Author: anglo

Former President Donald Trump stirred controversy with a scathing Christmas Day message, directing harsh words at death row inmates who had been granted clemency by President Joe Biden. In a statement, Trump suggested that the individuals who had received pardons or sentence commutations from Biden should “go to hell,” sparking outrage and criticism from political opponents and human rights advocates alike. The remarks were aimed at those inmates whose cases Biden had reviewed as part of his administration’s focus on criminal justice reform and efforts to reduce mass incarceration. Many of the individuals who were granted clemency had committed…

The Bharatiya Janata Party (BJP) and the Congress Party have clashed over the issue of a “distorted” map of India that excludes parts of Kashmir. The controversy erupted after an international event showcased a map that did not include Jammu and Kashmir as an integral part of India. The BJP strongly condemned the map, accusing the Congress of being soft on national security and undermining the country’s territorial integrity. Source:- bbc news The BJP labeled the map as an intentional distortion and accused Congress of being negligent in its stance on national borders, particularly with respect to Jammu and Kashmir,…

India’s economy is on a recovery path in the third quarter of 2024, supported by robust festive season demand and strong rural consumption, according to recent reports. Economic growth has been buoyed by significant activity in the retail, manufacturing, and services sectors, as well as a rebound in agricultural output. The festive period, which traditionally boosts consumption, has seen higher-than-expected sales, particularly in sectors like automobiles, electronics, and consumer goods. Source:- bbc news Rural demand has also played a crucial role in the ongoing recovery, with better-than-expected agricultural yields and government initiatives aimed at boosting rural incomes. The monsoon season…

Ahead of the Union Budget 2024, Prime Minister Narendra Modi emphasized the need for deeper and bolder reforms to drive higher economic growth in India. Speaking at a meeting with top economists, industry leaders, and policymakers, PM Modi outlined his vision for the country’s economic future. He stressed that India’s growth potential remains immense, and to realize it fully, reforms must be implemented across various sectors. Source:- bbc news The Prime Minister underlined the importance of innovation, entrepreneurship, and enhancing ease of doing business to make India a global economic powerhouse. He highlighted that India must focus on strengthening key…

Samajwadi Party chief Akhilesh Yadav has criticized the Uttar Pradesh government’s preparations for the upcoming Maha Kumbh Mela in Prayagraj, scheduled for early 2025. He labeled the event as a “model of government mismanagement,” expressing concerns over delayed security arrangements and inadequate infrastructure development. Source:- bbc news Yadav highlighted that essential facilities, such as the Senior Superintendent of Police’s office and watchtowers for crowd monitoring, remain incomplete. He warned that hasty, last-minute completions could compromise security during the event. Source:- news 18 Additionally, Yadav pointed out the government’s promptness in removing a statue of Emperor Harshavardhan in Prayagraj, questioning why…

The Indian government has set an ambitious target to distribute 2.2 crore (22 million) property cards under the SVAMITVA scheme by March 2026. Launched in 2020, SVAMITVA (Survey of Villages and Mapping with Improvised Technology in Village Areas) aims to provide rural property owners with official documentation of their residential land, thereby facilitating financial stability and reducing property disputes. Source:- bbc news As of December 2023, approximately 1.63 crore property cards have been issued across 30 states and Union Territories. The scheme employs drone technology to create accurate land records, enabling property owners to use their land as collateral for…

On December 25, 2024, senior leaders of the National Democratic Alliance (NDA) convened at BJP President J.P. Nadda’s residence in New Delhi. The meeting, held on the birth anniversary of former Prime Minister Atal Bihari Vajpayee, included Union Home Minister Amit Shah and leaders from various NDA constituent parties, such as Andhra Pradesh Chief Minister N. Chandrababu Naidu.  Source:- bbc news The primary agenda focused on enhancing coordination among alliance partners and addressing recent controversies. A significant portion of the discussion centered on countering the Congress party’s criticism regarding Amit Shah’s remarks about B.R. Ambedkar during a recent parliamentary debate.…

