CATEGORIES

Solar projects to attract over $380 billion in investment

Global investments in Isolar energy projects are poised to surge, with expectations of attracting more than $380 billion this year, according to Dr. Ajay Mathur, Director General of the International Solar Alliance (ISA). Speaking during the Singapore International Energy Week, Dr. Mathur noted that the investment flow in this sector has been on a steady rise. Last year witnessed approximately $310 billion in investments, and during the first half of this year, over $235 billion has already been committed to solar projects. The ISA envisions this figure to exceed $380 billion by the end of the year.

Indians lead the pack in seeking citizenship

India has maintained its position as the leading country of origin for new immigrants to the Organisation for Economic Co-operation and Development (OECD) nations in 2021, according to the OECD's \"International Migration Outlook: 2023\" report, released on Monday. The report reveals that a total of 407,000 Indians relocated to OECD nations in 2021, marking a significant 86% increase from the 220,000 Indians who made the move in 2020.

India likely to cut floor price for basmati rice exports to $950 MT

In response to concerns raised by farmers and exporters, the Indian government is considering a reduction in the floor price set for basmati rice exports. This move is expected to alleviate the challenges faced by those involved in the trade. Government and industry sources revealed that the minimum export price (MEP) for basmati rice may be lowered from $1,200 per metric tonne to $950 per metric tonne. The sources, who preferred to remain anonymous, noted that the decision has not yet been officially announced.

BITCOIN HITS HIGHEST PRICE ON ETF HOPES

Upon approval, a Bitcoin ETF is anticipated to streamline the buying and selling of Bitcoin, providing accessibility through conventional stock market channels.

INDIAN CRICKET GREAT BISHAN SINGH BEDI DIES AT 77

Former India cricket team captain Bishan Singh Bedi died at the age of 77 after a prolonged illness

Regional leaders gain influence in candidate selection

The upcoming state assembly elections in Madhya Pradesh, Chhattisgarh, and Rajasthan have sparked considerable interest in India’s political arena. Both major political parties have unveiled their lists of candidates, marking a noteworthy change in the nation’s political landscape.

DELHI HC EMPHASIZES THE VITAL ROLE OF OMBUDSMAN SCHEME

Expressing dismay at the “high-handed approach” of the RBI ombudsman in a complaint against a bank, the Delhi High Court has emphasized that the Ombudsman Scheme plays a pivotal role in providing an avenue for consumers seeking justice against regulated entities, like banks or NBFCs.

IKEA Charges For Bag With Its Logo On It, Consumer Court Orders Compensation To Consumer

A Consumer Commission in Bengaluru has recently ordered Swedish furniture retailer IKEA to refund a consumer, and also pay Rs 3,000 as compensation for charging her for a paper bag to carry the goods she purchased.

Delhi HC Seeks Fresh Status Report On Removal Of Cattle From City's Roads

The Delhi High Court has recently called for a fresh status report from the Delhi Government over the gathering of cows and buffaloes on the road of the national capital and steps taken in this regard.

West Bengal Passport Scam: CBI Arrests 4 Officials

The CBI has recently arrested 4 officials of the Regional Passport Office in Kolkata in connection with a racket in which passports were issued to Nepalese citizens based on forged documents.

Cipher Case: Islamabad Court Indicted Imran Khan and SM Qureshi

A special court in Islamabad, Pakistan, indicted former Prime Minister Imran Khan and ex-Foreign Minister Shah Mahmood Qureshi on Monday.

PIA CANCELS FLIGHTS OVER NON-PAYMENT OF DUES TO FUEL SUPPLIER

The airline cancelled 26 flights from various cities in Pakistan. PIA has paid PKR220 million to PSO for fuel supply

GENUS POWER INFRASTRUCTURES ARM SECURES RS 3,121.42 CR ORDER

The fully owned subsidiary of Genus Power Infrastructures Ltd. secured orders totaling Rs. 3115 crore for the provision of 34.8 lakh smart meters

Anushka & Virat launch venture 'Nisarga' for event promotion

Celebrity couple Anushka Sharma and Virat Kohli disclosed on Monday that they plan to market experiences and events through their new business, Nisarga.

India's ascent in cruise tourism predicted by Sonowal

Union Minister Sarbananda Sonowal stated that the Global Maritime India Summit, which the nation hosted last week for the third time in the previous seven years, will expand the industry’s growth, which has been expanding since 2014.

