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The new system will introduce dedicated PF withdrawal cards, functioning like regular bank ATM cards

ATM, Money, Transaction

Markets Live: Indian markets are likely to be driven by the higher close on the Wall Street, after largely in-line retail inflation data there cemented hopes of a rate cut by the US Fed next week

Stock market

Brookfield India Real Estate Trust on Monday launched its QIP issue to raise up to Rs 3,500 crore by issuing shares to institutional investors.
In a regulatory filing, Brookfield India Real Estate Trust informed that the Issue Committee of the board of directors of Brookprop Management Services Pvt Ltd -- manager to Brookfield India REIT -- approved the opening of the QIP (qualified institutional placement) issue on Monday.
The panel approved the floor price of Rs 287.55 per unit.
The unit price closed at Rs 290.73 apiece on the BSE.
Last month, the company's unitholders approved a proposal to raise up to Rs 3,500 crore.
The board of directors of Brookprop Management Services approved the issuance of units of Brookfield India REIT through an institutional placement of units not exceeding Rs 3,500 crore in one or more placements.
The proceeds will be used for the partial or full prepayment or repayment of the outstanding borrowings, equity contribution, and general purposes, inclu

Brookfield (Photo: Bloomberg)

Coming out strongly against the Union Government's stance that the Viability Gap Fund (VGF) for the Vizhinjam Seaport project should be repaid in installments, Chief Minister Pinarayi Vijayan on Monday accused the Centre of maintaining a vindictive attitude towards the state.
Addressing the media here, the Chief Minister said that, in a letter responding to the state's request to reconsider the decision on the VGF, Union Finance Minister Nirmala Sitharaman had reiterated the Central Government's stance that the allocation for Vizhinjam should be treated as a loan, not a grant.
The Chief Minister criticised the decision, calling it a deviation from the Central Government's long standing policy on VGF grants.
Even when VGF was allocated for the Kochi Metro, there was no stipulation for repayment, and the new criteria set exclusively for Kerala contradict the standard guidelines of the VGF, he alleged.
The central government has never imposed a repayment condition on any project that 

Pinarayi Vijayan, Pinarayi, Vijayan, Kerala CM

Acknowledging the persistent challenges faced by the industrial sector in Jammu and Kashmir, Chief Minister Omar Abdullah on Monday reaffirmed his government's commitment to supporting local industries in overcoming these difficulties.
Abdullah also highlighted the positive impact of the now-defunct 'Darbar Move' on Jammu's vibrancy, assuring people that the government will resume the practice in the future.
Darbar Move is the bi-annual practice of shifting the seat of power between Jammu and Srinagar during winters and summers, respectively.
Speaking at an event organised by the Jammu Chamber of Commerce and Industry (JCCI) here, where he was felicitated for assuming office as chief minister, Abdullah underscored his administration's dedication to reviving the industrial sector.
"There is no shortage of issues. If I were to claim that these problems have only emerged in the past decade, it would be misleading. These challenges are not new, nor are they solely the result of Jammu a

Omar Abdullah,Omar

Highlighting the historical presence of Hindus in Bangladesh, stating, "We are vanished from Afghanistan. We are vanished from Pakistan. This is the high time. If we are not saved now, we will be

Protest, Delhi Protest, Bangladesh Protest, Hindu Protest

Despite the growth slowdown, a rate cut-cycle is unlikely to start anytime soon

Policy

The suicide of a Bengaluru techie brings intense scrutiny on India's family courts, raising questions about their ability to protect vulnerable individuals in disputes

Atul Subhash, Bengaluru Techie Suicide

The IT ministry is working on a mechanism to assess safety and trust elements in artificial intelligence (AI) solutions but does not want to start with a regulation as it may hurt innovation in the AI space, a top official said on Thursday.
Speaking at CII's Global Economic Policy Forum, Ministry of Electronics and IT Secretary S Krishnan said the government has broadly addressed key regulations barring a couple of the issues like copyright and existential crisis.
He said under the IndiaAI mission, the government has tried to make a subtle distinction between responsible AI as defined by the West -- which is not expected to be regulated by the government -- and safe and trusted AI.
"Safe and trusted AI is when you do the innovation, try and be responsible about it but there would be an assessment. We will try and see that it is safe and trusted in a manner that works for everybody. That is the other space that we are working on right now. We don't want to start with regulation, and 

artificial intelligence

The upcoming Hockey India League, which is being revived after seven years, will be telecast live on the country's national broadcaster, Prasar Bharati.
The Memorandum of Understanding (MoU) in this regard was signed in a ceremony between Abhishek Agarwal, Deputy Director General Sports, Prasar Bharati, and Hockey India Secretary General Bhola Nath Singh.
Set to commence on December 28 in Rourkela, HIL will be broadcast live across the nation through Doordarshan and Prasar Bharati's new OTT platform -- Waves.
This edition of the HIL is path-breaking because it will feature the inaugural season of the women's league alongside the men's competition.
While the men's competition will be played in Rourkela, a four-team maiden tournament for the women will be hosted at Ranchi.
Navneet Sehgal, chairman Prasar Bharati, emphasised the importance of this partnership.
"This is a proud moment for hockey, a sport that has captured the hearts of millions of Indians, and for Prasar Bharati, as 

Hockey generic image

The city recorded its coldest December day in the last three years on Thursday as the minimum temperature dropped to 4.5 degrees Celsius.
The forecast predicts cold wave conditions to persist at isolated places until the weekend.
The city recorded a low of 4.5 degrees Celsius on Thursday, 0.4 degrees below normal, compared to 4.9 degrees Celsius on Wednesday, the India Meteorological Department (IMD) said.
The temperature had dropped sharply from 5 degrees Celsius on Wednesday.
According to data, the minimum temperature did not drop below 4.9 degrees Celsius in December 2023 and 2022.
The lowest minimum temperature recorded in December last year was 4.9 degrees Celsius on the 15th, while the lowest in 2022 was 5 degrees Celsius on the 26th.
Cold wave conditions were observed at isolated places in Delhi, including Ayanagar and Pusa, where the temperatures dropped to 3.8 and 3.2 degrees Celsius respectively.
According to the India Meteorological Department, cold wave conditions oc

Delhi winters, cold wave

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Working to assess safety of AI; job loss not intense in India: IT Secy

Prasar Bharati to broadcast upcoming Hockey India League 2024-25 season

Delhi records coldest December morning in 3 yrs as temp drops to 4.5C

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News updates: Cong releases first list of candidates for Delhi Assembly Election

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