Author: anglo
The Winter Session of India’s Parliament officially began on November 25, 2024, with the Lok Sabha adjourning till 12 noon shortly after proceedings started. The session is set to run until December 20, 2024, and is expected to witness critical discussions on several key legislative matters, including the Waqf (Amendment) Bill and the controversial “One Nation, One Election” proposal Source:- bbc news The session’s first day also included discussions around the observance of Constitution Day, which will take place on November 26, marking the 75th anniversary of the adoption of the Indian Constitution. The President of India, Droupadi Murmu, has…
Balasubramanian Ramesh, a 73-year-old Indian national, has been charged in Singapore for allegedly molesting four women on a Singapore Airlines flight from the US to Singapore on November 18, 2024. The accused was arrested after multiple incidents were reported, where he is accused of molesting one woman four times and the others once each. The allegations state that the offenses occurred over several hours of the flight, starting at around 3:15 AM, and continued until late afternoon. Source:- bbc news Ramesh faces seven charges related to molestation. He allegedly targeted his victims at different times, and the incidents were reported…
Uddhav Thackeray’s Shiv Sena (UBT) has once again reminded Maharashtra Chief Minister Eknath Shinde of his 2022 promise to leave politics if any of the 40 rebel MLAs who joined him during the split were defeated in subsequent elections. In light of the recent Maharashtra Assembly results, where five of these rebel MLAs were defeated, including key figures like Sada Sarvankar and Yamini Jadhav, the Shiv Sena (UBT) has demanded that Shinde fulfill his commitment. Source:- bbc news This has become a point of contention between the two factions, as Shinde’s leadership of the rebel group, which split from the…
Apple’s iPhone production in India has seen impressive growth, with exports surpassing $10 billion FOB (Free on Board) in 2024. This marks a significant achievement as India becomes a key manufacturing hub for Apple. The country now accounts for approximately 14% of Apple’s global iPhone production value. This growth is driven by Apple’s shift away from China, with local production benefiting from the government’s Production-Linked Incentive (PLI) scheme. Apple aims to further expand its production in India, with plans to increase its share to 23-25% by the end of FY26. Source:- bbc news Apple’s vendors in India, including Tata Electronics,…
Chinese Man Wins Rs 40 Lakh Compensation After Being Fired for Napping In a surprising turn of events, a Chinese man has been awarded a substantial compensation of Rs 40.78 lakh after being unfairly dismissed from his job for taking a short nap at work. The man, identified as Zhang, had been working late the previous night and decided to rest his eyes at his desk. However, his brief nap was caught on CCTV footage, leading to his termination. Source:- bbc news Undeterred, Zhang took legal action against his employer, arguing that the punishment was too severe for a minor…
Pakistan Seeks Ceasefire in Deadly Sectarian Clashes Pakistan’s government is urgently seeking a ceasefire after days of intense sectarian clashes in the northwestern province of Khyber Pakhtunkhwa. The violence, rooted in a longstanding land dispute, has tragically claimed the lives of over 68 people and injured many more. Source:- bbc news A government delegation, led by provincial officials, has been dispatched to the conflict zone to engage with tribal leaders from both Shia and Sunni communities. The aim is to de-escalate tensions and establish a lasting peace. Source:- news 18 The clashes, which erupted in the Kurram district, have led…
Canadian Prime Minister Justin Trudeau has faced criticism over alleged intelligence missteps regarding the controversial claims linking Indian leaders, including Prime Minister Narendra Modi and External Affairs Minister S. Source:- bbc news Jaishankar, to the killing of Khalistani separatist Hardeep Singh Nijjar. Recent Canadian media reports speculated about India’s leadership’s knowledge of the plot. However, the Trudeau government denied these allegations, labeling them as “speculative and inaccurate,” and clarified that there is no evidence implicating Indian officials in criminal activities within Canada Source:- news 18 This development follows a strained diplomatic relationship between Canada and India, exacerbated by the Nijjar…
