Country Financial News

strong mandate is the first condition for India to realise its big goals as he exhorted thousands of party members to work with renewed energy, vigour and enthusiasm for the next 100 days to ensure a big victory. Addressing nearly 11,500 BJP delegates from across the country at Bharat Mandapam here, he said he is seeking power not for «satta bhog» (enjoying power) but for the country's benefit, and slammed the opposition, especially the Congress, saying they make all kinds of false promises but lack a road map for making the country developed. This is something only the BJP can do, he said, exuding confidence about his return to power while noting that many foreign countries have invited him for engagements in July, August and September. This suggests that these countries also know that «aayega toh Modi hi» (Modi's re-election is inevitable). In his 65-minute valedictory speech at the BJP's national convention ahead of the Lok Sabha elections expected in April-May, the prime minister stuck to the message of the country's growth and rising global standing besides his government's measures for empowering every section of society, especially the poor.

Foreign businesses’ direct investment into China last year increased by the lowest amount since the early 1990s, underscoring challenges for the nation as Beijing seeks more overseas investment to help its economy. China’s direct investment liabilities in its balance of payments rose by $33 billion last year, 82% down on 2022, according to data from the State Administration of Foreign Exchange released Sunday. That measure of new foreign investment into the country — which records monetary flows connected to foreign-owned entities in China — slumped to the lowest level since 1993.

France on the top. India slipped one rank down from last year to 85th even as the countries with visa-free access to its citizens increased to 62 from 60 in 2023. The rank of crisis hit Pakistan stood the same as last year on 106 while Bangladesh's slipped from 101 in 2023 to 102 this year.

Indonesian Defence Minister Prabowo Subianto as the next president augurs well for Jakarta’s strategic partnership with New Delhi, given that he has shown keen interest in India’s defence capabilities and social security schemes, according to experts. Subianto had contested the presidential polls in 2014 and 2019, but never won. This time round, the 72-year-old former Special Forces commander has cornered enough votes to be sworn in as the next President of Indonesia.

PTI. The issue of Paytm Payments Bank is a case where a hard-charging and aggressive entrepreneur has failed to realise the need for regulatory compliance, and that no company can get away if it is non-compliant with the law, said minister of state for electronics and IT Rajeev Chandrasekhar, as per the PTI report. He also said that the RBI’s regulatory action on Paytm Payments Bank has drawn the attention of fintech firms to the importance of complying with the laws.

aayega toh Modi hi (Only Modi will retain to power)". Speaking at the BJP National Convention 2024 on Sunday, the Prime Minister said it's "surprising" to know he has already received invitations from foreign countries for events to be held after the after Lok Sabha polls. "...The elections are yet to happen but I already have invitations from foreign countries for July, August, and September.

Jaishankar and his Chinese counterpart Wang Yi have met briefly in Germany on the sidelines of the Munich Security Conference, their first meeting in more than six months. Video footage from the Munich Security Conference showed Jaishankar and Wang having a brief chat on the sidelines of the prestigious event attended by US Secretary of State Antony Blinken and other top diplomats from across the world. However, there is no official word on the gist of their discussion from both capitals. This was the first meeting between the two leaders in over six months. The two last met in July in the Indonesian capital Jakarta at the ASEAN Regional Forum.

India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said. In an interview with PTI, the minister confirmed that the two projects include a USD 8 billion proposal submitted by Israel-based Tower Semiconductors and the other from Tata Group. «I am happy to share this with you and you are probably the first one I'm sharing this with. In the near term, two full-blown fabs are going to come up in India. These are going to be multi-billion-dollar fabs in the 65, 40 and 28-nanometer technology and there are going to be a host of other packaging proposals that we are evaluating,» Chandrasekhar said. He was responding to a question on USD 8 billion investment proposal submitted by Tower Semiconductors and the status of India's semiconductor roadmap.

stock markets to help pay for an apartment in a big city. But in 2015 he lost $30,000, and in 2021 he lost $80,000. After that, he shut down his trading account and started investing in Chinese funds that track stocks in the United States. It's a perilous time for investors in China. Their main vehicle, so-called A shares of Chinese companies, fell more than 11% in 2023 and have continued their losses this year. Many investors have instead flocked to the exchange-traded funds that track foreign markets and that have been performing much better.

free trade agreement reaching an advanced stage, the Prime Minister's Office reviewed the progress of the talks on February 16, sources said. Commerce and Industry Minister Piyush Goyal and Commerce Secretary Sunil Barthwal were also present in the meeting, they said. «The talks for the agreement are at a crucial stage now. About three reviews have happened so far at the highest level,» they said, adding both countries are working to iron out differences on the remaining issues. The commerce secretary recently stated that the negotiations were taking time because «we want» to safeguard India's interest.

