Explainer Financial News

09.08 / 11:35

UPS Provident Borrowing Explainer Mint Explainer: What are the government's borrowing plans for FY24?

₹17.99 trillion from various sources. This figure represents about 40% of the total net size of the Union Budget for that year, which amounts to ₹45.03 trillion.

09.08 / 09:49

COST UPS FIVE Continental show Explainer Explainer-Why Germany's property sector is in the dumps

By Tom Sims

09.08 / 09:33

Provident Citizens Waters Indus country Explainer Mint Explainer: 308 Indians held in Pakistan’s prisons. Here’s why

maritime boundaries between the two countries are somewhat blurry, fishermen have been caught in the net of authorities from both India and Pakistan. – This sets in motion a flurry of diplomatic activity where both governments push for the early release and repatriation of those languishing in jails.

09.08 / 09:33

COST Provident Target Platform Parke Opera audience Explainer Centre Mint Explainer: What makes ITPO, India’s new convention centre, special?

₹2,700 crore. Mint details the features of the new convention centre, which is one of the largest in the world. • The Pragati Maidan Ccomplex with a campus area of approximately 123 acres is India’s largest MICE (meetings, incentives, conferences, and exhibitions) destination.

09.08 / 07:13

Booking Gap Parke NIFTY Fitch country Explainer Mint Explainer: Nifty earnings yield and its impact on FPI buying

US bonds, booking profits in emerging markets (EMs) like India and repatriating some of their gains to the safety of the dollar. Their sharply reduced purchases of Indian equities so far this month correspond with a global equity selloff prompted by Fitch Ratings’ downgrade of the US sovereign rating which spurred rallies in Treasury yields and the dollar. Last week, Fitch Ratings cut the US’s sovereign credit grade one level to AA+ from AAA, two months after it warned the rating was under threat due to oft-repeated political standoffs on the debt ceiling.

09.08 / 05:25

Explainer Manipur violence: What provoked ethnic clashes? What govt saying? EXPLAINER

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

08.08 / 13:49

UPS Provident Target show country Explainer Mint Explainer: LPG price trend, impact on consumers and steps to curb the rise

gas prices after the Ukraine war. However, since the majority of Indian population relies on LPG, it comprises a major part of a household budget making it a politically sensitive commodity. As a result, the price rise of a 14-kg LPG cylinder has not seen an increase in line with global prices.

07.08 / 14:27

FIVE Aviat Airlines Boeing Enterprise Honeywell Explainer Mint Explainer: Akasa Air turns 1. What now?

New Delhi: India’s youngest airline Akasa Air completes one year of operations today and is now getting ready to launch international flights as it now has 20 aircraft in its fleet. According to the current regulatory framework, an airline needs to complete five years of operations or must have a fleet of at least 20 aircraft to be eligible to fly overseas. Mint takes a look at where is Akasa headed: The idea of Akasa Air took birth during the year 2020 when industry veteran Vinay Dube approached stock market investor Rakesh Jhunjhunwala.

06.08 / 06:35

UPS Prison Explainer Mint Explainer: Imran Khan sentenced to three years in prison for corruption

Mint takes a look at the country’s troubled politics as the conflict between Khan and the incumbent government heats up.

05.08 / 13:21

UPS Booking Action Deloitte stage cover Explainer Financial Mint Explainer: What is behind ICAI's review of Byju's financial statements?

edtech business Byju's. Mint takes a look at what this entails and what it means for the company and the auditor. ICAI takes up financial statements of companies including the auditor’s report for a review either on its own accord or on a reference from a sectoral regulator.

05.08 / 11:43

Progressive Action COP track country Explainer COP28 place Mint explainer: What to expect from COP28 taking place in November in UAE?

The 2023 UN Climate Change Conference will convene from 30 November to 12 December 2023 in Dubai, United Arab Emirates (UAE). Mint explains what to expect from the 28th meeting of the Conference of the Parties (COP 28). A.

05.08 / 09:11

COST Provident Manufacturing country Explainer Mint Explainer: Why India revised good manufacturing practices for MSME drug cos

₹250 crore will have to compulsorily follow GMP within six months, while those with a turnover of less than ₹250 crore will have to do so in a 12-month period. The government amending schedule M of the Drugs and Cosmetics Rules, 1945 to upgrade and tighten the GMP norms for pharma firms. This compulsory compliance comes after the government inspection found serious lapses in the maintenance by these drug firms.

04.08 / 14:47

COST Lowe's Target Progressive Gap Align Explainer Explainer-Charting the Fed's policy path

(Reuters) — Investors are increasingly of a mind that the U.S. Federal Reserve has delivered the final installment of what has been most aggressive policy-tightening cycle in four decades, but central bank officials caution it is still too soon to make that call.

04.08 / 11:09

Explainer Mint Explainer: Which are India’s most indebted states?

DISCOM Assurance Yojana, farm-loan waivers and pandemic-related revenue losses. States have been further hampered by additional expenditures and a slowdown in growth.

04.08 / 11:09

Explainer open Mint Explainer: How the mining legislations open up assets for private sector

Mint delves into these two transformative bills that will increase the scale and scope of mineral exploration and production. The OAMDR Act, 2002 came into force in 2010. However, no mining activity has been undertaken in the offshore areas till date.

04.08 / 10:41

Explainer medicines Mint Explainer: QR codes or barcodes now mandatory for top 300 medicines

Mint takes a closer look. It has been brought to ensure the authenticity of drugs, as the code will contain details such as the manufacturer's name and the date of expiry, among other things.

03.08 / 10:01

UPS Citi Extreme shootings Explainer Mint Explainer: Why are tomato prices shooting up again?

₹150-170 a kilo last week. Mint explains why. Tomato prices started shooting up again last Friday.

02.08 / 12:23

COST Lowe's Digital country Explainer Mint Explainer: What do the free trade agreements mean for India?

free trade agreements (FTA) with nearly half a dozen countries. Mint explains what is fuelling these pacts and what they mean for India’s international trade. India is currently in talks with developed countries such as the UK, European Union, Canada and Australia for an FTA, an extensively used tool for economic integration.

02.08 / 10:27

UPS Provident Target Explainer Mint Explainer: Why does the outlook for union govt’s finances remain positive?

Mint explains why. In the first quarter of FY24 the government’s fiscal deficit widened to ₹4.51 trillion, or 25.3% of annual estimates, up from 21.2% a year ago. This was largely due to a sharp increase in capital expenditure and accelerated tax devolution to state governments, which offset the increase in non-tax revenue.

02.08 / 07:09

Explainer Mint Explainer: What we learnt from US Congressional hearings on UFOs

Last week, the US Congress heard testimony from three individuals – two former members of the navy and one former member of the intelligence community – who claim to have encountered unidentified flying objects (UFOs).

01.08 / 10:49

Citi Lowe's NASDAQ NYSE country Explainer Mint Explainer: What is direct overseas listing and how will it benefit firms?

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 expending this to other countries. Generally, companies incorporated and operating in a country are listed on local stock markets. However, some new-age companies require sophisticated investors who are willing to take big risks.

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