Progressive Financial News
25.03 / 09:15
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Canada holds a state funeral to honor Brian Mulroney, one of its most consequential prime ministers
Politicians, dignitaries and celebrities joined members of the public at a state funeral to honor Brian Mulroney
25.03 / 05:15
Cooper
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UK, Oman trade agreements may figure in Commerce Ministry's 100-day agenda for new Govt: official
trade agreements (FTAs) with the UK and Oman are expected to figure in the commerce ministry's 100-day agenda roadmap for the new government, an official said. The ministry will also focus on issues pertaining to the exporting community with a view to promoting the country's outbound shipments. Further talks between India and Australia to expand the scope of existing economic cooperation and trade agreement (ECTA) for a comprehensive economic cooperation agreement (CECA) are also progressing at a healthy rate. The exercise assumes significance as while chairing a Cabinet meeting on March 17, Prime Minister Narendra Modi asked the ministers to meet secretaries and other officials of their respective ministries to discuss how the agenda for the first 100 days and the next five years can be better implemented.
24.03 / 19:17
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Will wait for 2 more days before next course of action: Vanchit Bahujan Aghadi
Vanchit Bahujan Aghadi (VBA) in Maharashtra has all but announced that it will not be a part of the Maha Vikas Aghadi (MVA) Opposition alliance and will contest the general elections on its own. VBA chief Prakash Ambedkar on Sunday said his party will wait for two more days before announcing its course of action.
24.03 / 18:25
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India wants WTO bodies to prioritise finance access, food security, tech
India has called for prioritising issues such as access to finance including trade finance, manufacturing concentration, food security, and reducing transaction costs in international trade and services for discussions in various bodies of the World Trade Organization (WTO). «Cross-cutting real-life trade issues which impact the developing countries disproportionately» such as access to technology, bridging digital divide, supply chain resilience, and enhancing effective aid for trade that is effective, demand driven, untied, and has recipient ownership should be taken for discussion on a priority basis," New Delhi said in its submission on 30 years of WTO and how the development dimension has progressed. «If a large part of the membership believes that their agenda is not in lockstep with the priorities of this organisation or the messaging being delivered to the external world...a sense of defeatism and decline in members' interest in the working of this organisation is imminent,» it said.
24.03 / 14:03
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Full Worm Moon: How and when to witness the first Lunar Eclipse of 2024 in the USA
celestial calendar unfolds, skywatchers anticipate not one, but two astronomical spectacles in the coming weeks. While all eyes are set on the upcoming Great North American Eclipse on April 8, a lunar prelude awaits tonight as the Full Worm Moon graces the night sky with the first lunar eclipse of the year.
24.03 / 08:31
COST
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2020
India aims for 30 percent of all vehicle sales to be electric by 2030: Care Edge Ratings
Care Edge Ratings shows that the demand for vehicles powered by traditional fuels is progressively shifting towards those that utilise alternative fuels. The share of petrol vehicle sales, as a percentage of total vehicle sales, has recorded a significant decline, decreasing from 86 percent in 2020 to 76 percent in 2023 while for diesel vehicles it has slightly decreased from 12 percent in 2020 to 11 percent in 2023. The sales volume of alternative fuel-driven vehicles recorded a growth of more than 400% in Calendar Year (CY) 2023 as compared to CY2020, though on a much smaller base.
24.03 / 07:31
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NDA partner AMMK announces Lok Sabha candidates for Tamil Nadu
AMMK) on Sunday unveiled its candidates for the seven-phased Lok Sabha elections. AMMK general secretary TTV Dhinakaran announced the names of the party's Lok Sabha candidates. The AMMK will contest two seats in the DMK-ruled southern state, as part of a seat-sharing deal with the BJP-led National Democratic Alliance (NDA).
