The impact of the invasion of Ukraine by neighbouring Russia would be felt across the stock market and other markets from wheat and energy prices, sovereign dollar bonds to safe heaven to the stock markets. In general situations due to uneventful events, people tend to pull out their investments and divert them to safe-haven securities. People will start investing in bonds, especially sovereign bonds. In the present situation, there is anyways a risk of inflation. In the forex market, the Euro currency exchange is considered to be the biggest indicator of geopolitics risk in the eurozone as the Swiss currency has been long seen as safe haven by investors. The swiss currency exchange rate saw hit its highest hit since May 2015 in late January. Gold has also been seen as a shelte...
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Nepal is the primary country to adopt India's UPI system, which played a pivotal role in transforming the digital economy of the neighbouring country. The National Payments Corporation of India (NPCI) said on Thursday, it'll revolutionalize the digital payment system in Nepal. UPI is a real-time payment system providing simplicity, safety and security in P2P and P2M transactions in India. In 2021, it enabled 3,900 crore financial transactions valuable USD 940 billion which is reminiscent of approximately 31% of India's GDP. According to some reports, UPI is estimated within the yr 2022, making it to cross $1 trillion in overall volumes for the present yr. The international arm of NPCI has joined hands with the gateway payments services and Manam infotech to supply the service...
Read MoreIndia-Dubai Conducts Maritime Naval Exercise: Learn Importance Of These Exercises For India’s Diplomacy Policy
India-Qatar has started the 2nd edition of the joint maritime exercise. This exercise includes a three-day harbour phase followed by a two-day sea phase. The sea phase is comprised of tactical maritime exercises involving surface action,anti-piracy exercises, air defence, maritime surveillance, etc. In the sea phase of the exercise, the Indian Navy’s stealth frigate INS Triaknd, QENF missile boat and Rafale fighter aircrafts participated. A joint exercise with one or more nations serves the aim of signalling to a third country the influence we've within the region and an illustration of our resolve to further our diplomatic objectives...It facilitates better coordination between the militaries, observation of enemy's tactics, and familiarisation with new technologies, enabling on-the-...
Read MoreIndia is trying to opt for a balanced and preventive approach in the ongoing Russia-Ukraine crisis. Earlier, India remained silent and was appealing to sort out the differences between the countries peacefully in the international community. On January 30, 2022, India abstained from voting in UNSC when the US demanded the Russia-Ukraine crisis discussion. India neither voted in favour of it nor against it. The response, however, was not surprising for many experts as in 2014 when Russia attacked Crimea, India abstained from voting in UNSC on the resolution passed by the US. The country had passed a resolution against Russia in the UNSC. Russia took India's step as a pro-Russian view. India boycotted the Winter Olympics in China where Russia aimed to promote its views on Ukrai...
Read MoreNo Development At Cost Of Livelihood: Ayodhaya Shop Owners Protest Against Road Widening Project
Road-widening projects are underway to cater to the crowds expected at the Ram temple. People who are running small shops, selling artefacts and puja material are afraid the project will raze their livelihoods. Ayodhya Development Plan In 2021, the event plan in the city hit its first roadblock when several hundred shopkeepers on the Hanuman Garhi road protested against the proposed widening of the roads. Several processions were taken out by the shopkeepers and many shopkeepers sat on dharna outside the district magistrate’s office to demand a response from the administration. Subsequently, letters too were written. The road-widening will cause the demolition of some shops, while others will lose a part of the shop area. Almost a year later, shopkeepers and traders are still up ...
Read MoreIRCTC Collaborates With RuPay For Contactless Payments; Learn Hegemony Of Domestic Payment System
IRCTC has collaborated with RuPay for contactless payments and credit payments. There are many institutions collaborating with RuPay nationally and internationally. What we need to understand that how this card system has created a hegemony and captured a major shareholder in the market. There was a time most of the online transactions were done through VISA and MasterCard, which are foreign companies. These companies used to store data related to every transaction in their servers located in foreign countries. It also collects per transactions charges from our banks to enable card-based transactions. RuPay emerged as the largest shareholder in India's debit card market. It has threatened the existence of international associations and today, they have been forced to complain US go...
