Country Financial News

COP, the annual climate catharsis festival. This year's group event is set to happen at Baku's Olympic Stadium in oil-and-gas-rich Azerbaijan from November 11 to 22. Olympic Stadium… hang on, did the ex-Soviet Union state ever...? No, the country has never hosted the 'pics.

compensation to the next of kin of Agniveer Ajay Kumar intensified on Friday with Rahul Gandhi reiterating that the martyr's family had not got compensation till date and alleged that the Modi government was discriminating against the Agniveers. The Congress leader also shared a video on X purportedly of the father of a deceased Agniveer who stated that his family got Rs 50 lakh as insurance from a private bank and 48 lakh from the Army Group Insurance Fund. Gandhi said in the video that the martyr's family had not got compensation and asked why they have not got ex-gratia payment. He asked why salary arrears have not been received in the bank account of the martyr's family.

Congress President Mallikarjun Kharge on Monday took potshot at Prime Minister Narendra Modi's statement that last 10 years of his rule was just a trailer and 'picture abhi baaki hai', saying the third term of NDA has seen exam paper leaks, terror attack in J&K, train accident, airport canopy collapse, bridges cave-ins and toll tax hike. Participating in the discussion on the Motion of Thanks to the President's address in the Rajya Sabha, Leader of Opposition Kharge said the prime minister during the Lok Sabha election campaign stated many times that «pichle 10 saal toh bas trailer tha, abhi asli picture baaki hai» (last ten years was just a trailer, the real picture is yet to come). «How the PM's picture would be, we have been able to imagine in the last one month,» Kharge quipped. Listing out many recent incidents, Kharge pointed out that there have been exam paper leaks, cancellation of many examinations, train accident, three terror attacks in Jammu & Kashmir, leakages in Ram temple, collapse of canopy at three airports, increase in toll taxes and depreciation of rupee.

commerce ministry has sought views of different departments on proposed measures to revive special economic zones and facilitate business transactions between SEZ and the domestic market, a senior official said on Monday. The official said that the ministry has suggested allowing the sale of products manufactured in Special Economic Zones (SEZs) in the domestic market on payment of duty foregone on inputs as that would help promote value addition. «The main issue in SEZs is that we are not able to get economies of scale. The connect between SEZs and the domestic tariff area (DTA) or domestic market has to be improved. There are also issues if DTA is selling to SEZs,» the official said. «So we have suggested duty foregone basis sales. There are also issues with regards to job work. For example if an IT firm has to get some work from the domestic market, they need permission. We have sent a draft cabinet note,» the official added.

critical minerals and their processing besides battery production, Commerce Secretary Sunil Barthwal said on Monday. Both countries have signed an interim free trade agreement and are in negotiations to expand that into a comprehensive pact, he said. «We are looking at how we can integrate our (India and Australia) economies in terms of battery production, in terms of mineral production, in terms of mineral processing, in terms of vehicle production,» the secretary said here at a conference on the roadmap for vehicle electrification. He also said that the government has taken a series of steps to promote domestic manufacturing of electric vehicles (EVs) and strengthened the ecosystem around that like boosting charging infrastructure.

AS PER Section 139 of the Income Tax Act, 1961 (ITA), individuals are mandatorily required to file an income tax return if they hold, as a beneficial owner or otherwise, any asset (including any financial interest in any entity) located outside India. It also includes those having signing authority in any account located outside India, or are beneficiaries of any asset (including any financial interest in any entity) located outside India.

Dalit Kitchens of Marathwada, the English translation of his 2015 Marathi book, Anna He Apoorna Brahma. This is pertinent in the context of the regular debates that rage in the country about vegetarian and non-vegetarian dietary habits, notions of purity and ethics of food, and the idea of free will. Yet, while discussing the culture of food, we tend to ignore why certain communities eat the way they do—is it out of choice or compulsion? Patole writes that food habits and caste cannot be separated in Indian culture.

It isn’t hard to understand that global warming is already changing how we live. In India’s capital, New Delhi, this summer has been so hot—above 40° Celsius even at night—that people are gasping, tap water is scalding and the walls of their homes emit heat like radiators. The Saudi Arabian authorities said that 1,300 pilgrims have already died on this year’s Hajj.