Adani Group CFO Clarifies: No Indictment Against Public Companies Adani Group’s Chief Financial Officer, Jugeshinder Singh, has clarified that none of the group’s 11 public companies have been indicted in the recent US bribery charges. The allegations, as outlined in a US court filing, specifically target a single contract within Adani Green Energy, which constitutes approximately 10% of the subsidiary’s operations. Source:- bbc news Singh emphasized that the charges are not directed at any of the group’s publicly listed entities. While acknowledging that the group was aware of ongoing investigations, the specific details of the US charges were only revealed…
Municipal corporations in India face a severe revenue crunch, with their receipts representing a mere 0.6% of the GDP in 2023-24. This stark contrast with the Central and State governments’ receipts (9.2% and 14.6% respectively) highlights the financial constraints plaguing urban governance. Source:- bbc news The limited revenue base of municipal corporations hampers their ability to deliver essential services like water supply, sanitation, and waste management. This, in turn, impacts the overall quality of urban life and hinders India’s urban development agenda. Source:- news 18 Several factors contribute to this financial predicament. Property tax, a major source of revenue, is…
In New York, a law that previously criminalized adultery was officially repealed, making cheating on a spouse no longer a criminal offense in the state. This change reflects a broader shift in legal perspectives on marriage and personal relationships, where the government is stepping back from regulating private matters between consenting adults. While this repeal signifies a modernization of laws related to marriage, it is important to note that cheating is still considered a crime in several states across the U.S. Source:- bbc news As of now, 16 states maintain adultery as a criminal offense, though in most cases, it…
The Maharashtra election results for 2024 show a competitive landscape among the BJP, Congress, Shiv Sena, and NCP factions. BJP secured major wins, including key constituencies like Nagpur (Nitin Gadkari) and Mumbai North (Piyush Goyal). Source:- bbc news Shiv Sena (Eknath Shinde camp) achieved victories in areas such as Hingoli and Thane. Congress performed well in constituencies like Kolhapur (Chhatrapati Shahu Shahaji) and Nanded (Chavan Vasantrao Balwantrao). NCP (Sharad Pawar faction) maintained a significant presence with wins in Raigad and Dindori. Source:- news 18 The Uddhav Thackeray-led Shiv Sena faction marked its strength in constituencies like Mumbai North East and…
Japan has approved a substantial $141 billion economic stimulus package aimed at bolstering the country’s economy and alleviating the burden of rising living costs for its citizens. This package, which is one of the largest in Japan’s history, is designed to address several key economic challenges, including inflation, sluggish domestic consumption, and an aging population. Source:- bbc news The stimulus plan includes direct cash payments to households, particularly to those facing the highest cost-of-living increases. Vulnerable groups, such as low-income families, will receive financial assistance to help with rising food and energy costs. In addition to direct aid, the package…
Delhi Lieutenant Governor (L-G) VK Saxena recently praised the remarkable progress and transformation of a significant project in the national capital, calling it “a thousand times better than its predecessor.” While addressing the media, Saxena highlighted the improvements in infrastructure, execution, and overall impact of the project, attributing its success to meticulous planning and teamwork. Source:- bbc news He commended the dedication of the teams involved and emphasized the importance of such developments for the city’s future growth and residents’ well-being. Saxena also stated that the new initiative sets a benchmark for upcoming projects and reflects the government’s commitment to…
Women fund managers are steadily rising in India’s financial landscape, but they remain a minority in the male-dominated industry. According to recent data, women constitute less than 10% of fund managers in the country, despite their consistent performance and growing influence. Source:-bbc news Barriers to Entry The underrepresentation stems from systemic challenges, including limited mentorship opportunities, traditional gender roles, and bias in hiring. Many women face difficulty balancing demanding careers in finance with societal expectations. Furthermore, networking within the industry often favors men, creating fewer opportunities for women to advance. Source:- news 18 Performance Highlights Despite these challenges, women fund…
