Inclusion Financial News

medical devices in the country, the government may do away with the requirement of clinical investigation of those devices approved in the European Union (EU), people aware of the proposal told ET.

US Treasury Secretary Janet Yellen travelled Saturday to the mouth of the Amazon River, pitching the idea that fighting climate change would bolster economic growth in the region and across the globe.

fashion discovery and savings platform Magicpin said it will invest Rs 100 crore to onboard 1 lakh new restaurants and cloud kitchens on ONDC.

Kareena Kapoor and Saif Ali Khan, one of Bollywood's most beloved couples, are known not only for their acting prowess but also for their inclusive household practices. Recently, Taimur Ali Khan's nanny, Lalita D'Silva, shared insights into the daily life of the Kapoor-Khan household, emphasizing the couple's generosity and down-to-earth nature.

technology, India has a unique human capital advantage to harness artificial intelligence for significant economic and societal benefits. Empowering people with AI skills will be a foundational step in India becoming an AI-first nation.

Raamdeo Agrawal, Chairman & Co-founder, Motilal Oswal Group, says he doesn’t think Nifty is expensive at all. 20-21 times for the India story is not out of line. The economy should pick up as we go forward. Monsoon has been fierce and that will have a very good effect in the second half, in the festival season and hopefully the interest rates will also come down somewhat, at least 50 basis point in next six months. On corporate earnings, Motilal Oswal research department is saying that next year it will be at least 14-15% Nifty EPS. From Rs 1,000 EPS in 2024, it could be Rs 1,130. Agrawal also says FIIs will be back. Maybe not in a big way, but they will be net-net positive going forward. Then there will be a lot more capital market activity in terms of I-Banking, wealth management and those sectors will rocket. It is a kind of revolution in capital market and it feel like what happened in IT in the late 1990s – 1997, 1998, 2000. It has changed the entire country. Capital market industry could be even bigger than that.

Budget 2024 indicate an intention to have a multiplier effect for uplifting the poor, youth, women, and farmers. Some key themes emerge out from this year.

Donald Trump in his signature style launched a personal attack on Vice-President Kamala Harris who is also the presumptive presidential nominee of the Democratic party. He termed the Vice-President as ‘dumb’ and a DEI candidate who has been given a chance by the Democrats to contest the election. DEI stands for Diversity, equity and inclusion. It is a policy followed by leading companies and universities to promote diversity.

budget's rubric comprised four stakeholders: the poor, women, youth, and farmers. What drew immediate attention was reiteration of the interim budget's announcement of MSP for farmers of a 50% margin over the cost of production. This was assured by the previous FM, but didn't see the light of day. The renewed assurance will be watched closely. Women, youth and the poor have been assured many benefits, for which disbursements will be the real test.

India's existence and across a series of budgets, one factor has remained constant: the economy's high dependence on the farm sector, thanks to its contribution to economic growth and consumption expenditure. So, it's good to see this budget putting the impetus on agriculture and its focus on more effective, efficient and climate-resilient public spending.

budget seems to have spurred foreign investors to step up purchases of government bonds, with overseas investment in such debt well poised to head past the $2 billion-per-month flow that was expected after inclusion in a JP Morgan index. Aggregate holdings of foreign portfolio investors (FPI) in index-eligible fully accessible route (FAR) government bonds increased by ₹1,963.7 crore to ₹1.9 lakh crore on Tuesday, following the presentation of the FY25 budget.

government over the budget even as the ruling side came out hailing the proposals.

Arunachal Pradesh state budget for 2024-25 proposed to come up with a healing and wellness tourism policy this year. Arunachal Pradesh Deputy Chief Minister Chowna Mein on Wednesday presented a Rs 993.08-crore deficit budget for 2024-25, focusing on infrastructure, urban development and healthy human resource.

₹7 lakhs and goes up to ₹12 lakhs. Below are sections highlighting the external design, interior, features, performance, and safety aspects of the Tata Altroz.The Tata Altroz boasts an assertive hatchback design, particularly evident in its frontal appearance.

₹1.4 trillion in the previous budget (revised estimate) to an estimated ₹1.47 trillion. Boosting employment and employability was rightly given utmost priority in this year’s budget. The announcement of three employment-linked incentive (ELI) schemes for first-time workers, job creation in manufacturing and support for employers are in line with CII recommendations.

A British Columbia legal tech company has raised US$900 million, drawing in new investors Goldman Sachs Asset Management and Silicon Valley’s New Enterprise Associates Inc. and valuing the company — whose backers already include the Ontario Municipal Employees Retirement System (OMERS) — at US$3 billion.

Union Budget 2024-25 will stimulate exports and employment generation in leather and footwear sector, acording to Rajendra Kumar Jalan, Chairman, Council for Leather Exports (CLE).

First Triveni of fiscal discipline

Several Republican lawmakers seized on gender and diversity, equity and inclusion efforts at the Secret Service as among the reasons for security lapses during the assassination attempt on former President Donald Trump

«I think all in all many positives in this budget and over a period of time certainly as these schemes get implemented, it is going to provide further impetus to the economy,» says Sanjiv Puri, President CII & CMD, ITC. If you have to rate the budget on a scale of one to five, how would you rate the budget? Sanjiv Puri: Well, I do not have a framework for that kind of rating, but I would say the budget is commendable because not only has it addressed these investments required for inclusive growth, it has also got a holistic approach to the climate change, issues of energy transition, issues of certain natural resources like water, etc, are being addressed and it is ahead as far as the guidance on fiscal consolidation glide path was concerned.

Dinesh Kumar Khara, Chairman, SBI, says the emphasis on employment, skilling, and MSME is clearly articulated as the key pillars for inclusive growth in the Budget. Additionally, there is a strong focus on enhancing productivity and resilience in agriculture. Addressing youth employment and skilling is crucial for the economy, and maximizing these resources is essential. Furthermore, MSME is a core focus area for manufacturing and services, along with urban development initiatives like PMAY, which will significantly boost the real estate sector in urban areas. This Budget has struck the right chords. It is a Budget which, in a sense, has balanced growth and also government's vision of sab ka saath, sab ka vikas. In your mind, what was the big standout feature? Dinesh Kumar Khara: The Budget is something that is going to focus on the inclusive growth in the economy.