Country Financial News

wind energy component and sub-component manufacturers will help scaling up installed manufacturing capacity in the country, said an industry expert.

New Delhi (India), August 31: As soon as you change your status to Non-Resident Indian (NRI), one of the following financial steps is to open an NRE/NRO account. While both serve your purpose, the NRE (Non-Resident External) account that allows you to maintain your foreign income in Indian rupees is fully repatriable and offers tax-exempt interest.

Reserve Bank of India wants the fledgling fintech sector to build its own self-regulatory organisation. The industry should form an SRO and the regulator is open to engaging with such an organisation, RBI Governor Shaktikanta Das said at the Global Fintech Festival 2023 today. Addressing the same event on Tuesday, RBI Deputy Governor T Rabi Sankar had highlighted the need for self-regulation as well.

Digital payment transactions in India is more than the other four leading countries combined. In digital payments, India has been witnessing new milestones, in both value and volume terms, which indicate the robustness of India's payment ecosystem and acceptance, as per RBI experts.

The proposed Thai Canal, often referred to as the Kra Canal, has been a subject of considerable discussion and analysis due to its potential impact on global trade routes. If realized, this canal would offer an alternative to the Straits of Malacca, a critical maritime passageway that currently serves as a conduit for a significant portion of global trade. China, which heavily relies on the Malacca Straits for its maritime trade, has shown considerable interest in the project.

D K Shivakumar on Wednesday said changing the name of the country from 'India' to 'Bharat' will not serve any purpose unless it benefits people. Amid the India-Bharat naming row, he took a swipe at the BJP-led government at the Centre questioning them as to which of their promises were fulfilled. «Changing the country, and not changing the name, is important.

Narendra Modi on Wednesday spelt out a set of dos and don'ts to be observed by ministers during the two-day event to ensure that the visiting dignitaries are not put to any inconvenience, sources said to news agency PTI. The ministers have been asked to ditch their official vehicles and use the shuttle service to reach the Bharat Mandapam and other venues of various meetings.

Office for National Statistics (ONS) showed that Indians were the top nationality for cross-sector skilled work in UK. According to the latest statistics, skilled worker visas granted to Indians rose 63 per cent, from 13,390 in 2021-22 to 21,837 in 2022-23. “Indian nationals were the top nationality for visas in the ‘Worker’ category, representing one third (33 per cent) of grants, and were by far the top nationality for both the ‘Skilled Worker’ and ‘Skilled Worker — Health and Care’ visas,” the Home Office analysis noted. The statistics also showed that skilled worker visas granted to Indians rose 63 per cent, from 13,390 in 2021-22 to 21,837 in 2022-23. In the healthcare visa category, Indians registered an even higher 105 per cent hike from 14,485 to 29,726.Indians are eligible for UK work visa if: 1) Migrating with a job offer

Atishi on Wednesday announced that all schools, colleges and offices will remain closed across the city from September 8-10 in view of the G20 Leaders Summit over the weekend. The AAP leader also said that Delhi is ready to welcome the delegates. The G20 summit is being held in New Delhi from September 9-10. Adressing a press conference along with Health Minister Saurabh Bharadwaj, Atishi said, «In view of the G20 summit, all schools, colleges and offices will remain closed across Delhi from September 8 to September 10...»Read more: G20 Summit 2023 LIVE Updates: India is the right country to hold the G20 Presidency, says UK PM Rishi Sunak

Alliance (I.N.D.I.A). That was the first instance when Prime Minister Narendra Modi compared it to East India Company, Indian Mujahideen and Popular Front of India (PFI), saying they all have ‘India’ in their names. “East India Company, PFI, Indian Mujahideen also using ‘India’ in their names.

Israel’s Police National Cyber Crime Unit reportedly conducted a massive investigation into a local company, uncovering a crypto scam where hackers stole millions using malicious software.

The Middle East is home to some of the world’s largest sovereign wealth funds. Overseeing close to $3 trillion of assets, these investing giants have become key players in global dealmaking. 

Texas, United States & Bengaluru, Karnataka, India – Business Wire India Capillary Technologies, a global leader in loyalty technology solutions, is pleased to announce the promotion of Melody Mitchem to the position of Global Head of Human Resources. Melody's appointment comes as a result of her exceptional contributions to the company since her arrival through Capillary’s acquisition of Brierley.In her short time at Capillary, Melody has demonstrated remarkable leadership and strategic prowess.

Premier Li Qiang will be representing China during the G20 meet set to be held between 9-10 September in national capital Delhi. Further, Russia's President Vladimir Putin has also decided to skip the G20 Summit meet in Delhi.

Donald Trump's economic agenda for if and when he returns to power to govern the United States after the 2024 US presidential Polls, includes levying harsher trade and tax policies on countries like India and Brazil, if the latter was found imposing higher tariffs on American Goods. The ex-president, Donald Trump, intends to center his economic plans on extending and deepening the Republican tax cuts from 2017, rolling back regulations put forth by President Joe Biden and enacting additional tariffs, according to three people familiar with the discussion.

G20 summit. The G20 presidency note by India underlines some concerns and calls for a common global road map for minimum policy standards for VDAs. Therefore, it is important to understand how other countries have addressed VDAs.

Canada rarely makes the global news. When it does, it is often in reference to the exploits of Canadian entertainers — Justin Bieber, Céline Dion and Drake. For a country of about 40 million people, roughly the population of California, that is not a bad return on celebrity icons. But while the country may exceed expectations in the pop and rap arena, it underwhelms on the international economic stage, relative to its vast potential.

Congress leader Rahul Gandhi will hold extensive interactions with EU parliamentarians, students and the Indian diaspora during his almost week-long visit to Europe, which began on Tuesday. Sources said Gandhi will meet and hold consultations with EU MPs on September 7 in Brussels, the first of his interactions during his visit.

Meta Platforms can be fined for breaching users' privacy, a Norwegian court ruled on Wednesday, stopping an attempt by the owner of Facebook and Instagram to halt a fine imposed by the Nordic country's data regulator. Meta has been fined one million crowns ($93,200) per day since Aug. 14 for harvesting user data and using it to target advertising at them.

Congress leader Shashi Tharoor on Wednesday took a swipe at the government over the India-Bharat naming row, saying the opposition bloc could call itself the «Alliance for Betterment, Harmony And Responsible Advancement for Tomorrow (BHARAT)» and then perhaps the ruling party might stop the «fatuous game of changing names». His remarks came after invitations for a G20 dinner sent out by President Droupadi Murmu, describing her position as 'President of Bharat' instead of the customary 'President of India', triggered a massive furore on Tuesday with the opposition alleging that the Modi government is planning to drop India and stay with just Bharat as the country's name. In a post on X, Tharoor said, «We could of course call ourselves the Alliance for Betterment, Harmony And Responsible Advancement for Tomorrow (BHARAT). Then perhaps the ruling party might stop this fatuous game of changing names.» The Congress is a constituent of the opposition Indian National Developmental Inclusive Alliance (INDIA). On Tuesday, Congress general secretary Jairam Ramesh had on X said, «Mr.

Krishna and other deities, in anticipation of Janmashtami. As per a TOI report, business owners in the region have reported a surge in demand this year, with bulk orders pouring in from over 40 countries, including the US, Australia, New Zealand, the UAE, and several European nations. Some projections suggest that Janmashtami sales could exceed a staggering Rs 200 crore. Anil Agarwal, hailing from a family with a rich history in apparel manufacturing, told TOI, «In the run-up to the festival, we've shipped costumes worth crores to overseas destinations and various states across India.