Author: anglo
In a remarkable display of dedication, a Zomato delivery agent in Mumbai was recently spotted walking through heavy rain to deliver an order after his bike broke down. This incident has garnered widespread attention on social media, highlighting the commitment of food delivery workers who often face challenging conditions to ensure timely service. Source:- news 18 The agent, identified as Ravi, was on his regular delivery route when his bike encountered mechanical issues during a torrential downpour. Rather than cancel the order or return to the restaurant, he chose to continue with the delivery on foot. Wearing a raincoat and…
The Asian Development Bank (ADB) has maintained its growth forecast for India at a robust 7% for the fiscal year 2024. This outlook reflects the country’s strong economic fundamentals, driven primarily by increased government spending and a rebound in the agriculture sector. Source:- bbc news In recent months, the Indian government has significantly ramped up its expenditure, focusing on infrastructure projects and social welfare programs. This surge in spending is expected to stimulate demand, create jobs, and enhance the overall productivity of the economy. The government’s commitment to improving infrastructure, including transport, energy, and urban development, is anticipated to further…
Hyundai Motor India’s upcoming IPO is expected to command a premium over Maruti Suzuki due to several key factors. Hyundai has maintained a stable market share of 15-17% since 2008, while Maruti Suzuki’s market share has been gradually declining. In 2023, Hyundai achieved record domestic sales of 602,000 units, driven by its strong SUV lineup, including the Creta, Venue, and Exter models Source:- -bbc news Nomura India suggests Hyundai deserves a valuation premium, highlighting its consistent performance, future prospects in electric vehicles (EVs), and hybrid technology. Hyundai is also leveraging its acquisition of General Motors’ plant in Maharashtra to produce…
As the Jammu and Kashmir assembly elections of 2024 progress, live updates indicate a notable voter turnout of 54% recorded by 5 PM across the 26 constituencies. This turnout reflects a significant engagement from the electorate, showcasing the residents’ eagerness to participate in shaping their political landscape after years of uncertaintyuncertainty Source:- bbc news Polling began early in the day, with voters lining up at various polling stations to exercise their democratic right. Election officials reported a smooth voting process, with adequate security measures in place to ensure the safety of both voters and polling personnel. The elections mark a…
As ‘Make in India’ celebrates its 10th anniversary, Prime Minister Narendra Modi has lauded the initiative’s significant achievements in transforming the country into a global manufacturing hub. Launched in 2014, the program aimed to foster innovation, enhance skill development, and facilitate investment in various sectors. In his address, Modi emphasized that ‘Make in India’ has not only boosted domestic manufacturing but also positioned India as a competitive player in the global market. Source:- news 18 Highlighting key accomplishments, Modi pointed to the remarkable growth in various industries, including electronics, textiles, and automotive manufacturing. He noted that the initiative has successfully…
Power Minister Khattar has outlined a strategic approach to meet India’s growing energy demands by emphasizing the continued use of thermal power plants until 2035. This decision comes as the country grapples with a rising energy requirement driven by economic growth and population expansion. Khattar stressed that while thermal energy will play a crucial role in ensuring energy security in the near term, the government is equally committed to transitioning towards renewable energy sources to achieve net-zero emissions. Source:- bbc news The minister acknowledged that thermal power, primarily generated from coal, has been a cornerstone of India’s energy mix, providing…
In a passionate address, Rahul Gandhi has vowed to fight for the restoration of Jammu and Kashmir’s statehood, declaring that he will take his campaign to both Parliament and the streets. This commitment comes in the wake of the revocation of J&K’s special status in August 2019, which transformed the region into two Union Territories: Jammu & Kashmir and Ladakh. Source:- news 18 Gandhi emphasized the importance of statehood for the people of Jammu and Kashmir, arguing that it is a crucial step toward restoring democracy and enabling local governance. He criticized the current administration for what he described as…
The Securities and Exchange Board of India (SEBI) has approved Hyundai Motors’ highly anticipated Initial Public Offering (IPO) worth Rs 25,000 crore. This move marks a significant milestone for the South Korean automotive giant, as it prepares to make its debut on the Indian stock exchanges. The IPO, expected to be launched in October, is poised to be one of the largest in recent years, highlighting the growing investor appetite for automotive and technology-driven companies in India. Source:- bbc news Hyundai Motors aims to leverage the proceeds from the IPO to fuel its expansion plans in the Indian market, which…
