Progressive Financial News

Congress party, party national president Mallikarjun Kharge hoisted the party flag at the All India Congress Committee (AICC) Headquarters in Delhi on Thursday. As reported by ANI, speaking to the media, Kharge said that the Congress party will never move away from its ideologies and will progress with its ideologies.

Satish Menon, Executive Director of Geojit Financial Services underscores the exact nature of the Budget 2024 cannot be predicted at this stage. However, he expects new initiatives to boost manufacturing in India and government expenditure on Infra to flourish. In an interview with Mint, Menon also shares his views on the market and the sectors he is positive about. Edited excerpts: Our understanding is that the final budget will be after the general election, and the February Budget will act as a provisional one.

External Affairs Minister S Jaishankar on Wednesday held a meeting with Russian President Vladimir Putin in Moscow. Russian Foreign Minister Sergey Lavrov and Indian Ambassador to Russia Pavan Kapoor were present at the meeting. Jaishankar is currently undertaking a five-day visit to Russia from December 25 to 29, as part of the ongoing series of high-level engagements between the two nations.

Prime Minister Narendra Modi is «willing to do his utmost» to address the Russia-Ukraine issue through «peaceful means». Putin's remarks came during a meeting with External Affairs Minister (EAM) S Jaishankar at the Kremlin on Wednesday.

₹945 crore, according to information available with the government. Sood said India has already made significant progress in certain key areas of technology, especially in digital public good, which has helped transform the payment and fintech segments. This ground-breaking public-private partnership can be replicated in education to enhance access to education in a big way, he said.

Stardew Valley provides all the essential equipment and tools that are required for activities which include breaking of ores and chopping wood. One begins their journey in farming with tools, such as a Watering can, Garden Hoe, and Pickaxe Axe. These tools are regarded as the most necessary as one cannot grow crops or clean their farmland without using them. They are also utilized for gathering many materials that are required for crafting as the game progresses. Despite the basic equipment being of help, they cannot enable one to get their jobs done with the progression of the game as they get exposed to complex ores and materials. It will come to the immediate notice of the players that there are huge stumps on their farmland that are not possible to be chopped down with the normal axe. This translates to requiring improved tools for getting the most out of one’s gaming journey and making more progress.

Mullen Automotive (NASDAQ:MULN) announced Wednesday that successful completion of solid-state polymer cell to pack integration for the Mullen ONE Class 1 EV cargo vans.

RBI) has voiced its concerns over elevated levels of gross non-performing assets (NPAs) in urban cooperative banks, although profitability indicators have improved. It has called for a further strengthening of governance standards and risk management practices among other things in its assessment of the sector in the Report on Trend and Progress of Banking in India 2022-23. The RBI is asking the co-operative banks to adopt global best practices of supervision. «A further strengthening of the quality of governance, based on the three pillars of compliance, risk management, and internal audit, warrants priority,» it said in the assessment of the developments in the cooperative banking sector.

non-banking financial companies (NBFCs) expanded 15% in FY23, with profitability and asset quality improving, but non-bank lenders must diversify and look beyond traditional banks for their funding requirements, the Reserve Bank of India (RBI) said in an annual report. «The pace of expansion in the balance sheet of NBFCs accelerated in 2022-23. This was led by double-digit credit growth, mainly on account of unsecured loans.

The regulator said that it is reviewing the non-fund based facilities offered by banks such as guarantees and letters of credit to come up with guidelines as they form an important role in the growth and development of the economy. Banking industry's clean up continued for the fifth straight year as the fall in gross bad loans helped report a higher net interest margin, a key measure of profitability. All banks meet the regulatory capital requirements with it at 16.8% as of September. «Lower slippages helped improve asset quality across all bank groups, with gross bad loans to total advances ratio of banks dropping to a 10-year low,'' the RBI said in its annual Report on Trend and Progress of Banking in India.

urban cooperative banks though profitability indicators have improved. It has called for a further strengthening of governance standards and risk management practices among other things in its assessment of the sector in the latest `Trend and Progress in Banking’ released by the central bank on Wednesday.

MADRID (Reuters) — Spain on Wednesday extended a slew of measures designed to help people cope with high costs of living into 2024, even as the rate of inflation slows.

Despite losing around $2 billion to crypto thefts, 2023 saw a slight decline in hacking incidents targeting the cryptocurrency industry. 

As the crypto world buzzes with the launch of new meme coins, Osmosis (OSMO) has carved out its own success story, recently witnessing a striking 24.5% surge in its price.

Investing.com — US stock futures are showing minimal change this Tuesday night as investors closely monitor the benchmark index's progress towards a record high.

By Leika Kihara

(Reuters) — The United States has finalized contracts to purchase three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after the largest sale in history last year, the U.S. Department of Energy said on Tuesday.

Narendra Modi has hailed the commissioning of INS Imphal, emphasizing that it signifies a moment of great accomplishment for India and underscores the nation's increasing self-reliance in defense. Modi lauded the naval excellence and engineering prowess demonstrated by the commissioning of INS Imphal, describing it as a significant milestone for Aatmanirbharta, India's self-reliance initiative.

national maritime agencies towards ensuring the safety of merchant marine in the region," the Indian Navy said in a release. While speaking specifically about the attack on MV Chem Pluto, the Indian Navy informed that it conducted an on-scene examination and took crew inputs about the attack. “Based on MV Chem Pluto crew inputs and on-scene examination, the analysis by the Indian Navy team points to a strong possibility of a drone attack.

The Reserve Bank on Tuesday proposed to introduce a new category of money changers who may conduct business through an agency model by becoming Forex Correspondents (FxCs) of Authorised Dealers.Currently, the Reserve Bank issues licences to authorised dealers — banks authorised to deal in foreign exchange — and full-fledged money changers.

Spending Time with Family: Due to a hectic work schedule, long office travelling hours and various other issues, it becomes difficult to find time to be with family members. But from next year, make a resolution to spend more time with family. Budget Planning: Outlining a rough budget for the next year can help in limiting expenditures and saving more money.