Progressive Financial News

Xi Jinping on Saturday vowed to help Nepal transform itself from a landlocked country to a land-linked nation by facilitating infrastructure connectivity and transit transportation cooperation as he met Prime Minister Pushpa Kamal Dahal 'Prachanda' here. Xi met Prachanda on the sidelines of the Hangzhou Asian Games here in eastern China. Prachanda, who politically distanced from the pro-China Communist Party of Nepal (Unified Marxist-Leninist) headed by KP Oli after becoming Prime Minister in December last year made his maiden visit to China after visiting India and the US. In his meeting with Prachanda, Xi who made a high-profile visit to Nepal in 2019 and announced several high-profile projects said the two countries sharing borders through Tibet made progress with the 'Trans-Himalayan Multi-Dimensional Connectivity Network' and other 'Belt and Road' projects that have «taken shape». He urged efforts from both sides to promote infrastructure connectivity and expand transit transportation cooperation to help Nepal transform itself from a landlocked country to a land-linked country at an early date, state-run Xinhua news agency quoted him as saying. The trans-Himalayan connectivity projects include road and rail connectivity being laid through the rugged Himalayan mountains connecting Nepal with Tibet. As a landlocked country, much of its imports go through India.

National Investigation Agency (NIA) arrested Moirangthem Anand Singh in a case related to a transnational conspiracy by Myanmar based leadership of terror outfits to wage a war against the Government of India by exploiting the current ethnic unrest in the State of Manipur. The case was registered suo moto by the NIA at New Delhi. Five arrested people in Manipur who were arrested last Saturday with sophisticated weapons donning security forces uniform were granted bail by special NIA court. Soon after the release of five, one person Anand was re-arrested by NIA and taken to New Delhi.

ALSO READ: ODI World Cup 2023 prize money: How much prize money will winners and runners-up get The 14th edition of the Cricket World Cup is scheduled to take place in South Africa, Zimbabwe, and Namibia in October and November 2027. Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Paste this on click here: https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d As per the new format for 2027, two groups of seven, with the top three teams in each group will progress to a Super Six stage, followed by semi-finals and a final.

Ashwini Vaishnaw said on Saturday. Without divulging specifics of the proposals, the minister said the projects will focus on a special area where India can emerge as a leader at the global level. While speaking with PTI on the sidelines of the groundbreaking ceremony of Micron's semiconductor plant, Vaishnaw said that the global semiconductor company is noticing the progress made by India in the segment and Prime Minister Narendra Modi's capability to execute large and complex policy decisions.

Sikh body on Saturday said the India-Canada row was «a political gimmick» by the establishment to garner votes in the elections and that the community was an integral part of the country. «Everything is politically exploited.

India's image as a democratic country committed to rules-based order could take a hit, according to an expert. A diplomatic row erupted between India and Canada earlier this week following Canadian Prime Minister Justin Trudeau's allegations of «potential» involvement of Indian agents in the killing of Khalistani extremist Hardeep Singh Nijjar, a Canadian citizen, in British Columbia on June 18. India has rejected the allegations as «absurd» and «motivated» and expelled a senior Canadian diplomat in a tit-for-tat move to Ottawa's expulsion of an Indian official over the case. In a blog posted by the Wilson Institute on Friday, Canada Institute Associate Xavier Delgado said, «Trade will likely be the first major casualty of the fallout, with negotiations for the EPTA (Early Progress Trade Agreement) being put on hold.» «Both countries declared that they would pause trade talks with each other earlier this month and Canadian Trade Minister Mary Ng has indefinitely postponed a trade mission to New Delhi that had been planned for October,» he wrote. The negotiations were a notable part of Canada's Indo-Pacific Strategy, which listed the EPTA as a critical step towards a larger comprehensive economic partnership agreement (CEPA) that would bolster trade ties between the two countries, he said. The stalled trade talks have put a $17 billion bilateral trade relationship under strain.

Here are the latest developments on this BIG story:On allegations by Canada, Michael Rubin, former Pentagon official and a senior fellow at the American Enterprise Institute said, "Justin Trudeau was very short-sighted, and no one should trade, their short-term political convenience for the long-term relationship with the world's largest democracy".Experts have pointed out that the talks for a free trade agreement (FTA) between India and Canada may have taken a pause but will resume once the political row between the two countries is resolved.However, they said that India may not hurry for the trade agreement as 60% of New Delhi's exports are already entering Canada at zero duty.In March last year, the two countries re-launched negotiations for an interim agreement, officially dubbed as Early Progress Trade Agreement (EPTA).Over half a dozen rounds of talks have been held between the two countries on the trade pact so far.In such agreements, two countries significantly reduce or eliminate customs duties on the maximum number of goods traded between them. They also liberalise norms for promoting trade in services and attracting investments."I do not think that the current diplomatic row would impact the resumption of FTA talks.

