Country Financial News
03.05 / 14:22
markets
Food
Trade
country
information
Department
India now plans to reduce broken percentage in non-basmati rice exports amid food inflation woes
₹44.40 a kg, an increase of 13.10% on a year-on-year basis, according to consumer affairs ministry data as of Friday. Though food inflation in March eased slightly, inflation in rice remained significantly high at 12.7%, forcing the government to look for other ways to intervene in the market. The percentage of broken rice in parboiled rice as per a Directorate General of Foreign Trade (DGFT) notification is 15%.
03.05 / 14:22
Manufacturing
NOC
country
hospital
information
Pharmaceuticals
Centre takes away state powers for issuing NOC for export of drugs
NEW DELHI : The Union government has become the sole authority for issuing manufacturing licences for new drugs meant for exports, withdrawing the power from state governments amid heightened global scrutiny of Indian made drugs. The sole licensing authority from now on will be the Central Drugs Standard Control Organisation (CDSCO), India's apex drug regulatory body.
03.05 / 14:21
UPS
Provident
Manufacturing
Action
country
Department
EV makers get two-year reprieve on tax-credit restrictions
The Biden administration softened its proposed limits on tax credits for electric vehicles, letting consumers get up to $7,500 for cars containing Chinese graphite through 2026. That is a two-year extension before some of the most stringent supply-chain requirements kick in. The reprieve gives car manufacturers an easier than expected path to make and sell vehicles eligible for the full tax credit.
03.05 / 14:21
Election
students
country
reports
Colleges
Top News on May 3: Titan Q4 results, Rahul Gandhi's nomination from Raebareli, pro-Palestine protests and more
₹786 crore — a 7% YoY rise from ₹734 crore in the year-ago period. The company declared a dividend of ₹11 per share of ₹1 each. ALSO READ: Titan Result Highlights: Net profit rises 7% YoY to ₹786 crore, declares dividend of ₹11 per share Congress leader Rahul Gandhi filed his nomination papers from the family bastion of RaeBareli on Friday.
03.05 / 13:17
Racing
ICE
community
War
Pride
track
country
China launches moon mission in base race with US
SINGAPORE—Across China and among the global scientific community, Friday’s launch of a Chinese mission to collect samples from the moon’s far side has been hailed for its potential for a scientific breakthrough. But in the U.S., lawmakers and the National Aeronautics and Space Administration are closely watching the expedition with trepidation: as a milestone in a rival’s campaign to build a base on the moon’s most strategic location. The latest frontier of the U.S.-China technological Cold War orbits 240,000 miles above us.
03.05 / 13:17
UPS
Analysis
Freedom
country
reports
India ranks below Pakistan at 159 among 180 countries in World Press Freedom Index: 'Unofficial state of emergency'
ALSO READ:India slips 11 positions on World Press Freedom Index Meanwhile, Pakistan ranked seven spots above India at 152. It had ranked 150 in 2023. Norway topped the ranking , while Denmark was on the second rank in World Press Freedom Index.
03.05 / 13:17
students
country
innovations
Department
Videos
Colleges
MrBeast shares ‘life-transforming’ aspects of education in latest video, netizens say ‘absolutely blown….’
Ron Clark Academy is well-known for its strong academic credentials, with its students having a 100% graduation rate and more than 90% being accepted to higher-education colleges. Beast Philanthropy joined hands with telecommunications company Victra to start a new scholarship at the Ron Clark Academy and also sponsored the training of over 200 teachers, who got an opportunity to learn about innovative teaching methods with the organisation. Beast Philanthropy's 11-minute video on the Ron Clark Academy has earned more than 27 lakh views.
03.05 / 12:01
Provident
Election
President
country
"What to call a person who left battle in between...": Rajnath Singh takes jibe at Rahul Gandhi
Rajnath Singh on Friday took a jibe at Congress leader Rahul Gandhi for having chosen Rae Bareli instead of Amethi to contest in the Lok Sabha polls and said that everyone knows what do «we call a person who runs away from the battle in between». He was addressing a public meeting in Rohtak, Haryana for BJP candidate Arvind Sharma. «Rahul Gandhi has left the battleground and ran away to Wayanad. When his party wanted him to contest elections again from Amethi, he chose Rae Bareli. We all know, what to call a person who left battle in between,» he said.
