China and India are two major Asian economies, they are experiencing contrasting trajectories in Global Financial markets. China's clout is diminishing while India is gaining prominence.

India benefits from investor exodus in China; Foreign investors dump Chinese stocks | World DNA

India's new Parliament building in New Delhi was unveiled in May this year and today the first Parliament sitting will be held in the new building. This is within the special session of the parliament which is currently underway. The special session was announced by the ruling government this last month without disclosing much details on the agenda.

Indian Parliament Special Session: New Parliament to hold its first sitting

The Indian government has reportedly cleared the Women's Reservation Bill. Several reports reveal that the bill got to go ahead at a cabinet meeting on Monday. This comes hours after Indian PM Modi stated, 'Historic decisions will be taken in this special session'.

Women's Reservation Bill: Reserved seats may be allotted by rotation to constituencies

India: Cabinet clears women's reservation bill; A historic decision for women leaders

India has expelled a senior Canadian diplomat based in India. The Canadian High Commissioner to New Delhi was summoned to convey that a senior diplomat needs to leave India in five days. The much anticipated move comes as a counter-attack to Canada expelling a senior Indian diplomat.

India-Canada Row: India expels senior Canadian diplomat over anti-India activities

India-Canada tensions are simmering. Canada PM Justin Trudeau links India to the killing of Sikh separatist- Hardeep Singh Nijjar. Who was he?

Who was HARDEEP SINGH NIJJAR & what was his role in the Khalistan extremist movement?

India's university town of Santiniketan has secured a place in the UNESCO World Heritage list. It was founded by Rabindranath Tagore in 1901. Since then it has been an integral part of India's cultural and intellectual heritage. Molly Gambhir tells you more.

Gravitas: Santiniketan now on UNESCO world heritage list

Here we bring you a quick round-up of all the latest news and top headlines from all across the globe - India summons Canada High Commissioner, PM Modi proposes 33% reservation for women, PM Modi names old Parliament as 'Constitution House', India summons Canada High Commissioner in a tit-for-tat move, Moscow's missiles intercepted, says Kyiv.

India summons Canada High Commissioner | Parliament Special Session

Amid a lot of buzz, the ‘special’ session of Parliament kicked off yesterday. Indian Prime Minister Narendra Modi addresses the house on day two of the special session of the parliament from the new building.

Parliament Special Session: PM Modi thanks the builders of the new parliament building

India's new Parliament building in New Delhi was unveiled in May this year and today the first Parliament sitting will be held in the new building. A special session of the parliament is currently underway the special session was announced by the the ruling government last month without disclosing much detail on the agenda.

Parliament Special Session: PM Modi says, 'new Parliament reflects aspirations of 140 cr citizens'

Amid a lot of buzz, the ‘special’ session of Parliament kicked off yesterday. Indian Prime Minister Narendra Modi addresses the house on day two of the special session of the parliament from the new building. MPs walked from the old building to the new building to mark the transition from old to new carrying a copy of the Constitution.

Parliament Special Session: PM Modi enters new Parliament building amid 'Vande Mataram' slogans

The union cabinet has cleared the women's reservation bill. It is expected to bring the number of women to a critical level that will allow them to make a real difference in political decisions.

Women reservation bill cleared, rollout likely after delimitation

India Foreign Ministry expels senior Canada diplomat over anti-India activities

Indian lawmakers walk to the new Parliament Building carrying a copy of the Constitution

Amid a lot of buzz, the ‘special’ session of Parliament kicked off yesterday. Indian Prime Minister Narendra Modi addresses the house on day two of the special session of the parliament from the new building. The Special Session is now underway.

India Parliament Special Session day two begins in the new Parliament building

PM Modi addressed the Parliament on the second day of Special Session and said, "Every law made in the Parliament, every discussion held in the Parliament, and every signal given by the Parliament should encourage the Indian aspiration. This is our responsibility and the expectation of each and every Indian. Whatever reforms are made here, Indian aspiration should be our priority".

