Country Financial News

political parties to come forward to realise the dream while contending that frequent polls were creating hurdles in the nation's progress. Addressing the nation on the 78th Independence Day, he said extensive consultations have been held across the country on the issue and all political parties have given their views while a committee has submitted an excellent report. "Frequent elections are creating hurdles in the progress of the nation. It has become easy to link any scheme/initiative with elections. There are elections somewhere every three to six months. Every work is linked to elections," Modi said from the ramparts of the Red Fort. «The nation has to come forward for one nation, one election,» he said.

77 years in various fields. This period has seen India transform dramatically, marking substantial progress in agriculture, space, sports, academia, industry, and cinema. The nation's remarkable journey is attributed to visionary pioneers, resilient individuals, and innovative minds who continue to shape its future. Statistics offer milestones that reflect India's advancement. However, numbers alone cannot fully capture the triumph of the human spirit that has driven this progress. The country has seen pioneering men and women daring to dream, institutions being nurtured against daunting odds, and innovators remaking India with hope and energy.

China's economic recovery in July, according to data released Thursday by the National Bureau of Statistics. Unemployment rose for the first time since February, clocking in at 5.2%, compared to 5% in June. Industrial production also rose more slowly than the previous month, showing a 5.1% year-on-year increase in July, compared to a 5.3% rise in June.

Chinese EVs and Indian container shortage have in common? In one word, everything. With the US imposing a 100% anti-dumping duty on Chinese electric vehicles from August 1 and several countries in Europe planning to follow suit in September and October, the Chinese EV industry has been on production overdrive to ship as many vehicles as possible before the duty deadline. This pile up of inventory has clogged an already stretched logistics network. Siddharth Jairaj, CEO, TVS SCS global forwarding solutions said, “Because of the anti-dumping duties, China has been shipping out huge numbers of electric vehicles since April and May to beat the duty deadlines. So global nodal ports like Singapore and Colombo and clogged.” As containers are being diverted to cater to “Chinese inventory, the port congestion is spreading and has now hit India too,” he added.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Hindu minority community in Bangladesh, RSS chief Mohan Bhagwat on Thursday said Hindus living there were being subjected to violence for no reason, and added that our country has the responsibility to ensure they do not face any injustice and atrocities. He was speaking after hoisting the national flag at the Rashtriya Swayamsevak Sangh (RSS) headquarters in Mahal area here on the occasion of Independence Day. «The coming generation has the duty to protect the 'swa' of the 'swatantrata' (freedom) because there are always people in the world who want to dominate other countries and we have to be alert and careful, and protect ourselves from them,» he said.

India's renewable energy storage capacity is expected to surge 6 GW by fiscal 2028 from less than 1 GW operational as of March 2024, driven by a robust pipeline of projects under implementation, said Crisil Ratings. Such an increase is crucial to sustainably absorb the rising share of renewable energy in the country's overall power generation mix. Despite slow progress on project implementation, the government's push to develop renewable energy power and tariffs for round-the-clock renewable energy, discovered in the last two fiscals, being comparable with other sources of round-the-clock power — improves confidence around adoption, said the rating agency.

Poorna Swaraj, as was the goal of the Indian National Congress, on August 15, 1947. Jawaharlal Nehru's famous uttering in his Independence Day speech, «At the stroke of the midnight hour, when the world sleeps, India will awake to life and freedom», was only partially accurate in describing the occasion. Also Read: Videshi to Swadeshi: Brands that propelled journey towards Atmanirbharta Instead of Poorna Swaraj, India got the dominion status which did not mean an independent country as most of us believe India to have become in 1947. Though India became a self-governing entity, it was still under British control in several ways. Interestingly, the Congress had been against the dominion status yet accepted it, ostensibly because it was to lead to complete independence later but also because the dominion status could have helped the first government, which was not directly elected, take hold of society and economy with the help of prevailing British laws which gave it more power of people.

nepotism in Indian politics, Prime Minister Narendra Modi during his Independence Day speech called for inducting fresh blood into the country's system of people with no familial background in politics. PM Modi gave a call to bring one lakh youth into the political system, specifically those with no history of politics in their families. Addressing India's 78th Independence Day speech, Modi said this initiative was aimed at fighting the evils of nepotism and casteism and inducting fresh blood into India's polity. Leader of Opposition and Congress member Rahul Gandhi, often a target of the Bharatiya Janata Party's criticism against nepotism in India's politics, was also in attendance at the event.

Antony Blinken, extended wishes to India on the occasion of the 78th Independence Day on Thursday. Blinken said that the US celebrates the 'rich and diverse history' of the Indian people on the country's Independence Day, which is celebrated on August 15 every year. «On behalf of the United States of America, I congratulate the people of India as they celebrate the anniversary of their country's independence on August 15. On this momentous day, we celebrate the rich and diverse history of the Indian people and the bright future of US-Indian relations,» Blinken said in a press statement, according to the US Department of State.

