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The paper, which runs into 67 pages, titled 'Open Banking and Digital Payments: Implications for Credit Access' was authored by Shashwat Alok, Pulak Ghosh, Nirupama Kulkarni and Manju Puri. Among key highlights of the paper are that UPI has enabled underserved groups, including subprime and new-to-credit borrowers, to access formal credit for the first time.

Alternative for Germany party on Saturday presented its candidate for chancellor in the country's upcoming election. In practice, Alice Weidel has no chance of taking the chancellery as other parties refuse to work with the populist party. But Alternative for Germany, or AfD, which was founded in 2013, has been getting strong approval rates and is currently the second strongest party in the country after the center-right Christian Democrats. It is polling between 18% and 19% in nationwide surveys.

Speaking to ANI, Kaur said, «All the demands of the farmers are related to the central government, not the state government.» Farmers from Punjab have launched a fresh wave of protests at Sambhu border demanding compensation and a legal guarantee for the Minimum Support Price (MSP).

participative diplomacy, External Affairs Minister S Jaishankar on Saturday said that the general sort of the needle is moving more towards the reality of a negotiation than the continuation of the Russia-Ukraine war. Jaishankar also highlighted the impact of the conflict situations in the Gulf and the Mediterranean region on countries all over, including India, in terms of cost escalation for oil, fertilisers and shipping etc. Visiting Doha to participate in the Doha Forum at the invitation of Prime Minister and Minister of Foreign Affairs of State of Qatar Mohammed bin Abdulrahman and was addressing a panel along with him and Norway's Foreign Minister Espen Barth Eide. Answering a question about the situation in the Gulf region and the latest in Syria, the External Affairs Minister highlighted how there is a widening of conflict and gave examples of Israel-Iran firing at each other; said how the situation in Red Sea is impacting shipping for Asia, and then, referred to a previous session of journalists who said even when the job is tough, journalists need to do it.

Jagdeep Dhankhar on Saturday asserted that an eight-fold rise in per capita income needs to be achieved to realise the goal of «Viksit Bharat» (developed India) by the year 2047. Addressing the second convocation ceremony of Mahatma Gandhi Central University in Bihar's Motihari, he also expressed hope that the country, which was currently the «fifth largest economy» in the world, would «soon leave Germany and Japan behind». Lavishing praise on the Narendra Modi government at the Centre, without taking any names, Dhankhar said, «The last 10 years have been marked by eradication of a culture of corruption and middlemen seem to have been eliminated».

Subscribe to enjoy similar stories. Canada and its prime minister, Justin Trudeau, have a Donald Trump problem. The pair had an at-times rocky relationship during Trump’s first term in the White House, and the president-elect couldn’t resist getting in a dig last week during their impromptu meeting over dinner at Mar-a-Lago, his Florida estate.

Shin Jae-hyung was a teenager, he was out in the streets being teargassed, fighting against South Korea's then-military dictator Park Chung-hee. He never thought he would have to do it again in 2024. But when he heard the country's current president, Yoon Suk Yeol, had declared martial law this week — the first time democratic South Korea had experienced it in 40 years — he raced to the National Assembly thinking: «We must stop this.» «I thought we must define this as an act of insurrection,» the 66-year-old told AFP at his home in northern Seoul.

Modi's Niti Shastra: The World's His Oyster," highlighting the transformative leadership of Prime Minister Narendra Modi. The book, written by Aggarwala, delves into PM Modi's vision for India's public welfare, governance, and global stature. Shah congratulated the author and the publishing board for bringing out a work that documents the Prime Minister's remarkable journey from Gujarat's Chief Minister to becoming the longest-serving Prime Minister in India's history, achieving unprecedented reforms and nation-building milestones.

Navodaya Vidyalayas (NVs) across India, Prime Minister Narendra Modi on Saturday said that the government is committed to providing school education to every section of the society in accordance with the National Education Policy. «We are committed to providing school education to every section of the society in accordance with the National Education Policy. In this regard, our government has approved 28 new Navodaya Vidyalayas across the country. This will expand residential and quality school education on a large scale,» PM Modi posted on X. On Friday, the Union Cabinet approved the establishment of 28 new Navodaya Vidyalayas (NVs) in districts that are currently not covered by the Navodaya Vidyalaya Scheme.

