Author: anglo

In a symbolic moment during his oath-taking as Deputy Chief Minister of Maharashtra on December 5, 2024, Eknath Shinde invoked the name of his mentor, Balasaheb Thackeray, founder of the Shiv Sena, pledging to uphold his ideals and legacy. Shinde, who has been a key figure in the state’s politics, expressed his commitment to continuing Thackeray’s vision of Hindutva and the welfare of the people of Maharashtra. Source:-bbc news Addressing a gathering of party leaders and supporters, Shinde highlighted that his decision to take the oath was deeply influenced by the ideals that Balasaheb espoused throughout his life. “I am…

In his first press conference after the 2024 Maharashtra Assembly elections, Devendra Fadnavis, the Deputy Chief Minister of Maharashtra, asserted that his party would not relent in its efforts to complete the ambitious goals set for the state. He emphasized the commitment of the Bharatiya Janata Party (BJP) to push forward with its development agenda, stating that the party’s work would continue unabated, regardless of the electoral results. Source:- BBC news Fadnavis took the opportunity to highlight the achievements of the previous BJP-led government, particularly in infrastructure, governance, and economic reforms. He expressed confidence in the party’s ability to further…

Gold prices saw a slight decline on December 5, 2024, reflecting weak global cues amid a stronger dollar and mixed signals from major economies. As of today, gold is trading lower, with spot prices dropping by approximately $5 to $1,842 per ounce. This dip comes after a period of relative stability in gold prices, following a series of gains earlier in the week driven by geopolitical tensions and concerns about inflation. Source:- bbc news The primary factor contributing to the decline in gold prices is the strength of the U.S. dollar. A stronger dollar makes gold more expensive for holders…

Foreign investors have purchased over $1 billion worth of Indian bonds, driven by expectations that the Reserve Bank of India (RBI) may ease its monetary policy following recent GDP data. This surge in bond buying follows India’s strong economic performance, as evidenced by the latest GDP report, which indicated resilient growth despite global challenges. Source:- bbc news India’s economy grew by 5.5% in the second quarter of 2024, surpassing market expectations. This growth has bolstered investor sentiment, leading many to anticipate that the RBI may adopt a more dovish stance to support further economic expansion. The central bank had previously…

South Korean President Yoon Suk-yeol is facing an impeachment petition following his declaration of martial law, which was issued to curb protests and unrest. The petition quickly gained over 1 million signatures, reflecting widespread dissatisfaction and fear about potential abuse of power. Source:- bbc news The opposition parties, particularly the Democratic Party, have used this momentum to push for a formal parliamentary discussion. However, legal experts suggest that while the petition is gaining support, it faces significant challenges in the National Assembly, as there is little legal precedent to justify impeachment based solely on a martial law declaration. Source:- news…

The recent controversy surrounding the Shiromani Akali Dal (SAD) and its leadership, particularly with Sukhbir Singh Badal, has intensified following the alleged assassination bid targeting him at the Golden Temple. The event has sparked a political war between Congress, AAP, and the SAD, leading to heated debates over the involvement of Khalistani groups and the broader issue of national security. Source:- BBC news The Shiromani Akali Dal, under the leadership of Sukhbir Badal, has blamed external elements, particularly from Canada, for exacerbating tensions within Punjab and supporting Khalistani movements. They allege that the rise in these movements is directly linked…

In South Korea, the implementation of martial law in 1980 was a key event that shaped the country’s political landscape. On May 17, 1980, after a military coup led by General Chun Doo-hwan, martial law was expanded nationwide. This move was part of Chun’s effort to consolidate his power after a series of student-led protests calling for democratic reforms and the removal of authoritarian rule. Initially, martial law had been imposed in select regions, but following the coup, it was extended across the entire nation, significantly restricting freedoms and civil rights. Source:- bbc news The martial law led to the…

