President Financial News

₹4,200 crore this year on implementing the scheme. One way to scale up would be to target what is called the “missing middle"—those who hover just above the poverty line and therefore do not qualify for benefits, but are still too poor to afford private healthcare.

Joe Biden said Wednesday that Donald Trump had clearly backed an insurrection after Colorado's top court blocked the Republican from seeking a second term over the 2021 Capitol assault. "I'll let the court make that decision. But he certainly supported an insurrection.

Nirmala Sitharaman on Wednesday said the request from Parliamentarians to raise the sales threshold for Goods and Services Tax (GST) registration can be looked into by the GST Council; however, she added that most small businesses ideally should be part of the GST chain. While replying to a discussion on the Central Goods and Services Tax (Second Amendment) Bill, 2023 in Rajya Sabha, Sitharaman also took note of the requests from Parliamentarians for setting up a national appellate authority for advance ruling as provided for in GST law.

NEW DELHI : India’s auto parts makers generated a revenue of ₹2.98 trillion ($36.1 billion) in the first half this fiscal year, driven by robust demand from automotive original equipment manufacturers (OEMs) and a slight increase in exports despite high inflation in the western markets. The H1FY24 turnover marked a 12.6% increase from the same period a year earlier. Data released by Automotive Component Manufacturers Association of India (ACMA), the country’s apex body of auto parts makers, said that exports of auto components grew marginally by 2.7% to $10.4 billion ( ₹85,870 crore), while imports rose 3.6% to $10.6 billion ( ₹87,420 crore).

World Bank Group has set up a task force to study recommendations of the Independent Expert Group (IEG) on reform of multilateral development banks, set up under India's G20 presidency. This was conveyed by World Bank president Ajay Banga to Union finance minister Nirmala Sitharaman on Wednesday.

INDIA bloc, the alliance leader and JD(U) MP Sunil Kumar Pintu on Wednesday said that the meeting was just restricted to tea and biscuits and concluded without any discussion on any serious issue. Speaking to ANI, JD(U) MP Sunil Kumar Pintu said, «In the meeting yesterday, big leaders of several parties had come for sharing in the alliance. But no discussion on the same could be done.

Nirmala Sitharaman met World Bank Group president Ajay Banga and discussed recommendations to strengthen Multilateral Development Banks (MDB), the finance ministry said on Wednesday. Finance minister Sitharaman and Banga also discussed the outcomes of the G20 under the Indian presidency and the evolution of the World Bank and its engagement with India in various sectors, besides issues of mutual interest, the finance ministry said on social media platform X.

Ottawa rolled out its timeline for the full transition to electric vehicles on Tuesday, but some industry watchers are concerned the path to get there is not realistic.

The Bank of Canada is looking for clear evidence of “further and sustained downward momentum in core inflation” before it considers cutting interest rates. That was the message governor Tiff Macklem addressed directly to markets in a press availability after his annual year-end speech on Dec. 15.

SHANGHAI: Shanghai Disney Resort will open a Zootopia-themed attraction to the public on Wednesday aiming to capitalise on a post-pandemic desire for travel and experiences in China. Zootopia, which came out in Chinese cinemas in 2016, remains one of the highest-grossing imported animated films ever released in the country. This marks Disney's first Zootopia-themed site and the eighth themed area at the Shanghai Disney Resort which opened in 2016 and was expanded in 2018 with a Toy Story-themed attraction. While consumption in China has been slow to bounce back following the lifting of COVID-19 curbs a year ago, domestic travel and experiences have rebounded more strongly, with Shanghai Disney Resort one of the beneficiaries. «I think what you saw over the last year as people emerge from the virus is them getting out and experiencing life again,» said Joe Schott, president and general manager at Shanghai Disney Resort. In its fourth-quarter earnings last month, Walt Disney flagged higher attendance at its Shanghai and Hong Kong parks as one of the factors driving 31% growth in its Experiences division, which includes its theme parks. Shanghai Disney Resort is a joint venture in which Chinese state-owned Shendi Group holds a 57% stake. (Reporting by Casey Hall; editing by Jason Neely)

seat-sharing calculations continue apace in the INDIA bloc, Congress leader Bhupinder Singh Hooda on Wednesday said it remains to be seen which party claims what and on what basis in Haryana. «Let us see first who claims what, what is the basis of that claim, what are the parameters, for this we will sit and decide...otherwise we will claim all 10 (Lok Sabha) seats,» Hooda said on the pre-Lok Sabha seat-sharing scramble.

President Joe Biden will use a visit to Milwaukee to highlight a surge in federal support for Black and Latino-owned businesses

Former Chelsea owner Roman Abramovich has lost in his legal attempt to overturn sanctions imposed by the European Union for his role in the Russian invasion of Ukraine

Toyota Motor Corp. says its subsidiary Daihatsu will suspend shipments of all its vehicles in and outside Japan in a damaging safety scandal after an investigation found improper testing involving 64 models

European leaders are tightening asylum rules and seeking to restrict migration under political pressure from opponents who charge that Europe’s mainstream parties have lost control of the numbers of people who are coming into the bloc. European Union member states and lawmakers agreed on new asylum rules Wednesday after years of failing to rework a system that collapsed during the migration crisis of 2015. Back then, over one million people came to the bloc, swelling support for far-right parties.

Donald Trump Wednesday delivered a chilling message at a 2024 campaign rally in Iowa, cautioning that World War III is imminent, with the possibility of global destruction. The former US president expressed grave concerns about the world teetering on the edge of World War III. He stressed that the danger is not akin to a conventional war but could result in complete extinction due to the destruction potential of modern weaponry.

₹1,380, up 7% on Wednesday. BevCo holds franchise rights from PepsiCo Inc. in South Africa, Lesotho and Eswatini, and distribution rights for Namibia and Botswana.

Percy Jackson and the Olympians series on Disney+ and Hulu ahead of its scheduled premiere date of December 20. Release Strategy Update This marks the second adjustment to the show's release strategy. Initially, it was announced that the first episode would premiere on both Hulu and Disney+ and would be available for streaming until January 31. In line with this, the first two episodes are now accessible on Disney+, with the first episode streaming on Hulu. Subsequent episodes will be unveiled weekly on Disney+ until the Season 1 finale on January 31.

took the political centre stage, Opposition leaders came out in support of the TMC leader. Meanwhile, BJP leaders, including Prime Minister Narendra Modi and President Droupadi Murmu, condemned Banerjee's actions. 1. Jagdeep Dhankhar said he received a phone call from Prime Minister Narendra Modi.

Bonds rallied and equities paused as a fresh batch of soft inflation data boosted the likelihood of interest-rate cuts, but also underscored the risk of an economic downturn.

High-net-worth individuals in the United States and Canada are feeling challenged by weather risks, the economy, and potentially ruinous lawsuits, according to a new survey.