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$ 350 million ADB loan approved to enhance India logistics and exports

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$ 350 million ADB loan approved to enhance India logistics and exports


$ 350 million ADB loan approved to enhance India logistics and exports

NEW DELHI: Asian Development Bank (ADB) has approved a $ 350 million policy-based loan to support India strengthen and modernize logistics sector.
As per a statement from the regional development bank, dated December 6, the loan will finance the second subprogram, supporting Indian government’s efforts to create a comprehensive policy, planning, and institutional framework at the state and city levels.
The development of India’s logistics sector is pivotal in enhancing the competitiveness of its manufacturing sector.
Through strategic policy reforms, infrastructural improvements, and digital integration, the government’s ongoing reforms are set to transform the logistics landscape, ADB said.
This transformation is expected to not only reduce costs and improve efficiency, but also create employment opportunities and promote gender inclusion–driving sustainable economic growth.
The Government of India has launched several strategic policies to address logistics sector constraints, including the Prime Minister Gati Shakti-National Master Plan (PMGS-NMP) and the National Logistics Policy (NLP). These initiatives aim to improve infrastructure, streamline processes, and promote digitization.
“The development of the logistics sector has a profound impact on the manufacturing sector’s competitiveness. Improved logistics efficiency enhances supply chain resilience, reduces transaction costs, and boosts export competitiveness,” said ADB Senior Public Management Economist Sameer Khatiwada.
“The integration of digital technologies and standardized processes facilitates smoother movement of goods, which is crucial for manufacturing growth.”
From 2000 to 2022, India’s goods export increased from $ 48.5 billion to $ 467.5 billion while industrial exports grew from $ 39.6 billion to $ 317.4 billion.
The government aims to reach $ 2 trillion in exports of goods and services by 2030.
The ADB said its program is helping India achieve this target by enhancing productivity and transfer of goods and reducing logistics cost while contributing to the reduction of greenhouse gas emissions.




Voters set to choose new president

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Voters set to choose new president


Election day has arrived in Ghana, where a debt crisis and high living costs mean the economy is uppermost in the minds of many voters.

The West African nation is guaranteed a new president as Nana Akufo-Addo steps down after reaching the official limit of two terms in office.

But he could be replaced with a familiar face, if former President John Mahama succeeds in his comeback attempt for the NDC party.

His main challenger is expected to be Vice-President Mahamudu Bawumia, who would become the country’s first Muslim leader if he wins for the governing NPP party.

Other candidates include Nana Kwame Bediako, a businessman popular with young voters and Alan Kyerematen, who defected from the ruling NPP party last year.

Close to 19 million Ghanaians are registered to vote.

Despite Ghana recently bringing in tougher legislation to drive up the numbers of women in frontline politics, only one woman is in the running to become president – Nana Akosua Sarpong Frimpomaa of the Convention People’s Party (CPP).

The only other female presidential candidate in this election – Akua Donkor of the Ghana Freedom Party – died in October. Yet her name will still be listed on ballot papers because the candidate chosen to succeed her was disqualified.

Saturday’s general election also sees voters in 275 constituencies across the country choosing their members of parliament.

Since the return of multi-party politics to Ghana in 1992, only candidates from either the National Democratic Congress (NDC) or the governing New Patriotic Party (NPP) have won the presidency.

No party has ever won more than two consecutive terms in power.

Voters have a 10-hour window on Saturday to cast their ballots – 07:00-17:00 GMT.

Ghana’s land borders have been closed until Sunday evening, in a move that correspondents describe as unusual.

Election results are set to be announced within three days.

In order to win in the first round, a presidential candidate must gain more than 50% of the vote. Failing that, the top two contenders will enter a run-off vote to take place by the end of December.

Voting for the first time, 18-year-old Serwaa Yeboah Joshebeth told the BBC “it is important for you to vote to choose the best for your country”.

The recent graduate wants to see more job opportunities, “not for me alone but for others who need them [too].”

Kojo Yeboah, 95, agrees.

“The next leader must focus on education and jobs for the youth,” the retired university worker told the BBC outside a polling booth in the city of Kumasi.

“I benefit from stipends from the state at my age already,” he adds.

As campaigns came to a close on Friday, Bawumia said of his main rival: “What is clear is that notwithstanding the challenges we’ve had, we have performed better than the government of John Dramani Mahama.”

While Mahama told supporters “it is a choice between the Ghana we have today and the Ghana we want together. A Ghana of opportunity, prosperity, and justice for all.”

Ghanaians have been hit particularly hard by inflation in recent years, which reached a peak of 54.1% in 2022. Although it has since come down, many thousands of people have been pushed into poverty and living standards have suffered, says the World Bank.

