Country Financial News

Infosys co-founder NR Narayana Murthy's suggestion to India's youth to work more hours has stirred a controversy in a country that has among the world's longest working weeks, yet trails in labour productivity by international standards. The obvious analogies to rebuilding post-war Germany and Japan may be misleading, because those countries faced labour shortages. India has a problem with unemployment and underemployment that pulls down its labour productivity.

general elections next year. The Bangladesh Nationalist Party has denounced Fakhrul Islam Alamgir’s detention and announced a three-day blockade of mainly roads and public transportation across the country starting on Tuesday.

New Delhi: Norway will help fund India’s ‘Hunger Project’ and help strengthen women leaders to protect the environment and promote food security in Uttarakhand. The duration of the project would be three years, until September 2026 with a budget of ₹44.7 million, an official said.

Narendra Modi unveiled this ambitious project on 9 September during the G-20 summit in New Delhi. It has the potential to change face of Asia and Europe through the building of transport and communication links via rail, road, and the sea. Along with the US, Saudi Arabia, UAE, the EU, Italy, France, and Germany have signed a Memorandum of Understanding for this project.

New Delhi: The government is planning to create a real-time supply and demand model for select agricultural commodities that will help it plan and evaluate policy for a volatile market. The “mathematical model" will use dynamic and real-time data from high-frequency indicators and historical trends, said a government official requesting anonymity. The step comes at a time when consumers have been battling price volatility in several essential commodities and the government has launched a slew of measures to keep inflation in check.

New Delhi: An end of year deadline for a free trade deal between India and the European Union is unrealistic, the 27-nation grouping’s Ambassador to India, Hervé Delphin, said in an interview. Stressing the need for a level playing field for European businesses, Delphin cited concerns about India’s regulatory uncertainty as a potential dampener on EU investments. Edited excerpts: I don’t think that, to my knowledge, India has had such a large-scale FTA with any other partner.

Investors face a growing risk that climate change will result in a sudden loss of value, with existing portfolio models often falling short, according to an analysis by Markus Müller, chief investment officer for ESG at Deutsche Bank.

Sikh community has done a lot to protect the Sanatan Dharma, Defence Minister Rajnath Singh on Sunday said it was Sikhs who started the Ram Janmabhoomi movement and their contribution can never be forgotten by any Indian. Singh said this while addressing a gathering at Lucknow's Alambagh Gurudwara on Prakash Utsav of Guru Granth Sahib. «The Sikh community has done a lot to protect the Sanatan Dharma.

Congress leader P Chidambaram on Sunday said a caste census was essential if one supported reservations as the exercise would help fix the quota process for different sections of society. Addressing a press conference at the Congress' Rajiv Bhawan here, the former Union minister asked if tigers and elephants can be counted, why can't there be a caste census in the country. «We should know how many people belong to Scheduled Castes, Scheduled Tribes, OBCs, non backward class.

Democratic Progressive Azad Party (DPAP) chairman Ghulam Nabi Azad on Sunday said he would never indulge in the politics of hatred and invoke religion to garner votes. The former Jammu and Kashmir chief minister also promised people that his politics would always be based on moral and social values and he would never discriminate among them on the basis of religion. «Doing politics by invoking religion and spreading hatred is not what my ideology stands for.

G20 summit, India is hosting another global gathering — the ICC Cricket World Cup 2023, which has returned to India after 12 years. In this period, India has established itself as the commercial centre of the sport, with a huge fan base that consists of traditional cricket enthusiasts, new young fans and increasingly women. This passion and conviction has drawn in global and Indian advertisers, even as 10-second ad spots are being priced at a 40% premium when compared to the 2019 World Cup.

Jehovah's Witnesses, whose prayer meeting in Kochi was marred by devastating bomb blasts on Sunday in which two people died and 52 others are seriously injured, is a Christian religious group that traces its origins to 19th century America. According to historians, Jehovah's Witnesses was considered an offshoot of the International Bible Students' Association, founded by Charles Taze Russell in Pittsburgh in the year 1872. Unlike mainstream Christian denominations, Jehovah's Witnesses do not believe in the Holy Trinity (God, the Father; God, the Son — Jesus; and God the Holy Spirit) but worship Jehovah as the «the God of the Bible and the Creator of all things».

BRUSSELS : The Group of Seven industrial countries will on Monday agree a code of conduct for companies developing advanced artificial intelligence systems, a G7 document showed, as governments seek to mitigate the risks and potential misuse of the technology. The voluntary code of conduct will set a landmark for how major countries govern AI, amid privacy concerns and security risks, the document seen by Reuters showed.

