Author: anglo
Nirbhaya’s mother, Asha Devi, has strongly criticized West Bengal Chief Minister Mamata Banerjee over her handling of the recent Kolkata doctor rape case. Expressing her deep disappointment and anger, Asha Devi stated that Banerjee has failed to manage the situation effectively, which has led to widespread outrage and protests. According to Asha Devi, the Chief Minister’s response to the incident has been inadequate, and she has called for Banerjee to step down from her position. Source:- news 18 The rape case in question involves a young doctor who was brutally assaulted in Kolkata, sparking a massive public outcry. The incident…
The Karnataka MUDA (Mysuru Urban Development Authority) scam has stirred significant controversy, leading to the Bharatiya Janata Party (BJP) demanding the resignation of Chief Minister Siddaramaiah. The BJP accuses Siddaramaiah and his government of being complicit in the alleged scam, which revolves around irregularities in land allotment by MUDA. The controversy has escalated into a major political issue, with opposition leaders pressing for an independent inquiry into the matter. Source:- news 18 The BJP’s demand for Siddaramaiah’s resignation stems from their belief that the CM, being a former chief of MUDA, has not only failed to prevent the alleged scam…
The opposition in Maharashtra has raised concerns that the Bharatiya Janata Party (BJP) may be strategically delaying certain political decisions ahead of the upcoming assembly polls. Opposition leaders are questioning the BJP’s intentions, suggesting that the party might be waiting for an opportune moment to make critical moves that could sway public opinion in their favor just before the elections. Source:- news 18 The speculation stems from the BJP’s recent political maneuvers and its handling of key issues in the state. Opposition parties, including the Congress and the Nationalist Congress Party (NCP), argue that the BJP is deliberately holding back…
The Indian government has finalized a tender to procure 1,000 Graphics Processing Units (GPUs) under the ambitious IndiaAI Mission, a key initiative aimed at positioning India as a global leader in Artificial Intelligence (AI). This procurement is part of the broader strategy to bolster the country’s AI infrastructure, which includes setting up AI centers of excellence, supporting AI research, and facilitating AI-driven innovations across various sectors. Source:- news 18 The GPUs, known for their parallel processing capabilities, are essential for handling the complex computations required in AI applications, such as machine learning, deep learning, and big data analytics. By acquiring…
In a surprising shift, a prominent ally of Russian President Vladimir Putin has called for an end to the ongoing conflict in Ukraine. This comes as Ukrainian forces reportedly captured a strategically important town from Russian control, marking a significant moment in the conflict that has persisted since February 2022. Source:- news 18 The ally, whose identity has not been disclosed, is said to be a high-ranking figure within the Russian political or military establishment. His call for peace suggests growing unease within the Kremlin’s inner circle about the prolonged nature of the war and its toll on Russia’s military…
The first Assembly election in Jammu and Kashmir (J&K) in over a decade is set to be a critical event, coming after significant political and constitutional changes in the region. The last Assembly election was held in 2014, and since then, J&K has undergone the revocation of its special status under Article 370 and its bifurcation into two Union Territories in August 2019. The upcoming election will test the political realignment and voter sentiments in this new landscape. Source:- news 18 In the recent Lok Sabha elections, the National Conference (NC) emerged as the leading party in the Kashmir Valley,…
India is set to intensify its trade negotiations with key international partners starting next week, as it aims to secure advantageous trade deals amid a rapidly evolving global economic landscape. The Indian government is prioritizing discussions with countries that are strategically important for boosting exports, attracting investments, and fostering economic cooperation. Among the key partners in focus are the United States, the European Union, and several Asian nations, including Japan and South Korea. Source:- news 18 The talks are expected to cover a broad range of issues, including reducing tariffs, enhancing market access for Indian goods and services, and addressing…
Subramanian Swamy, a senior BJP leader and former Rajya Sabha MP, has reignited the controversy surrounding Congress leader Rahul Gandhi’s citizenship by filing a petition in the Delhi High Court. Swamy’s plea challenges Gandhi’s Indian citizenship, a matter that has periodically surfaced in Indian politics. Source:- news 18 Swamy alleges that Rahul Gandhi holds dual citizenship, with the other being British, which, according to Swamy, disqualifies him from holding public office in India. The BJP leader’s arguments are based on purported documents, including those from a UK-based company where Gandhi was listed as a director. Swamy claims that in these…