That same year, Ghana defaulted on its debt repayments and the government is still in lengthy negotiations with international lenders to try and restructure the loans.

Unemployment is also at a high – particularly among the young, whose views could have a big impact on the outcome of the election.

Additional reporting by Damian Zane


RBI Governor Shaktikanta Das Meets FM Nirmala Sitharaman In Delhi | Economy News

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RBI Governor Shaktikanta Das Meets FM Nirmala Sitharaman In Delhi | Economy News


New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das met Finance Minister Nirmala Sitharaman at her office in the North Block on Saturday evening. The meeting comes just days before Das’ current term as RBI Governor ends, and a day after the monetary policy meeting. Das has served as the Governor of the RBI for six years and his term is ending on December 10.

The meeting between Das and Sitharaman lasted for about half an hour, sources said. Any possible extension beyond December 10, whether or not, is not known yet. If an extension is granted, Das would become the longest-serving RBI Governor since Benegal Rama Rau, who held the position for 7.5 years, from 1949 to 1957.

Shaktikanta Das, a seasoned bureaucrat, previously served as the Secretary of the Department of Revenue and the Department of Economic Affairs under the Ministry of Finance. He assumed office as the 25th Governor of the RBI on December 12, 2018, with his term extended in 2021.

Before his role as RBI Governor, Das was a Member of the 15th Finance Commission and served as India’s G20 Sherpa. He has over four decades of experience in governance, holding key positions in both the central and state governments across areas such as finance, taxation, industries, and infrastructure.

During his tenure in the Ministry of Finance, Das was closely involved in the preparation of eight Union Budgets. He is a postgraduate from St. Stephen’s College, Delhi University.


Sermon monitoring and pulpit politics

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Sermon monitoring and pulpit politics


It’s Friday, November 29, and almost time for the weekly afternoon prayer. Jumma prayersHaji Lal Mohammed, an elderly man dressed in white kurta-pajama, with a long white beard and a cap, stands outside one of the many shops on the busy road outside Raipur’s Ashraful Aulia Mosque, the largest mosque in Chhattisgarh . All around him in Maudhapara, a predominantly Muslim area in the heart of the state capital, people are rushing to the mosque at the last minute. The residents of Maudhapara are mostly descendants of migrants from Uttar Pradesh.

Mohammed has stopped by to join the conversation about this takreer (Pre-prayer sermon) and a recent order of the State Waqf Board around it. “cover If you have come to do this then listen carefully (If you’ve come to cover this, listen carefully),” he begins, raising his voice just so it doesn’t have to compete with the rumble and static rumble of passing vehicles. takreer Is coming out of the speakers. “Have you heard anything controversial in the last half hour takreerhe says, his voice full of emotion. Mohammad says, “At least in Chhattisgarh, our mosques are not the center of politics that such an order was necessary.”

The order he referred to was issued by the state Waqf Board on November 18. It directs all mosques across the state to submit the content of their Friday sermons to be checked by the board to prevent political comments. order, address Mutawalli (caretakers) and mosque committee officials, stipulate that the imam can raise any religious topic in his Friday sermons. To include any other topic, “permission will be required from Chhattisgarh State Waqf Board.” Permission can be sought through the Board’s WhatsApp group and written correspondence.

waqf rules

State Waqf Board Chairman Salim Raj is firm. He has a relationship spanning over three decades with the Bharatiya Janata Party (BJP) – which currently runs the government at the Center and the state – and the Rashtriya Swayamsevak Sangh (RSS), the BJP’s ideological parent that highlights the issue of Hindutva. . , “Thousands of people who gather in mosques for Friday prayers and sermons are affected. We have seen incidents of stone pelting after such sermons in Jammu and Kashmir, Kerala, Karnataka and Madhya Pradesh. This disturbs communal harmony and we will not tolerate it,” says Raj.

Chhattisgarh is the first state to issue such an order, which comes in the backdrop of the ongoing debate over the Waqf (Amendment) Bill, 2024, introduced in the Lok Sabha by the central government on August 8. The Waqf Council and State Waqf Boards also include non-Muslim members, among other features. Waqf is property donated by Muslims for religious or charitable purposes such as the establishment of mosques, hospitals or educational institutions. Raj says he has seen more than 20 videos of speeches in mosques in which “tyrannical government (The tyrannical government)” in Chhattisgarh in the last five to six months has been motivating them to take such action.

The latest order has faced criticism from the opposition Congress and All India Majlis-e-Ittehadul Muslimeen president Asaduddin Owaisi, who in a post on Twitter called it a violation of religious freedom under Article 25 of the Constitution.

