THRUST
Finmin ask private banks to give more thrust on serving the marginalised sections of society
Financial Services Secretary Vivek Joshi chaired a review meeting with private sector banks to assess the progress of financial inclusion schemes, urging them to focus on marginalized communities. Key schemes reviewed included PM SVANidhi, PM Vishwakarma, PMJDY, PMJJBY, PMSBY, APY, PMMY, and Stand Up India. Joshi emphasized expanding social security and deepening financial inclusion. He also discussed the importance of the Jan Samarth portal and urged banks to increase participation in these schemes and organize financial literacy camps to raise awareness.
Stay patient; don't dabble in risk right away: Maneesh Dangi
It is still likely that Modi would return, but the best case scenario for the market would be a Vajpayee like Modi versus one which continues to have animosity with state because that setup would be very-very bad for market.
Should you add or buy defence stocks afresh? What to do with bank stocks? Deven Choksey answers
Deven Choksey discusses the potential tariff hike in the telecom sector and the strategies of Jio and Vodafone Idea. He emphasizes the importance of data consumption and the need for investments in infrastructure for companies to stay competitive in the market. Choksey also says: "The likes of Bajaj Finance, Kotak are looking like some of the smartest of the lot within the investment portfolio."
Dozens killed and wounded as Israeli forces thrust deeper in Gaza's Jabalia and Rafah
Israeli troops and tanks advanced into the northern Gaza Strip, killing and wounding dozens of Palestinians, according to medics and residents. In Rafah, near the Egyptian border, Israel continued its ground offensive against Hamas, displacing many and causing widespread casualties. Israel's military targeted terrorist infrastructure, while Palestinian fighters retaliated with rockets and explosives. The ongoing conflict has resulted in significant losses on both sides, with over 35,000 Palestinians and 281 Israeli soldiers reported dead. Rafah, sheltering over a million displaced Gazans, remains heavily bombarded amidst the prolonged conflict.
ISRO developing semi-cryogenic engine working on liquid oxygen kerosene
ISRO develops a 2,000 kN semi-cryogenic engine using LOX Kerosene propellant at IPRC, Mahendragiri. LPSC leads with ISRO support, achieving pre-burner ignition test at SIET and PRLD. Triethyle Alumnide is used for ignition.
"Our import dependencies need to be near zero": Army Chief General Manoj Pande lays thrust on self-reliance in military production
Army Chief General Manoj Pande emphasized the importance of self-reliance in military production, stating that India should be able to source equipment like ammunition domestically to reduce import dependency. He highlighted the need to develop indigenous capabilities, stating that importing technology would keep India behind. General Pande mentioned Exercise Bharat Shakti in Pokhran as a demonstration of India's efforts towards self-reliance. He also noted the importance of technology in future wars, stating that conventional combat will no longer determine victory.
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Rising disposable income giving a thrust to connected cars in India
In the midsize SUV market, currently two-thirds of sales are from models like Hyundai Creta, Toyota Urban Cruiser Hyryder, Maruti Suzuki Grand Vitara and Kia Seltos, all of whom offer hi-tech features such as anti-collision, assistance to maintain lanes while driving and geofencing that creates a virtual boundary of a car using GPS technology and alerts the owner if the vehicle enters or exits the set perimeter.
Rs 500 cr electric-mobility scheme shows govt's continued thrust on EV: Experts
Ministry of Heavy Industries has announced the new scheme to promote e-mobility in the country with an outlay of Rs 500 crore for four months beginning April 2024. The new scheme is for 2-wheelers and 3-wheelers. Commenting on the government's decision, Srikumar Krishnamurthy, Senior Vice President and Co-Group Head - Corporate Ratings, ICRA said the scheme is a favourable move towards the acceleration of the electrification pace in the country.
MeitY cybersecurity group seeks ideas in thrust areas
Researchers, scientists, engineers, technologists and faculty members working in universities, academic institutions, and registered scientific societies, among others can submit R&D project proposals for grants-in-aid support.
Brookings report backs PM Modi's policy thrust, says it helped eliminate extreme poverty
A commentary authored by economists Surjit Bhalla and Karan Bhasin from The Brookings Institution stated that the pace of poverty reduction in India is remarkable, with the country witnessing a decline that previously took three decades to achieve, now realized over just 11 years.
Thrust is on letting economy grow on its own momentum: CEA Anantha Nageswaran on next-gen reforms
India's fiscal deficit had shot up to 9.2% of GDP in FY21 following the additional spending to provide stimulus to the economy hit by Covid. The Chief Economic Adviser asserted that the latest target of 5.1% of GDP is realistic.
Budget 2024: Hand on the gear, getting ready to thrust ahead
The interim budget signifies a departure from sector-specific handouts, prioritizing fiscal consolidation with a lower-than-expected fiscal deficit. The focus remains on increased capital expenditure, innovation, and entrepreneurship support, green initiatives, tourism promotion, and ongoing reforms. The budget reflects a holistic approach to empower all sections of society for sustainable growth, creating a robust foundation for India's development.