24.03 / 06:43
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‘Call Narendra Modi ‘28 paisa PM..’,’ Udhayanidhi Stalin slams BJP-led Centre, stirs another controversy
Lok Sabha polls 2024: 'No NEP and NEET, govt exam in Tamil', here's what DMK manifesto promises He further alleged that the Centre has brought the National Education Policy (NEP) to “destroy the future of children in Tamil Nadu". He accused the Centre of showing bias against Tamil Nadu by not adequately allocating funds, implementing developmental projects, and banning NEET in the state.
24.03 / 06:21
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UK, Oman trade agreements may figure in commerce ministry's 100-day agenda for new Govt: official
UK and Oman are expected to figure in the commerce ministry's 100-day agenda roadmap for the new government, an official said. The ministry will also focus on issues pertaining to the exporting community with a view to promoting the country's outbound shipments. Further talks between India and Australia to expand the scope of existing economic cooperation and trade agreement (ECTA) for a comprehensive economic cooperation agreement (CECA) are also progressing at a healthy rate. The exercise assumes significance as while chairing a Cabinet meeting on March 17, Prime Minister Narendra Modi asked the ministers to meet secretaries and other officials of their respective ministries to discuss how the agenda for the first 100 days and the next five years can be better implemented.
23.03 / 20:23
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Will Kate Middleton resume her royal duties amid cancer treatment? Here’s what we know
Kate Middleton, the Princess of Wales, will resume her royal duties.
23.03 / 17:15
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LIVE: Brian Mulroney’s political ‘destiny’ remembered at state funeral
Brian Mulroney’s political “destiny” was clear to those who knew him even from a young age — but it was his deep love for his family that leaves those closest “heartbroken” by his death, the former prime minister’s daughter said at his state funeral in Montreal.“There was a destiny attached to my father that even in his youth, no one could deny,” said Caroline Mulroney, who delivered her father’s eulogy.Brian Mulroney, who was Canada’s 18th prime minister, died at age 84 on Feb. 29 in Florida. He led the country as a Progressive Conservative from 1984 to 1993.“To dad, everyone mattered,” said Caroline, recounting her father’s legacy and the pride he took in his Irish heritage and his upbringing in Baie Comeau, Quebec.“He became a truly great prime minister and a world leader.
23.03 / 15:25
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Passengers of Alaska Airlines flight that suffered mid-air emergency on Jan 5 may be 'crime victims', says FBI
FBI...A criminal investigation can be a lengthy undertaking, and, for several reasons, we cannot tell you about its progress at this time." After relatives of 346 people who were killed in two Boeing Max 8 crashes in 2018 and 2019 said that their legal rights have been violated, the US Justice Department in 2022 updated its guidelines for notifying victims of potential crimes. In 2021, the relatives said that their rights were violated when the department deferred a prosecution deal with Boeing without notifying them. The US Justice Department later apologized for not meeting with relatives of the crash victims before the announcement of the deal.
23.03 / 13:21
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Mizoram MP accuses BJP leaders of trying to turn India into Hindu kingdom
NDA government, K. Vanlalvena, Mizoram's lone Rajya Sabha member, on Saturday leveled a serious allegation against BJP leaders, claiming they are striving to transform India into a Hindu kingdom. Vanlalvena, who was named by the opposition Mizo National Front (MNF) as their nominee for the upcoming elections to the state's lone Lok Sabha seat, told reporters that the NDA is an alliance formed by various parties, not all of which share the ideologies of the BJP. «Some BJP leaders with vested interests are trying to turn the country into a Hindu kingdom. The NDA is likely to retain power at the Centre in the upcoming polls. If the NDA government takes steps, which are against the interest of the religious minorities, including Mizo Christians, I shall oppose it vociferously both within and outside Parliament,» the 54-year-old MNF leader said. However, Vanlalvena commended the NDA government, led by Prime Minister Narendra Modi, for its contributions to economic development in the country.
23.03 / 11:45
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International
GTA 6 development faces significant setback, potential release delay looms: Report
GTA 6's development is facing challenges, sparking concerns among senior Rockstar executives regarding potential delays in hitting the scheduled release. Bloomberg's February report indicates a supposed directive for employees to resume office work by April 2024, suggesting Rockstar's concern over finalizing development stages remotely and averting a possible release delay until 2026. Despite concerted efforts to maintain progress, uncertainties persist about the game's release timeline.