Read MoreBajrang Dal Member Killed In Shivamogga Amid Hijab Row; Tension Mounts Between Hindu-Muslim Groups
The Bajrang Dal member killing in Shivamogga, Karnataka is escalating new chapters of religious animosity. The religion which a man follows teaches him to be kind and be a human first. But it seems that when religion is used to propagate political agenda, the result is disastrous. Like the recent event which is related to a killing of a young 26 years old man, named Harsha. Harsha was a member of Bajrang Dal, its a youth wing of Hindu Nationalist Organisation and a member of RSS. The Bajrang Dal shares ideology with RSS' Hindutva. As per Bajrang Dal people, the killing happened after Harsha posted a Facebook post supporting the Dress code amid the Hijab Row in Karnataka. In Shivamogga Hindu-Muslim Tension Mounts In last two months, the Hijab issue has escalated new heights. So muc...
Read MoreEarlier this month, a 216-foot high statue of Ramanujacharya – founding father of the Vishishta Advaita school of Vaishnavism in 11 century South India – was unveiled by Prime Minister Narendra Modi. The statue is called ‘Statue of Equality, presumably on the lines of the Statue of Liberty in the big apple. Modi said Ramanuja’s Statue of Equality and Sardar Vallabh Bhai Patel’s Statue of Unity will change India. The main institutionalize of the most recent statue is Chinna Jeeyar Swamy, said to be the guru of Telangana chief minister K. Chandrasekhara Rao. Chinna Jeeyar Swamy claims and also the prime minister of India affirms, that a good spiritual movement of equality was launched, then again why was untouchability in those areas even more widespread than the remainder of India. For thos...
Read More‘No Boards’ Protest Escalates Amid Haryana’s School Board Decision Of Conducting Board Exams For Class 5 and 8
The 'No Boards' protest in Gurugram was arranged against the decision of the Haryana education board's decision of conducting Board exams for class 5 & 8. The decision as per the state education board will be implemented irrespective of the school affiliated board. This decision was announced on January 18, 2022, under the amendment of the Right to Education Act. Haryana Government appointed SCERT as the academic authority to conduct board exams for classes 5 and 8. On February 4, 2022, BSEH (Board of School Education Haryana) wrote to all districts education officers. The letter stated that all schools must register with the BSEH by February 15, 2022. In addition to this, the letter states that schools will conduct exams from this March only. But the board has decided to skip class...
Read MorePM Modi Launches “Gobar-Dhan” Bio-CNG Plant In Indore To Tackle Issues Of Garbage Landfills
Prime Minister Narendra Modi, through a virtual press release, has announced 75 "Gobar-Dhan" bio-CNG plants across different cities in India. The first such plant was inaugurated in Indore with a capacity of 550 tonnes with a budget of Rs 150 crores. "This is a significant step taken by our government under the Swachh Bharat Mission to solve the issue of garbage landfills," said PM Modi. The mission of this scheme is to convert the garbage landfills sites into a green zone in the coming years. Under their government, the garbage disposal capacity has increased four times since 2014. "Gobar-Dhan" Plant Scheme And Clean India Go Hand In Hand The first plant under this scheme was launched in Indore, Madhya Pradesh. This plant has the capacity to treat 550 tonnes of solid waste garbag...
Read MoreA parliamentary panel has expressed anguish that the general public image of police across the country is negative and they are often seen as insensitive towards the soul and vulnerable sections. The Parliamentary Committee on the ministry of home affairs, headed by Congress leader Anand Sharma, also noted concernedly that corruption complaints were filed against some IPS officers. The committee noted with anguish that the general public image of police throughout the country is more on the negative side. The panel said the police are often seen as insensitive towards the commoner and vulnerable sections. “While there's no question that various reasons might have attributed to such behaviour on the part of the police, emphasis on right training during this regard is one among the wa...
Read MoreNorth Korea Tests Biggest Missile After 4 Years, US Gets Worked Up
North Korea has verified on Monday that it had launched a Hwasong-12 intermediate-range ballistic missile. It is the identical armament it had formerly hovered to concentrate on the US home of Guam, sparking fears the nuclear-fortified state could renew long-range testing. The launch of the intermediate-range ballistic missile (IRBM) was first reported by South Korean and Japanese authorities on Sunday. It was the seventh test conducted by an Asian country this month and thus the first time a nuclear-able missile of that size has been launched since 2017. The US seems worried due to North Korea’s raising bullet tests which may be precursors to proceeded tests of nuclear munitions and multinational ballistic dumdums (ICBMs) and pledged an unidentified response “designed to point out...
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