Inclusion Financial News

passive funds when the global index provider MSCI rebalances its index on November 25. In an announcement on Thursday, MSCI said it has added five stocks — BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty — to its Global Standard Index; while reducing the weights of Adani Green, RIL, ICICI Bank, Infosys, GMR Airports, and Adani Power.

Reserve Bank of India has made the 10-year sovereign green bonds eligible in the fully accessible route category, which will be opened fully for non-resident investors without any restrictions, apart from being available to domestic investors. This inclusion of green bonds in the FAR category is expected to increase investor appetite for the paper, experts said. The RBI has issued a total of ₹36,000 crore in green bonds since 2022-23.

Most people know that capital gains are preferentially taxed in Canada, like most countries, and for good reason: prosperous countries realize that investors, including entrepreneurs, take significant risks that can have extended long-term benefits to society and the economy.

Subscribe to enjoy similar stories. The culinary world has a new term—accessible luxury. It refers to an elevated dining experience enveloped in affordability.

Subscribe to enjoy similar stories. In the days after it became clear that US Vice- President Kamala Harris would be the Democratic nominee for president, an image of Inauguration Day began to circulate on social media: If elected, Harris would be sworn in as the nation’s first ‘Black woman president’ on Martin Luther King Jr. Day, with the oath administered by Justice Ketanji Brown Jackson, ‘the first Black woman’ to serve at the Supreme Court.

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Toronto-based investment management company Brookfield Asset Management Ltd. has moved its head office to New York in a bid to broaden its investor base to include passive institutional investors that collectively manage trillions of dollars.

Subscribe to enjoy similar stories. When Presolv360 began operations in 2017, most companies and individuals still preferred to gather in dim court halls to resolve their disputes.

Statistics Canada’s latest financial security survey shows a stark disparity between the wealth of homeowners and renters, even as it fails to capture the true scale what’s owned by Canada’s richest families.

Boo!!! Did I scare you? If not, sit back, take a sip of your favourite beverage and get ready for some spooky tax stories for Halloween.

The census starting from next year would update the National Population Register, also changing future census cycles completely, official sources said. The Registrar General of India is holding consultations with all the stakeholders and state governments, officials said, adding that around 30 questions have been prepared for citizens. The questions include the number of persons residing in households, whether the head of a household is a woman, whether they have a telephone, internet connection, mobile or smartphone, bicycle, scooter or motorcycle, and whether they own a car, jeep or a van, among others.

In the United States, the growing recognition of this festival reflects the nation’s diversity and the increasing influence of various cultures. In a landmark decision, Pennsylvania has become the first state to declare Diwali an official public holiday, recognizing its importance and the vibrant communities that celebrate it, as mentioned in a report by Hindustan Times.

Redmi A4 5G smartphone during the IMC 2024, marking a significant collaboration with Qualcomm. This device will be powered by the Snapdragon 4s Gen 2 chipset, making it Xiaomi's first 5G-enabled Redmi phone priced under ₹10,000. While the official launch date is yet to be confirmed, Xiaomi has indicated that the commercial release will occur later this year.The Redmi A4 5G is expected to be available in a single variant featuring 4GB RAM and 128GB storage, priced around ₹8,499, inclusive of launch and bank offers.

During the bilateral talks held at the iconic Laxmi Vilas Palace here, both leaders also discussed the situation in Ukraine and in West Asia, said Tanmaya Lal, secretary (west), Ministry of External Affairs. «With respect to Ukraine, both sides exchanged their views on how they see the situation. PM Modi reiterated India's position that any such conflict can only be resolved by dialogue and diplomacy. This is not the time for war, this cannot be resolved on the battleground. It is necessary that direct discussion takes place between both the parties,» Lal told reporters.

Real Estate Regulatory Authority (RERA) has issued an order clarifying the conditions for real estate projects to be eligible for RERA registration in the state. This new circular clarifies exactly which projects are eligible to be registered with RERA and also provides a clarification regarding the commencement certificate and the completion certificate within the meaning of Unified Development Control and Promotion Regulations (UDCPR).

India’s ambition to double its economy to $7 trillion by 2030 hinges on a broad strategy that includes reforms, infrastructure development, investment in human capital, a focus on innovation, and consistent investment in key growth sectors such as manufacturing, exports, and agriculture. Achieving this target requires collaboration between government, civil society, and the private sector. In this background, Public Affairs Forum of India ( PAFI ) 11th Annual Forum was convened last month in New Delhi with three specific aims: to define required policies, understand crucial partnerships, and identify immediate priorities. The sessions pointed to multiple learnings for advancing India’s ambition for sustainable and inclusive growth. Here are 11 key points that emerged at the Forum.

City Champions Summit, hosted by Josh Talks, on Saturday, 16 innovative startups were celebrated for their groundbreaking work in transforming India’s urban landscapes. The Summit is supported by Omidyar Network India and was held at The Claridges, New Delhi. The event convened the leaders in urban development underscoring the future of sustainable, inclusive cities. This summit culminates a three-month accelerator program which was designed by Josh Talks in partnership with IIM Calcutta Innovation Park with the aim nurture 16 impact startups working across sectors such as climate action, transport, city planning, energy and more. These startups were handpicked through a rigorous evaluation process from over 350 applicants. The City Champions program began in April this year by inviting applications across 8 thematic sectors. The accelerator program kicked-off in late July and included exposure to 16 startups through virtual sessions with industry leaders, 1:1 mentorship from IIM-C experts, access to funders and potential business partners through physical boot camps held across Kolkata, Bengaluru and Delhi.

Digital Public Infrastructure (DPI) is now part of global conversations around inclusive and scalable infrastructure, and its blueprint can offer others an opportunity to harness technology for improving the lives of citizens, according to experts. Primus Partners, in association with iSPIRT, organised a DPI roundtable that saw key stakeholders such as senior bureaucrats, diplomats, policymakers, industry leaders and thought leaders discussing India's leadership in advancing DPI and its crucial role in driving socio-economic transformation. Delivering keynote address, G20 Sherpa Amitabh Kant noted India's remarkable leap in becoming the voice of the Global South in DPI, and in achieving in 9 years what would have taken 50 years, otherwise. «This sentiment was echoed during India's G20 Presidency, where countries reached a common consensus that DPIs are essential for equitable development and to improve the lives of citizens, especially in the global south,» he said.

Asus ROG Phone 9 and ROG Phone 9 Pro. Both models appear to retain the distinctive boxy design of their predecessors, complete with a flat frame and a triple-camera setup on the rear.According to a recent report from 91Mobiles, the ROG Phone 9 Pro has been showcased in a sleek black finish, featuring a textured back panel reminiscent of previous models in the series.

telecom industry has demanded that the license fee paid by them to the government should be reduced to 0.5% to 1% of the gross revenues, from the current 8%, as the circumstances and regime have changed for the industry. The industry said a reduction in fees would facilitate telcos to plough the revenues back to the network for upgradation and expansion, which will enable digital inclusion. The Cellular Operators Association of India (COAI), which counts all the three private telecom operators –Reliance Jio, Bharti Airtel and Vodafone Idea –as its members, said, payments made basis the AGR (adjusted gross revenue) need to be reconsidered under the changed regime and circumstances. Telcos pay an 8% license fee to the government, which includes a 5% universal service obligation (USO) levy.