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The Indian Express citing sources, Congress has resolved to recommend a cautious stance to the party leadership regarding the UCC. It has been decided that the party will formulate its position after thoroughly examining the draft Bill, provided the government introduces such legislation in Parliament.  IE further stated that the intention is to adopt a measured and informed approach before declaring the party's official stance on the matter.

GANDHINAGAR : The US and its allies are building on actions to crack down on efforts by Russia to evade sanctions, US treasury secretary Janet Yellen said on Sunday. "One of our core goals this year is to combat Russia’s efforts to evade our sanctions. Our coalition is building on the actions we have taken in recent months to crack down on these efforts," Yellen said during a press conference at the sidelines of the third G20 Finance and Central Bank Deputies (FCBD) meeting.

Indian startups witnessed a significant fall in business funding in the first half of 2023 (January to June) by raising only $3.8 billion during the six-month period, a massive decline of 36% as compared to the fundraising in H1 of 2022. Last year, Indian startups raised $5.9 billion in the first half.  However, Ankita Poddar, Manager of Valuations and Advisory at Aranca said that startups have various alternative financing options at their disposal which range from traditional methods like bridge or mezzanine financing to modern approaches such as crowdfunding and peer-to-peer lending.  She stated that companies can also explore options like factoring or purchase order/supply chain financing to process customer orders and generate immediate cash inflow to support expansion efforts.

blood sugar levels used to be something only people with diabetes did. But in recent years, glucose has become one of the trendiest biometrics to track for people striving to optimize their health. That's in large part because of the increasing accessibility of a tool called a continuous glucose monitor, or CGM.CGMs monitor levels of glucose — the body's main source of energy — in real time.

inflation rate slipped to a more than two-year low, spelling relief for American consumers and moving the Federal Reserve a step closer toward ending an historic cycle of interest-rate hikes. China’s economy continues to struggle, with recent trade figures showing the largest drop in exports since early 2020. Industrial output in Europe remains weak, while strong wage growth in the UK threatens to add to inflationary pressures. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

North Korea's evolving nuclear and missile threats, the South's navy said. This came after the North launched an intercontinental ballistic missile (ICBM).  North Korea fired its latest Hwasong-18 missile, which Pyongyang describes as the core of its nuclear strike force, off the east coast on Wednesday in what it said was a ‘strong practical warning’ to the adversaries, according to Reuters reports.  The navy stated that Sunday's trilateral drill was conducted in international waters between South Korea and Japan that brought together destroyers equipped with Aegis radar systems from the three countries.  Washington and its Asian allies have been working to improve their information-sharing system on North Korea's missiles, while South Korea and Japan are independently linked to US radar systems but not to each other's.

economic downturn or recession. Rieder has stressed on the stability of a consumer-oriented and service-oriented economy, stating that a massive shock would be necessary to disrupt the current economic climate. He further stated that a recession is an overstated phenomenon in today's context.

Manchester City are eyeing Bayern Munich’s Benjamin Pavard to replace Kyle Walker. Earlier Pavard has been a target of Manchester United. Kyle has been on the bench since the end of the last season after Pep Guardiola switched to a 3-2-4-1 formation. Though Kyle has been an important asset for the club since he signed in 2017 and has won five Premier League titles and the Champions Trophy, he is 33 years old, and he is left with only one year with him. Guardiola wants to sell him, and Bayern Munich have shown interest in him. Pavard quit Stuttgart to sign Bayern in 2019. He has made 162 appearances and has won four consecutive Bundesliga titles and the Champions League 2020. He is left with only one year of contract and can play as a right-back or centre-back and it suits Guardiola’s formation. Manchester United and Barcelona have shown interest in him. Manchester City have also signed Mateo Kovacic from Chelsea and they want to take centre-back Josko Gvardiol from RB Leipzig. Pavard made his football debut with Lillee in League 1 and then moved to VfB Stuttgart in 2016. He won two Bundesliga trophies in the first season and moved to Bayern Munich in 2019. He won six trophies in 2020-Bundesliga, Champions League, DFL Supercup, DFB-Pokal, UEFA Supercup, and FIFA Club World Cup. He made his international debut in 2017 and won FIFA World Cup2018, and UEFA Nations Leaguer in 2020-21.

Lithium is the new gold. This soft, silvery white metal is essential for a range of products — from batteries of electric vehicles, mobile phones and laptops to hydrogen fuel storage, air conditioning systems and pharmaceuticals. Even though a vast array of industries hinges on this single metal, India does not produce even a kilogram of it.

