Country Financial News

₹71,500-72,500. The rising gold prices is leading to dwindling of demand in the country and prompting Indians to opt for recycling of their old jewelleries amid festive season. Also read: Silver prices likely to cross ₹1 lakh per kg in medium to long term: Motilal Oswal “We have seen higher investment demand for gold in India through various gold investment instruments.

South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA), has granted approval to 59 license applications from cryptocurrency platforms seeking to offer services to residents. 

Rajnath Singh on Monday said the "Ram Rajya" has started taking roots in the country and nobody can stop it in becoming a reality. Addressing an election rally in support of Union Minister Jitendra Singh at Basohli in Kathua district, he highlighted the fulfillment of all promises made by the BJP like abrogation of Article 370, construction of the Ram temple and implementation of the Citizenship Amendment Act (CAA). He said the BJP is not doing politics for formation of the government but for the country which was pulled out from a big trouble caused by the trust deficit between the people and politicians. Singh assured people that nobody who is an Indian national is going to lose his citizenship after the implementation of the CAA, while the BJP will keep its promise to implement the Uniform Civil Code (UCC) as promised in the party manifesto in the next five years.

Amit Shah on Monday said that the BJP-led central government's priority is to establish peace in the ethnic strife affected Manipur. This Lok Sabha election is between forces trying to break Manipur and those keeping it united, Shah said at a public meeting in Imphal. The senior BJP leader claimed that attempts of infiltration were being made in the northeastern state to change its demography. «Establishment of peace in Manipur by taking all communities on board and without breaking the state is the priority of the Narendra Modi government,» Shah said.

Narendra Modi has taken on the opposition for failing to keep its promises to the people. Speaking to in an interview, the Prime Minister said that politicians need to take ownership of the statements they make to the people. «I feel that political leadership is becoming questionable. In such a situation, we should remember that we have a tradition of 'Pran Jaye par Vacchan na Jaye'. (You can lose your life but not your word). I believe that politicians should take ownership, they should take responsibility. What I say is my responsibility and I have given the guarantee for that. I also commit and I take ownership. Take the case of Article 370, it has been our party's commitment. When it was my turn, I showed courage and did away with 370. And today, the fate of Jammu and Kashmir has changed,» the PM said. «Triple Talaq. Many things happened the political leadership, then got scared. People said, why should we trust them? They say one thing and the other. But people started believing. Trust is a very big power. And in a country like India, I consider this trust as my responsibility. And that is why I say this again and again,» the PM added.

Ashtami 2024 is a significant Hindu festival celebrated with grandeur across the country. This day is dedicated to the eighth manifestation of Goddess Durga, specifically Goddess Maha Gauri. The Navratri days and nights are a sacred period for worshipping Goddess Durga. According to the Hindu calendar, Durga Ashtami falls on the Eighth day or Ashtami Tithi of Shukla Paksha in the month of Chaitra, which is on April 16, 2024.Chaitra Durga Ashtami 2024: Date and Time

Narendra Modi has accused the opposition parties of «spreading lies» over the electoral bonds scheme, which has been struck down by the Supreme Court, and said «everyone will regret it when there is an honest reflection». In an interview with ANI, PM Modi said the electoral bonds scheme was aimed at curbing black money in elections and said the opposition wants to run away after making allegations. He said of the 16 companies who gave donations after action by probe agencies, only 37 per cent of the amount went to the BJP and 63 per cent to opposition parties opposed to the BJP.

Modi said that the maximum number of cases registered by the Enforcement Directorate are against those persons and entities who have no connection with politics. In an interview with ANI, Prime Minister Modi said that honest person has nothing to fear about but those involved in corruption has «Paap ka dar» (fear of sin). «How many opposition leaders are in jail? No one tells me. And is this the same opposition leader… who used to run their government? There is fear of sin (paap ka dar hai). What fear does an honest person have? They had put my Home Minister in Jail when I was Chief Minister. The country should understand that political leaders are involved in only 3 per cent of the ED cases and 97 per cent of cases are registered against the ones who do not belong to the politics,» Prime Minister said.

What impact the Israel-Iran war can have on your investment portfolio. Time and again, it has been observed that geopolitical tensions have far-reaching impacts on various asset classes, including equity, currency, crude oil and various other commodity prices. Amid heightened geopolitical risks, people usually realign their portfolios and often turn to perceived safe-haven assets.

The Indian real estate sector will grow over three times to reach an estimated USD 1.5 trillion by 2034, constituting 10.5% of the total economic output by then, according to a joint report by Knight Frank India and CII.

The European Union and UK have been world leaders for implementing policy to promote clean energy technologies, but their crown is starting to slip.

