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Bangladesh will not tolerate communal activities, foreign adviser tells diplomats
Bangladesh's interim government is taking a strong stance against communalism and promises equality for all. India is enhancing security for Bangladesh's diplomatic missions after a breach incident. The situation in Bangladesh has been tense due to recent targeted violence against minorities. Both governments are urging for better protection and action against such activities.
Take on the bane of bureaucrat-ocracy
Donald Trump has appointed Kash Patel as the new FBI director to reduce bureaucratic overreach. In India, the decentralisation from the Panchayati Raj Act of 1992 aimed at empowering women in rural governance is hindered by bureaucratic interference, as highlighted by the Supreme Court's reinstatement of Sonam Lakra.
South Korea may become the first country to disappear from the face of Earth. The reasons are not as simple as they seem to be
South Korea is grappling with a severe fertility crisis as birth rates plummet. The situation is exacerbated by socio-economic pressures and gender inequality. Despite government initiatives, many women prioritize careers over families. Immigration and marriage migration offer partial solutions. Addressing gender imbalances is critical to reversing the population decline and ensuring a stable future.
NFO Tracker: Kotak Mutual Fund launches two index funds
Kotak Mutual Fund launched two index funds: Kotak Nifty 50 Equal Weight Index Fund and Kotak Nifty 100 Equal Weight Index Fund. The NFOs are open from December 2 to 16. These funds aim to track the Nifty 50 Equal Weight Index and Nifty 100 Equal Weight Index, respectively. The minimum investment is Rs 100.
Were Ariana Grande and Cynthia Erivo paid equally for Wicked? Rumours swirl online about salary discrepancies; universal gives a rare statement
Universal Pictures has confirmed that Ariana Grande and Cynthia Erivo received equal pay for their roles in Wicked, dispelling rumours of a pay disparity.
State can interfere with religious practices if they impede development, equality rights: SC
India's top court confirmed the constitutional validity of secularism. The court clarified the state's role concerning religious practices. The court dismissed challenges to the 47-year-old amendment. The amendment added socialist, secular, and integrity to the preamble. The court stated the parliament has the power to amend the preamble. The court emphasized secularism supports equality and development.
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India struggles with limited effectiveness of its gender responsive budgeting: UN Report
A new report presented at the UN Ministerial Conference on Women Empowerment in Bangkok highlights that India's Gender Responsive Budgeting (GRB) faces challenges. The report points to the exclusion of key programs benefiting women and a lack of sex-disaggregated data as major limitations. It suggests stronger monitoring mechanisms and encourages subnational governments to adopt GRB practices.
Celebrating Guru Nanak Jayanti: The significance of Guru Nanak's birth in Sikhism
Sikhs worldwide are preparing to celebrate Guru Nanak Jayanti on November 15th, marking the 555th birth anniversary of the first Sikh guru. The day commemorates Guru Nanak's teachings of equality, unity, and selfless service through prayers, communal meals (langar), processions, and community service.
Compassionate appointment not vested right: SC
The Supreme Court of India ruled that compassionate appointment in government jobs is not an automatic right. The court emphasized that such provisions are intended to provide immediate financial relief to families facing sudden hardship due to the death of a breadwinner, not as a guaranteed job entitlement after a prolonged period.
PM Modi to attend G20 Summit in Brazil, advocate India¡¯s stand on key global issues
Prime Minister Narendra Modi is set to attend the G20 Summit 2024 in Brazil, where he will emphasize India's stance on critical global issues. Building upon the New Delhi Declaration, India aims to foster consensus on tackling challenges like global conflicts, economic instability, climate change, and debt burdens, advocating for equitable solutions for developing nations.
Afghanistan's Rahmanullah Gurbaz surpasses Kohli, equals Tendulkar's 28-year-old record with another century
Rahmanullah Gurbaz equaled the world record for the most centuries before turning 23 with his eighth ODI century, leading Afghanistan to a series-clinching victory against Bangladesh in the third ODI at Sharjah. Gurbaz's 101 and Azmatullah Omarzai's 70 guided Afghanistan to chase down 245 after a strong bowling performance restricted Bangladesh to 244.
ID verification company Equal bags $10 million in first institutional raise
Equal is building a platform which helps businesses streamline their know your customer (KYC) processes and prevent fraud, thereby assisting in regulatory compliance through integration with about 50 identity databases.
Swiggy, Zomato go beyond food, qcomm; publishers & Gen AI dilemma
Happy Monday! Swiggy and Zomato are constantly broadening their platter of offerings. This and more in today¡¯s ETtech Morning Dispatch.
SC holds unilateral arbitrator appointment clauses in public-private contracts invalid
The Supreme Court ruled that clauses in public-private contracts allowing one party to unilaterally appoint arbitrators violate the right to equality. The court found such clauses hinder equal participation in the appointment process and raise concerns about impartiality, emphasizing the principle of equal treatment in all arbitration stages.
Axis Securities is Equal Weight on HDFC Bank, target price Rs 2025
Axis Securities sets a target price of Rs 2,025 for HDFC Bank. The bank's current market price is Rs 1,760.5. HDFC Bank focuses on reducing its loan-to-deposit ratio. The bank aims to achieve this by slowing down credit growth and boosting deposit growth. Axis Securities predicts a return on assets of 1.8-1.
