Country Financial News
01.05 / 06:17
markets
Provident
Fox
Research
Bill
Trade
country
New era for pot regulation leaves old problem: Many cannabis companies can't find a bank
The Biden administration’s move to reclassify marijuana as a less dangerous but still controlled drug was hailed as a monumental step in reshaping national policy
01.05 / 06:17
Waters
Research
Simulation
trends
show
country
NOT
Study says El Nino, not climate change, was key driver of low rainfall that snarled Panama Canal
A study says the climate phenomenon known as El Nino and not climate change was a key driver in low rainfall that disrupted shipping at the Panama Canal last year
01.05 / 05:59
Election
WhatsApp
country
Schools
Videos
peace
AIMIM, Congress have been winning polls by "spreading hate and terrorising people": Madhavi Latha
Hyderabad Lok Sabha, Madhavi Latha slammed AIMIM and Congress, alleging that they have been winning polls by «spreading hate and terrorising people». «I am surprised that Rahul Gandhi, whose team morphs videos and tries to bluff people, whose party comes into coalition with unknown understandings with parties like AIMIM who give speeches filled with hatred, he cannot talk about peace and bringing unity in the nation,» said Madhavi Latha told ANI. When asked about Asaduddin Owaisi's statement, Madhavi Latha said, «I would only want to say that AIMIM, like Congress, has only been winning the seat by spreading hate and by terrorising people who honestly want to vote… They take control of polling stations and cast bogus votes. History tells, us that if in the history of elections in India, if someone got 110% of the votes, it was the AIMIM… Where are the extra 10 % coming from?»
01.05 / 05:59
Election
Diversity
country
reports
Interviews
cricket
NOT
If Hindus still in danger after decade of BJP rule, it should not return to power: Kirti Azad
Kirti Azad sought to poke holes in the BJP's Hindu nationalism plank, saying if the saffron party persists in using the «Hindu Khatre mein» (Hindus in danger) narrative despite being in power for ten years, it raises doubts about the party's necessity to return to power. The former BJP MP-turned-TMC nominee from West Bengal's Bardhaman-Durgapur Lok Sabha seat, also said the issue of the Uniform Civil Code (UCC) was a «ploy to communalise the polls» since the saffron camp «lacks an impressive report card to present before the masses». In an interview with PTI, Azad highlighted India's diversity and argued against the feasibility of implementing UCC in such a varied cultural landscape while stressing that history belies BJP's claims of Hindu insecurity under previous regimes. «During the Mughal rule, Hindus were not under threat; they were not in peril during British rule; even under multiple governments post-Independence, Hindus never faced any perceived danger. So how come Hindus are suddenly in danger when a Hindu nationalist party is in power for the last 10 years?» he argued.
01.05 / 05:19
COST
UPS
Citi
Trade
country
Gold and silver rate today on 01-05-2024: Check latest rates in your city
The price change in 24 carat gold in the last one week has been -1.05% whereas in the last month it has been -5.59%. The cost of silver is Rs.83400.0 per kg down by Rs.500.0 per kg. Gold Rate Today in Delhi is ₹73646.0/10 grams.
01.05 / 05:19
DAL
country
reports
Videos
Investigations
SIT summons Karnataka MP Prajwal Revanna, HD Revanna in sexual abuse case
PTI reported. The Karnataka government ordered the formation of a Special Investigation Team (SIT) to probe a series of obscene videos circulating in Hassan district of Karnataka. These videos allegedly involve Prajwal Revanna of the Janata Dal (Secular) party, with some depicting acts of sexual assault.
01.05 / 04:35
markets
FIVE
CEO
country
travelers
prevention
guidelines
Wanted: Megabank chief willing to work for half pay
LONDON—Help wanted: Someone to oversee $3 trillion in assets and 221,000 workers. Must be worldly, willing to travel constantly, knowledgeable about Chinese politics and able to deal with a demanding boss. Salary: Half of what you would make in the U.S.
01.05 / 04:35
Citizens
community
Diversity
country
social
innovations
information
Public policy education could make a better country if done right
India’s rapid economic growth and increasingly complex social and public challenges underscore the need for robust public-policy education. However, public policy programmes fall short of adequately preparing the next generation of policymakers, civil servants and engaged citizens. Traditionally, public policy education in India has been confined to post-graduate degree programmes, often offered in isolation from the real-world complexities that policymakers face.
01.05 / 04:35
markets
UPS
country
Scandals
NOT
Loan recovery: Credit penetration must not turn into a nightmare
₹3,000, taken through the company’s app. The seizure of devices during a raid on Finsara’s office is said to have revealed a scandal of sexual shaming in wide deployment as a threat. The police claim that links with 1,577 cases across the country have been traced, involving loans of almost ₹5 crore.
01.05 / 02:39
Celebrity
Justice
country
social
Schools
rights
International
NOT
Maharashtra Day: Banks, offices, schools, public transport — what is open in Mumbai and what is not
State Holiday for May Day / Maharashtra Day and Labour Day: Today, May 1, is commemorated as Maharashtra Day in honour of the establishment of the state in India. Also known as Maharashtra Din, it marks the anniversary of May 1, 1960, when Maharashtra was officially formed following the reorganisation of states based on language. May 1st is also recognised as Labour Day, dedicated to acknowledging the contributions of workers and the labour movement.