Dassault Aviation has announced plans to establish a new facility near Noida, India, aimed at bolstering support for its Rafale and Mirage 2000 fighter jets. This strategic move reflects Dassault’s commitment to enhancing its operations in India and strengthening the long-term partnership with the Indian Air Force (IAF). Source:- news 18 The facility will focus on maintenance, repair, and overhaul (MRO) services, significantly reducing turnaround times for the aircraft and improving operational readiness for the IAF. With the Indian Air Force having already inducted several Rafale jets and maintaining a fleet of Mirage 2000s, this facility is expected to provide…
In a significant development in the ongoing tensions between Israel and Hezbollah, Israeli forces have reportedly begun airdropping leaflets over southern Lebanon, warning civilians of the dangers posed by Hezbollah. The leaflets feature a barcode that, according to Hezbollah officials, is being described as “very dangerous.” This barcode is believed to lead to content or directives that Israel claims could aid in targeting Hezbollah’s military infrastructure. Source:- bbc news Hezbollah’s media outlets have reacted strongly, labeling the leaflets as a psychological warfare tactic aimed at instilling fear among the Lebanese population. The organization has urged civilians to disregard the messages,…
Indian exporters are urging the government to extend the current interest subsidy schemes and make duty rebates permanent to bolster their competitiveness in the global market. This plea comes amid rising costs and challenges posed by international trade dynamics, which have been further exacerbated by the ongoing geopolitical tensions and economic fluctuations. Source:- news 18 The interest subsidy, which has provided critical financial relief to exporters, is set to expire soon. Exporters argue that without this support, their ability to compete with countries that offer more favorable financing terms could diminish significantly. They highlight that many of their international counterparts…
The Karnataka High Court’s recent ruling on Siddaramaiah’s plea has stirred significant political discourse in the state. Siddaramaiah, the Chief Minister and leader of the Congress party, sought legal intervention regarding the implementation of several welfare schemes and issues surrounding the recent assembly elections. His plea primarily challenges the decisions made by the Election Commission and questions the fairness of certain electoral processes. Source:- news 18 The ruling is likely to have multifaceted implications for both Siddaramaiah and the Karnataka Congress. If the court sides with Siddaramaiah, it could validate his administration’s initiatives and bolster the party’s standing ahead of…
China has unveiled its most substantial package yet to address the challenges in its property market, a critical part of the country’s economy. The People’s Bank of China (PBoC) introduced a 300 billion yuan ($41 billion) fund to allow state-owned enterprises to purchase unsold homes from developers, converting them into affordable housing. This measure is aimed at reducing the significant overhang of unfinished projects and boosting confidence in the market. Source:- news 18 In addition to this, mortgage rules were relaxed further, with down payment requirements for first-time buyers reduced to 15%, and banks allowed to set their own mortgage…
Janet Jackson has retracted her recent comments regarding Vice President Kamala Harris’s racial identity, which had sparked significant controversy and backlash. Initially, Jackson questioned Harris’s authenticity as a representative of the Black community, leading to widespread discussions on social media about race, identity, and representation in politics. Source:- bbc news In her original statement, Jackson expressed confusion over Harris’s heritage, suggesting that the Vice President’s background might not align with traditional perceptions of Black identity. This remark was met with criticism from many who felt it undermined Harris’s accomplishments and her role as a trailblazer for women of color in…
According to recent data from the Employees’ Provident Fund Organisation (EPFO), fresh formal hiring in India saw a notable increase of 2.5% in July, reaching a total of 1.05 million new registrations. This upward trend highlights a steady recovery in the job market as businesses ramp up their hiring efforts amid improving economic conditions. Source:- news 18 The EPFO data, which tracks the number of subscribers added to the provident fund scheme, reflects a positive sentiment among employers as they seek to expand their workforce. This growth is significant, especially considering the challenges posed by the pandemic in previous years,…
Karnataka Minister has confirmed that the prime suspect in a recent high-profile case has been tracked down in West Bengal. This development comes as part of ongoing efforts by law enforcement to apprehend individuals linked to serious criminal activities that have raised concerns across both states. The minister emphasized the importance of collaboration between state police forces to ensure justice and public safety. Source:- news 18 According to reports, the suspect is wanted in connection with a series of crimes that have not only affected Karnataka but have also drawn attention from authorities in West Bengal. The cooperation between the…
Punjab Chief Minister Mann is expected to reshuffle his cabinet soon, with reports suggesting that four ministers may be removed from their positions. This anticipated change comes as part of a broader strategy to enhance governance and address ongoing challenges within the state. Sources indicate that the Chief Minister aims to streamline his team, focusing on improving efficiency and public service delivery. The cabinet reshuffle could reflect Mann’s efforts to rejuvenate his administration and respond to the demands of constituents who have expressed concerns over various issues. Source:- news 18 In a related political development, Rahul Gandhi is set to…
