Explainer Financial News

31.07 / 10:25

UPS Aviat Airlines Strategy Dreams Explainer Mint Explainer: Jet Airways revival remains a distant dream

More than two years after the Jalan-Kalrock consortium’s bid to revive India’s erstwhile full-service carrier Jet Airways was approved by the National Company Law Tribunal, the implementation of the revival plan remains a distant dream. Mint explains the issue. The Jalan-Kalrock consortium said on 31 July that the civil-aviation regulator, the Directorate General of Civil Aviation, renewed the air operator certificate of Jet Airways on 28 July.

31.07 / 08:43

Manufacturing country Explainer Mint Explainer: Why the govt wants higher import duty on LPG, propane and butane

New Delhi: Finance Minister Nirmala Sitharaman will move a resolution in parliament on Monday to approve notifications seeking to increase import duty on liquified petroleum gas (LPG), propane and butane by amending the First Schedule of Customs Tariff Act. Mint explains the significance of the move. The government wants to increase import duties on certain products to reduce import bills, protect domestic industries, and generate employment.

30.07 / 05:21

Pool Explainer Mint Explainer: How fiscally healthy are states?

₹1 trillion in FY23, as per provisional actuals, led by Uttar Pradesh and Maharashtra, ICRA Ltd said. This increase in capital spending benefitted from the step-up under the central government's interest-free capex loan to an estimated Rs.

28.07 / 12:41

UPS Target Explainer Mint Explainer: Why are Indians abroad rushing to stock rice?

agricultural authorities report that nearly 250,000 ha of paddy fields in 14 districts of Punjab and 150,000 ha across seven districts of Haryana are inundated. If conditions persist, excessive rainfall could potentially result in a reduced crop yield due to additional damage to the paddy fields. The Black Sea grain deal holds critical significance due to the enormous influence Russia and Ukraine exert on the global grain market, contributing over one-third of total exports.

28.07 / 10:45

UPS Provident Explainer reform Mint Explainer: Two new bills seek to reform nursing and dentistry

New Delhi: The Lok Sabha on Friday passed the National Nursing and Midwifery Commission Bill, 2023 and the National Dental Commission Bill, 2023, which seek to regulate nursing and dental education and practice. These bills will replace the Indian Nursing Council Act, 1947 and the Dentists Act, 1948. The legislative changes are significant as they seek to bring greater transparency and quality to the fields of nursing, midwifery and dentistry.

27.07 / 12:45

COST UPS Explainer Mint Explainer: When and why do companies buy back their shares?

₹10,000 crore buyback (3.33 crore shares). A retail investor, defined as one holding up to ₹2 lakh of a company’s shares, can buy 66 shares of L&T (3000 x 66 < ₹2 lakh), rounded off for convenience. At Thursday’s closing price of ₹2,660, the offer of ₹3,000 is at a 13% premium, which is an attractive proposition .

27.07 / 12:03

UPS Explainer Returns Mint Explainer: Jan Vishwas amendment bill returns to Parliament

ease of doing business and reduce the huge backlog of court cases. Many of the provisions criminalising offences are antiquated and not relevant in present circumstances. These are being removed from the statutes and a penalty structure is being drawn up.

27.07 / 12:03

Provident BLOCK Extreme COMPOSITE exclusive Explainer Mint Explainer: Govt proposes bigger role for private companies in mining

New Delhi: The union government is pushing through its legislative agenda in the monsoon session of Parliament. It introduced six bills and passed one in the Lok Sabha on Wednesday, and more are likely to be introduced in the coming days. One of the key bills facing Parliamentary scrutiny is the Mines and Minerals (Development and Regulation Amendment) Bill, 2023.

27.07 / 10:09

COST UPS Citi show country Explainer Mint Explainer: Why sales of homes below ₹40 lakh are shrinking

₹40 lakh home. Going by analyst reports, not many developers want to build these homes anymore and buyers in large cities are not keen to buy them. While both the supply of and demand for affordable homes are shrinking, the mid-income and luxury segments are thriving.

27.07 / 08:39

Provident Digital Gap Strategy Mobile show country Explainer Schools Mint Explainer: Why UNESCO wants a global smartphone ban in schools

435-page report released on Wednesday. It said that while large-scale international assessment data, such as that provided by the Programme for International Student Assessment (PISA), suggest a negative link between excessive use of information and communications technology (ICT) and student performance, less than one in four schools have banned smartphones. UNESCO acknowledges that distance-learning tools deployed via the Internet, television and even radio were crucial during the pandemic, and can also help differently abled children who may struggle in a traditional, in-person setting.