The OECD has forecasted that the global economy will experience steady growth in 2024, followed by an acceleration in 2025. This projection is primarily based on the easing of inflationary pressures in key economies like the United States, Eurozone, and major emerging markets. The improving economic outlook, bolstered by the recovery in consumer spending and industrial activity, is expected to pave the way for stronger global expansion. Source:- bbc news However, the report also highlights that risks remain. Geopolitical tensions, such as the ongoing conflicts and trade disputes, along with high global debt levels, continue to pose challenges to global…

CLSA expects the recent tariff hikes in India’s telecom sector to strengthen the market position of Bharti Airtel and Reliance Jio, while Vodafone Idea (VIL) faces challenges due to its financial constraints. Bharti Airtel is predicted to lead with an ARPU (Average Revenue Per User) target of ₹236 by FY25, aiming for ₹300 in the longer term. These hikes, coupled with 5G rollouts, are likely to drive sector revenue growth at a CAGR of 14% to reach ₹2.85 lakh crore by FY25 Source:- bbc news While Jio and Airtel are anticipated to gain market share, VIL continues to struggle with…

INDIA Bloc Stages Walkout from Parliament Over Adani Bribery Allegations The INDIA coalition staged a dramatic walkout from the Parliament, demanding a thorough investigation into bribery allegations against the Adani Group. The accusations, originating from U.S. Securities and Exchange Commission (SEC) findings, alleged that the Adani Group paid substantial bribes to secure renewable energy contracts in multiple Indian states. The INDIA bloc criticized the BJP-led government for its inaction and lack of transparency regarding the allegations. Source:- bbc news The opposition demanded a Joint Parliamentary Committee (JPC) probe, asserting that such serious charges tarnish India’s global image and call for…

Regan Acharya, a prominent lawyer representing Chinmoy Das, was reportedly attacked and his chambers vandalized in Bangladesh, with the claims coming from ISKCON Kolkata. The violent incident follows a contentious legal case involving Chinmoy Krishna Das, a Hindu priest, who was arrested on charges of sedition after allegedly desecrating the national flag of Bangladesh. The attack on Acharya has sparked concerns regarding the safety and security of lawyers involved in politically sensitive cases, as well as the growing tensions in Bangladesh related to the case. Source:- bbc News Chinmoy Krishna Das had been vocal in his advocacy for the rights…

In his statement to the Lok Sabha, External Affairs Minister S. Jaishankar provided an update on the state of India-China relations, highlighting a shift towards improvement after a period of tension. The relationship had been deeply affected since 2020, following violent clashes in the Galwan Valley that led to fatalities and escalated border tensions. Jaishankar acknowledged that while the ties were “abnormal” due to these disruptions, recent diplomatic and military efforts have set the stage for progress. Source:- bbc news He emphasized that the key to restoring normalcy in the relationship is peace along the Line of Actual Control (LAC).…

In 2024, Russia’s crude oil and liquefied natural gas (LNG) shipments to Asia are facing a slight decline despite increased demand in some countries. This is largely due to the shifting dynamics in Russia’s energy markets, compounded by sanctions and geopolitical tensions. Russia has focused on Asia to counter the impact of Western sanctions, especially in countries like China and India, which have become key importers of Russian energy supplies. However, several challenges hinder growth in these shipments. Source:- bbc news Firstly, logistical difficulties and sanctions have led to reduced volumes of Russian crude oil. The development of infrastructure in…

A Delaware judge has rejected Elon Musk’s controversial $56 billion compensation plan, a deal that would have made Musk one of the highest-paid executives in history, contingent on Tesla achieving ambitious growth targets. The ruling follows a lawsuit filed by Tesla investor Richard Tornetta, who argued that the board of directors misled shareholders during the approval process. The judge found that the company’s proxy statement misrepresented the independence of key directors and omitted vital information about the compensation structure. Source:- bbc news Musk’s pay package, which did not guarantee any salary, was based on meeting 12 performance milestones tied to…

combining two industry giants to create a formidable force in the sector. This partnership, announced in December 2024, aims to revolutionize the media space by leveraging Reliance’s vast consumer base and infrastructure along with Disney’s global entertainment content and expertise. Source:- bbc news The JV will focus on expanding Disney’s footprint in India, particularly in the digital streaming market, where Disney+ Hotstar already has a significant presence. Reliance, with its robust telecom network through Jio and its retail reach, is expected to provide the technical backbone and distribution channels necessary to fuel the growth of this collaboration. The partnership is…

