Sunday, March 8
Home>>Finance (Page 13)

Category: Finance
ArticleFinanceIndiaInternational

Vegetable Price Hike Raising Concerns: Understand Its Causes And Impact

Pooja YadavApril 9, 20220

Domestic edible oil prices are likely to increase 10-15% within the short term after Indonesia, the world’s largest producer and exporter of oil, has announced a ban on its export from April 28, industry officials said. Sunflower oil supplies in India have already been affected because of the Ukraine-Russia war, adding pressure to household budgets. Indonesian President Joko Widodo on Friday announced the suspension of all oil and material exports from April 28 until further orders. The choice comes in the wake of a severe shortage and skyrocketing prices for edible oil within the southeast state. Indonesia is experiencing domestic shortages and the govt has been forced to place curbs on shipments and introduce price controls. For the year 2021-22 (October to September), Indonesi...

Read More
BusinessFinanceIndiaLatest News

Financial Year 2022-23: Major Changes Introduced In 10 Sectors From April 1; Check Out Impact On People !

Aditi priya singhApril 1, 20220

With the beginning of the new month, the new financial year has started from April 1, 2022, and with this, many big and important changes are taking place. Let us tell you that the direct impact of these changes is going to be on the common people and their pockets. There will be changes in many important areas including tax, rules of banks, cooking gas, home loan, GST and PF accounts or say new rules will be applicable. Let's take a look at the rules and changes that will affect you directly. 1. Tax exemption will not be available on home loan If you are dreaming of buying an expensive home, then now it can be a bit expensive. The Central government is going to stop giving the benefit of tax exemption under section 80EEA to home buyers from April 1. 2. LPG prices will increase ...

Read More
ArticleBusinessCOVID-19EducationFinanceHealthHotIndiaInternationalLatest NewsTrending

World Inequality Report Calls India “Poor and Unequal”; Nirmala Sitharaman Calls it “Flawed”.

Sonia SolankiMarch 30, 20220

The latest report by The World Inequality Report calls India a 'poor and very unequal country'. India stands out as a poor and very unequal country with 1% of the top-earning population is holding 22% of the national income. Whereas, the bottom 50% earns 13% of the national income. The report also states that the top 10% of richest people hold 76% of the total wealth, holding 57% of the national income in 2021. The average national income of an adult Indian is approximately Rs 2,04,200. The report was submitted by Lucas Chancel, Co-director of the World Inequality Lab with economist Thomas Piketty, Emmanuel Saez And Gabriel Zucman. Lucas Chancel also said that "the pandemic has exacerbated inequalities between the very wealthy and the rest of the population". The World Map of ...

Read More
ArticleBusinessEducationFinanceHealthHotIndiaLatest NewsLifestyleScience & TechSocietyTrending

INDIA To Boost Nuclear Power With 10 NPPs Constructed In ‘Fleet Mode’

Sonia SolankiMarch 29, 20220

India has geared up to boost its nuclear power capacity in the upcoming years.  To achieve this goal the government has decided to construct 10 Nuclear Power Plants (NPPs) in a fleet mode. The upsurge of nuclear capacity will begin from 2023  and will see construction of 10 Pressurised Heavy Water Reactors (PHWR). How Fleet Mode Construction Will Help? In the fleet mode, the nuclear power plant will be completed within five years from the time of First Pour of Concrete (FPC). Not only this under the fleet mode the production cost and process time will be reduced greatly. Thus, helping the target of making India a nuclear forward country in minimum time and effective costing. The Centre nodded the construction of ten PHWR Nuclear power plants in 2017 with each PHWR  with capacity o...

Read More
AAPArticleBusinessDelhi MetroEducationFinanceHotIndiaLatest NewsLifestylePoliticsSocietyTrending

Delhi Government Proposes ‘Rozgar Budget’ for 2022-23; Shoots Up By 9.86%

Sonia SolankiMarch 28, 20220

Delhi's CM Arvind Kejriwal and his associate deputy CM Manish Sisodia have put up the "Rozgar Budget" for the year 2022-23. The size of the budget is increased by 9.86% as compared to the budget for 2021-22. The budget allocation for the present financial year is Rs 75,800 crores. The main focus of the budget though is on the generation of employment with almost 20 lakh jobs in five years. Along with this creating up an electronic city and promoting retail, wholesale markets are also key sectors to look upon. CM Kejriwal congratulated Deputy CM Manish Sisodia, for putting up a budget that caters to all aspects of society and the needs of people. The budget will help in creating more and more employment, especially for youngsters. As unemployment is a huge problem mainly due to th...

Read More
ArticleBusinessCOVID-19CultureFinanceFoodHealthHotIndiaLatest NewsLifestyleSociety

PM-GKAY Extended For Six Months; A Return Gift By BJP Government

Sonia SolankiMarch 28, 20220

The PM-GKAY will continue for the next six months as PM Modi has announced the news from a press release on TV. This is the 5th phase of this welfare food scheme. This extension is equivalent to a return gift by the BJP government post winning 4 states out of 5 in recent assembly polls. The decision was taken place during the cabinet meeting which was headed by PM Modi. The official statement of the meeting informs that the 5th phase of PM-GKAY will cost an additional Rs 80,000 crore in next six months. So, the total expenditure of the welfare scheme is touted at Rs 3.40 lakh crores till September 2022. The officials said that the decision by the cabinet is taken keeping the benefits it gives to poor and needy people. As COVID-19 is controlled yet not finished and many people are...