In a robust surge driven by positive global cues, Indian investors saw significant gains as the Sensex and Nifty indices rallied, adding approximately Rs 4 lakh crore to the market capitalization. This bullish trend highlights the growing optimism in the financial markets amid favorable international developments. Source:- news 18 Sensex, the benchmark index of the Bombay Stock Exchange (BSE), witnessed a substantial uptrend, reflecting strong investor confidence. The index surged by over 1,000 points, driven by broad-based buying across various sectors. Key contributors to this rally included technology, finance, and consumer goods stocks, which saw increased investor interest. The Sensex’s…
In a recent development, West Bengal Chief Minister Mamata Banerjee has urged the Central Bureau of Investigation (CBI) to expedite the resolution of a high-profile rape-murder case involving a doctor. Banerjee has set a deadline for the CBI to close the investigation by Sunday, a move that has sparked significant controversy. Source:- news 18 The case, which involves the rape and murder of a doctor, has garnered intense public interest and scrutiny. Banerjee’s demand for a swift conclusion to the investigation has been interpreted by some as a political maneuver, potentially aimed at placating public outrage or exerting influence over…
In a recent address, Indian Prime Minister Narendra Modi delivered a stern message condemning the ongoing glorification of corruption in certain political circles. His remarks, widely interpreted as a veiled critique of the opposition, highlighted a growing concern over the erosion of ethical standards in politics. PM Modi’s speech underscored the detrimental impact of corruption on national progress, emphasizing that such practices not only undermine democratic institutions but also hinder socio-economic development. He criticized the tendency of some to romanticize corrupt practices, suggesting that it creates a detrimental environment for governance and public trust. Source:- news 18 The Prime Minister…
A new round of ceasefire talks regarding the Gaza conflict has commenced in Qatar, with key international stakeholders aiming to address the ongoing violence and humanitarian crisis in the region. These talks are being facilitated by Qatar, which has previously played a role in mediating between the involved parties. Source:- news 18 The discussions come amidst escalating tensions and sporadic violence between Israeli forces and Palestinian militants in Gaza. The conflict has resulted in significant casualties and destruction, exacerbating an already dire humanitarian situation in the Gaza Strip. The international community has expressed increasing concern over the escalating conflict and…
Despite a notable drop in July’s Consumer Price Index (CPI) inflation to below 4%, a reduction in the Reserve Bank of India’s (RBI) repo rate remains unlikely in 2024. This cautious stance is driven by several economic factors and policy considerations. Firstly, while July’s CPI inflation falling below 4% might seem like a strong signal for monetary easing, it is important to view this data in the broader context of India’s economic landscape. The RBI’s monetary policy decisions are influenced not only by current inflation figures but also by projected inflation trends, economic growth prospects, and global economic conditions. Source:-…
Suzlon Energy shares have recently declined by 9% from their 52-week high, presenting a potential opportunity for investors. To determine if this is a good entry point, consider the following aspects: Company Fundamentals: Assess Suzlon’s financial health by examining its earnings reports, debt levels, and cash flow. Suzlon’s performance in recent quarters and its ability to generate consistent revenue and profits are crucial indicators of its financial stability. Source:- news 18 Industry Dynamics: The renewable energy sector, where Suzlon operates, is influenced by various factors including government policies, technological advancements, and global energy trends. Check for any recent developments in…
In a recent development in the Trump hush money case, the judge has once again declined to recuse himself from the proceedings. This decision marks the third time the judge has faced requests for recusal and has opted to remain on the case. The recusal requests stem from claims that the judge may have biases or conflicts of interest that could affect his impartiality. These concerns have been raised by various parties involved in the case, seeking to have a new judge appointed to ensure a fair and unbiased trial. Despite these claims, the judge has repeatedly ruled that there…
wholesale inflation in India cooled to a three-month low, primarily due to a decline in food prices. The wholesale price index (WPI), which measures the average change in selling prices received by domestic producers for their output, increased at a slower pace of 3.0% year-on-year compared to 3.8% in June. This deceleration marks the lowest rate of increase since April, indicating a cooling in inflationary pressures at the wholesale level. Source:- news 18 The easing of inflation was largely attributed to a significant drop in food prices. Prices of essential food items such as vegetables, cereals, and pulses have seen…
Today’s political landscape is marked by two significant developments: Kolkata Doctor’s Murder and Government Doctors’ Strike: The recent murder of a prominent doctor in Kolkata has sent shockwaves across the medical community. In response to the tragedy, government doctors in Delhi have announced a strike from elective services. This move reflects their outrage and frustration over the safety of medical professionals and the rising incidents of violence against them. The strike is expected to disrupt many non-emergency medical procedures, potentially affecting thousands of patients. The incident has sparked a broader conversation about the security measures in place for healthcare workers…
