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Новости за 12.07.2024

Two men, in flood-ravaged Lakhimpur Kheri, walk home with their sister's body

Economictimes.indiatimes.com 

Two brothers were forced to carry their deceased 17-year-old sister through flooded fields after being unable to find a vehicle due to road closures caused by floods. The girl, suffering from typhoid fever, passed away as they struggled to transport her for medical care.

Credit growth continues to outpace deposit growth in FY'25 as well

Economictimes.indiatimes.com 

Significantly the growth in deposits as well as credit was lower than the year ago period reflecting a slowdown in economic activity due to the uncertainty on the economic outlook because of the Lok Sabha elections. Year-on-year credit and deposit growth in the same period of 2023-24 was higher at 16.3 percent and 12.9 percent respectively.

Imran Khan's party to emerge as largest party in Pak Parliament after SC ruling on reserved seats: Report

Economictimes.indiatimes.com 

Former Prime Minister Imran Khan's Pakistan Tehreek-e-Insaf (PTI) has secured a significant legal victory as the Supreme Court ruled in favor of its eligibility for reserved seats in Pakistan's Parliament. The 13-member bench, led by Chief Justice Qazi Faez Isa, overturned the Election Commission of Pakistan's decision, declaring it unconstitutional. As a result, PTI's seats in the National Assembly are expected to rise from 86 to 109, positioning it as the largest party. This ruling reshapes the political landscape... Читать дальше...

NCLT orders insolvency proceedings against Simbhaoli Sugars

Economictimes.indiatimes.com 

NCLT initiated insolvency proceedings against Simbhaoli Sugars Ltd after a 2018 petition by Oriental Bank of Commerce, now part of PNB. Anurag Goel is interim resolution professional. Default: Rs 130 crore (November 22, 2017). Simbhaoli operates in Uttar Pradesh, sells Trust brand sugar, and its shares fell on BSE. CIRP initiated by Allahabad Bench. Filing occurred on Friday.

IMF says emerging market capital inflows recover to 2018 levels

Economictimes.indiatimes.com 

The IMF's External Sector Report indicated gross capital inflows into emerging markets, excluding China, hit $110 billion or 0.6% of GDP last year, the highest since 2018, amidst high U.S. interest rates. These markets showed resilience. China faced net outflows and negative FDI. Net portfolio inflows dipped; FDI held steady. (David Lawder; Franklin Paul)

NABARD set to introduce Rs 750 crore agri fund for startups, rural enterprises

Economictimes.indiatimes.com 

The fund is being launched by NABVENTURES, a subsidiary of NABARD with an initial corpus of Rs750 crore with Rs 250 crore each from NABARD and the Ministry of Agriculture, and Rs 250 crore from other institutions. This initiative aims to promote investment in innovative, technology-driven, high-risk, and high-impact activities in agriculture and allied areas.



US consumer sentiment ebbs in July; inflation expectations improve

Economictimes.indiatimes.com 

The University of Michigan's survey shows a decrease in consumer sentiment in July, with improved inflation expectations for the future. One-year and five-year inflation outlooks have slightly dropped compared to June. Election uncertainty remains a factor in economic perceptions.

Goods train derails near Patna

Economictimes.indiatimes.com 

A goods train derailed near Patna on Friday afternoon, disrupting rail traffic on the Fatuha-Islampur section. The incident occurred close to Daniyawan station, approximately 40 km from Patna. According to the East Central Railway, six carriages of the goods train went off track. Fortunately, there were no injuries reported.

What will convince Joe Biden to step down? Advisors considering three main arguments

Economictimes.indiatimes.com 

It has been reported that many of Joe Biden’s advisors are considering various arguments to convince the president to stand down as the party’s presidential nominee. This is due to various political developments that have weakened his chances of returning to the White House for a second term.

Copa America 2024 finals: Supercomputer Opta predicts winner of upcoming Argentina vs Colombia clash

Economictimes.indiatimes.com 

Copa America 2024 finals are on the verge this Sunday which promises to be an intense clash between Argentina and Colombia. However, the Messi-led Argentina look extremely good on paper against their opponents, looking at their head-to-head record. Meanwhile, Supercomputer Opta has predicted the winner of this high-intensity game. Get to know more about this prediction.

Railways adds 92 general coaches in 46 trains, plans more

Economictimes.indiatimes.com 

The Indian Railways has responded to recent reports of overcrowding by adding 92 general category coaches to 46 long-distance trains. In a statement, the ministry announced plans to expand this initiative to 22 more trains. The additional coaches aim to alleviate congestion and improve passenger comfort on routes including the Guwahati-Bikaner, Guwahati-Barmer, Guwahati-Lokmanya Tilak, Guwahati-Jammu Tawi, Mumbai-Bengaluru Udayan, and Mumbai-Amravati Superfast Express services among others.

Adani Group to invest Rs 20,000 crore in Vizhinjam port's remaining phases

Economictimes.indiatimes.com 

The Adani Group has announced plans to invest an additional Rs 20,000 crore to complete the remaining phases of the Vizhinjam International Seaport in Kerala. This port, the first transshipment port in India, is being developed by Adani Ports and Special Economic Zone Ltd (APSEZ) under a public-private partnership model at a total cost of approximately Rs 8,867 crore. Managing Director Karan Adani emphasized that the port will significantly reduce logistics costs for Indian manufacturers by 30 to 40 percent.

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Search for dozens missing after landslide sweeps buses into Nepal river is suspended

Economictimes.indiatimes.com 

In Chitwan, Nepal, a landslide swept buses into the Trishuli River, leaving 51 missing. Rescue efforts, including divers, found no traces. Survivors sustained minor injuries. Deputy Bhusal oversaw as monsoon rains triggered floods and lightning. Seven Indians are among missing. PM Dahal initiated rescue missions. Night buses to be banned. Social media showed brown river images.

Amazon must comply with US agency's pregnancy bias probe, judge rules

Economictimes.indiatimes.com 

Judge Lorna Schofield ordered Amazon to comply with an EEOC subpoena on pregnancy discrimination claims. By August 9, Amazon must provide specific data beyond the 200,000 pages already submitted. Amazon, while acknowledging errors, claims support for workers. This investigation, involving complaints from five women, saw federal law changes impacting accommodations. Reporting by Daniel Wiessner, edited by David Holmes.

Delhi High Court orders income tax exemption for Noida

Economictimes.indiatimes.com 

The Delhi High Court has directed the income tax department to grant income tax exemption to the New Okhla Industrial Development Authority (NOIDA) under Section 10(46) of the Income Tax Act, 1961. The court rejected the Central Board of Direct Taxes' decision that denied NOIDA's request for tax exemptions, stating that the revenue department erred in categorizing NOIDA's activities as commercial.

UK plans to release prisoners early to tackle overcrowding

Economictimes.indiatimes.com 

Britain's new government, under the leadership of justice minister Shabana Mahmood, has announced plans to address prison overcrowding by implementing temporary early releases for some prisoners starting in September. This policy will allow certain inmates to be released after serving 40% of their sentence, down from the current 50%. Excluded from this change are offenders serving sentences for serious violent crimes exceeding four years, sex offences, and domestic abuse-related crimes. The initiative... Читать дальше...


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