A farmer’s son from Rajasthan, Nehal Shah, is set to launch an Initial Public Offering (IPO) worth ₹340 crore this week. Shah, who hails from a modest background, has built his business from the ground up, focusing on industrial solutions. The IPO will be primarily used to expand his company’s manufacturing capacity and reduce existing debt. Shah’s journey from a rural upbringing to becoming an entrepreneur has been an inspiration, highlighting his hard work and dedication. Source:- news 18 The IPO will include a fresh issue of shares amounting to ₹240 crore, while ₹100 crore will be offered for sale…
Ranil Wickremesinghe delivered an emotional farewell address as he stepped down from the presidency of Sri Lanka, marking the end of a tumultuous chapter in the nation’s history. In a heartfelt message, he reflected on his journey, the challenges faced, and the sacrifices made for the country amidst a severe economic crisis that has deeply affected the lives of millions. Source:- bbc news Wickremesinghe, who assumed the presidency in July 2022 during a time of unprecedented unrest, expressed gratitude to the citizens for their resilience and support. He acknowledged the difficulties faced by families struggling with soaring inflation, food shortages,…
Anura Kumara Dissanayake, a prominent Marxist leader and the current leader of the Janatha Vimukthi Peramuna (JVP), has been elected as the new President of Sri Lanka. Dissanayake’s rise to the presidency marks a significant shift in the country’s political landscape, as he is known for his left-wing, socialist ideology and staunch opposition to corruption and mismanagement in governance. Source:- bbc news Dissanayake’s political career spans decades, during which he has been a vocal critic of the established political elite. His leadership of the JVP, a party with revolutionary Marxist roots, has focused on addressing systemic inequality, advocating for the…
The ninth round of negotiations between India and the European Union (EU) on a Free Trade Agreement (FTA) is set to focus on addressing key issues, including duty relief on textile products. This ongoing FTA negotiation, part of the broader India-EU Bilateral Trade and Investment Agreement (BTIA), seeks to reduce or eliminate tariffs on several products, including textiles, a significant export item for India. Source:- bbc news Textiles and garments have long been vital to India’s economy, contributing significantly to its export revenue. However, Indian textile exporters face stiff competition from countries with preferential trade agreements with the EU, such…
Vodafone Idea (Vi), the debt-ridden Indian telecom operator, has signed a significant $3.6 billion network equipment deal with global telecom giants Nokia, Ericsson, and Samsung. This agreement is a critical step for the financially troubled company as it seeks to upgrade its network infrastructure and compete with rivals like Reliance Jio and Bharti Airtel, especially in the expanding 5G market. Source:- bbc news The deal involves the procurement of advanced 5G network gear and technology solutions from these major vendors to bolster Vi’s existing telecom infrastructure. By partnering with Nokia and Ericsson, who are long-standing players in the Indian telecom…
Kangana Ranaut recently criticized the Congress-led government in Himachal Pradesh, accusing it of taking loans and diverting funds to Sonia Gandhi. During a BJP membership drive, she claimed that the state’s financial crisis is exacerbated by corruption and mismanagement under Chief Minister Sukhvinder Singh Sukhu’s leadership. Ranaut stated that funds intended for disaster relief are allegedly funneled into what she called the “Sonia Relief Fund,” contributing to the state’s financial instability. Source:- bbc news She also expressed concern over the state’s worsening situation, citing delays in salaries and pensions, and the removal of free electricity and water benefits. Source:- news…
China’s former “beautiful governor,” known for her striking looks and controversial affairs, has recently been arrested, igniting widespread media attention. Renowned for her charm and charisma, she served as the governor of a significant province, where her governance style and relationships garnered both admiration and criticism. Source:- bbc news Allegations of multiple affairs with subordinates have plagued her career, raising questions about ethics and integrity in government positions. Reports suggest that her romantic entanglements influenced hiring practices and decision-making, leading to accusations of favoritism and abuse of power. The scandal drew comparisons to other high-profile cases in Chinese politics, where…
Emerging-market assets have experienced a significant boost this week, driven by a wave of global stimulus measures aimed at revitalizing economic growth. Central banks in various countries have implemented policies to support their economies, responding to ongoing challenges such as inflation and geopolitical tensions. Source:-news 18 One of the most notable actions came from the Federal Reserve, which signaled a more dovish stance on interest rates. This shift in policy is seen as a signal to maintain accommodative monetary conditions, benefiting riskier assets, including those in emerging markets. Investors are increasingly drawn to these assets, attracted by their potential for…
