Everything is wrong with the Indian economy. The New York Times certainly thinks so. See this article complete with the picture of manual labourers working the ground with the most primitive tools in India. In the foreground, a sad-looking man carries what appears to be construction material on his head. Look more carefully. I’m sure … Read more
Smartphone major Samsung is all set to relocate its mobile and IT display production unit from China to Uttar Pradesh and invest Rs 4,825 crore in the state. According to the reports, the new production plant by Samsung will be the first high-technique project, which is being set up in India after relocating from China. The new project is likely to generate 1,500 … Read more
Ever since the Modi government passed three farm laws to free the country’s agricultural marketing and procurement systems, the farmers, especially from Punjab have hit the streets to demand a rollback on the law. One of the main arguments of the protesting farmers is that the newly enacted laws would alter the existing procurement system … Read more
Department of Posts (DoP) and India Post Payments Bank (IPPB) have launched a new digital payment app, ‘DakPay,’ on December 15, 2020. The app will help in providing Digital Financial services at the last mile across India. The app comes with a suite of digital financial and assisted banking services offered by India post and IPPB using … Read more
In a major development, India witnessed a record high collection of Goods and Services Tax (GST) for the month of December 2020. As per reports, GST revenue collected last month stood at an all-time high of ₹1,15,174 crores. At the same time, the figure is 12% higher than the tax collected in December 2019. Finance Ministry informed … Read more
While misled farmers, driven by the lies peddled by various opposition parties and the anti-Modi brigade, continue to protest, assuming that Modi government will ‘abolish MSP’ through its new farm laws, the central government’s ongoing paddy procurement has surged past the last year’s total procurement by more than 23 per cent. According to official data, the Food … Read more
After Prime Minister Narendra Modi predicted a historic win for the BJP in the upcoming election and forecasted record highs for the stock markets on June 4, the benchmark Nifty index crossed the 22,800 mark for the first time during Thursday’s session. The Nifty index reached a new high of 22,852, while the Sensex surged … Read more
At long last, we hear of a thaw in the bitter India-China standoff that began last April in Eastern Ladakh. If we want, we can breathe a temporary sigh of relief. But how much relief? China remains dominant, untrustworthy and likely to strike at the next possible opportunity. We lost 20 precious lives at the … Read more
Just days after Prime Minister Narendra Modi hailed the private sector, the union government has decided to lift a ban that was there on private sector banks from government transactions. In a major reform in the financial sector, the embargo on the grant of government business to private banks was lifted by the finance ministry. … Read more
Made-in-India social media platform ShareChat is reportedly aiming at raising $200 million from Chinese technology giant Tencent via optionally convertible debentures. In view of the strict Foreign Direct Investment norms put by the Government of India last year after the Galwan Valley face-off between India and China, it is possible that the funding will be routed via a Europe-based … Read more