Key Takeaways From The RBI’s Monetary Policy

Key Takeaways From The RBI’s Monetary Policy

On October 8, the monetary policy committee (MPC) kept the primary lending rate, i.e., the repo rate unchanged at 4 percent, and maintained the monetary stance as “accommodative”. RBI Governor Shaktikanta Das stated that the central bank will keep inflation within the target range. He stated that the MPC’s policy rate decision was unanimous, but […]

US Indices Set Record High After Senate Passes $1 Trillion Infrastructure Bill

US Indices Set Record High After Senate Passes $1 Trillion Infrastructure Bill

Wall Street climbed this week with both the blue-chip Dow and the benchmark S&P 500 ending at new highs, as economically sensitive value stocks gained following the approval of a $1 trillion bipartisan infrastructure plan passed by the United States Senate on Tuesday. The bill, which is now in the House of Representatives, may deliver […]

OBC Bill Gets A Rare 386-0 Nod In The Lok Sabha, Restores States’ Power To Make Lists

OBC Bill Gets A Rare 386-0 Nod In The Lok Sabha

On Tuesday, the Lok Sabha approved the 127th Constitution Amendment Bill, which restores the right of states and UTs to identify and provide reservation benefits to other backward castes (OBC). It was the first piece of legislation to be tabled and passed unanimously without disruptions during the ongoing monsoon session of the parliament. The bill […]

Amazon-Cloudtail Operations To End In Mid-2022

Amazon-Cloudtail Operations To End In Mid-2022

Billionaire and Catamaran Ventures owner Narayana Murthy is reportedly dissolving a supposedly contentious joint venture with Amazon.com, Inc. The move is expected to deliver a possible blow to the e-commerce behemoth, as the country’s internet market approaches $1 trillion. The companies stated on Monday that the seven-year-old venture, Prione Business Services Pvt. Ltd. will be […]

Big Blow To Tesla As India Rules Out Reduction In Import Taxes On Electric Vehicles

Big Blow To Tesla As India Rules Out Reduction In Import Taxes On Electric Vehicles

The Indian government stated that it has no intention of reducing import taxes on electric vehicles, which can prove to be a setback for Tesla. This comes days after Tesla CEO Elon Musk expressed hope that the government will reduce the import duties. On Monday, junior minister Krishan Pal Gurjar  said, “No such proposal is […]

All You Need To Know About e-RUPI

All You Need To Know About e-RUPI

The Prime Minister’s Office (PMO), on Saturday, announced the launch of e-RUPI, a person- and purpose-specific digital payment system.   Digital technology is transforming lives in a major way and is furthering ‘Ease of Living.’ At 4:30 PM tomorrow, 2nd August, will launch e-RUPI, a futuristic digital payment solution which offers several benefits for its […]

What Is The #SaveBuxwahaForest Movement?

What is the #SaveBuxwahaForest movement?

A movement to conserve Madhya Pradesh’s Buxwaha forest is gathering traction, as a diamond mining project spearheaded by Aditya Birla group’s Essel Mining & Industries Limited (EMIL) threatens to cut down over two lakh trees while also increasing air and water pollution. Furthermore, the implementation will alter the biodiversity of the surrounding terrain. The planned […]

India Embarks On A Population Reduction Journey To Boost Growth

India Embarks On A Population Reduction Journey To Boost Growth

The recent decision of two BJP governed states – Uttar Pradesh (UP) and Assam – to implement a population control strategy, is in line with a countrywide plan to address what the RSS terms as “demographic imbalance”. On Sunday, UP, the country’s most populated state which is home to an estimated 220 million people, unveiled […]

Government To Roll Out E-vouchers For Ease Of Payment For Vaccine Shots

Government To Roll Out E-vouchers For Ease Of Payment For Vaccine Shots

The government has requested that the National Payments Corporation of India (NPCI) set up a framework for electronic vaccination vouchers. These vouchers will function similar to electronic prepaid devices that can only be used for vaccination. “To promote the spirit of ‘Lok Kalyan’, the use of non-transferable electronic vouchers which can be redeemed at private […]