Country Financial News

Piyush Goyal said on Saturday. India will have its own sizing system and metrics instead of sizes based on those of the UK and the US.

semiconductor design linked incentive scheme (DLI) to include bigger Indian as well as foreign companies, the minister of state for electronics and information technology Rajeev Chandrasekhar said. Speaking to reporters on the sidelines of the Semicon 2023 event in Gandhinagar, Gujarat, Chandrasekhar said that so far seven startups had been selected as participants in the semiconductor DLI scheme. “This initiative is steadily gaining confidence and support.

European Parliament adopted a unique law under which exporters of select products have to certify that their items sold in the European Union (EU) had not led to deforestation and forest degradation. Under the EU Deforestation Regulation, a slew of products, from coffee to wooden furniture, must not have come from fields that have been deforested after 2020.

New Delhi: The world is flush with funds and with right steps, private capital and investments from pension funds and sovereign wealth funds (SWFs) can be effectively deployed in meeting the green transition of developing nations, G20 Sherpa Amitabh Kant said at a conference in the capital. Speaking at the second day of the G20 conference on ‘a green and sustainable growth agenda for the global economy,’ Kant said that geopolitics should take a backseat at the global economic forum and sustainable development goals should receive primacy at the grouping of nations that accounts for over 80% of the world’s output.

Manipur government said that the Home Ministry has deputed a team from National Crime Records Bureau (NCRB) who will be assisted by state government employees in the biometric capturing exercise. “A team of officials of the National Crime Records Bureau (NCRB), deputed by the Ministry of Home Affairs for training and handholding of State Government Officers in this campaign, assisted the State Government officials in capturing biometric data of illegal immigrants at Foreigners' Detention Centre, Sajwa, Imphal East District today," a release from Manipur government said.

London flirt with the Labour Party, Rishi Sunak is rolling the dice that a shift to the right could keep his Conservatives in power. Read More: Tories Urge New Sunak Strategy, Cabinet After Election Losses When the British prime minister took office after the turmoil of Liz Truss’s seven-week tenure in 10 Downing Street, he assured voters and investors he was the responsible choice to manage the country. His pitch based on political and economic sobriety had a calming impact on financial markets. It has not translated into electoral support. The Tories barely clung on to Boris Johnson’s former parliamentary seat in northwest London in a special election this month and watched huge majorities vanish in two other constituencies. That bolstered forecasts that the party is heading for a landslide defeat in a general election expected next year. So Sunak is going on the offensive. According to ministers and Tory strategists interviewed by Bloomberg, the premier’s plan is to lean into controversial cultural issues that play on some voters’ emotions and create dividing lines with Labour and the surging party’s leader, Keir Starmer.

G20 Sherpa Amitabh Kant said. “The growth in the future will come from emerging markets and this would require financing. The international financial architecture needs to ensure that resources flow from the developed world to the emerging markets and not vice versa,” Kant said.

coal ministry is developing a logistics policy for the sector and a national coal evacuation plan with a view to reducing logistics costs, an official statement said on Saturday. An inter-ministerial meeting on logistics was held to review the progress of implementation of the national logistics policy, the statement said adding that it was convened by the Department for Promotion of Industry and Internal Trade (DPIIT). During the meeting measures taken by different ministries to improve logistics efficiency in the country were also showcased, the commerce and industry ministry said. «A draft coal logistic policy and national coal evacuation plan has been developed by the ministry of coal. In addition, standardization of physical assets (heavy earth moving machines for coal handling) and setting up benchmarks for quality management, is under progress,» the statement said. Speaking at the meeting DPIIT Secretary Rajesh Kumar Singh talked about the critical role played by ports in making India a globally competitive export destination and suggested greater adoption of initiatives like the Logistics Data Bank to draw learnings for improving logistics performance across various metrics. In the meeting, it was highlighted that for making India's domestically manufactured goods globally competitive and for achieving the USD 2.5 trillion EXIM (export-import) target by 2030, it is imperative to have an efficient logistics ecosystem.

While Washington continues a seemingly unbridled spending spree under the assumption “more spending” is better, debts and deficits matter. To better understand the impact of debt and deficits on economic growth, we must know where we came from. The chart shows the 10-year annualized growth rate of the economy over time.

WARSAW (Reuters) — A group of a hundred soldiers from the Russian Wagner group have moved closer to the Belarusian city of Grodno near the Polish border, Polish Prime Minister Mateusz Morawiecki said on Saturday.

By Liz Lee, Jenny Wang and Ryan Woo

Viewing cryptocurrency as «digital gold» may be a mistake.