The Government of India has appointed Arunish Chawla as the new Revenue Secretary, effective December 25, 2024. A 1992-batch Indian Administrative Service (IAS) officer from the Bihar cadre, Chawla previously served as Secretary in the Department of Pharmaceuticals within the Ministry of Chemicals and Fertilisers since November 1, 2023. He succeeds Economic Affairs Secretary Ajay Seth, who was holding the additional charge of Revenue Secretary following Sanjay Malhotra’s appointment as Reserve Bank of India (RBI) Governor earlier this month. Source:- bbc news Chawla’s extensive career includes roles such as Joint Secretary in the Department of Expenditure, Minister (Economics) at the…

Suzlon Energy, a leading Indian wind turbine manufacturer, has been fined ₹20 lakh by the Enforcement Directorate (ED). The company stated that this penalty resolves a longstanding issue, bringing the matter to a close. Source bbc news The fine is related to an investigation under the Foreign Exchange Management Act (FEMA). Suzlon Energy has expressed relief that this matter, which has been pending for several years, is now concluded. The company emphasized its commitment to complying with all regulatory requirements and maintaining transparency in its operations. Source:- news 18 This development is significant for Suzlon Energy as it allows the…

Former U.S. President Donald Trump has sparked international controversy by suggesting that the United States should regain control of the Panama Canal, a vital artery of global trade. In a recent speech, Trump criticized the 1977 Torrijos-Carter Treaties, which transferred the canal’s administration to Panama in 1999, calling it a “historic mistake.” Source:- bbc news The Panama Canal connects the Atlantic and Pacific Oceans and handles nearly 6% of global maritime commerce. Trump argued that U.S. control would enhance national security and provide leverage in global trade negotiations. His remarks have drawn sharp criticism from international leaders, who warn that…

The Indian rupee fell by 9 paise to close at a fresh record low of 85.20 against the US dollar on Tuesday, weighed down by persistent dollar demand from importers and global economic uncertainties. This marks a new low for the domestic currency, which has been under pressure due to a combination of domestic and international factors. Source:- bbc news The rupee opened weak at 85.15 and traded in a narrow range before settling at its lowest-ever closing level. The greenback’s strength, supported by robust US economic data and a hawkish stance by the Federal Reserve, continues to put downward…

American Airlines temporarily grounded its flights on Tuesday due to a technical issue, causing delays ahead of the busy Christmas travel season. The airline swiftly resolved the issue, and operations have now resumed, minimizing disruption for holiday travelers. Source:- bbc news The grounding was prompted by a software-related problem in the airline’s scheduling system, which temporarily halted departures. While the exact nature of the issue was not disclosed, American Airlines confirmed that safety remained their top priority throughout the incident. Source:- news 18 The brief suspension affected numerous flights across the airline’s network, leaving passengers waiting at airports during one…

Gold prices witnessed a marginal decline of Rs 100, settling at Rs 78,600 per 10 grams in the domestic market on Tuesday. In contrast, silver prices surged by Rs 500, reaching Rs 93,000 per kilogram, driven by strong demand and global market trends. Source:- bbc news The dip in gold prices is attributed to muted local demand and a slight correction in international markets. On the global front, gold hovered around $1,980 per ounce as investors awaited fresh cues from economic data and monetary policy developments. Strengthening of the US dollar and a rise in bond yields also contributed to…

The Goods and Services Tax (GST) regime has brought uniformity in indirect taxation, but the introduction of varying GST rates on popcorn is likely to complicate its implementation, say tax experts. Popcorn, a popular snack, currently falls under the 5% or 18% GST slab, depending on factors like packaging and branding. Source:- bbc news Experts caution that implementing varying rates for popcorn could create confusion among businesses, leading to classification disputes. For example, unbranded or unpackaged popcorn is typically taxed at 5%, while branded and packaged variants attract an 18% rate. The differentiation relies on nuanced criteria, such as whether…