Today, a team from the Election Commission (EC) is visiting Haryana to oversee and prepare for the upcoming state elections. The visit marks a crucial step in ensuring that the electoral process in the state is conducted smoothly and transparently. The team will be evaluating various aspects of election readiness, including the setup of polling booths, availability of electoral materials, and the preparedness of local election officials. Source:- BBC news During their visit, the EC team will review the progress of voter registration, verify the security arrangements at polling stations, and assess the measures in place to address any potential…
The GST Council is scheduled to meet on September 9, 2024, with rate rationalisation likely to be a central topic of discussion. The meeting will bring together finance ministers from both central and state governments to review and address various aspects of the Goods and Services Tax (GST) system. One of the key areas of focus is expected to be the rationalisation of GST rates. The Council has been considering adjustments to the existing rate structure to simplify the tax system and reduce compliance burdens for businesses. The current GST rate framework includes multiple slabs, which has led to complexities…
In a surprising move that defies party lines, BJP veteran Shanta Kumar has publicly expressed support for Manish Sisodia following his recent bail. This endorsement marks a notable shift in political dynamics and highlights Kumar’s willingness to break from the traditional party stance on controversial issues. Source:- news 18 Shanta Kumar, a respected figure within the Bharatiya Janata Party (BJP), has been known for his long-standing commitment to the party’s principles. However, his support for Sisodia, who is a prominent leader in the Aam Aadmi Party (AAP) and former Deputy Chief Minister of Delhi, underscores a significant departure from the…
Nirupam has claimed that Uddhav Thackeray, the leader of the Shiv Sena, held a secret meeting with Ajay Gupta, a prominent figure often associated with political and business circles. According to Nirupam, this meeting was conducted under a veil of secrecy, raising questions about its purpose and implications. Source:- news 18 The claim has sparked controversy, particularly in light of the political climate and ongoing discussions about alliances and rivalries within Maharashtra’s political landscape. Uddhav Thackeray, who has been a key player in Maharashtra politics, leading the Shiv Sena through various phases of its evolution, is known for his strategic…
Supriya Sule, a prominent Indian politician and Member of Parliament, recently made a significant statement about her experiences in the political arena. In a candid revelation, Sule claimed that every time she speaks in Parliament, her husband receives notices from the Income Tax department. This statement underscores the challenges and scrutiny faced by politicians and their families. Source:- BBC news Sule’s comments highlight the complex interplay between politics and personal life, where actions and statements in the public domain can have direct repercussions on private individuals. The Income Tax notices, according to Sule, seem to be a consequence of her…
In Uttar Pradesh, the Bharatiya Janata Party (BJP) is intensifying its preparations for the upcoming bypolls with a robust strategy involving significant manpower. To strengthen its campaign, the BJP has mobilized 30 ministers and 15 senior leaders, indicating the party’s commitment to securing victory in these crucial electoral contests. Source:- news 18 The deployment of such a large number of high-profile figures underscores the BJP’s strategy to consolidate its voter base and address local issues effectively. The ministers and leaders are expected to engage in extensive outreach activities, including rallies, door-to-door campaigns, and public meetings, to boost the party’s visibility…
The much-anticipated sequel to the 2018 hit Stree, Stree 2, is poised to make a grand entry at the box office. Starring Shraddha Kapoor and Rajkummar Rao, the film is expected to have a phenomenal opening, with predictions suggesting it will rake in around Rs 40 crore on its first day12. SOURCE : ZEE Stree 2 is set to release on August 15, 2024, coinciding with India’s Independence Day, a strategic move that is likely to boost its box office performance. The original Stree was a massive success, blending horror and comedy in a way that resonated with audiences and…
Shares of YES Bank, Adani Enterprises, Bandhan Bank, and Maruti Suzuki may experience outflows due to a combination of factors affecting their stock performance and investor sentiment. YES Bank: The bank has been under scrutiny due to its historical issues with asset quality and management. Recent regulatory changes and deteriorating macroeconomic conditions might raise concerns about its ability to maintain profitability and manage non-performing assets (NPAs). Additionally, ongoing challenges in securing capital and stabilizing its balance sheet could prompt investors to withdraw their investments. Source:- news 18 Adani Enterprises: The conglomerate has faced scrutiny over its financial practices and governance.…
