Country Financial News

New Delhi: Prime Minister Narendra Modi will virtually distribute more than 70,000 appointment letters to newly-inducted recruits on 22 July, the prime minister’s office said on Friday. The Rozgar Mela will be held at 44 locations across the country.

Brij Bhushan Sharan Singh were «serious» but no purpose will be served by taking him in custody at this stage, a Delhi court order released on Friday said. The court on Thursday granted regular bail to Singh, a six-time BJP MP, and also allowed the bail application of suspended Wrestling Federation of India (WFI) assistant secretary Vinod Tomar. Additional Chief Metropolitan Magistrate Harjeet Singh Jaspal made the observations in his nine-page order passed on Thursday, which was made available on Friday. In the order, the judge said, «In the instant case, the allegations are serious. In my view, the seriousness of the allegations, no doubt, is one of the relevant considerations while considering bail applications but it is not the only test or the factor to decide the same. When the undertrial prisoners are detained in jail for an indefinite period, Article 21 (right to life and personal liberty) of the Constitution is violated.» «In the matter at hand, in my considered opinion, at this stage, no purpose will be served by taking the accused persons in custody, at this stage,» he said.

Defence Minister Rajnath Singh on Friday said in Lok Sabha that the government was ready for a discussion on the Manipur violence amidst vociferous protests by opposition parties which disrupted the proceedings of the House for the second consecutive day. As soon as the House met, the members of the opposition parties were on their feet. The members, including those from the Congress, DMK and Left, raised slogans and told Speaker Om Birla that «Manipur is bleeding».

Pune were reportedly stolen, the police said on Friday. According to officials, Pune police received a complaint from the farmer, Arun Dhome, a resident of Pimparkhed in Shirur tehsil, who alleged that around 400 Kg of harvested tomatoes were stolen from outside his house.

Emerging markets have embraced instant payments in part because of demography (consumers are younger and more open to change), in part because of a crackdown on cash (policymakers are keen to shrink the size of grey markets, and increase tax takes) and in part because, unlike in America, new payment systems did not have to push aside existing ones, and those who benefited from them. FedNow is unlikely to transform payments immediately. The scheme will only support “push" transfers—ones that consumers initiate themselves.

Mutual funds' asset managers have several favourite stocks to which they have allocated a large part of their respective portfolios, especially large-cap funds. And tech giant Infosys is one of them.

Quran in Sweden. Some prepared for street demonstrations following midday prayers to show their anger. In Iran, Iraq and Lebanon, protesters planned demonstrations after Swedish police permitted a protest Thursday in which an Iraqi Christian living in Stockholm kicked and stood on a Quran, Islam's holy book, outside of the Iraqi Embassy.

Prime Minister Narendra Modi will distribute more than 70,000 appointment letters to newly-inducted recruits on Saturday and address them via video conferencing, his office said. The Rozgar Mela will be held at 44 locations across the country. The recruitments are taking place across central government departments as well as state governments and Union Territories supporting this initiative, the Prime Minister's Office (PMO) said in a statement. Prime Minister Modi will distribute more than 70,000 appointment letters to newly-inducted recruits on July 22 at 10:30 am via video conferencing, the PMO said. He will also address these appointees on the occasion. The new recruits, selected from across the country will be joining the government in various ministries and departments, including the Department of Revenue, Department of Financial Services, Department of Posts, Department of School Education, Department of Higher Education, Ministry of Defence, Ministry of Health and Family Welfare, Central Public Sector Undertakings, Department of Water Resources, Department of Personnel and Training and the Ministry of Home Affairs, among others. The Rozgar Mela is a step towards the fulfilment of the commitment of the prime minister to accord the highest priority to employment generation, the statement said.

Taiwan is investigating a possible leak of official documents including diplomatic cables and classified reports on the island's sensitive bid to join a global trade pact, according to two officials familiar with the probe. One official said initial findings showed some parts of the documents, posted on online message board 8kun and reviewed by Reuters, are real while bits were forged, without giving details. A second official said parts of the documents appeared to be «authentic» and they could not immediately determine the origin of the documents shared on the internet.

ICICI Securities on Friday reported a one per cent decline in profit after tax (PAT) at Rs 271 crore for three months ended June 2023. In comparison, the company reported a PAT of Rs 273.6 crore in the year-ago period, ICICI Securities said in a regulatory filing.