US Congressman Jay Obernolte said the Federal Energy Regulatory Commission should move speedily in crafting rules that encourage the expansion of AI and its need for large amounts of electricity, including by clearing the way for so-called co-located AI data centers. «As their energy requirements increase, the development of co-located energy production will be instrumental in mitigating grid strain, improving resilience, and reducing carbon emissions,» wrote Obernolte, a Republican from California.

Subscribe to enjoy similar stories. ON December 5th a Long March 6a rocket blasted off from Taiyuan Satellite Centre, in Shanxi province in northern China. Aboard was the third batch of satellites for the Qianfan, or “SpaceSail" network, which aims to deploy a “mega-constellation" of thousands of satellites to beam fast internet access to users anywhere in the world.

While the senior living industry in the country is still in the nascent stage, companies that are currently providing such services are increasingly looking at the government to offer some relief at the policy level. Speaking on the sidelines of Association of Senior Living India's Ageing Fest in Bengaluru, association chairman Ranjit Mehta told ET: «There’s no single nodal agency — we currently deal with the Ministry of Social Justice, Urban Affairs and Housing, and Health. We’ve requested the government to streamline this.»

UN General Assembly draft resolution that was unanimously adopted to proclaim December 21 as World Meditation Day. India, including Liechtenstein, Sri Lanka, Nepal, Mexico and Andorra, was a member of the core group of countries that guided the unanimous adoption of the resolution titled 'World Meditation Day' in the 193-member UN General Assembly on Friday. «A day for comprehensive well-being and inner transformation! Glad that India along with other nations of the core group guided the unanimous adoption of the resolution on the declaration of December 21 as World Meditation Day @UN General Assembly today (Friday),» India's Permanent Representative to the UN Ambassador Parvathaneni Harish said in a post on X.

Subscribe to enjoy similar stories. Till the 1980s, the Bombay Stock Exchange (now BSE) resembled the Wild West, with a cabal of brokers who brooked no resistance from regulators, running the place as they pleased. So when a former bureaucrat with no experience in capital markets was appointed to head the toothless Securities and Exchange Board of India (Sebi), still lacking statutory powers, there seemed little reason to fear anything would spoil their party.

Subscribe to enjoy similar stories. New Delhi: Do you collect luxury leather, suede or satin shoes or are you a big sneakerhead? You may have to wait for several months for a new pair. Shelves at luxury shoe boutiques across India may turn sparse in the coming weeks as India’s mandatory licensing regulations that kicked in August are increasing costs and delaying stock arrivals.

China has banned exports of key materials used for a wide range of products, including smartphones, electric vehicles, radar systems and CT scanners, swiping back at Washington after it expanded export controls to include dozens of Chinese companies th...

Info-x Software Technology Pvt Ltd, through its director Rishi Parti, has bought a 16,000 sq ft penthouse at DLF's ultra-luxury The Camellias in Gurugram for ₹190 crore in one of the costliest apartment transactions in the country. The deal was registered on December 2, and the company paid ₹13 crore stamp duty for the transaction, showed documents accessed through CRE Matrix, a real estate data analytics firm. In October 2023, ET reported about the first ₹100-crore transaction in the same residential complex located at the Millennium City's Golf Course Road.

Paraguay expelled the eminent Chinese diplomat Xu Wei from the country pretty recently while accusing him of interfering in its domestic affairs and urging the nation to sever its long-standing ties with Taiwan, reported CNN. According to CNN, the Paraguayan Ministry of Foreign Affairs declared Xu Wei as persona non grata while totally revoking his visa and gave him just 24 hours to leave the country. Xu Wei was originally in Paraguay for a UNESCO meeting but eventually caused a diplomatic stir by visiting Congress where he reportedly pressured the lawmakers to choose between China and Taiwan while stating that ‘It is either China or Taiwan’. Paraguay is one of only 12 unique countries globally that actually recognizes Taiwan as a sovereign state and it still remains the sole supporter in South America, asserted CNN. The Paraguayan government has resisted all kinds of pressure from Beijing while at the same time several Latin American nations have already switched their allegiance from Taiwan to China in recent years.

The European Union has reached a blockbuster free trade agreement with Brazil, Argentina and the three other South American nations in the Mercosur trade alliance

Oil delivery to the Czech Republic from Russia through the Druhzba pipeline has resumed after it was interrupted two days ago, official said

Diverging performances once again dominated the quarterly earnings of Canada’s top banks, with just three of the six lenders beating analysts’ expectations.