Country Financial News

The Dawn newspaper reported that this information was part of a detailed policy statement issued by caretaker Finance Minister Shamshad Akhtar before the Senate Standing Committee on Finance and Revenue, presided over by Senator Saleem Mandviwalla in Islamabad on Thursday. She said the government was currently working on an economic revival plan that would be presented to the caretaker prime minister Anwar ul Haq Kakar soon and shared with the Senate Standing Committee on Finance.

This is part of the people-to-people initiative, announced by Prime Minister Narendra Modi and President Joe Biden at the White House in June this year. “Our partnership with India is one of the United States’ most important bilateral relationships, and in fact one of the most important relationships in the world. The ties between our people are stronger than ever, and we will continue our record-setting volume of visa work in the coming months to give as many Indian applicants as possible the opportunity to travel to the United States and experience the U.S.-India friendship firsthand,” US Ambassador to India Eric Garcetti said. As noted in the Joint Statement issued by Prime Minister Modi and President Biden during the President’s recent visit to India, the United States and India share a “close and enduring” partnership. Improved visa processing is only one example of the U.S. Mission to India’s ongoing commitment to strengthening that partnership. The much-sought-after H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.

an article that raised concerns about the risk management practices in the peer-to-peer (P2P) lending space in India. This is why I am compelled to remove all doubts about the robustness of the P2P lending space in India. Here are the reasons that makes the Indian P2P lending space unique and relatively safe for investors.

Pension is the amount of money saved through various means by an employee to live comfortably after retirement. Several companies that provide financial services do have pension schemes. Nonetheless, the government also offers many pension schemes.

best PayPal online casinos for US players, this is the guide for you! PayPal's status as a top digital payment method means that players in the country are not short of iGaming sites which accept this payment processor. Not every type of site like this is created equal though, and this makes it essential to focus on the very best to register with. Our casino reviews below show those which offer the best advantages for US gamers who want to game via PayPal.

Ajay Bagga, market expert, says “PSU banks are still looking quite good. Talking about valuations, I would say India is quite moderately valued. The problem is the global macro. These higher for longer riskoff is affecting us. We have seen about six-seven weeks of FII outflows on a net basis. So that is a problem. It is a constraint on our market's ability to rise fast. But the domestic funds that are coming in, are providing a good support and those should win through.” Are you optimistic about the October series looking at the moving pieces? We are waiting for a couple of events to pass through. One is, of course, the looming US shutdown. Historically, it has not had much of an impact but the reports are that this could last for anything like a couple of weeks to four weeks. In 2018-2019, it went on for six weeks and it had a minor impact on the GDP. So let us get that through, especially given Monday is a holiday in India, we can wait that out. The other two concerns are: a)Chinese property loans that are standing at about 60 trillion Yuan. It is not a new problem, it is a three years old problem but the Chinese government has not been able to resolve it and now the position is that even quality real estate developers like Country Garden are facing a lot of issues of liquidity. So eventually the rescue package will come from the Chinese government which will be a trigger for the markets so you can position for that.

exports received a much-need boost on account of free trade agreements (FTAs) with UAE and Australia with shipments to both nations surging 9% in April-August period of the financial year 2023-24 even as overall engineering exports slipped during the period under review. Engineering exports to UAE in April-August period of FY24 increased 9% year-on-year to $2.24 billion. In the same period, engineering exports to Australia also jumped 9% year-on-year and stood at $596.14 million as compared to $548.62 in April-August period of FY23. Overall engineering exports in April-August period of 2023-24 dropped 4.55% to $44.62 billion as against $46.74 billion in April-August period of 2022-23. Notably, engineering exports to Russia surged 178% year-on-year to $568.41 million in April-August period of FY24.

Palak Gulia and Esha Singh powered to a gold-silver finish in 10m air pistol event for India at the Hangzhou Asian Games on Friday. 17-year-old Palak shot 242.1 in the finals for an Asian Games record to swell the country's tally in the sport to 17 — six of them gold.

Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City. This is also the first wide body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC).

Nirav Sheth, CEO-Institutional Equities, Emkay Global Financial Services, says “if we have a $4 trillion economy now, our ability to absorb shocks in the present macroeconomic parameters is better. If the stocks do not react when the oil is at $95, maybe they react when it is $110. There are other limiting factors as well. Increasing oil prices also tend to act as higher interest rates and a sort of tax on the consumers. This has happened all the time. You will never ever have everything falling in line all the time, it does not happen.” Do you think that this time the market will oblige with the much anticipated and expected correction of a meaningful nature? We need to define what is meaningful. If you are looking at a drawback of which is more than 10% or something thereabouts, it’s unlikely. Do you have normal corrections along the way which are very difficult to predict? Can it happen? Of course, the trigger most likely could be obviously around the surge in Brent oil prices and that has implications and more so for India. The key question is are you positioning yourself to buy into the corrections? Is it a buy-on-dip story or a sell-on-rise story? There the conviction is fairly clear. You do not want to miss the wood for the trees. When you look at the next several years, this is a long journey. There is no point in trying to pre-empt 2%, 3%, 4%, 5% corrections and getting obsessed with it.

