Progressive Financial News

Commercial real estate (CRE) has long been an attractive investment avenue for those seeking to diversify their portfolios and capitalise on the stability and income potential of real property. Real Estate Investment Trusts (REITs) have been a game-changer in the global investment landscape, providing investors with a unique proposition to participate in the commercial real estate market. In a bid to catalyse the growth of the real estate sector in India, the Securities and Exchange Board of India (SEBI) has plans to introduce an innovative concept – the MSM REITs.

global GDP grew by about 3%. The early signs suggest progress is continuing at the same rate this year. Data from Goldman Sachs, a bank, indicate that global economic activity is about as lively as it was in 2019.

There was a big controversy in the science-fiction community last month when it emerged that the 2023 Hugo Awards, decided in October at the world convention in Chengdu, China, had inexplicably disqualified a few prominent entries from the list of nominations.Those quietly dropped included R.F. Kuang’s bestselling Babel and Xiran Jay Zhao’s Iron Widow, prompting suspicion that they might have triggered Beijing’s censorship filters. Even an entry by the legendary Neil Gaiman was disqualified.

The white paper brought out by the government last week is an excellent document from a campaign perspective. As an assessment of the economic performance of the Congress-led UPA government (2004-2014), however, it falls short.

₹7 trillion worth of bad debt in five years between 2019 and 2023 in the absence of resolution. Joshi said banks will be asked to move NCLT first, even if they are talking to borrowers for a one-time settlement (OTS), which often delays NCLT filings and admission. Also, sometimes bankers do not submit all the required information in their insolvency application, delaying admission.

My passion for exploration led me to Lakshadweep, a hidden jewel in the Arabian Sea. Beyond the turquoise waters and coral reefs, I sought to delve into the sentiments of the locals regarding the recent surge in tourism, a consequence of Prime Minister Narendra Modi’s emphasis on development in this tranquil haven.

In a continuing effort to strengthen its presence across the wealth management and private banking spaces, Citizens Financial has bolstered its leadership with two critical hires.

imaginable permutation of land swaps and security arrangements. All failed. And yet something changed after October 7th.

health insurance policy provided by ICICI Lombard General Insurance Company Limited. This insurance plan ensures coverage for hospitalisation-related expenses, serving as a safeguard for both savings and healthcare. Designed to promote a happy and fulfilling life for you and your family, ICICI Lombard's Health AdvantEdge Plan offers a robust, comprehensive, and affordable health insurance solution.

tributes to Pandit Deendayal Upadhyaya, a key party ideologue, on his death anniversary, saying he showed the path to take the country forward by keeping the Indian culture and heritage at its centre. These have become an inspiration in building a developed India as well, Modi posted on X. Upadhyaya, an RSS functionary, was among the founding members of the Bharatiya Jana Sangh, the BJP forerunner. His ideas of "antyodaya" (uplift of the most impoverished) and «integral humanism» have often been cited by Modi as an inspiration for his governance model. Upadhyaya died in 1968.

Finance minister Nirmala Sitharaman Saturday said lack of leadership lay at the heart of the "scam-driven" United Progressive Alliance (UPA) government as well as mismanagement of the economy during its tenure. Congress party chief Sonia Gandhi ran the government as «super Prime Minister» without being accountable, she said. «Sonia Gandhi-ji was the super Prime Minister as the chairperson of the National Advisory Council and an extra-constitutional and unaccountable person,» Sitharaman said in her reply to a short-duration discussion on the white paper on the Indian economy in the Rajya Sabha. The white paper was presented in Parliament on February 8.

US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months. The core consumer price index, a measure that excludes food and fuel for a better picture of underlying inflation, is seen increasing 3.7% in January from a year earlier. That would mark the smallest year-over-year advance since April 2021, and underscore the inroads Fed Chair Jerome Powell and his colleagues have made in beating back inflation.

BJP)-led government were about "reform, perform and transform" in the country. From abolishing triple talaq to abrogating Article 370 to introducing 33 percent women's reservation to building Ayodhya Ram temple — while emphasising some of his government's achievements, PM Modi said the 17th Lok Sabha saw a productivity of 97 percent. Besides this Lok Sabha Speaker Om Birla and Rajya Sabha Chairman Jagdeep Dhankhar delivered their valedictory remarks.

One Nation, One Election' on Saturday reviewed the progress made by it after it was set up in September last year. The committee under former president Ram Nath Kovind also evaluated the consultation process it is holding with political parties, former judges and state election commissions. Separately, the panel held interactions with a delegation from the Dravida Munnetra Kazhagam (DMK) led by P Wilson, an official statement said. The DMK presented its views on the issue of holding simultaneous elections in the country.

India’s ambitious plans to have its own space station by 2035 are progressing on track, said project director of Indian Space Research Organisation’s (ISRO) Chandrayaan-3 mission, P Veeramuthuvel on Saturday.

will not become «party to communalise the political situation». Both Houses of Parliament — the Rajya Sabha and the Lok Sabha — are holding a discussion on «the construction of historic Shri Ram Temple and Pran Pratishtha of Shri Ramlala». Members of the Trinamool Congress (TMC) and the Dravida Munnetra Kazhagam (DMK) were among those who walked out over the white paper brought by the government in Parliament to compare the state of the economy during the Congress-led United Progressive Alliance (UPA) and BJP-led National Democratic Alliance (NDA) regimes.

Mallu Bhatti Vikramarka today unveiled the Vote on Account budget for 2024-25, totaling Rs 2,75,891 crore. Within this budget, Rs 2,01,178 crore has been allocated for revenue expenditure, while Rs 29,669 crore has been earmarked for capital expenditure. The government has proposed Rs 53,196 crores for implementing six key pledges of the ruling Congress party.

Last year, when he was a college student majoring in computer science and interning at SpaceX, Luke Farritor began working on a problem that captivated many of the world’s brightest young minds, one that could only be solved with machine learning, computer vision and the latest advances in artificial intelligence. He wanted to read a bunch of 2,000-year-old papyrus scrolls. These scrolls known by the seductive name of the Herculaneum papyri have been unreadable since Mount Vesuvius erupted in 79 A.D.

Rajya Sabha will on Saturday, the last session of the ongoing Budget session of Parliament, hold a short-duration discussion on the White Paper put out by the Centre and on the Pran Pratistha of Ram Lalla. BJP parliamentarians Sushil Kumar Modi and Prakash Javadekar will raise the discussion on the White Paper, informing its impact on the lives of the people of the country. The nearly 60-page White Paper, which was tabled in the Lok Sabha and Rajya Sabha by Sitharaman on Thursday, claimed that the banking crisis was one of the most important and infamous legacies of the UPA government.

Latest data from 2,257 companies listed on the National Stock Exchange (NSE), collated by Primeinfobase, show that just 45 of them have a woman in the chief financial officer or director-finance role. That number was 24 in March 2019 and 31 at the end of March last year.

Nirmala Sitharaman tore into the previous Congress-led United Progressive Alliance (UPA) government on Friday, saying it pushed the country into the Fragile Five and left it in dire straits in 2014 with its economic mismanagement by putting the «first family» first. During the UPA regime, the security of the nation was compromised, environmental clearances were delayed, and the leadership failed as it was run by a «super prime minister» and there was at least one big-ticket corruption case every year. Initiating the debate on the 'White paper on Indian economy and its impact on the lives of people of India', Sitharaman said it was Prime Minister Narendra Modi who put the nation first, pulling the country out of crisis and placing it among the top five economies of the world.