Parliament special session LIVE: PM Modi says, 'India on track to become one of world's top 3'

Amid a lot of buzz, the ‘special’ session of Parliament kicked off yesterday. Indian Prime Minister Narendra Modi addresses the house on day two of the special session of the parliament from the new building. He speaks about making India self-reliant, "Today the world is talking about India's Atmanirbhar (self-reliant) model. It is the need of the hour to fulfil the resolution to make India self-sufficient."

Parliament Special Session: 'Making India Atmanirbhar is everyone's responsibility'

According to a report released on Monday by Fitch Ratings, commercial vehicle sales volume growth in India will drop to low- to mid-single digits as a result of increased ownership expenses.

The rating agency indicates that the rising regulatory requirements, high inflation, and high borrowing rates have increased ownership expenses, which has a major impact on buying decisions.

Compared to the 569,000 units sold in the fiscal year 2020, commercial vehicle sales increased by 34 per cent to over 962,000 units in the financial year 2023, according to information from the Society of Indian Automobile Manufacturers (SIAM).

"The 3.3 per cent Y/Y drop in commercial vehicle wholesale volume in the second quarter of FY23 marked the first yearly decline since March 2020," Reuters cited Fitch, adding that this was due to purchases made before automakers raised their prices and problems with vehicle supply following the implementation of new emission standards.

The most recent regulations mandate real-time emissions assessment, which will cause commercial cars' pricing to increase by close to 5 per cent starting in April 2023.

“We expect faster volume for medium and heavy commercial vehicles than for light commercial vehicles, due to India's rising infrastructure activities and the vulnerability of light commercial vehicles to potentially weaker rural demand due to uneven rainfall,” Reuters quoted from Fitch’s report.

(With inputs from Reuters)

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According to a report released on Monday by Fitch Ratings, commercial vehicle sales volume growth in India will drop to low- to mid-single digits as a result of increased ownership expenses.

According to a report released on Monday by Fitch Ratings, commercial vehicle sales volume growth in India will drop to low- to mid-single digits as a result of increased ownership expenses. The rating agency indicates that the rising regulatory requirements, high inflation, and high borrowing rates have increased ownership expenses, which has a major impact on buying decisions. Compared to the 569,000 units sold in the fiscal year 2020, commercial vehicle sales increased by 34 per cent to over 962,000 units in the financial year 2023, according to information from the Society of Indian Automobile Manufacturers (SIAM). "The 3.3 per cent Y/Y drop in commercial vehicle wholesale volume in the second quarter of FY23 marked the first yearly decline since March 2020," Reuters cited Fitch, adding that this was due to purchases made before automakers raised their prices and problems with vehicle supply following the implementation of new emission standards. The most recent regulations mandate real-time emissions assessment, which will cause commercial cars' pricing to increase by close to 5 per cent starting in April 2023. “We expect faster volume for medium and heavy commercial vehicles than for light commercial vehicles, due to India's rising infrastructure activities and the vulnerability of light commercial vehicles to potentially weaker rural demand due to uneven rainfall,” Reuters quoted from Fitch’s report. (With inputs from Reuters) WATCH WION LIVE HERE

India's commercial vehicle volume growth hampered by rising ownership costs: Fitch

Parliament Special Session: MPs from both houses convene in Central Hall of old Parliament

As per a report by the Reserve Bank of India (RBI) on the state of the economy, India's headline retail inflation is anticipated to decline in September, with room for further corrections in vegetable prices, Moneycontrol reported on Monday.

The report published on September 18 indicated that, headline inflation had slowed down from its peak in August compared to a month earlier, offering a small silver lining to domestic events. It further stated that the ebbing was driven by reversal in the prices of vegetables and that there were preliminary signs of corrections in a wide range of vegetable prices that go beyond the TOP (Tomatoes, Onions, and Potatoes) group.

Vegetable prices decreased somewhat in August compared to the prior month, which resulted in a decrease in India's headline retail inflation rate to 6.83 per cent. Food inflation decreased to 9.94 per cent in August from 11.51 per cent in July as the Consumer Food Price Index fell 0.7 per cent month over month, indicating a downward trend in price momentum. Vegetables, whose index fell 5.9 percent from July, were the main component of food where prices fell.