Protesting farmers in Noida, Uttar Pradesh, have finally cleared their protest site after breaking through barricades that had been blocking key roads for several days. The farmers, who had been demonstrating against the government’s agricultural policies, left the location on December 2, 2024, after several hours of tension and clashes with security forces. The protest had caused significant disruptions in the region, including heavy traffic jams and delays in public transportation. Source:- bbc news The farmers, who had set up camp in Noida, were demanding the repeal of certain farm laws they believe undermine their livelihoods. These protests were part…

Maharashtra’s next Chief Minister is set to be announced on December 4, 2024, following intense political discussions and negotiations among the major parties in the state. The announcement comes after months of speculation and a tightly contested election, which saw several shifts in alliances and political strategies. The new Chief Minister will succeed the current leadership, marking a significant turning point in the state’s political landscape. Source:- bbc News The decision on who will take the reins of Maharashtra is expected to be the result of behind-the-scenes discussions among the state’s key political players, including leaders from the Shiv Sena,…

The International Cricket Council (ICC) president has expressed grave concerns over the future of the war crimes tribunal, indicating that it is at risk due to escalating political pressures and challenges to its independence. The president emphasized that the integrity of such a tribunal is crucial for international justice, especially as it holds individuals accountable for the most serious violations of international law, including war crimes, genocide, and crimes against humanity. Source:- bbc news In recent years, the tribunal has faced increasing difficulties, from funding shortages to political interference from various governments. These issues have raised doubts about its ability…

The Union Budget 2025 is expected to introduce significant reforms, particularly in the realm of direct taxation, with a focus on simplifying the tax system and promoting transparency. One of the key changes under consideration is the implementation of the Direct Tax Code (DTC), a comprehensive set of reforms designed to replace the existing Income Tax Act, which has been in place since 1961. The DTC is seen as an attempt to modernize the tax system by aligning it with global standards, reducing litigation, and offering greater clarity. Source:- bbc news Key proposed changes under the DTC include a reduction…

Devendra Fadnavis, the Bharatiya Janata Party (BJP) leader and former Chief Minister of Maharashtra, is reportedly being considered for the Chief Minister’s post once again. According to a senior BJP leader, Fadnavis’ name has been finalized for the top position in the state. The decision comes amidst ongoing discussions within the party regarding leadership roles in Maharashtra. Source:- bbc news Fadnavis, known for his administrative skills and strong leadership, served as the Chief Minister of Maharashtra from 2014 to 2019. His tenure was marked by significant developmental projects and political strategies that bolstered the BJP’s presence in the state. Despite…

AAP MLA Claims False Accusation New Delhi: Aam Aadmi Party (AAP) MLA Naresh Balyan has alleged that a recent extortion case filed against him is fabricated and politically motivated. Balyan, who represents the Matia Kalan constituency in Delhi, has accused the Bharatiya Janata Party (BJP) of exerting pressure on the Delhi Police to frame him. Source:- bbc news In a press conference, Balyan stated, “This is a clear case of political vendetta. I have been targeted by the BJP because of my unwavering support for the AAP government.” He further claimed that the accusations are baseless and that he has…

Economic Recovery: The ongoing economic recovery post-pandemic has led to increased business activity and consumer spending. As businesses resume operations and consumer confidence grows, there’s a corresponding rise in economic transactions, which directly impacts GST collections. improved Compliance: Government efforts to strengthen GST compliance measures, such as stricter enforcement and technological advancements, have yielded positive results. Source:- bbc news Increased scrutiny and penalties for non-compliance have encouraged businesses to adhere to tax regulations more rigorously. Technological Advancements: The adoption of technology in tax administration has streamlined processes and enhanced efficiency. Source:- news 18 Digital platforms and automation tools have made…

