Day: June 7, 2024

Nepal Recalls Ambassadors from 11 Nations (Including India) Amid Political Turmoil: Here’s the Situation Explained

Manish Kumar

The Nepalese government has recalled ambassadors from 11 countries, including significant ones like India and the United States. The ambassadors in question were initially appointed under the quota of the Nepali Congress party. Prime Minister Prachanda, who had formed a coalition government with the Nepali Congress, decided to terminate the alliance and join forces with KP Sharma Oli. Reports suggest that Foreign Minister Shrestha opposed the unilateral decision to recall the ambassadors, arguing that some of them had performed well. The recall of ambassadors adds to the political turmoil in…

Sensex Hits Record High as RBI’s Growth Forecast Sparks Market Rally

Manish Kumar

Sensex Soars to New Heights RBI’s Growth Projection Boosts Sentiment Sectoral Surge Led by Interest Rate Sensitive Stocks Tech and Banking Stocks Lead the Charge Real Estate and Auto Sectors Shine Political Controversy on stock market crash on Election result day. Rahul Gandhi demanded a JPC probe. The Sensex, India’s benchmark stock index, surged to unprecedented heights, marking a remarkable recovery from recent setbacks triggered by political developments and election uncertainties. The surge came on the heels of the Reserve Bank of India’s (RBI) optimistic GDP growth forecast for the…

NEET (UG) 2024: Allegations of Exam Irregularities Spark Judicial Inquiry

Manish Kumar

The NEET (UG) 2024 examination has come under intense scrutiny following allegations of irregularities and discrepancies in the assessment process. The events have prompted a judicial inquiry by the Calcutta High Court, demanding answers from the NTA regarding the integrity and fairness of the examination. Congress leader Priyanka Gandhi called for a thorough investigation into what she termed “legitimate complaints” regarding anomalies in student scores. Despite mounting allegations, the NTA stood firm in its defense, dismissing the claims of irregularities. Recognizing the gravity of the situation, the Calcutta High Court…

Over 15 Indian firms participated in person to attract global investors

Manish Kumar

On the sidelines of the inaugural Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum, the Department of Commerce and Invest India organised a meeting to showcase various investment opportunities in India.     In his inaugural address Secretary, Department of Commerce, Shri Sunil Barthwal, stressed on how India’s growth rate is nearly double that of other emerging market economies. He remarked on how this strong growth is also leading to a trend of ‘reverse flipping’, where Indian start-ups that once moved abroad for capital access and tax benefits…

Navigating Delhi’s Water Supply Dynamics Amidst Heatwave and Resource Constraints

Manish Kumar

As Delhi grapples with the dual challenges of a scorching heatwave and looming water scarcity concerns, a deeper understanding of the capital’s intricate water supply mechanisms becomes imperative. Here’s an expanded exploration of Delhi’s water sources, the recent crisis triggers, and the complexities involved: Water Sources for Delhi: Delhi’s water supply predominantly hinges on the Yamuna, Ravi-Beas, and Ganga rivers. Ganga water, channelled through the Upper Ganga Canal in Uttar Pradesh, constitutes a significant portion, providing approximately 254 MGD (million gallons per day). Channels such as the Carrier Lined Channel…

Shiv Sena (Uddhav Thackeray) Stands Firm: Commitment to INDIA Alliance Amidst Speculations

Manish Kumar

The Uddhav Thackeray-led faction of the Shiv Sena has reaffirmed its allegiance to the INDI alliance, dispelling rumors of a potential retraction to the NDA fold. With 9 seats to its name, the Shiv Sena (UBT) emerges as Maharashtra’s second-largest party. The 2024 Lok Sabha elections in Maharashtra unfolded against a backdrop of unprecedented political complexity, characterized by factional divisions within key political entities. The BJP-backed Shinde and Ajit Pawar factions found themselves in direct opposition to the Thackeray and Sharad Pawar factions, supported by the Congress. The Congress-Shiv Sena…

Reserve Bank of India’s MPC Meeting: Insights into Economic Policy and Regulatory Revisions

Manish Kumar

GDP growth for the financial year 2024-25 projected at 7.2% Standing Deposit Facility (SDF) rate stays put at 6.25% RBI keeps the inflation forecast for FY25 steady at 4.5% The recent Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting unfolded against the backdrop of evolving economic dynamics and regulatory imperatives. Led by RBI Governor Shaktikanta Das, the MPC deliberated on a range of policy measures aimed at navigating the intricacies of inflation management, economic growth, and regulatory enhancements. Here’s a comprehensive overview of the key takeaways from the…

Coalition Dynamics: Impacting BJP’s Core Initiatives in Modi 3.0 Era

Manish Kumar

The aftermath of India’s recent electoral verdict has left the political spectrum abuzz with surprises and historic milestones. The unexpected success of the INDI Alliance, securing a formidable 234 seats, poses a significant challenge to BJP’s ambitious ‘400 paar’ campaign. Despite this, the Narendra Modi-led National Democratic Alliance (NDA) secured an unprecedented third consecutive term, albeit with a mandate weaker than initially anticipated. As the Modi Sarkar gears up for its third term, it enters into uncharted territory marked by heightened dependency on alliance partners, notably the Telugu Desam Party…

BML Munjal University Plants Native Trees to Nurture Nature on World Environment Day

Manish Kumar

National: On the occasion of World Environment Day, BML Munjal University (BMU) organized a tree plantation drive on its campus to reinforce its commitment to environmental sustainability. The Environment Club, along with students, faculty and staff members, planted trees of native species, aiming to increase the green cover and preserve biodiversity. Recognizing the critical role of restoring ecosystems, BMU’s initiative is aligned with this year’s World Environment Day theme, ‘Land Restoration, Desertification and Drought Resilience’. As an institution of higher learning, BMU recognizes its pivotal role in shaping future leaders who…

TDP and JDU Present Demands, Shaping BJP’s Support for Modi 3.0 Administration

Manish Kumar

PM Modi is expected to present his claim to form a new coalition government today after a meeting with all the newly elected MPs of the National Democratic Alliance (NDA). With the BJP falling short of a commanding majority in the Lok Sabha, intense negotiations with alliance partners have taken center stage, highlighting the evolving dynamics of Indian politics. The TDP, securing 16 seats, is eyeing five cabinet posts, including the coveted parliamentary speaker position. The JDU, with its 12 seats, is vying for significant portfolios such as railways and…