Country Financial News

former Prime Minister HD Deve Gowda. Prajwal's father, HD Revanna, is a former minister. ALSO READ: Prajwal Revanna 'flees country' amid 'sex video' row: What we know about case involving Deve Gowda's grandson Prajwal Revanna is an MP from Karnataka's Hassan.

Mint looks at the concept, the pros and cons of implementing it and the outcomes of past attempts. It is a process by which income and wealth is transferred from the rich to the poor through steps such as taxes, land reforms and welfare measures. This is done to bridge economic inequality in the system.

ALSO READ: Karnataka: PM Modi speaks in Hindi during Lok Sabha Election rally; says, 'You don't need words to understand' Adding more, he said, "Do you see the good of the country (happening) with such things? Do you see good in it for you and your children? Will you waste your vote for such a thing? Your vote is precious, please don't waste it even by mistake." Apart from this, PM Modi hit out at Congress alleging the opposition party is committing a huge mistake and a sin by acting against democracy, adding, Congress is distributing OBC reservation to its vote bank. "Congress has put a break on New Education Policy (NEP) in Karnataka which was framed under the leadership of a big scientist from Karnataka and with inputs from more than 20 lakhs of people and after 30 years.

Modi on Sunday claimed that the INDIA bloc has come up with a "formula" whereby the parties in the opposition alliance will get the PM's post for one year each if they come to power.«With such a system, the good of the country cannot be expected,» he said at an election rally here, as he urged the people not to waste their vote. «I have heard that the INDI Alliance has invented a new formula...if the country has to be given into someone's hands, will we think before giving it or not? Will you give it to anyone? We will think whether the person is able to handle the country or not, will the track record be analysed or not?» Modi asked the people. Questioning the INDIA bloc on which person or leader among them could the people hand over the country's responsibilities to, he asked, «Is there any name? Will you accept without any name, keeping you in the darkness? Will the country accept it?»

₹5,000 crore may be offered for developing the ecosystem for building inland vessels in the country to support movement of cargo on national waterways. Capital support may also be considered for producers of sea bound vessels at a later stage. At present 14 PLI schemes with an outlay of ₹ 1.97 trillion are under implementation for five years from FY22.

Congress' Delhi unit chief Arvinder Singh Lovely in protest against the alliance with AAP brought the party's factional feud into the open, with a section of leaders on Sunday demanding the removal of AICC in-charge Deepak Babaria. While the Aam Aadmi Party termed it as an internal matter of the Congress, the BJP said Lovely has listened to the voice of his conscience as no patriot can stand with those who talk about dividing the country and claimed there would be further repercussions for the Congress. In his resignation letter to Congress president Mallikarjun Kharge, Lovely said the Delhi Congress unit was against the alliance with AAP and that all unanimous decisions taken by the senior Delhi unit leaders have been «unilaterally vetoed» by Babaria. Some party workers gathered outside Lovely's residence and raised slogans against AICC's Delhi in-charge Babaria who, meanwhile, stressed that all DPCC leaders were taken into confidence on the alliance issue and Lovely should have aired his views before the party panels.

Amit Shah said that BJP has already scored a century, while the Congress and Samajwadi Party haven't even opened their accounts yet. Further attacking the Samajwadi Party, accusing it of 'family-based politics, Shah asked why SP couldn't find any other 'Yadav' candidate outside their family. Addressing a public meeting in Uttar Pradesh's Mainpuri on Sunday, Amit Shah said, «So far, voting for two phases has taken place, do you want to know the result? Modi ji has run past ahead with a century and the two prince (Rahul and Akhilesh) haven't even opened their accounts yet. Keep this writing on wall, BJP is winning 80 out of 80 seats in UP.»

From ancient fertilizer methods in Zimbabwe to new greenhouse technology in Somalia, farmers across the heavily agriculture-reliant African continent are looking both to the past and future to respond to climate change

TikTok is banned in a handful of countries and not allowed on government-issued devices in a number of others

Home products retailer Williams-Sonoma will have to pay almost $3.2 million penalty for violating a Federal Trade Commission “Made in USA” order

₹50 lakh annual fee and spend another ₹20 lakh on living expenses. The total money coming from these students into Boston from BU alone comes to about ₹490 crore. Northeastern University, in the same city with similar fee, has around 2,000 Indian students who bring about ₹1,500 crore annually to Boston.

Mint, Deloitte said that given the implementation of the Global Anti-Base Erosion (GloBE) rules in these countries from 1 January, Indian headquartered multinational business groups with a presence there will be required to comply with the GloBE rules even if New Delhi is yet to implement it. Accordingly, Indian multinational groups will have to provide for top-up tax, if applicable, in their financial statements for the year ended 31 March 2024, Deloitte said in its analysis.