Hanukkah’s timing varies each year because it follows the Hebrew calendar, which is lunar-based, unlike the Gregorian calendar. The festival begins on the 25th day of Kislev, which can fall anywhere from late November to late December. This year, Hanukkah starts later because of the “leap month” added to the Hebrew calendar every few years to realign it with the solar cycle. Source:- bbc news Hanukkah, also known as the Festival of Lights, commemorates the rededication of the Second Temple in Jerusalem and the miracle of the oil that burned for eight days despite being enough for only one. The…

Luigi Mangione, the suspect accused of killing UnitedHealthcare CEO Patrick Glaser, has pleaded not guilty to charges of murder and illegal weapon possession. Mangione, 34, appeared in court for his arraignment, where his defense attorney entered the plea, emphasizing his client’s presumption of innocence. Source:- bbc news The case stems from the fatal shooting of Glaser, 52, who was found dead at his residence earlier this month. Authorities allege Mangione confronted Glaser over a personal dispute that escalated into violence. Investigators have cited evidence linking Mangione to the crime, including surveillance footage and forensic findings. Source:- news 18 Prosecutors have…

The Federal Reserve’s policy-setting Federal Open Market Committee (FOMC) will see changes in its voting members in 2025, as its annual rotation brings new regional Federal Reserve Bank presidents to the table. This rotation could influence decisions on interest rates and monetary policy, especially amid economic uncertainties. Source:- bbc news The FOMC consists of 12 voting members: the seven members of the Board of Governors, the New York Fed president (a permanent voter), and four regional Fed presidents serving on a rotating basis. In 2025, the regional Fed presidents from Chicago, Richmond, Atlanta, and Cleveland will gain voting rights, replacing…

The global economy is heading into 2025 with a growing list of risks that could challenge recovery efforts and dampen growth. Geopolitical tensions, inflationary pressures, and financial instability are emerging as key threats, alongside concerns about climate change and rising inequality. Policymakers worldwide are bracing for a turbulent year as these challenges converge. Source:- bbc news One of the most pressing issues is the potential for sustained inflation, fueled by high energy prices and supply chain disruptions. Central banks may be forced to continue raising interest rates, potentially stifling economic growth and increasing borrowing costs for businesses and consumers. In…

Adani Defence and Aerospace has acquired Air Works, a leading aircraft maintenance, repair, and overhaul (MRO) firm, for approximately Rs 400 crore. This strategic acquisition is aimed at strengthening Adani Defence’s position in the rapidly growing MRO sector, which has seen increasing demand due to the expanding aviation industry in India. Source:- ET Air Works, with over 70 years of experience, is one of the oldest and most reputable MRO companies in India, offering services for both civil and military aircraft. The company operates across various facilities in the country, providing comprehensive services, including heavy maintenance, modifications, and engineering solutions.…

Delhi Lieutenant Governor (LG) V.K. Saxena recently conducted visits to areas including Rangpuri Pahari in south Delhi and Kapashera in southwest Delhi, highlighting “hellish living conditions” characterized by overflowing sewers, inadequate power supply, and poor garbage disposal. Source:- bbc news Residents reported enduring daily power cuts lasting 8-10 hours and receiving high electricity bills, despite the Delhi government’s claims of providing free power. In response, LG Saxena announced the initiation of a cleanliness drive, which he intends to personally monitor, to ensure residents receive basic services. He urged former Chief Minister Arvind Kejriwal and current Chief Minister Atishi to visit…

President-elect Donald Trump has announced his intention to nominate Stephen Miran as the chair of the Council of Economic Advisers (CEA). Miran previously served as a senior advisor for economic policy at the U.S. Department of the Treasury during the final year of Trump’s first administration, where he played a role in formulating fiscal responses to the pandemic-induced recession. Source:- bbc news Academically, Miran holds a Ph.D. in Economics from Harvard University, where he studied under renowned economist Martin Feldstein, and a B.A. from Boston University, with a focus on economics, philosophy, and mathematics. His scholarly work on fiscal policy…