U.S. intelligence agencies have identified Iran as the most aggressive foreign threat to the upcoming U.S. presidential election. This assessment highlights Iran’s extensive efforts to influence the electoral process through cyber operations, disinformation campaigns, and other forms of interference. According to recent reports, Iranian operatives have been actively engaged in disseminating disinformation aimed at sowing discord among American voters. These operations include the creation of fake news stories, misleading social media posts, and targeted propaganda designed to exploit existing political and social divisions within the United States. The intent behind these actions is to undermine public confidence in the electoral…
the Eurasian Development Bank (EDB) released a new report recommending soft infrastructure measures to enhance the popularity and effectiveness of the International North-South Transport Corridor (INSTC). This strategic transport route, designed to connect India, Iran, Russia, and several Central Asian countries, aims to facilitate more efficient trade and transport across the Eurasian region. Source:- news 18 The EDB’s report highlights the importance of improving soft infrastructure—such as regulatory frameworks, customs procedures, and logistical support—along the INSTC to address current bottlenecks and challenges. Soft infrastructure improvements are seen as crucial for streamlining cross-border trade, reducing transit times, and boosting the corridor’s…
Faiz Hameed, the former head of Pakistan’s Inter-Services Intelligence (ISI), was taken into custody by the Pakistani Army. This development marks a significant turn in Pakistan’s political and military landscape, as Hameed was a prominent and influential figure within the country’s intelligence and military apparatus. Hameed, who served as the ISI chief from 2019 to 2021, was known for his key role in shaping Pakistan’s internal and external security policies. His tenure was marked by controversial decisions and his close association with various political and military figures. The reasons behind his detention remain unclear, but reports suggest that it is…
a devastating Israeli airstrike hit a mosque and a school in Gaza, resulting in a significant loss of life and sparking widespread international condemnation. The attack, which occurred in the densely populated Gaza Strip, targeted the Al-Quds Mosque and the nearby Al-Nour School, both of which were reported to be crowded with civilians at the time. Source:- news 18 According to local sources, the strike resulted in dozens of fatalities, including women and children, and left many others injured. The destruction of the mosque and the school has exacerbated the already dire humanitarian situation in Gaza, where access to essential…
The Department of Economic Affairs (DEA) Secretary recently stated that there is “nothing more for the government to add” regarding the Hindenburg report on SEBI Chief Madhabi Puri Buch. The statement follows the report’s allegations of financial misconduct and regulatory lapses under Buch’s tenure. Source:- news 18 The Hindenburg report, known for its critical analysis of financial entities and leaders, has raised concerns about SEBI’s handling of market regulations and Buch’s role in the oversight of financial markets. The report suggested possible shortcomings in SEBI’s enforcement actions and questioned the effectiveness of its leadership. Source:- BBC news In response, the…
In a recent statement, President Joe Biden characterized former President Donald Trump as a “genuine danger to American security,” underscoring concerns about Trump’s impact on national safety and democratic institutions. Biden’s remarks come amid ongoing discussions about Trump’s role in U.S. politics, particularly regarding his influence over domestic and international policies. Source:- news 18 Biden’s criticism is rooted in several key issues. Firstly, Biden highlighted Trump’s approach to foreign policy, suggesting that his actions and rhetoric have strained relationships with traditional allies and emboldened adversaries. Trump’s unorthodox style and controversial decisions, such as withdrawing from international agreements and engaging in…
In a significant policy shift, Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), announced that the interest rates on both deposits and lending will now be deregulated. This move gives banks the autonomy to set their own interest rates, a decision that aims to enhance competitiveness and efficiency within the financial sector. Source:- news 18 Traditionally, the RBI regulated these rates to ensure a degree of uniformity and stability in the banking system. However, the new policy framework reflects a broader move towards market-driven mechanisms, allowing banks to adjust rates based on their operational costs and market…
In a recent development in Maharashtra’s political landscape, BJP chief Chandrashekhar Bawankule has taken a strong stance against Uddhav Thackeray, the leader of the Shiv Sena (UBT), amid an escalating political rift between the two parties. Bawankule’s criticism highlights the growing tension as the BJP and Shiv Sena (UBT) continue to clash over various political and governance issues. Source:- news 18 Bawankule accused Thackeray of undermining the democratic process and failing to deliver on his promises. He asserted that Thackeray’s leadership has been marked by inconsistent policies and a lack of clear direction, which, according to Bawankule, has contributed to…
