BUSINESS
Prime Minister releases 12th instalment of Rs 16,000 crore under Kisan Samman Nidhi
Narendra Modi also inaugurated 600 Kisan Samridhi Kendras and One Nation One Fertiliser Scheme during the Kisan Sammelan which opened in the national capital. Modi said on the occasion that more than Rs 2 lakh crore has been transferred to farmers' accounts and it has helped them in managing the input cost.
11K flats will be ready for possession for Amrapali homebuyers by Dec, 2K flats by Diwali
According to a source in the NBCC, 1,000 flats are ready for possession in Amrapali Leisure Park; 500-600 flats are ready for possession in Amrapali Golf Homes; and 200-300 flats are ready for possession in Centurian Park Terrace Homes.
India Incorporate hails Government's policy initiatives after meeting with Finance Ministry in Washington
After meeting Finance Minister Nirmala Sitharaman in Washington on Saturday, representatives of several Indian companies said that many countries aim to learn from initiatives like UPI and RuPay. C.T. Lakshmanan, President of Tech Mahindra Americas, said that the discussions with Sitharaman were 'amazing'.
PM says dedicated banking units to strengthen financial inclusion
"DBU is a big step in the direction of Ease of Living for the common citizens", he said. The Prime Minister informed that in such a banking setup, the government aims to provide maximum services with minimum infrastructure, and all of this will happen digitally without involving any paperwork.
Markets seem uncertain with festive period a week ahead
With sharp gains registered on Wednesday and Friday, markets just about managed to survive and at the end of the week closed with small losses. SESENSEX lost 271.32 points or 0.47 per cent to close at 57,919.97 points while NIFTY lost 128.95 points or 0.74 per cent to close at 17,185.70 points. The broader indices saw BSE100, BSE200 and BSE500 lose 1.05 per cent, 1.33 per cent and 1.45 per cent respectively. BSEMIDCAP was down 2.66 per cent while BSESMALLCAP lost 2.26 per cent.
Musk says he will keep funding Ukraine Starlink Internet
On the microblogging site Twitter, Musk wrote that "the hell with it... Even though Starlink is still losing money and other companies are getting billions of taxpayer $, we'll just keep funding Ukraine govt for free". According to the BBC, Starlink has been vital for Ukraine's military and people to stay online. Ukraine says it helped to reboot key infrastructure after Russian attacks.
See Rupee slide as a case of Dollar strengthening, says Finance Minister
Addressing a press conference in Washington on Friday, Sitharaman said that rupee has withstood dollar's rise and has performed better than those of many emerging market currencies. "I won't see this as rupee sliding but as dollar strengthening. It is a matter of fact that the rupee has withstood the rise of dollar. But it has performed better than many other emerging market currencies," she said.
Inflation 'manageable' at 7.4%, love to see it down to 4%, says Sitharaman
Addressing a news conference on Friday at the end of her visit for the annual meetings of the World Bank group, which were accompanied by 24 bilateral meetings, the finance minister also gave a broad overview of India's priorities for its upcoming year-long rotational presidency of the G-20 group of countries -- essentially, focusing on bilateral development banks, climate finance and cryptocurrency.
RBI's digital currency platform data may help enforce black money laws
Finance Minister Nirmala Sitharaman had announced in her budget speech in February that the RBI would come up with a CBDC during the current fiscal. "After factoring in the concerns related to anonymity, appropriate analytics of Big Data generated from CBDC can assist in evidence-based policy making. It may also become a rich data source for service providers for financial product insights," the note said.
US offer to help India in chip manufacturing just lip service: China
Akhter led a semiconductors trade mission to India and met top government officials in the Capital. According to Global Times, the announcement is designed to "lure India into a geopolitical game to exclude China from the global chip industrial chain, rather than a commitment with real investment plans to support India's chip manufacturing."
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