Country Financial News

PTI citing court sources. He moved an application before special judge Hardeep Kaur last week, seeking pardon in the case and claiming he had material information that he was willing to disclose to the Delhi Police, said the report. The matter has been posted before a magisterial court for recording Amit Chakravarty’s statement.

government for notifying the annual income threshold to decide whether a child belongs to the economically weaker section (EWS), the Delhi High Court has ruled. It said the KVS cannot deny admission to a student under the EWS category on the ground that the income certificate has been obtained from another state and not from the Delhi government.

The risk of escalating conflict in the Middle East is the latest in a string of unpredictable crises, including the COVID-19 pandemic and the war in Ukraine, that have landed like swipes of a bear claw on the global economy, smacking it off course and leaving scars.

Narendra Modi heaped praise on the Christian community on Monday for its role in giving direction to the society and sense of service, and said the country proudly acknowledges this. In an interaction with the members of the community at his residence here on Christmas, Modi recalled his old, intimate and warm relations with Christians, and said they have always been at the forefront in serving the poor and deprived.

sugar and this makes the sector vulnerable to fluctuations in global prices and demand, a report by economic think tank GTRI said on Monday. The Global Trade Research Initiative (GTRI) said these five products — basmati rice, non-basmati rice, sugar, spices, and oil meals — account for 51.5 per cent of India's total agriculture exports. Furthermore, India grapples with various domestic challenges including infrastructural deficits, quality control issues, and non-tariff barriers, all of which impede the growth and competitiveness of its agricultural sector, it said. «This makes them (agri exports) vulnerable to fluctuations in global prices and demand,» it said, adding these commodities also face frequent export bans in India. At present export of non-basmati rice is currently banned from India and India is also fighting at the WTO (World Trade Organisation) to protect subsidies to rice and wheat under a public stock holding programme. Besides, certain WTO member countries have taken India to disputes on sugar for providing subsidies to farmers.

MG Comet EV stands out as the most economical electric car in India. This compact and boxy hatchback may appear smaller compared to its counterparts, but it serves as an ideal vehicle for city commuting. Launched in 2023, the MG Comet EV debuted with an introductory starting price of ₹7.98 lakh (ex-showroom), posing a formidable challenge to the Tata Tiago EV, which previously held the title of the most affordable electric car in India.

crude oil purchased from the UAE is helping the world's third largest energy consumer push for taking the local currency global, as it looks for similar deals with other suppliers, officials said, adding internationalisation is a process and there are no targets. With the nation more than 85 per cent dependent on imports for meeting its oil needs, India has been pursuing a three-pronged strategy of buying from the cheapest available source, diversifying sources of supply and not breaching any international obligation like the price cap in case of Russian oil. While the strategy helped save billions of dollars, when it ramped up imports of Russian oil that was shunned by some in West post Ukraine war, it is looking to settle trade in rupees instead of dollars in a bid to cut transaction costs by eliminating dollar conversions. India in July signed an agreement with the UAE for rupee settlement and soon after Indian Oil Corporation (IOC) made payments for purchase of a million barrels of crude oil from Abu Dhabi National Oil Company (ADNOC) in Indian rupees. Some of the Russian oil imports too have been settled in rupee. Officials said the default payment currency for import of crude oil has been the US dollar for several decades and the currency traditionally has liquidity as well as lower hedging cost. But to boost the rupee's role in cross-border payments, the Reserve Bank of India allowed more than a dozen banks to settle trades in rupees with 18 countries since last year. Since then, India has been encouraging big oil exporters such as the UAE and Saudi Arabia to accept the Indian currency for trade settlements, officials said, adding the first success happened in August this year when IOC made the rupee

MD and CEO, sources aware of the matter said. The Reserve Bank of India (RBI) has already approved the appointment and Kalra has assumed office as well.

