Country Financial News

By Sofia Menchu

By Ju-min Park and Makiko Yamazaki

Rajnath Singh on Sunday said that the surrendered 90,000 Pakistan Prisoners of War (POWs) of 1971 war were given respect while in captivity in India. «We could have treated Pakistani POWs in any way we wanted.

Danish Ali, who remains suspended by the BSP, on Sunday announced his decision to join Rahul Gandhi-led Bharat Jodo Nyay Yatra, saying he would be failing in his duty as a politician if he did not join «biggest drive for unity and justice». The Bahujan Samaj Party (BSP) had suspended Ali last month for «anti-party» activities. Ali had been actively joining opposition ranks in attacking the BJP and its policies even though the Mayawati-led BSP has maintained a distance from the ruling alliance as well as the opposition bloc INDIA.

tablets after evaluating the import data, which it is monitoring, an official said. In October last year, India put in place an import management system under which importers of these products have to seek authorisation from the government. The system is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply or creating a cumbersome licensing regime.

Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu on a Saturday, chaos unfolded as numerous individuals blatantly disregarded traffic rules. Social media platforms were flooded with alarming photos and videos depicting people flouting regulations by stopping their vehicles on a stretch of the bridge with a designated speed limit of 100 kmph. The visuals showcase a troubling scene of individuals treating the newly opened Atal Setu as a photo-op and leisure spot.

Bharati Airtel and Reliance Jio, are likely to withdraw their unlimited 5G data plans in the second half of 2024 and charge at least 5-10% more than the current 4G tariff to drive monetisation and boost revenue growth, according to a report in the Economic Times, citing analysts. Notably, Reliance Jio and Bharati Airtel launched 5G services in the country in October 2022 and have since been offering unlimited 5G services at existing 4G tariffs.

NITI Aayog report underscores earlier surveys, revealing a significantly underinsured Indian population. Access barriers, misconceptions associating insurance with affluence, and the undervaluation of insurance needs contribute to this substantial gap. The vast size of the country, the huge rural population, and a traditionally lackadaisical attitude towards financial planning make it very difficult to sell insurance in India.

RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday. Varma further said he expects a benign outcome in 2024 where inflation comes down and growth remains robust. «The Indian economy has withstood all these shocks (Russia-Ukraine war, Israel-Hamas war, rising oil prices, Houthi attacks) in the last couple of years, and I do not believe that the geopolitical situation will be significantly worse in coming months than what we experienced in the recent past,» he told PTI in an interview.

put around Rs 3,900 crore in Indian equities in the first two weeks of this month, against the backdrop of uncertainty over the interest rate scenario. The investment has slowed down compared to Rs 66,134 crore attracted in the entire December. Before that, FPIs invested Rs 9,000 crore in November.

Guntur Kaaram', the highly-anticipated collaboration between Mahesh Babu and director Trivikram Srinivas, witnessed a thrilling opening at the box office, grossing an impressive Rs 41.3 crore on its debut day. However, the excitement was short-lived as the film faced a considerable drop in collections on its second day.

Virat Kohli, the prominent Indian cricket team batter, shared insights into his unexpected friendship with Serbian tennis maestro Novak Djokovic. Kohli disclosed that their connection began with a casual «hello» message sent on Instagram, evolving into a unique bond marked by mutual admiration. The camaraderie hit a high point when Djokovic congratulated Kohli on achieving his 50th ODI century during the ICC Cricket World Cup semifinal against New Zealand last year. Djokovic's sincere message and public acknowledgment added a personal touch to their burgeoning friendship. «I got in touch with Novak very organically.

Reliance Industries Ltd is seeking a minimum USD 10 rate for the gas it plans to produce from coal seams, as it altered its pricing formula to reflect the changed energy scenario. Reliance has sought bids from users for 0.90 million standard cubic meters per day of gas it will produce from coal-bed methane (CBM) block SP (West)_CBM-2001/1 in Madhya Pradesh, according to a tender floated by the company. Users have been asked to quote a premium they are willing to pay over and above 12.67 per cent of the Dated Brent crude oil price.