According to CPI data, the index declined 21.7 per cent month over month in August, reflecting the sharp decline in tomato retail prices. However, the price index for potatoes increased by 2.3 percent from July while the index for onions increased by 12.3 per cent.

According to the official projection from the RBI, average CPI inflation will be 6.2 per cent from July to September, 5.7 per cent from October to December, and 5.2 per cent in each of the first two quarters of 2024. The last time inflation fell below the central bank's medium-term target of 4 per cent was in September 2019, when it registered at 3.99 per cent.

The September print, which will be made public on October 12, is expected to fully reflect the impact of the continuous decrease in vegetable prices, according to economists. Additionally, they anticipate that the decrease in LPG prices will moderate the impact on the main retail figure.

The report further stated that, a stabilising core inflation shows a general lessening of price pressures in the economy, which is a crucial development for the conduct of monetary policy.

Core inflation, which includes prices for food and fuel, fell once again in August, easing down to 4.8 per cent from 4.9 per cent in July.

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As per a report by the Reserve Bank of India (RBI) on the state of the economy, India's headline retail inflation is anticipated to decline in September, with room for further corrections in vegetable prices, Moneycontrol reported on Monday.

As per a report by the Reserve Bank of India (RBI) on the state of the economy, India's headline retail inflation is anticipated to decline in September, with room for further corrections in vegetable prices, Moneycontrol reported on Monday. The report published on September 18 indicated that, headline inflation had slowed down from its peak in August compared to a month earlier, offering a small silver lining to domestic events. It further stated that the ebbing was driven by reversal in the prices of vegetables and that there were preliminary signs of corrections in a wide range of vegetable prices that go beyond the TOP (Tomatoes, Onions, and Potatoes) group. Vegetable prices decreased somewhat in August compared to the prior month, which resulted in a decrease in India's headline retail inflation rate to 6.83 per cent. Food inflation decreased to 9.94 per cent in August from 11.51 per cent in July as the Consumer Food Price Index fell 0.7 per cent month over month, indicating a downward trend in price momentum. Vegetables, whose index fell 5.9 percent from July, were the main component of food where prices fell. According to CPI data, the index declined 21.7 per cent month over month in August, reflecting the sharp decline in tomato retail prices. However, the price index for potatoes increased by 2.3 percent from July while the index for onions increased by 12.3 per cent. According to the official projection from the RBI, average CPI inflation will be 6.2 per cent from July to September, 5.7 per cent from October to December, and 5.2 per cent in each of the first two quarters of 2024. The last time inflation fell below the central bank's medium-term target of 4 per cent was in September 2019, when it registered at 3.99 per cent. The September print, which will be made public on October 12, is expected to fully reflect the impact of the continuous decrease in vegetable prices, according to economists. Additionally, they anticipate that the decrease in LPG prices will moderate the impact on the main retail figure. The report further stated that, a stabilising core inflation shows a general lessening of price pressures in the economy, which is a crucial development for the conduct of monetary policy. Core inflation, which includes prices for food and fuel, fell once again in August, easing down to 4.8 per cent from 4.9 per cent in July. WATCH WION LIVE HERE

RBI Bulletin: A further decline in vegetable prices could lower September's CPI inflation

Amid a lot of buzz, the ‘special’ session of Parliament has kicked off today, September 18. Indian Prime Minister Narendra Modi addresses the house. He mentions how it is an emotional moment to bid goodbye to this building (old building) as many bitter-sweet memories have been associated with it. From Nehru to Manmohanji, they all played a crucial role and contributed towards Parliament, Prime Minister Narendra Modi said in Lok Sabha.