Reliance-Disney JV: A Media Titan Arrives A New Era in Indian Entertainment Reliance Industries Limited (RIL) and The Walt Disney Company have joined forces to create a media powerhouse in India. The joint venture, valued at approximately US$8.5 billion, brings together popular brands like ‘Star’, ‘Colors’, ‘JioCinema’, and ‘Hotstar’ under one umbrella. Source:- bbc news Key Highlights of the Joint Venture: Combined Strength: The merger leverages the strengths of both companies, combining Disney’s global content library with Reliance’s strong distribution network and digital capabilities. Source:- news 18 Expanded Content Library: The joint venture will offer a diverse range of content,…

GST Collections Surge in November New Delhi: India’s Goods and Services Tax (GST) collections have witnessed a significant boost, reaching Rs 1.82 lakh crore in November 2024. This marks an impressive 8.5 percent increase compared to the same period last year. Key Highlights Source:- bbc news Total Gross GST Revenue: The total gross GST revenue for November 2024 stands at Rs 1.82 lakh crore, surpassing the Rs 1.68 lakh crore collected in November 2023. Domestic Transactions: GST from domestic transactions saw a robust growth of 9.4 percent, contributing to Rs 1.40 lakh crore of the total revenue. Source:- news 18…

Tamil Nadu Chief Minister MK Stalin has confirmed that the state is bracing for the landfall of a severe weather system today, which is expected to bring continuous heavy rainfall over the next two days. The system, which has intensified into a cyclonic storm, is predicted to make landfall along the Tamil Nadu coast, impacting several districts, particularly in the southern and central regions of the state. Source:- bbc news In response to the developing situation, CM Stalin urged the public to stay vigilant and follow safety guidelines issued by the state authorities. He assured that the government had mobilized…

Taiwan’s President Tsai Ing-wen emphasized Taiwan’s role as a contributor to global peace and stability as she departed for Hawaii on a diplomatic trip. Speaking at the airport, Tsai highlighted Taiwan’s commitment to fostering international partnerships rooted in shared democratic values. She described Taiwan as a “force for good” in the region, contributing to peace, stability, and prosperity despite challenges posed by Beijing’s efforts to isolate the island diplomatically Source:- bbc news Tsai’s visit comes amid heightened tensions with China, which considers Taiwan a breakaway province and has been increasing military pressure on the island. However, Tsai reiterated that Taiwan’s…

Cyclone Fengal, a severe cyclonic storm in the Bay of Bengal, has brought significant disruptions across Tamil Nadu. The Chennai airport has been shut as a precaution, with several flights, including those operated by IndiGo, suspended. Authorities have intensified preparations ahead of the cyclone’s expected landfall near Puducherry, with heavy rainfall and strong winds forecast for the region. Source:- bbc news The India Meteorological Department (IMD) has issued a red alert for Tamil Nadu and Puducherry, warning of wind speeds reaching 100-120 km/h during landfall. Coastal districts, including Cuddalore and Nagapattinam, are bracing for heavy downpours and potential flooding. Fishermen…

Bank credit growth in India moderated to 12.8% in October 2024, marking a slowdown from the 17.2% recorded in the same period last year, according to data released by the Reserve Bank of India (RBI). The deceleration is attributed to a combination of higher borrowing costs, subdued demand in certain sectors, and a high base effect from the previous year. Source:- bbc news On a month-over-month basis, credit growth exhibited marginal improvement compared to September 2024, when it stood at 12.4%. Analysts suggest this indicates stabilization in credit demand, albeit at a slower pace than the previous fiscal year. Source:-…