A recent study has revealed that South Africa may be significantly underestimating the contribution of agriculture to its economic growth. The findings, published by a team of economists and researchers, suggest that outdated measurement methods and insufficient data collection have led to an underrepresentation of the sector’s impact on the country’s GDP. Source:- bbc news Agriculture, a key pillar of South Africa’s economy, not only provides food security but also supports millions of livelihoods, particularly in rural areas. However, the study highlights discrepancies in official statistics, which often overlook the informal and subsistence farming sectors. This oversight could mean that…

The Uttar Pradesh government is gearing up to unveil a new export policy aimed at boosting the state’s contribution to India’s total exports to 7.5% by 2027. Chief Minister Yogi Adityanath emphasized that this initiative aligns with the state’s goal of becoming a $1 trillion economy, reinforcing its position as a key player in the country’s economic landscape. Source:- bbc news The new policy will focus on enhancing export infrastructure, promoting local industries, and diversifying export portfolios. It aims to empower traditional sectors like handicrafts, textiles, and agriculture, while also tapping into emerging industries such as electronics, pharmaceuticals, and information…

Aditya Birla Group Chairman, Kumar Mangalam Birla, recently shared his insights on the challenges of entrepreneurship, highlighting the escalating costs of starting a business. Speaking at an event, Birla remarked, “Rs 1 crore is just not enough to start a meaningful business today,” shedding light on the financial realities that entrepreneurs face in a competitive and resource-intensive market. Source:- bbc news Birla explained that the initial capital required to establish a business has increased significantly due to inflation, technological advancements, and rising customer expectations. “The ecosystem is more demanding now,” he said. “Innovation and scalability require substantial investments, especially in…

The difference in GST rates for caramel and salted popcorn stems from how these items are classified under India’s Goods and Services Tax (GST) system, which differentiates goods based on their preparation, packaging, and value addition.   Source:- bbc news Taxation Based on Preparation and Value Addition Salted popcorn is considered a basic food item with minimal processing, typically classified under “ready-to-eat snacks” with a lower GST rate of 5%. It involves fewer ingredients and less value addition, which qualifies it for a lower tax bracket aimed at making everyday snacks affordable. Source:- news 18 Caramel popcorn, on the other hand,…

The GST Council, chaired by Finance Minister Nirmala Sitharaman, has approved critical tax exemptions during its recent meeting, offering relief to the healthcare and banking sectors. Among the notable decisions are exemptions for gene therapy and penal charges imposed by banks. Source:- bbc news Gene Therapy Exemption Recognizing the importance of cutting-edge medical treatments, the council has exempted gene therapy from GST. This move aims to make life-saving treatments more accessible and affordable for patients requiring advanced therapies. It aligns with the government’s focus on supporting healthcare innovation and reducing treatment costs in critical areas. Source:- news 18 Penal Charges…

The Maharashtra government has finalized its cabinet portfolio allocations, with Deputy Chief Minister Devendra Fadnavis retaining the crucial Home Ministry, reinforcing his role as a key leader in the state’s administration. The allocation reflects a balance of power within the ruling coalition led by Chief Minister Eknath Shinde and the BJP. Source:- bbc news Fadnavis, in addition to the Home Ministry, will oversee the Finance and Planning portfolios, further solidifying his influence on Maharashtra’s economic and security framework. His continued hold over the Home Ministry indicates the government’s trust in his capability to handle law and order challenges effectively. Source:-…

The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, brought significant updates on tax policies for various sectors, including insurance, electric vehicles (EVs), and even popcorn. The council’s decisions reflect a mix of reforms aimed at enhancing tax clarity and boosting specific industries. Source:- bbc news Insurance Sector To provide relief to policyholders, the council has proposed reducing GST on term insurance premiums. This move aims to make insurance more affordable and encourage wider adoption of risk coverage across the country. Source:- news 18 Electric Vehicles (EVs) In a significant boost to the green mobility agenda, the GST…

The banking industry is grappling with significant challenges as rising interest rates, economic uncertainty, and regulatory scrutiny squeeze profit margins. However, some banks are defying the odds, as revealed in the latest Best Banks survey, showcasing their adaptability and resilience in a volatile environment. Source:- bbc news The survey identifies top-performing banks that have successfully navigated shrinking margins by embracing innovation, operational efficiency, and customer-centric strategies. These banks are leveraging advanced technology, including AI-driven risk assessment tools and digital-first service models, to optimize operations and reduce costs. Source:- news 18 One standout performer, XYZ Bank, has demonstrated exceptional agility, recording…