Raj disagrees. “This is not the issue. We have kept Maulanas And the Imam should stay away from it. We have only included Mutawalli Because we have rights over them,” he says. However, only Maulanas Or the Imam is entitled to give religious sermons mutawalli To follow announcements related to the management or maintenance of mosques. Raj says in the video, he found Mutawalli He is giving a speech.

The office of State Waqf Board is in front of Raipur Collectorate. Raj, who took over as Speaker in October following a no-confidence motion against his predecessor, turns the pages of a book titled Waqf Act, 1995Between dealing with visitors and going through files and media reports, he points out provisions related to the power of the Speaker.

“I am not here just to enjoy the powers that be and get my salary. I have a thriving business – a steel plant – and I can make a lot of money,” he says. Raj claims that since taking charge, he has filed 25 FIRs against various staff members for alleged violations, such as misusing funds or not demolishing mosques for not paying money to the board. He claims that this is the first time that a president is using these powers.

There are 3,800-4,000 mosques in Chhattisgarh, but only 355 of them are registered with the board, according to Raj, who says any place where prayers are offered “automatically comes under the purview of the board and hence This order is binding on them.”

establish a narrative

November 29 was the first Friday when the speeches were reviewed. As of the previous day, about 150 mosque committees had sent the proposed content of their speeches to the board; None of them were found to be “insensitive”. However, Ashraful Aulia Mosque was not one of them.

After Friday prayers, 68 year old Ismail Ghafoor… mutawalli The condition of the mosque remains poor since July 2023. “We do not need permission to carry out our regular activities. I have not seen the order, but have come to know about it through the press and I think it is not binding,” he says.

Others also feel that Raj has overstated his point. Salam Rizvi, who was at the helm of the state Waqf Board from 2019 to 2020, says while the law does not permit issuing such an order, the board can issue guidelines from time to time. He says that these guidelines are not binding on mosque management committees.

Ismail Ghafoor, caretaker of Ashraful Aulia Mosque.

Ismail Ghafoor, caretaker of Ashraful Aulia Mosque. , Photo Credit: Special Arrangement

“There is no religious sanction for making any inflammatory speech or dealing with any subject beyond the Quran or Hadith (teachings of the Prophet’s life). The community itself does not like it. There were no prevailing circumstances to issue such an order,” says Rizvi.

In response to Owaisi’s comment on Ax, Chief Minister Vishnudev Sai’s media advisor Pankaj Jha supported the decision and distanced the government from it, saying that the members of the State Waqf Board were appointed by the previous Congress government.

Congress spokesperson Sushil Anand Shukla and Janata Congress Chhattisgarh (J) president Amit Jogi point out that the order should not be seen in isolation and is “the latest chapter in the broader story of targeting of Muslims by the BJP and the RSS.” ,

The order comes days after violence broke out at the royal Jama Masjid in Uttar Pradesh’s Sambhal during a survey to find out whether it was built over a temple. Around the same time, a claim about a temple beneath the shrine of Khwaja Moinuddin Chishti in Ajmer, Rajasthan, surfaced, with a local court giving time to the Sufi dargah management to respond.

“There is definitely a common national thread, whether it is the issue of Waqf or the issue of ‘ghuspaithias (Infiltrators)’ which was raised by BJP during our rule (till 2023). If infiltration is taking place, what has the state government done to stop it and is it not a failure of the Centre?” Shukla says.

Muslims constituted 2.01% of the population of Chhattisgarh in the 2011 census. According to data obtained indirectly from a political strategy and consultancy agency, this number was a little over 2.1% at the time of the 2023 assembly elections.

The most widely accepted narrative among historians and researchers studying early Muslim migration to the state identifies three phases: the medieval period when the nobility arrived, whose descendants became landowners in some areas; Sufi saint of the 19th century, evidenced by the religious sites of Raipur and Bilaspur; and traders, including Gujarati traders, who came to exploit forest resources under new contracts during the British occupation.

Post-independence migration was linked to mining and industrialization and the region’s strategic location along the Bombay-Howrah rail and road routes, although these developments attracted people of all religions. The last migration in the last few decades was by workers employed in local enterprises.

These are the same people whom BJP accuses of being ‘infiltrators’. Last September, ahead of the assembly elections, BJP MP Brijmohan Aggarwal had alleged that the previous Bhupesh Baghel government talked about Chhattisgarhia pride but was “responsible for the settlement of Rohingya and Bangladeshi Muslims in the state”.

a widening chasm

Politically, Muslims influence a handful of urban seats in the state assembly. One of them is Raipur South where by-elections were held recently, which the BJP won.

