Country Financial News

The concept of a ‘holiday’ in India is undergoing an alteration and has come to a stage of maturity. This has come about due to a number of factors which include a stressful work life and therefore a need for regular short breaks, rising income levels and higher aspirations for a better lifestyle etc. The holiday bug has caught the fancy of Indians in a big way, but with a difference. If we took a peek into the past, a few years ago investing in a holiday home was the privilege enjoyed by a few HNIs or NRIs. Since then, there has been a perceptible shift, post Covid 19, where we are seeing younger generation of Indians looking at purchasing property in holiday destinations across the country.

'Barron's Roundtable' panel provides insight on the increased pressure on consumers.

According to the OECD, Canada was the third largest recipient of foreign direct investment (FDI) inflows in the first three quarters of 2023 (at US$42 billion), behind only the United States and Brazil. Does that mean Canada is doing well attracting capital, as the federal government has argued? Not really. Not if you consider outflows, too.

Paytm founder and CEO Vijay Shekhar Sharma met Union Finance Minister Nirmala Sitharaman on Tuesday. The meeting comes amid reports of Sharma’s meeting with officials of the Reserve Bank of India on Monday. According to an NDTV report, the meeting between Sitharaman and Sharma concluded in 10 minutes. The report said that Sharma was told that he needs to sort out the regulatory concerns by the RBI. He was also told that the Narendra Modi government has no role in the current crisis.

Capital Group is expanding its footprint in the active ETFs business, and on Wednesday filed for its fourth wave of products.

PM Modi said, "As a distinguished scholar and statesman, Narasimha Rao Garu served India extensively in various capacities. He is equally remembered for the work he did as Chief Minister of Andhra Pradesh, Union Minister, and a Member of Parliament and Legislative Assembly for many years.

FRANKFURT (Reuters) — Euro zone wage growth is likely to peak early this year but the path further ahead remains uncertain, a new forecasting tool developed by the European Central Bank showed on Friday.

By Pavel Polityuk

ICICI Prudential Life Insurance has launched ICICI Pru Gold Pension Savings, a tax-efficient pension product that enables customers to make systematic contributions and build the desired retirement corpus to lead financially independent retired lives.

Today’s homebuyers should look to invest in property along the lines of metros and expressways in the city outskirts to access premium properties in an affordable manner. Considering the rapid expansion of cities such as Mumbai, Bengaluru and Hyderabad, homebuyers and investors should make use of the early mover advantage to invest in properties before land rates spike, says Bhavesh Kothari, Founder & CEO, Property First.

Tension was building in Pakistan Friday as authorities struggled to explain a delay in announcing the result of the national election, leading to accusations that the authorities were suppressing a tide of votes in favor of jailed opposition leader Imran Khan. Thursday’s election pitched Khan’s passionate support against the followers of three-time Prime Minister Nawaz Sharif.

Dawn, only the lucky ones were able to go in and out of the polling station within minutes. For other Pakistani voters, polling at their stations didn't begin by even 3 pm. Several voters were reportedly running from pillar to post to find their voting booths.

German Chancellor Olaf Scholz has pushed for further U.S. and European aid for Ukraine as he set off for a visit to Washington

PTI. According to details, shared by The Dawn, the Election Commission of Pakistan (ECP) prepared the Election Management System (EMS) app for transmission of results from each polling station to a centralized system where the Returning Offices would complete the tabulation of all results. However, Presiding Officers at several polling stations on Thursday evening found themselves unable to transmit the final results of their respective stations using the much-touted and homegrown system, the Dawn Newspaper reported, adding, an absence of connectivity.

More Republican lawmakers in states around the U.S. are getting behind the idea of using taxpayer money to subsidize child care

China has ramped up its digital yuan work over the last year, while the ECB is now in the preparation phase for a digital euro and India is seeing a million transactions per day processed by commercial banks throughout the country for the digital rupee. Yet in the US, the Federal Reserve has been cautious about pushing ahead with pilots and several governors have expressed scepticism about the need for a CBDC. This month, Donald Trump vowed to prevent the creation of a digital dollar if he wins the US presidential election, calling a CBDC a "dangerous threat to freedom". Josh Lipsky and Ananya Kumar from the Atlantic Council’s GeoEconomics Centre warn that technological payments innovation at the Fed is lagging behind its peers and competitors.

Pakistan’s general election has taken an unexpected twist. Early trends indicate that Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) might have stolen a march on its political rivals in the polls, even with its leader, the flamboyant former World Cup-winning cricket captain, behind bars on various corruption charges. A PTI win would also present a setback to the country’s powerful military.

A significantly large part of Finance Minister Nirmala Sitharaman’s interim budget speech last week was devoted to outlining the performance of the incumbent government. With general elections only months away, this was expected. And like a political speech, her delivery on 1 February highlighted an increase in the per capita income of Indians by more than 50% over the last decade, along with the government’s claim of about 250 million Indians having moved out of multidimensional poverty during the same period.

₹50 crore. It is this investment in the company that is under scrutiny, said the official cited above.

India’s interim budget for the year 2024-25 was presented earlier this month with an accompanying analysis of impacts on various sectors. As has been pointed out by many over the last week, several positive indications have been provided for sectors enabling low-carbon pathways for the country.

The 13th Ministerial Conference of the World Trade Organization (WTO) at Abu Dhabi, scheduled for 26-29 February, will discuss, among other issues, how the WTO can become more relevant for micro, small and medium enterprises (MSMEs) and businesses run by women. Informal working groups on both MSMEs and gender were launched at the 11th ministerial in 2017. Since then, each group has come up with reports and is working towards more concrete outcomes.