Congress leader Rahul Gandhi on Sunday left for Manipur's Imphal to launch the Bharat Jodo Nyay Yatra, after a delay of a few hours. A special IndiGo flight, through which Rahul Gandhi and other leaders were going to travel to Imphal for the Bharat Jodo Nyay Yatra, was delayed due to fog and poor visibility conditions at Delhi Airport on Sunday morning. Earlier on Sunday, Rahul was spotted leaving his residence in Delhi for the airport.

Federal Reserve poised to lead the charge for richer countries. Traders boosted bets on how aggressively the Fed will lower borrowing costs this year after a report showed prices paid to producers continued to fall in December. Even so, the path to taming inflation will be bumpy, as a measure of consumer prices rose by the most in three months. Similar metrics in Norway and Chile eased in December, while Argentina ended the year with inflation above 200%.

real estate has been considered a very safe and stable option to park hard-earned savings. As a standard, across the world, real estate is always going to escalate in value, and over time, as the global economy continues to evolve, investors are increasingly exploring opportunities beyond their borders.

Apple Inc. is shutting a 121-person team related to artificial intelligence operations in San Diego, leaving many employees at risk of termination, according to people familiar with the matter. The group, known as Data Operations Annotations, was told Wednesday that they would be relocating to Austin to merge with the Texas portion of the same team, said the people, who asked not to be identified because the plans haven’t been announced.

Union Civil Aviation Minister Jyotiraditya Scindia has said the Navi Mumbai international airport will be commercially operational by March 2025. The upcoming airport is not just an important infrastructure project for Mumbai or Maharashtra but is a project of pride for the entire nation, he told reporters on Saturday. He inspected the progress of the work connected to the airport, which is being built in five phases.

Duvvuri Subba Rao, Former RBI Governor, says “we have to grow fast because as much as we are a large economy, we are also a poor society. India has by per capita income, we are about 139 in the League of Countries. We are the poorest country in the BRICS. We are the poorest in G20. So we have to lift poverty. We have to grow fast. Compared with the rest of the world, it is good but that is not good enough. I believe that for India to grow faster, we want a stable geopolitical environment and a stable environment around the world because if you look at India's performance over the last 25 years, India has had stable high growth when the world was growing.” Everybody is applauding the kind of growth we are seeing. Several agencies including our own RBI Governor have upgraded the India growth outlook very recently in the last Monetary Policy Meet. But the overall global environment is not in very good shape. How challenging will it be for us as an economy to outperform a global gloomy backdrop? Duvvuri Subba Rao: Thank you for that question. We heard it from a number of people including the Prime Minister and the Finance Minister that India is the fastest growing large economy in the world. As you said, the RBI expects the economy to grow by 7 plus percent this year. That is all very good. But you also referred to the global situation. The point is that, yes, we must grow faster.

Revanth Reddy participated in the preparatory meeting for the 'Bharat Jodo Nyay Yatra' at Congress national president Mallikarjun Kharge's residence in Delhi on Saturday. The Yatra is set to kick off on Saturday from Manipur. CM Reddy is currently on a visit to the national capital.

Canada, Immigration Minister Marc Miller on Saturday said that the government is contemplating the implementation of a cap on the number of international students residing in the country. Miller, however, did not specify the extent of the reduction being considered for the immigration system. Speaking on CTV, the minister emphasized the necessity for a dialogue between the federal and provincial governments. He expressed concern over the sheer volume of international students in Canada, describing the current system as «out of control.» Want to know if you qualify for immigration? Click here «The volume is disconcerting. It's really a system that has gotten out of control,» Miller remarked. The minister highlighted the need to address the demand for housing in the first and second quarters of this year by exploring the possibility of imposing a cap on international students. When questioned about the timing of this consideration, given that the idea was previously discussed months ago, Miller explained the need to analyze numbers at the federal level before delving into specifics at the provincial level. «We need to be doing our jobs and making sure that we have a system that actually makes sure people have a financial capability to come to Canada,» Miller said. He emphasized the importance of verifying offer letters and initiating a conversation about volumes and their impact on certain areas.