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
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
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
The Union Finance Ministry has decided to provide an additional amount of upto Rs 15,000 crore to states as interest-free 50-year loans for spending on capital projects. The Department of Expenditure has issued fresh guidelines in this regard on the “Scheme of Financial Assistance to States for Capital Expenditure” for the financial year 2021-22. Under this Scheme, … Read more
Finance Minister Nirmala Sitharaman chaired the 44th GST Council Meeting through a video conference on Saturday, June 12. At the press conference after the meeting, Sitharaman announced that the GoM’s recommendation on slashing rates on certain COVID-19 essentials have been accepted. The new rates will remain in effect till at least September 30, she said. In its … Read more
According to a senior procurement officer, the Indian Army will stop importing ammunition in the upcoming fiscal year since its domestic industry has increased its production capacity to satisfy the military’s requirements. The Indian Army’s Additional Director General (Procurement), Major General V.K. Sharma, said that although the army had previously placed a significant emphasis on imports to … Read more
‘Apple can’t leave China’ is a myth that still lures many people, including the American-Chinese scholar Doug Guthrie, who believes Apple and China’s destiny is inextricably linked. In his podcast with Chris Marquis, which was published on 7th January 2022, the scholar made a case against Apple’s recent efforts to reduce its dependence on China and propagated … Read more
Ahead of the annual Budget presentation on February 01, The Ministry of Finance and Corporate Affairs tabled the Economic Survey for the current financial year 2021-2022 on Monday. Principal Economic Advisor Sanjeev Sanyal while suggesting a revival in economic activities to pre-pandemic levels stated that the economy grew by 9.2% this year after suffering a … Read more
Russia has started using an alternate route to ship goods to India, through Caspian Sea and Iran, bypassing the Mediterranean Sea – Suez Canal route. Russia dispatched a test cargo to India from St. Petersburg via Iran o Saturday, operationalising the International North-South Transport Corridor (INSTC). According to Russia Briefing, Iran’s state-owned shipping firm has announced the … Read more
On the occasion of the 60th birthday of Adani Group’s chairman Gautam Adani, he and his family decided to donate Rs 60,000 crore for social causes. The Adani Foundation will administer this corpus for various social causes. According to reports, the Adani Foundation will oversee the donations, which will be used to support healthcare, education, and … Read more