Country Financial News

Public Sector Enterprises (PSEs). In the 2021-22 budget, the government announced plans to monetize potential core assets of the central government and PSEs. The National Monetisation Pipeline (NMP), developed by Niti Aayog in consultation with concerned ministries, aims to monetize assets over a four-year period starting from FY22, with assets tottaling Rs 6 lakh crore earmarked for monetization.

monsoon in many parts of the country has raised concern over the cultivation of kharif crops such as paddy, pulses and soyabean, even though experts still believe any shortfall can be largely mitigated if rainfall picks up by the first week of July. Soyabean Processors Association (SOPA) said only 10% of the area in Madhya Pradesh – the largest producer of the crop – has been sown for soyabean cultivation this year as compared to 50%-60% by this time last year while in West Bengal and Uttar Pradesh, a majority of farmers are waiting for rains to sow paddy. The pulses trade is worried about the impact of delayed monsoon on tur and urad crops, whose prices have gone up in the last two years due to less production and increased imports. Among pulses, tur, urad and moong are cultivated during the kharif season.

The price change in 24 carat gold in the last one week has been -0.1% .whereas in the last month it has been 4.18%.The cost of silver is Rs.88460.0 per kg up by Rs.640.0 per kg. Gold Price Today in Delhi is ₹73210.0/10 grams. Yesterday’s Gold Price on 19-06-2024 was ₹73519.0/10 grams.

In 1991, the Indian government articulated a ‘Look East’ policy to build extensive economic and strategic relations with its eastern neighbours and Southeast Asia. This was different from the traditional ‘West facing’ outlook, in which we looked to learn from Europe and North America. With the age of AI upon us, India is considering how it should both foster and regulate this powerful new technology which can reshape industry, society and geopolitics.

Russian President Vladimir Putin is in Vietnam to strengthen ties with its longtime partner in Southeast Asia at a time when Moscow is facing growing international isolation because of its military actions in Ukraine

State Bank of India is set to raise long-term bonds of ₹20,000 crore this fiscal via public issue or private placement of bonds, the bank said in an exchange notice. SBI is the country's largest lender and public sector bank (PSB). Last week, SBI concluded the issuance of $100 million foreign bonds that are to be issued through SBIs' London branch on 20 June 2024.

government over the next five years, even as the country remains the world's fastest-growing major economy, according to policy experts polled by Reuters. Asia's third-largest economy grew more than 8% last fiscal year, driven by government capital expenditure that so far has failed to spark sufficient business spending to create enough work, particularly for young people in a country of 1.4 billion. Prime Minister Narendra Modi's Bharatiya Janata Party lost the parliamentary majority it has held for the past decade in national elections that ended in early June over widening inequality, relentless inflation pressure — particularly on food — and a lack of well-paying jobs.

engineering goods export to the US continues to decline, the Indian government has agreed to study the possibility of signing an FTA (free trade agreement) with Mexico as several US companies, including Tesla, have set up manufacturing bases there. Indian industry wants to access the US market by having an FTA with Mexico as the US is the top destination for India’s engineering exports. Pankaj Chadha, senior vice chairman, Engineering Export Promotion Council (EEPC) said, “Most of the USA’s manufacturing has shifted to Mexico, including Tesla’s new plant. And the only way for India to increase our engineering goods export to the USA is to have an FTA with Mexico.” EEPC, a body affiliated with the commerce ministry, represents one fourth of India’s engineering exports, while engineering goods account for 25% of the merchandise exports from India.

Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe. A total of 8.8 billion euros will come from Amazon's cloud computing division AWS and will be invested in southwest Germany by 2026, with the rest going into logistics, robotics and company offices.

North Korea reached by their leaders requires the countries to use all available means to provide immediate military assistance in the event of war, North Korean state media said. The North's official Korean Central News Agency on Thursday reported the language of the comprehensive strategic partnership agreement reached by its leader Kim Jong Un and Russian President Vladimir Putin in Pyongyang on Wednesday. The agency said Article 4 of the agreement states that if one of the countries gets invaded and is pushed into a state of war, the other must deploy «all means at its disposal without delay» to provide «military and other assistance.» The deal could mark the strongest connection between Moscow and Pyongyang since the end of the Cold War. Both Kim and Putin described it as a major upgrade of their relations, covering security, trade, investment, cultural and humanitarian ties.

