Country Financial News

India is nearing the end of weeks-long election battle in the world's largest democracy, job talks are taking center stage with the Prime Minister and Opposition making opposite claims. BJP, the ruling party, led by Prime Minister Narendra Modi, is talking up good signs in employment, but the opposition, especially Congress leader P. Chidambaram, isn't buying it, asking tough questions and stirring up the conversation. In a recent chat with The Economic Times, PM Modi, who is seeking to return to power for a third term, boasted about job growth in India. “Look at the indicators which prove the job generation. The returns filed by individual taxpayers more than doubled from 3.36 crore in 2013-14 to 8.18 crore in 2023-24,” Modi said. Also Read: Is India suffering from an unemployment issue? PM Modi says the country is generating jobs

Rashtriya Swayamsevak Sangh (RSS) Sarsanghchalak Mohan Bhagwat arrived in Agartala on a five-day visit to Tripura. He attended a training programme for RSS cadres and karyakartas from the eight states in the northeast region. Sources said that Bhagwat would stay at the Seva Dham in Khayerpur on the outskirts of Agartala, where he attended the training programme.

Abki baar 400 paar slogan came from people's hearts. “From 2019 to 2024, we had 400 seats with the support of our allies. For example, if a child in your family scored 90 marks, and his competitors only got around 40 marks, you will always encourage your kid to achieve 95 marks next time.

UK general election gathers momentum after British Prime Minister Rishi Sunak surprised many this week with a snap summer poll on July 4, exactly a month after India's election results on June 4, the prospect of an India-UK free trade agreement (FTA) has been kicked into the long grass. While political analysts and strategic experts have expressed confidence that very little should change on the bilateral relationship front whatever the outcome in either election, the very small window that was open for a deal being clinched by the Sunak-led Tory government has now been swept away in the election wave of both countries. The Opposition Labour Party, in the lead in most pre-election surveys, has committed itself to «finish the job» but the timelines will remain uncertain for some time.

stocks, as the central bank's record dividend to the government kindled hopes of a reduction in the country's fiscal deficit. Stocks that were in focus include names like ITC, which rose 0.068%, KPI Green, which jumped 0.82%, and Grasim, whose shares rose 0.010% on Thursday.

Also read | Prashanth Prakash: Master Mentor For Lakshminarayanan, used to moving frequently and living in different countries, this unexpected start to his new role driven by the pandemic was just another problem that needed to be worked out. “You are just able to move on quickly," he says about the impact that constant travelling and moving have had on him.

BJP candidate from Chandauli Lok Sabha seat, Mahendra Nath Pandey, came out in praise of Prime Minister Narendra Modi while taking a swipe at the Congress' alleged poll promise of a nationwide wealth survey and redistribution, saying that the poor, farmers, women and youth should have first right on the country's resources. Pandey's response came on the heels of West Bengal Chief Minister Mamata Banerjee's defiant statement after the Calcutta High Court rendered all OBC certificates issued by her government since 2010 void. Hours after the high court scrapped OBC (Other Backward Classes) certificates issued in West Bengal after 2010, Mamata came out in opposition to the order saying that OBC reservation will continue and that she is prepared to move to higher courts if needed.

Republican presidential candidate Donald Trump claimed without evidence on Thursday that immigrants from Africa, the Middle East and elsewhere were «building an army» to attack Americans «from within,» once again using inflammatory rhetoric about migrants in the U.S. illegally. During a rally in the mainly Hispanic and Black neighborhood of New York City's South Bronx, Trump sought to portray migrants from China, the Democratic Republic of the Congo and other countries as a violent threat, even as studies show immigrants are not more likely to engage in criminality.

Ukraine's allies are looking for ways to squeeze money out of frozen Russian assets and use it to help Kyiv fend off Moscow's invasion

US Treasury Secretary Janet Yellen is rejecting a global wealth tax proposal championed by Brazil and supported by France and other G20 countries.

external affairs ministry has received a request from the Karnataka government to cancel the diplomatic passport of Janata Dal (Secular) MP and alleged sex offender Prajwal Revanna, and the matter is being «processed», said people familiar with the matter. «The ministry has received a letter from the Karnataka government for cancellation of diplomatic passport in respect of MP Prajwal Revanna. It is being processed,» said one of the persons, who did not wish to be identified. Revanna, who is seeking re-election to the Lok Sabha from Hassan as NDA candidate, left the country a day after the April 26 polls using a diplomatic passport.

