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G20 finance ministers and central bankers, under India’s presidency, in Marrakech next week, the Development Committee of the World Bank has proposed the creation of additional annual lending capacity of more than $100 billion over the next decade for the multilateral lender to run a more inclusive agenda on climate change and poverty alleviation. The final recommendations of the joint ministerial committee of the boards of governors of World Bank and the International Monetary Fund reflect suggestions made by the Independent Expert Group set up by the G20 co-chaired by 15th Finance Commission chairman N.K.

The Bihar government has conducted this exercise with unstinted resolve — a task which could not be done by other state governments. But others will follow, and we will be swamped with figures of relative strength of castes.

By Tim Hepher

By Michael Erman

MUMBAI : The Reserve Bank of India on Wednesday constituted an external working group on expected credit loss (ECL) based framework for provisioning by banks. This move comes after RBI released a discussion paper in January this year on shifting from the incurred-loss approach to the ECL model, a transition aimed at making the banking system more resilient.

Supreme Court on Wednesday asked the Enforcement Directorate (ED) to explain why the political party (Aam Aadmi Party), which was allegedly the beneficiary of the Delhi Excise Policy 'scam', has not been made an accused in the money laundering case. The ED has claimed the AAP used Rs 100 crore received as kickback from various stakeholders for its campaign in the 2022 Goa assembly elections.

Delhi BJP on Wednesday sought to corner the AAP whose leader Sanjay Singh was arrested by the ED in an alleged liquor policy scam, saying the heat of the probe will reach party leader Arvind Kejriwal. The heat of liquor 'scam' probe that has led to arrest of former Deputy CM Manish Sisodia and Sanjay Singh will ultimately reach Delhi Chief Minister Arvind Kejriwal, they said. The Enforcement Directorate arrested Singh Wednesday in connection with the now-scrapped Delhi excise policy hours after a raid at his North Avenue residence in the national capital earlier on the day.

₹90,000 crore has been released by the government for these projects. While metro rail systems have raised the bar for public transport quality, they are expensive and their financial performance and patronage are not impressive. The existing revenue streams of most, including large and mature ones, are unable to meet their total expenses.

Manish Sisodia, and former health minister in Delhi cabinet Satyendar Jain. The 51-year-old leader becomes the second high-profile AAP leader to be arrested in this case after former deputy chief minister Manish Sisodia. AAP had issued a statement after MP Singh's arrest, claiming, “Sanjay Singh speaks for people, his arrest after Manish Sisodia and Satyendar Jain shows BJP's frustration as it is losing to INDIA bloc".

University Grants Commission has written to the Tamil Nadu chief secretary, objecting to the constitution of search-cum-selection committees for the appointment of vice-chancellors to state universities without a nominee of the commission chairman, sources said. Referring to a notification dated September 13 in the Tamil Nadu government gazette to constitute a search committee to recommend a panel of three persons for the selection of vice-chancellor for the University of Madras, the University Grants Commission (UGC) has warned that the appointment of a vice-chancellor in violation of the higher-education regulator's norms shall be «null and void» and can lead to legal complications.

Sebi) on Wednesday in a statement said it has formed several working groups to simplify various rules falling under the regulator. The move follows the announcement in the Union Budget earlier this year, where the government vowed to carry out a review of existing financial sector regulations. «To simplify, ease, and reduce the cost of compliance, financial sector regulators will be requested to carry out a comprehensive review of existing regulations. For this, they will consider suggestions from public and regulated entities,» Sitharaman had said. There will be time limits to decide the applications under various regulations, the finance minister had said, adding that public consultations, as necessary and feasible, will be included in the process of regulation-making. «Pursuant to the Budget announcement, Sebi constituted working groups to recommend simplification of various regulations,» the regulator said in a statement. The working groups will also look into the compliance requirements to enhance the ease of compliance and a reduction in the cost of compliance.

Enforcement Directorate (ED) conducted searches at the residence of Aam Aadmi Party (AAP) MP Sanjay Singh, Shiv Sena (UBT) MP Sanjay Raut on Wednesday said that this is the height of dictatorship. Sanjay Raut said that Singh asked questions so he has been expelled from Parliament. «Sanjay Singh is an MP and has been a fearless journalist. He asks questions and because of asking questions, he has been expelled from the Parliament. Raids are being conducted in his house,» Raut said while speaking to ANI He further said, «Raids are conducted on us, it happens in Maharashtra, West Bengal, Chhattisgarh, Jharkhand but why are there no raids in Gujarat, Madhya Pradesh, Assam and others where they (BJP) are in power? If you want information, we will give you information about where the scams are taking place. The way the raids are going on at Sanjay Singh's house, I feel that this is the height of dictatorship.» The ED this morning arrived at Sanjay Singh's Delhi residence and began its searches in connection with the Delhi excise policy case.

GENEVA (Reuters) — The United Nations trade body called on Wednesday for global growth to be revived by reducing inequalities between countries and for top central banks to play a bigger role in stabilising the world economy.

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Stockbroking outfit Morgans was accused of voting shares of clients without authorisation in a boardroom brawl for a dental chain that it had helped raise $35 million in a disastrous float.

The European Union has announced plans to better protect its cutting-edge technologies from foreign snooping that might threaten its economy and security

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Tata Motors as on the date of the filing of the Red Herring Prospectus with the Registrar of Companies (RoC), will be considered eligible for the initial public offering (IPO), Tata Technologies said in an addendum to its draft red herring prospectus (DRHP) filed with Sebi. The company has capped the maximum bid amount under Tata Motors shareholders' reservation portion at Rs 200,000. The issue, which is an offer for sale (OFS) will see the promoter company and two investors offloading a combined 95,708,984 equity shares. Tata Motors will offer up to 81,133,706 equity shares which is 20% of the pre-offer paid-up equity share capital of Tata Technologies. Investors Alpha TC Holdings Pte.

Bullion prices fell for the eighth session in a row amid an uptick in the dollar index (DXY) following Atlanta Federal Reserve President Raphael Bostic's comment that the rates are likely to remain higher for longer. On Wednesday, the MCX December gold futures were trading at Rs 56,851 per 10 gram, down by Rs 76, or 0.13%.