CATEGORIES

India's services sector sees decline in growth

After a robust and steady expansion in the post-Covid scenario, India's service economy in October witnessed a deceleration in growth and pick-up in price pressure as the seasonally adjusted S&P Global India Services PMI Business Activity Index fell from 61.0 in September to 58.4 in October, signalling the slowest rate of expansion since March.

DEMAND FOR PREMIUM GOODS MAY LIFT CONSUMER DURABLES INDUSTRY REVENUE BY 8-10%

The consumer durables sector is set for 8-10 per cent revenue growth in FY24, supported by premiumisation and steady growth in urban demand.

INDIA OFFERS TO WORK WITH LANKA ON DEBT RESTRUCTURING, ECONOMIC RECOVERY

India will work closely with Sri Lanka on discussions regarding debt restructuring as well as on the path of its economic recovery, with greater collaboration in promotion of digital education, digital payments, digital identity and cooperation in dairy development opening up vistas of greater engagement.

Home Minister Amit Shah to address election rallies in Gwalior, Shivpuri and Sheopur

Union Home Minister Amit Shah is gearing up for a significant political outing as he prepares to visit Gwalior, Shivpuri and Sheopur today, where he will address four election rallies in support of BJP candidates. During his visit to these regions, Amit Shah is also set to participate in two roadshows, highlighting the political significance of the visit.

SC HEARING ON TAMIL NADU'S PLEA AGAINST RSS FLAG MARCHES ON NOV 6

The Supreme Court on Friday scheduled a hearing on the Tamil Nadu government's plea challenging the Madras High Court's order permitting the Rashtriya Swayamsewak Sangh (RSS) to conduct flag marches in the state. A bench of Justices Surya Kant and Dipankar Datta will hear the case on November 6.

SC TO HEAR TN GOVT PLEA CHALLENGING RSS FLAG MARCHES ON NOV 6

The Supreme Court on Friday scheduled a hearing on the Tamil Nadu government's plea challenging the Madras High Court's order permitting the Rashtriya Swayamsewak Sangh (RSS) to conduct flag marches in the state. A bench of Justices Surya Kant and Dipankar Datta will hear the case on November 6.

SC Unlikely Reservation to Strike Down Women's Law Activation Clause

The Supreme Court on Friday said it would be \"very difficult\" for it to strike down a portion of the women's reservation law stipulating its activation following the Census.

BOMBAY HC REFUSES RTI REQUEST ON HERITAGE BUILDING AUDITS

The public information officer of the Bombay High Court has declined to provide information under the Right to Information (RTI) Act regarding the structural audits of the court's heritage building in south Mumbai. The officer claimed that disclosing such details could jeopardize the lives of judges and other officials.

Karnataka High Court Upholds Order Reinstating Absent KPTCL Employee

The Karnataka High Court on Friday has upheld the order of a single judge reinstating a Karnataka Power Transmission Corporation Limited employee who was dismissed from the service for being absent for a total of 632 days owing to depression.

NGT Calls for Examination of Psychological Impact of Air Pollution in Delhi

The National Green Tribunal (NGT) has emphasized the need to examine the \"psychological aspect\" of the deteriorating air quality in the national capital and has requested responses from government authorities, including the Union Ministry of Environment, Forest and Climate Change, and the director of AIIMS.

US House approves $14.3B aid for Israel, excludes Ukraine

The US House on Thursday passed a bill to provide USD 14.3 billion in aid to Israel amid the ongoing war with Hamas; however, it is expected to set up a clash with the Democratic Senate, as per the media report.

PAK AND IMF BEGIN TALKS ON $710 MILLION LOAN TRANCHE

Caretaker Finance Minister Shamshad Akhtar and the International Monetary Fund’s IMF) mission chief for Pakistan, Nathan Porter, lead their sides to the opening round of two-week-long negotiations

Changing Digital Landscape: Financial Institutions Embrace Embedded Finance to Thrive

In the rapidly evolving digital age, consumer experiences have undergone a dramatic transformation with the rise of the platform economy. The impact of this new paradigm has far-reaching consequences for financial institutions, compelling them to adapt to the changing landscape or face the risk of obsolescence. Today, consumers and companies are increasingly seeking the convenience of having banking services come to them, shifting away from traditional visits to physical bank branches.

Raymond to acquire 59.25% stake in maini precision for Rs 682 cr

The Raymond Group stated on Friday that it has acquired 59.25% of Maini Precision Products Limited (MPPL) for a total of Rs 682 crore.

