Country Financial News

startup entrepreneur dedicated to revolutionising the agricultural sector through the countrywide adoption of electric tractors, I believe that GoI’s new EV policy will herald a transformative era in this new-age industry. The policy’s provisions, including duty concessions for companies investing a minimum of $500 mn in EV manufacturing units and mechanisms to reduce customs duties on limited imports of EV products, are poised to spur innovation in the EV sector. At the core of our startup’s mission lies a commitment to sustainability, efficiency and empowerment. We envision a future where tractor owners across the country will have access to cutting-edge tech that boosts productivity while minimising environmental impact. The introduction of new EV designs aligns perfectly with our vision, fostering an environment conducive to growth and development in the burgeoning EV market. The stipulated minimum investment requirement underscores GoI’s dedication to attracting capital into the EV sector. This framework not only bolsters investor confidence but also charts a clear path for both new and established players. The surge in the number of EV manufacturers in India since 2021, which stood at 380, highlights the growing momentum in the sector.

leaders of ISIS in India who were camping in a neighbouring country would cross over to India at the Dhubri Sector to carry out sabotage activities. Two top leaders of ISIS were arrested. Based on the input, an STF team under Parthasarathi Mahanta, IGP(STF), Kalyan Kumar Pathak, APS, Addl SP, STF and other ranks was deputed to locate and apprehend the said accused persons who are also wanted accused of NIA. The team proceeded to Dhubri in the evening hours of March 19. Thereafter, since the input was credible in nature, a manhunt was launched in the International border area to nab the culprits.

EV policy, slashing customs duties on imported cars. This policy concession, announced ahead of the general elections, is an incentive for automobile MNCs, such as the world's largest EV manufacturer, Tesla, to make India a global hub for EVs. However, the policy comes with strings:

Congress alleging that unauthorised political advertisements are still being displayed in many places across the country. On 16 March, the Election Commission of India has declared the dates for the Lok Sabha Elections 2024, Model Code of Conduct (MCC) came into place, which bars any political advertisement from being displayed till the results are declared on 4 June. “The Election Commission of India has taken serious note of the non-compliance/partial compliance of its instructions and hereby directs all State/UT Governments to immediately remove all unauthorised political advertisements and ensure full compliance with its aforesaid instructions", the ECI said.

News18 summit, PM Modi said, “We are making road map for next 25 years and plan for first 100 days of our third term." Criticizing the Opposition, PM Modi said, “The opposition has hurled over 100 abuse at me and called me Aurangzeb. ‘Meri Khopdi Udaane Ka Plan Banaya’." A safe country is the basis of a developed India, PM Modi said adding that the National Democratic Alliance (NDA)-led government works with a 'nation first' approach, and that India has no reason to be behind any country. “Today world is calling 21st century India's century; India's confidence level can be seen in citizens' conversations today," said PM Modi.

Arizona launched a program to expand access to legal services for people who can’t afford or find lawyers. Three years later, the program is catching Wall Street’s eye. In most states, the owners of law firms need to be attorneys.

travel context, with women accounting for over 40% of the leisure customer base of some companies. Travel companies and hotel chains including Thomas Cook, SOTC and Leisure Hotels Group are increasing focus on women travellers amid a surge in demand for trips abroad as well as within the country. Planet Hollywood Goa, a beach resort in South Goa, for example, plans to host a first-of-its-kind Women Fun Fest with a sundowner electric beach bash and pool parties next month for women to “reclaim their weekends” and craft “unforgettable memories” with their tribe.

A report by a European business group says that uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China

Spring is officially underway in Canada, and for some it may mean deciding whether this could be the year to buy a cottage or cabin.

India does not tolerate terrorism. The country also teaches lessons to those who threaten with terrorism. The world can see India's response against those who wounded us with terrorism,” said Prime Minister Narendra Modi at the CNN-News18 Rising Bharat Summit in New Delhi Wednesday. Talking about the forthcoming Lok Sabha polls, the prime minister said, «there is a mood of debate ahead of elections. And this is the beauty of democracy.” »The BJP is planning for the first 100 days of our next term," PM added.