TRAI to collect and furnish information under RTI proceedings about the alleged tapping of a mobile user's phone. A bench headed by Justice Vibhu Bakhru allowed an appeal filed by the Telecom Regulatory Authority of India (TRAI) against a single-judge bench order and said an act of surveillance is carried out under the government's directions and in the interest of the country's sovereignty and integrity, the security of the State, friendly relations with foreign states or public order, or for preventing incitement to the commission of an offence, and is exempted under the Right to Information (RTI) Act.

Afghanistan: Bahara Rustam, 13, took her last class at Bibi Razia School in Kabul on Dec. 11 knowing it was the end of her education. Under Taliban rule, she is unlikely to step foot in a classroom again. In September 2021, a month after U.S. and NATO troops withdrew from Afghanistan following two decades of war, the Taliban announced that girls were barred from studying beyond sixth grade.

COVID-19 sub-variant JN.1 were reported in the country till Sunday, including 34 detected in Goa, official sources said on Monday. Nine cases have been detected from Maharashtra, eight from Karnataka, six from Kerala, four from Tamil Nadu and two from Telangana, they added.

BANGKOK (Reuters) — Major Japanese auto manufacturers will invest 150 billion baht ($4.34 billion) in Thailand over the next five years, a Thai government spokesperson said on Monday, supporting the Southeast Asian country's transition to making electric vehicles.

COVID-19 cases while the active caseload jumped to 4,054, according to Union Health Ministry data. The total fatalities were recorded at 5,33,334 (5.33 lakh) with one new death reported from Kerala in the previous 24 hours, the data updated at 8 am showed.

Narendra Modi on Monday handed over the cheque of about Rs 224 crore in dues accrued to the workers of Hukumchand Mill, to the official liquidator and heads of the Labour Union of Hukumchand Mill in Indore via video conferencing. The programme marks the settlement of long pending demands of the Hukumchand Mill workers. «I congratulate you all for this program organised on the occasion of 'Good Governance Day'...Today cheques worth about Rs 224 crores have been handed over. In the coming days, this money will reach our workers,» PM Modi said. «I know you have faced several difficulties.

Ajit Pawar on Monday said that currently, there is “no alternative" to Prime Minister Narendra Modi in the country. As reported by PTI, Pawar's response came when reporters inquired about opposition parties contemplating a challenge to Modi's leadership in anticipation of the upcoming Lok Sabha polls next year.

Year-ender 2023: In a remarkable shift, the Indian government's strategic transition from being a net importer to a net exporter has propelled the country's defence sector to new heights. The Ministry of Defence marked a historic year in 2023, witnessing a surge in defence exports, reaching an unprecedented ₹16,000 crore in the financial year—almost ₹3,000 crore more than the preceding year. Concurrently, defence production crossed the monumental milestone of ₹one lakh crore for the first time.

ANI, the original Parliament House in India, crafted by British architects Sir Edwin Lutyens and Herbert Baker, stands as a colonial-era structure that underwent a six-year construction period from 1921 to 1927. Originally designated as the Council House, the building functioned as the residence for the Imperial Legislative Council. Also Read: New Parliament inauguration row: Here's what Indian constitution says about powers of PM and President The demand for a replacement Indian Parliament building had been overdue for quite some time.

Saving and multiplying the hard-earned income is a human instinct. For decades, the earning populace continued to build assets with their long legacy of savings. People from every remote corner of the country are actively working towards building a substantial savings portfolio. Undoubtedly, having a financial cushion can help individuals bear unexpected expenses without having to resort to debt or financial burdens.

Toyota Motor Co. halted shipments of six car models in some Southeast Asian countries as its subsidiary Daihatsu Motor Co. faces a widening safety scandal, the Yomiuri reported without citing sources.

– By Avikshit Moral and Mahek Chheda

India’s real estate market received private equity (PE) investments of USD 3.0 billion from 23 deals in 2023 (January 01 – December12, 2023), as against USD 5.3 bn recorded in 2022, according to Knight Frank India.