Greg Rowley, a former Australian first-class pace bowler who has since become a successful lawyer and Cricket Australia official, reminisced about the good old days of the Prime Minister’s XI (PM’s XI) tradition and his memorable moment of taking Sachin Tendulkar’s wicket in 1991. SOURCE : ZEE Rowley, now in his mid-50s, was just 23 years old when he played in the 1991 PM’s XI game at Manuka Oval in Canberra. The game was a significant event in Australian cricket, providing a platform for talented youngsters to showcase their skills alongside seasoned players1. Rowley, who grew up in Canberra but…

Chief Economic Advisor V. Anantha Nageswaran has highlighted three key reforms to accelerate India’s economic growth: deregulation, increased state capacity for capital expenditure, and improved hiring policies in the private sector. Speaking at a recent event, he emphasized the need for structural reforms that streamline regulatory frameworks, foster private sector dynamism, and boost investment. Source:- bbc news Deregulation, according to Nageswaran, is crucial to reducing bureaucratic hurdles and creating a more conducive environment for business growth. Simplifying procedures can enhance ease of doing business, encourage innovation, and attract foreign direct investment (FDI). Source:- news 18 The Chief Economic Advisor also…

India’s fiscal deficit for the period April-October 2023 has narrowed to ₹7.51 trillion, showing a significant improvement over the same period last year. The government has managed to bring down the deficit, which is a key indicator of fiscal health, by effectively controlling expenditure and boosting revenue collection. This reduction is seen as a positive sign of fiscal consolidation, with the deficit standing at 40.1% of the full-year target for 2023-24, compared to 45.6% in the previous year. Source:- bbc news The narrowing of the fiscal deficit has been driven by a stronger-than-expected growth in tax revenues, particularly from goods…

The resignation of the UK’s Transport Secretary, Grant Shapps, has dealt a significant setback to Labour Party leader Keir Starmer, as it further compounds the political challenges faced by the opposition. Shapps, a senior figure in the Conservative Party, announced his resignation following a series of controversies surrounding his handling of transportation issues, including delays and disruptions to major rail services, and his involvement in policy decisions that have drawn criticism. Source:- bbc news Shapps’ resignation marks a moment of instability for Prime Minister Rishi Sunak’s government, which had already been facing challenges over inflation, rising living costs, and public…

India has urged the government of Bangladesh to take immediate measures to protect the rights and safety of minority communities, particularly Hindus, following recent reports of rising violence and discrimination. The Indian government emphasized the importance of safeguarding the religious and cultural freedoms of minorities, ensuring they can live without fear of persecution. Source:- bbc news The call for action comes amid reports of attacks on Hindu temples, homes, and businesses, often linked to political unrest in Bangladesh. These incidents have raised alarms in India, where concerns over the safety of its neighboring country’s minority communities are a long-standing issue.…

The Winter Session of Parliament has faced significant disruptions in its first week, with the Lok Sabha meeting for less than an hour on multiple days. The proceedings have been marred by ruckus over issues such as the Adani Group controversy, price rise, and demands for caste-based census, leaving legislative work largely stalled. Source:- bbc news Opposition parties have been vocal in demanding a Joint Parliamentary Committee (JPC) probe into allegations against the Adani Group, alleging irregularities and lack of transparency. They have also raised concerns over rising inflation, unemployment, and the delay in implementing a caste-based census. These demands…

India has expressed concerns over the increasing incidents of violence against Hindus and other minority communities in Bangladesh, urging the interim government in Dhaka to ensure their safety and protect their rights. The call comes amidst reports of targeted attacks against minorities, particularly Hindus, during the ongoing political unrest ahead of Bangladesh’s general elections. Source:- bbc news India has long-standing historical and cultural ties with Bangladesh, with shared interests in maintaining peace and stability in the region. Any communal unrest in Bangladesh is of concern to India, as it not only affects bilateral relations but also raises fears of cross-border…

An Indian-origin neurosurgeon in the U.S., Dr. Rajesh Bindal, has been fined over $2 million for Medicare fraud. The 53-year-old was found guilty of falsely claiming to have performed surgeries involving the implantation of electro-acupuncture devices, procedures that are typically carried out in operating rooms. However, Bindal had instead taped the devices behind patients’ ears, which often fell off within days. Source:- bbc news Federal investigators uncovered that these procedures were not only falsely billed but were sometimes carried out by non-surgeons, such as device sales representatives or physician assistants, in an improper clinic setting. Dr. Bindal’s actions, which involved…