Akasa Air is confident that deliveries of its ordered Boeing 737 MAX jets will be on time, its CEO said, despite concerns over the U.S. planemaker's production schedule for 737s amid intense scrutiny after a mid-air incident this year. India's newest airline in January announced an order for 150 Boeing 737s, as it bets big on its international operations. The order announcement came days after a mid-air cabin panel blowout on an Alaska Air flight. Though Akasa's order does not include the 737 Max 9 version which has been in the spotlight after the incident, broader internal company scrutiny and external investigations in the U.S. have raised worries that delivery timeline of other variants of Boeing's 737 jetliner programme could be hit.

interest rate policy announcement later in the day. Brent crude futures for May were down $1.20 or 1.4% at $86.18 a barrel by 1425 GMT. U.S. West Texas Intermediate futures for April delivery, which expire on Wednesday's settlement, fell $1.49 or 1.8% to $81.98.

Sarbananda Sonowal said that Congress and its allies are flag bearers of nepotism, corruption, division and corruption. He addressed multiple meetings where he met and interacted with party cadres of BJP and AGP at Makum, Tinsukia and Dibrugarh Legislative Assembly constituencies under the Dibrugarh Parliamentary constituency. Highlighting the good work done by the Prime Minister Narendra Modi led National Democratic Alliance (NDA) government in the last one decade, the “Shakti” of Bharat would triumph over inept, inefficient, indifferent of Congress led opposition, added Sonowal, the BJP nominated candidate for Dibrugarh Lok Sabha constituency. Sonowal called upon party cadres to harness their Shakti to trounce any opposition towards realization of the vision of Viksit Bharat, Atmanirbhar Bharat.

American bank customers are concerned that overregulation of the banking industry will lead to restricted access to credit.

Vladimir Putin and Ukraine's Volodymyr Zelenskyy, Modi reiterated India's commitment to an early and peaceful resolution to the ongoing conflict between the two countries, the officials said, adding that both the leaders said they saw the Indian prime minister as a «peace-maker». «Both Putin and Zelenskyy also invited Modi to visit their countries after the elections in India get over,» an official said. The prime minister has in the past cited invitations extended to him by foreign leaders to visit their countries as their endorsement of the view that he is set to retain power in the Lok Sabha elections, which start on April 19 and will be over in the first week of June.

By Marianna Parraga

investigation into US claims of an attempted murder of a Sikh leader in New York found that rogue operatives not authorized by the government had been involved in the plot, according to senior officials familiar with the matter. At least one person directly involved in the alleged attempted assassination is no longer working for India’s main spy agency, the Research and Analysis Wing, the officials said, asking not to be identified because the details of the investigation haven’t been made public. The individual is still employed by the government and India hasn’t started any criminal action against him, the people said.

have registered for using CUET-UG scores for their admission in UG programmes. More are joining...." Earlier in the day, the UGC chairman outlined the initiatives taken by the higher education regulator in the country for conducting the Common University Entrance Test for Undergraduates (CUET UG) 2024. Kumar said to improve the overall testing experience for candidates appearing in CUET UG 2024, the difficulty level of the entrance exam has been reduced to moderate, accessibility enhanced, and logistical challenges have been reduced to make the test stress-free for the candidates, reported ANI.

Suspended BSP leader and Lok Sabha MP Danish Ali joined the Congress on Wednesday in the presence of senior party leaders. After joining the Congress here, he said that going by the prevailing situation in the country, it is important to join the grand old party in the fight against «divisive» forces. «On one side are divisive forces and on the other are those forces fighting to get 'nyay' (justice) for the poor and oppressed sections of society, and the choice is very clear,» Ali said, asserting that time has come to decide where one stands. «If we have to fight with divisive forces, then one has to strengthen the Congress under the leadership of Mallikarjun Kharge, Sonia Gandhi and Rahul Gandhi,» he said.

Fintech Association for Consumer Empowerment (Face) disbursed Rs 35,999 crore in loans in the third quarter of FY24, a 55% increase over the same period last year, according to a report. The ninth issue of ‘Facets’ presented insights into the disbursement trends for the quarter from 37 members of Face, indicating a 13% growth in disbursing volume to 2.5 crore in the same period. Also, the average ticket size for loans disbursed stood at Rs 12,733.

The British government says it will hold the next meeting of the European Political Community on July 18