Jogi alleges that BJP instigates sentiments in these areas. He cites the example of the 2021 Kawardha communal violence when two communities had a dispute over hoisting of saffron and green flags; And the Bemetara incident of 2023 when a clash between two teenagers escalated.

In the subsequent assembly elections, the father of the Hindu youth who was killed in Saja assembly constituency of Bemetara contested as a BJP candidate and won. Mohammad Akbar, the only Muslim MLA and minister in the previous regime, also lost from Kawardha in the elections. Akbar attributed his defeat to alleged misinformation that Rohingyas were settling in Kawardha. He challenged the BJP to prove the presence of even a single Rohingya.

“Till a few years ago, such things were unheard of in Chhattisgarh. Controversial statements about Akbar were made by Assam Chief Minister Himanta Biswa Sarma. The state Waqf Board order is in line with this policy,” says Jogi.

Jogi, like some sections within the Congress, accuses the previous party-led government of “promoting soft Hindutva” and points out that even after losing the election, the Congress “deliberately kept Akbar out of the Lok Sabha election campaign in Rajnandgaon”. kept”. Where Baghel unsuccessfully contested the elections.

“Muslims face isolation and do not see anyone raising their voice for them,” says a Congress source.

Home Minister Vijay Sharma and BJP state leadership did not react on this. Hindu’s Question on issue.

Meanwhile, according to the RSS website, Rizvi, the former co-convenor of the RSS’s Muslim Rashtriya Manch, formed to “bridge the growing gap between the Hindu and Muslim communities in India”, says the RSS is not against Muslims. “I joined the BJP in 1991 and faced opposition from the community as well as my family, but I continued with conviction,” he says. The following year, an extremist Hindu mob lynched him. Babri Masjid was destroyed in Ayodhya.

Minutes after the noise of Friday prayers at the Ashraful Aulia Mosque subsides, Syed Roshan Ali, 36, a seller of second-hand vehicles, walks to the graveyard behind the mosque to pay homage to his ancestors. As he passes through the crowd, he buys rose petals.

Against the scent of flowers filling the air sweetly, Ali says sharply, “No controversial thing has ever been said from this mosque, but I can share videos of controversial things said about Muslims from other places Am.” Is anyone taking action against him?”


Israel’s attacks on Kamal Adwan Hospital and Nuseirat home in northern Gaza | Gaza News

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Israel’s attacks on Kamal Adwan Hospital and Nuseirat home in northern Gaza | Gaza News


The strike comes as Gaza’s health system is collapsing amid repeated attacks by the Israeli military.

Israel killed at least 26 people and injured more than 60 – including children and women – in an air strike on a home in the Nuseirat refugee camp, in the central Gaza Strip, according to Al-Awda Hospital.

The raid took place in the early evening on Friday and “damaged multiple neighbouring houses”, civil defence agency spokesman Mahmoud Basal told the AFP news agency.

Israel’s military carried out several deadly attacks over the past day as it laid siege to the Kamal Adwan Hospital in Beit Lahiya and the surrounding area in northern Gaza.

One such attack – caught on video in a clip authenticated by Al Jazeera’s Sanad verification unit – involved Israeli forces opening fire on a Palestine Red Crescent Society ambulance.

Attacking a hospital

On Friday, Israeli forces killed about 30 people when they stormed the Kamal Adwan Hospital under cover of heavy artillery fire and air attacks, according to Dr Eid Sabbah, director of nursing at the hospital.

“People that we didn’t know were sent inside the hospital wearing different uniforms and equipped with weapons and speakers,” Sabbah said.

“They sent a message to [hospital director] Dr Hussam Abu Safia and his colleagues… to evacuate the hospital, including patients and medical staff. They asked them to evacuate towards the tanks,” he said.

“This operation led to the killing of 30 people inside the hospital including four staff members. They were targeted and killed.”

Witness accounts also suggest the Israeli army used drones to target Palestinians inside the hospital.

Medical facilities, their staff and vehicles are protected under the Geneva Convention.

Trapping frightened people

Norwegian doctor Mads Gilbert, who worked extensively as an emergency surgeon across Gaza, said he believed the Israeli military is using the medical facility as a “trap”.

“This has been repeatedly happening. Israeli forces … attack the surroundings, then when people run to the hospital for help they attack the hospital,” Gilbert said.

“It seems therefore that the Israeli military is using Kamal Adwan as a trap to apprehend or kill those it wants to.”

On Friday, the Palestinian Health Ministry in Gaza accused the Israeli military of committing a war crime in Kamal Adwan.

The World Health Organization said Israeli forces had bombed the facility apparently without warning its staff.

To justify its actions, Israel claims Hamas fighters are using civilian buildings, including hospitals and schools, for operational cover throughout the 14-month Gaza war.

