Country Financial News

BJP on Saturday asked Rahul Gandhi if he expected the armed forces to resort to shooting at Indians in violence-hit Manipur and claimed the Congress leader does not have any trace of democracy in his mind. Noting that Gandhi had claimed that armed forces can restore peace in the state within days if allowed, BJP leader and former Union minister Ravi Shankar Prasad wondered if he wanted what his grandmother and then prime minister Indira Gandhi had done by ordering the Air Force to drop bombs in Aizawl in the 1960s.

Narendra Modi on Saturday suggested that G20 countries can set an example by using non-conviction-based confiscations to speed up recovery of foreign assets created from proceeds of crime. Modi, who was addressing the G20 Anti-Corruption Ministerial Meet here via video conferencing, stressed the importance of timely asset tracing and identification of proceeds of crime and said these measures would also «ensure swift return and extradition of criminals» after due judicial process.

By Maximilian Heath and Miguel Lo Bianco

By Gibran Naiyyar Peshimam

Indiabulls Real Estate Ltd's (IBREL) sale bookings fell 75 per cent to Rs 74 crore in the first quarter of this fiscal. Its sale bookings stood at Rs 297 crore in the year-ago period, according to an investor presentation.

Pakistani senator Anwaar-ul-haq Kakar was named as caretaker prime minister to oversee national elections, the prime minister's office said on Saturday following a meeting between outgoing premier Shehbaz Sharif and opposition leader Raja Riaz. "We first agreed that whoever should be prime minister, he should be from a smaller province so smaller provinces' grievances should be addressed," said Raja Riaz Ahmad after a meeting with outgoing premier Shehbaz Sharif.

Pakistan has reneged on various international agreements that include those relating to good governance, human rights and labour rights, the European Union's (EU) 10-year preferential trade agreement, GSP Plus, may not be extended, according to the Insideover. As envisaged by the Generalised Scheme of Preferences (GSP) scheme, the country has also failed to bring about sustained development and poverty reduction in Pakistan. In the year 2020, 28 per cent of Pakistan's total exports to the EU were duty-free thanks to its GSP Plus status, and 78 per cent of these exports went to the EU.

Prime Minister Narendra Modi on Saturday launched a blistering attack on the opposition parties, accusing them of «running away» from the Lok Sabha during a debate on the no-confidence motion, and said his government has countered the «negativity being spread» by them across the country. He also accused the opposition of «not being serious» about the discussion on Manipur as «it would have hurt them the most».PM Modi said an opportunity to find solutions through debates in Parliament could not be utilised as the opposition parties «prioritised their politics over people's welfare». In an apparent reference to the PM's allegation, West Bengal Chief Minister Mamata Banerjee claimed that the Centre has «not taken any action against those involved in unleashing atrocities in Manipur».

India needs a new green revolution under the leadership of Prime Minister Narendra Modi to show the path of natural farming to the world and lead the way for prosperity of farmers. This green revolution will bring wealth from across the world to India by finding markets for organic products, he said.

Priyanka Gandhi Vadra said that a union of contractors has written a letter to the Chief Justice of the High Court complaining that they receive payment for their work only after paying 50% commission. "The corrupt BJP government in Karnataka used to collect 40% commission. In Madhya Pradesh, BJP has gone ahead by breaking its own record of corruption.

reliance more than the BM-21 Grad, an icon of Soviet weaponry that entered service in 1963 and shoots up to 40 unguided rockets from the back of a truck. The Grad also shows the dangers of Ukraine’s reliance on Soviet-era gear. The aging weapon is inaccurate and prone to breakdown, while the country’s supplies of Grad rockets are running low, according to analysts and some of its operators.

airport for allegedly trying to smuggle diamonds worth ₹1.49 crore out of the country by hiding them in tea powder pouches kept in his luggage, officials said. The 30-year-old accused, Mukkim Raza Ashraf Mansuri, was arrested on August 9 by the Air Intelligence Unit of the Customs department when he was about to fly to Dubai, a Customs official said. "Mansuri, a resident of Null Bazar area in south Mumbai, was arrested at the Chhatrapati Shivaji Maharaj International Airport.

Tamil Nadu Governor R N Ravi on Saturday categorically asserted he will never clear the Tamil Nadu government's anti-NEET bill, even as it was now awaiting Presidential assent. The achievements without the National Entrance-cum-Eligibility Test (NEET) were not enough for the future, Ravi said, adding the qualifying test is here to stay. «Look, I will be the last man to give clearance; never, ever.

Mamata Banerjee on Saturday alleged that the Centre has not taken any action against those involved in unleashing atrocities in Manipur. She also said «Prime Minister Narendra Modi can't speak on corruption» as his government is «surrounded by issues like PM Care fund, Rafale deal and demonetisation». Her comments come hours after PM Modi said India has a strict policy of zero tolerance against corruption while addressing the G20 Anti-Corruption Ministerial Meet here via video conferencing.

MSDE) will now transfer its share of apprenticeship stipend directly to candidates, a move aimed at bringing in greater transparency and incentivising individuals to undertake apprenticeship training. The ministry has launched direct benefit transfer under the National Apprenticeship Promotion Scheme (NAPS) on Friday, is bursing Rs 15 crore to 0.1 million apprentices on the first day.

e-commerce and the growth of third-party logistics (3PL) companies is also driving the investments in this segment. The cumulative supply in India’s warehousing and industrial sector is expected to reach 516 million sq ft by 2026 from 344 million sq ft in the first half of 2023.

Narendra Modi sharply criticized the opposition parties for walking out of Lok Sabha during the no-confidence motion while addressing the Panchayati Raj Parishad in West Bengal via video conferencing on Saturday. The Prime Minister noted that opposition parties did not want voting on the no-confidence motion since it would ‘exposed the cracks in their alliance’. "Only two days back, we had defeated the opposition's no-confidence motion in Parliament.

UK visa at a hotel near you. VFS Global has entered into a strategic partnership with Tata-owned Indian Hotels Company and the Radisson Hotel Group. UK visa applicants in Bengaluru, Mangalore, and Visakhapatnam can now apply for their visas at the nearest Taj Hotel.

Central Bank Digital Currencies (CBDCs).Understanding CBDCs CBDCs are digital representations of a nation's fiat currency and are issued and regulated by the central bank. Unlike decentralized crypto assets like Bitcoin, CBDCs are under the direct control of the issuing authority. This allows them to maintain their role in monetary policy, currency stability, and financial regulation. Governments have various motivations for exploring CBDCs. One significant reason is the modernization of payment systems. Traditional cash transactions are giving way to digital alternatives, and CBDCs offer a secure and efficient means for central banks to oversee these transactions, thereby reducing reliance on physical cash.

attack by Islamic State group jihadists on Syrian government forces in the war-torn country's east has killed 33 soldiers, a monitor said Saturday, revising an earlier toll of 26 deaths. The shooting Thursday evening on an army bus was the extremist group's deadliest attack on government forces this year, according to the Syrian Observatory for Human Rights. Despite losing their last piece of territory in Syria in 2019, IS has maintained hideouts in the vast Syrian desert from which it has carried out ambushes and hit-and-run attacks.

China would ensure circumstances that allow Indian journalists to stay in that country and report from there. The comments by External Affairs Ministry spokesperson Arindam Bagchi came when asked whether China has given visas to Indian journalists recently and if India is considering the same for Chinese reporters.