01.05 / 02:39
Target
FIVE
Remark
Election
country
reports
Lok Sabha Elections 2024: ‘Why target Muslims only, I also have 5 children,’ Kharge on PM Modi's ‘mangalsutra’ remarks
Mallikarjun Kharge has expressed confidence that his party would win a majority in the ongoing Lok Sabha election. That is precisely why, Kharge said, Prime Minister Narendra Modi was talking about ‘mangalsutra and Muslims’ in his election speeches. “We are going to win a majority in this election.
01.05 / 02:39
Google
Death
film
Actor
Celebrity
country
dance
On This Day: Key events in history on May 1; from Bombay state split to death of renowned Indian economist, and more
Also Read: Google Doodle today: Celebration of Tari Rangkuk Alu; all you need to know about the Indonesian bamboo dance Bombay State was divided into two separate states, Maharashtra and Gujarat, based on the languages spoken by the public in the two regions. Bombay State Split into Maharashtra and Gujarat was held on May 1, 1960. This reorganization was a significant event in Indian history, as it was one of the first linguistic-based reorganizations of states in the country, aimed at creating states based on the predominant language spoken in the region.
01.05 / 01:59
markets
UPS
Action
Trade
country
Stock Market Holiday: Are Indian stock exchanges NSE and BSE open for trading today?
Indian stock exchanges NSE and BSE will remain closed for trading today (Wednesday( on account of Maharashtra Day. Meanwhile, the country's largest commodity market, the Multi Commodity Exchange of India (MCX), will see no trading in the morning session between 9 am and 5 pm but will resume trading in the evening session between 5 pm and 11:30/11:55 pm. As for the non-agri commodity exchange National Commodity & Derivatives Exchange (NCDEX), it will also remain shut in both the sessions.
01.05 / 01:21
UPS
Platform
Action
Yellow
country
Schools
RBI cautions banks on gold loan disbursals through fintech startups
RBI) has cautioned banks about gold loan disbursals being made through fintech startups, according to people familiar with the matter. The central bank has flagged “concerns with the evaluation process” by these banks and fintechs, especially in cases where the gold is sourced through field agents of companies, one of the persons said. “The regulator has verbally expressed its concerns to a set of banks regarding this and asked them to take corrective actions immediately,” said another person. Rupeek, IndiaGold and Oro Money are a few of the major players that source gold loans for banks.
30.04 / 20:37
Death
Experts
country
stars
2020
reports
Investigations
A medical report on soccer legend Maradona's death aims to undercut homicide case against medics
medical examiner's report into the death of Argentine soccer legend Diego Maradona injected uncertainty Monday into the criminal negligence case brought against eight medical workers involved in his case a month before they are set to stand trial for homicide. A forensic expert conducted the study at the behest of one of the main defendants, Maradona's neurosurgeon Leopoldo Luque, in an effort to challenge the 2021 medical examination that held Luque and other doctors responsible for what it described as the soccer star's otherwise avoidable death. The defendants have denied any violations or irregularities in Maradona's treatment. Maradona, famous for leading Argentina to victory in the 1986 World Cup and back to the final four years later, died from a heart attack in 2020 while recovering from brain surgery.
30.04 / 20:21
30.04 / 20:21
MET
FIVE
Digital
CEO
community
country
Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia
Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft’s 29-year history in the country
30.04 / 18:47
Citi
Compilation
Mercury
country
Department
Scorching hot: Ranking the 10 hottest places in India today
Odisha, Andhra Pradesh, Telangana, and West Bengal ranging between 41 and 46 degrees Celsius. Bengaluru, which is well-known for its pleasant weather, is witnessing a record-high rise in temperatures. As per the Indian Meteorological Department (IMD), Odisha is facing the major burnt of heatwave conditions prevailing in the country.
30.04 / 18:27
FIVE
Ripple
country
reports
recommendations
International
US drug control agency will move to reclassify marijuana in a historic shift, AP sources say
The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, a historic shift to generations of American drug policy that could have wide ripple effects across the country
30.04 / 18:25
UPS
Manufacturing
WhatsApp
country
Indian Oil Corporation to Invest Rs 5,215 cr in green power
Indian Oil Corporation plans to invest ₹5,215 crore in building 1 gw of renewable energy capacity in the country. The state-run company said in a stock exchange filing on Tuesday that its board has approved the investment plan, which would involve setting up «standalone ground-mounted solar or standalone onshore wind or wind-solar hybrid projects» in a phased manner. The plan entails an equity investment of ₹1,304 crore by Indian Oil. The company plans to house its renewable energy business in a wholly owned subsidiary.
30.04 / 18:25
markets
UPS
Citizens
Healthcare
country
Schools
Dangle less tax and watch 'em go
Sam Pitroda, a yesteryear technocrat, recently rattled the beehive after he suggested India should consider inheritance tax as a means of income redistribution. Even in the US, the super-rich avoid giving back by setting up tax-free trust funds for inheritance. In India, where tax evasion is both endemic and high, tax harvesting for distribution of wealth can only come from a highly incentivised low-tax regime with high volumes of taxpayers, for whom gains from paying up outweigh pains of evasion. In a 2001 IMF paper, 'Tax Policy for Developing Countries', Vito Tanzi and Howell Zee wrote, '...the most prevalent forms of incentives found in developing countries tend to be the least meritorious… personal income taxes have been contributing very little to total tax revenue in many developing countries'. More than two decades later, this is still true. Worse, personal income-taxpayers in India live in an abnormal environment of taxation where they get next to nothing for compliance and good citizenry. Sure, it can be argued that they get roads, utilities and other infra. But these are delivered to all citizens, including those who systematically evade taxes, giving honest taxpayers only the advantage of a good conscience.
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