Day: May 16, 2023

Hindutva is not dharm, Bajrang Dal a ‘group of goons’: Digvijaya Singh

Manish Kumar

Senior Congress leader Digvijaya Singh claimed ‘Hindutva” is not a “dharma” (religion) as it involves attacking those who do not agree and said he believes in Sanatam dharm which preaches harmony and welfare of all. Addressing a press conference in Jabalpur in Madhya Pradesh, the Congress Rajya Sabha member termed Bajrang Dal the youth wing of Vishwa Hindu Parishad – a “goondon ki jamat” (group of goons). “Ours is Sanatam dharm. We don’t consider Hindutva a dharma. Slogans like ‘Dharm Ki Jai Ho, Adharm Ka Nash Ho, Praniyo Me Saddhbhawna…

Axis Bank’s Citibank acquisition will further consolidate Indian credit card market

Manish Kumar

The Indian banking space has been going through consolidation in the last five years, with an increasing number of mergers and acquisitions. The acquisition of the consumer business of Citibank by Axis Bank is the most recent one. The acquisition will result in further consolidation in the consumer banking space, especially the credit and charge cards market, says GlobalData, a leading data and analytics company. The credit and charge card market in India is dominated by the top four players, including HDFC Bank, ICICI Bank, State Bank of India (SBI), and…

Allegations of probe against Adani group since 2016 factually baseless, Sebi tells SC

Manish Kumar

SEBI or Securities and Exchange Board of India, in an affidavit, said that it had investigated the issuing of Global Depository Receipts of 51 companies and no listed company of the Adani Group was among these. SEBI was responding to a petition that had claimed that SEBI had been investigating the Adani group since 2016 and had opposed a six-month extension to the regulator’s probe. In an affidavit, the market regulator told the court its previous investigation related to Global Depository Receipts was conducted against 51 Indian listed companies. However,…

US President Joe Biden vows to destroy chemical weapons by 2023

Manish Kumar

US President Joe Biden announced to destroy its last remaining chemical weapons by the fall of 2023.  “The US will continue to stand with the Organization for the Prohibition of Chemical Weapons to prevent the stockpiling, production, and use of chemical weapons around the world.  Signatories to the Chemical Weapons Convention (CWC), which took effect in 1997, committed to disposing of all chemical munition stockpiles. Legally, the US is required to do so by the end of this year.  Moscow and Beijing have repeatedly urged Washington to speed up the…

India cut windfall tax on petroleum crude: oil & gas stocks rose up

Manish Kumar

India has cut the windfall tax on petroleum crude to zero from 4,100 rupees ($50.13) per tonne, effective May 16, according to a government notification.  Besides ONGC and Oil India, other upstream companies’ shares like Mangalore Refinery and Petrochemicals Limited (MRPL) and Chennai Petroleum shall also be in the spotlight.  Shares of upstream companies rose up to 4 percent during Tuesday’s session on the BSE. MRPL and Chennai Petro were up between 3-4 percent. while ONCG and Oil India shares grew more than 1.5 and 2.5 percent.  India has cut…

Gram Vikas Yojana Distribution program organised under Chairman KVIC in Hapur, Uttar Pradesh

Manish Kumar

Gram Vikas Yojana Distribution program under Chairman of the Khadi and Village Industries Commission (KVIC) Shri Manoj Kumar was organized in Nanpur village of Garh Mukteshwar tehsil, Hapur, Uttar Pradesh  conducted by the KVIC’s Divisional office Meerut .   In this program, as part of the Honey Mission, 30 beekeepers were provided with 300 bee boxes and bee colonies. Under the Kumhar Sashaktikaran Scheme, 100 potters were given electric pottery wheels, and 75 leather artisans were provided with footwear repairing toolkits. MLA of Garh Mukteshwar constituency, Shri Harendra Singh Tevatia,…

Shri Bhupender Yadav launches Meri LiFE App

Manish Kumar

To catalyze youth action for climate change as a build up to June 5, World Environment Day, Union Minister for Environment, Forest, and Climate Change Shri Bhupender Yadav launched a mobile application, called “Meri LiFE” (My life). This app is inspired by the concept of LiFE, envisioned by the Prime Minister at COP 26, which emphasizes mindful and deliberate utilization instead of mindless and wasteful consumption. Speaking on the occasion Shri Yadav said that this app will showcase the power of citizens, especially young people in saving the environment. He also mentioned…

Union Agriculture and Farmers Welfare Minister Inaugurates Integrated Biological Control Laboratory in Hyderabad

Manish Kumar

The Union Minister of Agriculture and Farmers Welfare Government of India, Shri Narendra Singh Tomar inaugurated the Integrated Biological Control Laboratory at National Institute of Plant Health Management (NIPHM) Hyderabad today, Telangana. After inaugurating the lab, he emphasized that the use of biocontrol for pests is necessary to overcome the adverse effects of excessive pesticide use in different crops as well as to reduce the cost of cultivation and to increase farmer’s income. He underlined the need that the technologies developed in the laboratory should be taken to the farmers…

Capacity Expansion under Project II at NEIAH was done with an outlay of ₹60.16 crores: Shri Sarbananda Sonowal

Manish Kumar

The Union Minister of Ayush and Ports, Shipping & Waterways Shri Sarbananda Sonowal inaugurated six new buildings as part of the Project II of North Eastern Institute of Ayurveda & Homoeopathy (NEIAH) to expand capacity. The cost of the construction of these new buildings is estimated at more than 60 crores. Speaking on the occasion, the Shri Sonowal said that expansion of this premier institute can play an instrumental role in furthering the role of traditional medicine in the region. We see huge role of integrative medicine in the healthcare…

PM praises efforts towards self employment of women

Manish Kumar

The Prime Minister, Shri Narendra Modi has praised the efforts towards self employment of women. In a tweet, Deputy Chief Minister of Maharashtra, Shri Devendra Fadnavis informed that 27000 women from Mumbai were empowered as they have been distributed various tools & machines like sewing machine, chakki, masala making machine etc for the self-employment under BMC’s scheme, at Somaiya Maidan, Chunabhatti, Mumbai. Responding to the tweet by the Deputy CM, the Prime Minister tweeted; “Commendable effort to further women empowerment.”