The comprehensive survey, conducted between January and March 2023 across 34 countries with the participation of 1,028 corporate recruiters, reveals some interesting insights. One notable shift is that «online degrees have lost favor a bit since last year.» Despite economic distress and inflation, the survey highlights that MBA salaries in the US are projected to be higher in 2023 compared to the previous year.

Congress leader Deepender Singh Hooda said the unemployment rate has increased three-fold in Haryana under BJP rule and slammed the Manohar Lal Khattar government over the «appalling» situation. In a reply to a question in Parliament, Union Minister of State for Labour and Employment Rameswar Teli on Thursday said the unemployment rate in Haryana was 2.9 per cent in 2013-14 (when Congress was in power), which increased to 9.0 per cent in 2021-22, the Congress leader said in a statement here. «If we look at the unemployment rate at the national level, it is 4.1 per cent, which is less than half the unemployment rate in Haryana,» Deepender Hooda, son of former Haryana Chief Minister Bhupinder Singh Hooda, said. «This appalling situation despite the fact that Haryana is surrounded by the national capital from three sides. Haryana is the only state in the country where the unemployment rate has increased three times during the BJP rule,» he said. He claimed Haryana has become number one in terms of unemployment rate among the major states of the country.

foreign exchange reserves, which made it challenging for the country to finance essential imports, including fuel and medicine. Speaking on the India-Sri Lanka ties, PM Modi said, “Sri Lanka faced many challenges last year but like a close friend we stood shoulder to shoulder with the people of Sri Lanka in the time of crisis." Meanwhile, Prime Minister Modi said that the agreement signed to launch UPI in Sri Lanka will increase Fintech connectivity.

TVS iQube electric scooter. The company shared a post on microblogging site Twitter, announcing the same. It said “The versatile Ola S1 Air.

UPI) technology will now be accepted in neighbouring Sri Lanka. Apart from UPI's acceptance, several agreements were also exchanged between India and Sri Lanka in the presence of Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesinghe in the national capital on Friday. In India, the UPI payments system has become hugely popular for retail digital payments and its adoption is rapidly increasing across the world.

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Narendra Modi regarding the recent decision by the GST Council to impose Goods and Services Tax on online gaming operators by changing the methodology of determination of “value of supply" from the decade-old practice of charging Service Tax/GST on the operator’s gaming revenue to a levy of GST on the “full value".  In the letter, the investors said that the decision has ‘unintended consequences’ of equating the constitutionally protected legitimate online skill gaming industry with gambling, betting, and other “games of chance".

In another addition to the growing list of instances of unruly behaviour by passengers mid-air, a senior Air India official was slapped and abused by a passenger on a Sydney-New Delhi flight last week. From ‘pee-gate’ under the influence of alcohol, to physical abuse, incidents of unruly behaviour on Indian skies have evoked a sense of disgust and embarrassment among the masses. A recent YouGov survey shows that among all unacceptable in-flight behaviour, drunkenness tops the list for urban Indians.

Also read: This Australian state has refused to host Commonwealth Games, ‘not a difficult decision’, says Premier; here's why The rescue plan put forth by Mayor Tate has garnered "full support" from Athletics Australia, the country's governing body for sports. They firmly believe that Gold Coast is uniquely positioned to step forward and deliver a Games of exceptional quality, as demonstrated in the successful 2018 event that left a lasting impact on Australian sport.  "We firmly believe the city is in a unique position to step forward," the BBC quoted Athletics Australia as stating.

FIR registered in connection with the parading of two women naked in Manipur, charged that before abducting them, a group of armed men came to the village in Kangpokpi district and torched and looted houses, attacked people killing some besides sexually assaulting women. The FIR, a copy of which is available with PTI, claimed that one person was killed by the mob as he tried to protect his sister from being raped on May 4 before the two were paraded naked and molested in front of others. «Around 900-1000 persons carrying sophisticated weapons like AK rifles, SLR, INSAS and .303 rifles forcefully entered our village… in Island subdivision, Kangpokpi district, about 68 km south from Saikul police station. »The violent mob vandalised all the houses and burnt them to the ground after looting all the moveable properties," the FIR lodged at Saikul police station claimed. They took away cash, furniture, electronic items, foodgrains, furniture and cattle heads, it said. The mob also snatched away five people who were rescued by police personnel from a nearby forest, the FIR claimed.

BEIJING (Reuters) -Chinese authorities announced measures on Friday intended to help boost sales of automobiles and electronics with the goal of shoring up a sluggish economy, but the steps failed to impress investors who have been clamouring for stronger stimulus.