Canada’s population surpassed 41 million in April, just 10 months after it hit 40 million in June 2023.

Kim Jong Un is not healthy. According to 'The Hill', former CIA North Korea analyst Sue Mi Terry has said that the leader of the communist country does not look healthy in the video footage of him meeting Russian President Vladimir Putin. This revelation has come at a time when the supremer leader has signed a new treaty with Moscow and vowed to work closely together against international sanctions. What former CIA analyst has said

₹76,220 crore port in Maharashtra that will boost cross-border trade and a ₹2,869.65 crore expansion of the airport at Varanasi—Prime Minister Narendra Modi's parliamentary constituency. It also decided to increase the minimum support price for kharif crops and approved funds for a forensic university, Information and Broadcasting minister Ashwini Vaishnaw told reporters after the meeting.Read Also: In 100-day agenda, food processing ministry to incorporate reduction of food wastage in supply chainVaishnaw said the proposed “all-weather greenfield deepdraft major port" at Vadhavan in Maharashtra will be one of the top 10 ports in the world.The project will be carried out by Vadhavan Port Project Ltd (VPPL), a company set up by the Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB) with a shareholding of 74% and 26%, respectively.The project cost includes land acquisition and infrastructure building.

The U.S. chipmaker onsemi is planning a multi-year investment of up $2 billion in its production facility in the Czech Republic

The International Monetary Fund (IMF) has conducted a survey of 19 countries in the Middle East and Central Asia, exploring the adoption and potentials of central bank digital currencies (CBDCs).

Mint. Around 50-60% of the new centers would be set up in these states, he added. The move aims to expand IPPB's digital payment channels to serve its 90 million customers.Transactions by IPPB customers have increased tenfold to 10 million per day over the past three and a half years, with 80-90% of these transactions serving its rural customer base, and 5-10% catering to semi-urban areas.

Sorn, the 2-Michelin star restaurant housed in a beautiful 90-year-old building in Bangkok's central Khlong Toei district. The interiors are luxurious, and the seating arrangement is unique. Diners are divided into several dining rooms, some offering great views of the kitchen. Owners Khun Ice and Chef Yod, both from south Thailand, source almost all ingredients from that part of the country. Sustainability is important, so they only purchase produce from their own network of farmers and anglers from 14 southern Thai provinces. The cooking is Thai — refined, elegant and delicious. Clay pot cooking, leaf-steaming and charcoal grilling is the norm. Each meal is elaborate — 14 courses with over 22 dishes.

EU’s recently passed regulation, Ecodesign for Sustainable Products Regulation (ESPR) will lead to high costs and hurt exports from developing countries, economic think tank Global Trade Research Initiative (GTRI) said Wednesday. The ESPR mandates that imported products meet stringent sustainability standards, including a Digital Product Passport for traceability. ESPR will cover all products by 2030 but would begin with regulating items such as textiles, furniture, mattresses, tyres, detergents, paints, lubricants, iron and steel from January 2026. “ESPR will lead to high costs of products because of changes needed in production processes. Since most products covered are consumer products, the price rise may lead to inflation in the EU,” GTRI said.

ease of doing business, Jan Vishwas 2.0, World Bank’s upcoming B-READY index, and the national single window system, were discussed at a meeting chaired by department for promotion of industry and internal trade (DPIIT) secretary Rajesh Kumar Singh on Wednesday. Officials said that this is the first of such interactions with industry and other stakeholders. “We have taken inputs on many issues like reducing compliances and ease of doing business forward,” said an official.

forensic infrastructure in the country, Prime Minister Narendra Modi-led Union Cabinet on Wednesday approved a new scheme 'Central Sector Scheme “National Forensic Infrastructure Enhancement Scheme” (N.F.l.E.S.)' with financial outlay of Rs.2254.43 crore. The Cabinet has approved the following components under this Scheme:

Euro 2024 Group B match on Thursday. Spain won the UEFA tournament thrice, while Italy lifted the coveted trophy twice. Both teams have illustrious history at Euro, as Spain is the only team to become champions on two successive ocassions — 2008 and 2012. If Italy wins the trophy this year, then they will equal Spain to become second team to defend the title.