Friday, July 24
Home>>Finance (Page 3)

Category: Finance
ArticleFinanceIndiaInternationalLatest NewsNewsPoliticsSocietyTrending

India Experiences Market Uncertainty Amid Bizarre Economic Turn

Sayani ChakrabortySeptember 1, 20220

India is experiencing some strange times. RBI expects inflation to average 6.7% in 2022-23, marking the second time in three years that inflation would exceed 6%. However, overall demand has remained low. The rise of inflation is not the main issue. The repo rate has been lifted by the RBI's monetary policy committee by 1.4 percentage points, to 5.4%, since May in an effort to curb inflation's virtuous cycle. While inflation has moderated in recent months, a reversal of trend is yet possible. On August 26th, a barrel of crude oil in India cost $99.6 per unit. Food grain prices may also be affected by changes in the rainfall pattern. The area planted with paddy and pulses fell by 6% and 5% on August 26. After a poor first half, August saw a dramatic increase in net inflows of about $7 bi...

Read More
ArticleBJPFinanceIndiaInternationalLatest NewsNewsPoliticsSocietyTrending

Vigillance Commission Guidelines That Apply On Acquisition Of Military Supplies; Read Here!

Sayani ChakrabortyAugust 30, 20220

The people in the MoD and Services are responsible for procuring items and services only if the manuals cover every scenario. General Financial Rules (GFR) regulations are supplemented by the Department for the Promotion of Industry and Internal Trade (DPIIT) and the Central Vigilance Commission's (CVC) tender guidelines. Many acquisition training programmes stress the importance of following both departmental and CVC regulations. It would be a huge task to read the CVC's 72 circulars on public procurement through June 2022 and ensure compliance. This misperception must be addressed. The General Financial Regulations (GFRs) were first released in 1947 and updated by the Department of Expenditure of the Ministry of Finance in 2017. They control ministries' spending on products and se...

Read More
ArticleBJPFinanceIndiaInternationalLatest NewsNewsPoliticsSocietyTrending

Modi’s Next Weapon To Turn India Into A Dictatorship Is Economic Crimes

Sayani ChakrabortyAugust 29, 20220

Narendra Modi, like Adolf Hitler, wants his party, the Bharatiya Janata Party, to have ultimate power in Indian politics (BJP). To destroy the opposition, his government will use carrot-and-stick techniques. Eight years into Narendra Modi's reign, India's multi-ethnic, multi-religious democracy is under peril. After Modi's BJP won a second term in 2019, the judiciary disintegrated. Justice A. M. Khanwilkar's final two rulings disregarded constitutional rights and the presumption of innocence. Khanwilkar began eroding these safeguards on June 25 when he disdained Zakia Jafri's appeal for justice and pushed the Modi government to prosecute those who assisted her. On July 27, two days before he retired, he dismissed 242 petitions challenging the executive branch's excessive powers to h...

Read More
ArticleBJPFinanceIndiaInternationalLatest NewsNewsPoliticsSocietyTrending

India’s Spoken Language Contrasts Sharply With Administrative And Legal Language

Sayani ChakrabortyAugust 29, 20220

After rejecting the Himachal Pradesh high court's "incomprehensible" verdict, the Supreme Court made a call for "brevity, simplicity, and clarity" across all levels of government. In the HC division bench judgement, one may find gems such as "contra thereto, became adduced by him, and he was thus ordered to dispel the factum" and "the ire res-controversia, exploding interse the plaintiffs, belongs to findings adverse to the workman." If the significance of this nonsense were not so grave, it would be amusing. The governing class of premodern societies confused the administrative language of design. This remained even after the so-called "modernization" began. In various Western democracies, efforts have been made over the last two decades or more to modernise and simplify the vocabu...

Read More
ArticleBJPFinanceIndiaInternationalLatest NewsNewsPoliticsSocietyTrending

Future Of A Caring Nation Rests On Taking Care Of Its Children

Sayani ChakrabortyAugust 29, 20220

Education in India may be a source of stress and worry for those from underprivileged backgrounds because of the potential risks to their sense of worth. According to studies on kid safety, abuse in schools often goes unreported or undiscovered until the abused child makes a formal complaint or the child's parents observe physical or behavioural changes. The abuse in the Jalore case in Rajasthan was well-known since the little victim recounted the occurrence and the worried parent observed the injuries. Some corporate news outlets are holding the lack of a portable pot at the school where the crime occurred as evidence against the deceased child's story of abuse and the father's claim of caste discrimination, even before the grieving parents have had time to come to terms with the traumati...

Read More
ArticleBJPFinanceIndiaInternationalLatest NewsNewsPoliticsSocietyTrending

A Loss Of Privacy For Personal Information: An Insight Of Personal Data Protection Bill, 2019

Sayani ChakrabortyAugust 25, 20220

The Personal Data Protection Bill, 2019 was abandoned after years of development. A "full legal framework" to safeguard people's data lacks precise timetables and guiding principles. The federal government removed the Personal Data Protection Bill, 2019 (PDP Bill) from Parliament during the 2022 monsoon session. "Big tech" refers to US-based IT giants. The union government recently abandoned the third draught of the PDP Bill, which followed the 2018 Justice B N Srikrishna Committee suggestion. The union minister for electronics and information technology's statement in parliament that a thorough legal framework is being worked on is not convincing (JPC). Given the US government's backing for multinational digital technologies or "big tech," it's probable that pressure from outsid...