Read More
ArticleBusinessFeaturesFinanceFoodForce MajeureHealthHotInternationalLatest NewsLifestyleSocietyTrending

Sri Lanka’s Economic Crisis Intensifies; Leads To Violence And Deaths In Protests

Sonia SolankiMarch 26, 20220

Sri Lanka's economic crisis is turning out to be a nightmare for its people. They are suffering and thus pleading for help from the government on the roads by protesting. The major factor that led to this magnum crisis is the shattering economy due to fuel shortage. It is the main culprit for the present situation. Sri Lanka's Fuel Crisis The fuel crisis is the main culprit that has led to power and food shortage. This is causing major chaos among the people as the day to day necessities are diminishing for them. People are forced to stand in queue for hours to get fuel and food. Shortage of rice, lentils, sugar and dairy is causing a state of panic among them. In the last two days, three people have died while waiting for their turn in queues at the fuel stations. Multiple...

Read More
ArticleBusinessFeaturesFinanceHotIndiaLatest NewsSocietyTrending

India’s Exports Cross $400 Billion Mark; PM Congratulates Farmers, MSMEs Among Others

Sonia SolankiMarch 24, 20220

India's export has crossed the $400 billion target mark. This is the first time ever that India crosses that mark and that too before 31st March 2022. PM Modi congratulated on achieving the target and he congratulated farmers, weavers, MSMEs, manufacturers, exporters for the success. He also said that this is a milestone in our Aatmanirbhar Bharat Journey, #localgoesglobal India's Export Potential : The recent development shows that India has a tremendous potential in export department, which increased by 37% during April-March 22, 2021 - 22 against 292 ISD billion in April-March 2020 - 21. On average, India exported goods valued at USD 33 billion every month and approximately USD 1 billion worth of goods every day. The major sectors which helped in achieving the success i...

Read More
ArticleBusinessFinanceHealthIndiaLatest NewsLawLifestyleTrending

Sensodyne Toothpaste Brand Fined Rs 10 Lakh For Misleading Ads

Sonia SolankiMarch 23, 20220

Sensodyne, a leading toothpaste brand, has been issued a fine of Rs 10 lakh by the Central Consumer Protection Authority (CCPA). It has also ordered the discontinuation of some of the misleading advertisements too. In an official statement on Tuesday, CCPA declared that the Sensodyne products which use taglines like "World's No.1 sensitivity toothpaste" or "Recommended by the dentists worldwide" needs to go off air within seven days. Why CCPA Banned Sensodyne? In February 2022, CCPA had passed orders stating the ban of advertisements showing foreign dentists endorsing toothpaste. The ban was valid across the different social media platforms like Twitter, T.V, Youtube, Facebook etc. In these advertisements, the toothpaste was promoted as the world's No.1 sensitivity toothpaste, by ...

Read More
ArticleBusinessFinanceFoodHotIndiaLatest NewsLawLifestylePoliticsSocietyTrending

MSP Demand Is Irrational And Infeasible To Implement: SC Committee Report

Sonia SolankiMarch 22, 20220

The Minimum Support Price (MSP) demand was one of the key demands during the farmer agitation which ran for one year against the three farm laws. Though the three farm laws were repealed after one year of wait on November 19, 2021. The issue of MSP gained the limelight during and post farmers' protests. Even during multiple dialogues with the Centre and farmers association, no clear results came out on MSP demand. As the protest kept on intensifying, the Supreme Court intervened in the issue. A committee was called upon by the SC consisting of 4 members. Later, one of the members resigned from the committee. Finally, a three-member committee appointed by the apex court conducted the study to understand the issue of MSP and three farm laws. SC Committee Report Details The com...

Read More
ArticleFinanceInternational

Ukraine Signs Legal Framework For Cryptocurrency After Receiving Millions Of Digital Donations

Snehashish RoyMarch 18, 20220

Ukraine has passed a law to legalise cryptocurrency in the country amid their high-tension confrontation with the Russian army against the invasion of their country. The bill to create a legal framework for the cryptocurrency industry in Ukraine was adopted last month in their parliament. President Volodymyr Zelenskyy signed it into law on March 16. This law will enable Ukrainian and foreign cryptocurrencies to exchange legally and allow crypto companies to open their bank accounts, according to Ukraine's digital transformation ministry. It determines the ownership, classification and legal status of virtual assets. “From now on, foreign and Ukrainian cryptocurrencies exchanges will operate legally and banks will open accounts for crypto companies. It is an important step towards...

Read More
ArticleBusinessEducationFinanceHealthHotIndiaLatest NewsLifestyleScience & TechSocietyTrending

India Loses 1/3rd Solar Power Prospects Due To Air Pollution: IIT Delhi Study

Sonia SolankiMarch 17, 20220

The latest study conducted by the Indian Institute of Technology (IIT) Delhi reveals the effect of polluted air on solar power prospects. Although the study is done in order to study the impact of pollution on renewable energy goals of India. According to this study, "India lost almost 29% of its global horizontal irradiance potential between 2001 - 2018." Why Renewable Energy Is Crucial? In India's portfolio of climate control, one of the main factors is the enhancement of Solar energy utilization. At present India stands at the fifth position in solar energy production capacity with 50 terawatts every hour.  The sensitization of climate change is a necessity as we are moving ahead with new technologies. The humungous issue of pollution has affected millions and millions of l...

Read More