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Union Budget on February 1, 2024, along with the general elections in the same year. During an election year, the government does not present a full-fledged Budget for the whole year, instead the government prepares an interim budget or a vote on account. Livemint explains what these terms mean and how they are different from the Union Budget.

South Korea has launched its first military spy satellite, a little over a week after rival North Korea claimed to put its own spy satellite into orbit for the first time

BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people

The head of the union that represents track maintenance workers says Union Pacific is jeopardizing safety by delaying nearly 1,200 planned projects until next year and laying off more than 1,000 workers

shortage of skilled labour is posing major challenges for Indian manufacturers in sectors such as engineering, automotive, electronics, infrastructure, chemical, pharmaceutical and food processing. According to a survey by workforce and HR management service provider Ultimate Kronos Group covering more than 300 manufacturers, 76% of the organisations reported skilled labour shortage hurting their profitability in 2023 – with 35% defining the impact as “severe”.

China business and expand aggressively in the face of a consumer slowdown and geopolitical tensions seems risky — but the potential pay-off is great, analysts say. Last month, the US-based burger maker cut a deal to repurchase the 28% stake in its China business Carlyle Group took in 2017, giving it a 48% share in $6 billion worth of operations that include Hong Kong and Macau. The move contrasts sharply with the prevailing trend of multinational corporations reeling back investments in China or even exiting altogether because of geopolitical and economic challenges. One advantage for McDonald's: its majority partner in the China business, CITIC, provides top-level political cover, said Jason Yu, greater China managing director of market research firm Kantar Worldpanel. «Having a very powerful Chinese state-owned conglomerate as a partner means they are not going to be at the forefront of the geopolitical situation; that is quite important,» Yu said. McDonald's China, Carlyle Group and CITIC declined to comment. Other consumer-facing U.S. firms, including Starbucks, Apple, Coach owner Tapestry and sportswear giant Nike, have remained similarly dedicated to the China market. Starbucks and Nike, which face increased competition from lower-priced domestic competitors, show the need to stay agile in order to protect and grow market share, analysts say. The coffee giant is sticking with expansion plans and launched a smaller cup size; Nike, by contrast, has offered localised, higher-end sneakers such as its «Year of the Rabbit» Dunk Lows. McDonald's has used funds from the Carlyle investment to double its restaurant count since 2017 to 5,500, and the country has become its second-largest market.

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global market front, Asian markets traded mixed while the US stocks ended higher on dovish commentary from Fed officials. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — December 4 The Indian equity market witnessed healthy gains on Friday, with the benchmark Nifty 50 hitting its fresh record high in the intraday session after India's Q2 GDP numbers exceeded expectations.

GDP emission intensity by 33 per cent between 2005 and 2019, achieving the target 11 years in advance, according to a government report. The report also said India's GDP grew at a cumulative annual growth rate of 7 per cent but its emissions rose by only 4 per cent per year during this period, suggesting that the country has been successful in decoupling its economic growth from planet-warming greenhouse gas emissions.

—Name withheld on request Third-party (TP) insurance primarily addresses damages to bodily injury, fatal cases for the occupants travelling in the vehicle, and loss to any vehicle that you might have an accident with, as well as bodily injury or death of passengers of the said vehicle, any property that might be damaged due to your car, or injury or death of any pedestrian. This does not directly cover damages to your vehicle (also called own damage). In a scenario like a vehicle pile-up, where you impact the vehicle in front, your TP policy would cover damages to that vehicle subject to fault evidence established by the insured vehicle through court proceedings.

Oil India Ltd. However, there is no specification or mandate on how much gas should go to each of the two segments. Under the administered price mechanism (APM), the price of gas from legacy fields is capped, making it cheaper than gas from other fields.

Bharat Jodo Yatra energised the Congress' rank and file but the jury is out on the electoral impact it had on the states through which it passed with the party winning Karnataka in May and now Telangana while losing the Hindi-heartland states of Madhya Pradesh and Rajasthan. The assembly polls following the yatra has thrown up a mixed 2-2 result. Karnataka and Telangana went to the Congress but it suffered crushing defeats in Madhya Pradesh and Rajasthan at the hands of the BJP.

Motilal Oswal Financial Services. “While markets could see fresh institutional and retail buying of CPSEs (central public sector enterprises), the rally to new highs of 20,500 and 20,750 will be aided by short-covering by FPIs and call-options sellers." NSE data show that retail and HNI clients as well as proprietary traders were cumulatively net short index options, while FPIs were net long both on calls and puts. While some of these positions are hedges, others were initiated just ahead of the election outcome.

Lok Sabha elections. Speaking of other parties, the BJP, which has 3 members in the outgoing 119-member House, was leading in 8 seats while Asaduddin Owaisi's AIMIM party was seen leading in 6 seats while CPI in 1.

₹3,100 per quintal in its manifesto. The Congress announced that it would buy paddy from farmers at ₹3,200 per quintal. It also promised a farm loan waiver, free electricity up to 200 units, a 50% discount on power bills for up to 400 units, and a 50% loan subsidy for self-employment.

carbon markets (VCMs) in a sector of growing importance to efforts to combat climate change. IOSCO, which groups market watchdogs from Asia, Europe, Latin America and the United States, launched a 90-day public consultation on a set of good practices for national regulators to apply. «VCMs have gained significant importance in recent years. But for these markets to succeed, they need integrity — both environmental and financial,» Rodrigo Buenaventura, chair of IOSCO's sustainable finance taskforce, told an event at the COP28 climate summit in Dubai on Sunday. The two weeks of UN talks, which began on Nov.

By YP Rajesh, Rupam Jain and Krishn Kaushik

Pahalgam and Gulmarg continued to reel under sub-zero temperatures on Sunday even as rest of Kashmir witnessed warmer than usual night, the weather department said. Gulmarg skiing resort in north Kashmir's Baramulla district recorded a low of minus 3.6 degrees Celsius and was the coldest place in the valley, the meteorological department added.

WhatsApp banned a total of 7,548,000 accounts in India, with 1,919,000 of these accounts being proactively banned before any user reports. As per the instant messaging platform, the section on user grievances provides insights into the types of complaints received and the corresponding actions taken.

TLDR 

December is here, and very soon, we will say goodbye to 2023 and welcome 2024. It is a good time to reflect on your financial planning journey by reviewing the past year's achievements and planning for the year ahead. You may take the following 6 steps for a smooth financial planning journey.