Strengthening institutions to combat air pollution is crucial for addressing one of the most pressing environmental challenges of our time. Air pollution, which affects millions of lives globally, demands a coordinated, multi-level approach involving governments, regulatory bodies, and non-governmental organizations. Empowering and reinforcing institutions tasked with tackling air pollution is a vital step in ensuring sustained progress toward cleaner air. Source:-bbc news At the national level, governments must bolster the capacity of environmental agencies, such as the Environmental Protection Agency (EPA) in the U.S. or the Central Pollution Control Board (CPCB) in India, to enforce stricter pollution control regulations. These…
The Congress party and its leader Rahul Gandhi have intensified their criticism of billionaire Gautam Adani following allegations of a $250 million bribery scheme in the US. Reports suggest that Adani’s company bribed Indian officials to secure favorable treatment, triggering widespread political uproar. Source:- bbc news Rahul Gandhi, seizing on the controversy, accused the Modi government of shielding Adani, questioning why the tycoon has not faced legal scrutiny in India despite mounting allegations. “Adani is out of jail because of his connections with the government,” Gandhi alleged, asserting that the controversy reflects a deeper nexus between big business and political…
India’s services sector drove a significant boost in business activity in November, even as manufacturing growth experienced a slight deceleration. The S&P Global India Services PMI rose to 61.7 in November from 60.5 in October, marking the 27th consecutive month of expansion in the sector. The robust performance was attributed to strong demand, improved client confidence, and an uptick in new orders across domestic and international markets. Source:- bbc news In contrast, the manufacturing sector saw a marginal slowdown, with the Manufacturing PMI easing to 57.5 from 58.5 in October. While still firmly in expansion territory, this marks a moderation…
The Modi government has listed 15 legislations, including the Waqf Properties (Eviction of Unauthorized Occupants) Bill, 2023, for the Winter Session of Parliament. Scheduled from December 7 to December 22, the session will focus on significant reforms and policy updates. Source:- bbc news The Waqf Bill aims to streamline the management of Waqf properties and facilitate the eviction of unauthorized occupants. Waqf properties are assets donated for religious or charitable purposes under Islamic law. This legislation seeks to address disputes, misuse, and encroachments while promoting transparency in their management. It underscores the government’s efforts to modernize and regulate religious and…
The Winter Session of Parliament is set to begin on Monday, with significant political friction expected over issues surrounding industrialist Gautam Adani. Allegations of financial misconduct and bribery have raised concerns, providing ammunition for opposition parties led by Congress to target the government. Source:- bbc news Congress leader Rahul Gandhi and other opposition members are set to demand clarity and accountability over accusations of a $250 million bribery case involving Adani in the United States. The government, while likely to focus on showcasing its legislative agenda and economic achievements, will face a tough time deflecting these allegations. Source:- news 18…
On the November 18 episode of The View, co-hosts Sunny Hostin and Alyssa Farah Griffin had a heated debate about voter motivations in the recent election. The disagreement centered around whether racism and misogyny influenced votes for Donald Trump or if voters were driven primarily by economic concerns. Source:- news 18 Hostin emphasized the persistence of systemic racism and cited voting patterns by race and education level, arguing these reflected deeper issues. Griffin, a former Trump staffer, countered that most voters prioritized economic stability and family welfare over social factors. Source:- bbc news As tensions escalated, the discussion turned into…
The Reserve Bank of India (RBI) Governor emphasized that price stability is the cornerstone of sustainable economic growth, highlighting its critical role in fostering an environment conducive to investment and long-term planning. Speaking at a recent event, the Governor underscored that controlling inflation is not merely a policy goal but a necessary condition for achieving inclusive growth and macroeconomic stability. Source:- bbc news High and volatile inflation erodes purchasing power, disproportionately affects the poor, and destabilizes economic expectations, the Governor noted. He stressed that maintaining price stability ensures a predictable economic environment, encouraging businesses to expand and consumers to spend,…
