Country Financial News

BJP president C P Joshi on Saturday said that the party's 'Parivartan Sankalp Yatra' has now become a people's yatra and the public is willing to vote out the Congress from power in the upcoming state assembly elections. Addressing a press conference at Udaipur, Joshi said people from every corner of the state are joining the yatra to extend support to the BJP and there is resentment among people against the ruling Congress government in the state. «Congress had assured farmers of complete loan waiver but the promise has not been fulfilled yet.

Olaf Scholz arrived at the G20 summit in the national capital wearing an eye patch. The latest look of the German chancellor was due to an injury that he had sustained while jogging last week in Potsdam. This morning, Prime Minister Narendra Modi warmly welcomed Scholz at the Bharat Mandapam venue ahead of the G20 Summit and also inquired about the reason behind the German Chancellor's eyepatch. Scholz had a few days ago posted a picture of himself on X which showed the patch along with and captioned it, «Am excited to see the memes.» «Thanks for the well wishes, it looks worse than it is! The 65-year-old German leader said in the post. The two-day G20 Leaders Summit is being hosted by India at the newly inaugurated Bharat Mandapam Convention Centre in Pragati Maidan, the national capital. This marks the first time that India is presiding over the G20 Summit, an organization formed in 1999 with the objective of ensuring global financial stability by including middle-income countries. India assumed the G20 presidency on December 1 last year and about 200 meetings related to G20 were organized in 60 cities across the country.

Narendra Modi on Saturday held a bilateral meeting with his Japanese counterpart Fumio Kishida on the first day of the two-day G20 Summit in New Delhi. In a post on X (formerly Twitter), Modi said, «Held productive talks with PM Kishida. We took stock of India-Japan bilateral ties and the ground covered during India's G20 Presidency and Japan's G7 Presidency.

Modi on Saturday announced that consensus has been achieved on New Delhi G20 Leaders' Summit Declaration on the the first day of the G20 Summit in New Delhi. «Due to the hard work of our teams and the cooperation of all of you, the New Delhi G20 Leaders' Summit Declaration has gained consensus. It's my proposal that we should adopt this Leaders' Declaration.

G20 Summit towards resolving the ongoing Russia-Ukraine conflict, said Vincent Magwenya, spokesperson for the South African president, in New Delhi on Saturday. Magwenya also highlighted strong commitments received by South Africa from developed nations regarding climate change efforts. Speaking at the sidelines of the G20 leaders summit at the capital, Magwenya said the wording of the New Delhi Leaders’ Declaration of G20 is still being worked on.

The world's most powerful countries remained divided on ways to address the Ukraine war as India began hosting the G20 Summit this week. A draft declaration circulated on Friday night left the segment blank, prompting India to circulate a new paragraph among delegates on Saturday. While Western nations push for strong condemnation of Russia, others have sought a focus on broader economic issues.

iPhones are set to garner 7 per cent market share in the Android-dominated smartphone market in India this year, latest data showed on Saturday, as the tech giant gears up to globally launch its flagship devices next week. Apple iPhone shipments grew 68 per cent (year-on-year) in the first half of this year in the country.

Chandrayaan-3 mission, a man from Bengal has made an extraordinary gesture by purchasing a piece of land on the Moon as a birthday gift for his wife. The story behind this celestial gift is as heartwarming as it is unique. The idea was born from Mahato and his wife's shared admiration for the Moon's beauty.

Rishi Sunak on Saturday said that the world is looking to G20 to provide leadership and that the leaders are meeting at a time of enormous challenges. Sunak, who is taking part in G20 Summit in New Delhi, expressed confidence that the leaders will be together able to address the challenges. «15 years ago, #G20 leaders came together for the first time to restore global growth after the financial crisis. We meet at a time of enormous challenges — the world is looking to the G20 once again to provide leadership.

G20 leaders including Japanese Prime Minister Fumio Kishida's wife, Yoko Kishida, on Saturday visited the 1,200-acre PUSA-Indian Agricultural Research Institute (IARI) campus here — the seat of India's Green Revolution — and saw the breakthroughs in Indian agriculture and enjoyed the farm-to-fork millet experience. UK Prime Minister Rishi Sunak's wife Akshata Murty and World Bank President Ajay Banga's wife Ritu Banga were among the delegation of first ladies and spouses of G20 leaders who visited the IARI campus here in the national capital.

We're talking about September 9, which is more famously now conceived as the 'World EV Day'. The global automotive space celebrates the growing momentum of the EV industry, highlighting the need for sustainable mobility, free of tailpipe emissions. The whispers of the segment have started to transition into choruses, yet, remain restrained by marked challenges. However, it's no secret that EVs in India, is a rapidly growing segment. Things actually started to pace up with the rollout of schemes such as the PLI (Production Linked Incentive) and the FAME (Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India) subsidies, which are aimed at making EVs affordable to the masses. The segment has started to shape up yet there are several factors posing as a roadblock in mass EV adoption such as a lack of charging infra, high upfront costs of EVs as compared to ICE vehicles, to state the obvious.

