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The Latest Breaking News from Finance

Chris Bowen calls for end to fossil fuels

Climate and Energy Minister Chris Bowen has told COP28 that all countries must shut down fossil fuels for the world to keep the 1.5-degree goal in sight, and Treasurer Jim Chalmers says ‘modernisation, maximisation and middle Australia’ will be Labor’s renewal and reform mantra on the road to the 2025…

Crikey

PM talking up transformative GDP but what matters is annual growth rates over longer period: Congress

The Congress said that PM Modi and Finance Minister Nirmala Sitharaman are “repeatedly talking up” transformative GDP growth based on the recent July-September numbers but what matters more is annual growth rates over a longer period

The Hindu

Bhatti reviews functioning of Finance department

Min. Vikramarka reviews State finances: Finance Special Chief Secretary K. Ramakrishna Rao briefs newly appointed Minister on department functioning. Cabinet decision to assess finances and release white paper to explain situation to people.

The Hindu

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3 Defense Stocks to Watch for Investment Opportunities This Week

The aerospace and defense industry, attracting investor interest due to the Israel-Hamas conflict, is poised for sustainable growth due to increased defense budgets and technological advancements. Therefore, fundamentally sound defense stocks CPI Aerostructures (CVU), Textron (TXT) and Willis Lease Finance (WLFC) might be worth adding to boost your portfolio. Continue…

StockNews.com

Cyclone Michaung: Insurers have received motor insurance claims for 2,320 vehicles

Insurers receive 2,320 motor insurance claims due to Cyclone Michaung; Finance Minister urges speedy settlement. State govt to provide vacant spaces for vehicle repair, towing vehicles from other districts. Insurers assure speedy settlement of claims.

The Hindu

Tech dominates the Fortune Future 50 list as ‘long-term growth potential of the sector is alive and well’

Along with growth, the companies are on the road to providing outsize returns for shareholders in the long term.

Fortune

AP Finance Minister inaugurates GST Seva Kendram and releases Vision & Mission of Commercial Taxes Department

Finance Minister Buggana Rajendranath Reddy inaugurated GST Seva Kendram and released Vision & Mission of Commercial Taxes Dept. He also launched GST Mithra to identify & correct discrepancies in tax returns. Incentive Awards presented to 195 meritorious officers & staff.

The Hindu

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Average monthly GST mop-up at ₹1.66 lakh crore so far this fiscal: Finance Minister Nirmala Sitharaman

GST collection has been increasing since 2017, with average monthly mop-up in FY 2023-24 at ₹1.66 lakh crore, 11% higher than previous year. Govt. has brought reforms to improve compliance and increase collection, such as e-way bill, ITC matching, e-invoice, etc. 14,897 appeals pending as of Oct. 2023, higher than…

The Hindu

Nirmala Sitharaman’s remarks misleading, says Balagopal

Finance Minister K.N. Balagopal on Friday described as “misleading” Union Finance Minister Nirmala Sitharaman’s recent remarks concerning the Centre-State standoff on the State’s financial position. After blocking the State’s revenue sources, Ms. Sitharaman was trying to create the impression that it has been given everything, Mr. Balagopal alleged.

The Hindu

Making women millionaires is Prime Minister Modi’s dream, says Nirmala Sitharaman

Union Finance Mininister Nirmala Sitharaman said PM Modi's main objective is to make women millionaires. She participated in Viksit Bharat Sankalp Yatra at Govt. Girls High School

The Hindu

Governor Arif Mohammed Khan doing Sangh Parivar’s bidding; must resign immediately, says M.V. Govindan

CPI (M) leader M.V. Govindan accuses Governor Arif Mohammed Khan of abandoning constitutional duties to do Sangh Parivar's bidding. Demands his resignation. Accuses him of attempting to appoint RSS workers as VCs. Warns against Central govt's policies to enforce Hindutva ideology, corporatism and superstitions. Mahatma Gandhi VC in-charge, ex-Kerala VC,…

The Hindu

Biden pick for Social Security chief OK'd by Senate panel - Roll Call

Martin O'Malley's nomination to lead the Social Security Administration won bipartisan support from a Senate panel on Tuesday.

