Cabinet Approves Upto ₹5 Lakh Insurance Within 90 Days Of Moratorium

Cabinet Approves Upto ₹5 Lakh Insurance Within 90 Days Of Moratorium

On July 28, the union cabinet cleared the Deposit Insurance and Credit Guarantee Corporation (DICGC) Bill, 2021, which allows customers of failed or stressed banks that are placed under a moratorium to get deposits upto ₹5 lakh back within 90 days. The proposed legislation provides insurance to all bank deposits and covers all commercial banks […]

Turkey Wildfires Kill Four People, Add To The Growing Concern Of Climate Change

Turkey Wildfires Kill Four People, Add To The Growing Concern Of Climate Change

Turkey has been witnessing wildfires that have swept the southern coast, causing the death of at least four people as of July 30 and injuring roughly 200 others. Firefighters have been battling the flames for a third day with the fires burning through tourist regions, forcing thousands of holidaymakers to be evacuated from their hotels […]

EU Releases Plan For The World’s First Carbon Border Tax Amidst Global Criticism

EU Releases Plan For World's First Carbon Border Tax Amidst Global Criticism

The European Union released its most ambitious climate change policy earlier this month. The 27 countries of the bloc are set to follow a detailed plan that aims to meet their collective goal to reduce net greenhouse gas emissions by 55 percent from 1990 levels by 2030 – a step towards “net-zero” emissions by 2050. […]

After China, The US Calls For Tougher Scrutiny Of Big Tech Over Undermining Competition

After China, The US Calls For Tougher Scrutiny Of Big Tech Over Undermining Competition

Earlier this week, the White House announced that the Biden administration plans to nominate Jonathan Kanter as head of the Justice Department’s antitrust division. The latest announcement is another step taken in line with the US preparing for a broad crackdown on large technology companies. Kanter has “been a leading advocate and expert in the […]

Indian Rupee Hits Three Month Low While US Dollar Strengthens

Indian Rupee Hits Three Month Low While US Dollar Strengthens

July 20 will potentially mark the third-day session of loss for the Indian rupee, its lowest level in three months, amid a lacklustre trend in domestic equities and strengthening of the US dollar overseas. The rupee fell by 7 paise to 74.95 against the US dollar in opening trade on July 20 as firm American […]

Will The Space Race Led By Billionaires Prove Revolutionary For Mankind?

Will The Space Race Led By Billionaires Prove Revolutionary For Mankind?

Earlier this month, billionaire Sir Richard Branson’s spacecraft Virgin Space Ship (VSS) Unity launched above the skies of New Mexico. The spacecraft had two pilots guiding the vehicle carrying the billionaire founder and three Virgin Galactic employees, marking a new era of private space travel. After spending 17 years on development and over a billion […]

Does The Vaccine Business Model Need A Revamp?

Does the vaccine business model need a revamp?

The World Health Organisation (WHO) has time and again stressed on the importance of immunisation of at least 70 percent of the population. Universal vaccination has always been a largely agreed upon key strategy to ending the pandemic. Not too long ago, people’s hopes were dampened over the fact that vaccine development takes close to […]

All You Need To Know About The IPO Upsurge That Has Hit Indian Markets

All You Need To Know About The IPO Upsurge That has Hit Indian Markets

Today marks the closing day for the hotly-anticipated initial public offering (IPO) subscription of Zomato that hit the market on July 14 and generated hype among investors. The online food delivery startup started taking public orders on Wednesday for its $1.3 billion IPO, setting a new record for the biggest technology offering in India, according […]

China’s Crackdown On DiDi: An Ongoing Attempt At Controlling Tech Giants

China's Crackdown On DiDi: An Ongoing Attempt To Control Tech Giants

China’s cyberspace regulator recently cracked down on ride-hailing app DiDi over allegations that the company has committed “serious violations of laws and regulations pertaining to the collection of personal information”. The country’s internet watchdog  — the Cyberspace Administration of China (CAC) — ordered DiDi to stop adding new users to the platform, and mobile app stores […]

NFT Hits $2.5 Billion In Sales Volume

NFT Hits $2.5 Billion In Sales Volume

Non-fungible tokens (NFTs) saw an influx in sales volume during the second quarter of 2021, hitting $2.5 billion so far, up from $13.7 million in the first half of 2020. According to data from the DappRadar portal, the new cryptographic sensation saw an increase of more than 18,000 percent. The month of June saw record […]