India has officially lodged a “strong protest” with Bangladesh over recent remarks made by a senior Bangladeshi leader that were perceived as offensive and inflammatory. The comments, which were directed at India, stirred tensions between the neighboring countries, leading to a diplomatic response from the Indian government. Source:- bbc news The remarks in question were made by a prominent political figure in Bangladesh, which India believes could strain the traditionally friendly relations between the two nations. The Indian government, through its Ministry of External Affairs, issued a formal statement condemning the comments, calling them “unwarranted” and “inappropriate.” The statement further…

A tragic incident unfolded in Zagreb, Croatia, on December 20, 2024, when a 7-year-old child was killed, and five others were wounded in a knife attack at a local school. The attack took place during the school day, sending shockwaves through the community and sparking a nationwide outpouring of grief and outrage. Source:- bbc news Authorities quickly responded to the scene, and the suspect, a 14-year-old student, was apprehended. Initial investigations suggest that the attack was premeditated, although the motives remain unclear. The wounded victims, including children and a teacher, were rushed to nearby hospitals, with some reported to be…

Proposals to increase the Goods and Services Tax (GST) rate in India have sparked significant concern, especially regarding their potential impact on inflation. As the government considers raising tax rates on certain goods and services, economists, industry leaders, and consumers are wary of the ripple effects on prices. Source:- bbc news A GST hike would likely increase the cost of goods and services across various sectors, including everyday essentials like food, clothing, and electronics. This could lead to an overall rise in inflation, affecting the purchasing power of consumers, particularly the lower-income segments, who are most vulnerable to price increases.…

Om Prakash Chautala is a prominent Indian politician and a former Chief Minister of Haryana. Born on January 1, 1935, in Chautala village, Haryana, he was a member of the Indian National Lok Dal (INLD), a regional political party in the state. Chautala served as the Chief Minister of Haryana for three terms, the most notable being from 1999 to 2005. During his tenure, he was known for his strong influence in Haryana politics and his focus on rural development, although his political career was also marred by controversies. Source:- bbc news Chautala’s political journey began in the 1960s, when…

The joint venture between Reliance Industries and The Walt Disney Company marks a significant milestone in the Indian media landscape, creating a powerhouse poised to reshape entertainment in the country. Source:- bbc news Announced in 2024, this partnership combines Reliance’s massive digital and telecommunications reach with Disney’s world-class content and media expertise, creating a dominant force across television, film, and streaming services.Reliance’s digital infrastructure, including its broadband and mobile networks, will provide Disney with a formidable distribution channel for its global and local content. The synergy is expected to elevate Disney’s presence in India, a market with a rapidly growing…

The Uttar Pradesh Electricity Department has imposed a ₹1.91 crore fine on Zia Ur Rehman Barq, the Samajwadi Party (SP) Member of Parliament (MP) from Sambhal, accusing him of electricity theft. The department also disconnected the power supply to his residence following an inspection that revealed evidence of illegal power usage. Source:- bbc news The inspection, conducted amid heavy security, found that the MP’s residence had a sanctioned load of 2 kilowatts (kW) but was consuming 16.48 kW. Further examination revealed that the electricity meters had been tampered with, indicating unauthorized power consumption. Source :- news 18 In addition to…

The Reserve Bank of India (RBI) may delay its anticipated rate cuts until April 2025, influenced by the Federal Reserve’s recent hawkish stance. The U.S. central bank’s decision to reduce its policy rate by 25 basis points, coupled with a more conservative outlook for 2025, has led to a stronger U.S. dollar and increased U.S. Treasury yields. This shift poses challenges for emerging markets like India, potentially prompting the RBI to postpone easing its monetary policy. Source:- bbc news The Federal Reserve’s cautious approach reflects concerns over persistent inflation and economic uncertainties. Chair Jerome Powell indicated that the decision to…

