Progressive Financial News

Ensuring all children in India get good education requires ensuring children have access to schools and that schools are delivering quality education. Our education system prioritized access to education and the quality of what is delivered in classrooms got overlooked. In order to achieve the goal of universal access, driven by the values of equity and inclusion, the system has put its effort behind building schools, making sure that teachers are deployed, equipping classrooms, etc.

The soaring cost of Canada’s housing has become a major political problem for Prime Minister Justin Trudeau as his chief rival zeros in on generational grievances over affordability.

Congress leadership on Wednesday discussed the party's strategy for the next Lok Sabha elections with senior party leaders from Karnataka. Congress president Mallikarjun Kharge and former party chief Rahul Gandhi were part of the discussions, where Karnataka Chief Minister Siddaramaiah and deputy chief minister D K Shivakumar, besides AICC general secretary in-charge for Karnataka Randeep Surjewala, were present.

inflation is getting tougher. While concerns over the monsoon seem to dispel, food inflation might yet remain high. The RBI has recently said that the fight is far from over and monetary policy has to stay the course to align inflation with the target in this last leg of a strenuous journey. India's retail inflation rate is likely to breach the central bank's 6% tolerance ceiling again due to sticky pulses and cereal prices even as vegetable price pressures ease, pushing policymakers to raise inflation target in August meeting, Nomura has said in a report. Factors other than the monsoon have been increasingly shaping food inflation. A case in point is the 6%+ inflation print in three of the past four normal monsoon years, argues a Crisil report. Monsoon has been normal/above-normal at an all-India level over the past four years. Predictably, foodgrain production has risen in these years. Even then, food inflation, as measured by CPI, remained above 6% in three of these four years. The southwest monsoon started with a delay and stayed in deficit in June. However, it caught up well in July, and currently stands at normal (4% above long-period average, or LPA) as of August 1.

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The Cardano price has inched up by 0.5% today, reaching $0.306274 as the cryptocurrency market enjoys a similarly modest rise in the past 24 hours.

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G20 grouping, External Affairs Minister S Jaishankar said that India adopted an unconventional approach to its Presidency, making it much more connected with people. A major highlight of the second day of the Think20 (T20) Summit in Mysuru on Tuesday was a virtual address by Jaishankar, followed by a high-level interaction with him. Speaking on India's G20 Presidency, Jaishankar said that there have been «some achievements, some work in progress, and some hope in progress».

A class action against collapsed engineering group RCR Tomlinson will make a second attempt at mediation this month as investors question why the lawsuit has taken almost five years to resolve.

Fitch cuts US credit rating to AA+ from AAA after debt limit standoffs; White House “strongly disagrees" Fitch Ratings enlisted six key rating drivers in its statement. Take a look: Erosion of Governance: Fitch believes there has been a steady deterioration in standards of governance in the US over the last 20 years, including on fiscal and debt matters, in spite of the June bipartisan agreement to suspend the debt limit until January 2025.

₹52 crore. The political thriller is now available for streaming on Netflix since July 27. Directed by Mari Selvaraj, renowned for his impactful works like Pariyerum Perumaal and Karnan, the movie delves into the theme of anti-casteism.

New Delhi: The rise of connected television sets in India is all set to make advertising more targeted with new and small brands being able to address just the audience they wish to said Brett Poole, chief executive officer, APAC (Asia Pacific region) and AUNZ (Australia, New Zealand) at Finecast, a GroupM-owned addressable TV company that helps advertisers personalize and target ads on linear and on-demand TV. “We’re seeing huge growth in CTV in India, from 25 million last year, to 32 million this year and estimated to reach 40-45 million by 2025.

Cholamandalam Investment and Finance, the non-banking finance company of the Murugappa Group, reported a 28% growth in net profit year-on-year to ₹726 crore in the quarter that ended June 2023 from ₹566 crore a year ago led by strong growth in assets under management (AUM). Assets rose 42% year-on-year to ₹1.22 lakh crore from ₹ 86,703 crore a year earlier.

Roughly 7,500 BNSF train engineers may get up to eight days of paid sick time and more predictable schedules if they approve a deal with the railroad announced Tuesday

Toyota’s profit for the first fiscal quarter jumped to 1.3 trillion yen, or $9 billion, hitting a quarterly record for Japan’s top automaker

Sachin Bishnoi, who was allegedly involved in the murder of Punjabi singer Sidhu Moosewala, was extradited from Azerbaijan and brought back to India on Tuesday, officials of the Delhi Police said. He was produced in a Delhi court, which remanded him in police custody for 10 days. Officers from the Delhi Police's Special Cell had travelled to the Azerbaijan capital Baku to monitor the progress in the case.

Progressive lawmakers want to implement a wealth tax to reduce economic inequality, but financial advisors doubt that levying taxes based on assets would work.

Ask and you shall receive. Take it from TPG Telecom.

Teva Pharmaceuticals, a leading generic pharmaceutical company, is taking proactive measures to reduce its environmental impact by partnering with Honeywell, a technology company, to optimize energy consumption and carbon emissions at its manufacturing facility in Debrecen, Hungary.

₹1.65 trillion in Goods and Services Tax (GST) revenue in July, an 11% improvement over the year- ago period, official data showed on Tuesday. This is the fifth time GST revenue collection has crossed the ₹1.6 trillion mark, said the finance ministry. The government’s estimate for average monthly collection this fiscal is ₹1.65 trillion.c After settlement for inter-state sales, the Centre collected ₹69,558 crore and states ₹70,811 crore from GST in July, the finance ministry statement said.

Dubai's Virtual Asset Regulatory Authority (VARA) has granted an operating license to Laser Digital, the crypto division of the Japanese financial services giant Nomura.