Inclusion Financial News

Tata Power, and Asian Development Bank (ADB) on Thursday signed a Memorandum of Understanding (MoU) to evaluate financing for its several strategic projects aimed at enhancing India’s power infrastructure and promoting renewable and clean energy. The MoU outlines the evaluation of financing for several key ongoing projects such as the 966 MW solar-wind hybrid project and pumped hydro storage project and other projects in the pipeline around energy transition, decarbonization, and battery storage as well as ongoing financing for capex towards strengthening the distribution networks managed by Tata Power. The total estimated project cost is approximately $4.25 billion.

According to the IA's Culture, Talent and Inclusion report, there is an 18% gap between the proportion of 50–64-year-old women and men working in the investment management industry, with women from this age bracket accounting for just 8% of the workforce.  This is larger than the industry-wide discrepancy between male and female employees overall, which stands at 53% and 41%, respectively.  The IA's research showed that increasing care responsibilities for children and aging parents begin to impact women over 35, and the menopause is thought to be an impact on middle-aged women's abil...

Subscribe to enjoy similar stories. New Delhi: The government has proposed changes such as the inclusion of e-commerce data to prepare a new base year for the Consumer Price Index (CPI) as part of a broader initiative to better reflect contemporary consumer spending patterns. The planned changes include leveraging modern data collection techniques such as sourcing price information from e-commerce platforms, expanding coverage beyond the major cities and relying on privately rented dwellings to calculate housing rents, according to a presentation by the ministry of statistics and programme implementation on Wednesday.

Digital Public Infrastructure (DPI), Artificial Intelligence and data for governance amid global economic growth at just over 3%, its lowest rate since the turn of the century. Accelerating progress towards the SDGs requires inclusive digital transformation.

United Nations Security Council (UNSC), emphasising the Council’s outdated structure, which no longer reflects modern global realities. Speaking at Columbia University's School of International and Public Affairs, India’s Permanent Representative to the UN, Ambassador Parvathaneni Harish, stated, «The Security Council structure, as it stands today, is a reflection of 1945. It does not reflect today's realities.» Harish, delivering a keynote address titled Responding to Key Global Challenges: The India Way, underscored that the current framework hinders the UNSC’s ability to tackle pressing issues effectively.

G20 Summit in Brazil on Monday and Tuesday will bring leaders of all major economies together once again. The task before them is cut out. Prime Minister Narendra Modi is representing India for a record eleventh successive time. Such continuity is an advantage in a world of turmoil...when there is a deficit of global governance. Nothing is more powerful than the force of example. Since the first G20 Summit in 2008, and particularly since 2014, India has been a source of economic stability and growth. India, the fastest growing large economy, has quadrupled its GDP to almost $4 trillion since 2008. It is on track to become the third-largest economy in the next few years.

The Apothecary Diaries Season 2 is set to begin on January 10, 2025. Fans are eager to follow the journey of Maomao, a talented apothecary, as she navigates new challenges and mysteries.

PM Narendra Modi while addressing the maiden session of the Rio G20 Summit on Monday pointed out that the countries of the Global South are most adversely impacted by the food, fuel and fertiliser crisis caused by global conflicts (read Ukraine and Gaza) and in that context supported Brazil's initiative for a 'Global Alliance against Hunger and Poverty'. Addressing the session titled 'Social Inclusion and the Fight Against Hunger and Poverty', Modi noted that the G20 discussions can only be successful when «we keep in mind the challenges and priorities of the Global South». «This is an important step towards the implementation of the Deccan high-level principles for Food security, adopted at the New Delhi Summit.» Simultaneously, the PM called for reforms of the global institutions which has also been a key priority at the Brics as well as for G20 hosts Brazil and South Africa, among other countries. «And just as we amplified the voice of the Global South by granting permanent membership of G20 to the African Union during the New Delhi Summit, we will reform institutions of global governance.» The second session of the G20 Summit focused on reforms of Global institutions.

Subscribe to enjoy similar stories. Companies are responsible for creating a work environment conducive to mental health and well-being, for which, we need long-term strategies that integrate mental health into the organizational fabric. Evolve from a reactive structure to a proactive culture: Policy and culture differ.

Nilesh Jain of Centrum Broking says there could be possibility of some selling pressure if at all we see any pullback, reason being F&O gives you a good opportunity to short the stock so that may have some negative impact, but I see more or less from a broader perspective that is a positive move and if at all we see inclusion of these stocks that will certainly have more addition in term of the numbers, so that is certainly a positive from our long-term point of view.