Kieron Pollard said that he doesn't think that the criticism is affecting Hardik Pandya's confidence and the MI captain is working hard on his skills. The explosive batter asked the IPL fans to encourage players to make sure that we can get the best out of them. "I don't know if it will affect his confidence.

Ministry of Power has asked all thermal plants using imported coal to operate at full capacity for another three and a half months till October 15 to avoid electricity shortage amid rising demand in the country. The ministry has projected peak power demand of 260 GW during the summer season (April to June) in view of longer heat wave duration. Peak power demand had touched all-time higher of 243 GW in September 2023. The India Meteorological Department (IMD) has predicted above-normal maximum temperatures in most parts of the country during summer this year. A power ministry notice to 15 imported coal-based thermal power projects on April 12 stated, «It has now been decided to extend the time period for Section 11 directive to generating companies having imported coal-based plants, up to October 15, 2024.»

Arun Govil, BJP's Lok Sabha candidate from Meerut, discussing potential changes to the Constitution, has stirred controversy. Responding to allegations that the Modi government plans to alter the Constitution, Govil emphasized the evolution of the Constitution over time and the need for consensus for any changes. A video has gone viral on social media in which he can be seen talking about the Constitution. Answering a question by a reporter on the opposition's allegation that the Modi government will change the Constitution after coming to power again at the Centre, Arun Govil said, «The Constitution has witnessed changes over a period of time. Change is a sign of development. It's not a bad thing. Situations were different at that time; the current situation is different, so if changes are to be made… The Constitution doesn't change with one person's intention. It can be changed with everybody's consensus. If anything happens...» he can be heard saying in the viral video. This statement has prompted reactions from various political figures, including AAP leader Sanjay Singh, who accused the BJP of intending to undermine the Constitution.

—Name withheld on request Assuming that you were a non-resident Indian (NRI) under the Indian Income Tax Act for at least nine out of 10 financial years preceding FY24-25, you would become a resident but not ordinarily resident (RNOR) for FY 2024-25. Usually, foreign income is not taxable under IT Act for a RNOR individual. However, since you would be providing consultancy services from India, such income would become taxable in India at the normal slab rates.

Lok Sabha elections 2024: Delhi's North East Lok Sabha constituency is gearing up for a high-profile contest as the Congress announced young leader Kanhaiya Kumar as its candidate to fight against BJP's sitting MP Manoj Tiwari. The singer-turned-politician is the only BJP candidate to be repeated from the national capital as the saffron party has changed its face on all other 6 constituencies in Delhi.

MUMBAI : Gazing down at Bengaluru from the top of the iconic Cafe Coffee Day building, known as the Square, one can sense the emerging power in India’s real estate market. Owned by Strata, the country's largest fractional real estate platform, the building symbolizes a major shift in property investments. Propelled by the concept of fractional ownership, Strata has rapidly grown to a formidable ₹1,800 crore in assets under management in just four years.

Iran attacks on Israel LIVE Updates: US, allies destroyed over 80 drones, missiles from Iran and Yemen, says Pentagon Late Saturday night, Iran launched a barrage of drones and missiles at Israel in response to Israeli attack on Tehran's consulate in Syria on April 1. Newswire Reuters quoted Macron as saying, “We are all worried about the possible escalation of the Middle East conflict.

President Biden’s cardinal objective since the outset of the Gaza conflict in October has been to prevent a wider war in the Middle East. On Saturday, he got the escalation he sought to avoid. Iran fired more than 300 drones and missiles, marking the first time that Tehran has directly attacked Israel.

mortgage rates and prices that are witnessing a steady uptrend. Top seven property markets of the country have registered total sales of 74,486 apartments during the quarter, which marks the second consecutive quarter where sales have exceeded 74,000 units, following the record-breaking performance with 75,591 apartments in the December quarter, showed data from JLL India. This sets a strong foundation for sustained growth in the residential market, surpassing the sales performance of 2023. Mumbai Metropolitan Region, Bengaluru, and Pune have driven the performance recording highest quarterly activity at 47,388 units or 64% of total sales.

Lancet report that asserted that the Indian government spends just 1.2 per cent of GDP on healthcare and noted that it was among the lowest among G20 countries, sources in the government said that spending is at an all-time high and out-of-pocket expenditure as a per cent of the total health expenditure has decreased. «As per the National Health Policy, 2017, public investment in health is envisioned to reach 2.5% of GDP by 2025. Ministry of Health and Family Welfare (MoHFW) has taken up with States to prioritize allocation to the health sector and enhance their health budgets by at least 10 per cent every year to reach the goal as envisaged,» one of the sources said. The budget estimates of the Department of Health and Family Welfare have reached from Rs 86,175 crore in 2023-24 from Rs 36,948 crore in 2014-15, thereby showing an overall increase of 133.23 per cent during the period, they said.