Progressive Financial News

Narendra Modi said on Friday, asserting that the «curse of incremental thinking» had for long hampered India's progress till his government changed this mindset in the bureaucracy and the administration. He justified the White Paper on the decade-long Congress-led UPA government, saying if he had preferred political expediency over national interest, he could have brought this out much earlier but that would have created panic. Speaking at the ET Now Global Business Summit on Friday, Modi said he has been in the process of preparing the roadmap for his third term for the last 18 months and has taken feedback from over 1.5 million people till now. General elections are due to be held in April-May. «New Bharat will work at superspeed — this is Modi's guarantee,» he said.

₹10.4 trillion, while personal income tax is projected to grow 13% to ₹11.6 trillion. Centre’s GST collection is expected to grow at 11.6% to ₹10.7 trillion in FY25. However, customs duty receipts are expected to grow at a much slower 5.7%, and excise duty receipts at just 4.9%.

Dwayne Johnson's involvement in Moana 2 remains in the negotiation phase, casting uncertainty on his return as the beloved demigod Maui. While Disney unveiled plans for the animated sequel to the 2016 blockbuster Moana earlier this week, concrete details about the cast have yet to materialize. The purported talks with Johnson come amid fervent anticipation for the sequel, slated for a theatrical release later this year.

Thousands of doctors in the early years of their careers in England are to go on strike later this month for another five-day stretch as their long-standing pay dispute with the British government remains in stasis

legal risk, cyber risk and the impact artificial intelligence and machine learning (AIML) will have on the banking system as these new technologies take shape for a larger role in public like Reserve Bank of India (RBI) deputy governor T Rabi Sankar said. Sankar who oversees the department of fintech, currency management and department of payment and settlement systems at the RBI among others said banks as risk managers have to be aware of the changes AIML will bring even as they figure out the implementation of these technologies in day to day operations. He suggested that it would be better if the training of people and upgrade of systems can be co-ordinated between banks by industry bodies like the Indian Banks’ Association (IBA) because the nature of AIML technology is very different from before.

₹2,888 crore for FY23—three times that is ₹8,664 crore ($1.04 billion). The company has “a range of options" to achieve debt reduction, he said, though it was “unlikely" it would sell equity stake in any of its units. “We have the potential to generate cash from our business operations, and we’ve also explored licensing opportunities in the past, which could contribute additional income.

Safe as houses, they say — just not so much lately.

As many Canadian couples gear up for a Valentine’s Day date next week, differing opinions about spending may be causing conflict, a new survey suggests.

As Cupid draws back his bow, it's time for singles to celebrate Valentine's Day in a unique way – by focusing on their financial well-being. This year, let love take a detour to self-improvement as singles embrace the opportunity to set financial goals and invest in themselves. Discover how singles can make the most of this special day while sprucing up their financial plannning.

Federal Reserve Governor Adriana Kugler said Wednesday inflation is showing solid signs of slowing down, but she is not ready yet to start lowering interest rates.

TORONTO — New York City pension funds are pushing Royal Bank of Canada to disclose details on its clean energy funding.

European Union lawmakers are calling for an independent investigation into allegations of vote-rigging in Serbia

While Canadian companies have made some progress in making the workplace more diverse and inclusive, eight in 10 Black Canadians say they still face some form of discrimination at work, a new report by KPMG has found.

$WEN is a new meme coin on Solana, generating buzz and significant community interest after 70% of its total supply was airdropped to over one million wallets. A smart investor capitalized on the heightened attention around the meme coin, amassing about $1.60 million profit in 14 hours.

China has ramped up its digital yuan work over the last year, while the ECB is now in the preparation phase for a digital euro and India is seeing a million transactions per day processed by commercial banks throughout the country for the digital rupee. Yet in the US, the Federal Reserve has been cautious about pushing ahead with pilots and several governors have expressed scepticism about the need for a CBDC. This month, Donald Trump vowed to prevent the creation of a digital dollar if he wins the US presidential election, calling a CBDC a "dangerous threat to freedom". Josh Lipsky and Ananya Kumar from the Atlantic Council’s GeoEconomics Centre warn that technological payments innovation at the Fed is lagging behind its peers and competitors.

NEW DELHI : The ruling National Democratic Alliance (NDA) government and the opposition Congress party locked horns on Thursday, over a paper tabled in the Lok Sabha by finance minister Nirmala Sitharaman accusing the previous United Progressive Alliance regime of undermining the country’s macroeconomic fundamentals, and the Congress hitting back at the government citing price rice and unemployment. The debate over the economic track record before and after 2014 highlighted major shocks that India’s economy underwent under both regimes, how the respective governments dealt with them, the effectiveness of the fiscal stimulus, given as well as the persisting issues of price rice and job creation not being commensurate with the demand from a large working age population.

India’s exports, given the existing capabilities, the finance ministry said in its economic review for January. It also said that despite subdued global trends dictating the course of foreign direct investment (FDI) flows to India lately, the country continues to chart its way forward and remain a preferred destination.

Ravindra Jadeja and batter KL Rahul were on Monday ruled out of the second Test against England starting in Visakhapatnam on February 2. Jadeja sustained a hamstring injury during play on Sunday while Rahul complained of a right quadriceps pain. «Mr.

Arvind Kejriwal announced on Monday, "...those who install solar panels on their rooftop will get zero electricity bills, no matter how many units of electricity they consume." He said this while introducing the Delhi government's new solar policy, which is expected to be “notified within 10 days". "The Delhi government has released a new solar policy, Solar Policy 2024....

IDFC First Bank Test against England in Vizag, starting February 2. Ravindra Jadeja sustained a hamstring injury during play on Day 4 of the first Test in Hyderabad while KL Rahul complained of a right quadriceps pain.

Investing.com — The U.S. dollar edged higher in early European trade Monday, retaining support at the start of a week packed with risk events, including a Federal Reserve policy meeting and key employment data.