Read More
ArticleBJPFinanceIndiaInternationalLatest NewsNewsPoliticsSocietyTrending

What Exactly Does BJP Mean By “Double Engine Ki Sarkar”? Find Out!

Sayani ChakrabortyAugust 23, 20220

The two engine has two different metaphorical attribution. One is motivated by the need to accumulate private money through technology and market tricks, while the other is motivated by the desire to induce a soporific coma in the public consciousness with respect to the lived realities of the day, despite the fact that the two engines go in different directions. The president of the governing Bharatiya Janata Party in Himachal Pradesh has, as expected, once again issued the promise of a "double engine ki sarkar" (two-engined administration) to woo voters ahead of the state assembly elections. In spite of the right-wing appeal of this metaphor, it has surprisingly escaped the scrutiny it deserves despite having been around for quite some time. The most glaring problem is that this g...

Read More
ArticleBJPFinanceIndiaInternationalLatest NewsNewsPoliticsSocietyTrending

New Administration And Difficulties Of Mahagathbandhan’s Goals

Sayani ChakrabortyAugust 23, 20220

Politics cynicism is rising. The public has witnessed countless reenactments of "Operation Kamal," so instances of obvious and merciless displays of money or power are plentiful. When Bihar struck on August 9, 2022, Jharkhand was suspected. Nitish Kumar resigned the BJP-led National Democratic Alliance in 2013. (NDA). Kumar resigned from the NDA on May 18, 2014, citing ideological concerns after the Lok Sabha election defeat. In June 2015, he formed the Mahagathbandhan with RJD and Congress (grand alliance). Mahagathbandhan won the assembly elections, and Kumar and Tejashwi Yadav took power. After two years, Kumar resigned again. The BJP supported the governor within hours, and he entered office the following day. The NDA won the 2019 Lok Sabha elections after establishing a government ...

Read More
ArticleBJPFinanceIndiaInternationalLatest NewsNewsPoliticsSocietyTrending

Power Grid Politics: Looking Deeply Into Electricity (Amendment) Bill, 2022

Sayani ChakrabortyAugust 23, 20220

The long-awaited Electricity Amendment Bill 2022 was tabled in Parliament (Lok Sabha) on August 8, 2022, despite opposition from political parties, employees, and engineers of state-run distribution companies. (DisComs). The bill was referred to the House Energy and Commerce Committee for further feedback. The right side of the markets debate views this measure as a reformist solution to fix India's electrical system, which has suffered for four decades despite reforms owing to distribution companies' poor financial health, operational inefficiencies, and large AT&C losses. The economics and politics of India's 'grid' must be investigated to understand opposition to planned modifications to the Electricity Act 2003. The federal government and states control India's electrical bu...

Read More
ArticleBJPFinanceIndiaInternationalLatest NewsNewsPoliticsSocietyTrending

Election 2024: Congress Needs To Find Sonia Gandhi’s Successor Soon To Be More Serious In Political Battle

Sayani ChakrabortyAugust 22, 20220

The election of a new Congress president began yesterday, and if all goes according to plan, the party will choose Sonia Gandhi's successor by September 20. Many things have changed politically in the nation since she became president of Congress in 1998. Her leadership has previously kept up with the changes, but she has been unable to properly refashion it for a BJP-dominated political scene. The fact that Congress hasn't been able to win any state elections since Sonia became president for a second time in 2019 is indicative of this. After Rahul's disastrous 2019 election season, in which the BJP came dangerously near to matching the Congress party's 1989 vote total, she returned to her former post. Sad to say, Rahul's repeated expressions of apathy have dampened the party's call...

Read More
ArticleFinanceIndiaInternationalLatest NewsNewsSocietyTrending

Rising Popularity Of Cryptocurrency And Plight Of Business Schools

Sayani ChakrabortyAugust 22, 20220

There has been a tremendous increase in the value of cryptocurrencies over the last few years, and the market size of cryptocurrency is projected to expand to more than $1080 million by 2026. Since then, this innovation has skyrocketed and gained widespread interest. To date (2021), 97% of global tyre users have indicated trust in and optimism about the digital asset. As recently as a few years ago, even business schools showed little enthusiasm for incorporating cryptocurrency education into their curricula. They didn't think it was real and assumed the technology will go away soon. Despite the doubts, cryptocurrency study is being included in MBA programmes. Since 2013, the market for cryptocurrencies has grown by more than 90%, and there are now more than 4000 different kinds of cryp...

Read More
ArticleEnvironmentEventsFinanceHotInternationalLifestyleScience & TechSociety

World Is One Step Away From ‘Nuclear Devastation’: UN Chief Antonio Guterres Warns

Vikas DeshwalAugust 17, 20220

The UN alerted the planet on August 1 that "humankind is simply one misconception, one miscalculation away from nuclear devastation," mentioning the battle in Ukraine, nuclear hazards in Asia and the Middle East and numerous additional elements. The threat of growing nuclear dangers and a nuclear tragedy was also presented by the U.S., Japan, Germany, the U.N. atomic chief and many other entry lecturers at the conference to check gain and decide on future efforts to enforce the Nuclear Nonproliferation Treaty, comprehended as the NPT. U.S. Secretary of State Antony Blinken told North Korea is prepping to perform its seventh nuclear trial, Iran "has either lived reluctant or incompetent" to get a contract to produce to the 2015 atomic deal desired at reining in its nuclear plan, and Mos...

Read More