LIVE: India focusing on logistics, bringing down costs, says PM at Kautilya Economic Conclave | India News

“Banking reforms strengthened banks and raised their lending capacity…We are focussing on logistics infra to bring down logistics costs. We ended 40,000 compliances,” he said at the Kautilya Economic Conclave on Friday in New Delhi.

“World’s confidence in India stays high amid geopolitical tensions; will take structural reforms for Viksit Bharat,” says PM Modi.

Hiring in the United States surged beyond expectations in September, while the unemployment rate edged lower, according to government data released on Friday. This positive news provides a boost for policymakers ahead of the November elections.

The Department of Labor reported that the economy added 254,000 jobs last month, a significant increase from August’s revised total of 159,000. Additionally, the unemployment rate fell from 4.2 percent to 4.1 percent.

Indian government bond yields rose on Friday, with the benchmark 10-year yield settling at a three-week high, tracking a surge in oil prices and U.S. peers amid the widening conflict in the Middle East.

The benchmark 10-year yield ended at 6.8339 per cent, the highest since Sept. 12, compared with its previous close of 6.7765 per cent. On a weekly basis, the yield rose seven basis points.

“The yields have surged mainly due to geopolitical concerns.

Pakistan is hosting the Shanghai Cooperation Organisation (SCO) Council of Heads of Government (CHG) meeting in mid-October. The announcement was made by external affairs ministry spokesperson Randhir Jaiswal Friday.

Vanchit Bahujan Aghadi chief Prakash Ambedkar on Friday slammed NCP (SP) supremo Sharad Pawar for seeking the raising of the quota cap in Maharashtra to 75 per cent. He said the demand was a sign of Pawar’s “intellectual bankruptcy” and asked when quota benefits will be extended to the cooperative sector, which is dominated by leaders from the undivided Nationalist Congress Party and the Congress.

Seven Naxalites were killed in an encounter with security personnel in Chhattisgarh’s Bastar region on Friday, a senior police official said. The gunfight broke out at around 1 pm in the forest of Abhujmaad on the Narayanpur-Dantewada inter-district border when a joint team of security personnel was out on anti-Naxal operation, he said.

The Supreme Court has dismissed a batch of pleas seeking review of its judgment which held that states are constitutionally empowered to make sub-classifications within the Scheduled Castes for granting reservation. A seven-judge Constitution bench comprising Chief Justice D Y Chandrachud and Justices B R Gavai, Vikram Nath, Bela Trivedi, Pankaj Mithal, Manoj Misra and Satish Chandra Sharma said there is no error apparent on the face of the record.