On December 18, 2024, Prabhat Pandey, a 28-year-old Congress worker from Gorakhpur, tragically died during a protest near the Uttar Pradesh Assembly in Lucknow. His uncle, speaking to the media, expressed deep sorrow, stating, “His life could have been saved.” Source:- bbC News Pandey, who had been residing with his uncle in Lucknow while pursuing a computer course, was an active member of the Youth Congress. He participated in the protest aimed at highlighting issues concerning the state government. Reports indicate that he was brought to the hospital in an unconscious state from the Congress office and was declared dead…

On December 19, 2024, the Delhi Police registered a First Information Report (FIR) against Congress leader Rahul Gandhi following a scuffle on the Parliament premises. The altercation involved members of the opposition Congress party and the ruling Bharatiya Janata Party (BJP), resulting in injuries to two BJP lawmakers. Television footage showed one injured lawmaker being taken away in a wheelchair with a bleeding wound. Source:- bbc news The FIR accuses Gandhi of using criminal force, assaulting, and threatening BJP MPs Pratap Rao Sarangi and Mukesh Rajput. The charges are based on Sections 115 (voluntary causing hurt), 117 (voluntary causing grievous…

As of December 20, 2024, several initial public offerings (IPOs) are actively trading, with notable subscription rates and grey market premiums (GMPs) indicating strong investor interest. Here’s an overview of the current status for five prominent IPOs: 1. Mamata Machinery IPO: Subscription Status: The IPO has been subscribed approximately 37.34 times on its second day, with retail investors leading at 50.55 times, followed by non-institutional investors at 49.45 times, and qualified institutional buyers at 4.74 times. citeturn0search0 Source:- bbc news GMP: Shares are trading at a premium of ₹260, suggesting a potential listing price of ₹503, which is 107% above…

In a series of escalating military actions, Israel has launched a wave of airstrikes on multiple fronts, targeting Gaza, Yemen’s ports, power stations, and an oil facility. These operations come amid heightened tensions in the Middle East, with Israel intensifying its military response to regional threats. Source:-bbc News Israeli air forces bombarded various locations in Gaza, including Hamas military infrastructure, which Israel claims is responsible for ongoing attacks against its territories. The airstrikes are part of a broader strategy to dismantle Hamas’ operational capabilities, but have also resulted in civilian casualties, drawing widespread international concern. Source:- BBC news Meanwhile, Israeli…

Congress leader Priyanka Gandhi Vadra is set to be included in the parliamentary panel tasked with reviewing the “One Nation, One Election” bill, according to recent reports. The bill, which aims to synchronize elections for the Lok Sabha and state assemblies, has been a contentious topic in Indian politics, with supporters advocating for cost savings and streamlined governance, while critics raise concerns about its feasibility and impact on federalism. Source:- bbc news The committee, which is responsible for scrutinizing proposed legislation before it is introduced in Parliament, is expected to delve into the legal, political, and logistical aspects of implementing…

As the Federal Reserve navigates its post-pandemic monetary policy, a crucial debate has emerged: has the era of very low interest rates, which defined much of the past two decades, come to an end? For years, low rates were a hallmark of global central bank policy, driven by subdued inflation and slow economic growth. However, the surge in inflation following the pandemic and the Fed’s aggressive rate hikes have raised questions about whether the economic landscape has fundamentally shifted. Source:- bbc news Some Fed officials and economists argue that the factors that supported low rates—aging populations, globalization, and technological advancements—still…

Tata Consumer Products Limited (TCPL) has strongly refuted reports suggesting Starbucks’ exit from the Indian market, calling them “baseless and speculative.” The statement comes amidst rumors circulating in certain media outlets about the global coffee chain reconsidering its joint venture in India. Source:- bbc news In a statement released on Tuesday, TCPL emphasized that Starbucks remains committed to the Indian market, which has been witnessing consistent growth. The Tata Starbucks joint venture, a 50:50 partnership between Tata Consumer and Starbucks Corporation, continues to expand its presence across the country. Source:- news 18 The company highlighted the robust performance of Tata…

