Progressive Financial News

carbon tax on certain imported goods, Commerce and Industry Minister Piyush Goyal on Friday said, adding that «I will retaliate» if required. The CBAM (Carbon Border Adjustment Mechanism) or carbon tax (a kind of import duty) will come into effect from January 1, 2026. However, from October 1 this year, domestic companies from seven carbon-intensive sectors, including steel, cement, fertiliser, aluminium and hydrocarbon products, will have to share data with regard to carbon emissions with the EU. «Bharat will address the problem of CBAM with confidence, and we will find solutions.

Inflation’s “volatility’” is keeping the Bank of Canada cautious about the future path for interest rate decisions, according to a senior central bank official.

RBI Monetary Policy (MPC) Meet: Reserve Bank of India Governor Shaktikanta Das made two announcements related to the Unified Payments Interface (UPI) in India, one specific and one with broader ramifications for the online payments ecosystem. The first announcement Das said is for "enhancing UPI transaction limit for specific categories" such as payments to hospitals and educational institutions from the current ₹1 lakh to ₹5 lakh. "The limit for various categories of UPI transactions has been reviewed from time to time.

RBI) Monetary Policy Committee (MPC) projects CPI inflation at 5.4 percent in 2023-24 (FY24), unchanged from earlier. For Q3FY24 (September-December), the projection has been slightly lowered to 5.4 percent from 5.6 percent. The forecast for Q4FY24 (January - March) remains unchanged at 5.2 percent.

RBI Monetary Policy (MPC) Meet: The Reserve Bank of India's MPC has kept repo rates unchanged at 6.5 percent, RBI Governor Shaktikanta Das announced on December 8. “The RBI MPC has decided unanimously to keep the policy repo rate unchanged at 6.50 percent. Consequently, the standing deposit facility (SDF) rate remains at 6.25 percent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 percent," Das said.

Bank of India (RBI) refrained from surprising the market as on expected lines it kept policy rates and stance unchanged on Friday, December 8. The Monetary Policy Committee (MPC) of the RBI unanimously decided to keep the repo rate unchanged at 6.5 per cent after its December meeting. The MPC maintained the policy stance of 'withdrawal of accommodation' by the majority of 5 out of 6 members.

Narendra Modi and said that he cannot be intimidated or forced to take any decisions that are contrary to India's interests. While speaking at the 14th VTB Investment forum Russia Calling, he also spoke of PM Modi's tough posturing and stance when it comes to defending the national interests. "I cannot imagine that Modi could be intimidated, or forced to take any actions, steps and decisions that are contrary to the national interests of India and the Indian people.

The United Nations says at least three of every four Africans can’t afford a healthy diet because of an “unprecedented food crisis.”

European Union talks on comprehensive artificial intelligence regulations were paused after 22 straight hours

Hundreds of people have rallied in the Slovak capital against the new government’s plan to close the special prosecutors office that deals with major crimes, including high-profile murders, terrorism and graft

Within the constantly changing world of virtual currencies, Bitcoin is notable for its stability. Bitcoin has remained largely unaffected by recent market swings, with the best cryptocurrency holding firm currently trading above $43,000. A number of factors, such as institutional adoption, limited supply, and growing acceptance, have been identified by researchers as the reasons for this stability.

Discussions between the U.S. Securities and Exchange Commission (SEC) and hopeful spot Bitcoin ETF issuers have progressed to “key details,” according to a new report citing industry executives.

NSA Ajit Doval participated in the 6th NSA-level Meeting of the Colombo Security Conclave on Thursday in Port Louis, Mauritius to give push to steps to stabilise Indian Ocean Region. The Colombo Security Conclave was established in 2020 when India, Sri Lanka and Maldives agreed to expand the scope and membership of their Trilateral Meeting on Maritime Cooperation. Mauritius joined the conclave at the 5th NSA-level meeting of the Conclave on 09-10 March 2022 held in Male, Maldives. Cooperation under the CSC focuses on five pillars of cooperation including maritime safety and security, countering terrorism and radicalization, combating trafficking and transnational organized crime, cyber security and protection of critical infrastructure and humanitarian assistance and disaster relief.

Security personnel at the Bank of Canada could walk off the job in the new year if they vote to get into strike position later this month.

The Bank of Canada is holding its benchmark lending rate at five per cent, but warned that it was prepared to hike  rates again if necessary, adding a hawkish overtone — tinted with a “dovish undertone” — to its third consecutive hold.

Hindalco Industries, an aluminium manufacturer, has decided to back the new greenhouse gas (GHG) initiative of the International Aluminium Institute (IAI) and urged others to join it. The initiative was launched at the United Nations' Climate Change Conference (COP28), with 13 signatories committing to transparently and publicly tracking GHG reductions of all its member companies.

Hindustan Aeronautics Ltd. is in talks with at least three countries to export its homemade multi-role fighter jets as Prime Minister Narendra Modi seeks to more than triple the South Asian nation’s overseas defense sales. Discussions with Nigeria, Philippines and Argentina to export the Tejas fighter jets are progressing, C.

PTI reported. The Congress, in its poll manifesto for the Telangana Assembly Election 2023, had promised six guarantees which would "help realise the dream of Bangaru Telangana", party chief Mallikarjun Kharge had said in a post on X. These six guarantees were categorised as "Mahalakshmi", "Rythu Bharosa", "Gruha Jyothi", "Indiramma Indlu", "Yuva Vikasam" and "Cheyutha".

Israel and the occupied West Bank this week to expedite humanitarian aid to Gaza, aiming to discuss direct aid delivery by sea during talks with Israeli and Palestinian leaders, CNN reported on Thursday. Shapps emphasised the search for the quickest and most direct routes, including options by land, sea, and air. Additionally, four Royal Air Force flights carrying over 74 metric tons of aid for Palestinians have landed in Egypt.

exchange-traded funds (ETFs) and mutual funds, the financial goals of partners are often disregarded, despite their considerable influence on the success of a relationship. Considering your finances as a shared responsibility and collaboratively making financial decisions is a pivotal stride in fortifying your connection and nurturing the growth of your relationship. Sharing your financial details and collaborating on financial management fosters trust and transparency in your relationship.

Telangana CM Oath Ceremony Live During the swearing-in ceremony of the 56-year-old CM Congress Parliamentary Party (CPP) chairperson Sonia Gandhi, former AICC president Rahul Gandhi, Karnataka Chief Minister Siddaramaiah, his deputy D K Shivakumar were also present. Revanth Reddy swearing-in today: 10 things to know about new Telangana CM Prime Minister Narendra Modi congratulated A Revanth Reddy on being sworn in as Telangana CM and assured all possible support to further the progress of the state. In a post on X, Modi said, "Congratulations to Shri Revanth Reddy Garu on taking oath as the Chief Minister of Telangana.