DMK leaders' remarks on Sanatan Dharma, senior BJP leader Mukhtar Abbas Naqvi on Saturday said that attacking the 'Sanatan Dharma' has become a «fashion» for the «frustrated fraternity» but their «bankruptcy will backfire».

Narendra Modi, who kicked off the two-day G20 leaders’ Summit here, describing India’s G20 presidency as a symbol of inclusiveness. At the opening session of the summit, AU Chair Azali Assoumani marked the Union's entry as a permanent member of G20, on Modi’s invitation. In his opening remark, Modi called for a collective approach to resolving the challenges facing the world today and emphasised on the need to restore mutual faith that has been lost due to war.

Modi seems to actually believe in "One Man, One Government, One Business Group". Issuing a statement, Congress general secretary Jairam Ramesh said as the 2023 G20 Summit begins in Delhi, it is worth recalling PM Modi's many exhortations at previous meetings of the grouping for the international community to crack down on corruption and money laundering.

Spain's women's league — have initiated a strike, protesting for what they deem a dignified minimum wage. This move comes on the heels of Spain's FIFA Women's World Cup winners vowing not to represent their country in their battle against sexism within the nation's soccer federation. The strike, which has disrupted the beginning of Liga F's second season, has gained momentum amid the turmoil caused by soccer federation president Luis Rubiales.

Nawaz Sharif is likely to return to Pakistan next month, according to a media report on Saturday. Quoting sources present at a meeting in London where Sharif, the supreme leader of the Pakistan Muslim League-Nawaz (PML-N), was speaking to his party workers, the Dawn newspaper reported that he «spoke about his return, but a clear date for travel has not been disclosed.» Sharif, 73, has been living in self-imposed exile in London since November 2019.

Bank of India (RBI) has mandated every bank in India to provide a facility for the exchange of soiled/mutilated/damaged currency notes in lieu of fresh notes. But there are various rules about determining the value of such notes and how the fresh notes are to be disbursed to the tenderer of such soiled notes. “All branches of banks in all parts of the country are mandated to provide the following customer services, more actively and vigorously to the members of the public so that there is no need for them to approach RBI Regional Offices for this purpose: (i) Issuing fresh/good quality notes and coins of all denominations, (ii) Exchanging soiled/mutilated / defective notes, and…..,” said the RBI in a Master Direction dated April 3, 2023, and updated on May 15, 2023.

Supreme Court is scheduled to hear on September 12 a batch of petitions challenging the constitutional validity of colonial-era provision of sedition under the Indian Penal Code (IPC).

regulatory framework for virtual digital assets (‘VDAs’). Under his leadership, India has embraced technology to an unprecedented degree and has been able to convince other nations in setting global standards for development of digital public infrastructure. It is thus no surprise that he recognises the transformative potential of Web3 technologies and has urged the global community to focus on adoption, democratization and developing a unified approach which benefits all. VDAs are a key element of Web3 technologies. They are fundamental to the functioning of public blockchains as they create incentives and disincentives for network participants to engage with the blockchain, productively and honestly. In order to facilitate the adoption and democratization of Web3 technologies, it is imperative to focus on VDAs. To achieve this objective of adoption, democratization and developing a unified approach for Web3, with its intrinsically global nature, there is an immediate need for countries to come together and build a common regulatory approach. This approach has to be guided by the following principlesStandard taxonomyAs a first step, it is imperative to map nuances of the VDA ecosystem, identify all players involved, and develop a common global taxonomy for it. This would help in eliminating confusion and streamline communication among regulators, industry participants, and investors, leading to a more coherent global policy environment. Currently, the vocabulary being used in various jurisdictions differ, creating confusion which may lead to regulatory disparities.

special dinner hosted by President Draupadi Murmu for G20 leaders on Saturday evening will witness a musical performance showcasing ancient classical instruments such 'Ravanahatha' and 'Rudra Veena' among others. The ceremonial dinner to be held tonight at the Bharat Mandapam venue of the G20 Leaders Summit in the national capital will celebrate the country's rich musical heritage — a mix of different styles of classical and contemporary music. The performance 'Bharat Vadya Darshanam' — Musical Journey of India — by the 'Gaandharva Aaradhyam' group will be showcased during the dinner hosted by President Murmu. The 18th G20 Leaders Summit has brought together leaders from the world's 20 major economies «The three-hour-long performance at the G20 special dinner during the special dinner will see ancient musical instruments like „Ravanahatha“ to „Rudra Veena,“ as well as the tabla and piano being played,» Minister of State Meenakashi Lekhi told ANI.

Vladimir Putin congratulated North Korean leader Kim Jong Un on Saturday on the 75 anniversary of the country's founding and called for stronger ties «on all fronts». «I am convinced that thanks to our joint efforts we will continue to strengthen… bilateral ties on all fronts», Putin said in a message to Kim as quoted by the Kremlin. «This fully corresponds to the interests of our people» and helps to ensure «the security and stability on the Korean peninsula and northeast Asia,» he said. Putin noted that the Soviet Union was the first country to recognise the North Korean regime and said that «since then relations between our two countries have always been based on the principles of friendship, good neighbourliness and mutual respect». «I sincerely wish you good health and success and I wish all North Korean citizens peace and prosperity,» Putin added.