Special Session of Indian Parliament: PM Modi bids an emotional goodbye to old parliament building

As the extraordinary session of Parliament begins today, Prime Minister Narendra Modi is addressing the Lok Sabha. The session is being held at the old Parliament building, but MPs will move in on September 19, the second day of the session. At an all-party conference organised by the government on the eve of the special session, Parliamentary Affairs Minister Pralhad Joshi notified floor leaders of political parties about the action.

India: PM Modi addresses Lok Sabha the last time in old Parliament building

Indian Prime Minister Narendra Modi spoke to the Press outside the Indian Parliament as the special session kicks off in New Delhi. The much talked five-day session we'll begin with the discussion on the 75 years of Indian Parliament as the lawmakers bid farewell to the old building.

Parliament Special Session: Final sitting in the old parliament building

Foxconn, the Taiwan-based iPhone supplier,&nbsp;is planning a two-fold increase in its workforce in India in the next twelve months, according to a Mint report.

To commemorate Indian Prime Minister Narendra Modi’s 73rd birthday, V Lee, Foxconn's representative in India, wrote on LinkedIn that the company is "aiming for another doubling of employment, FDI (foreign direct investment), and business size in India" by this time next year.

The largest electronics contract manufacturer in the world, Foxconn has been&nbsp;increasing&nbsp;its investments in India, in an attempt&nbsp;to diversify away from China.

Notably, Foxconn already operates a 40,000-person iPhone manufacturing in the southern state of Tamil Nadu.

In August this year, the Karnataka government said that Foxconn intends&nbsp;to invest $600 million in two projects to produce chip-making machinery and iPhone case components.

Earlier this month, Young Liu, Chairman and CEO of Hon Hai Technology Group (Foxconn) said that India will play a significant role in manufacturing in the future.

A PTI report quoted him as saying it took China 30 years to build the entire supply chain ecosystem but&nbsp;it will take an "appropriate amount of time in India". He added the process will be shorter in Asia's third-largest economy.&nbsp;

Meanwhile, the South Asian nation will be able to purchase the India-made iPhone 15 on the day that it goes on sale globally, according to previous reports by Bloomberg.

Reports indicate that even if the vast majority of iPhone 15s will be made in China, it would be the first time that a gadget of the most recent generation, that too made in India, will be offered on the first day of sales in India.&nbsp;

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Foxconn, the Taiwan-based iPhone supplier, is planning a two-fold increase in its workforce in India in the next twelve months, according to a Mint report. To commemorate Indian Prime Minister Narendra Modi’s 73rd birthday, V Lee, Foxconn's representative in India, wrote on LinkedIn that the company is "aiming for another doubling of employment, FDI (foreign direct investment), and business size in India" by this time next year.

Foxconn, the Taiwan-based iPhone supplier, is planning a two-fold increase in its workforce in India in the next twelve months, according to a Mint report. To commemorate Indian Prime Minister Narendra Modi’s 73rd birthday, V Lee, Foxconn's representative in India, wrote on LinkedIn that the company is "aiming for another doubling of employment, FDI (foreign direct investment), and business size in India" by this time next year. The largest electronics contract manufacturer in the world, Foxconn has been increasing its investments in India, in an attempt to diversify away from China. Notably, Foxconn already operates a 40,000-person iPhone manufacturing in the southern state of Tamil Nadu. In August this year, the Karnataka government said that Foxconn intends to invest $600 million in two projects to produce chip-making machinery and iPhone case components. Earlier this month, Young Liu, Chairman and CEO of Hon Hai Technology Group (Foxconn) said that India will play a significant role in manufacturing in the future. A PTI report quoted him as saying it took China 30 years to build the entire supply chain ecosystem but it will take an "appropriate amount of time in India". He added the process will be shorter in Asia's third-largest economy. Meanwhile, the South Asian nation will be able to purchase the India-made iPhone 15 on the day that it goes on sale globally, according to previous reports by Bloomberg. Reports indicate that even if the vast majority of iPhone 15s will be made in China, it would be the first time that a gadget of the most recent generation, that too made in India, will be offered on the first day of sales in India. WATCH WION LIVE HERE

Foxconn plans to increase its employees by two-fold in India by next year

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