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Meta Crashdown: What Led To A First-Ever $230 Billion Dip In Its 18-Year History?

Snehashish RoyFebruary 4, 20220

The world of the metaverse is seen to be crumbling down. The formerly known Facebook, now Meta, has suffered an ever-high 26% dip in its stocks. Its market value now plummeted by more than $230 billion. As a result, the chief executive Mark Zuckerberg has now been pushed out of the tantalizing top 10 list of the world's richest. The sudden dip in its market value is seen following a dismissal earnings report laid out by a company spokesperson. Zuckerberg said the company is experiencing a tricky transition from being one of the dominant social media platforms to the ultra-modern metaverse. Largely, the primary reason for this setback is attributed to losing over half a million users from its core social networking application, Facebook. However, other reasons are responsible f...

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income tax
ArticleLatest News

“Union Budget Recognises The Efforts Of Tax Payers”-REALLY?

Pooja YadavFebruary 4, 20220

Recently while presenting the budget recognized the efforts of taxpayers and their productivity. But Mr. Subrahmanyam swami a renowned political leader in an interview given to India today has said that income tax should be abolished. India needs about 14 percent of growth rate to become a 5 trillion economy. This could be achieved only by abolishing the income tax according to Mr. Subramanyam swami. Through this article, we will discuss the different aspects of income tax or should be abolished or is it unfair for the individuals?. Let's start the discussion then... DEMAND FOR ABOLISHING THE TAXThe demand for abolishing the income tax is not new. There were many times people and experts have demanded to abolish the income tax and some even called this system a cruel one. The d...

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ArticleFinance

Centre To Sell IDBI Bank, Will Keep Some Stake: Sources

Snehashish RoyFebruary 4, 20220

Centre is planning on selling IDBI Bank by the end of March, however, will keep a part of its stake to itself, the secretary of the department of investment and public asset management (DIPAM) Tuhin Kanta Pandey told The Indian Express. The sale will be made through an expression of interest (EOI). The process of sale will include the Centre filing the Draft Red Herring Prospectus (DRHP) of the Life Insurance Corporation (LIC). It will be made by the next week with the market regulator. The primary prospectus is expected to be listed on stock exchanges by the end of this financial year. LIC holds the management stake in IDBI Bank with a 49.24% share. Whereas, the Government of India holds a 45.48% stake in the bank. Pandey said the detailed consultations have been made with the ...

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masada fortress
ArticleEventsFeatures

“Masada Fortress Lights Up Marking 30 Years Of India-Israel Friendship”-Know More About This Place

Pooja YadavFebruary 3, 20220

Masada is associated with ancient stone defense in Israel, placed high on top of the Dead Sea on a tall, rocky mesa. currently associate Israeli parkland and a UN agency World Heritage website, the 840-acre advanced holds healthy ruins attesting to the history of the traditional kingdom of Israel and also the courageousness of its folks within the face of a Roman beleaguering. LocationMasada is found in Israel on the sting of the Judean desert, between Ein Gedi and Sodom, on cliffs created of chalk, dolomite, and soil strata regarding one,300 feet (400 meters) on top of the Dead Sea. Because of the desert climate, the encompassing space is just about untenanted and undeveloped. King HerodMeaning “strong foundation or support” in Hebrew, Masada may be a natural def...

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ArticleIndiaLatest NewsScience & TechTRENDING

Indian Industries Create Milestones With Unmanned Aerial Vehicles

Sayani ChakrabortyFebruary 3, 20220

Several programmes favouring indigenisation and technology development benefiting prospective Indian suppliers show that the Indian government promotes "Make in India" for self-reliance in the defence industry. Indian enterprises are encouraged to design, develop, and manufacture defence systems, subsystems, and components, focusing on indigenisation and self-reliance. Unmanned aerial vehicle Several DPSUs, including the DRDO, began producing defence goods in the early 1960s, including HAL, MDL, GRSE, GSL, HSL, BEML, Mishra Dhatu Nigam, and BEL, as well as the Ordnance Factory Board (OFB). Even Nevertheless, the tri-services continue to import key equipment to satisfy their operational needs because of a mismatch between the defence forces' demand and availability of equipment. Acco...

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ArticleEventsNews

India-Israel Celebrates Its 30 Years Of Diplomatic Relations

Pooja YadavFebruary 3, 20220

India and Israel are celebrating their 30 years of diplomatic relationship and a special bond based on humanity and friendship. On this occasion, both countries uniquely celebrated this special day by choosing important UNESCO heritage monuments of their respective countries. India displayed the logo and flag of Israel along with its national tricolour flag on the gateway of India whereas Israel displayed a logo that was the combination of both the countries' flags and displayed it on its most historical monument called Masada fortress. Masada is a very important fortress situated near the dead sea. after Jerusalem, it's the next most attractive tourist destination in Israel. It has a very close connection with Jewish, Islam, and Christianity. Both the monuments have their hist...

