Country Financial News

Delinquency rates for India’s digital lending industry fell 50 basis points to 4.2% in FY23, according to a report by Fintech Association For Consumer Empowerment (FACE) and credit rating agency Equifax. For the digital lending industry, which came under pressure during Covid-19, FY21 and FY22 were tough years as several large credit fintechs had to provision for bad loans due to rising delinquency rates, thus accumulating losses, the report said.

Health Care – India 2023; WHO Traditional Medicine Global Summit; India MedTech Expo 2023; and ‘Sustain, Accelerate and Innovate to End TB in South-East Asia Region’ Conference. Mint takes a look at the event and its impact on India's delivery of public healthcare going ahead.

da Silva and Russian Foreign Minister Sergey Lavrov have voiced support for the idea of a common currency among BRICS nations. Some have spoken of the concept as a potential challenger to the US dollar.

August is turning out to be chaos for emerging markets. 

The BTC/USD is currently experiencing a decline of 0.25%, with its trading price at $26,025. Amidst the backdrop of dollar instability, there arise significant challenges to the ongoing efforts of de-dollarization, ultimately posing potential ramifications for Bitcoin's prices. 

Over the lasy 3 years, the number of crorepatis in... moreOver the lasy 3 years, the number of crorepatis in India grew by nearly 58,000.

New Delhi: Denmark-based logistic firm A P Moller-Maersk on Monday said it is expanding its fleet of electric vehicles to over 500 for deployment across 26 cities covering first, middle and last-mile distribution for one of the top e-commerce platforms in India. The expansion ties with Maersk’s ambition to become net zero across businesses and provide customers with 100% green solutions by 2040, it said.

Chandrayaan-2 orbiter. “Chandrayaan-3 Mission: ‘Welcome, buddy!’ Ch-2 orbiter formally welcomed Ch-3 LM. Two-way communication between the two is established.

ISRO) on Monday said a two-way communication has been established between Chandrayaan-2 orbiter and Chandrayaan-3 mission's lander module. "‘Welcome, buddy!’ Ch-2 orbiter formally welcomed Ch-3 LM. Two-way communication between the two is established.

UK government unveiled plans to restrict the entry of dependants for international students. The announcement sent ripples through the academic world, capturing the attention of prospective students and professionals alike. The implications of this policy shift have sparked questions about its impact on the international student landscape and the UK's higher education sector. A substantial number of students, especially those from major source markets, opt for international study opportunities while also considering the prospect of bringing their family members along. India ranked #2 over the last few years, with 42,381 UK Dependant Visas being granted to Indians on study visas for the 2023 intake. According to ApplyBoard, India, Nigeria, and Pakistan — the three top source markets for postgraduate enrollment in the UK, are all likely to see growth step back in 2024.

IPO) of Aeroflex Industries will open for subscription on August 22 and continue till August 24. The allocation to anchor investors will be done on Monday evening. Ahead of the issue opening, Aeroflex Industries is commanding a premium of Rs 60 in the unlisted market.

Canara Bank on Monday launched UPI Interoperable Digital Rupee mobile application as a part of the Reserve Bank of India's Central Bank Digital Currency (CBDC) pilot project.Canara Bank is the first Bank among public and private sector banks to introduce this feature in Bank’s CBDC mobile app called 'Canara Digital Rupee app'. «With the introduction of this feature, customers will be able to scan merchant UPI QR codes using the app and make the payment through digital currency. Further, this feature empowers the merchants to accept digital currency payments using their existing UPI QR codes in addition to the UPI based payments without the requirements of a separate on boarding process for CBDC,» the company said in a release. «The launch of Canara Bank Digital Rupee mobile application enabled with UPI Interoperability is a revolutionary step towards digitalizing the Indian economy. He expressed pride in the launch of the app, which will enable customers to enjoy the benefits of fast and secure transactions with digital currency devised by RBI,» said K Satyanarayana Raju, the Managing Director and CEO of Canara Bank. The application is available for both Android and iOS users. The digital currency is a legal tender as per RBI regulations, and the launch of this app is a significant step towards the adoption of digital currency in India, as per the bank.Features of the application

Narendra Modi today addressed Madhya Pradesh Rojgar Mela virtually. The Prime Minister congratulated newly inducted recruits on this occasion. In the program, CM Shivraj Singh Chouhan gave appointment letters to more than five thousand newly appointed teachers.

New Delhi: The G20 Pandemic Fund has granted $25 million to India's animal husbandry & dairying department to aid pandemic preparedness and response, according to the ministry of fisheries, animal husbandry & dairying. This funding will improve India's animal health system, a crucial part of the One Health approach for pandemic prevention.

Chandrayaan-3. The spacecraft that left India last month is scheduled achieve soft landing on the lunar surface on 23 August at 6.04pm. Prakash Raj took to microblogging site ‘X’, formerly known as Twitter, and Instagram to share the meme on the updates of Chandrayaan-3.

Volodymyr Zelenskyy thanked Danish lawmakers on Monday for helping his country resist Russia's invasion, a day after Denmark and the Netherlands announced they will provide Kyiv with American-made F-16 warplanes.Zelenskyy said that if Russia's invasion is successful, other parts of Europe would be at risk from the Kremlin's military aggression. «All of Russia's neighbors are under threat if Ukraine does not prevail,» he said in a speech in Copenhagen. Zelenskyy portrays Ukraine as defending Western values of freedom and democracy against tyranny and argues that Ukraine needs to be properly provisioned to fend off Russia's much bigger force.

Supreme Court on Monday said it will lay down broad guidelines for courts across the country to deal with the issue of summoning officials in cases involving the government and their officials. A bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra said there must be different set of procedures to deal with contempt proceedings arising out of non-compliance of final judgements and the interim orders passed in pending cases. In pending cases, the affidavits of officials may serve the purpose and in contempt cases, arising out of non-compliance of court orders, the presence of government officials concerned may be necessary, the bench said.

Narendra Modi on Monday said there was an era of «corruption and scams» before 2014 and the rights of the poor and their money were robbed, but now every penny is reaching into their accounts directly. The data shows an increasing number of people are paying taxes, which shows their faith in the government that their money is being put to good use, Modi said. He was virtually addressing the training-cum-orientation programme of newly appointed teachers at the CM Rise Government Mahatma Gandhi Higher Secondary School in Madhya Pradesh capital Bhopal.

Anuj Puri, Chairman & Founder, Anarock Group, says real estate “sales across the board, across all the major cities and even the tier-2 metros, seems to be pretty robust. The good thing is this is not coming on the back of speculators or investors. This is coming on the back of end users, younger end users, who are really wanting to buy it whether it's for social security or for other reasons, wanting to buy the residential.”Developers in the NCR region have planned a slew of launches in the second half of the year. That is a phenomenal 2023. Could 2024 be a record year too because we have seen volumes coming out of that region are very strong. Do you see that trend continue?It is appearing like that.

income tax returns filed this year which indicated a huge increase in the average income of the people in the last nine years. According to ITR data, the prime minister, said that the average income which was around ₹4 lakh in 2014 has increased to ₹13 lakh in 2023.

Japanese government officials sought understanding from fisheries groups for the release of treated radioactive wastewater from the wrecked Fukushima nuclear plant into the sea and pledged to support their livelihoods throughout a process that will tak...