Country Financial News

reported that the union government is planning to allow Indian companies to list overseas directly. Speaking at an event in Mumbai, the finance minister Nirmala Sitharaman said the government has decided to allow companies to list at the International Financial Services Center (IFSC) GIFT City to start with before expanding this to other countries.

By Jamie McGeever

Panelists Yelena Shulyatyeva and JC Parets react to the inflation report on 'The Claman Countdown.'

MUMBAI : Second quarter gross domestic product (GDP) numbers, “in all probability", will surprise on the upside, Reserve Bank of India governor Shaktikanta Das on Tuesday said. The RBI’s monetary policy committee (MPC) has pegged Q2 GDP growth at 6.5%. GDP growth in Q1 stood at 7.8%.

NEW DELHI : The government is reviewing the country’s legal framework to identify gaps that financial offenders could exploit for laundering money, with possible tweaks in rules and regulations expected over the next few weeks, two people familiar with the development said. The focus is to ensure the legal system stands the scrutiny of the Financial Action Task Force (FATF) recommendations. India is undergoing a peer review by the UN body, which assesses the technical compliance of its recommendations and the effectiveness of a country’s anti-money laundering and anti-terror financing framework.

NEW DELHI : India will investigate the notifications sent by iPhone maker Apple Inc. to several users, including members of Parliament (MPs) from the Opposition parties, claiming state-sponsored attackers were attempting to compromise their Apple devices.

NEW DELHI : Taiwan may get a “representation" in the International Solar Alliance (ISA), said two people aware of the development, a move that underscores sharpened rivalry between India and China. Although Taiwan has sought membership of the alliance, ISA is unlikely to accord it full membership as it is not recognized by the United Nations. The ISA is the first treaty-based international government organization headquartered in India, and it has been a key part of India’s foreign policy outreach to the developing world.

With 60 per cent of Canadian mortgages set to come up for renewal within the next three years, homeowners are facing a “payment shock” unless interest rates come down in a significant way, according to Royal Bank of Canada.

Finance Minister Chrystia Freeland says she will meet provincial and territorial finance ministers later this week to discuss the possibility of Alberta’s withdrawal from the Canada Pension Plan (CPP).

There was a “record spike” in the number of immigrants who left Canada between 2016 and 2019, according to a new study that urged the government to make retaining newcomers a top priority to boost the economy.

heating oil from the carbon price for the next three years, a policy that primarily benefits residents in Atlantic Canada.Energy and Natural Resources Minister Jonathan Wilkinson first said the federal pollution price will remain in place for other forms of home heating on his way into cabinet Tuesday morning.“There will be no more carve-outs coming,” Wilkinson said, who stressed Canadians on heating oil stand to save around $2,500 annually now.Conservative Leader Pierre Poilievre spent question period pressing Trudeau on the exemption, accusing him of doing it for political, not environmental reasons.Trudeau responded saying that eight out of 10 Canadians who use natural gas for heat get more money back from carbon rebates than they pay.NDP Leader Jagmeet Singh says the approach is one that divides the country.“It provides help to those that live in the ridings where the Liberals are worried about losing their seats and doesn’t provide help across the country. It’s a divisive approach,” Singh said.As an alternative, Singh called on the government to remove GST from all forms of home heating, calling it an essential as winter approaches.Premiers across the country are calling the federal carbon price exemption on home heating oil unfair as the policy announced last week primarily benefits Atlantic Canada.

Narendra Modi attacked the INDIA bloc without directly naming it, and said that the big political formation cannot see any way to do positive politics and that its strategies were against the society and the country. Taking part in the celebration of 'Rashtriya Ekta Diwas' after paying floral tribute to Sardar Patel on his birth anniversary, he said, «The season of election is upon the country. Process of election is on across many states and next year Lok Sabha elections will take place.

By Dan Levine and Hyunjoo Jin

By Arathy Somasekhar

By Giuseppe Fonte

Real impact, not just proximity: That’s the takeaway for oil bulls who expected the Israel-Hamas war to guarantee pricing at $100 per barrel or more, only to realize that even the worst fighting the Middle East has seen in decades cannot give them a free ride unless the crude traffic itself takes a hit.

Christopher Nolan's "Oppenheimer" is making a comeback on Imax screens near you for a one-week encore presentation. Starting Friday, the blockbuster historical drama will return on the big(gest) screen, including six Imax 70mm film locations across US, United Kingdom and Australia. Reemerging during a tranquil phase for the box office, at a time of no major releases over the weekend, «Oppenheimer» is expected to reclaim much of the Imax spotlight. Disney's superhero spectacle "The Marvels," is likely to dominate Imax theaters upon its release on November 10. Starring Cillian Murphy as the renowned «father of the atomic bomb,» «Oppenheimer» amassed a staggering $946 million globally, becoming the third-highest-grossing film of the year and the second-highest-grossing R-rated film in cinematic history. During the press tour last summer, Nolan championed the use of Imax cameras, leading ardent fans to journey across state lines in pursuit of the optimal viewing experience.

Nirmala Sitharaman will be on a three-day official visit to Sri Lanka beginning Wednesday to address 'NAAM 200' and India Sri Lanka Business Summit, among others. During her visit, she will give the keynote address as the Guest of Honour at the 'NAAM 200' organised by the Government of Sri Lanka to commemorate the 200th anniversary of arrival of India-origin Tamils (IOTs) to the island nation on November 2 in Colombo, the finance ministry said in a statement on Tuesday.

United States accused Russian President Vladimir Putin Tuesday of trying to use the Israel-Hamas war to reduce Western support for Ukraine, which it said requires continued backing from Washington to prevent Russian success. Hamas militants carried out a shock cross-border attack from Gaza this month that Israeli officials say killed more than 1,400 people, prompting Washington to rush military aid to Israel and sparking fears in Kyiv that backing for its war against invading Russian forces could suffer. «Putin is very much trying to take advantage of the Hamas attack on Israel in the hopes that it will distract us… and that it will result in the United States pulling back its resources» from Ukraine, US Secretary of State Antony Blinken told a Senate hearing on supplemental national security funding. Defense Secretary Lloyd Austin warned during the same hearing that Putin will succeed in his bid to seize Ukrainian territory if the United States halts support for Kyiv. «I can guarantee you that without our support, Putin will be successful,» Austin said.

medical colleges in the country will be rated based on the quality of education they provide. The National Medical Commission (NMC) had signed an MoU with the Quality Council of India (QCI) for assessing ratings of the medical institutions in July.

The minimum wages in the neighbouring states, they have said in representations to the government, are less, and a further hike could make them less competitive compared to the industries in towns in neighbouring states. The minimum wages in Karnataka are the second highest in the country, and another round of increase could hurt the state’s investment prospects, they have said. The industry associations have submitted letters to the departments of Industry and Labour, as well as the chief secretary calling for government intervention. The Labour department is re-working on a revised minimum wage structure as per the September 26 directions of the High Court.