Northeast MPs Demand Action on Manipur Crisis, Call for President’s Rule The ongoing ethnic violence in Manipur has prompted strong reactions from Members of Parliament (MPs) from the Northeast, who are calling for decisive action from the Central Government. With over six months of unrest leading to significant loss of life and property, these leaders are questioning the Centre’s silence and urging the imposition of President’s Rule to restore order in the state. Source:- bbc news Manipur, which has been reeling under tensions between the Meitei and Kuki communities, has seen sporadic outbreaks of violence since May 2023. Despite measures…
The Congress party has intensified its attack on the Adani Group after reports emerged of US authorities investigating allegations of bribery against the company. The Opposition party has called for immediate action and reiterated its demand for a Joint Parliamentary Committee (JPC) probe into the group’s activities. Source:- bbc news Congress leader Jairam Ramesh took to social media, alleging that Gautam Adani remains free due to protection from Prime Minister Narendra Modi. Ramesh referred to accusations that the Adani Group bribed public officials in India to secure a port contract, as highlighted in US legal proceedings. He questioned why Indian…
Recent developments in the Adani Group case in the U.S. have escalated concerns beyond the allegations made by Hindenburg Research earlier this year. New court filings and disclosures by the SEC reveal investigations into potential violations of the Foreign Corrupt Practices Act (FCPA), including alleged bribery of government officials in India. These accusations focus on Adani’s use of offshore entities to obscure financial irregularities and influence regulatory approvals. Source:- bbc news The U.S. investigations are significant because they introduce legal risks with potential global repercussions, directly involving American regulators and courts. If proven, the findings could lead to severe penalties,…
Urban voters in India have long been criticized for their low voter turnout, which has been a major concern for electoral participation. Despite cities being the economic and political hubs of the country, a significant portion of the urban electorate tends to show apathy during elections. This issue has become more prominent in recent years, with many urban citizens feeling disconnected from the political process. Source:- bbc news One of the primary reasons for this apathy is the belief that their vote does not matter or that the existing political system is inefficient. In metropolitan areas, where voters are often…
In the 2019 assembly elections in Maharashtra and Jharkhand, exit polls were closely watched for indications of the results. In Maharashtra, most exit polls predicted a tight contest between the ruling Bharatiya Janata Party (BJP) and Shiv Sena alliance and the opposition Congress-Nationalist Congress Party (NCP) alliance. While the exit polls did suggest a close race, they were somewhat off in estimating the exact margin of victory. The BJP-Shiv Sena alliance secured a decisive win, surpassing the projected number of seats in some exit polls. Source:- bbc news In Jharkhand, exit polls similarly predicted a tough battle between the ruling…
Maharashtra Deputy Chief Minister Devendra Fadnavis has termed the ongoing cryptocurrency fraud issue as a “grave matter related to national security.” His statement comes amid growing concerns over the rise of cryptocurrency scams in India, with some high-profile cases allegedly involving money laundering and illegal activities linked to terrorist funding. Source:- bbc news Fadnavis’ comments come in response to allegations that several political figures might be involved or have knowledge of such fraudulent schemes. He stressed that authorities must act swiftly and decisively to investigate these cases, given the potential implications for India’s security and financial integrity. The issue has…
According to the Global Trade Research Initiative (GTRI), India’s services exports are projected to surpass its goods exports by the financial year 2030. This shift reflects the growing prominence of India’s services sector, which has been expanding rapidly in recent years, particularly in information technology (IT), business process outsourcing (BPO), and financial services. Source:- bbc news The GTRI report highlights the strong growth trajectory of India’s services exports, which have consistently outperformed goods exports in recent years. In FY23, services exports accounted for over 50% of India’s total exports, a trend that is expected to accelerate as the global demand…
