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Currently trades in India are settled in «T+1» or one day after the trades are initiated. Instant settlement would ensure trades are settled immediately. For foreign investors, the instant trade settlement would be optional and not mandatory, the source said. To start, the regulator would implement settlement within one hour of the trade, with instant settlement coming some months later. «By March 2024 we hope to first move towards one hour settlement cycle, since exchanges and clearing corporations say they need more time to work on the systems for instant settlement,» the source said. India is the second country after China which operates on a short settlement cycle of one day.

PDP chief Mehbooba Mufti on Tuesday said the BJP was using its majority in Parliament to treat the entire country as its "fiefdom". «BJPs aversion to India's foundational principle of unity in diversity has touched a new low.

ALSO READ: From India to ‘Bharat’? Govt likely to bring a proposal to change country's name in Parliament special session He wrote, "So the news is indeed true. Rashtrapati Bhawan has sent out an invite for a G20 dinner on Sept 9th in the name of 'President of Bharat' instead of the usual 'President of India'". He alleged, "Now, Article 1 of the Constitution can read: ‘Bharat, that was India, shall be a Union of States.

emerging market story. It grew at an average annual pace of 6.6% in the decade to 2019-20. In 2022-23, with a growth rate of 7.2%, India outperformed most other major economies.

airport to travel abroad. Recently, the High Court of Punjab and Haryana stepped in and directed that these basic requirements should be read into the OM. However, the Supreme Court stayed the decision of the High Court, and it remains to be seen how the Supreme Court deals with this issue.

Ranveer Singh to engage and deliver elevated experiences for millions of gamers across the country. With this collaboration, Krafton will launch the Play Pure campaign that aims to celebrate the pure-ness in players through the lens of superstar Ranveer Singh, says the company. As a part of the campaign, BGMI players will be urged to be bold and celebrate their authenticity in the Battlegrounds.

change India's name to 'Bharat' in the special session of Parliament which is scheduled from 18 to 22 September. The proposal to change the name of the country to ‘Bharat’ comes as the government is moving on the path to break away from the shackles of colonial legacy.

Mint explains the current developments in the EV industry in the country: Even though the Indian EV industry is in its early stages, the growth plan under the ‘Make in India’ initiative aims to make the country a manufacturing hub for various sectors including the EV industry. The government aims to achieve 100% local production of EVs under this initiative.

UPI) and RuPay cards as a payment platform in these geographies, a senior government official said on Tuesday. The Reserve Bank of India (RBI) and the National Payments Corp. of India (NPCI) are in discussions with various countries, various high commissions and embassies, the person said, requesting anonymity.

The Congress party on Tuesday alleged that the "Union of States" is under assault in the Modi government as it claimed that a G20 dinner invite refers to the President as "President of Bharat". However, if we take a look in the In the Constitution of India it is clearly mentioned that under the Name and territory of the Union.—(1) India, that is Bharat, shall be a Union of States. India, that is Bharat, shall be a Union of States.

Financial Stability Board (FSB) on Tuesday warned that higher interest rates alongside a slowing growth outlook, could impair the capacity of borrowers to service historically high levels of debt. The FSB has published two letters from its Chair, Klaas Knot, to G20 Leaders ahead of their Summit in New Delhi on September 9-10. The first letter outlines the work FSB has undertaken under the Leadership of India's G20 Presidency to address existing vulnerabilities in the financial system and enhance the resilience of the financial system to structural change. The second letter provides to G20 Leaders an update on the G20 Cross-border Payments Roadmap. FSB, in its communication to G20 leaders, stressed that a resilient and stable financial system is indispensable to sustaining economic growth, particularly in the current environment.

Union minister Rajeev Chandrasekhar on Tuesday said that «our country's name is Bharat and there should be no doubt about it». The minister's comments come against the backdrop of Opposition parties alleging that the government was trying to change the name of the country from India to Bharat.

Financial Services Secretary Vivek Joshi on Tuesday said the credit market, led by the digital lending segment, is on course to grow to USD 350 billion (around Rs 3 lakh crore) by the end of the year.

digital economy minister's document on Tuesday. "There's a lot of interest in many, many bodies, both multilateral, non-governmental, governmental, that are interested in making sure that continents and countries that have lagged behind the digitization have the ability to implement this in this form or in some other form," he added. Chandrasekhar said that there was a global consensus for the first time on the principles of DPIs, cybersecurity in digital economy and digital skills, within the G20 digital economy ministers' working group.

West Bengal Chief Minister Mamata Banerjee attacked Governor CV Ananda Bose, alleging that he was holding back bills passed by the state assembly. "The governor's actions are an attempt to paralyse state administration. He cannot hold back finance bills," she said.

ALSO READ: From India to ‘Bharat’? Govt likely to bring proposal to change country's name in Parliament special session The invite by President Droupadi Murmu was sent to foreign leaders and chief ministers, who will be attending the weekend G20 summit in national capital. The mega event will feature US President Joe Biden, UK Prime Minister Rishi Sunak, and other world leaders.

The European Union's (EU) upcoming digital euro may face hurdles in non-euro member states, according to a review conducted by the European Parliament. 

South Korean financial giant KEB Hana Bank has entered into a strategic business agreement with California-based crypto custody and security platform BitGo to offer digital asset custody (DAC) services to its clients starting next year.

The State Bank of India (SBI) has become the seventh bank to implement UPI interoperability in its Digital Rupee (e ₹) also called Central Bank Digital Currency (CBDC). With this move, the bank aims to deliver unprecedented convenience and accessibility to its customers. “This cutting-edge feature, accessible through the 'eRupee by SBI' application will empower SBI CBDC users to effortlessly scan any merchant UPI QR code for swift and secure transactions," SBI said in a statement.

Paramhans Acharya for issuing a death threat against Tamil Nadu Minister Udhayanidhi Stalin. Visuals from the scene show hundreds of people on the streets chanting slogans against Paramhans Acharya while burning the effigy and his photo. This development comes as Paramhans Acharya reiterated his death warning against Udhayanidhi over his «eradicate Sanatan Dharma» remark. On Monday, Acharya announced a bounty of Rs 10 crore for beheading Udhayanidhi. Speaking to on Tuesday, Paramhans Acharya said, «Udhayanidhi should apologise for his statement against Sanatan Dharma.

Xi Jinping's ambitious reform agenda, now seems to be more of a mirage than a miracle, as reported by Reuters. A decade ago, these reforms aimed to steer China towards a Western-style free-market economy driven by services and consumption by 2020.