Новости за 02.08.2024

A World Bank report highlighted that over 100 countries, including India, will face significant challenges in achieving high-income status in the coming decades. The projections suggested that India may take up to 75 years to reach one-quarter of US income per capita. The report emphasised the need for middle-income countries to adopt more sophisticated policies to avoid getting stuck in the "middle income trap" and outlines strategies for achieving high-income status.

India's men's hockey team clinched a remarkable 3-2 win against Australia in their final Pool B match, with skipper Harmanpreet Singh scoring twice. The team's aggressive and resilient play dominated the game, despite Australia's attempts. India's early lead, with a goal from Abhishek and two from Harmanpreet, secured them a hard-fought victory. This win almost assures India the second spot in the pool standings, marking their first Olympic triumph over Australia since 1972. The Indian defense, particularly the efforts of PR Sreejesh... Читать дальше...

According to founder Sachin Bansal, credit on UPI can help banks offer their services to 30 crore Indian consumers and businesses. This could prove to be a “game-changer” for MSMEs, which contribute 30% to the GDP but often face a credit supply shortfall.

Finance Minister Nirmala Sitharaman would be accompanied by Minister of State for Finance Pankaj Chaudhary and Finance Secretary and Secretary, Department of Expenditure TV Somanathan.

In an effort to reassure her followers following a recent injury, Sharon Stone posted updates on Instagram. She thanked everyone for their concerns and shared photos from her holiday in Turkey, along with a family time with her son before he leaves for pre-med school.

The National Company Law Tribunal (NCLT) approved a record 269 resolution plans under the insolvency law in 2023-24. This marks a 42 percent increase from the previous year, according to a report by Crisil Ratings. This surge was largely due to a greater investor interest in the turnaround of stressed assets and the appointment of new NCLT members.

The Telangana government faces the challenge of repaying over Rs 2.67 lakh crore in loans borrowed from the market by FY33, as its Gross State Domestic Product grew at an average rate of 15.09 per cent from 2018-19 to 2022-23. The Comptroller and Auditor General's report highlighted the state's liabilities, including the obligation to repay Rs 19,210 crore to financial institutions. The state's debt servicing could strain its finances, with a Debt to GSDP ratio exceeding targets set by the TSFRBM Act and the XV Finance Commission.

The government assured to consider increasing the minimum monthly pension to Rs 7,500 for 78 lakh pensioners after their recent protests. Union Minister Mansukh Mandaviya met with the EPS-95 National Agitation Committee to discuss these demands, highlighting the financial difficulties faced by pensioners who receive as little as Rs 1,000 monthly.

Fed Chair Jerome Powell has hinted at cutting the bank rates in September, but it failed to satisfy the stock exchange sentiments, further indicating recession in the US economy.

Ace boxer Cindy Ngamba, who is a Cameroonian boxer, is facing constant fears of being killed or jailed in the case she ever returned to her home nation. She is currently participating in the Paris Olympics 2024 on behalf of the Refugee Olympic Team. Here are some details around the boxer and her relations with her home country.

The Bill proposes varying tax rates for different minerals on a per-metric-tonne basis: Rs 100 for coal and iron ore, Rs 70 for bauxite, and Rs 50 for manganese ore and other minerals. AJSU legislator Lambodar Mahto and CPI (ML) legislator Vinod Kumar Singh suggested sending the Bill to a Select Committee due to technical concerns.

Assam CM Himanta Biswa Sarma insisted that stopping infiltration is a shared responsibility. He cited significant increases in infiltrator populations in Assam and Jharkhand, urging state action. Sarma also challenged Rahul Gandhi's idea of a caste survey that excludes revealing one's own caste details.

The article explored the impact of pollution and other factors on health, and how health insurance with a no-claim bonus can help. The no-claim bonus increases coverage or reduces premiums for claim-free years. It detailed cumulative bonuses, premium discounts, and conditions for retaining bonuses even after filing claims while emphasizing considerations when choosing an insurance provider.

Nifty on Friday ended 293 points lower to form a reasonable negative candle on the daily chart, indicating a short-term top reversal pattern for the index at the new high of 25,078 level.

U.S. job growth slowed in July, with nonfarm payrolls increasing by 114,000 jobs, below expectations. The unemployment rate rose to 4.3%. Hurricane Beryl impacted the figures. The labor market slowdown is due to reduced hiring, not layoffs, influenced by Fed interest rate hikes. Wage growth, at 3.6% over 12 months, remains above inflation targets. The employment report supports expectations of a September rate cut by the Federal Reserve.

The Trade and Economic Partnership Agreement between India and EFTA, signed in March, awaits ratification in Iceland, Liechtenstein, Norway, and Switzerland. The deal promises investment benefits and reduced duties on select products. India's trade with EFTA hit USD 24 billion in 2023-24, with a trade gap favoring EFTA.

Facing high temperatures and inadequate cooling at the Paris Olympic Games Village, Indian athletes received 40 portable air conditioners from the Ministry of Sports. This decision followed talks with the Indian Olympic Association and the French Embassy. The move aimed to ensure athletes’ comfort and improve their rest and performance amid Paris's heat wave.

Four UPSC coaching institutes have offered compensation to families of deceased IAS aspirants following tragic incidents. The institutes also announced free classes for affected students, addressing concerns raised by protestors. The deaths have led to a crackdown on basement usage in coaching centers. While some see the offers as a distraction, others view them as a helpful gesture during a difficult time.

Britannia on Friday reported a 10.5% YoY rise in its June quarter consolidated profit to Rs 506 crore while revenue rose 4% YoY to Rs 4,130 crore.

As new-age companies FirstCry and EV maker Ola Electric are set to hit the bourses, investors who took the bets on these companies at the right time, are looking at multi-bagger returns. Those poised to cash in include SoftBank, Tiger Global, Mahindra & Mahindra and Matrix Partners India.

The Spices Board in New Delhi enforced pre-shipment checks for spices exported to Singapore and Hong Kong after recalls due to ethylene oxide contamination. The Singapore Food Agency implemented a hold-and-test procedure for Indian spices. Minister Jitin Prasada ensured compliance with food safety rules and confirmed no ban on Indian spices by these nations.

Starting in 2025, access to the city's waterways will be restricted to emission-free vessels and vehicles, a standard too high for amphibious cars due to the weight of electric batteries.