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₹34,805 crore in FY24. The government expects this number to almost double in FY25. Back of the envelop calculations showed private investments were at ₹20,000 crore in FY23.

₹1 trillion in premiums, growing by 20.2%. Yet, 73% of India's population lacks health insurance. With medical inflation at 14%, promoting health insurance is critical.

India slips 10 spots since 2019 on WEF’s travel & tourism ranking despite growth However, it is a very employment-intensive sector. The 2022-23 Periodic Labour Force Survey (PLFS) indicates that its share in employment is 5.5%: i.e., more than five times its share in GDP. Also, tourism has strong linkages with allied sectors in terms of both output and employment.

Lynas Rare Earths plans to separate two heavy rare earths used in electric vehicles and electronic gadgets at its plant in Malaysia, a step that could help to loosen China’s grip on markets for the critical materials. The Australia-listed company has designed a new process that will for the first time produce separated dysprosium and terbium at the plant, from which it ships rare-earth materials to customers in the U.S., Europe and East Asia. China essentially refines all the world’s heavy rare earths today.

A report by a U.N. expert on human rights says that Thai banks have become the main supplier of international financial services for Myanmar’s military government, enabling it to purchase goods and equipment to carry out its increasingly bloody war aga...

South Korea, the United States and Japan kicked off major new military exercises on Thursday, Seoul's Joint Chiefs of Staff said, as the allies seek to counter growing threats from Pyongyang. The drills, dubbed «Freedom Edge», will focus on ballistic missile and air defences, anti-submarine warfare and defensive cyber training, among other areas, the JCS said in a statement. The three countries' leaders held a summit last year and agreed to conduct drills every year to demonstrate unity in the face of North Korea's nuclear threats and China's rising regional influence.

An entire chapter of the Hells Angels motorcycle club has been arrested in California as part of a kidnapping, robbery and assault probe, authorities said Tuesday.

Global Liveability Index 2024. Find out which cities make the cut and why they shine as the best places to call home. For the third year in a row, Vienna, Austria, has been crowned the world's best city to live in. With flawless scores in stability, healthcare, and education, Vienna is lauded for its unparalleled mix of cultural vibrancy and top-notch public services. Meanwhile, according to the report, Pakistan’s Karachi, and Bangladesh’s capital Dhaka are amongst the least liveable cities in the world as they feature in the bottom 10 of the list.

«But all in all, I think it is something that in this business it happens from time to time. We are well positioned to handle this situation and our response being done quickly is one of the important guidelines that we have shown that we are aware of this, we are well entrenched in this business and our ability to react is very important,» says Ittira Davis, MD & CEO, Ujjivan SFB. You have cut the loan growth guidance for FY25 and if we understand correctly, that is largely on the back of the concerns in the MFI segment. Can you just clarify and elaborate as to what is the reason for the same? Ittira Davis: Yes, we have revised the guidelines and the guidance on Friday and that is, as you rightly said, primarily due to the microfinance portfolio and the stress that we have seen in pockets across the country and we feel that that stress will prevail for part of this year and therefore the credit cost has been moved up to 1.7% from a higher range of 1.5.

gold in the last one week has been 1.66% whereas in the last month it has been 2.14%.The cost of silver is Rs.87120.0 per kg down by Rs.1570.0 per kg. Gold Price Today in Delhi is ₹73120.0/10 grams. Yesterday’s Gold Price on 26-06-2024 was ₹72689.0/10 grams.

dangerous levels of heat. This year is no exception—indeed, it carries the trend further. In Saudi Arabia more than 1,300 pilgrims died during the hajj , the pilgrimage to Mecca, as temperatures exceeded 50°C.

Amartya Sen, commenting on the recent Lok Sabha election, said on Thursday that the results indicate India is not a 'Hindu Rashtra'. He criticised the practice of incarcerating people without trial, which he said has persisted from the British era and has become more prevalent under the BJP government compared to the Congress regime. Sen also addressed issues of wealth disparity, political openness, and secularism. Sen arrived in Kolkata from the US on Wednesday evening and shared his views with a Bengali news channel at the Netaji Subhas Chandra Bose International Airport. «That India is not a Hindu Rashtra only has been reflected in the election results,» Sen remarked.

anti-conversion laws, hate speech, and demolitions of homes and places of worship for members of minority faith communities in India, US Secretary of State Antony Blinken has said. In his remarks at the release of the annual State Department report on international religious freedom, Blinken said on Wednesday that at the same time, people around the world are also working hard to protect religious freedom. The report stated that senior US officials continued to raise concerns about religious freedom issues with their Indian counterparts in 2023. «In India, we see a concerning increase in anti-conversion laws, hate speech, demolitions of homes and places of worship for members of minority faith communities. At the same time, people around the world are also working hard to protect religious freedom,» the secretary of state said.

centre of excellence to work on research and development in digital public infrastructure (DPI) and digital public goods (DPG), people in the know told ET. “There are a lot of applications in the DPI space built on top of the protocols developed by both the public and private sectors. What is needed now is participation from universities and colleges, research institutes and academics on various innovations that can be done in the existing models,” an official said.

Kenya's president says he won’t sign into law a finance bill proposing new taxes that prompted thousands of protesters to storm the parliament on Tuesday

North Korea said Thursday it had successfully tested a multiwarhead missile, a sophisticated weapon coveted by leader Kim Jong Un to overwhelm missile defenses in the continental United States. The statement contradicted South Korea's assessment of a failed launch Wednesday of a different type of weapon. The launch tested the separation and guidance control of individual mobile warheads to ensure the capability of the Multiple Independent Reentry Vehicle, the North's official Korean Central News Agency said. The separated mobile warheads «were guided correctly to the three coordinate targets» and a decoy that separated from the missile was verified by radar, it said. It was North Korea's first known launch event related to the development of a multiwarhead missile, though outside experts believe it was a preliminary test.

₹15,000-crore viability gap funding (VGF) plan for companies to shift to greener vessels for inland water transport over the next 10 years, said two persons aware of the development. “The concept of VGF and other incentives for turning Indian maritime segment green is under formulation and consideration," one of the people cited above said on condition of anonymity, adding that the Inland Waterway Development Council (IWDC) is working on finalizing the scheme for this green transition, which would be similar to the FAME scheme for promotion of green automobiles.

Mint looks at issues surrounding poverty measurement and the need for having a more modern model. Poverty is measured by first arriving at a poverty line, the minimum level of income required to buy bare minimum necessities and then identifying those who fall below it by looking at household consumption surveys. The poverty threshold varies from country to country according to people’s social and economic conditions.

State Bank of India on Wednesday raised ₹10,000 crore through a sale of infrastructure bonds, with the lender's first debt issuance of the current financial year witnessing firm demand from the investors. Separately, ICICI Bank is likely to carry out a sale of infrastructure bonds on June 28, with the private lender looking to raise up to ₹3,000 crore through 10-year securities, debt capital market sources said.

Canada’s decision to provide billions of dollars’ worth of incentives to companies building battery plants could bolster the manufacturing sector, but may not be the ideal move to boost the country’s overall productivity levels that have been on the decline, says a new report by the Conference Board of Canada.

Payne Capital Management President Ryan Payne breaks down the latest data on the auto industry during an appearance on «Mornings with Maria.»