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Why in the news? ADB projects India’s GDP growth at 7% in 2024-25, with retail inflation expected to ease; downside risks include global shocks. About ADB’s Economic Projections: The Asian Development Bank (ADB) predicts India’s GDP growth to slow from 7.6% in 2023-24 to 7% in 2024-25, before rebounding to 7.2% in 2025-26. Retail inflation …
Read MoreWhy in the news? Russia successfully launches Angara-A5 rocket from Vostochny Cosmodrome, showcasing its space ambitions after technical setbacks. source:crackittoday About the Launch Success Despite Setbacks: Russia achieved a successful launch of the Angara-A5 rocket from the Vostochny Cosmodrome. Previous attempts faced technical setbacks, leading to cancellations and highlighting challenges in space technology. The Vostochny …
Read MoreWhy in the news ? Consolidation of defence budget ensures no capital fund shortage for Indian Air Force; streamlining procurement and enhancing flexibility. source:BS About the Capital Funds Consolidation: The Indian Air Force (IAF) assures no shortage of capital funds due to consolidation in the defence budget for 2024-25. Previously, capital funds were allocated separately …
Read MoreWhy in the news ? PM Modi’s remarks on India-China tensions are significant; China calls for stable ties; analysts interpret comments as strategic signals for dialogue. source:medium About the PM’s Significant Comments: Narendra Modi’s recent comments on tensions at the Line of Actual Control (LAC) are deemed highly significant by Indian foreign affairs experts. In …
Read MoreWhy in the news? Simpsons, part of Amalgamations Group, plans electric power weeders to enhance farm mechanisation, targeting affordability and market share. Source:slideserve About the Introduction of E-Power Weeders: Simpson & Co. Ltd., a unit of the Amalgamations Group, aims to electrify its smart agriculture machines, specifically power weeders, for farm mechanisation. Recently launched Internal …
Read MoreWhy in the news? Massive fire engulfs nearly 100 hectares of Wayanad sanctuary, requiring six hours to control; fourth such incident this year. source:ensure Highlights of the Fire Devastates Wayanad Sanctuary: Location: Wayanad Wildlife Sanctuary in Kerala. Area Affected: Nearly 100 hectares of forest. Incident Time: Reported around 10:30 a.m. at Karassery in the Sulthan …
Read MoreWhy in the news? ADB recommends India simplify tariff policy, enhance trade competitiveness, and integrate into global value chains to boost the manufacturing sector. About the Simplification of Tariff Policy: ADB suggests India streamline its tariff policy to enhance trade competitiveness and boost integration with global value chains. Simplified tariff regulations can facilitate smoother trade …
Read MoreWhy in the news? India-Mauritius tax treaty amended to prevent tax evasion, impacting investments; concerns raised over treatment of past investments. source:reseauvoltaire Understanding India-Mauritius Tax Treaty Amendment: India has signed a protocol amending the Double Taxation Avoidance Agreement (DTAA) with Mauritius to prevent tax evasion or avoidance. The amended pact includes the Principal Purpose Test …
Read MoreWhy in the news? DGCA deferred new FDTL rules implementation due to airline resistance, citing concerns over pilot shortage and capacity reduction. source:moneycontrol About the Deferment and Controversy: The Directorate General of Civil Aviation (DGCA) has requested Indian airlines to indicate their readiness to implement new Flight Duty Time Limitation (FDTL) rules. This request follows …
Read MoreWhy in the news? Oil prices surge amid escalating tensions in West Asia, raising concerns about potential supply disruptions and geopolitical instability. Oil Prices Surge Amid West Asia Tensions: Oil prices surged on Thursday, adding to gains from the prior day. Concerns mount over escalating tensions in West Asia, with potential involvement of Iran. Iran’s …
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