03.05 / 12:01
markets
Man
Manufacturing
country
Latin
reports
Equality
'Over-regulation of the market': Rajiv Bajaj says taxes are too high on 2-wheelers as prices rise
«This kind of a dramatic change in price owes itself to many things, but most of all, over-regulation of the market,» Bajaj said while responding to reporters at the launch of the Pulsar NS400Z. He clarified that he did think that norms like BS-VI were good for the society. But at the same time, opined that the government should consider reducing the GST rates charged on these vehicles.
03.05 / 12:01
FIVE
Google
Action
security
Strategy
WhatsApp
country
Former Google techie offers survival tips for H-1B visa holders amid layoffs
H-1B visa is offering advice to fellow tech immigrants on LinkedIn. The Chinese national, who also experienced a layoff at Amazon previously, shared his strategies for weathering job loss. Having previously navigated a layoff in 2019 he took a proactive approach when he noticed Google initiating another round of job cuts. Seeing similar actions at other tech giants such as Amazon, Microsoft, Meta, and X (formerly Twitter), he realized that his own position could be at risk. Instead of waiting to be caught off guard, he chose to prepare in advance for the possibility of being laid off. His story underscores the unique difficulties encountered by H-1B visa holders during layoffs, where securing a new sponsoring employer is crucial for maintaining legal status in the country. He outlined five main strategies he employed to mitigate the impact. 5 tips the Google techie shared for H-1B visa holders in his post:
03.05 / 11:59
COST
UPS
Provident
country
reports
Consumer watchdog questions the tax benefits of $116B HSAs, industry hits back
There were around 36 million Health Savings Accounts in 2023, holding a total of more than $116 billion, but their tax benefits are being questioned by a consumer watchdog, sparking a robust response from an industry body.
03.05 / 08:55
markets
Digital
Progressive
Strategy
country
innovations
International
India’s crypto regulations can do with a HODL strategy
crypto asset market progresses, India finds itself at a pivotal juncture. There’s an opportunity to chart a course that delicately balances innovation in this nascent but super exciting sector, together with risk management, while drawing invaluable insights from the regulatory experiences of other nations. At the recent G20 Summit, India emerged as a leading advocate for standardizing regulatory frameworks for crypto assets on a global scale, championing international collaboration to address the inherently cross-border nature of crypto assets and the imperative to mitigate the macro-financial implications associated with them. Countries worldwide are making significant strides. Markets in Crypto-assets (MiCA), the EU-wide regulation, will come into effect this year. MiCA, once put into action, will have a broad scope of application within the crypto asset ecosystem. Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa, and South Asia (MEASA) region, enacted the world’s first Digital Assets Law. The UK government, which has a stated goal of being a global leader in Web3, has confirmed plans to regulate crypto assets through formal legislation in 2024 (It has said it intends to bring many crypto asset activities under the same regulations that govern banks and other financial services firms).
03.05 / 08:45
Citizens
Action
Election
Injustice
President
country
reports
‘Hindus given second-class status in West Bengal’: PM Modi slams TMC at election rally in Bardhaman-Durgapur
Also Read: 'Our votebank is every Indian': Congress President Mallikarjun Kharge writes letter to PM Narendra Modi “A TMC MLA gave an open threat. He said that they would drown Hindus in Bhagirathi in just 2 hours. What kind of language and political culture is this? What is happening to Hindus in Bengal? Looks like the TMC has made the Hindus second class citizens in West Bengal," ANI reported quoting Modi.
03.05 / 08:45
Strategy
Research
Tapestry
Diversity
country
innovations
MullenLowe Lintas Group commissions ‘State of States’, a pioneering study to deconstruct Indian cultures
As one of the most diverse nations in the world, India boasts a rich tapestry of cultures, traditions, and languages across its vast expanse. The dynamic nature of Indian society necessitates a comprehensive understanding of regional nuances to effectively engage with consumers.Through ‘State of States’, a first-of-its-kind research study, MullenLowe Lintas Group intends to deconstruct the 30 different cultures in India to have a far deeper understanding of the respective culture codes, tensions, and shifts that are happening, to craft brands of the future.