Piyush Goyal on Saturday said he is hopeful of India finalising certain free trade agreements (FTAs) in the next few months, which would help promote exports. India is in the final stages of concluding FTA negotiations with the UK. The country is also negotiating similar pacts with Canada and European Union (EU). «We can leverage the free trade agreements with the UAE and Australia and we are hopeful that in the next few months, we will finalise many more free trade agreements to help you grow your business with zero duty on finished leather products and footwear available for you to exploit bigger and better markets,» Goyal said while addressing footwear industry representatives here. The minister also asked the industry to focus on quality and sustainable manufacturing processes to tap business opportunities in the developed world. The Indian footwear and leather industry is not only a major foreign exchange earner but being a labour-intensive sector, it also provides employment to approximately 4.5 million people, 40 per cent of whom are women. He said that India has the capacity to become the world's largest and best-quality footwear manufacturer.

Tamil Nadu Chief Minister M K Stalin launched a tirade against Union Home Minister Amit Shah on Saturday accusing him of starting a «sin yatra» (pava yatirai in Tamil) from the pilgrim town of Rameswaram and claimed that the BJP is also perpetuating family rule. The Home Minister talks as if family rule is existing only in Tamil Nadu, forgetting the fact that it exists in the BJP too, the Chief Minister said and also questioned the saffron party's sudden affection and pity for the Tamil Nadu fishermen.

The World Meteorological Organization and the European Union's Copernicus Climate Change Service on Thursday proclaimed July's heat is beyond record-smashing. They said Earth's temperature has been temporarily passing over a key warming threshold: the internationally accepted goal of limiting global warming to 1.5 degree Celsius (2.7 degrees Fahrenheit). Temperatures were 1.5 degrees warmer than pre-industrial times for a record 16 days this month, but the Paris climate accord aims to keep the 20- or 30-year global temperature average to 1.5 degrees. A few days of temporarily beating that threshold have happened before, but never in July. July has been so off-the-charts hot with heat waves blistering three continents — North America, Europe and Asia — that researchers said a record was inevitable. The U.S. Southwest's all-month heat wave is showing no signs of stopping while also pushing into most of the Midwest and East with more than 128 million Americans under some kind of heat advisory Thursday. «Unless an ice age were to appear all of sudden out of nothing, it is basically virtually certain we will break the record for the warmest July on record and the warmest month on record,» Copernicus Director Carlo Buontempo told The Associated Press.

Piyush Goyal Saturday said that the country will soon come out with a domestic size of footwear which is suitable for Indian people. At the India International Footwear Fair, he also said that in the next few months, the country will finalise many more trade pacts with zero duty for finished leather products and footwear. “We have identified the domestic size of footwear which is suitable for Indian People.

New Delhi: Union minister Jitendra Singh on Saturday highlighted the significance of early detection in controlling type 2 diabetes mellitus and various lifestyle disorders, along with the potential to cure several cancers, including breast cancer. Speaking at a media event titled ‘Expanding Breast Cancer Care for Indian Women,’ the minister said, with early diagnosis, and easy access to breakthrough treatments available in the country, India can conquer breast cancer in its early stages itself.

ALSO, READ Manipur violence: INDIA alliance says, ‘trying to understand the situation’; BJP calls it ‘showoff’ General Naravane opined that instability does not help the country's 'overall national security construct'. "The person on the ground knows what best needs to be done. Definitely, instability does not help us in the overall national security construct and the involvement of foreign agencies cannot be ruled out.

New Delhi: NEW DELHI: The Ministry of Electronics and IT (MeitY) and the Ministry of Information and Communication Technology (MICT) of Papua New Guinea signed a memorandum of understanding (MoU) for sharing India Stack, successful digital solutions implemented at population scale in New Delhi on 28 July. Earlier, MeitY hosted the inaugural Global DPI Summit in Pune on June 12-13.

Chaudhari, the Indian Air Force Chief recently interacted with personnel of a forward fighter base and complimented them for their high state of operational preparedness. «During a recent visit to a forward fighter base, Indian Air Force chief Air Chief Marshal VR Chaudhari interacted with personnel of the base and complimented them for their high state of operational preparedness,» the Indian Air Force said in a tweet.

Russia said Saturday its forces struck a command post in Ukraine's Dnipro the previous day after Kyiv said a missile hit an apartment block there, wounding nine people. «On the evening of July 28, the Russian armed forces attacked a command post of the Ukrainian armed forces in the city of Dnepropetrovsk with high-precision weapons,» the Russian defence ministry said, referring to Dnipro by its earlier name.