On Tuesday, Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25. Among the announcements, one may concern mobile users, potentially leading to higher mobile tariffs. The Union Minister announced an increase in duties on Printed Circuit Board Assemblies (PCBA) for telecom equipment, directly impacting mobile users. Telecom Companies’ Response In early July, Reliance Jio,…
The Central Bureau of Investigation (CBI) confirmed before the Supreme Court that the NEET-UG paper leak occurred at Hazaribagh’s Oasis School on May 5, the day of the exam. This marks the first official claim by the CBI since it began investigating the case in June. The CBI revealed that not only was the exam…
In the first budget of the Modi 3.0 government, Finance Minister Nirmala Sitharaman announced significant changes to income tax slabs and standard deductions aimed at providing relief to taxpayers. The revised tax structure and deductions are expected to result in substantial savings for individuals, particularly benefiting the middle class. Revised Income Tax Slabs The new…
Another Hindu temple has been vandalised in Canada with anti-India graffiti painted on the walls. · Vishwa Hindu Parishad (VHP) in Canada condemned the act and called on the government to take decisive action against extremist ideologies. · Khalistani extremists have been promoting hate and violence with little consequence. · The anti-India activities by Khalistan supporters have intensified…
Finance Minister Nirmala Sitharaman presented her seventh consecutive budget on Tuesday for the fiscal year 2024-25, marking a significant moment with major announcements for Andhra Pradesh and Bihar. The budget includes substantial investments in infrastructure, education, agriculture, and youth employment, aiming to drive economic growth and development across these states. Andhra Pradesh Capital Development A…
The Indian economy showcases remarkable resilience and stability despite global geopolitical challenges, according to the Economic Survey 2023-24. Presenting the 476-page survey in the Indian Parliament on July 22, Finance Minister Nirmala Sitharaman highlighted the successful consolidation of India’s post-Covid recovery. Role of Fiscal and Monetary Policies The survey credits both fiscal and monetary policymakers…
Byju Raveendran, once a mathematics teacher turned billionaire entrepreneur, now faces his toughest challenge. His ed-tech company, Byju’s, has plummeted from a $22 billion valuation to below $2 billion. Accusations of financial mismanagement and compliance issues have led to insolvency proceedings, casting a shadow over his legacy. Rise to Prominence Raveendran’s journey began humbly in…
Hinduja Tech, a subsidiary of Ashok Leyland, is set to acquire Germany-based engineering firm Tecosim Group for €21 million (approximately ₹190 crore). This strategic move is designed to expand Hinduja Tech’s presence in the European market and enhance its global capabilities in mobility engineering services. Background on Hinduja Tech Hinduja Tech, established as a leading…
Indian ed-tech giant Byju’s, once valued at $22 billion, faces a total shutdown if insolvency proceedings continue, warned its CEO in a court filing. The financial troubles of the company could lead to thousands of employees quitting and a complete halt of its services. Recent Setbacks Byju’s, backed by notable investors like Prosus and General…
Donald Trump has pledged to end the Ukraine-Russia war following a congratulatory call from Ukrainian President Volodymyr Zelenskyy. The two leaders spoke over the phone on Friday, marking Trump’s first conversation with a foreign leader since officially becoming the Republican Party’s presidential nominee. This call highlights the growing international awareness of Trump’s potential impact on…
