Explainer Financial News

15.08 / 10:45

FIVE show country Explainer stake Mint Explainer: BRICS Summit is around the corner. What’s at stake?

BRICS Leaders’ Summit is set to be held from 22 August to 24 August, with leaders from Brazil, South Africa, India and China expected to meet in Johannesburg. Mint looks at what is the agenda. – Leaders of the BRICS nations, minus Russian president Vladimir Putin, will meet in later this month in South Africa for the 15th Summit.

15.08 / 10:45

Explainer independence day Mint Explainer: Key takeaways from PM Modi’s Independence Day speech

Narendra Modi addressed the nation from the Red Fort on India’s 77th Independence Day. From outlining the achievements of the National Democratic Alliance (NDA) government since 2014 to announcing new schemes, Modi touched on a range of subjects in his address.

14.08 / 17:15

COST UPS Citi Extreme Hawaiian Disaster Explainer Explainer-What to know about Maui's wildfires, Hawaii's deadliest disaster

By Jonathan Oatis

14.08 / 14:43

LGBT Platform social Explainer Stock exchanges Mint Explainer: Why are social stock exchanges needed?

tax benefits that are identical to donations made to charity trusts currently. Currently, raising money for charity is a big challenge for many NGOs. A key source of funding comes from the corporate social responsibility (CSR) spending by big firms.

14.08 / 11:27

UPS BLOCK Maxim country Explainer Power Mint Explainer: What is India doing to meet its rising power demand?

Mint takes a look at the trend in India's power demand and how the government plans to manage the rising need. Power demand remained elevated due to high temperatures after subdued demand in July following heavy rains across parts of north India. The peak demand has neared the Central Electricity Authority's (CEA) projection of 230 GW peak power demand for this year.

14.08 / 10:39

UPS Align Enterprise show electronic Explainer businesses Indian Mint Explainer: What GST data reveals about Indian businesses

Mint takes a closer look at the trends. The data confirms the general principle of 'vital few' – that in any data set, the bulk of the effects come from a few of the causes. Of the more than 14 million GST registered enterprises, more than half belong to six states, led by Uttar Pradesh, Maharashtra, Gujarat and Tamil Nadu.

13.08 / 13:43

Target MET BLOCK Explainer Mint Explainer: What are the government's divestment plans for FY24?

₹51,000 crore from stake sales in state-run companies. In FY24, the government plans to privatise a host of companies such as Shipping Corporation of India, NMDC Steel, BEML, HLL Lifecare, Container Corporation of India and Vizag Steel. The government also plans to divest its holdings in IDBI Bank in the current fiscal year.

13.08 / 04:57

COST Platform Southern Explainer Mint Explainer: How did ONGC double its consolidated net profit in Q1?

₹17,383 crore, despite gross revenue falling 10.4% to ₹1.63 lakh crore. Here’s a look at how the public-sector energy giant increased its profits. Its revenue from operations during the period under review was ₹1.63 lakh crore, compared to ₹1.82 lakh crore a year ago.

12.08 / 12:03

UPS Progressive Gap PINK stage country Explainer Mint Explainer: From scanty to deluge, how has sowing fared this monsoon season

As the monsoon current gathered pace over the past month, after a tepid start in June, so did Kharif sowing activities in the country. Farmers have sown summer crops across 98 million hectare so far, up significantly from 20.3 million hectare as on 30 June. July ended with 6% above normal rains compared with a 10% deficit in June.

12.08 / 10:45

Reuters Digital Manufacturing performer electronic Explainer fall Mint Explainer: Why did India's industrial production fall in June?

NEW DELHI: India's industrial production growth dipped to 3.7% in June, from 5.3% in May. Mint explains why. The growth fell during June primarily due to weaker manufacturing growth.

12.08 / 07:43

Platform Action Explainer Mint Explainer: What does GST law amendments say?

online games and those involving a wager. Only the actionable claims offered by 'online money games' are subject to 28% tax on the full value of the deposits made to a platform. Online money games are those in which the player deposits an amount in the expectation of winning some amount in a game or event.