goods and services tax (GST), said people familiar with the matter. Foreign airlines with offices in India have received GST notices over the past few months for non-payment of tax on import of services by Indian entities from their head offices. The issue has been referred to the fitment committee under the GST Council and the overall view is veering around to exempting the tax and giving relief to airlines, the people said. A final call on the clarification would be taken after the examination of the issue by the fitment committee, they said. «There is a grey area on the services from head office to branch office which is unique to both airlines industry and the shipping industry as it is difficult to determine place of service in case of maintenance and rental from one office to other,» a senior official told ET on condition of anonymity. The Directorate General of GST Intelligence (DGGI) last year issued notices to 12 foreign airlines on account of levy of GST on import of services by Indian branch offices.

Election Commission of India issued a notice to BJP chief JP Nadda directing him to restrain the party's star campaigners from making communal statements, Prime Minister Narendra Modi on Thursday alleged that for Congress and its allies, their vote bank is more important than the nation. «For Congress and Indi Alliance, more important than the country is their vote bank. They divided the nation for their vote bank… Created Bharat and two Muslim nations. Now, the Indi Alliance is saying the first right to the remaining resources of Bharat is of Muslims,» he alleged at an election rally in Bhiwani, Haryana. Modi also addressed a rally in Patiala where Preneet Kaur is the BJP candidate.

LinkedIn said it's reviewing the order of the ministry of corporate affairs (MCA) to determine its next move after the ministry slapped penalties totalling ₹27.1 lakh on the Microsoft-owned professional networking platform and top executives, citing violation of the significant beneficial owner (SBO) norms under the Companies Act, 2013. In an email reply to ET, a LinkedIn spokesperson said: «We comply with the laws of the countries we operate in.

The federal government plans to restore the rights of “lost Canadians” by allowing Canadians born abroad to pass down citizenship, even if their children were also born outside the country.

ALSO READ: IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soarsThis comes on the day the airline announced a record profit of ₹8,172.4 crore, not just the highest for the airline but the highest for any airline in India ever. The airline announced that it is taking the next step in IndiGo’s evolution.

Canada Pension Plan Investment Board’s exposure to investments in yuan has fallen by half in just two years, as the money manager pulls back in the world’s second-largest economy because of higher risks.

Retailers in the UK on Wednesday warned the public not to bulk-buy items after the government advised people to have three days’ worth of tinned food and water in case of an emergency. “While it is sensible to have some additional food at home, most households will find they already have sufficient non-perishables sitting in the cupboard,” said Andrew Opie from the British Retail Consortium, which represents supermarkets and other retailers, FT reported. The government has launched a ‘Prepare’ website. «Consider what supplies you and your household might need during an emergency lasting a few days, such as a power cut or water outage, or situations where you are advised to stay at home or to leave your home for safety reasons,» the website says.

Democratic People’s Republic of Korea, the citizens of this ‘hermit kingdom’ are in for a real shock. The state has introduced two new draconian laws which affect the citizen’s rights. The two new laws aim to curb South Korean influence in the north and another law is aimed at banning divorce.

Mehul Choksi, a key accused in the multi-crore PNB scam, has told a special court here that he hasn't been able to return to India «due to reasons beyond his control» and hence cannot be declared a "fugitive economic offender". The accused has claimed that he didn't leave India to avoid criminal prosecution nor is he refusing to return to the country. He said his passport has been suspended by Indian authorities. The businessman made these claims in an application filed on Wednesday before a special PMLA court, seeking directions for summoning documents concerning the suspension of his passport and investigation files of the Enforcement Directorate's (ED) case against him. The current proceedings against Choksi pertain to ED's plea to declare him a fugitive economic offender (FEO) and these documents need to be summoned «for fair adjudication of the matter», said the plea filed through advocate Vijay Agarwal.

Poco plans to sell 10 million mobile phones in two years and aims to be among top-five players from the third year onwards, a senior official of the company said on Thursday. Poco recently pipped OnePlus to capture seventh spot in overall smartphone category with 5.9 per cent market share and sixth position among Android smartphone brands, as per market research firm IDC. «We have very ambitious target for the next two years and we want to get into the 'big boys club', which means we want to hit 10 million-mark in sales and then challenging the top five brands in the next 2-3 year,» Poco India country head Himanshu Tandon said on the sidelines of Poco F6 smartphone launch event. As per IDC, Poco shipments in India grew by about 72 per cent year on year.