Month: May 2023

Adani-owned NDTV profit plunges about 98% on weak advertising demand

Manish Kumar

Indian broadcaster New Delhi Television Ltd (NDTV), part of the Adani Group, posted a 97.6% fall in quarterly profit due to weak advertising demand. The results come as businesses worldwide look to rein in costs such as advertising to ride out an economic downturn caused by persistently high inflation and aggressive interest rate hikes. NDTV reported a consolidated net profit of 5.9 million rupees ($72,206.58) for the quarter ended March 31, compared with 241.6 million rupees a year earlier. Revenue from operations fell 35.5% to 669.6 million rupees due to…

The Godfather of AI regretted his work and moved on from Google; “Will talk about the dangers of AI”

Manish Kumar

Godfather of AI Geoffrey Hinton quits Google and warns of the dangers of machine learning.  The neural network pioneer says the dangers of chatbots were ‘quite scary’ and warns they could be exploited by ‘bad actors.  Hinton was also concerned that AI will eventually replace jobs like paralegals, personal assistants, and other “drudge work”, and potentially more in the future.  Google’s chief scientist, Jeff Dean said, “We remain committed to a responsible approach to AI. We’re continually learning to understand emerging risks while also innovating boldly.”  IBM CEO Arvind Krishna…

April GST collection hits an all-time monthly high of Rs 1.87 lakh crore

Manish Kumar

The GST collection in April touched an all-time monthly high of Rs 1.87 lakh crore, rising by 12 percent compared to in April 2022.  In April, the revenue from domestic transactions was 16 percent higher than the revenue from the same sources during the same month last year.  This buoyancy was also reflected in the April collections from states, which stood at Rs 1.51 lakh crore as against 1.30 lakh crore in April 2022.  PM Narendra Modi lauded the highest-ever monthly GST collection as “great news” for the Indian economy. …

NITI Aayog Releases Compendium on Best Practices in Social Sector 2023

Manish Kumar

NITI Aayog released the “Best Practices in Social Sector: A Compendium, 2023” today in collaboration with the United Nations Development Programme. To commemorate 75 years of India’s independence and highlight and laud the efforts of Union Ministries and State Governments, this compendium includes 75 case studies cutting across 14 key social sectors. The case studies have been sourced from all States/ Union Territories and 30 Ministries and Departments of the Government of India. “This publication is an opportunity for peer-to-peer learning among states, to applaud the efforts of innovations taking…

Gujarat and Maharashtra celebrate their 63rd Foundation Day on 1st May with great fervour

Manish Kumar

The states of Gujarat and Maharashtra commemorated their 63rd Foundation Day on 1st May today. On the occasion, Prime Minister Shri Narendra Modi extended his greetings to the people of Gujarat and Maharashtra. In a tweet, the Prime Minister said, “Best wishes on Maharashtra Day. The state is blessed with a great culture and hardworking people who have enriched national progress across different sectors. I pray for the continued progress of Maharashtra in the years to come.” In another tweet, the Prime Minister extended his best wishes to the state of Gujarat,…

ECI directs state teams to enhance vigil across 185 inter-state checkposts

Manish Kumar

he Election Commission of India led by Chief Election Commissioner Shri Rajiv Kumar today held a video conference with Chief Secretaries, Director Generals of Police, Nodal Police Officers, Nodal Officer CAPF and senior officials from enforcement agencies including Coast Guard, NCB, Income tax, etc  of Karnataka and border states of Goa, Maharashtra, Telangana, Andhra Pradesh, Tamil Nadu and Kerala to review the election arrangements, law and order coordination in view of the ongoing General Election 2023 to the Legislative Assembly of Karnataka. During the review meeting, CEC Rajiv Kumar directed…

Yoga Mahotsav to commemorate 50 days countdown to the International Day of Yoga 2023 to be organised in Jaipur Tomorrow

Manish Kumar

Morarji Desai National Institute of Yoga (MDNIY under the Ministry of Ayush will celebrate the Yoga Mahotsav to commemorate the 50 days countdown to the International Day of Yoga at Shri Bhawani Niketan Shiksha Samiti, Sports Ground, Jaipur tomorrow (2nd May 2023). The Ministry is organising the event with active support and cooperation of the state government of Rajasthan, local authorities and various institutions with an objective to boost Medical Value Travel in Rajasthan through Yoga Governor of Rajasthan, Shri Kalraj Mishra, Union Minister of Ayush & Ports, Shipping and Waterways…

India is now Europe’s largest supplier of refined fuels: Report

Manish Kumar

India has become Europe’s largest supplier of refined fuels this month while simultaneously buying record amounts of Russian crude.  Russian crude oil arrivals to India are expected to surpass 2 million barrels a day in April, representing almost 44% of the nation’s overall oil imports.  Russia emerged as a major supplier to India for the first time in 2022-23 (FY23) after it started giving oil at discounted rates amid the Ukraine war.  Europe’s refined fuel imports from India are set to surge above 360,000 barrels a day, edging just ahead…

Salman Khan blamed himself for his unsuccessful past relationships: “unlucky in love”

Manish Kumar

Mumbai film industry’s most eligible bachelor Salman Khan might have dated the most sought-after tinsel town hotties till date, but unfortunately, none of his love affairs lasted for long. Recently, in an exclusive conversation, the ‘Dabangg’ Khan, who usually prefers to stay tight-lipped about his private life, got candid about the cause behind his unstable relationships. Salman Khan has spoken about his past relationships and said that the fault is his. The unlucky lover boy Salman stated that it was he who was not able to live up to his…

Despite the creation of 69 million jobs, “Role change” will result in a loss of 14 million jobs: WEF Report

Manish Kumar

·       Employers are expected to create 69 million new jobs and eliminate 83 million roles, resulting in a loss of 14 million jobs, World Economic Forum’s Future of Jobs Report 2023 said. ·       The report highlighted an “increasing urgency for re-skilling revolution” while estimating that 44% of an individual worker’s skills will need to be updated for sustained employability. ·       With 22% job changes expected in India by employer companies compared with the global average of 23%. ·       In India the top roles for industry transformation will be played by AI and ML specialists,…