23.03 / 04:37
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Lok Sabha polls 2024: Actor Govinda likely to make a political comeback, may join Eknath Shinde's Shiv Sena
Comparing PM Modi to Aurangzeb insult to nation: Maharashtra CM Eknath Shinde Separately, CM Shinde on Thursday conducted a Lok Sabha review meeting with the Shiv Sena party cadre in Mumbai's Worli. He urged MLAs to exert maximum effort in their respective constituencies to secure victories. Shinde advised the party members to reach out to the people, ahead of the Lok Sabha elections.
23.03 / 02:53
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PM Modi dedicates Bhutan's highest civilian award to ‘140 crore people of India’, says ‘India-Bhutan ties will…’
India-Bhutan relations will keep growing and benefit our citizens." PM Modi became the first foreign dignitary to receive the honor. As per ranking and precedence established, the Order of the Druk Gyalpo was instituted as the decoration for lifetime achievement and is the pinnacle of the honor system in Bhutan. Previous recipients of the award include Royal Queen Grandmother Ashi Kesang Choden Wangchuck in 2008; Je Thrizur Tenzin Dendup (68th Je Khenpo of Bhutan) in 2008 and Je Khenpo Trulku Ngawang Jigme Choedra in 2018.
23.03 / 02:35
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Lok Sabha Polls: BJP announces seat-sharing strategy for northeast India
BJP) on Friday announced its support for the Lok Sabha candidates of the Naga People's Front (NPF) in the Outer Manipur Constituency, the National People's Party (NPP) in both the seats of Meghalaya (Shillong and Tura), and the Nationalist Democratic Progressive Party (NDPP) in Nagaland for the forthcoming parliamentary elections in 2024. The announcement was made by Manipur Chief Minister N Biren Singh and BJP Co-ordinator of North East, Sambit Patra, in separate posts on X. «Following the decision by BJP under the guidance of JP Nadda, and upholding our alliance principles, I am delighted to share that BJP will lend its support to Lok Sabha Candidates of NPF in the Outer Manipur Constituency for the forthcoming Parliamentary elections in 2024,» Manipur Chief Minister N Biren Singh said in a post on X.
22.03 / 20:17
FIVE
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FY25 outlook bright, need to watch out for CAD: Finmin
economic outlook for FY25 remains «bright», the finance ministry said on Friday, noting that the economy will close the current fiscal with strong growth accompanied by stable inflation, robust external account and progressive employment scenario. «On the whole, India looks positively towards the dawn of FY25,» the ministry said in its monthly economic report for February. It asserted that the pick-up in investment has been «broad-based», driving growth while consumption remains «steady». The government's capital spending push has helped crowd in private investments, the ministry said. It, however, flagged that an increase in domestic household savings will be necessary to finance private sector capital formation.
22.03 / 16:37
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California Democratic lawmakers seek ways to combat retail theft
California lawmakers are split on how to best address the retail theft cases that have proliferated in the state
22.03 / 13:17
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What is the fastest way to improve your CIBIL score? Follow these 9 steps
CIBIL score (or credit score) requires consistent effort and responsible financial behaviour over time. For instance, Ajay Gupta, a Bengaluru-based software engineer in his early 30s, learnt that his Cibil score is 620, and now wants to improve it. He realised that this partly happened because he maxed out his credit card and most of his credit comes from credit card.
22.03 / 09:05
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Domestic household savings needs to increase to finance pvt capital formation in economy: Finance Ministry Eco Review
domestic household savings in order to finance private sector's capital formation in the economy, the Finance Ministry said in the February edition of its Monthly Economic Review. «The narrowing merchandise trade deficit and rising net services receipts are expected to result in an improvement in the current account balance in the ongoing financial year,» the report said. However, the current account deficit will bear watching in FY25, it cautioned. The ministry has a positive outlook when it comes to retail inflation in the country.
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