Strategy Financial News

panchayats remains low, with the income through tax collected by the rural local governance bodies on an average being just Rs 59 per capita between 2017 and 2022, according to government data. Even as the generation of OSR for panchayats has come into focus to give these rural bodies more financial autonomy, according to the data compiled by the Panchayati Raj ministry, between 2017 and 2022, only an amount of Rs 5,118.98 crore was raised as OSR by the panchayats. This comes down to Rs 59 per capita and Rs 2.27 lakh per panchayat over the five-year period for 2.25 lakh gram panchayats across the country. The total population coming under these panchayats was more than 86.95 crore in the said period. Among the states, Gujarat collected the highest amount as OSR at Rs 829.75 crore, while Kerala came second collecting Rs 802.95 crore.

lithium-ion battery demand in India is set to grow exponentially to 54 gigawatt hours (GWh) by FY27 and 127 GWh by FY30, as the country sets an ambitious target to meet 50% of its primary energy requirement from renewable energy by 2030. Currently, domestic lithium-ion battery storage demand of 15 GWh is being almost entirely met through imports of lithium-ion cells and batteries. India imports almost its entire requirement of Li-ion batteries. However, CareEdge Ratings expects India's import dependency to decline to 20 per cent by FY27, despite significant growth in demand due to large-scale integrated capacities being built for Li-ion battery storage.

notice period smoothly. If you are on good terms with your employer and colleagues, the whole resignation to notice period will go smoothly. But if your workplace has a toxic environment, the resignation period could get challenging and stressful. Either way, what’s important is to resign gracefully so that you can always leave the door open for future opportunities. Moving out without burning bridges helps to stay connected with the people, which can assist in the exchange of knowledge and information throughout your career journey. Here are a few tips to help you resign professionally and maintain a positive relationship with your employer:

Stephen Covey’s book, “The 7 Habits of Highly Effective People”, shows how important this strategy is. It says a jar (life/effort/mind) can be filled up using rocks (priorities) and sand (distractions). If you fill the jar up with sand first, there won’t be space to put in the rocks. But if you put the rocks in first, the jar would be filled with more meaningful stones; even if sand is poured in, it would only fill the empty spaces. This shows that one should choose the things that are important in life and not waste time on other distractions. The book provides a detailed framework on building such habits. The author speaks about being proactive by taking responsibility for actions and responses. From a career perspective, this could involve identifying the root causes of delays and streamlining processes and tasks instead of complaining.

NOK Air Flight DD959, which was scheduled to fly from Rajiv Gandhi International Airport Hyderabad to Don Mueang International Airport (DMK) Bangkok, declared an emergency early on Saturday morning, GMR, PRO said. «Nok Air flight DD959 from Rajiv Gandhi International Airport, Hyderabad to Don Muang International Airport (DMK), Bangkok declared an emergency this morning. All passengers were deboarded and taken to the terminal after security checks, and their luggage was unloaded and checked,» Mukesh, PRO GMR said. Earlier one passenger was detained by the Raipur police in the matter pertaining to the emergency landing of a flight, said a police official on Thursday.

Sharad Pawar expressed confidence in the Maha Vikas Aghadi (MVA) coalition's success in the upcoming Maharashtra assembly elections. Speaking in the rain, Pawar, 83, linked the weather to past electoral victories, saying, “It has happened many times in the past that it has started raining when I start speaking in any Sabha, and at such times, the result of the election has been good.”

FICCI) and the Game Developers Association of India (GDAI) have signed a Memorandum of Understanding (MoU) at the Indian Game Developers Conference (IGDC) 2024. The partnership aims to accelerate growth, drive innovation, and enhance skill development in India’s rapidly expanding video gaming industry. This MoU represents a significant milestone in creating a robust video gaming ecosystem in India, setting the stage for the industry’s next wave of growth and international recognition. «FICCI is delighted to collaborate with GDAI to propel growth in India’s burgeoning video gaming sector. This partnership aims to build a strong ecosystem by advocating for industry-friendly policies at both state and national levels, while promoting innovation, skill development, and sustainable growth across the Media & Entertainment sector. The MoU reflects our commitment to nurturing talent and positioning India as a global leader in gaming intellectual property (IP), leveraging FICCI’s policy expertise and GDAI’s extensive developer network,” said Leena Jaisani, Deputy Director General, FICCI.

Ministry of External Affairs (MEA) announced on Saturday that Shri Anurag Srivastava, an officer of the Indian Foreign Service (IFS) from the 1999 batch, has been appointed as the next High Commissioner of India to the Republic of Mauritius. Currently serving as Joint Secretary in the Ministry, Srivastava is expected to assume the role shortly. The appointment underscores the importance India places on its longstanding ties with Mauritius. Mauritius, a key partner in the Western Indian Ocean region, shares deep historical, cultural, and demographic links with India.

Maharashtra Assembly Elections, Central Railway will run special suburban trains on November 19-20, and November 20-21, to facilitate the movement of election personnel and the public. According to an official release, these trains will operate on the Main Line (CSMT-Kalyan) and Harbour Line (CSMT-Panvel). CSMT-Kalyan special, CSMT to Panvel Special and Panvel to CSMT Special trains will run on November 19-20

Missed the EMI of your loan by 1 day? It can cost you more than you think What is MCLR?