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ArticleBusinessFinanceNews

Reduce Income Tax Or Not: The Conundrum Explained

Pooja YadavFebruary 3, 20220

BJP leader Subramanian Swamy has recently talked about abolishing the income tax. He shared his opinion during an interview with India Today. Also, Union finance minister Nirmala Sitharaman from the podium of parliament recognised the efforts of middle-class salaried people and their constant efforts. Through this article let's have a look into this crucial topic, should income tax be abolished and also discuss those countries where either income tax is abolished or have a minimum slab rate. Income Tax Payers Despite actively participating in India's GDP, the current Union budget has disappointed the taxpayers. However, if we go by the percentage, only 1-2% are covered by income tax. It suggests how important taxpayers are to the government's treasury. Many economists consid...

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ArticleBJPPolitics

Modi Government Deceived Parliament, SC On Pegasus Allegations: Congress

Snehashish RoyFebruary 1, 20220

Congress has hinted that the party will raise the matter related to the Pegasus row in Parliament on Monday. The party has launched an attack on the BJP and claimed that the Centre had "deceived" the House on the issue. The attack was revived following The New York Times report that mentioned the Indian government's buying of Israeli spyware Pegasus in 2017. The Leader of Opposition in Rajya Sabha Mallikarjun Kharge said in a press conference that Congress had raised the matter in Parliament earlier and the party will raise it again. "Parliament was deceived by the Modi government. It is clear that the Supreme Court was also duped by the Modi government. It is also clear that the people of India were lied to by the Modi government and its ministers," said Kharge. Accord...

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ArticleBJPElectionsPoliticsSPUP Elections

Smriti Irani Touches Mulayam’s Feet; Is BJP Allying With SP In UP Elections?

Gunjan ChaudharyJanuary 31, 20220

The budget session of Parliament has started today. During this, the movement of many leaders was seen in the complex. One picture that has come in front is that of Union minister Smriti Irani and Samajwadi Party founder and patron Mulayam Singh Yadav, which is making headlines. Smriti Irani and Mulayam Singh Yadav were going back and forth while leaving the entrance of Parliament, during which, Smriti's eyes fell on Mulayam Singh Yadav. On seeing Mulayam, Smriti took blessings by touching her feet, but at that time Mulayam was finding it difficult to climb the ladder and on seeing this, Smriti tried to support him. However, later the security personnel also reached there and caught Mulayam Singh. Apart from this, another picture also surfaced. In this, she once looked toward R...

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ArticleBJPElectionsNewsPoliticsUP Elections

When Riots Were Taking Place, They Were Celebrating: PM Modi Targets SP On UP Elections 2022

Gunjan ChaudharyJanuary 31, 20220

Prime Minister Narendra Modi counted the achievements and plans of the Yogi government in the first virtual election rally. Along with this, fiercely attacked the Opposition. PM Modi addressed the people of 21 assembly constituencies of Shamli, Muzaffarnagar, Saharanpur, Baghpat and Gautam Budh Nagar virtually and sought support for the party candidates. Chief minister Yogi Adityanath, BJP state president Swatantra Dev Singh, deputy chief minister Keshav Prasad Maurya attended the rally from the virtual studio set up at the BJP state headquarters. A large number of BJP supporters were present in all the districts including Noida to listen to the PM. PM Modi said that no one can forget what was discussed about UP. Five years ago, only the 'dabangs' and the rioters used to run the l...

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ArticleBJPLatest NewsNewsPoliticsSP

UP Assembly Election: Samajwadi Party Uses Sardar Patel’s Picture On Victory Chariot; Is It Playing Sympathy Card?

Gunjan ChaudharyJanuary 31, 20220

In Uttar Pradesh's politics, on one hand, the Bharatiya Janata Party (BJP) talks about realizing the dream of Sardar Vallabhbhai Patel by giving the slogan of Sabka Saath Sabka Vikas. At the same time, the Samajwadi Party (SP) government in the state has also made promises for the development of all. When Mulayam Singh Yadav's son and former chief minister Akhilesh Yadav, who was contesting the election from Mainpuri's Karhal assembly seat, came out on a victory chariot, everyone was in awe. This time there was a picture of Sardar Patel on his victory chariot. Many types of speculations have been made by experts after seeing this picture. In UP, where on one hand the BJP is fighting the elections on the issue of Hindutva and development. At the same time, the Samajwadi Party has e...

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ArticleElectionsPoliticsPunjab Elections

Punjab Election: With Bare Representation Of Women, Political Parties Focused On Disparate ‘Change’ In State

Snehashish RoyJanuary 31, 20220

'Breaking the glass ceiling' has been one of the war cries across political parties during elections to attract more women voters. Every leader, representing any party, will be seen remarking in favour of increased women participation in politics. However, looking at the most revered candidates' lists for the Punjab Assembly election, a dearth is seen in the number of women candidates. Despite a high-profile campaign launched by the Congress in Uttar Pradesh surrounding women, the echo does not seem to reach Punjab. In UP, Congress promised to dedicate 40% of its tickets to women. Whereas, only 11 out of 109 seats are given to them in Punjab. The Shiromani Akali Dal (SAD)-Bahujan Samaj Party (BSP) alliance announced 117 candidates and only 5 of them are women. The Aam Aadmi ...

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