03.05 / 08:17
COST
Target
Experts
country
reports
Missile defence successes in Gulf, Ukraine fuel global urgency to acquire systems
ballistic missile defences facing their first complex, high-stakes combat scenarios in Israel, the Red Sea and Ukraine will encourage militaries globally to invest in the pricey systems, experts say — and intensify missile arms races. Iran launched as many as 120 intermediate-range ballistic missiles at Israel on April 13, U.S. and Israeli officials say. U.S. SM-3 and Israeli Arrow interceptors destroyed nearly all of them, leaving drones and smaller threats to the Iron Dome system. In previous months, interceptors fired from U.S. Navy destroyers stopped Houthi anti-ship ballistic missiles, while in Ukraine, U.S.-made MIM-104 Patriot batteries have shot down advanced Russian Iskander and Khinzal missiles.
03.05 / 06:51
Booking
country
reports
travelers
Courts
Videos
Investigations
Prajwal Revanna, JD(S) Lok Sabha candidate in Karnataka, booked for rape amid look-out notice in sexual abuse case
India Today report, Prajwal Revanna, the grandson of JD(S) patriarch and former Prime Minister HD Deve Gowda, has been named as the sole accused in the FIR. This is the second case filed against the Hassan MP after he fled the country on April 27, reportedly to Germany, soon after the Karnataka government formed an SIT.
03.05 / 06:39
markets
UPS
Strategy
War
show
country
International
regulatory
China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home
BEIJING — Chinese automakers, including state-owned auto giant GAC Group, can't afford to take it easy in the country's electric car boom if they want to survive.
03.05 / 06:15
Booking
Man
Fighting
performer
country
hospital
‘No one can call India 'banana' nation': BJP's Mumbai North Central candidate Ujjwal Nikam praises PM Modi
Also Read: Mumbai news: Woman, newborn die after BMC-run hospital performs C-section using flashlight; probe ordered "India's image that PM Modi has created across the world, no one can call our country a 'Banana' nation today... Home Minister has made it clear in the Parliament that old laws need to be changed, and he also changed a lot of them," Nikam told newswire ANI.
03.05 / 05:49
FIVE
Trade
President
War
country
As China's Xi Jinping visits Europe, Ukraine, trade and investment are likely to top the agenda
Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, as the Asian giant rebuilds its foreign relations after a prolonged absence during the Covid-19 pandemic. Xi will start the tour in Paris on Monday, meeting with French President Emmanuel Macron, who has been stressing the idea of European strategic autonomy from the U.S. On a visit to Beijing last year, Macron courted controversy by saying France would not necessarily always align with the U.S. in foreign policy, an apparent reference to American support for the self-governing republic of Taiwan, which China claims as its own territory to be annexed by force if necessary.
03.05 / 05:39
Citi
FIVE
Extreme
country
Department
prevention
NOT
Amid sizzling India and no rain, why Delhi is still not feeling the heatwave? Here's why
Delhi, known for its scorching summers, has surprisingly remained below 40 degrees Celsius, except for one day, despite severe heatwave conditions gripping parts of the country. The India Meteorological Department (IMD) noted that strong winds and cloudy skies due to five western disturbances in April have kept the temperature in check. Meteorologists attribute the absence of extreme heatwaves in Delhi to these weather patterns, which have prevailed since the third week of April. Kuldeep Srivastava, a scientist at the Regional Weather Forecasting Centre, IMD, explained, «April this year saw five western disturbances. No significant amount of rainfall was recorded due to these western disturbances, but there was cloudiness and strong winds on many days, which prevented a rise in temperature.»
03.05 / 05:25
COST
UPS
Citi
Trade
country
Gold and silver rate today on 03-05-2024: Check latest rates in your city
The price change in 24 carat gold in the last one week has been 1.23%, whereas in the last month it has been -4.02%. The cost of silver is Rs.83600.0 per kg up by Rs.700.0 per kg. Gold Rate Today in Delhi is ₹73681.0/10 grams.
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