In a country, where cardiovascular diseases have turned into a silent epidemic of sorts, and account for at least 27 per cent of deaths, the matter of taking utmost care of heart health is more important than ever. Every year, World Heart Day is observed on September 29. On this day, several healthcare providers work along with government and international organisations to promote awareness about various types of cardiovascular diseases, as well as the myriad lifestyle habits and poor diets that contribute to the deterioration of heart health.

Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Meanwhile, India fell short of inclusion in FTSE Russell's emerging market government bond index. However, the global index provider kept India on a watch list.

National Post. Highlighting India's growing global influence, Trudeau emphasized the "extreme importance" of Canada and its allies maintaining active engagement with India.

equity offerings have more than quadrupled in value this year, with investors encouraged by a surge in the Nikkei stock index to a 33-year high and signs that Japanese firms have begun to manage their capital more efficiently. A tough 2022 for equity capital markets globally resulted in a backlog of fundraising deals. Japan has also benefitted from far lower interest rates than other countries, billionaire Warren Buffett's lifting of stakes in Japanese firms and a re-allocation of funds away from China amid tensions between Beijing and Washington. Proceeds from initial public offerings and secondary share and convertible bond issues soared 343% to $23.7 billion in the first nine months of the year, LSEG data showed.

Toby Keith, the legendary country star, made an appearance at the inaugural People's Choice Country Awards, where he not only walked the red carpet but also received the prestigious Country Icon Award. On September 28, Toby Keith, 62, stepped onto the red carpet at the Grand Ole Opry in Nashville alongside his wife, Tricia Lucus. The country icon exuded charm in a stylish black suit paired with a crisp white button-up shirt and his signature cowboy hat.

Multi Commodity Exchange of India (MCX) on Friday said the country's markets regulator has asked the company to put on hold the proposed go-live of its new commodity derivatives platform planned for next week.

Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday. Brent November futures which expire on Friday were down 21 cents to $95.17 per barrel. Brent December futures lost 10 cents to trade at $93.00 per barrel at 0055 GMT. U.S.

Trudeau said that Canada is still committed to building closer ties with India, despite «credible allegations» of the Indian government's involvement in the killing of Khalistterrorist Hardeep Singh Nijjar, Canada-based National Post reported. Pointing to the increasing influence of India worldwide, Trudeau said that it is «extremely important» that Canada and its allies continue to engage with India. Speaking at a press conference in Montreal on Thursday, Trudeau said that he thinks it is «extremely important» that Canada and its allies continue to engage «constructively and seriously» with India given its growing importance on the world stage. «India is a growing economic power and important geopolitical player. And as we presented with our Indo-Pacific strategy, just last year, we're very serious about building closer ties with India,» he told reporters. «At the same time, obviously, as a rule of law country, we need to emphasize that India needs to work with Canada to ensure that we get the full facts of this matter,» National Post quoted Trudeau as saying. Trudeau said he got assurances from the US that Secretary of State Antony Blinken would be raising the allegations made publicly about India's role in Nijjar's murder during a meeting with his Indian counterpart S Jaishankar in Washington DC on Thursday. «The Americans have been with us in speaking to the Indian government about how important it is that they be involved in following up on the credible allegations that agents of the Indian government killed a Canadian citizen on Canadian soil,» National Post quoted Trudeau as saying. «This is something that all democratic countries, all countries that respect the rule of law need to take seriously.

India and the US agreed to continue their cooperation in the areas of defence, space and clean energy as External Affairs Minister S Jaishankar met Secretary of State Antony Blinken here, amid a simmering diplomatic row between India and Canada over the killing of a Khalistani separatist. Jaishankar is currently on a five-day official trip to Washington DC. This is the highest-level interaction between the two countries after the recent G-20 Summit in New Delhi.

FTSE Russell kept India on a watch list for inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI), the index provider said on Friday. «Areas for improvement in the Indian government bond market structure highlighted by international investors remain largely unchanged from the previous March 2023 review,» FTSE said in its annual country classification review. The move comes a week after JPMorgan announced India will be a part of its influential GBI-EM index suite starting in June.

Here's everything you need to know about the 2023 People's Choice Country Awards.