Amit Shah to inaugurate nano DAP plant in Gujarat on Vijaya Dashami

Union Home Minister Amit Shah will open India’s first liquid nano diammonia phosphate (DAP) facility of Indian Farmers Fertiliser Cooperative Limited (IFFCO) on October 24 in the Gandhinagar Lok Sabha constituency along the Ahmedabad-Kalol route, ahead of the 2024 elections.

NCEL SECURES RS 7,000 CR ORDERS, PROMISES PROFIT SHARE WITH FARMERS: AMIT SHAH

The Cooperation Minister, Amit Shah, there have been orders worth Rs 7,000 crore thus far. The benefit will be divided among the member farmers

Global billionaire tax could yield $250 billion

Governments should open a new front in the international clampdown on tax evasion with a global minimum tax on billionaires, which could raise $250 billion annually, the EU Tax Observatory said on Monday.

Net FDI down to $3 bn in April-August: RBI data

Net foreign direct investment (FDI) in India, representing the difference between inflows and outflows, has witnessed a significant decline during the period of April to August this year, falling from $18.03 billion in the same timeframe last year to $2.99 billion. This decline can be attributed to several factors, including a moderation in global economic activities and a notable increase in repatriation of investments.

Riyadh: Goyal to meet ministers, businesses to discuss trade, invest

As per an official statement on Monday, Commerce and Industry Minister Piyush Goyal will meet senior leaders and businesses in Riyadh, Saudi Arabia, during his two-day visit commencing on October 24.

Centre plans Rs 30k cr expansion of PM Fasal Bima Yojna

The government is contemplating earmarking a sum of Rs 30,000 crore for the expansion of the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal, as reported by media.

INDIA WILL REMAIN FASTEST-GROWING MAJOR ECONOMY IN FY'24

September edition of Monthly Economic Review also flagged that global uncertainties have been compounded by recent developments in the Persian Gulf

Sikkim flood: Work on war footing to restore road connectivity

The Indian Army and the Border Roads Organisation (BRO) with the assistance of the civil administration are working on a war footing to restore road connectivity between Mangan and Chungthang in north Sikkim, which suffered extensive damage in recent flash floods, a Defence official said on Sunday.

11-YRS-OLD BOY SUSTAINS EYE INJURY FROM FIRECRACKER; POLICE FILES FIR

The Delhi Police on Saturday stated that an 11-year-old boy sustained an injury to his right eye allegedly after a miscreant burst a firecracker on the road in the National Capital's Shastri Park.

DELHI HIGH COURT DIRECTED CENTRE TO RELEASE RS 50 LAKHS UNDER PM INSURANCE PACKAGE TO KIN OF HOSPITAL SECURITY GUARD WHO DIED ON COVID-19 DUTY

The Delhi High Court in the case Sangeeta Wahi v. Union Of InT dia observed and has directed the Union Government, Director General of Health Services and Medical Superintendent of Safdarjung Hospital to release Rs.50 lakhs in favour of widow of a security guard who died on duty during COVID-19 pandemic while she being deployed in the government hospital.

A canvas of empowerment: Bengal and its pandals during Durga Puja

Bengalis have a special place in their hearts and homes for Goddess Durga, a representation of \"Nari Shakti\", the feminine strength and power. Durga is an essential component of every Bengali home in the state of West Bengal; she is not only a goddess to be worshipped in temples. Durga, also known as \"Maa Durga,\" is revered as a motherly figure, and people look forward to her advent each year during the Durga Puja season.

EU allocates funds to bolster UN WFP's efforts in Afghanistan

The European Union (EU) has pledged an additional €9.9 million to reinforce the United Nations World Food Programme’s (WFP) endeavors, with a specific focus on supporting primary school students in Afghanistan, according to a report by Khaama Press.

POVERTY SURGES ACROSS PAK WITH FOOD, ENERGY PRICES SPIKE: WORLD BANK REPORT

The report indicates that poverty has risen due to declining wages, reduced job quality, and the impact of high inflation on the purchasing power of people living in poverty, according to the media

RBI APPROVES ASHOK VASWANI AS KOTAK MAHINDRA BANK CEO & MD

The appointment of Ashok Vaswani as Kotak Mahindra Bank’s managing director and CEO has been authorized by the Reserve Bank of India

ICICI Bank Q2 profit up 36% on lower provisions & core income

ICICI Bank announced on Saturday that its consolidated net profit for the September quarter increased by 36.08 percent to Rs 10,896.13 crore, primarily due to a significant decrease in provisions and growth in core revenue.