Hamas has denied this, accusing Israel of indiscriminate bombings and assaults.

The Palestinian Health Ministry said the three main hospitals in the north of the enclave are barely functioning and have been under repeated attack since Israel sent tanks into Beit Lahiya and nearby Beit Hanoon and Jabalia in October.


SBI forecasts GDP growth of 6.3%, lower than RBI’s 6.6% estimate for FY25

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SBI forecasts GDP growth of 6.3%, lower than RBI’s 6.6% estimate for FY25


Dec 07, 2024 01:48 PM IST

India’s economy grew at 5.4% in the July-September quarter of FY25, the lowest growth in seven quarters.

The State Bank of India (SBI) has projected India’s gross domestic product (GDP) would grow at 6.3% during the ongoing fiscal year (FY25), lower than the Reserve Bank of India’s (RBI) estimate of 6.6%, revised from the earlier 7.2%.

India's GDP grew at 5.4% in the July-September quarter of FY25, the lowest in seven quarters (Representational Image)
India’s GDP grew at 5.4% in the July-September quarter of FY25, the lowest in seven quarters (Representational Image)

The SBI said, “We believe that GDP growth for FY25 will be lower than the RBI estimate and we are pegging it at 6.3%. ”

On Friday, RBI Governor Shaktikanta Das announced the central bank’s revised projection for GDP growth. This came after the country’s economy grew at 5.4% in the July-September quarter of FY25, with this being the lowest growth in seven quarters.

This also marked the first instance in five years of the RBI initially revising its growth estimate upward – from 7% to 7.2% in this case – only to lower it later. Though such adjustments were common in earlier years, these followed a consistent pattern of downward revisions.

However, the SBI noted that a downward projection was “nothing new.”

Its analysis stated, “Such a downward revision is nothing new as in FY22 and 23, the forecasts were downgraded on an average by 90 basis points (bps).”

Meanwhile, on the RBI’s move to cut the Cash Reserve Ratio (CRR) by 50 bps to 4%, the SBI said it expected a “positive but modest” impact on banks’ net interest margins.

“While the CRR reduction may not directly impact deposit or lending rates, it could positively affect banks’ net interest margins by a modest 3-4 bps,” as per the largest private sector lender.

The CRR will be reduced in two phases, at 25 bps in each stage. The cuts will become effective on December 14 and 28 and the move is expected to inject ₹1.16 lakh crore into the banking system.

(With ANI inputs)

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More than 150 rescued from Mpumalanga gold mine

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More than 150 rescued from Mpumalanga gold mine


More than 150 illegal miners have been rescued from an abandoned mine in South Africa’s eastern Mpumalanga province.

Police say three bodies were recovered earlier this week on the first day of the rescue operation.

Most of those rescued, reportedly foreign nationals, claim they were forced underground against their will to search for gold.

A police spokesperson confirmed the miners have been arrested, and investigations are continuing into illegal mining activities in the region.

Days earlier, the national police head Fannie Masemola also confirmed officers were investigating “allegations of human trafficking and forced labour in these mining operations by those who have resurfaced”.

On Friday night, the final miner to emerge from the disused shaft blew a whistle as he was received by army officers.

He appeared exhausted but could not hide his relief after surfacing.

A police spokesperson confirmed the rescue operation at the Mpumalanga mine is now complete, though investigations will continue before the site is shut down.

Meanwhile, rescue efforts are still under way at another abandoned mine in Stilfontein, south-west of Johannesburg.

Authorities plan to deploy more equipment on Monday to assist with removing those still trapped underground.

Illegal mining is widespread across South Africa, costing the economy millions in lost revenue.

Gen Masemola has described Mpumalanga as a hotspot for such activities.


Foreign investors infuse over Rs 24,000 crore in Indian equity markets in December

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Foreign investors infuse over Rs 24,000 crore in Indian equity markets in December


Foreign investors infuse over Rs 24,000 crore in Indian equity markets in December

NEW DELHI: Foreign investors made a strong comeback and infused Rs 24,453 crore in the Indian equity markets in the first week of the December, according to data from the National Securities Depository Limited (NSDL). The single largest investment came on December 6, with FPIs investing Rs 9,489 crores.
The FPIs investment in the December represents a complete shift from the previous two months, when foreign investors were net sellers. The substantial capital inflow indicates increasing confidence in India’s economic prospects.
“FIIs turning buyers in early December, in total reversal of their sustained selling strategy during the last two months, has altered the market sentiments. In October the total FIIs selling through exchanges was Rs 113858 crores. In November the amount declined to Rs 39315 crores. Including the purchases through the primary market, the total FIIs buying through 6th December stand at Rs 24453 crores (Source NSDL). This is a clear change in FII strategy in India. It can be argued that the stage of relentless FII selling is over” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Meanwhile, NSDL data shows FPIs sold equities worth Rs 21,612 crore in November, showing reduced selling compared to Rs 94,017 crore in October.
Earlier during June to September, FPIs invested Rs 26,565 crore, Rs 32,365 crore, Rs 7,320 crore, and Rs 57,724 crore respectively.