The political landscape in Jammu and Kashmir (J&K) has been notably influenced by the ongoing faultlines between various factions. The Bharatiya Janata Party (BJP) is strategically leveraging separatist sentiments in the Valley to bolster its presence and influence in the Jammu region. Recent separatist bids, which have garnered attention and sparked debate, present an opportunity for the BJP to position itself as a unifying force against perceived threats to national integrity. Source:- bbc news In the Valley, separatist movements continue to challenge the Indian state, often supported by local sentiments advocating for greater autonomy or even independence. These movements, while…
The Aam Aadmi Party (AAP) has made a strategic decision to nominate Atishi Marlena, a young and articulate leader, as a candidate in the upcoming elections. This choice reflects the party’s aim to rejuvenate its image and connect with a broader, younger electorate. Atishi’s background as an educator and her previous roles in the Delhi government showcase her commitment to public service and reform. Source:- news 18 Atishi’s fresh perspective resonates with voters who are increasingly looking for representatives who embody progressive values and demonstrate a genuine understanding of contemporary issues. Her articulate communication skills enable her to effectively convey…
India is set to retaliate against the European Union’s (EU) steel tariffs, claiming losses amounting to $4 billion. The EU imposed these tariffs in an effort to protect its own steel industry from surges in imports. However, India argues that the move has adversely impacted its steel exports, which have faced steep declines as a result of the new duties. Source:- bbc news The Indian government is reportedly exploring multiple avenues for retaliation, including taking the issue to the World Trade Organization (WTO) and imposing reciprocal tariffs on European goods. These measures are intended to offset the losses Indian steel…
The controversy surrounding the famous Tirupati laddoo took a new turn as the ghee supplier firmly denied allegations of adulteration with animal fat. This dispute emerged after a political party, the Telugu Desam Party (TDP), questioned the quality of ghee used in the preparation of the laddoos, which are offered at the Tirumala Tirupati Devasthanams (TTD) temple. The TDP claimed that pure ghee, priced at Rs 320 per kg, is not being used, raising concerns over the sanctity of the revered prasadam Source:- news 18 The ghee supplier responded by asserting that all their products meet the highest quality standards…
Israel has launched airstrikes on targets in Lebanon in response to escalating tensions and cross-border attacks from militant groups. This military action comes amid a backdrop of heightened conflict in the region, following a series of rocket attacks aimed at northern Israel. The Israeli Defense Forces (IDF) stated that the strikes were intended to deter further aggression and protect its citizens. Source:- bbc news In the wake of these developments, both the United States and the United Kingdom have urged restraint from all parties involved. The US State Department expressed concern over the rising violence and emphasized the need for…
Adani Ports and Special Economic Zone Ltd. has reaffirmed its strong volume guidance for fiscal year 2025, despite challenges posed by a recent worker strike that impacted operations in the first half of the year. The company reported that, while the strike temporarily disrupted cargo handling and logistics, it has taken measures to mitigate the effects and ensure business continuity. Source:- news 18 In a statement, Adani Ports emphasized its commitment to maintaining operational efficiency and meeting its volume targets. The management outlined that the strike, initiated by workers demanding better wages and working conditions, was resolved through negotiations, and…
Union Home Minister Amit Shah’s recent visit to Jharkhand marks a significant move by the Bharatiya Janata Party (BJP) to regain its foothold in the state. With assembly elections on the horizon, Shah’s visit is part of a broader strategy to energize party workers and strengthen the BJP’s presence in a region where it has faced challenges in recent year Source:- bbc news During his visit, Shah emphasized the party’s commitment to development and good governance, highlighting the central government’s initiatives aimed at uplifting marginalized communities. He reiterated that the BJP’s policies have significantly benefited the state, focusing on infrastructure…
According to a report by S&P Global, India’s gross domestic product (GDP) is projected to double to $7 trillion by FY30-31, positioning the country as the third-largest economy globally, trailing only the U.S. and China. This growth trajectory is fueled by key structural reforms, advancements in technology, and robust domestic consumption. By 2030, India is expected to contribute approximately 15% of global growth, making it a critical driver of the world economy. Source:- -BBC news Several factors underlie this rapid expansion. One of the primary contributors is India’s young and growing population, which continues to provide a strong workforce and…