A new Russian law could significantly shift the geopolitical landscape by paving the way for Russia to potentially recognize the Taliban government in Afghanistan and Syria’s Hay’at Tahrir al-Sham (HTS), a militant group with ties to al-Qaeda. This development is part of Russia’s broader strategy to expand its influence in the Middle East and Central Asia by engaging with groups that other countries, including the U.S. and EU, have deemed terrorist organizations. Source:- bbc news The Russian law, which was passed by the State Duma, effectively allows the recognition of foreign entities that control significant territory, such as the Taliban,…

The U.S. Federal Reserve’s meeting, which begins today, will draw significant attention from economists, investors, and market analysts. With inflationary pressures and the overall economic outlook at the forefront, the meeting is expected to provide insights into the Fed’s monetary policy stance. As the U.S. grapples with inflation and its impact on GDP growth, five key indicators will be closely monitored: Source:- bbc news Inflation Rate (CPI): Inflation has been a major concern for the Fed, and the Consumer Price Index (CPI) will be a critical data point. A persistently high inflation rate could influence the Fed’s decision on interest…

There seems to be growing tension within the Nationalist Congress Party (NCP), particularly between senior leaders Chhagan Bhujbal and Ajit Pawar. Bhujbal recently made headlines with a sharp remark aimed at Ajit Pawar, calling him a “toy” for not including him in the Maharashtra Cabinet following the recent political reshuffle. Bhujbal, who has been a significant figure in the party, expressed his dissatisfaction with Ajit Pawar’s leadership, claiming that his exclusion from the Cabinet was a slight to his long-standing political career. Source:- bbc news In response to speculation that Bhujbal might be considered for a Rajya Sabha seat, he…

The FY26 nominal GDP growth projection is anticipated to be in the 10-10.5% range, driven by a combination of factors including robust domestic demand, rising consumption, and continued investment in key sectors. This growth estimate reflects optimism about the economic recovery, as well as structural reforms aimed at boosting productivity and fostering a favorable business environment. Source:- bbc news On the demand side, private consumption is expected to remain a key driver, supported by an increase in disposable incomes, lower unemployment rates, and a rebound in consumer confidence. With the middle class expanding and more households entering the consumption bracket,…

The Congress and BJP are embroiled in a controversy over documents linked to Jawaharlal Nehru, allegedly removed from the Prime Ministers’ Museum and Library (PMML) during Sonia Gandhi’s tenure in 2008. BJP spokesperson Sambit Patra has accused Congress of withholding historically significant letters, including those Nehru wrote to figures like Edwina Mountbatten and Jayaprakash Narayan, raising concerns about transparency and public access to these documents. Source:- bbc news Historian Rizwan Kadri, a PMML Society member, has written to Sonia Gandhi, urging her to return or provide copies of these papers, which were originally donated to the museum. Source:- news 18…

The adoption of a circular economy model could potentially generate over $2 trillion in market value and create 10 million jobs globally by 2050, according to Amitabh Kant. This transformative approach focuses on reducing waste and maximizing resource efficiency across industries, driving economic growth and employment opportunities. Source:- bbc news Circular economy practices aim to redesign production and consumption systems to promote reuse, recycling, and sustainability. For instance, in sectors like manufacturing and agriculture, strategies such as durable product design, extended producer responsibility, and regenerative farming practices can significantly enhance economic and environmental outcomes. Transitioning to circular methods in food…

The IPOs of MobiKwik, Vishal Mega Mart, and Sai Life Sciences have garnered significant interest, but they show varying levels of investor enthusiasm and grey market premiums (GMPs). Here’s a breakdown: 1. **MobiKwik**: The ₹572 crore IPO has been highly subscribed, with retail interest 26 times over, and a GMP of ₹136. This suggests a potential listing price of ₹415, marking a premium of 48.75%. Its fintech focus offers strong growth potential, making it an attractive option for aggressive investors. Source:- bbc news 2. **Vishal Mega Mart**: Targeting ₹8,000 crore through its IPO, it saw a moderate response, with retail…