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Business

Roving Periscope: Outgoing Biden’s team terms the BJP’s charges “disappointing”

December 7, 2024 revoi editor

Virendra Pandit New Delhi: Reacting to the BJP’s accusation that the US State Department, and the Deep State in the outgoing Joe Biden administration, ran an “anti-Modi” agenda, an American spokesman has said it was “disappointing.” India’s chief ruling party, the BJP, locking horns with the Biden team of Democrats and the Left-Liberals, is […]

Business

Logistics: ADB approves $350 mn loan for India to enhance exports

December 7, 2024 revoi editor

Virendra Pandit New Delhi: The Asian Development Bank (ADB) has approved a USD 350 million policy-based loan to support India in strengthening and modernizing the logistics sector and exports. ADB said in a statement that the proposed loan will finance the second subprogram, supporting New Delhi’s efforts to create a comprehensive policy, planning, and […]

English

Chaos in RS over cash Found on Seat Allotted to Congress Member

December 6, 2024 Editor In Chief

Manas Dasgupta NEW DELHI, Dec 6: Chaos erupted in the Rajya Sabha on Friday morning after a bundle of currency notes of Rs 500 denomination was found on the seat allotted to Congress MP Abhishek Manu Singhvi, who strongly reacted to the insinuation giving a blow-by-blow account of his time in the House the previous […]

Business

The US: Trump names David Perdue as the next Ambassador to China

December 6, 2024 revoi editor

Virendra Pandit New Delhi: US President-elect Donald Trump, who is set to return to the White House next month, has named his controversial political ally and former Georgia Senator David Perdue as the next Ambassador to China, a key trade partner so far, against which the Republican leader has promised to impose punishing tariffs. […]

Business

Roving Periscope: Reignited Syrian civil war may cripple Iran further

December 6, 2024 revoi editor

Virendra Pandit New Delhi: As the 13-year-old civil war in Syria flared up again last week with Sunni insurrection, supported by Turkey and others, the pro-Iran Shia regime in Damascus, led by President Bashar Assad, is facing an existential crisis. This fresh development is being viewed as yet another attempt by the Sunni nations […]

Business

MPC meeting: RBI keeps repo rate unchanged at 6.5%, lowers growth forecast to 6.6%

December 6, 2024 revoi editor

Virendra Pandit New Delhi: The Reserve Bank of India (RBI) on Friday retained its key interest rate—the repo rate—unchanged at 6.5 percent but lowered the growth forecast for FY25 from 7.2 percent earlier to 6.6 percent, aiming to balance inflation control with economic growth. The central bank also cut the cash reserve ratio (CRR), […]

English

Transformational Decade under PM Narendra Modi Sparks New Energy in the Northeast India: Sarbananda Sonowal

December 6, 2024 revoi editor

The Union Minister of Ports, Shipping & Waterways, Shri Sarbananda Sonowal credited the Prime Minister Shri Narendra Modi for centring around key areas of Good Governance and Developmental Politics as part of political strategy to revive, rejuvenated & renew the energy of the Northeast. The senior leader from the Northeast also highlighted how the transformational […]

Education

7th Edition of Smart India Hackathon to begin on 11th December 2024

December 6, 2024 revoi editor

The 7th edition of the Smart India Hackathon (SIH) will concurrently begin on 11th December, 2024 at 51 centres nationwide. Union Minister for Education, Shri Dharmendra Pradhan, will virtually inaugurate the event. SIH is a nationwide initiative to provide students with a platform to solve some of the pressing problems we face in our daily […]

Business

PRODUCTION LINKED INCENTIVE SCHEME FOR FOOD PROCESSING INDUSTRIES

December 6, 2024 revoi editor

The Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) was approved by the Union Cabinet on 31st March 2021 with a budget of ₹10,900 crore, to be implemented from 2021-22 to 2026-27. 171 applicants have been enrolled under the scheme. The beneficiary selection process under PLISFPI was conducted as a one-time exercise, preceded by active […]

Business

JP Morgan “Overweight’ on Four Adani Bonds”, “The ability to scale and grow using internal cash flows in the case of Adani Ports gives us strong comfort”

December 6, 2024 revoi editor

JP Morgan has given ‘Overweight’ on four Adani group bonds—three issued by Adani Ports & SEZ, and one by Adani Electricity Mumbai limited —Subsidiary of Adani Energy Solutions. It has taken neutral stand on other five Adani bonds and is underweight on only one bond—issued by AGEL. Under the risks section, it further added, that […]