New Jersey car dealership owner Tom Maoli says the UAW strike could disrupt the auto supply chain causing a ripple effect throughout the U.S. economy on Cavuto: Coast to Coast.

Federated Hermes CIO of Equities Stephen Auth joined ‘Mornings with Maria’ to discuss the U.S. economy as high oil prices start to raise concerns about sticky inflation.

Americans have been crunched by inflation and interest rates.

ERShares CEO Joel Shulman discusses the current state of the markets and the ongoing UAW strikes.

climate change and clean energy supply chains, and on infrastructure through the Quad Infrastructure Fellowships Program and the Quad Partnership for Cable Connectivity and Resilience," said the joint readout of the meeting. “We continue to advance the development of a secure and trusted telecommunications network with a network modernization project and Open Radio Access Network deployment in Palau, progress on Quad cybersecurity initiatives — and explore avenues to share Earth Observation data to monitor extreme weather events and support climate adaptation.

Auto workers have expanded their strike against major carmakers, walking out of 38 General Motors and Stellantis parts-distribution centers in 20 states

For Pushpender Singh, the Managing Director of JMS Group, land has always held a special place. Growing up in a farming household, he understood early on the intrinsic value of land, a precious asset that was revered above all else in his family and community. Today, as the helm of JMS Group, Singh's faith in land investments remains unshakeable, albeit with a new vision.

real estate sector is no exception. It is no longer about constructing buildings or making profits, it is about creating a legacy of ethical practices, community engagement, and transparent governance. While the real estate sector has made commendable strides, especially in environmental sustainability, there's more to ESG (Environment, Social, Governance) than just green buildings.

sovereignty and territorial integrity underpin the development of the Indo-Pacific region and expressed serious concern on the militarisation of disputed features, the dangerous use of coast guard and maritime militia vessels, and efforts to disrupt other countries' offshore exploitation activities. The Quad or the Quadrilateral coalition is a plurilateral framework comprising India, Australia, Japan and the US formed in 2017 to counter China's aggressive behaviour in the Indo-Pacific region. Foreign ministers of the four-nation bloc — External Affairs Minister S Jaishankar, US Secretary of State Antony Blinken, Australian Foreign Minister Penny Wong and Japanese Foreign Minister Kamikawa Yoko — met on the margins of the high-level 78th session of the UN General Assembly for the Quad Foreign Ministers' meeting and reaffirmed their commitment to uphold the principles of the UN Charter. «We reaffirm our conviction that international law, respect for sovereignty and territorial integrity, and the maintenance of peace and security in the maritime domain underpin the development and prosperity of the Indo-Pacific,» a joint readout of the Quad Foreign Ministers' meeting said. The ministers emphasised that disputes should be resolved peacefully and in accordance with international law, without threat or use of force. «We emphasise the importance of adherence to international law, particularly as reflected in the United Nations Convention on the Law of the Sea (UNCLOS), to address challenges to the global maritime rules-based order, including with respect to maritime claims, and in the South and East China Seas,» they said in the joint statement. The ministers emphasised the importance of maintaining freedom of navigation and

Guwahati: Assam's Pradhan Mantri Awas Yojana (Urban) programme is making remarkable strides in realizing the vision of sustainable housing for all. As of September 22, 2023, this visionary initiative has approved an impressive 551 Detailed Project Reports (DPRs), signalling the green light for 1,72,544 dwelling units. Importantly, an impressive 1,64,367 houses have already touched the ground, a testament to unwavering commitment. The financial front is equally inspiring, with a substantial Central Share (CS) of Rs. 1526.52 Crores and a corresponding state share of Rs.

The United Auto Workers union on Friday is set to expand its strike against Detroit automakers, barring any last-minute signs of significant movement in labor-contract negotiations. UAW President Shawn Fain has said he would instruct workers to walk out of more factories unless “serious progress" is made in talks with General Motors, Ford Motor and Jeep-maker Stellantis. About 12,700 factory workers have been on strike for a week at three plants, one for each automaker.

The gusts of evolution are currently blowing stronger than ever before in the building industry in India. In a huge and diversified country like ours, the construction sector has consistently been a vital contributor to economic progress. However, this industry has had its fair share of difficulties, ranging from prolonged project time-frames to rising prices and environmental issues.

If there is any city in the country which has seen both continuous and rapid transformation, it is undoubtedly Gurugram (being Gurgaon for most of the time)! What was once a cluster of villages today is now a global commercial & residential hub that has seen an exponential rise in its real estate index, thanks to the cosmopolitan working & living communities that have dotted the region.

The demographic dividend that India intends to exploit, on its stated intent, to be the third largest economy in the world would suffer a major loss, if living for senior citizens is not included into the plans today. Countries like Japan, Monaco, Italy, Germany etc. are consciously wrapping their policies around their aging population. While many developed nations have a third of their population over the age of 60, India’s elderly population is likely to rise to 41% over next decade and expected to touch around 194 mn.