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Why in the news? India Inc anticipates strong Q1 profits driven by sectors like automobiles, banking, metals, IT, and pharmaceuticals. FMCG companies expect stable or improved results, with variable performances across different product categories. source: investopedia About Fast-Moving Consumer Goods (FMCG): FMCG, or Consumer Packaged Goods (CPG), are products sold quickly and affordably. They include …
Read MoreWhy in the news? Study finds high summer temperatures cause PM2.5 spikes in Delhi, Mumbai, Patna, Lucknow, Kolkata due to VOCs and Nitrogen Oxide reactions. 5 levels exceed National Ambient Air Quality Standards (60 ug/m3) during occasional temperature-induced spikes, posing health risks. source:epa About National Ambient Air Quality Standards (NAAQS): The NAAQS, set by the …
Read MoreWhy in the news? The Digital Bharat Nidhi aims to improve rural telecom connectivity, replacing the underutilized Universal Service Obligation Fund (USOF). Draft rules propose wider scope for DBN, including funding for R&D, pilot projects, and targeted access in underserved areas. source:corpseed About Digital Bharat Nidhi: Chapter V of the Telecommunication Act, 2023 establishes the …
Read MoreWhy in the news? The Supreme Court emphasised that bail cannot be withheld as a punishment, including in cases under the Unlawful Activities (Prevention) Act (UAPA). The court rejected the National Investigation Agency’s (NIA) request to adjourn the matter, granting bail to Javed Gulam Nabi Shaikh. source:scribd About Unlawful Activities (Prevention) Act, 1967 (UAPA): Enacted …
Read MoreWhy in the news? The Securities and Exchange Board of India (SEBI) charged Hindenburg Research with making “unfair” profits. SEBI accused Hindenburg of colluding to use “non-public” and “misleading” information to induce “panic selling” in Adani Group stocks. source:medium About The Securities and Exchange Board of India (SEBI): Establishment: Statutory regulatory body by the Government …
Read MoreWhy in the News? Internet Archive (IA), faces legal challenges from major publishers like Hachette and HarperCollins. Accused of copyright violations for digitizing and distributing books without permission. Issue escalated due to IA’s ‘National Emergency Library’ initiative during the pandemic. Source: NWU What are Internet archives? Internet archives are digital repositories that collect and store …
Read MoreWhy in the news? Students flagged multiple errors in the provisional answer key for the Common University Entrance Test for undergraduate courses (CUET-UG) released by the National Testing Agency (NTA). The NTA allows students to challenge the provisional answer key by paying ₹200 per question until July 9. What is CUET? The Common University Entrance …
Read MoreWhy in the news? General insurance companies have reduced their exposure to crop insurance under the Pradhan Mantri Fasal Bima Yojana (PMFBY) in FY24. Gross direct premiums underwritten by insurers declined by 4.17% to Rs 30,677 crore from Rs 32,011 crore in the previous year, despite significant crop losses due to adverse weather conditions. Key …
Read MoreWhy in the news? The Ministry of Statistics and Programme Implementation (MoSPI) released the Annual Survey of Unincorporated Enterprises ( ASUSE) for 2022-23. Uttar Pradesh, West Bengal, and Maharashtra had the highest share of informal sector enterprises in both rural and urban areas source: IE Key Findings of the Survey: The survey highlighted the employment …
Read MoreWhy in the news? Indian corporates mobilized nearly ₹85,000 crore through equity issuances, including IPOs and preferential allotments, in April and May FY25. SME IPOs led the surge, with 44 companies getting listed amidst SEBI concerns over potential price manipulation. source:quora About Initial Public Offering (IPO): Initial Public Offering (IPO) is the process by which …
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