Dominic Martin claiming that he belonged to the same group of sabha. Here is what we know so far about the person who claims responsibilty for the serial blasts. "One person has surrendered in Kodakra Police Station, in Thrissur Rural, claiming that he has done it.

killing eight people and wounding 13 others in two separate shootings in Maine, was likely experiencing a mental health crisis and did not expect to be found alive following his rampage.In a press conference Saturday, Maine Department of Public Safety Commissioner Mike Sauschuck said there were still questions around the motive of Card’s Lewiston shootings.“Clearly, there’s a mental health component to this,” Sauschuck said.“There’s a piece of that where there’s paranoia, there is some conspiracy theorists piece that, I think that what I’ve read and what I’ve seen is that the individual felt like people were talking about him.”The discovery of Card’s body Friday brought an end to an extensive manhunt just over 48 hours after it began.

code of conduct for companies developing advanced artificial intelligence systems, a G7 document showed, as governments seek to mitigate the risks and potential misuse of the technology. The voluntary code of conduct will set a landmark for how major countries govern AI, amid privacy concerns and security risks, the document seen by Reuters showed.

caste census report either in November or December, Chief Minister Siddaramaiah said on Sunday. “Our government was the first to conduct a caste census in the entire country. I had got the caste census with the objective of knowing the economic, social and economic status of each caste,” he said, speaking at an event in Bengaluru. State Backward Classes Commission Chairman K Jayaprakash Hegde told ET early this month that the CM had asked for submission of the report in November.

Tyson Fury and Oleksandr Usyk for the undisputed heavyweight title is unlikely to occur until next year, according to promoter Frank Warren. Fury recently secured a controversial split decision victory over Francis Ngannou in a non-title fight in Saudi Arabia.

TMC is plundering West Bengal's resources, depriving the people of their needs, BJP state president Sukanta Majumdar alleged on Sunday. Speaking at a programme organised by the state BJP to commemorate the 'Amrit Kalash Yatra', he said one TMC leader after the other is going to jail in corruption cases, and no one knows where will it end. «While Prime Minister Narendra Modi is paying homage to the great sons of the country with the 'Meri Mati, Mera Desh' programme, the TMC is plundering the resources of the state and depriving the people,» alleged Majumdar, the MP of Balurghat.

disclosure rules tougher for limited liability partnerships (LLPs), which will now be required to maintain a register of partners with details of their beneficial interests and both tangible and intangible contributions. According to the Limited Liability Partnership (Third Amendment) Rules, 2023, notified by the Ministry of Corporate Affairs (MCA), even upcoming LLPs have to maintain such a register, at their registered offices, within 30 days of incorporation. The new rules came into force on October 28. The move, aimed at improving transparency in the way LLPs operate in the country, comes just when a record number of companies and such partnership firms are getting incorporated this fiscal year. The rules say the register of partners must have details of the amount and nature of their contributions, apart from basic professional and personal details, including office address, email ID and permanent account number. The contributions must indicate their “tangible, intangible, movable, immovable or other benefit to the limited liability partnership, including money, promissory notes, other agreements to contribute cash or property, and contracts for services performed or to be performed, with monetary value and any other interest, if any”. In case of any change, the entries in the register will have to be updated in seven days. The new rules say a partner who does not hold any beneficial interest in contribution must state so in a filing with the LLP within 30 days of his name being featured in the register of partners. At the same time, those who don’t feature in the register as partners but hold beneficial interests in contributions of the LLP must declare so in 30 days.

Niti Aayog's, the government's think-tank, is finalising the draft Vison 2047, projecting India to be $30 trillion economy and will lay out a roadmap to help India escape the middle-income trap as India becomes a developed nation by 2047. The document, which will be released by PM Narendra Modi, and made public over the next three months will focus on radical restructuring of the government, NITI Aayog CEO BVR Subramanian said in a select media briefing on Sunday. The Aayog, which has harmonised and combined the recommendations of the 10 secretary-level sectoral groups, will hold final presentation to these group in the first week of November followed by meeting with thought leaders including industrialists and academia in the third week of November as it plans to finalise the draft document by December 2023. According to Subramanian, the government has projected India's population to be 150 crore by 2047 and the per capita income of $18,000-$20,000 by 2047 based on which the broad vision has been firmed up. «For India to be a developed nation, we need to recast the whole government in a way that decisions are taken at the lower level while upper level is responsible to strategise for a better future with targetted intervention,» he said. Niti Aayog has done macro modelling, fixing tangible goals for the country by 2030 and structural changes needed by 2047 to make India a Viksit Bharat as envisioned by PM Modi, Subramanian said. The Vision 2047 document, the work on which kick-started in December 2021, will see greater role of states in implementing the policies as Centre and states work together as Team India.