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Onions: Ahead of LS polls, India bans the bulb’s export until March 2024

December 8, 2023 Vinayak Barot

Virendra Pandit New Delhi: The humble onion, whose higher prices have affected election results in the past, is back in the headlines. Some months ago, the onion prices had sky-rocketed multiple times and the government had to arrange for their marketing through its channels in different places to cool down the prices. Now, ahead […]

Business

Growth: Nirmala junks Chidambaram’s claims of jobless growth as “whimsical calculations”

December 8, 2023 Vinayak Barot

Virendra Pandit New Delhi: Tearing into the Opposition’s claims of India witnessing a ‘jobless growth,’ Finance Minister Nirmala Sitharaman on Friday dubbed these claims as a result of “whimsical calculations” and said careful implementation of various welfare schemes by the Modi government has ensured that benefits reach the people. Slamming Congress for its claims […]

Business

Economy: RBI hikes FY24 GDP estimate from 6.5% to 7%

December 8, 2023 Vinayak Barot

Virendra Pandit New Delhi: After several leading global rating agencies’ positive outlook in recent weeks, the Reserve Bank of India (RBI) also raised the South Asian country’s GDP estimates from 6.5 percent earlier to 7 percent in the financial year 2023-24 on buoyant domestic demand and higher capacity utilization in the manufacturing sector. After […]

Business

Roving Periscope: After China and Russia, N. Korea also wants women to have more kids!

December 6, 2023 Vinayak Barot

Virendra Pandit New Delhi: Facing critically declining birth rates and workforce, and ballooning pension and health bills for the longer-living elderly, North Korea became the third dictatorship in Asia after China and Russia to ask its women to produce more children. North Korean leader Kim Jong Un, while appealing to women to have more […]

Business

New economy: India recognized nearly 1.15 lakh entities as startups until Oct

December 6, 2023 Vinayak Barot

Virendra Pandit New Delhi: Union Minister for Commerce and Industry Piyush Goyal on Wednesday said the government has recognized 114,902 startups in the country as of October 31, 2023. These eligible firms can seek fiscal incentives under the Startup India Action Plan, launched in January 2016, which includes income tax exemption for three years, […]

Business

Roving Periscope: Himalayas melting alarmingly, warns UN chief

December 2, 2023 Vinayak Barot

Virendra Pandit New Delhi: Warning the world that the Himalayas are melting at an alarming rate, United Nations Secretary-General Antonio Guterres on Saturday insisted on urgent action to protect the world from climate challenges ahead. Nearly 240 million people depend on the glaciers and 10 major rivers, including the Indus, Ganga, and Brahmaputra which […]

Business

Modern Stars: D-Mart’s RK Damani tops the list of “Top 200 Self-Made Entrepreneurs”

November 30, 2023 Vinayak Barot

Virendra Pandit New Delhi: Radhakishan Damani, founder of retail chain D-Mart, may be leading the list of the “Top 200 Self-made Entrepreneurs of the Millennia 2023”, announced on Thursday, the focus of Modern India is elsewhere. For, eight of the Top 10 most valuable companies in the list are startups. “The IDFC FIRST Private […]

Business

Immigration: Indians third largest “illegal” immigrants in the US, says Pew Research

November 22, 2023 Vinayak Barot

Virendra Pandit New Delhi: Not only have nearly eight lakh Indians officially renounced their citizenship since 2018, but the number of illegal immigrants from India to other countries, particularly to the West, is also growing steadily. New research has revealed that Indians form the third-largest illegal immigrant population in the United States. According to […]

Business

Roving Periscope: As OIC meet fails, and Israel digs deeper in Gaza, aid falters

November 17, 2023 Vinayak Barot

Virendra Pandit New Delhi: With the near-collapse of the 57-nation Organization of Islamic Cooperation (OIC) meeting on the Gaza situation this week, Israel penetrated deeper into the war-torn Strip while international aid to the Palestinian enclave was halted because of the breakdown of communications for the second day on Friday, threatening the survival of […]

Business

E-commerce: Amazon, Flipkart, and others to make deliveries using EVs in India

November 8, 2023 Vinayak Barot

Virendra Pandit New Delhi: E-commerce majors Amazon and Flipkart, and other players, have launched programs in India envisaging cent percent deliveries using electric vehicles. Currently, Amazon India has a fleet of 6,000 EVs for making deliveries across 400 towns and cities in the country. It will increase the fleet to 10,000 in the next […]