Country Financial News

By Gloria Dickie and Jake Spring

By Mubasher Bukhari, Gibran Naiyyar Peshimam and Charlotte Greenfield

The U.S. retirement system is a sprawling complex, a so-called "three-legged stool" of Social Security payments, workplace savings plans and individual wealth.

IT hardware manufacturers including global PC makers have registered for manufacturing laptops, tablets and personal computers in India, an official source said on Saturday. The official, without naming any company, said that IT hardware production in the country is expected to repeat the success that has been achieved in mobile phone manufacturing under the production linked incentive (PLI) scheme.

Beijing, officials said Saturday, bringing the death toll from recent torrential rains in northern China to at least 30. Officials reported the deaths in Baoding, about 150 kilometres (90 miles) from Beijing, adding that 18 people were missing. Storm Doksuri, a former super typhoon that hit mainland China last Friday, has brought the most severe rains to the region since records began 140 years ago. By noon Saturday (0400 GMT), more than 600,000 of Baoding's 11.5 million residents had been evacuated from areas deemed to be at risk, officials said. The torrential rain that hit northeast China on Saturday battered the provinces bordering Russia and North Korea.

reality quickly set in again. Contracted sales at the country’s top 100 developers plunged 33% from a year earlier in July, according to China Real Estate Information. In the first seven months combined, sales for those developers have now fallen 5% year over year, wiping out all the progress notched at the beginning of the year immediately after China abandoned its strict pandemic control policies.

NDTV reported on Saturday. The Chinese naval base in Cambodia is close to the Strain of Malacca, a crucial point that links the Indian Ocean with the South China Sea.

New Delhi: Bureau of Indian Standards, the national standards body of India, on Saturday signed memorandum of understandings (MoUs) with 35 institutions across the country for fostering collaboration in standardization and conformity assessment. The institutions included some prominent NITs, government and private engineering colleges from different states across the country.

Chandrayaan-3 spacecraft has covered two thirds of its distance on its onwards journey to the Moon. On Saturday the ‘moon craft’ is scheduled to enter the orbit of the Moon at around 7pm. While the country waits with bated breath to see the spacecraft achieve success in its mission, Union Minister Jitendra Singh informed that the landing of the space craft on the moon will happen ‘after a week or so’.

cabinet has approved a last-mile broadband connectivity plan under the BharatNet project for 6.4 lakh villages across the country with a financial outlay of Rs 1.39 lakh crore, a top government official said. The broadband connectivity project has already connected 1.94 lakh villages, with the rest likely to be completed in two and a half years. “In a meeting held on Friday evening, the cabinet has approved Rs 1,39,579 crore for providing last mile optical fiber-based connectivity to homes in all villages of the country,” the official said.

Samajwadi Party president Akhilesh Yadav Saturday accused the BJP of employing its own version of 'Hindutva' to «divide» society and grab power, and asserted there is a need to save the «true Hindutva.» He also accused the BJP government of conducting «fake encounters», and said people will «encounter the BJP government in 2024» which «is necessary for saving the Constitution». Yadav also claimed opposition alliance INDIA (Indian National Developmental Inclusive Alliance) will uproot the «divisive» BJP government in 2024 with the support of the PDA (Pichhade, Dalit, Alpsankhyak) in Uttar Pradesh. «They (the BJP) have done a lot of fake encounters. Now people will encounter the BJP government in 2024,» Yadav told PTI in an interview when he was asked how the INDIA bloc and the SP will counter the BJP challenge in the Lok Sabha polls. About the future of opposition alliance in the state, Yadav said, «The SP is there. More parties that are willing to join the INDIA alliance are welcome. Our PDA (Pichhade, Dalit and Alpsankhyak) will defeat the BJP this time. The BJP has done nothing except dividing the society.»

₹4,000 crore mark. Monthly revenues have surpassed this level consistently in every month of 2023 up to June. This signifies the highest toll collection ever achieved by the state-owned highway developer NHAI using FASTag.

Congress leader Surendra Rajput on Saturday said that Rahul Gandhi will take part in the no-confidence motion against the Modi government following the Supreme Court decision to stay his conviction in the 'Modi surname' defamation case. «The Bharatiya Janata Party should return Rahul Gandhi's Lok Sabha membership to him. Rahul Gandhi will take part in the 'no-confidence' motion against the Modi government's 'anti-people's policies», said Congress leader Rajput.

While India has not said the new requirement is aimed at China, more than half of its roughly $10 billion in annual imports of personal computers and tablets are Chinese-made. Relations between the countries have deteriorated since mid-2020, when Chinese and Indian troops clashed on LAC and 24 people were killed. Several Indian government officials, who asked not to be named, said the licensing measure aimed to address a trade imbalance with China. Here are some other Chinese trade and investment ventures affected by Indian measures since 2020:

Imran Khan's sentencing and quick arrest on Saturday in a corruption case, Pakistan has maintained its notoriety for jailing former prime ministers while shying away from taking any action against military dictators who repeatedly violated the Constitution. Khan, the chief of the Pakistan Tehreek-e-Insaf (PTI) party was arrested from his Zaman Park residence in Lahore after an Islamabad-based sessions court sentenced him to three years in prison on the charges of hiding the proceeds from the sale of state gifts from the Toshakhana. The Toshakhana is a department under the Cabinet Division that stores gifts given to rulers and government officials by heads of other governments and foreign dignitaries. Khan bought some gifts including a precious watch given to him by the Saudi crown prince and sold the same for profit. The 70-year-old leader was authorised to buy the gifts from Toshakhana and also carry out the sale but failed to inform the Election Commission of Pakistan about the money he made for which he was accused of concealment which is a crime under the law. In better times, Khan might have escaped with a warning or a fine by the court, but he had already run out of luck when he fell out with the powerful military establishment that led to his ouster from the government in April last year.

The 2023 UN Climate Change Conference will convene from 30 November to 12 December 2023 in Dubai, United Arab Emirates (UAE). Mint explains what to expect from the 28th meeting of the Conference of the Parties (COP 28). A.

₹1,39,579 crore for the next phase of Bharat Net to make the 5G network available to remote areas of the country, said Ashwini Vaishnav, minister of communications and electronic & information technology. “With a system of ring topology, we plan to reach 6.4 lakh villages within the next two years from the current 1.94 lakh connected villages under the Bharat Net Udyami Yojana," he said.

premier forum for international economic cooperation. With more than 12,300 delegates from over 110 nations, the in-person participation in India's G20 Presidency is the largest ever hosted by any G20 country so far.

arrest in the Toshakhana case in May 2023 had triggered massive protests across the country. Meanwhile, Imran Khan has challenged the Islamabad High Court’s verdict in the Supreme Court of Pakistan.

₹43 per kg and is projected to remain within a reasonable range. Over the past 10 years, the country has experienced less than 2% annual inflation in sugar prices, highlighting the efficacy of government policy interventions in stabilizing prices.

English language teaching in low- and middle-income countries. It awards Master’s degree scholarships to teachers and related professionals with experience and evidenced potential to impact and enhance the field of English language teaching and learning in their home country. Up to 10 fully funded scholarships are provided. It waives off the fee plus a maintenance payment of £15,000 minimum for the year is provided to individuals who are elected. It is given to those who meet the admission criteria of the University of Exeter.Eligibility Criteria