Finance Secretary Tuhin Kanta Pandey has expressed confidence that the government will achieve its fiscal deficit target of 4.9% of GDP for the financial year 2024-25. Speaking at a recent event, Pandey emphasized that the fiscal consolidation path remains on track, aligning with the government’s commitment to maintaining fiscal discipline while supporting economic growth. Source:-bbc news The fiscal deficit for FY24 was pegged at 5.9% of GDP, with the target for FY25 reflecting a gradual reduction in line with the roadmap to achieve a fiscal deficit of 4.5% by FY26. Pandey highlighted that the government’s strategy includes boosting tax revenue,…
India’s rural consumption boom has been a key driver of the country’s economic growth in recent years. As rural incomes rise due to better agricultural yields, government schemes, and increased access to digital services, consumption patterns in rural areas are rapidly evolving. This shift is being fueled by a younger, more urbanized rural population with aspirations for better living standards and access to consumer goods. Source:- bbc news The growth in rural consumption is evident across various sectors, including automobiles, smartphones, packaged goods, and apparel. Companies are increasingly targeting rural markets, recognizing the rising disposable incomes and changing preferences. Rural…
Donald Trump Jr. and Elon Musk have publicly taken credit for Victoria Kjaer Theilvig’s victory as Miss Universe 2024, sparking widespread attention and some surprise. Theilvig, a Danish beauty queen, triumphed in the prestigious competition, and both Trump Jr. and Musk have hinted at their influence in her success. Source:- bbc news Trump Jr. was one of the first to praise Theilvig on social media, noting her alignment with values he supports. His endorsement was seen as part of his wider political and social commentary, as he often promotes candidates and causes he believes in. Musk, known for his bold…
BJP leader Vinod Tawde has been accused of arriving at a hotel in Virar with ₹5 crore in cash, allegedly to distribute for votes ahead of upcoming elections. The allegations, which were made by an opposition leader, have stirred controversy, with accusations of vote-buying and unethical practices. Tawde, however, has firmly denied these charges, calling them baseless and politically motivated. Source:- bbc news According to Tawde, the money was meant for legitimate purposes, and he has requested a thorough investigation to clear his name. He maintains that the accusations are an attempt to tarnish his reputation and derail the BJP’s…
Kailash Gahlot’s exit from the Aam Aadmi Party (AAP) and his switch to the Bharatiya Janata Party (BJP) is being seen as a significant development in the lead-up to the Delhi elections. Gahlot, a prominent AAP leader and former Delhi Cabinet Minister, was considered a key figure in the party’s strategy for governance in the capital. His move to the BJP has raised questions about the political future of AAP, with many viewing it as a potential game-changer for the upcoming polls. Source:- bbc news Gahlot’s defection is likely to have a psychological impact on AAP, which has prided itself…
Indian kirana stores are facing increasing pressure as quick commerce platforms continue to rise rapidly, reshaping the traditional retail landscape. Quick commerce, defined by ultra-fast delivery services typically within 10 to 30 minutes, is gaining popularity due to the growing demand for convenience and faster access to daily essentials. This new model is driven by startups and established players such as Blinkit, Zepto, and Grofers, which promise speed, efficiency, and a seamless online shopping experience. Source:-bbc news In contrast, kirana stores—traditional neighborhood grocery shops—have been the backbone of India’s retail sector for decades. They are favored for their personalized service…
Spirit Airlines, a leading U.S. ultra-low-cost carrier, has filed for Chapter 11 bankruptcy amid severe financial challenges. The airline has been struggling with mounting debt, reporting losses since 2020, and an inability to meet upcoming bond repayment deadlines. Recent merger talks with Frontier Airlines failed, leaving Spirit without a strategic partner to stabilize its operations. Source:- bbc news Despite the bankruptcy filing, Spirit Airlines will continue operating flights as it restructures. The company has secured $300 million in financing from existing bondholders to maintain operations during the bankruptcy process. Ticket sales, travel plans, and loyalty programs remain unaffected for customers.…