Top 10 trendy and stylish handbags for women: Effortlessly carry your essentials in style | Fashion Trends

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Top 10 trendy and stylish handbags for women: Effortlessly carry your essentials in style | Fashion Trends


Don’t think handbags are just accessories or items that you can stuff your things with. A perfect handbag is something test stylish, and functional and adds an extra flair to your outfit. Whether you’re just going to pick a grocery or going to the office, outing with your friends or family or picking up your kids from school, a good handbag can elevate your complete look while also having all the necessary things you need. As people say, your handbag should reflect you and you never know when someone asks you to show what’s in your bag.

If this has made you want to purchase a handbag for yourself, need not worry. Myntra has an amazing handbag collection and they’re also running some rainy discount offers on them. And guess what? We have made your life easy, we have selected the ten best handbags that suit all different occasions and are loved by others. All these bags are under ₹3000. So, have a look at these amazing picks for you and enjoy a new handbag in your wardrobe in a couple of days.

Top 10 trendy and stylish handbags for women
Top 10 trendy and stylish handbags for women

Also read: 10 Winter party outfits for girls – Glamorous looks to stay warm and chic

10 Trendy and affordable handbags for every occasion

This Textured Structured Shoulder Bag by Fastrack is a perfect example of a fashionable and utility provider. It is made from rich premium material and features a chic constructed style adding value to your ensemble. The textured finish makes it even more sophisticated and adds that one extra layer of premiumness. The black colour and textured pattern can elevate any of your look, and make it your go-to office and outdoor bag. This handbag can be carried with any formal dress, and will also go great with casual tops and jeans. Also, no hassle to hold things in your hand, because it’s extra pockets, you can stuff everything without losing them. If you’re office girly or need to travel a lot, this is a must-pick for you and is priced very reasonably.

Fabric: Made from high-quality PU leather to give a smooth appeal.

Colour options: Black, Tan brown, and White

Pros  Cons 
Durable material, so no easy damage  No pocket outside to have easy access 
Quite spacious to keep all extra things  Not convenient to carry at all times 

This floral print bag by Lino Perros is a must-have for any floral print and tropical lover. This is a piece which will brighten your bag wardrobe and secure a special place on the shelf and memories. With the bright pattern on the black bag, it can be paired anywhere, be it a college fest a morning outing with friends or a night party. This handbag screams sophistication, style and luxury. Made of premium quality Synthetic Leather material, it’s not just pretty but also durable for longer use. The compartments inside the bag allow things to be kept organised and in place, making no mess when you’re on the lookout for something. It’s chic, feminine and a must-have for all the fashion girly who love dressing up.

Fabric: High-quality synthetic leather to give a glossy finish

Colour options: White with pink tropical work.

Pros  Cons 
Floral print makes it look attractive No extra pockets for extra stuff
Different compartments inside to keep stuff organised  Bold floral print can be extra for some people

The beige textures shoulder bag by Lavie Lily is a classic accessory that will give an added luxury touch to any outfit. The shoulder bag has a textured surface and comes in a very creamy colour tone, ideal for any outfit. This shoulder bag can be easily cleaned with a wipe cloth and therefore can last for a long period. It can be carried to the office, or for a weekend outing as it can store everything that you need, be it one extra pair of clothes or files to carry. The structured pattern elevates any given look, it can not only be your travel assistance but also be taken to malls to avoid paying for extra carry bags. And the other additional advantage of this bag is that it comes with an outdoor pocket, easy to keep your phone or easy to access stuff. So, if you’re the one who always travels with extra stuff, go ahead and buy it.

Fabric: Synthetic leather with a soft textured finish.

Colour options: Beige, Grey and Red

Pros  Cons 
Can be used for multi-purpose The light colour needs regular cleaning
Pocket outside to have easy access  No extra pockets inside to keep things organised 

The Cream-Coloured Shoulder Bag by MIRAGGIO adds a touch of softness and refinement to your handbag collection. The beautiful handbag mixed with the softly gathered design gives an elegant look that can be matched with casual as well as formal outfits. It’s spacious inside which can keep all your daily stuff. The sturdy yet stylish beige and golden bagstrap add that extra touch. This can be a perfect pair for your summery dresses, and formal wear as well can be worn with sarees and suits in a festive gathering.