Reserve Bank of India last Friday set eligibility criteria for small finance banks seeking to upgrade to universal banking franchises. Out of 11 small finance banks in the country, just one is currently eligible to apply for a universal banking license, while at least two others had earlier voiced willingness for a transition. Here's an ET Explainer on the benefits of such a transition: Why would a small finance bank want to become a universal bank? At the outset, it is a major branding boost for small finance banks. Currently, wherever their field officers go, they face an inevitable question: what is a small finance bank? Even in the urban market, a sizeable segment of banking customers is not very familiar with this differentiated banking franchise even after over a half-a-decade of their existence. «Most importantly, when you are a universal bank, the perception of “small bank” goes and that improves your standing with every stakeholder,» a chief executive of a small finance bank said. What are the regulatory benefits?

Sri Lanka for the consecration ceremony of Seetha Amma Temple, dedicated to Goddess Sita. The consecration ceremony of Seetha Amma Temple will take place on May 19. The decision came following a letter from Sri Lanka's representatives to the Uttar Pradesh government, requesting Sarayu river water for religious ceremonies and the consecration of Goddess Sita's idol at the temple.

Reserve Bank of India last Friday set the eligibility criteria for small finance banks willing to upgrade themselves as universal banking franchises. Here's an ET Explainer on the benefits of such a transition. Out of 11 small finance banks that exist in the country, merely one is currently eligible to seek a universal banking license, while at least two other banks had earlier voiced their willingness for a transition. Why would a small finance bank want to become a universal bank? At the very first place, it's a major branding issue for small finance banks. Wherever their field officers go, they face an inevitable question: what is a small finance bank? Even in the urban market, a sizeable segment of banking customers are not very familiar with this differentiated banking franchise even after over a half-a-decade of their existence. «Most importantly, when you are a universal bank, the perception of “small bank” goes and that improves your standing with every stakeholder,» a chief executive of a small finance bank said.

startup The ePlane Company expects to develop a certifiable prototype of a flying electric taxi by March next year as it works on ways to alleviate urban congestion. Incubated out of the Indian Institute of Technology (IIT), Madras, the company also aims to initially commercialise its drones that can carry a payload of 2-6 kilograms in the coming months, according to a senior executive. The ePlane Company's Founder and CEO Satya Chakravarthy said it is developing an eVTOL (electric Vertical Takeoff and Landing) aircraft and to begin with, it will be a three or four-seater plane which can be converted into an air ambulance.

NCLAT has rejected SBI's pleas opposing the liquidation value of ITPCL provided by the debt-ridden firm's lead banker PNB and said the country's largest lender cannot «wriggle out» the debt restructuring process of the IL&FS group's thermal power company. The National Company Law Appellate Tribunal (NCLAT) has dismissed all three applications moved by SBI and said it does «not find any error in fixing the liquidation value as of 30.09.2018» of IL&FS Tamil Nadu Power Company Ltd (ITPCL). The appellate tribunal observed that as per the RBI circular, an Inter-Creditor Agreement has been entered between the lenders.

Now the online platform she relies on to support her family is poised to be banned in what entrepreneurs using TikTok condemn as an attack on their livelihoods.

ALSO READ: Heatwave warning: IMD issues ‘red alert’ for Gangetic West Bengal, Odisha Excluding hilly areas, the districts in Kerala are expected to experience hot and humid weather conditions from 28 April to 2 May. Apart from this, the likelihood of heat wave conditions occurring in one or two locations within Kollam, Palakkad, and Thrissur districts are also high during these five days, added the agencies.

Decades before the term ‘Viksit Bharat’ was coined, Rabindranath Tagore’s Gitanjali held out an Indian vision: “Where the mind is without fear and the head is held high; Where knowledge is free; Into that heaven of freedom, my Father, let my country awake." This encapsulates Viksit Bharat. With visible changes in many sectors, India is moving rapidly towards becoming a developed nation by 2047.

Lok Sabha elections 2024: BJP national president JP Nadda on Sunday alleged that the Chief Minister Mamata Banerjee-led West Bengal government is a “terrorist sympathiser" and wants a central government that is "soft on terrorism". BJP president JP Nadda on Saturday alleged that Trinamool Congress supremo Mamata Banerjee wants a government at the Centre that is "soft on terrorism". Addressing a Lok Sabha election rally in West Bengal's Murshidabad, Nadda said, “We talk about a 'Majboot Sarkar' but Mamata Banerjee wants a 'Majboor Sarkar'.