Apple’s primary manufacturing partner, Foxconn, has reportedly asked Indian recruiters to modify job advertisements for its factories by omitting certain traditional criteria, such as the requirement for candidates to be unmarried. This move signals the company’s intent to align its hiring practices with more modern and inclusive standards, especially as it expands its footprint in India. Source:- bbc news Previously, job ads in India, particularly for manufacturing roles, often included specifications like age limits and marital status. However, Foxconn’s recent directive encourages headhunters to emphasize skillsets and work ethics rather than personal factors unrelated to job performance. This adjustment aligns…
The urban labour market demonstrated marked improvement in the September quarter, reflecting sustained economic recovery and resilience. According to recent data, urban unemployment rates declined, signaling growth in job opportunities and increased workforce participation. This trend aligns with rising economic activities across sectors such as manufacturing, services, and construction, which collectively fueled job creation. Source:- bbc news Labour force participation also saw an uptick, indicating renewed confidence among job seekers in finding employment. Urban centres, particularly metros, experienced growth in gig economy roles and formal employment, supported by ongoing infrastructure development and business expansion. Additionally, policy measures aimed at stimulating…
Congress leader Rahul Gandhi has described the upcoming Maharashtra assembly elections as a “battle of ideologies” between billionaires and the poor. Speaking at a rally, he asserted that the election is not just a contest for power but a fight for the soul of the nation. Gandhi criticized the ruling Bharatiya Janata Party (BJP) and its allies, accusing them of working to benefit the wealthy elite while neglecting the needs of the common people. Source:- bbc news Gandhi argued that the current government’s policies have widened the gap between the rich and the poor, undermining the livelihoods of farmers, laborers,…
Nirmala Sitharaman, India’s Finance Minister, has urged banks to reduce interest rates to stimulate economic growth. In her recent statement, she acknowledged that borrowing costs have been a significant concern for businesses and consumers, hindering economic expansion. By encouraging banks to lower lending rates, she aims to make credit more accessible and affordable, which in turn could boost investments, drive consumption, and support business operations across various sectors. Source:- bbc news Sitharaman’s call comes at a time when the Reserve Bank of India (RBI) has maintained a relatively tight monetary policy to curb inflation. However, the high borrowing costs have…
Kailash Gahlot, a senior leader of the Aam Aadmi Party (AAP) and a key figure in Delhi’s governance, holds a crucial place in the party’s political and administrative machinery. As a trusted member of Chief Minister Arvind Kejriwal’s cabinet, Gahlot has been instrumental in executing critical reforms, particularly in the transport and revenue departments. His initiatives, such as modernizing Delhi’s public transportation system with electric buses and streamlining revenue processes, have garnered widespread recognition and improved the quality of life for Delhi’s residents. Source:- bbc news Gahlot’s role extends beyond administration. As a skilled strategist, he has been pivotal in…
Hasbro, the maker of Nerf guns, faces significant challenges in navigating tariffs imposed on Chinese imports by the Trump administration. China is a major hub for manufacturing many of Hasbro’s products, including Nerf guns, and the tariffs can raise costs for the company. This situation puts pressure on Hasbro to either absorb the increased costs, which could affect its profit margins, or pass them on to consumers, potentially affecting demand. Source:- bbc news To mitigate the impact, Hasbro has several options. One approach is to diversify its supply chain by shifting some production away from China to countries with lower…
Donald Trump made a grand return to Madison Square Garden for UFC 309, where he was joined by high-profile figures including Elon Musk, Robert F. Kennedy Jr., and Vivek Ramaswamy. This gathering was a spectacle that brought together politics, business, and sports, with Trump’s presence particularly highlighting his continued influence across multiple arenas. Source:- news 18 Musk, Kennedy, and Ramaswamy also drew attention for their own significant roles in their respective fields, making the event a focal point for a diverse range of public figures, reflecting the blend of celebrity and politics in modern times. The mix of personalities at…