27.07 / 07:59

Platform Entertainment film Actor show performer exclusive Explainer Hollywood strike: Why writers, actors protesting in the US. EXPLAINER

entertainment industry popularly is hit by multiple strikes as actors and writers have raised issues of fair compensation and protection from the encroachment of artificial intelligence. Amid the strike, Netflix has listed a position for a machine learning product manager that will compensate somewhere between $300,000 and $900,000 a year. On 2 May 2023, more than 11,000 TV and film writers went on strike in the US.

26.07 / 14:14

Progressive Fighting show track Explainer Explainer-Charting the Fed's policy path

By Howard Schneider

26.07 / 10:17

UPS Provident Extreme Matrix voice cover Explainer biodiversity Mint Explainer: Key forest, biodiversity bills in Lok Sabha

New Delhi: Despite frequent disruptions, the union government has lined up 31 bills to be passed in the monsoon session, including two key ones that deal with forests and biodiversity. While the Lok Sabha passed the Biological Diversity (Amendment) Bill, 2023 with a voice vote on Tuesday; environment minister Bhupendra Yadav is scheduled to move the Forest (Conservation) Amendment Bill, 2023, which amends the Forest (Conservation) Act, 1980 in the Lok Sabha today. Mint takes a closer look at these two key pieces of legislation.

26.07 / 05:55

Explainer No-confidence motion: What is it? How it can impact Modi govt? EXPLAINER

allianceof the leading opposition parties called INDIA has moved the no-confidence or (no-trust) motion agaisnt Prime Minister Narendra Modi governement in Lok Sabha on Wedneday to force the PM to speak on Manipur violence. Congress leader Gaurav Gogoi submitted a notice for no-confidence motion against the government in the Lok Sabha today. Earlier this month, 26 opposition parties formed Indian National Developmental Inclusive Alliance (INDIA).

24.07 / 09:17

Explainer Mint Explainer: Israel’s constitutional crisis comes to a head

Israel convulsed with protests this weekend as Prime Minister Benjamin Netanyahu’s government looked set to push for a vote on key constitutional bills. The proposals, which seek to reduce the power of the judiciary, have proved immensely controversial.

21.07 / 08:46

star social Explainer foreign Mint Explainer: The curious case of China’s missing foreign minister

Disappearing acts have become a recurring theme in Chinese politics. From tennis star Peng Shuai to billionaire banker Bao Fan, many prominent individuals in China have vanished from the public eye, mostly after falling afoul of the Communist Party.

20.07 / 07:13

Provident Progressive Strategy Enterprise band performer audience Explainer Framework MICRO Explainer: How Sebi's progressive ESM framework overhaul will benefit investors and micro-small companies

The recent momentous decision by the Securities and Exchange Board of India (Sebi) to revise the Enhanced Surveillance Measure (ESM) framework, in partnership with NSE and BSE, signifies a progressive stride towards ensuring market liquidity and nurturing growth opportunities for micro-small companies.Unlocking Opportunities for InvestorsWith the revised ESM framework, investors are set to benefit from increased trading opportunities. Previously, stocks under ESM Stage-II were restricted to trading once a week, posing challenges for investors seeking continuous engagement.

19.07 / 06:47

Provident Booking Microsoft Google CEO Action Explainer Mint Explainer: Meta's LLaMa 2 is the joker in the generative-AI pack

LLaMA -- Meta’s open-source LLM that was released in February. Researchers made more than 100,000 requests for for Llama 1, according to Meta. LLaMA requires “far less computing power and resources to test new approaches, validate others’ work, and explore new use cases", according to Meta.

18.07 / 09:59

Provident Lowe's FIVE Southern Explainer Mint Explainer: What are Niti Aayog’s ‘dimensions’ of poverty?

poverty line while lagging behind on other basic necessities. The UN makes reference to this in its sustainable development goals, saying it aims to halve the share of people living in poverty “in all its dimensions" by 2030. The multidimensional poverty index (MPI) measures indicators across education, health and living standards.

16.07 / 07:43

Provident Waters Software COMPOSITE ICE IBM Explainer Mint explainer: AI's role in powering space missions like Chandrayaan-3

NEW DELHI : Indians were over the Moon with the launch of Chandrayaan-3 by the Indian Space Research Organisation (ISRO) on Friday. Since Chandrayaan-2 failed about four years ago, scientists are hopeful that this third lunar mission's lander Vikram and rover Pragyaan will descend softly and safely on the Moon on 23 August.

15.07 / 11:41

Blockchain Digital Ripple XRP SEC coinbase Bitcoin Explainer Explainer: What makes a crypto asset a security in the US?

Ripple Labs got a landmark ruling from a federal judge who said some of the company's XRP token sales were not subject to securities laws.What did the Ripple judge say? US District Judge Analisa Torres in New York found some digital token sales by Ripple did not violate the law as alleged by US Securities and Exchange Commission. The SEC sued Ripple for conducting an unregistered offering of $1.3 billion in XRP between 2013 and 2020.

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