Supreme Court's decision in June, which prevented Biden from implementing a more extensive plan to forgive $441 billion in loans. The program introduced by the Department of Education specifically targets borrowers who are enrolled in income-driven repayment (IDR) plans for their federal student loans. Under an IDR plan, borrowers are required to make consistent payments for a period of either 20 or 25 years. Once this payment period is completed, the government forgives any remaining balance. The Education Department aims to address the issue of inaccurate accounting that caused many borrowers to lose progress towards loan forgiveness. It also alleges that some loans were mistakenly placed in forbearance by loan servicers. As part of the new program, past payments made by IDR borrowers will be acknowledged and credited towards their progress towards loan forgiveness, which should have been achieved by now.

Mumbai police on Saturday issued a preventive order banning the flying of drones, remote controlled micro light aircraft, paragliders, para motors, hand gliders and hot air balloons over the metropolis for a period of 30 days, an official said. The prohibitory order, which he said was a «regular» one, was in view of the possibility of misuse of such objects to target VVIPS, endanger life of public at large, destroy public property and cause law and order disturbance. The order also bans unlawful assemblies of five or more persons due to information gathered from various sources about the likelihood of breach of peace and disturbance to public tranquility from such gatherings, the official added. The prohibitory order covers processions, use of loudspeakers and other sound amplifying systems, musical bands and bursting of firecrackers, he said. However, marriage and funeral functions, statutory meeting of companies, clubs, and assemblies in and around cinemas, halls, schools etc are exempt, the official pointed out.

Nifty IT index delivered a bullish breakout and pushed above a critical moving average, signalling positive trend, says Rupak De, Senior Technical analyst at LKP Securities. The bullish crossover on the momentum indicator RSI further confirms the upward momentum. “Based on these factors, it is recommended to maintain investments in tech stocks for the short term, as they are expected to continue their upward movement in the coming days,” he says.

The government is considering a comprehensive scheme to promote coal gasification projects for both government public sector undertakings (PSUs) and the private sector with an outlay of Rs 6000 crore. The Ministry of Coal has set a target to achieve coal gasification of 100 Million Tonne (MT) coal by FY 2030 reflecting the government’s commitment to harnessing the power of coal gasification. “The proposal incorporates a comprehensive set of measures that capitalize on natural resources and demonstrate financial and technical feasibility of coal gasification. This initiative is set to meet the future energy needs of the country while stimulating other sectors,” said the Ministry of Coal in a release. 

Rahul Gandhi. On Saturday Gandhi took to the microblogging site saying "Manipur burns. EU Parliament discusses India’s internal matter.

Back in early 2020, some of us figured that shutting down the economy in a panicked response to Covid probably wasn’t a wise move. Reporting on the latest in a very long series of negative consequences from politicians’ reckless attempt to close society and then simulate prosperity with government spending, Jeanette Settembre reports for the New York Post: Tens of thousands of fraudsters splurged on Lamborghinis, vacation homes, private jet flights and Cartier jewelry by fleecing the PPP loan system... — and did it because the COVID loan scheme was so easy to milk .

European Bank for Reconstruction and Development (EBRD), of which India is a shareholder, will arrive in India on Sunday for a G20 finance summit with the reform agenda for multilateral development banks (MDBs) high on the list of priorities. Odile Renaud-Basso, the first woman head of an MDB as EBRD president, will begin her four-day visit in Gandhinagar for the Finance Ministers and Central Bank Governors gathering.

In a surprising turn of events, the cryptocurrency market witnessed a sudden sell-off, causing Bitcoin price to plummet by more than 3% from its previous level of $31,750 to $30,290. 

Amrit Kaal vision sets a roadmap for the country's growth and development. At the heart of this vision is the need to build a prosperous and inclusive economy focusing on infrastructure, innovation, and sustainability. While various sectors will play a role in achieving these goals, the express logistics industry is well-positioned to catalyse India's development in the years ahead.

Bank of China (PBOC) hinted at more policy support for the economy, while also urging patience for the recovery to take hold. Top central bank officials said they have enough room to ease monetary policy if needed and hinted at possible adjustments to the reserve requirement ratio for banks and further targeted easing of property controls.

Buy or sell stocks: Following strong global market sentiments, Indian stock market finished on a higher note on Friday. NSE Nifty gained 150 points and closed at 19,564 while BSE Sensex shot up 502 points and ended at 66,060 levels. Bank Nifty index added 154 points and finished at 44,819 mark.

Federal Reserve Bank of Chicago President Austan Goolsbee said recent consumer-price data showing inflation easing was «promising,» though inflation is still higher than policymakers' 2% goal. «It's at least promising that this week we got inflation numbers that show inflation is coming down at a pretty rapid clip,» Goolsbee said Friday in an interview with Fox News.