Reform Financial News

major reform in the Panchayati Raj System, the Assam government has proposed the introduction of political symbols in the elections of Zilla Parishad and Anchalik Panchayat and no party symbols for candidates contesting GP elections. The cabinet has approved amendments to certain provisions of the Assam Panchayat Act, 1994. These will include an indirect election for the post of President of Gaon Panchayat; a new GP President will be elected from the 1O GP members.

Narendra Modi and US President Joe Biden picked up from where they left off in June during their bilateral meeting on Friday in advance of the G20 Leaders’ Summit in New Delhi. “The leaders called on their governments to continue the work of transforming the India-U.S.

By Marcela Ayres and Bernardo Caram

Japan is moving toward crypto tax reforms, with the nation’s top financial regulator set to change the way it taxes domestic crypto firms.

Streamlining this multifaceted electoral system presents a formidable challenge. The Indian government, said to be driven by a desire for development and efficiency, has recently expressed its interest in retreating to a voting system reminiscent of the 1960s. Any change — whether beneficial or detrimental — also may mean the government is walking on a thin rope as they will have to counter severe scrutiny, especially now that several opposition parties have united under the banner of «INDIA.» Nonetheless, the government, led by Prime Minister Narendra Modi, appears committed to the cause. The government has reportedly formed a committee under the chairmanship of former President Ram Nath Kovind, who too had voiced support for this idea years back, to explore possibility of 'One Nation, One Election'. Also Read: Indian govt forms committee to explore possibility of 'one nation, one election': Report The government in a surprise announcement on August 31 called for a special session of Parliament for five days starting September 18. However, no official announcement was made regarding the agenda of the session. But speculation is rife that the session may include discussions on the upcoming elections, with some expecting a 'One nation, one election' move from the Centre, while others predict a poll preponement.

Many of the major reforms to ticket sellers in the U.S. have failed to pass this year

Reuters on Friday. As per the report, this call for change joins a growing chorus of demands for transformation from various other investors. Earlier this year, activist shareholder Bluebell Capital Partners had also advocated for a breakup of the company.

Lebanon’s interim central bank governor has called on the country’s ruling class to quickly implement economic and financial reforms that the central bank won’t offer loans to the state and does not plan on printing money to cover the huge budget defic...

NEW DELHI : A central scheme for states introduced during the early days of the covid-19 outbreak to provide interest-free capital-expenditure (capex) loans will now come with strings attached as the government attempts to nudge states to implement specific reforms. Out of the ₹80,000 crore earmarked this fiscal for the ‘Special Assistance to States for Capital Investment’ scheme, ₹40,000 crore has already been disbursed without conditions; of the rest, ₹30,000 crore will be disbursed only if states can show progress on reforms or present specific project proposals, two people aware of the plan said on condition of anonymity.

By Elisha Bala-Gbogbo

Red Fort on Independence Day, Prime Minister Narendra Modi on Tuesday said that India has emerged as a confident nation in the last 10 years, and now even at the international level, it is known as the voice of the Global South and a critical part of global supply chains. Modi, with his eyes firmly focused on the slew of Assembly elections in the next few months as well as the 2024 Lok Sabha polls, said that he was giving a report card of the last 10 years under the shadow of the Tricolour. “We have left behind an old school of thought and whatever projects I am inaugurating today were conceptualised in the last 10 years.

Narendra Modi addressed the nation and said that the nation speaks for perform, reform and transform as people formed the new government in 2019. “As nation formed a new government in 2019, PM Modi found the courage to reform. Today, the nation's speaks for perform, reform and transform," said PM Modi at Red Fort.

Korea prepares to welcome more foreign workers through its reformed immigration policy, greater emphasis will be placed on an immigrant's proficiency in the Korean language compared to other skills. The Ministry of Justice told The Korea Times that fluency in Korean would play a significant role in the issuance of E-7-4 visas. These visas, which grant permanent stay in Korea with an initial three-year period and unlimited renewals, are given to individuals who meet specific criteria including a minimum of four years of work experience. The Ministry stated that mastering the Korean language is fundamental for immigrants to assimilate into Korean society, paralleling the approach of other countries. To encourage this, higher points will be awarded to those with exceptional language skills who seek to switch to E-7-4 visas. This stance aligns with the direction set by Justice Minister Han Dong-hoon, who emphasized the primacy of language ability over even technical skills like welding. He emphasized that individuals proficient in Korean would receive substantial incentives. Han Dong-hoon also emphasized the urgency of immigration reform to embrace skilled foreign workers as a critical priority for Korea. Despite government efforts, the nation's birthrate continues to decline dramatically, prompting a need for harmonious coexistence with foreign labor. Han Dong-hoon stressed that Korea's future hinges on the development of a well-structured immigration system and cautioned against hasty implementation to prevent severe political divisions. He cited examples from various other countries to highlight the importance of careful planning.

By Dietrich Knauth

By Duncan Munn and Alexandre Laurin

This week began with an outbreak of communal violence on the outskirts of India’s national capital region. On Monday, a religious procession led by a Hindu right-wing outfit in a Muslim-populated area saw clashes erupt, with mob lawlessness spreading to streets in Gurugram barely 40km south of Parliament House, and a local mosque set ablaze late at night. As seen in multiple cases before, what stood out starkly was the role of law enforcers.

By Libby George and Marc Jones

New Delhi: The Lok Sabha on Friday passed the National Nursing and Midwifery Commission Bill, 2023 and the National Dental Commission Bill, 2023, which seek to regulate nursing and dental education and practice. These bills will replace the Indian Nursing Council Act, 1947 and the Dentists Act, 1948. The legislative changes are significant as they seek to bring greater transparency and quality to the fields of nursing, midwifery and dentistry.

By Chen Aizhu, Emily Chow and Andrew Hayley

By Ari Rabinovitch

By John Kruzel