Modi govt's capex thrust key during Budget as pvt investment is still weak: Ex-NITI VC Kumar
Former NITI Aayog vice chairman Rajiv Kumar emphasized the Indian government's need to prioritize capital expenditure in the upcoming interim budget to bridge the infrastructure gap and boost the economy. He expects continued focus on investment and fiscal consolidation in the budget, with the government achieving its targets through improved tax-to-GDP ratios and rising capital expenditure.
Budget will be aligned with BJP's thrust on GYAN strategy; capex growth pace may slow slightly in FY25: Sonal Varma, Nomura
Sonal Varma believes the government will meet its fiscal deficit targets for FY24 and FY25 through offsetting factors and a slight slowdown in capex growth. For FY24, higher direct tax collections and dividends have been positive, while lower indirect tax collections and disinvestment proceeds have been negative. In FY25, Varma expects the government to set a deficit target of 5.3% of GDP based on assumptions of nominal growth and a slowdown in capex growth.
Trump cases thrust US courts into the political fray
Trump and his two eldest sons are accused of business fraud in New York for inflating the value of their real estate assets to receive more favorable bank loans and insurance terms. The former president was also found liable last year of sexually abusing and defaming a magazine writer and ordered to pay $5 million in damages.
Google play trial thrusts Android into spotlight
Android is less integral to Google than its search and advertising business which is the subject of a different federal antitrust lawsuit by the Justice Department the Epic trial offered a window into previously unpublicized strategic forays by the world's fourth-largest company by market cap and deals it has made with Samsung Electronics Co., Activision Blizzard Inc. and Spotify Technology SA.
Govt's ambitious thrust makes climate suitable for renewable energy companies
The government's target to achieve 500 GW of renewable energy generation by 2030 is making market participants positive about these firms. "The revenue visibility of the renewable energy sector is quite strong, and the government is also aiming to generate more energy from wind and solar mediums having laid out ambitious targets," said Deepak Jasani, head of retail research at HDFC Securities.
If national consensus not achieved on simultaneous polls, it shouldn't be thrust on people: Ex-CEC Quraishi
Former Chief Election Commissioner S Y Quraishi has stated that if there is no national consensus on conducting simultaneous elections, it should not be forced upon the people. Quraishi also expressed his hope that the present Election Commission will take swift and neutral action against violations of the model code of conduct in the upcoming assembly polls.
Thrust of UN reform has to be to 'democratise' Security Council: UNGA President
"It's not untrue that the architecture of the Security Council was designed a very long time ago, decades ago when geographically and geopolitically the world was a very different place," Francis, President of the 78th session of the UN General Assembly, told PTI in an exclusive interview.
India seeing a consumption boom amid surging workforce and infra thrust: P&G India CEO
The company said a confluence of a few factors are working in India's favour - digital infrastructure that exists and the amount of insights across different dimensions is very different from any other markets along with the physical infrastructure, especially the thrust into rural areas, creating jobs among others.
Apple is expected to unveil sleek headset aimed at thrusting the masses into alternate realities
After years of speculation, the stage is set for the widely anticipated announcement to be made Monday at Apple's annual developers conference in a Cupertino, California, theater named after the company's late co-founder Steve Jobs.
TikTok and other social media trends are thrusting performance crimes into the US spotlight
Like many social platforms, TikTok screens content with a combination of artificial intelligence and human moderators who try to catch whatever AI might miss. A spokesperson said it's easier for technology to spot certain violations, like nudity, than things like teens breaking into cars. The human moderators are a second level of screening when content is questionable.
Elden Ring update version 1.09, PC, PS5, and Xbox Series X players. All you need to know
Players can now download and install update 1.09 for Elden Ring on various platforms, including PC, PS4, PS5, Xbox One, and Xbox Series X|S. This update introduces a new visual feature to the game's PC and current-generation console versions.
Maharashtra Assembly: Supplementary demands of Rs 6,383 cr presented; thrust on rural schemes
The Maharashtra government presented supplementary demands of Rs 6,383.97 crore on Monday on the first day of the state Assembly's Budget session, with the thrust being on rural areas as funds have been marked for village lighting bill payment and farm loan waiver.
Fiscal consolidation and growth thrust hallmarks of Budget: Amish Mehta, Crisil
By targeting a fiscal deficit of 5.9% of GDP for FY24 (vs 6.4% for FY23RE), budget has stayed on the committed glide path to below 4.5% by FY26. A lower deficit will also have a salutary effect on government's borrowing costs and is in sync with the RBI's actions to tame inflation.
Thrust on R&D in Union Budget a welcome step: Pharma body
Union Finance Minister Nirmala Sitharaman, in her budget speech, said facilities in select ICMR labs will be made available for research by public and private medical college faculty and private sector R&D teams for encouraging collaborative research and innovation.
Budget 2023 wishlist: Increased thrust on green energy, healthcare, housing
Along with promoting investments, even domestic consumption needs to be supported as rural demand has been lacklustre due to rising prices and limited non-farm opportunities for quite some time.
Industry expects Budget to provide thrust to UDAN, help more airports to take off
Along with the increase in air traffic, the country has witnessed growth in the aviation infrastructure especially in terms of more routes and development of airports. Keeping in view the past growth in the air traffic, Industry expects that the upcoming Budget will give wings to the aviation sector.
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