Chinmoy Krishna Das, a prominent Hindu leader and ISKCON monk from Bangladesh, was arrested in Dhaka for his involvement in a peaceful protest highlighting the persecution of Hindus in the country. The protest, held on November 25, 2024, drew attention to the challenges faced by the Hindu minority group in Bangladesh, particularly in the wake of increasing religious intolerance and violence. The arrest took place at Dhaka Airport, where he was detained by police and taken to the Detective Branch for questioning​ Source:- bbc news Former Bangladesh Prime Minister Sheikh Hasina, who was ousted earlier this year, has condemned the…

The United Nations’ recent report highlights significant disparities in wage recovery across the globe following the pandemic. While countries like China and Russia have seen substantial gains in wages, many developed economies are struggling to recover at the same pace. This uneven recovery is largely due to inflationary pressures in wealthy nations, where wages have failed to keep up with rising costs, deepening the financial strain on households. Source:- bbc news In countries such as China, the wage recovery has been stronger, fueled by rapid economic growth and government policies that focus on bolstering the labor market. Russia has also…

Hemant Soren, the soon-to-be Chief Minister of Jharkhand, recently took a sharp dig at the Bharatiya Janata Party (BJP), alleging that whenever the party faces defeat in elections, it resorts to targeting tribal communities. Soren’s comments came in the wake of his resounding victory, as his JMM-led alliance emerged with a decisive majority in the state assembly elections, securing 56 out of 81 seats. Despite facing legal troubles, including an investigation into money laundering, Soren’s party managed to retain power, much to the BJP’s disappointment. Source:- bbc news Soren’s remarks reflect ongoing political tensions between his party and the BJP.…

The Indian Railways has formed a panel to investigate the lapses identified by the Commissioner of Railway Safety (CRS) in the construction of the new Pamban Bridge. The CRS, in his letter to Southern Railway, highlighted several issues with the bridge, including non-RDSO standard lift span girder and deviations from codal provisions. Source:- bbc news The panel, which will be headed by a senior railway official, will examine the design, construction, and safety aspects of the bridge. It will also look into the role of the RDSO in the project. The panel is expected to submit its report within two…

Maye Musk, mother of tech billionaire Elon Musk, has shed light on the unique friendship between her son and former U.S. President Donald Trump, humorously likening their dynamic to “toddlers on a playdate.” Speaking candidly, Maye described their bond as both amusing and unpredictable, with moments of camaraderie often overshadowed by potential disagreements. Source:- bbc news She emphasized that while Elon and Trump share similar traits, such as being unfiltered, highly ambitious, and commanding strong public personas, their shared penchant for controversy could lead to an inevitable clash. “Both are used to getting their way, and when two strong personalities…

The Delhi and Mumbai International Airports Limited (DIAL) and Mumbai International Airport Limited (MIAL) have been issued notices by the Delhi High Court in response to a plea filed by the Airports Authority of India (AAI). The AAI is seeking a review of a 2006 agreement that governs revenue sharing between the airport operators and the authority. Source:- bbc news The AAI, in its plea, contends that the 2006 agreement is outdated and no longer aligns with the current economic landscape. The authority argues that the revenue sharing model, which was established at a time when the aviation sector was…

India-China Trade: A Troubling Discrepancy A recent report has revealed a significant discrepancy of $18 billion in India’s trade data with China. This alarming disparity highlights a potential trade imbalance and raises questions about the accuracy of the reported figures. The discrepancy was uncovered by a joint investigation conducted by The Indian Express and the Centre for Advanced Research (CAR). The report suggests that India’s imports from China could be significantly higher than officially reported, potentially impacting the country’s trade deficit. Source:-bbc news The discrepancy could be attributed to various factors, including under-invoicing, misclassification of goods, and smuggling. These practices…

