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Will It Be Right To Ban Freebies Schemes In Heavy Debt Ridden States In India? Read To Know!!

Gunjan ChaudharyApril 9, 20220

Like Sri Lanka, many Indian states like Punjab, Rajasthan, West Bengal are also entangled in a huge debt trap. If there was no center support, then these states too would have become financially poor like Sri Lanka. Like the states, the central government is also getting entangled in the debt trap. To save the country from economic crisis, economic experts are advising to gradually reduce subsidies in items like agriculture and health and ban freebies schemes. But will it be the right decision to put a complete ban on the schemes being provided to the poor in a country like India? Economic Affairs expert Dr. Nagendra Kumar Sharma told that taking loan is beneficial only when the loan amount is used to generate financial resources. But the report of the Reserve Bank of India shows that m...

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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...

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Article

Road Ahead For Congress More Challenging Than Ever Before

Sayani ChakrabortyApril 8, 20220

When the Congress Party's parliamentary party met for the first time this year, Sonia Gandhi, its president, made a speech in which she lambasted the ruling Bharatiya Janata Party (BJP). She said that the ruling party pursued a "divisive agenda," which she defined as one of the common components of political discourse in every state, including her own, in which she lived.   Later in her speech, she said that the ruling party had "mischievously twisted" history in order to mislead the public and intensify their political aspirations. Mrs. Gandhi went on to say that the government takes use of the power of administration to instil a sense of terror and intimidation in the hearts and minds of the general populace.   For her part, she emphasised the necessity f...

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Article

Extremely Poor In India Still Less Than 1%: IMF Report

Gunjan ChaudharyApril 7, 20220

There is s relief for India, which has come from the International Monetary Fund. Actually, the number of people living in extreme poverty in India has remained very less. According to the new working paper of IMF, the figure for such people is now less than one percent. Along with this, it has been said in the report that the scope of inequality has also been reduced. Inequality at a 30-year low This working paper of the International Monetary Fund has been prepared by economists Surjit Bhalla, Arvind Virmani and Karan Bhasin. It states that the number of extremely poor people in India has remained stable at this level even during the crisis period of the Corona pandemic. Economists said that the level of inequality in the country has reached the lowest level in 30 years. The paper adde

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Latest News

Delhi: Fitness Fine On Commercial Vehicles Increased 2 years After COVID-19

Aditi priya singhApril 7, 20220

Once again there is going to be a direct attack on the pockets of the drivers. Actually, the Transport Department of the Delhi Government has increased the fitness fine of commercial vehicles. Now even the slightest delay in the fitness of the vehicle will have to pay a heavy fine. It is known that due to covid in Delhi, the penalty for fitness test was waived for two years but now it has started again. Now the Delhi government has changed the system from April 1. Now according to the new rule, 2500 rupees will be charged for one-day fitness of auto. After this, for the fitness of the auto, a charge of Rs 20 will have to be given per day. On the other hand, taxis, heat services, and fast services coming in light vehicles will have to pay a fine of 5000 at a time. After this, ...

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IndiaInternationalLatest News

India At Par With Many Countries In Disaster Management: Amit Shah

Gunjan ChaudharyApril 7, 20220

Union Home Minister Amit Shah said on Thursday that India has greatly increased its capabilities in the field of disaster management. The capabilities of the country are now at par with many other countries of the world and on many occasions, it has been ahead of them. Addressing the Conference on Capacity Building for Disaster Relief 2022, Shah said that we have come a long way in the field of disaster management. Earlier, the resettlement centric policy of the 90s was in force. Now we are able to get information about any disaster long before it. Due to early detection of danger, we have been able to save lives and property. He said that due to various steps taken by the Central Government led by Prime Minister Narendra Modi, India has been able to reduce the number of deaths durin...

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IndiaLatest News

Why Clashes between two communities in Gujrat again and again, stones pelted during processions!!

Gunjan ChaudharyApril 7, 20220

In India, people have a long history of arguing and clashing over religious issues again and again. India which is a secular country faces religious controversies again and again in multiple states. The country where Hindus and Muslims fought for their Independence against the Britishers unitedly and won the war too but see the conditions now, now we are fighting for religion against each other. Members of two communities clashed over the playing of loud music during a religious procession in Gujarat's Anand district, injuring five people in stone-pelting. The police gave this information on Wednesday. An official of Petlad Rural Police said that the incident took place on Tuesday night at Boria village near Petlad town. According to the FIR, an argument broke out between the t...