Fabric: Faux leather adds the softness

Colour options: Cream, Pink, Brown and Blue

Pros  Cons 
Soft for your skin contact Light colour, will be dirty soon
Light-weight, easy to roam around Not spacious 

Made from PU leather, this rich brown Shoulder bag by DressBerry can blend easily with casual and more formal outfits. It’s sleek, simple and highly versatile for everyday styling. This bag is perfect for the office as well as can be taken on road trips. The spacious interior can accommodate all of the essentials and is ideal for an organised look. The sturdy shoulder straps make it very comfortable to wear, even for long hours. Since it’s brown, it will complement denim, dresses, and even office wear perfectly.

Fabric: Durable PU leather for long-term use

Colour options: Orange and Brown

Pros  Cons 
Super spacious with 4 internal pockets  Big in size, so inconvenient for public transport
Brown colour, so won’t be dirty sooner Can’t be paired with dresses 

Elevate your personal style with the THESTO PU Structured Shoulder Bag with Tasselled. The defined shape gives it that mature, sophisticated look, while tassels add a rebellious touch. The premium PU leather construction is extremely durable, and the interior of the bag is so roomy that there’s just enough space for anything you would like to carry daily. From work to meeting friends, this bag helps you complement your outfit very well. It’s a great, trendy item that’s perfect even on casual or semi-formal occasions because of the tassel detail it has.

Fabric: PU leather with tasselled surfacing

Colour options: Brown, Red and Black

Pros  Cons 
Great button detailing  No internal pockets
Sturdy and structured, can be worn anywhere The tassels can be stuck to dresses

This Half Moon Hobo Bag by Nestasia captures the very essence of style with functionality in an easy way. Its unique half-moon shape creates an altogether different silhouette, thereby giving it a modern and trendy look. Hobo styles are spacious, allowing the storage of all your essentials within the bag in a rather cosy way. The soft yet pretty sturdy material used ensures comfort and durability. The adjustable shoulder strap facilitates the constant carrying of this bag throughout the day. With its unique shape and stylish appeal, the Nestasia Half Moon Hobo Bag will certainly be at the top of your list.

Fabric: Synthetic PU leather that can be easily wiped

Colour options: White, Brown, Grey, Peach, Beige, Purple and Black

Pros  Cons 
Comes in amazing colour with an extra pocket The shoulder straps are non-adjustable 
Half moon design is unique Can’t be worn on all occasions 

The Quilted Textured Structured Shoulder Bag by MINI WESST is not only elegant but also super functional. Made from a premium material with a quilted texture, this bag oozes sophistication. Its spacious interior is perfect for carrying all your essentials to work and travel. A subtle touch in a quilted pattern makes it look luxurious, making it ideal for every business and travel person. This bag because of its pastel colour can also be worn to girls’ day out and picnics with family. If you love quilted work, this is a must have for you.

Fabric: PU leather with quilt to give it an elegant look and long-lasting

Colour options: Light Green, Dark Green, Grey and Yellow

Pros  Cons 
Durable and long-lasting  Can’t be styled with everything 
Chich design with golden detailing  The material can be spoiled soon 

The Laptop Shoulder Bag Allen Solly is ideal for office-going women because of its large and spacious size. Designed to be a professional bag, it has enough space to carry your laptop and other essentials with a very modern and sleek touch. The multiple compartments inside keep everything organised and in place, making no fuss at the time of reaching out. The high-quality PU material can be easily cleaned with a wet wipe or tissue making it last long. This adds a pop of colour to any outfit making this eye-catching and noticeable. Perfect for office use, casual outings, travel journeys as well as for shopping visits.

Fabric: High-quality synthetic material for durability

Colour options: For this design, only yellow colour is available

Pros  Cons 
The sturdy shoulder strap makes it easy to carry Limited colour options
Compartment lets you be Organised  Not convenient for older women

Get this statement Swagger Handheld Bag from the Max, wherein you can carry all your daily essentials with convenience. It has a sturdy handle to carry with much comfort, and the rich texture gives a luxurious look to it. You may even wear it with a formal outing, date night, business trip or even while travelling to another place.. It can easily accompany any clothing item, making it great to use for casual as well as formal occasions. This handbag is designed similarly to a high-rise brand design but makes it more affordable. So, if you like a timeless brown bag, this Max Women Textured Swagger Handheld Bag is what you need to buy.