A former CIA officer has been sentenced to 30 years in prison following his conviction for drugging and sexually abusing multiple women. The case has shocked many, given the defendant’s background in intelligence, which raised serious questions about trust and security. Source:- bbc news The convictions stem from a series of incidents where the former officer was found guilty of using drugs to incapacitate his victims before sexually assaulting them. The court heard harrowing testimonies from the survivors, detailing the abuse and its long-lasting impact on their lives. The gravity of the crimes led to a severe sentence, reflecting the…
According to a recent forecast by Standard & Poor’s (S&P), India is set to become the world’s third-largest economy by the fiscal year 2030-31. This projection reflects India’s robust economic growth trajectory and its potential to surpass major economies in terms of nominal GDPGDP Source:- news 18 S&P’s analysis highlights several factors contributing to India’s expected rise. The country’s large and youthful population is seen as a significant driver of economic expansion. With a burgeoning middle class and increasing consumer spending, India’s domestic market is poised for substantial growth. Additionally, ongoing reforms aimed at enhancing the business environment and infrastructure…
The Financial Action Task Force (FATF) has issued a warning about the diverse and evolving terror threats facing India, highlighting concerns related to groups like ISIS and Al Qaeda. According to the FATF, India is encountering a range of threats from these groups, each with distinct methods and objectives that complicate the nation’s counter-terrorism efforts. Source:- news 18 The FATF’s report underscores that ISIS, known for its extremist ideology and violent tactics, remains a significant threat. The group has been linked to various attacks and recruitment activities within India, drawing attention to its capability to inspire and mobilize local operatives.…
In a recent development, Indian Home Minister Amit Shah has criticized Pakistan’s support for the Congress-National Conference (NC) stance on Article 370, calling it a reflection of shared intentions and agendas. This reaction came in response to a statement by a Pakistani minister who expressed solidarity with the Congress-NC position regarding the special status of Jammu and Kashmir Source:- bbc news Article 370, which granted special autonomy to Jammu and Kashmir, was abrogated by the Indian government in August 2019. This move was highly controversial and remains a significant point of contention in Indian politics. The Congress and NC, both…
U.S. stocks dipped despite the Federal Reserve’s larger-than-expected interest rate cut aimed at mitigating the economic slowdown. The Fed slashed rates by 0.75 percentage points, a move designed to stimulate borrowing and investment amid concerns about inflation and slower growth. While markets initially responded positively, the gains quickly reversed, signaling investor skepticism over the long-term effectiveness of the policy. Source:- news 18 The central bank’s aggressive rate cut, the largest since the financial crisis, highlights the delicate balancing act the Fed faces. With inflation still elevated, the Fed must manage both the risk of slowing the economy too much while…
The Union Cabinet is scheduled to convene for a critical meeting as the Supreme Court prepares to hear a plea regarding the controversial issue of ‘bulldozer justice.’ This high-profile case has stirred significant public and legal debate, and the outcomes of both the Cabinet meeting and the Supreme Court hearing could have far-reaching implications. Source:- news 18 The term ‘bulldozer justice’ refers to the use of heavy machinery, such as bulldozers, to demolish properties, often in the context of punitive actions against alleged offenders. Critics argue that such measures, frequently employed in the name of justice, bypass due process and…
In a significant development, the interim government of Bangladesh has granted magisterial powers to the Army for a period of two months. This decision aims to bolster security and maintain public order amid growing concerns over political stability and civil unrest. The move comes in the wake of escalating tensions and unrest associated with the country’s ongoing political climate. The interim administration, facing pressure from various quarters, has decided to empower the Army with magisterial authority to address issues related to law and order effectively. This decision is expected to enhance the Army’s ability to enforce regulations, manage crowds, and…
A case of Mpox infection has been confirmed in a man undergoing treatment in Malappuram, Kerala. The patient, who had been receiving medical care at a local hospital, tested positive for Mpox, a viral disease previously known as monkeypox. This case has drawn attention due to the rarity of Mpox infections in India, and health authorities are taking proactive measures to manage the situation. Source:- bbc news Mpox is caused by the Mpox virus, which is part of the same family of viruses as smallpox. It primarily spreads through close contact with infected individuals or contaminated materials, and can present…
The economy of West Bengal has struggled with persistent challenges over the past several decades, according to a recent paper by the Economic Advisory Council to the Prime Minister (EAC-PM). This paper highlights several key issues contributing to the state’s economic underperformance. Source:-bbc news One major concern is the stagnation in industrial growth. West Bengal, once a prominent industrial hub, has seen a decline in industrial output and investment. Factors such as outdated infrastructure, bureaucratic hurdles, and labor issues have deterred both domestic and foreign investments. This stagnation has led to a lack of job creation and limited economic diversification,…
