, Telangana and Mizoram will go to polls between November 7 and 30, and the counting of votes will be on December 3, as per the Election Commission. «The BJP will get a thumping majority in Madhya Pradesh and all other states due to its report card of good governance, inclusive empowerment, and national security,» a release quoting Naqvi said.

Hardeep Singh Puri has said. As the world transitions to renewable energy, the demand for critical minerals has risen, with debates raging around the control of supply chains. China has emerged as the dominant force with immense control over the global value chain, primarily due to the large processing capacity of minerals it has developed over the years. “I wouldn't worry too much about these things. You're often told…it can't be done because country X has already bought the next 20 years, 30 years of stock. It doesn't work like that,” Puri said at an industry event in response to a query on his thinking over supply chain dominance by some countries.