Fabric: Premium PU Material for durability and longevity

Colour options: Grey and brown

Pros  Cons 
Timeless and classy design Handles can cause inconvenience 
Perfect for all occasions A common design owned by many

Also read: 10 Best nude lipsticks for all skin tones: Affordable, long-lasting, & versatile

Conclusion

Women’s handbags are an essential part of the lives of all women as they complement their outfit and offer style and functionality. Whether a woman going to work, or for a simple day out with friends and family, a handbag completes her look and elevates the outfit worn. The latest collection of trendy handbags at Myntra provides every type of handbag, suitable for every woman for their unique needs and personality.

Starting from the Fastrack Textured Structured Shoulder Bag that has a sleek and structured look to the Lino Perros Floral Printed Structured Shoulder Bag that comes with floral prints every bag has precision and unique offering. So, be it work-wear, casual wear, date night or some family gathering that you are looking for, Myntra makes sure that style does not have to be expensive. There are different types of bags that have different materials such as PU leather, cotton blends and textured materials making one get both quality and style. All the handbags are fairly priced and go with the contemporary fashion trend, so they are perfect to complement your handbag collection. Shop Myntra’s smart collection to figure out the handbag of your choice that suits you, your clothes, and your budget and get the best of both worlds – style and utility. So, what are you waiting for?

Also read: Enjoy comfort and style with our top lingerie picks to feel glamorous

FAQs related to stylish Handbags for Women

  • Which handbags are most in demand on Myntra?

    There are multiple bags which are the season’s hot pick, such as structured shoulder bags, moon hobo bags, tote bags, blingy hand clutches, and even handbags with quilted or floral designs.

  • Are these handbags suitable for casual and formal usage?

    Yes, the handbags listed here are versatile and will complement casual and formal wear likewise, making them ideal for any occasion.

  • What are the commonly used materials for these handbags?

    Most of the handbags are made from long-lasting PU leather, fabric, or other kinds of things which will ensure durability and style.

  • Do we have colour options for these handbags on Myntra?

    Yes, indeed, Myntra offers handbags in various colours. These include the basic neutral colours like beige and brown to more trendy shades like black, red, floral print, and metallics.

  • Does Myntra have affordable handbags?

    Absolutely! Myntra offers an array of trendy and stylish handbags at affordable prices, such that everyone can find something based on their budget.

Disclaimer: At Hindustan Times, we help you stay up-to-date with the latest trends and products. Hindustan Times has an affiliate partnership, so we may get a part of the revenue when you make a purchase. We shall not be liable for any claim under applicable laws, including but not limited to the Consumer Protection Act, 2019, with respect to the products. The products listed in this article are in no particular order of priority.


What Is RBI’s MuleHunter.AI Tool That Identifies Bank Frauds? Know How It Works | Economy News

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What Is RBI’s MuleHunter.AI Tool That Identifies Bank Frauds? Know How It Works | Economy News


New Delhi: The Reserve Bank of India has taken steps to combat fraud by introducing the MuleHunter.AI for banks. This technology is designed to identify and eliminate mule accounts—fake accounts often used in fraudulent activities. The RBI revealed that MuleHunter.AI has already shown promising results, successfully detecting and addressing such accounts in two public sector banks.

A mule account is a bank account used by cybercriminals to illegally siphon money. By hiding their identity, anonymous individuals open these accounts and use them to deposit money obtained through scams. Tracing money transfers from these accounts and recovering the funds becomes extremely difficult.

According to data from the National Crime Records Bureau (NCRB), 67.8 per cent of complaints related to cybercrime arise from online financial fraud. In such a scenario, the effective implementation of MuleHunter.AI is crucial to protecting people from bank fraud.

What is a Mule Account?

According to the RBI, a mule account is a bank account used by criminals to illegally transfer stolen money. These accounts are often opened by unsuspecting individuals who are enticed with small payments. Tracking money transfers from these accounts and recovering the stolen funds is extremely challenging.

What is MuleHunter.AI?

According to the Reserve Bank Innovation Hub, the RBI developed MuleHunter.AI after extensive discussions with banks to understand the existing methods and processes for identifying mule accounts. Current systems used to detect such accounts are often time-consuming, leaving many accounts unnoticed. To address this, the RBI collaborated with several banks and analyzed the activity patterns of 19 different types of mule accounts to develop this advanced tool.

How Does MuleHunter.AI Work?

MuleHunter.AI is an in-house AI/ML-based system that outperforms existing methods in identifying suspicious mule accounts. Using advanced machine learning algorithms, the tool analyzes transaction patterns and account-related datasets to quickly and accurately detect mule accounts.

The RBI’s goal in developing this tool is to speed up the identification of fraudulent accounts, as financial fraud is increasing in both complexity and volume. The key to tackling such fraud lies in tracing where the money ultimately goes. With this new technology, banks can detect mule accounts faster and with greater precision, making the system more effective in combating fraud.