NCRB data collection in prisons can go on, SC clarifies in caste bias matter
The Supreme Court clarified that its order to remove caste details from jail records won't affect data collection by the National Crime Records Bureau (NCRB). The court had previously ruled against caste-based discrimination in prisons, including segregation and labor division, deeming it unconstitutional.
Equal Weight on Varun Beverages, target price Rs 700: Axis Securities
Axis Securities has set a target price of Rs 700 for Varun Beverages Ltd. The company's stock is currently trading at Rs 585.25. Varun Beverages recently acquired a beverage company in South Africa and DRC. The company is also expanding its distribution reach and manufacturing capabilities. Promoters hold a 62.66% stake in the company, while FIIs and DIIs hold 24.
Axis Securities is Equal Weight on ICICI Bank, target price Rs 1,500
Axis Securities has given ICICI Bank a target price of Rs 1500, citing strong anticipated performance and a potential return on assets of 2.2-2.3%. The bank recently reported a consolidated total income of Rs 72942.55 crore, representing significant year-over-year growth. Despite this positive outlook, a potential slowdown in credit growth due to lagging deposit mobilization is a concern.
Hot stocks: Brokerage view on Apollo Hospitals, Gujarat Gas, JSPL, Polycab and Tata Steel
Brokerage firms have varied recommendations: JP Morgan rates Apollo Hospitals overweight, Citi downgrades Gujarat Gas, Morgan Stanley is positive on JSPL, while Jefferies gives a buy rating to Polycab.
Abortion rights advocates win in 7 states and clear way to overturn Missouri ban but lose in 3
Voters across the United States grappled with abortion rights, delivering a mixed bag of victories and defeats for both sides of the issue. While Missourians voted to overturn one of the nation's strictest abortion bans, similar efforts failed in Florida, Nebraska, and South Dakota. Meanwhile, abortion rights amendments passed in Arizona, Colorado, Maryland, Montana, and Nevada.
Did NBC just break the equal time rule with Trump¡¯s campaign message?
Following Vice President Kamala Harris's appearance on Saturday Night Live, NBC aired a campaign message from former President Donald Trump to comply with the FCC's "Equal Time" rule. The rule mandates broadcasters to offer comparable airtime to opposing candidates during election periods.
India calls for a balanced geographical representation at the ILO
Indian delegation to the 352nd governing body meeting of the ILO, led by labour and employment secretary Sumita Dawra, made a case for considering population and workforce of a country for a fairer, more equitable and balanced geographical representation within ILO.
2 mutual funds file draft papers with Sebi to launch 3 passive funds and a smallcap fund
Edelweiss Mutual Fund and Mirae Asset Mutual Fund have filed draft documents with Sebi to launch four new funds, including three passive schemes and one small-cap fund. The passive funds will track the BSE Capital Markets & Insurance TRI, BSE Internet Economy TRI, and BSE 200 Equal Weight TRI (Total Return Index) indices.
Criminalisation of marital rape: SC questions impact on marriage, petitioner argues it's personal, not institutional
The Supreme Court of India queries if criminalizing marital rape may destabilize the institution of marriage, with the CJI-led bench exploring the constitutional validity of an exception that shields husbands. Senior advocate Karuna Nundy contends for equality within marriage, challenging the status-based immunity for husbands.
Indian Oil partners with EverEnviro for joint compressed biogas venture
Indian Oil is partnering with EverEnviro Resource Management to create an equal joint venture for developing compressed biogas (CBG) plants. This collaboration aims to leverage their expertise to expedite CBG plant deployment across India. EverEnviro, founded in 2019, specializes in managing urban and agro waste streams.
Global recognition race drives CSR spend on sports, art
India Inc increased CSR spending on non-traditional segments like sports, art, culture, and women empowerment by 68% to ?1,800 crore in 2022-23. Education received the highest CSR funds totaling ?10,085 crore, while health spending decreased to ?6,830 crore. HDFC Bank was the largest CSR spender.
Canadian woman claims she was fired for exposing HR for hiring only Indians, gets schooled
The Indian expatriate community abroad has frequently faced allegations of influencing hiring practices to benefit candidates from India. Recently, a Canadian woman stirred up controversy by asserting that she lost her position at an international coffee company after raising concerns that Indian hiring managers frequently exhibited favoritism towards Indian immigrants.
More and more women's participation needed in Parliament, assemblies: Rahul
Rahul Gandhi emphasizes the need for increased women's participation in Parliament and state assemblies for true equality. He urges women to join the Congress¡¯ 'Shakti Abhiyan,' aimed at empowering women in politics and decision-making at all governance levels, local to national.
True equality and justice requires more women in politics: Rahul Gandhi
Rahul Gandhi, Leader of Opposition in the Lok Sabha, has called for more women in politics to achieve true equality and justice. He urged women to join the 'Shakti Abhiyan' initiative, which aims to create equal space for women's interests in politics. The initiative is driven by the Indian Youth Congress and includes the Indira Fellowship.
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