INDIA EXTRAORDINARY GROWTH MARKET, SAYS APPLE'S TIM COOK

Tim Cook, the CEO of Apple, is pictured on the left with Deirdre O’Brien, senior vice president for retail and people, at the opening of the first Apple store in India, in Mumbai

Gopal Rai urges public transport to curb Delhi pollution

Environment Minister Gopal Rai has urged people to use buses and metro as well as public transportation to reduce vehicle-related air pollution in Delhi, which is now experiencing extremely high levels. Gopal Rai said, \"I appeal to the people of Delhi to use public transport including metro and buses to control pollution due to vehicles. The decision on the further closure of schools in Delhi will be taken on the basis of air quality on 6th November.\"

Election Commission & NCERT promote electoral literacy: MoU

The Election Commission and the Ministry of Education on Thursday inked a Memorandum of Understanding to introduce electoral literacy into classrooms all throughout the nation in an effort to combat youth voter apathy. The Memorandum of Understanding states that the National Council of Educational Research and Training (NCERT) will incorporate electoral literacy into textbooks both in their introduction and updates, and that NCERT will also urge State Education Boards and other Boards to do the same. The MoU is intended to integrate voter education and electoral literacy into the curricular framework, starting from classes 6 to 12 in all schools.

GOYAL CALLS FOR MAKING HIGH QUALITY GOODS FOR ALL CONSUMERS

With Indian consumers are now demanding high quality goods and services, Commerce Minister Piyush Goyal has sought harmonization of standards with international bodies, to help India adopt standards that are globally accepted, and underlined the need for industry to move out of the mindset of 'two standards of everything'. \"Our effort is that every product that is made in India will be a high quality product,\" Goyal said at a 'G20 Standards Dialogue' at Bharat Mandapam on Friday.

Air India to add 400+ weekly flights over next 6 mths

Air India plans to add over 400 weekly flights on its domestic and international routes till March 2024 as part of the winter schedule 2023, the Tata group-owned airline said on 3 November.

RBI still chasing 4 per cent inflation target

In November 2022, the Reserve Bank of India (RBI) found itself outside its mandated price stability zone for the first three quarters of that year. According to the RBI's mandate, it is considered to have failed in its price stability role if inflation remains outside the tolerance range of 2-6 percent for three consecutive quarters. This failure was confirmed by a September 2022 inflation rate of 7.41 percent, marking three quarters of inflation exceeding the upper limit of the RBI's target range.

Geopolitical conflicts could derail economic progress

According to a recent report by global information provider Dun & Bradstreet (D&B), geopolitical conflicts are posing a significant risk to global economic activity, potentially threatening the growth momentum observed in industrial sectors. The report highlights concerns about persistent price pressures, particularly as a result of geopolitical conflicts that have the potential to keep crude oil prices at elevated levels.

Govt launches amnesty scheme for appeal filing

The Finance Ministry of India has introduced an amnesty scheme to facilitate the filing of appeals against Goods and Services Tax (GST) demand orders. This initiative aims to provide relief to taxpayers who were unable to submit their appeals against orders issued by tax officers on or before March 31, 2023. The scheme, open until January 31, 2024, is designed to ease the burden on taxpayers and encourage better compliance.

MODI FOCUSES ON REDUCING POST-HARVEST LOSSES IN FOOD SECTOR

PM disburses seed capital aid to over 1 lakh SHG mbs

Punjab VB registers case against police officer for extortions

The Punjab Vigilance Bureau (VB) has registered a case against an assistant Inspector General (AIG) of the Human Rights Cell of the Punjab Police along with two others for alleged extortion and taking bribes from government employees, said officials.

SUPREME COURT HOLDS VERDICT ON ELECTORAL BONDS CHALLENGE

The Supreme Court on Thursday reserved its verdict on a series of petitions challenging the electoral bonds scheme’s validity for funding political parties.

President of India Appointed Justice H.S Thangkhiew As Acting Chief Justice Of Meghalaya High Court

The President of India has appointed Justice H.S Thangkhiew, the seniormost Judge of the Meghalaya High Court as its Acting Chief Justice with effect from November 2, 2023 as the current Chief Justice Sanjib Banerjee retired today.

SUPREME COURT: MATTER LISTED FOR FINAL HEARING ON 10TH JANUARY| STRAY DOG ISSUE

The Supreme Court in the case Animal Welfare Board of India V. People For Elimination of Stray Troubles was hearing the matter which relates to the curbing of stray dog attacks in the country.

DELHI HIGH COURT EXCLUDED COMPARABLES ON THE BASIS OF FUNCTIONAL DISSIMILARITY TRANSFER PRICING

The Delhi High Court in the case PCIT Versus Qualcomm  India Pvt Ltd observed and has excluded the comparables on the basis of functional dissimilarity in the transfer pricing case.

India, 27 other nations, and EU to mitigate AI risks

India, along with 27 other countries and the European Union, signed a declaration at a meeting in the United Kingdom pledging to work together to assess the risks associated with artificial intelligence.

CANADA COMMITS TO 500,000 ANNUAL IMMIGRANTS IN 2026

According to Canadian Immigration Minister Marc Miller, the objective is to bolster the labor force while simultaneously alleviating strains on housing and healthcare systems