Lok Sabha Elections around the corner, PM Modi said the Bharatiya Janata Party (BJP) can do it." needs to reach every new voter. "In the next 100 days, we all have to reach out to every new voter, every beneficiary, every community. We have got to win everyone's trust and support...," he said.

Air India, IndiGo, Akasa, SpiceJet, Vistara, Air India Express Connect, and Air India Express, BCAS has urged them to implement necessary measures to ensure the timely delivery of customer baggage. In an extensive survey conducted across the nation's six major airports, the BCAS scrutinised the operations of seven airlines and analysed over 3600 flight movements along with their baggage delivery processes.

Mint. As it stands, the Central Ground Water Board and state governments agencies collaborate to periodically assess the country's groundwater resources. A 2022 assessment showed the annual extractable ground water resource at 398 billion cubic meter (BCM).

Indian Railways is set to inaugurate train services on the Banihal-Khari-Sumber-Sangaldan section, a pivotal 48.1-kilometre stretch of the ambitious Udhampur-Srinagar-Baramulla Rail Link project, on February 20th. “We will get a step closure to realise our dream to connect Srinagar with Kanyakumari," a source in the railways told PTI.

Taiwan, a Memorandum of Understanding (MoU) was inked on Friday, opening doors for Indian migrant workers to explore job opportunities in Taiwan. «Taiwan-India relations reach a new high! The MOU on the Facilitation of Employment of Indian Workers, signed by @TWIndia2 Rep. Ger & @ita_taipei Rep Yadav,» the Ministry of Foreign Affairs of Taiwan (@MOFA_Taiwan) announced the milestone in a post on social media platform X. The MoU is seen as a step towards mutual benefits, igniting a robust momentum for deeper cooperation between the two nations.

Amit Shah on Sunday likened the upcoming Lok Sabha polls to the Mahabharata war, asserting that Prime Minister Narendra Modi is leading the BJP-led camp working for the country's development while «INDI alliance» under the Congress is full of family-run parties and corruption. In his address at the BJP's national convention here, Shah lashed out at the opposition INDIA bloc for its promotion of dynastic and appeasement politics. He was speaking on the resolution «BJP: Desh ki aasha, vipaksha ki hatasha» (BJP: Country's hope, opposition's despair). He said the opposition is full of «2G, 3G and 4G» parties, a reference to the second, third and fourth generation of families running these parties.

Japan has unveiled plans to issue six-month visas catering to digital nomads with an annual income of ¥10 million ($68,300) or more. The initiative is slated to commence by the end of March. According to a Japan Times report, digital nomads, individuals who work remotely while moving between locations for short or medium-term stays, from 49 countries and territories, will be eligible for the «specified activities» visa category. This extends to self-employed applicants as well. Countries and territories eligible for this program have existing tax treaties and agreements that eliminate the need for short-term visas with Japan, including the U.S., Australia, and Singapore.

₹65,000 crore, 50 per cent of which are railway projects, the company has said. RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the management said in an investors call. "We have got an order book of around ₹65,000 crore, which roughly constitutes 50 per cent from the nomination, that is the typical railway projects, and 50 per cent from the market.

Hero MotoCorp CEO Niranjan Gupta anticipates a double-digit revenue surge in the domestic two-wheeler industry in the upcoming fiscal year. He suggests that the demand for premium models is likely to escalate further. The country's largest two-wheeler manufacturer, having reported a total income of ₹10,031 crore in the October-December quarter of the current fiscal year, foresees improved performance in the entry-level segment in the future.

Acharya Vidyasagar Maharaj breathed his last on Sunday at Chandragiri Teerth in Dongargarh in Chhattisgarh's Rajnandgaon district after undertaking 'sallekhna'. Sallekhna is a Jain religious practice involving voluntary fasting unto death for spiritual purification, a statement from the teerth said. Acharya Vidyasagar Maharaj attained Samadhi through 'Sallekhna' at Chandragiri teerth at 2:35 am, the statement said.

RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the management said in an investors call. «We have got an order book of around Rs 65,000 crore, which roughly constitutes 50 per cent from the nomination, that is the typical railway projects, and 50 per cent from the market. In time to come, we should maintain an order book of around Rs 75,000 crore,» top management officials said in reply to a question. Of the total order book, the share of the Vande Bharat trains was around Rs 9,000 crore, and Rs 7,000 crore was for several metro projects. The company has also bagged projects in the electrification and transmission lines among others.