Roll Call

Finance Minister Nirmala Sitharaman demands action, not words at COP28

At COP 28, India will push for concrete action on climate funding and tech transfer. Minister Sitharaman said India has achieved its Paris commitment with its own funds, and called for pathways to show how tech can be transferred

The Hindu

Sufficient funds available for Jal Jeevan Mission works, says Minister Buggana

Finance Minister Buggana Rajendranath Reddy said sufficient funds are available for Jal Jeevan Mission works. He urged local reps to get contractors to participate in tenders. He also said drought mandals will be announced based on rainfall, soil moisture, etc. He revealed 200 cusecs of water are taken daily from…

The Hindu

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The Hindu

IMEC a ‘win-win situation’ for all States involved, not without its geopolitical challenges: FM

The India-Middle East-Europe Economic Corridor (IMEC) is a “win-win situation” for all states involved, Finance Minister Nirmala Sitharaman said

The Hindu

Focus is on Kochi’s infrastructure development, says Finance Minister

Kochi to receive comprehensive development, incl. basic amenities, traffic congestion relief, and tourism infrastructure. Finance Minister K.N. Balagopal spoke at KMCC face-to-face, where merchants raised civic infrastructure issues. GST-related issues to be resolved once Appellate Authority bench opened. Mayor to invite Minister to meeting of trade body reps.

The Hindu

Adverse Central policies will deprive Kerala of ₹57,400 crore this fiscal, says Balagopal

Adverse Central policies will deprive the State of ₹57,400 crore in Central transfers and loan approvals in the current fiscal, says Kerala Finance Minister K.N. Balagopal on the State’s financial status.

The Hindu

Present Kerala’s case strongly before Finance Commission to recover lost fiscal space, govt. advised

The State government has been advised to prepare well and present its case strongly before the soon-to-be constituted 16th Finance Commission to recover Kerala’s lost fiscal space.

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Chicago Sun-Times

How the near absolute power Edward Burke wielded absolutely paved the way for his alleged corruption

That power came from “scratch my back” Chicago politics. Burke’s clout emanated from the sheer force of his personality, the favors he did for other City Council members and the intimidation he wielded over his colleagues.

The Hindu

A.P. Finance Minister lauds banks for handing out 20% more loans than last year

Andhra Pradesh banks have achieved their target of disbursing ₹1.68 lakh crore loans in FY 2023-24, a 20% increase from FY 2022-23. Finance Minister Rajendranath Reddy suggested to bankers to give more loans to MSMEs and those establishing industries under govt. schemes. He also requested them to extend support to…

The Hindu

Centre yet to respond to Kerala’s request to exclude spending on NH land acquisition from borrowing limit

Kerala seeks Centre's response to exclude land acquisition cost for NH from borrowing limit. Finance Minister K.N. Balagopal had conveyed the requirement to Union Finance Minister Nirmala Sitharaman in Oct. 2023. The Centre's stand has caused Kerala to suffer a cut-back in its annual borrowing limit. An earlier request for…

The Hindu

Endosulfan: Finance department sanctions ₹4.82 crore for rehabilitation-related activities

Finance Dept. clears ₹4.82 cr for Endosulfan victims in Kasaragod. Funds to be used for medical care, medicines, transport & more. 6603 beneficiaries of integrated project. Planning & Economic Affairs Dept. recommendation led to decision. District Collector to oversee expenditure.

The Hindu

Minister opens cultural festival in Kollam

Inaugurating a three-day cultural festival at the Sree Narayana Guru Cultural Complex on Tuesday, Finance Minister K. N. Balagopal said that it will be made the best cultural centre in the country.

Fortune

5 top issues making Gen Zers and millennials leave their accounting and finance jobs

Not only are employees intending to leave their current employer, they may leave the profession.

AAP

PwC offshoot challenged to prove distance from scandal

The government consultancy offshoot of PwC has been told to prove its distance from the tax advice scandal in order to work on government contracts.

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