Parliament Stalemate: Lok Sabha, Rajya Sabha Adjourned Amid Adani Row The winter session of Parliament saw its third day marred by disruptions as the INDIA bloc continued its protests over the Adani Group controversy. Both the Lok Sabha and Rajya Sabha were adjourned for the day on Wednesday, November 27, 2024, as opposition members raised slogans and demanded a Joint Parliamentary Committee (JPC) probe into the allegations against the conglomerate. Source:- bbc news The opposition’s demand for a JPC probe intensified following a recent indictment in a US court, which alleged that the Adani Group bribed officials to secure power…

Siemens shares surged 5% on Wednesday, November 27, 2024, following the release of its impressive fourth-quarter results. The company reported a 45.4% year-on-year (YoY) increase in net profit to Rs 830.7 crore, while revenue rose 11.3% YoY to Rs 6,461.1 crore. Source:- bbc news Analysts were quick to react to the positive results, with many expressing optimism about the company’s future prospects. Global brokerage firm Siemens noted that the company’s balance sheet had improved as electrification led industries. However, the firm maintained a “neutral” rating on the stock with a target price of Rs 8,000. Source:- bbc news Other analysts…

Russia has expelled six British diplomats, accusing them of engaging in espionage and subversive activities aimed at undermining the country. The Federal Security Service (FSB) stated that these diplomats were allegedly sent by the UK Foreign Office with a mandate to weaken Russia strategically. The expulsion follows escalating tensions between Russia, the UK, and the West, particularly amid ongoing support for Ukraine from the UK and the US. This move highlights the growing diplomatic rift and comes in the wake of increased aid to Ukraine by Western powers​ Source:- bbc news This incident marks a significant diplomatic clash, underscoring the…

The Election Commission of India (ECI) has announced that bypolls for six vacant Rajya Sabha seats will be held on December 20, 2024. These seats were vacated following the resignations of key members from various states: three from Andhra Pradesh, one from Odisha, one from West Bengal, and one from Haryana. Notable among these is the resignation of Venkatramana Rao, Beedha Masthan Rao, and Rayaga Krishnaiah, all from Andhra Pradesh, and others from the aforementioned states. Source:- bbc news The bypolls will use the proportional representation system with the single transferable vote (STV), a method that involves Members of the…

Congress President Mallikarjun Kharge has reignited the debate over the use of electronic voting machines (EVMs) in Indian elections, strongly advocating for a return to the traditional ballot paper system. Speaking at a party event, Kharge emphasized that EVMs have been a contentious issue, with several political parties and experts raising concerns about their credibility and vulnerability to tampering. Source:- bbc News Kharge argued that the use of ballot papers would ensure greater transparency and instill confidence among voters. He stated that ballot papers provide a verifiable and tangible method of voting, which can be easily cross-checked in case of…

The NTPC Green Energy IPO has seen its grey market premium (GMP) dip to flat levels following the completion of allotment, a correction from its earlier premium of ₹0.80. The IPO, which aimed to raise ₹10,000 crore through fresh issues priced at ₹102-₹108 per share, attracted robust participation, with an overall subscription of 2.37 times. Retail investors were particularly active, oversubscribing their category by 2.54 times, while institutional investors showed more measured interest​ Source:- bbc news The allotment process concluded on November 25, and shares are expected to be credited to successful bidders by November 26. Listing on the NSE…

S&P Global has revised its growth forecast for India’s GDP for the fiscal years 2026 and 2027, projecting a moderation in the country’s economic growth. While India’s GDP is expected to grow at 6.8% in FY25, this rate marks a slight slowdown from the impressive 8.2% growth recorded in FY24. This growth forecast for FY25 reflects a high base from the previous year, coupled with factors such as a high-interest rate environment, which is expected to temper domestic demand​ Source:- bbc news India continues to be the fastest-growing large economy globally, despite the moderation, and S&P anticipates that growth will…