Progressive Financial News

China will on Tuesday set a goal of five percent gross domestic product growth for the year, an official copy of a government work report seen by AFP showed, one of its lowest in decades and in line with last year. The GDP target is set to be officially unveiled later in the day at a meeting of the National People's Congress, China's parliament.

By Nate Raymond

The NAO report, published today (4 March), revealed the number of compliance breaches at the central bank has remained high, with 628 minor and 28 major breaches of staff policy reported in the year to August 2023. The report was set up following two high profile incidents in 2017 and 2019. In 2017, Charlotte Hogg, one of the BoE's deputy governors, was forced to resign after she failed to formally declare a conflict of interest arising from her brother working for Barclays, which is regulated by the BoE. Then in 2019 the central bank identified weakness in its procurement and technol...

Kate Winslet graces HBO once again, transitioning from the acclaimed Mare of Easttown to a new role in The Regime. Set in an autocracy facing internal turmoil, Winslet takes on the challenging role of Chancellor Elena Vernham. The series, lauded by Rotten Tomatoes, offers a different flavor than HBO's Succession, blending comedy with the intricate power play. Winslet is joined by a stellar cast, including Matthias Schoenaerts, Andrea Riseborough, and Hugh Grant.

Lok Sabha elections this year. During the meeting, a 100-day agenda for immediate steps to be taken after a new government is formed in May was deliberated upon for its quick implementation.

₹1 apiece at Jan Aushadhi Kendras imply a significant rise in real living standards at relatively low household spending levels. Similarly, the impact of prominent schemes such as the Swachh Bharat Mission, Ayushman Bharat and PM-Awas Yojana in directly improving the living standards of Indian households could be interpreted as a (notional) rise in consumption expenditure, especially for the lower fractiles.

Howard Schultz officially stepped down as chief executive officer of Starbucks in March 2023. But with Schultz [whose name has so closely been associated with the Starbucks story], you’re never really sure that he’s gone. Twice before has the coffee-chain’s longtime CEO handed over the company’s reins to a hand-picked successor.

By Stephanie Kelly

₹2 trillion worth of sanctioned projects are fast-tracked. Slow progress on DPRs has been one of the reasons projects worth trillions of rupees have failed to move ahead and get awarded. The situation has become particularly alarming in the current financial year, with highway awards falling way below the targeted 12,000 km -- indicating a thinning of the pipeline for projects that would impact construction over a longer period.

SJVN Ltd on Sunday said its arm SJVN Green Energy has bagged a 200 MW solar project in an e-Reverse Auction conducted by Gujarat Urja Vikas Nigam. This project is to be developed by SJVN Green Energy on a build-own-and-operate basis at the tentative development cost of Rs 1,100 crore, a company statement said. According to the statement, SJVN bagged the 200 MW capacity in the tariff-based competitive bidding for the development of solar projects in the 1,125 MW Gujarat State Electricity Corporation Limited (GSECL) Solar Park at Khavda, Gujarat. SJVN through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL) has secured a 200 MW Solar Project at a tariff of Rs 2.66 per unit in an e-Reverse Auction conducted by Gujarat Urja Vikas Nigam Limited (GUVNL).

council of ministers have brainstormed on vision document for Viksit Bharat 2047 and detailed action plan for the next 5 years, said government sources on Sunday. The meeting was chaired by Prime Minister Narendra Modi. In what may be the last such meeting before the big polls, several ministries articulated their ideas in the meeting. Meanwhile, after formation of the new government in May 2024 and for quick implementation of the said plan, a 100-day agenda for immediate steps has also been worked upon, they said.

Investing.com — Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for MediaAlpha and Constellation Energy and a downgrade for Roku.

BJP announced its first list of 195 candidates for the upcoming Lok Sabha polls, the Overseas Friends of BJP in the US has kicked off its 2024 election campaign pledging to volunteer and contribute towards the goal of winning 400 seats in the elections. The Bharatiya Janata Party (BJP) on Saturday released its first list of 195 candidates out of which 51 are from Uttar Pradesh, including Prime Minister Narendra Modi from Varanasi. «The Indian Diaspora is going to support the BJP in India,» Adapa Prasad, president of Overseas Friends of BJP (OFBJP) USA told PTI after the conclusion of the kick-off event on Saturday in a Maryland suburb of Washington DC. The event was attended by about 100 core members of the OFBJP.

fake job cards under the national rural job guarantee scheme and that “every scheme has been transformed into a scam” in Trinamool Congress’ “tolabaaz raj”. Speaking at a public rally in Krishnanagar, Modi also set BJP a target of winning all the 42 Lok Sabha seats in the state in the upcoming elections. Countering Trinamool’s claim that the Centre has withheld funds for MGNREGA and other schemes, the Prime Minister alleged: “TMC have put their own sticker on every scheme. People of the country must know, every scheme has been transformed into a scam. They are masters of doing it.”

Lok Sabha polls, the Overseas Friends of BJP in the US has kicked off its 2024 election campaign pledging to volunteer and contribute towards the goal of winning 400 seats in the elections. The Bharatiya Janata Party (BJP) on Saturday released its first list of 195 candidates out of which 51 are from Uttar Pradesh, including Prime Minister Narendra Modi from Varanasi.

PTI-Videos, the Railway Minister said that though the work on the Kolkata Metro started in the 1970s, the progress made in the last 10 years of the Modi government was much more than the 40 years before that. -The work on Kolkata Metro progressed in several phases.

Epic Games has stirred excitement with the announcement of a spectacular live event featuring the Titan Hand and Earthquake. This event, set to unfold amidst seismic activity on the island, marks the transition to the game's forthcoming season, rumored to embrace a Greek mythology theme, as per a Dexerto report.

karyakartas (workers) for showing a 'constant' faith in him. In a post on X, PM Modi said he looks forward to serving the people of Kashi for the third time. “I thank the @BJP4India leadership and bow to the crores of selfless Party Karyakartas for their constant faith in me.

Prime Minister Narendra Modi, who is in Krishnagar, West Bengal, to launch multiple and lay foundation stone for multiple projects, said despite being the doorways to the east, “Bengal remained left behind" "...From the infrastructure point of view, railways is a part of the glorious history of West Bengal, but the historical progress that Bengal had achieved could not be utilized properly after independence. That is why despite all the possibilities, Bengal remained left behind." “In the last 10 years, we have laid a lot of emphasis on the rail infrastructure here to bridge that gap, today our government is spending more than twice as much as before for the rail infrastructure of Bengal..." PM Modi on Saturday inaugurated and laid the foundation stone of multiple development projects worth ₹15,000 crore in Krishnanagar city in West Bengal's Nadia District on Saturday.

Fossil fuels have powered human progress for centuries, but their unimpeded use has left us with a ‘substantial possibility’ of the global temperature rise breaching the 2° Celsius threshold by mid-century, despite significant efforts to counter global warming. Notably, the Global North accounted for about 75% of the cumulative global emissions until the last century. But as the Global South – which includes India – moves along a similar growth curve, it is crucial to remember that it does not have the luxury of having vast reserves of fossil fuels at its disposal. Besides, India’s aspirations for a renewable energy-driven future face a challenging path. Despite significant progress, with around 43% of installed power capacity being renewable, coal-based thermal power still contributes to roughly 75% of India’s power generation due to the intermittent nature of solar and wind energy. India must balance decarbonization with industrialization to fuel economic growth and employment opportunities.

Starting a new job is an exciting milestone that brings opportunities for growth. You get opportunity to earn monthly income and become independent to take your own decisions. However, it’s crucial to approach your finances with care to avoid common pitfalls that could derail your financial journey.