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IndiaLatest News

Bangalore: Police Sends Notices To More Than 200 Mosques, Temples

Aditi priya singhApril 7, 20220

  Bengaluru Police on Thursday issued notices to 301 mosques, temples, churches and other establishments to use their loudspeakers within decibel level as per permission. Of the 301 notices, 59 have been given to pubs, bars and restaurants, 12 to industries, 83 to temples, 22 to churches and 125 to mosques across the city. Let us inform you that this step has been taken after some right-wing activists demanded to shut down loudspeakers violating noise pollution rules. No more sound will come from mosques At the same time, Maulana Maqsood Imran Rashidi (Imam) of Jamia Masjid there told that they have received the notice from the police department and they will follow the order which has been given as per the directions of the Supreme Court regarding the decibels of loudspe...

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Article

Why India Is Not Caring About America’s Displeasure Over Import Of Crude Oil?

Gunjan ChaudharyApril 7, 20220

There is a terrible period of cold war that is going on between America and Russia. US President Joe Biden is calling his Russian counterpart Vladimir Putin not only a brutal dictator but also a killer of humanity with "adjectives". In response, Putin is answering them with his own strategy. But at the same time, India is also not caring much for American concerns and resentment. India did not listen to America in other matters including import of crude oil from Russia. Foreign policy experts are justifying this move of India. Diplomatic experts say that after many decades, India has not cared for America's displeasure. Senior journalist Ranjit Kumar, who has knowledge of foreign affairs, says that India is showing understanding. It is not good for India to bow to American pressure. ...

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Article

TMC To Push For Introducing Women’s Reservation Bill In Rajya Sabha

Sayani ChakrabortyApril 7, 20220

A divisive issue in politics, the liberation of women has always been a source of contention, and the TMC's current leadership has further fueled the flames of this debate. In the Rajya Sabha, the upper chamber of the Indian parliament, Derek O'Brien, the TMC's floor leader, has tabled a motion urging the government to introduce a Women's Reservation Bill. When the United Front government first brought it to Lok Sabha in 1996, it was finally approved by the legislature. In 1988, 1999, and 2008, there were three further efforts to have it approved; the last was in 2008. It was finally signed into law in 2008. Following a comprehensive review, it was submitted to the Lok Sabha in 2010 and adopted by the Upper House after being subjected to further scrutiny. The 15th Lok Sabha, ...

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Article

Sri Lanka’s Poor Economic Plight And India’s Response

Sayani ChakrabortyApril 7, 20220

During the year 2020, the pandemic had a significant influence on tourism, which is Sri Lanka's most important source of foreign currency profits. This prevented it from continuing its business of importing or exporting services owing to the country's financial difficulties. A poor foreign exchange economy had resulted in significant shortages of paper and LPG in the nation, which had exacerbated the situation. Because Sri Lanka is primarily dependant on other countries for important commodities such as food, paper, lentils, pharmaceuticals, machineries, and other transportation equipment, the island was facing significant shortages of paper and LPG at the time of the shortage announcement. Sri Lanka owes more than $6 billion in foreign debt in dollars, the most bulk of which is ...

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Article

Continuous Fuel Price Hike Mars Indians; Costs Likely To Break Records

Sayani ChakrabortyApril 7, 20220

In recent weeks, the price of gasoline in retail sectors has continued to grow after continuously increasing since March 22. In order to compensate consumers who are experiencing quickly rising fuel expenditures, the price of gasoline has been squeezed even more. The increase in gasoline costs continues to startle consumers, but they are no longer shocked since they have gotten several warnings about the increase in pricing. The price of roughly 80 paise was raised on a daily basis, much like an alarm clock that was snoozed in the morning, leaving the general people perplexed and baffled. Petrol prices will rise in accordance with the previous 15-day record set by oil marketing corporations regulated by the government, with the new prices taking effect at 6 a.m. on Monday, April 15. ...

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