Country Financial News

financial planning. Then, in 2020, spending on services, from hotel stays to hair cuts, collapsed owing to lockdowns. With people spending more time at home, demand for goods jumped, with a rush for computer equipment and exercise bikes.

Elections are shining a spotlight on struggling emerging markets, with the prospect of fresh leadership unlocking opportunities in the asset class.

Volatility in vegetable prices has increased in the last four years not just because of weather-related events but demand-supply mismatches, causing a problem for consumers, farmers and policymakers, according to a Crisil report released Monday. “The inflation volatility is bad for consumers and farmers and distracts policymakers in the short term, forcing frequent and repeated price smoothening measures,” Crisil said. Vegetables have a 6% share in the overall inflation basket and account for 15.5% weight in the food category. “In the past 100 months, CPI vegetable inflation was above its period average of 3.8% in 49 months. It was above 7% in 35 months, above 10% in 30 months and above 20% in 13 months,” Crisil economists noted in their report, pointing to higher volatility during the FY20-23 period compared with FY16-19. The report highlighted that potatoes, onions and tomatoes were the primary reason for the volatility in food prices, rising 9.1% on average during this period, compared with 4.8% annual inflation for other vegetables. Tomatoes, Onions and Potatoes account for a 5% share of India’s food basket. The high prices of tomatoes was one of the reasons for the vegetable price shock, which drove retail inflation to a 15-month high of 7.4% in July and 6.8% in August. Data released earlier this month showed that inflation eased to 5% in September as tomato prices declined. “Prices of tomatoes (a major driving force) and several other vegetables fell sharply by September.

ANI, Ansari said, “There is a saying, 'Mungeri Lal Ke Haseen Sapne'. Nobody can stop anyone from daydreaming. But one should dream as per one's capability.

NSE). The fiscal ending March 2024 is also seeing tremendous growth in UPI transactions in the first 6 months. This fiscal will see an even better record for UPI, he added.

fires. Civilians have been evacuated and soldiers in helmets guard the junctions. Every hour or so, Hizbullah missiles explode inside the border, and Israel launches a counter-barrage aimed at the Iran-backed militia.

tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned. The landmark agreement, brokered by the Organization for Economic Cooperation and Development, set a minimum global corporate tax of 15%. The idea was to stop multinational corporations, among them Apple and Nike, from using accounting and legal maneuvers to shift earnings to low- or no-tax havens.

(Reuters) -Airbus said on Monday it had signed two contracts valued at 1.2 billion euros ($1.27 billion) to provide capability enhancement and in-service support of France's fleet of A330 MRTTs (Multi Role Tanker Transports).

Congress on Monday charged that the gap between the ultra-rich and the middle class in the country is widening under the Modi government. Congress general secretary Jairam Ramesh said an analysis of the publicly available data on income tax returns for the period 2013-14 to 2021-22 confirms one of the essential themes of the Bharat Jodo Yatra — that of increasing income inequality. «The widening gap between the ultra-rich and the middle class under the Modi government is more and more apparent,» he said in a post on X.

Navratri has reached its conclusion as devotees across the country celebrate the auspicious occasion of Maha Navami, the ninth and final day of this nine-night festivities. Falling on October 23, 2023, this day holds immense significance as it marks the worship of Goddess Siddhidatri, the divine bestower of spiritual accomplishments and blessings.

«Good to see my friend DG @iaeaorg @rafaelmgrossi today. Congratulated him on his reappointment.

Australian graphite stocks surged after China announced export controls restricting supply of one of the key battery minerals required for electric vehicles, opening a new frontier in a trade war with the US and its allied nations.

The Victorian government’s team in charge of delivering the 2026 Commonwealth Games was so inexperienced it would have struggled to host a 500-person conference, an inquiry has been told.

Melissa Leong, the high-profile co-host of MasterChef Australia, will be pulled from the popular Channel Ten program, but the broadcaster insists she remains an important part of the television network.

By Mohi Narayan

(Reuters) -Escalating tension in the Middle East and surging U.S. bond yields set financial markets up for more turbulence, exacerbated by high oil prices and China's property pain.

A day after Congress leader Rahul Gandhi called Agniveer a scheme devised to “insult” India’s bravehearts, claiming no pension or other benefits are given to the families of Agniveers after their martyrdom, the Indian Army clarified that financial support is being offered to the family of Agniveer Gawate Akshay Laxman who died in the line of duty.

As thе calеndar approachеs thе holiday sеason in India, thе air is thick with еxcitеmеnt, joy and nеw bеginnings. This lovеly timе of yеar in 2023 isn’t just about partying with family and friеnds; it’s also thе idеal sеason to invеst in India’s thriving rеal еstatе markеt. Thе Indian festive sеason, distinguishеd by a plеthora of fеstivals, еxudеs hopе, frеsh bеginnings and wеalth. It’s also an еxcеllеnt opportunity to look into invеsting options in thе Indian rеal еstatе markеt.

It is that time of the year when the country is gearing up for the festive season beginning from Ganesh Chaturthi leading into Navratri, Diwali, Christmas and New Year. Apart from the festivity and shopping splurges that are high during this time, investments also play a key role, especially in terms of real estate that has been gaining ground as properties are seen as a stronger and consistent investment medium than traditional alternatives. As we herald the festive season, we anticipate that residential real estate sector will grow by around 20% growth.

Backed by strong residential sales and collections from customers, property developers are not utilising credit lines sanctioned by their lenders including banks, housing finance companies and non banking finance companies (NBFCs) for construction finance .

Indian dog breed Rampur hound, Himalayan mountain canines Himachali shepherd, Gaddi and Bakharwal and the Tibetan mastiff are likely to be deployed soon for police duties like sniffing out suspects, narcotics and explosives, besides patrolling risk-prone areas, officials said. The Central Armed Police Forces (CAPFs) like the BSF, CRPF and CISF are all set to recruit Indian dog breeds for police duties as trials of a few such as the Rampur Hound are underway. An order has also been issued for testing the Himalayan mountain canines.