Independence Day in India, a day to honor and remember the sacrifices of the freedom fighters. In celebration of India's 78th Independence Day, we present notable quotes and slogans by freedom fighters, along with poster drawing ideas and captions for this significant national day. Independence Day in India is a time to pay tribute to the countless freedom fighters who fought for the country’s independence. As citizens reflect on their sacrifices, various quotes and slogans from these fighters serve as an inspiration and reminder of the relentless struggle for freedom. Freedom fighter quotes offer timeless wisdom and patriotic fervor. Mahatma Gandhi once said, “Let us all be brave enough to die the death of a martyr, but let no one lust for martyrdom.” Another profound quote by Bal Gangadhar Tilak reads, “Swaraj is my birthright, and I shall have it!” Reflecting on the price of freedom, Rabindranath Tagore stated, “We gain freedom when we have paid the full price.”

Prime Minister Narendra Modi, in an indirect attack on the opposition, said on Wednesday that while the nation is moving forward with a unified resolution, some people cannot «tolerate» the progress. «We are moving forward with the same resolution, but there are some people who cannot tolerate progress or think of India's progress unless it benefits them. They want anarchy. The country needs to protect itself from this handful of pessimistic people,» the Prime Minister said during his address from the Red Fort on the occasion of the 78th Independence Day. PM Modi noted that there are both external and internal challenges, and more such challenges are bound to come. «I want to say to such forces that India's development will not pose a threat to anyone. The world should not worry seeing India's development,» he added.

Narendra Modi on Thursday said many global companies want to invest in India and asked the state governments to compete among themselves to attract them. Addressing the nation from the ramparts of the Red Fort on the 78th Independence Day here, Modi said most of the people he met in his third term wanted to invest in India. «It's a golden opportunity» to make India a hub of global manufacturing, he said, and called upon state governments to make polices to attract investment, while ensuring good governance and law and order. Modi also said the country needs to work on "Design In India" and «Design for the World».

Southeast Asia is among the regions most prone to natural disasters, but a new analysis released Thursday shows its people also feel the best equipped to deal with them. It seems logical that the countries in and around the Pacific Ring of Fire, vulnerable to earthquakes, typhoons, storm surges and other dangers, are also the best prepared, but the survey by Gallup for the Lloyd's Register Foundation shows that's not always the case in other regions. «Frequent exposure to hazard isn't the only factor that determines how prepared people feel,» Benedict Vigers, a research consultant with Gallup, told The Associated Press.

Bangladesh to improve soon even as he expressed concern over the safety of Hindus and other minorities in that country. In his Independence Day address from the ramparts of the Red Fort, Modi said India will always be supportive of Bangladesh's growth and development. «India always wants our neighbouring countries to march in the path of prosperity and peace. We are committed to peace,» Modi said.

Rahul Gandhi, the Leader of the Opposition in the Lok Sabha, participated in the Independence Day celebrations at New Delhi's Red Fort on Thursday. Prime Minister Narendra Modi delivered his address to the nation during the event. This marks a significant moment, as it is the first time a Leader of the Opposition has attended these celebrations in recent years. The position had remained unfilled since 2014 due to the lack of sufficient representation from opposition parties in the Lok Sabha.

Prime Minister Narendra Modi on Thursday said that his government has taken big steps to boost infrastructure in the country in the last 10 years. Addressing the nation from the ramparts of the Red Fort on the 78th Independence Day, the prime minister said,«There has been tremendous progress in infrastructure in the last ten years. We have also given priority to ease of living.» He said four crore houses have been constructed by his government, and three crore more are on the way. «We have taken big steps to boost infrastructure in the country in the last ten years,» the prime minister said.

Independence Day speech this morning, Prime Minister Narendra Modi made a compelling case for a Uniform Civil Code. He said the laws that create divisions within the country are outdated and should be abolished in a modern society. Addressing the nation from the Red Fort, Naredra Modi said there have been many discussion on Uniform Civil Code in the past and it the «need of the hour» to have a secular civil code in the country that should be ‘secular’ and not ‘discriminatory’. “There should be discussions on the Uniform Civil Code. The present civil code appears to be ‘communal’. India needs a ‘secular’ civil code. It is need of hour to have a secular civil code and do away with discriminatory communal civil code,” Modi said in Independennce Day speech, over two months after returned to pwoer for a record-equalling third term.

publicise punishments given for atrocities against women, so that there is a fear of consequence. Addressing the nation from the ramparts of Red Fort on 78th Independence Day, Modi said his government has worked on a «women-led development model,» but he was still concerned over incidents of rape and violence against women. The Prime Minister said there is anger among people against such incidents. «We have worked on a women-led development model. Whether it is innovation, employment, entrepreneurship, in every sector women are marching ahead,» Modi said.

self-help groups and have become integral to family decision-making, contributing to broader social change, Prime Minister Narendra Modi said on Thursday. On the occasion of the 78th Independence Day, Modi addressed the nation from the ramparts of the Red Fort and hailed women empowerment. «We are proud to see that women are becoming economically self-reliant,» Modi said. «When women become self-reliant, they participate in family decision-making processes, which will ensure significant social transformation,» he said.

Mint on Wednesday in response to a questionnaire. After Hindenburg's Mauritius claim, the island country's financial services regulator in a press statement on Tuesday denied the fund being registered there. “We wish to clarify that IPE Plus Fund and IPE Plus Fund 1 are not licensees of the FSC and are not domiciled in Mauritius," the Mauritius Financial Services Commission said in the statement.