India’s goods exports declined by 9% in August 2024, largely driven by a drop in petroleum product shipments. The slowdown in global demand and volatility in crude oil prices have significantly impacted petroleum exports, one of India’s key export segments. The overall exports fell to $33 billion in August compared to $36.3 billion during the same period last year. Source:- news 18 The decline in exports was further exacerbated by subdued performance in other major sectors like gems and jewelry, textiles, and engineering goods, which have been affected by weakened demand in major global markets such as the United States…
Prime Minister Narendra Modi is scheduled to visit the United States from September 21 to 23, 2024, for a significant diplomatic trip aimed at strengthening bilateral and multilateral relations. This visit follows his earlier trip in June, during which he engaged in high-level discussions with U.S. President Joe Biden and addressed the U.S. Congress. The upcoming visit will focus on key geopolitical and strategic issues, with PM Modi set to attend the Quad Leaders’ Summit during his stay. Source:- news 18 The Quadrilateral Security Dialogue (Quad), which includes the U.S., India, Japan, and Australia, has become a crucial platform for…
JD Vance, U.S. Senator from Ohio, recently called for Democrats to “tone down the rhetoric” regarding former President Donald Trump. In a statement, Vance criticized what he perceives as overly aggressive political discourse from the Democratic side. He suggested that such rhetoric could be fueling division and tension in American politics. Source:- bbc news Vance’s comments came amid ongoing discussions about the political climate and the intense scrutiny surrounding Trump. He specifically pointed out that while Trump has faced significant legal and political challenges, Democrats should be cautious in their criticisms. Vance argued that the current level of political animosity…
The US Federal Reserve’s anticipated decision to cut interest rates by 25 basis points (bps) could have notable implications for global financial markets, including the Indian stock market. This potential rate cut, aimed at stimulating the US economy amid ongoing uncertainties, is expected to lead to a temporary rally in emerging markets like India. Source:- news 18 A rate reduction by the Federal Reserve generally lowers borrowing costs, increases liquidity, and boosts investor sentiment. For the Indian market, this could translate into a short-term surge in stock prices as global investors seek higher returns from emerging markets. Historically, rate cuts…
Arvind Kejriwal’s resignation as Delhi Chief Minister has set the stage for Atishi, a prominent leader from the Aam Aadmi Party (AAP), to take over the role. This significant political development marks a pivotal moment for Delhi’s governance, with potential implications for both local and national politics. Political Context: Kejriwal’s resignation comes after a notable tenure marked by major policy initiatives such as the Mohalla Clinics, improved education standards, and a push for enhanced public transport. His departure has raised questions about the future direction of the Delhi government and the impact on AAP’s political strategy. Source:- bbc news Transition…
PN Gadgil and Sons made an impressive debut on the stock market, with shares listing at a 74% premium to their issue price. The company, a well-known player in the jewelry sector, had set the initial public offering (IPO) price at ₹301 per share, but the stock opened at ₹525 on its first trading day, signaling robust investor interest. Source:- news 18 The strong listing reflects both the company’s solid brand reputation and the growing demand for gold and jewelry in India. PN Gadgil’s heritage, spanning over a century, has cemented its position as a trusted name, particularly in Maharashtra,…
Elon Musk recently deleted a controversial post regarding the assassination of former President Donald Trump, sparking a flurry of media attention. The tweet, which Musk later described as “dangerous,” suggested the potential for harm if Trump’s influence continued. This statement was met with immediate backlash, and Musk’s decision to remove it underscores the sensitivity surrounding high-profile political figures and public statements. Source:- news 18 In a follow-up message, Musk expressed regret and acknowledged the lesson he learned from the incident. He emphasized the importance of considering the impact of public comments and the responsibility that comes with having a large…
The income tax department has intensified scrutiny on businesses and individuals, issuing notices for unexplained expenditure under Section 69C of the Income Tax Act. This section pertains to expenditures that have not been satisfactorily explained by taxpayers, with the burden of proof falling on them to demonstrate the legitimacy of their spending. The trend has sparked concern across industries, as even legitimate business expenses are coming under scrutiny if they lack adequate documentation. Source:- bbc news Companies, especially in sectors with high cash transactions or significant entertainment and marketing expenses, have been hit hard. The notices often require detailed explanations…