Leaders of Pacific Rim countries including the U.S. and China have gathered in Peru for an Asia-Pacific Economic Cooperation meeting, the first major global summit since U.S. President-elect Donald Trump’s election victory

With just six weeks to go before Dec. 31, now is the perfect time to begin your year-end tax planning. Here’s a few things to consider, which are unique to 2024.

JM Financial said Zomato and Jio Financial Services could be added to Nifty 50 in the upcoming February 2025 review, based on the new F&O inclusions. The announcement for the March rebalancing of the Nifty will be made in February next year. BPCL (Bharat Petroleum) and Eicher Motors are likely to be the exclusions from the index.

Subscribe to enjoy similar stories. Driven by global standards and practices, companies engaged in mergers and acquisitions (M&As) are increasingly placing strong emphasis on diversity and inclusion (D&I) policies when evaluating potential deals, especially when it comes to cross-border deals. “Today, deals are getting delayed if certain aspects are not in order.

Gentari Sdn Bhd, the clean energy arm of Malaysia's state-run Petronas Group, has agreed to acquire a part of the renewables portfolio of Brookfield Asset Management for $900 million, inclusive of debt, following months of talks, said people with knowledge of the matter. Last week, both parties signed a firm agreement that will see Gentari take control of a 2.2 GW portfolio of assets. This is the first time Brookfield will be monetising part of its green energy portfolio after building, acquiring and operating the assets for over five years. Gentari is expected to seek regulatory approvals in the next few days before any formal announcement. Its portfolio in India will double from the current 2 GW capacity. This will be its second acquisition in India this year. Gentari had bought the 185 MW solar power portfolio of Finnish firm Fortum Oyj in May.

JPMorgan index, so far in November, according to clearing house data on Thursday. A rise in U.S. yields along with a stronger dollar have driven the selling, traders and analysts said. They expect the outflows to persist until global market volatility settles.

Reserve Bank of India (RBI) deputy governor Michael Patra said on Wednesday. «It is estimated that the digital economy currently accounts for a tenth of India's GDP; going by growth rates observed over the past decade, it is poised to constitute a fifth of GDP by 2026,» he said at an event in Jaipur. He acknowledged that rapid digitalisation and the integration of advanced technologies could pose several challenges. «New technologies also involve challenges: disruptions in respect of traditional technologies and the labour market; resource intensity, demanding substantial investment in technology, learning and infrastructure; potential cyber threats and data breaches; ethical concerns, data privacy and potential malicious use,» he said.

A financially literate and economically empowered female population means more informed financial decisions at the household level, increased savings and investment, and ultimately, a more robust and inclusive economy. In an era of complex financial landscapes, the persistent gender gap in financial literacy remains a significant barrier to women's economic empowerment.

Piyush Goyal said on Monday. He appealed to people to choose the BJP-led Mahayuti, which he said is committed to development and progress in the November 20 Maharashtra assembly elections. Stressing that the Mahayuti has been promoting inclusive policies and avoiding divisive tactics, the Mumbai North MP appealed to voters to move beyond religious lines and choose development and progress. He slammed Congress for allegedly not keeping the pre-poll promises in the party-ruled states and Shiv Sena (UBT) leader Uddhav Thackeray for joining hands with the parties that «spread fear and misinformation».

Congress on Sunday claimed that India was facing a «demand crisis» due to sustained income stagnation and said the 'double engine' of private investment and mass consumption that powered the UPA's decade of sustained GDP growth has been «derailed» in the last ten years of the Modi government. Congress general secretary in-charge communications Jairam Ramesh urged the government to accept what the Congress has been proposing — raising MGNREGA wages to a minimum of Rs. 400 per day, guaranteeing MSP and a loan waiver for farmers, and a monthly income support scheme for women — to kickstart income growth in rural India. He said that with each passing day, the tragedy of India's dying consumption story becomes more evident. Last week, several CEOs from India Inc raised the alarm over the 'shrinking' middle class and now, new data from NABARD's All India Rural Financial Inclusion Survey (NAFIS) 2021-22 adds to the evidence that India's demand crisis is a result of sustained income stagnation, he said in a statement.

Ayushman Bharat scheme. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra issued the notice to the Centre and others on the petition filed by advocate Ashwini Kumar Upadhyay.