Odisha Chief Minister Naveen Patnaik recently reached out to West Bengal Chief Minister Mamata Banerjee, addressing concerns over the potato supply in Odisha. In a telephonic conversation, Patnaik urged Banerjee to facilitate an improved and more consistent supply of potatoes from West Bengal to Odisha. Source:- news 18 The dialogue was prompted by the recent scarcity of potatoes in Odisha, which has led to an increase in prices and concerns among consumers and local businesses. Patnaik emphasized the need for timely and adequate distribution to ensure that the market remains stable and prices do not escalate further. Source:- BBC news…
Goods and Services Tax (GST) applies differently to health and life insurance policies in India. For health insurance policies, the GST rate is 18%. This applies to premiums paid for policies that cover medical expenses, hospitalization, and related health services. The GST on health insurance aims to streamline tax regulations and ensure uniformity in the insurance sector. Source:- news 18 On the other hand, life insurance policies are subject to a different GST treatment. The rate for life insurance is 12% GST. This rate applies to premiums paid for life insurance policies that provide coverage against the risk of death,…
Former President Donald Trump recently questioned Vice President Kamala Harris’s intelligence, igniting controversy with his remarks. In a series of statements, Trump suggested that Harris lacks the intellectual capability necessary for her role, a sentiment that has been met with widespread criticism from various political figures and commentators. Source:- news 18 Trump’s comments emerged during a series of interviews and public appearances where he emphasized his own popularity and success in drawing large crowds during his rallies. He compared his own crowd sizes to those of the current administration, claiming that his events were significantly larger and more enthusiastic. According…
The recent crisis in Bangladesh has seen students playing a pivotal role in forcing the Chief Justice to resign. The catalyst for the unrest was the Supreme Court’s controversial decision to uphold a ruling that was widely perceived as favoring the ruling party over opposition candidates. This decision, which many believed compromised judicial impartiality, triggered widespread outrage among students and civil society groups. Source:- news 18 Protests began in earnest when students from various universities took to the streets, demanding accountability and transparency in the judiciary. Their frustration was compounded by allegations of corruption and political interference within the court…
India’s growing prominence in global supply chains is set to receive a significant boost through enhanced Research and Development (R&D) support. The country’s strategic position, combined with a burgeoning talent pool, offers a unique opportunity to expand its role in international markets. R&D investment can catalyze this transformation by fostering innovation and developing cutting-edge technologies. It enhances the competitiveness of Indian firms by enabling them to create advanced products and processes. This aligns with the global trend of companies seeking innovative solutions to remain competitive. By focusing on R&D, India can address complex supply chain challenges and offer solutions that…
The impeachment motion against Jagdeep Dhankhar, the Vice President of India, has recently become a significant topic in Indian politics. The motion, introduced by opposition parties, accuses Dhankhar of acting in a manner inconsistent with the duties and responsibilities of his office. Background: Jagdeep Dhankhar, who assumed office as the Vice President in August 2022, has been under scrutiny for his conduct in the Rajya Sabha, India’s upper house of Parliament. The opposition alleges that Dhankhar has been biased in his handling of parliamentary procedures, particularly in relation to their motions and interventions. They argue that his actions have undermined…
Chairman Atanu Chakraborty recently highlighted how the recent merger has significantly bolstered HDFC Bank’s prospects for future growth. According to Chakraborty, the integration of HDFC Ltd. with HDFC Bank represents a pivotal moment in the institution’s history, positioning it for accelerated expansion and enhanced operational efficiency. Source:- BBC news The merger brings together HDFC Ltd.’s vast expertise in housing finance with HDFC Bank’s extensive banking network. This synergy is expected to create a more robust financial entity capable of delivering a broader range of services to its customers. By combining HDFC Ltd.’s specialized knowledge in housing and real estate with…
In its latest monetary policy meeting, the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%. This decision is a significant one, as it reflects the RBI’s current assessment of the economic landscape and its approach to managing inflation and growth. Source:- BBC news The repo rate, which is the rate at which commercial banks borrow funds from the RBI, has remained steady at this level for some time. The RBI’s choice to maintain the rate indicates a cautious stance in response to ongoing economic conditions. By holding the rate steady, the RBI aims…
India has firmly rejected China’s claims over Arunachal Pradesh, labeling them as “absurd and baseless.” The Indian Ministry of External Affairs (MEA) has reiterated that Arunachal Pradesh is an integral part of India, emphasizing that the state’s sovereignty is non-negotiable. This statement comes in response to China’s repeated assertions and attempts to challenge India’s territorial integrity. Source:- BBC news The MEA’s statement underscores India’s position on the boundary dispute, stating that China’s claims are inconsistent with historical facts and international agreements. India maintains that the boundary issue should be resolved through dialogue and negotiations, but it will not compromise on…