Kailash Gahlot, a prominent AAP leader, has been under the radar recently due to investigations involving the excise policy case. Following his questioning by the Enforcement Directorate (ED), there have been rumors about his potential move to the BJP. Source:- news 18 The AAP has accused the BJP of using the ED and Central Bureau of Investigation (CBI) to target their leaders politically, a claim that the BJP has repeatedly denied. In response, the BJP has also questioned AAP’s integrity, especially with accusations linking some of its leaders to corruption in the liquor scam Source:- bbc news As of now,…
Boeing has begun issuing layoff notices to over 400 employees, marking the first wave of a much larger workforce reduction. The cuts primarily affect members of the Society of Professional Engineering Employees in Aerospace (SPEEA), Source:- bbc news including engineers, scientists, and technical staff. These layoffs are part of Boeing’s plan to reduce its workforce by about 10%, which is expected to reach around 17,000 positions. This move follows a period of financial strain, worsened by an eight-week strike and the aftermath of safety and regulatory challenges, including issues with the 737 MAX production. Source:- news 18 The layoffs were…
Renowned sarod maestro Aashish Khan, a Grammy nominee and an icon of Indian classical music, passed away at the age of 84 in Los Angeles, USA, on November 15, 2024. The cause of death was complications related to diabetes and multi-organ failure, as confirmed by his half-brother, Alam Khan. Source:- bbc news Aashish Khan, a disciple of his illustrious grandfather Allauddin Khan, made significant contributions to Indian music. He collaborated with legendary sitarist Ravi Shankar and worked with global icons like The Beatles. His work extended to films, contributing to Satyajit Ray’s classics such as Jalsaghar and Richard Attenborough’s Gandhi.…
Two parents from Lacey, Washington, have been arrested for attempting to kill their 17-year-old daughter in a shocking case of honor violence. On October 18, Ihsan Ali, 44, and Zahraa Subhi Mohsin Ali, 40, allegedly attacked their daughter at a school bus stop. Witnesses reported that the father choked the girl until she appeared unconscious, and the mother joined the assault. Source:- bbc news The attack was reportedly motivated by the parents’ attempts to force their daughter into an arranged marriage overseas, with threats of an “honor killing” if she resisted. The parents now face multiple charges, including attempted murder…
At the Hindustan Times Leadership Summit (HTLS), Prime Minister Narendra Modi emphasized the restoration of trust in the Indian government, claiming that his administration has worked tirelessly to ensure transparency, accountability, and responsiveness to the needs of citizens. He noted that when the government is trustworthy, it can effectively work towards the nation’s development and welfare. PM Modi pointed out that before 2014, there was widespread disillusionment and distrust in governmental institutions, but his leadership has helped reestablish faith in the system. Source:- bbc news Addressing the future of India, PM Modi outlined a roadmap for the country’s progress by…
India has called for a significant increase in climate finance to support developing nations in their efforts to combat climate change. At the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC), India pitched for an annual climate finance target of $1.3 trillion to be allocated to developing countries. This funding is crucial for enabling these nations to mitigate and adapt to the impacts of climate change while pursuing sustainable development goals. Source:- bbc news The proposal aligns with the urgent need for developed nations to fulfill their long-standing pledge to provide $100…
India has called for a significant increase in climate finance to support developing nations in their efforts to combat climate change. At the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC), India pitched for an annual climate finance target of $1.3 trillion to be allocated to developing countries. This funding is crucial for enabling these nations to mitigate and adapt to the impacts of climate change while pursuing sustainable development goals. Source:- bbc news The proposal aligns with the urgent need for developed nations to fulfill their long-standing pledge to provide $100…
The Income Tax (I-T) Department has urged taxpayers to accurately disclose their foreign assets and income in their tax returns to ensure compliance with Indian tax laws. This comes as part of efforts to curb tax evasion and enhance transparency under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. Source:- bbc news Foreign assets, including bank accounts, immovable properties, and financial interests in any foreign entity, must be declared in the relevant schedules of the income tax return (ITR) forms. Non-disclosure or misreporting can attract severe penalties, including prosecution, under the Black Money Act.…