DMK on Monday dubbed the NEET as an 'industry' created for the 'welfare' of coaching centres that rake in 'several lakh crores' and said Tamil Nadu was the first state to make this clear and major parties at the national level now raise their voice against the test. Pointing to the arrest of several people and searches by the CBI in connection with NEET-UG irregularities, DMK Tamil mouthpiece 'Murasoli,' said BJP's partner, JD(U) itself has passed a resolution over the irregularities. «India's major parties have started to raise their voice against NEET.» The DMK is for a debate in both the Houses of Parliament over NEET irregularities and Leader of Opposition in Lok Sabha Rahul Gandhi has said that the issue should be deliberated. Days ago, in the state Assembly, Minister for Sports and Youth Welfare, Udhayanidhi Stalin spoke on the 'Dravidian Algorithm,' explaining that Tamil Nadu understood much ahead of other states whether 'NEET is good or bad.' Similarly, Tamil people understood before others on why 'Hindi imposition' must be opposed.

Oil prices edged up in early trade on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains. Brent crude futures rose 16 cents, or 0.2%, to $85.16 a barrel by 0032 GMT, while U.S. West Texas Intermediate crude futures were at $81.71 a barrel, up 17 cents, or 0.2%.

BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash in an expansion by the world's biggest asset management company into the private markets data segment. BlackRock said in a statement that the acquisition would complement its Aladdin tech business by bringing together data, research, and investment process for fund managers.

BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash in an expansion by the world's biggest asset management company into the private markets data segment.

Mahayuti coalition government in Maharashtra marks the anniversary of the completion of two years, Maharashtra Chief Minister Eknath Shinde said on Sunday that in the last two years, the Mahayuti government has done a lot of work, whether it is about roads or metros.

North Korea test-fired two ballistic missile Monday, South Korea's military said, a day after the North vowed «offensive and overwhelming» responses to a new US military drill with South Korea and Japan. The Joint Chiefs of Staff said the missiles were launched 10 minutes apart in a northeastern direction from the town of Jangyon in southeastern North Korea.

education has petered off a little in the light of job shortages, visa issues and higher living expenses abroad, many a parent is continuing to save for this goal without considering either the financial feasibility or practical problems of living and finding employment in these destinations. If you, too, are looking at this option, it is important to check if this goal is worth the effort you may be putting into it. Since this decision has the potential to wreak havoc with your finances and create uncertainty for your child, it’s best to consider the following factors before you proceed.

progress on achieving the Sustainable Development Goals by 2030 remains uneven, slow and mostly elusive. The United Nation's annual report card, Sustainable Development Goals Report 2024, launched in New York on Friday, finds only 17 % of the SDG targets are currently on track, with nearly half showing minimal or moderate progress, and over one-third stalled or regressing. «The world is getting a failing grade,» said UN Secretary-General Antonio Guterres. «The takeaway is simple: Our failure to secure peace, to confront climate change and to boost international finance is undermining development. We must accelerate action for the Sustainable Development Goals — and we don't have a moment to lose.» Between 2015, when countries adopted the SDGs to 2019, there were marked gains and improvements though these too were insufficient to achieve the goals by 2030. However, the COVID-19 pandemic and its lingering impacts, the energy, food and economic crisis resulting from the wars and escalating conflicts, geopolitical tensions and growing climate chaos have severely hindered progress.

Hardik Pandya is bowling the last over and, well, he is no Jasprit Bumrah. David Miller, the man on strike, is one of the best finishers of the T20 game. One big hit and the match yet again drifts South Africa's way.

skills development and entrepreneurship will come up with a new policy on skilling to replace the National Policy on Skill Development and Entrepreneurship, 2015, almost 10 years after the policy was launched to impart skills training in the country. The move is aimed at giving a renewed push to skilling in India while aligning it to the new age skills.

investment destination is doing extremely well with the country witnessing high foreign remittances, foreign direct investment (FDI) and foreign institutional investment (FII) inflows, commerce and industry minister Piyush Goyal said.

India's stupendous victory in the T20 World Cup final has electrified the nation. This celebration in the team's prowess in the country's favourite sport is well-deserved and very well understandable.