Manish Sisodia, a senior leader of the Aam Aadmi Party (AAP) and former Delhi Deputy Chief Minister, has been released from Tihar Jail after 17 months of incarceration. His release marks a significant moment in Indian politics and highlights ongoing controversies and legal battles involving high-profile political figures. Source:- BBC news Sisodia’s arrest and subsequent imprisonment were rooted in allegations related to the Delhi Excise Policy, which faced scrutiny and led to his arrest by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED). The charges against him included corruption and misconduct in the formulation and implementation of…
The Chief Election Commissioner (CEC) has emphasized that recent terror attacks in Jammu and Kashmir (J&K) will not deter the commitment to conduct elections in the region. In a recent statement, the CEC highlighted the fundamental importance of democratic processes and expressed unwavering resolve to ensure that the electoral process remains intact despite the challenges posed by such attacks. Source:- news 18 The CEC underscored that elections are a cornerstone of democracy and a vital tool for empowering citizens to choose their representatives. The commitment to hold elections in J&K is seen as a crucial step in strengthening democratic governance…
UltraTech and Ambuja are both accelerating their cement capacity expansion in response to growing infrastructure needs and the anticipated boost in construction activities across India. This strategic push is set to shape the future of the cement industry and impact the broader economy. Source:-BBC news UltraTech Cement, a subsidiary of Aditya Birla Group, plans to significantly expand its production capabilities. With a substantial investment earmarked for new plants and upgrades to existing facilities, UltraTech aims to consolidate its position as a market leader. This expansion will help the company cater to the rising demand driven by major infrastructure projects and…
Indian-American Congressmen have recently voiced their strong condemnation of the ongoing violence against Hindus in Bangladesh, urging an immediate end to the targeted attacks and systemic discrimination faced by the minority community. In a joint statement, Representatives Raja Krishnamoorthi, Ro Khanna, and Pramila Jayapal emphasized their deep concern over the recent spate of violent incidents that have wreaked havoc on Hindu temples, homes, and businesses in Bangladesh. Source:- news 18 The Congressmen highlighted that such violence undermines the fundamental principles of human rights and religious freedom. They pointed out that the attacks have not only caused immense suffering but also…
the Reserve Bank of India (RBI) announced its decision to keep the repo rate unchanged at 6.50% for the ninth consecutive time. Here are five key highlights from the RBI Monetary Policy Committee (MPC) outcome: Source:- BBC news Monetary Policy Stance: The RBI has maintained a status quo on the repo rate, indicating a cautious approach to monetary policy amid ongoing economic uncertainties. This decision reflects the MPC’s assessment of current economic conditions and the need to balance inflation and growth objectives. Source:- india today Inflation Outlook: The RBI’s decision is influenced by the inflation outlook, which remains a critical…
Amid widespread backlash over recent changes to capital gains tax laws concerning real estate, the government has decided to grant relief to affected taxpayers. The amendments, initially aimed at tightening tax regulations and increasing government revenue, faced significant opposition from various sectors, including real estate professionals, investors, and homeowners. Source:- news 18 The new regulations had proposed higher tax rates on profits from real estate sales, particularly affecting those who sold properties within a short holding period. Critics argued that these changes could discourage investment in real estate and adversely impact the housing market, which is already under pressure from…
The Government of India has decided to retain the Ladakh Autonomous Hill Development Council (LAHDC) in Ladakh with its representation and decision-making powers intact. This move aims to ensure that the unique administrative and cultural needs of the region are met effectively. The decision follows extensive consultations with local stakeholders and representatives, emphasizing the government’s commitment to maintaining local autonomy and addressing regional issues efficiently. Source:- BBC news The LAHDC, which was established to empower the people of Ladakh and provide a platform for local governance, will continue to function with its existing mandate. This includes overseeing the development and…
The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5% for the ninth consecutive time. This decision, announced during the recent monetary policy review, underscores the central bank’s cautious approach amidst ongoing economic uncertainties. Source:- news 18 Maintaining the repo rate, the interest rate at which commercial banks borrow from the RBI, reflects the RBI’s strategy to balance inflation control and economic growth. The current rate has been in place since August 2022, and the decision to hold it steady aligns with the RBI’s ongoing commitment to ensure price stability while supporting the broader…