11.08 / 13:37

UPS Lowe's Citizens country Explainer Mint Explainer: 1.6 million Indians renounced their citizenship over a decade. A look at what’s happening

COVID-19 pandemic. – Those same individuals have acquired citizenship of a vast array of countries. The United States was a hot favourite with 71,991 individuals acquiring US citizenship in 2022.

11.08 / 11:55

COST Target Progressive Manufacturing Align show Explainer Mint explainer: Why did RBI revise inflation forecast higher in August policy?

Reserve Bank if India (RBI) revise inflation forecast? Headline inflation projection for Q2 of 2023-24 has been revised higher substantially, primarily due to the price shock from vegetables. Since the last policy in June, inflationary pressures have increased, with headline Consumer Price Index (CPI)-based inflation rising from 4.3% in May to 4.8% in June. Economists are expecting vegetables prices to push headline CPI inflation to above 6% year-on-year (YoY) in July.

11.08 / 07:09

country Explainer National Mint Explainer: How high is India’s national debt?

Mint takes a look at the government's debt situation. The national debt stood at ₹155.6 lakh crore (57.1% of GDP) as of 31 March, 2023. It was ₹58.6 lakh crore (52.2% of GDP) on 31 March 2014, just before the current government came to power.

11.08 / 05:39

Discover AMD country electronic rock Earth Explainer Mint Explainer: The significance of India's quest for rare earth elements

Minerals containing rare earth elements have become some of the most prized resources globally as countries rush to develop semiconductor industries and transition to clean energy. The Indian government, too, is looking to increase domestic production of rare earth elements. Here’s a look at the state of the country’s rare earth reserves.

10.08 / 13:09

Digital Extreme Platform social Explainer Mint Explainer: Concerns around Digital Personal Data Protection law

India will soon have its first law on protection of personal data belonging to users, treatments and processing of the data by entities, including the government, and a legislative framework aimed at making platforms, big and small, accountable for using the data which has to be used for the purpose it is taken. Yet, legal experts, Parliament members and policy consultants have flagged several concerns that the Digital Personal Data Protection (DPDP) Bill does not address.

10.08 / 10:57

FIVE country Explainer National Mint Explainer: Pakistan dissolves National Assembly ahead of elections

Mint takes a look at the situation in the crisis-hit country, including the election and when it will take place. • Last week, Sharif announced that the National Assembly would be dissolved on Wednesday. According to established procedures, a caretaker administration will take over the reins of government during the election campaign.

10.08 / 10:57

Provident Mobile performer stage Explainer audit Mint Explainer: CAG audit exposes lapses in PMJAY. What are these?

₹ 5 lakh per family per year to over 10.741 crore families from the poor and vulnerable section of the population. PMJAY is an entitlement-based scheme which aims to improve affordability, accessibility, and quality of care for the poor and vulnerable section of the population. So far, 5,47,68,027 hospital admissions have been authorized and 24,42,78,276 Ayushman cards have been created under the scheme.

10.08 / 10:57

UPS Cooper Explainer Mint Explainer: With food security in focus, how do India food stocks stack up?

Agricultural Cooperative Marketing Federation of India is expected to intervene with supplies in the open market this month, which could bring temporary relief to consumers.

10.08 / 05:03

UPS Citi Waters Extreme show Explainer Explainer-What are China's 'sponge cities' and why aren't they stopping the floods?

The initiative was launched to boost flood resilience in major cities and make better use of rainwater through architectural, engineering and infrastructural tweaks. But cities remain vulnerable to heavy rain. In July alone, floods and related geological disasters caused 142 deaths and disappearances, destroyed 2,300 homes and caused direct economic losses of 15.78 billion yuan ($2.19 billion), China's emergency ministry said on Monday.

09.08 / 22:51

Target Reuters Manufacturing Action Software country electronic Explainer Explainer-US starts process to restrict some investment in key tech in China

By Andrea Shalal and Karen Freifeld

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