Gold prices on Friday were on track for their biggest weekly decline in over three years as expectations of less aggressive interest rate cuts by the U.S. Federal Reserve lifted the dollar, denting allure for bullion among investors. Spot gold lost 0.1% to $2,565.49 per ounce as of 01:44 p.m. ET (1842 GMT). Prices have fallen more than 4% so far this week, touching their lowest since Sept. 12 on Thursday. U.S. gold futures settled 0.1% lower at $2,570.10.

Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts. Brent crude futures settled down $1.52, or 2.09%, to $71.04 a barrel. U.S. West Texas Intermediate crude futures (WTI) settled down $1.68, or 2.45%, at $67.02.

India is emerging as one of the least affected markets in the region when it comes to former U.S. President Donald Trump's trade policies, highlighted a report by global brokerage firm CLSA. The report stated that this resilience is attributed to India's relatively low trade exposure to the U.S., manageable corporate leverage, and declining levels of foreign equity ownership. While other markets might face greater vulnerabilities, India remains better positioned to weather such challenges. «India appears as among the least exposed of regional markets to Trump's adverse trade policy. Moreover, so long as energy prices remain stable, India may offer a relative oasis of FX stability in an era of a strengthening US dollar» it said.

Donald Trump's most controversial cabinet picks just became even more so: Pete Hegseth, tapped for defense secretary earlier this week, was accused of sexual assault in 2017, according to police. No charges were filed in the case, but shocked Trump transition team officials are nonetheless reportedly weighing next steps for the Fox News host, whose nomination took many in Washington by surprise. President-elect Trump nominated the 44-year-old National Guard veteran on Tuesday to run the world's most powerful military, despite having never managed a large organization.

The pan-European STOXX 600 index dropped 0.8%, trading just above a three-month low hit earlier this week.

Neeraj Goyat beat Brazil's Whindersson Nunes in an undercard fight. Goyat won the bout 60-54 in a unanimous decision. In Round 1, Goyat came up with a good show, landing jabs on Nunes, while also successfully dodging attacks from his opponent. Goyat raised the tempo in Round 2 and landed several big blows on his rival. He pushed the Brazilian towards the rope connected a flurry of hits.

cyber-espionage operation that gained entry into multiple U.S. and international telecommunications companies, The Wall Street Journal reported on Friday citing people familiar with the matter. Hackers linked to a Chinese intelligence agency were able to breach T-Mobile as part of a monthslong campaign to spy on the cellphone communications of high-value intelligence targets, the Journal added, without saying when the attack took place. «T-Mobile is closely monitoring this industry-wide attack,» a company spokesperson told Reuters in an email.

Among the campaign expenses by Kamala Harris, there were two payments of $500,000 each to Harpo Productions, that was done on October 15, 2024, according to the Federal Election Commission filings. Winfrey is the chairwoman and CEO of that very company, according to the DailyMail UK. Therefore, it became quite clear that Winfrey had appeared on events in presence of Kamala Harris in exchange for money, and not just out of love and endorsement of the Democrat candidate. For Winfrey, it apparently was all business, and Harris also used up her war-chest to mislead the US voters, according to reports. However, these actions by Harris are the ones that landed her in millions of dollars in debt, something that has been take note of by US donors, who generously provided for the Democrat campaign, but it did not suffice due to overspending, and not staying within the campaign budget. This has led to the campaign staffers not receiving due money, which has taken the Harris team on the verge of bankruptcy, say reports.

Donald Trump and Elon Musk were close to each other and both have together worked in tandem in order to win the US Presidential elections 2024. However, this is not just enough as Trump, in a 'rewarding sort of things', announced that Elon Musk would be heading the 'Department of Government Efficiency', an all-new federal wing under the White House that will be looking at cutting down federal government expenses and its way of tacking the multi-trillion dollar expense budget of the country. Meanwhile, amid all this social media users on X are questioning Donald Trump and Elon Musk's partnership, and looking at the times ahead, a massive exodus is ongoing where users and brands like The Guardian and Don Lemon are busy announcing their departures from Musk-led X. alternative text-based social media apps like Bluesky and Instagram’s Threads are also being seen as viable options to shift to at the moment for X users, and account numbers at X is taking a hit looking at these factors. For the record, Bluesky is currently the no. 1 free app on Apple’s App Store, directly ahead of Threads in terms of usage, according to an NBC News report. According to some social media users, using X during and after the election was a major pain, as it kept being an ardent Elon Musk-backer, and it was 'slowly becoming a place where they weren't really getting what they wanted out of it anymore.'

Narendra Modi's historic visit to Nigeria from November 16-17 can open investment opportunities for Indian companies in the mining, infrastructure and defence sectors in the African nation. This would be the first visit by an Indian PM to resource-rich West Africa in 17 years. Modi’s visit will also seek to boost security, counter-terror, defence industry and energy partnership, ET has learnt. The previous visit by an Indian PM to Nigeria was by Manmohan Singh in Oct 2007. During that visit, both countries elevated the status of their bilateral relationship to a “Strategic Partnership’.