Year: 2024

RBI Holds Repo Rate Steady but Cuts CRR: A Balancing Act Amid Economic Challenges

Manish Kumar

A Fine Line Between Growth and Stability In a much-anticipated move, the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5% for the 11th consecutive time, emphasizing the importance of price stability amid high inflation and slowing economic growth. However, the unexpected decision to cut the Cash Reserve Ratio (CRR) by 50 basis points to 4% injected fresh liquidity into the banking system, buoying market sentiment. RBI Governor Shaktikanta Das underscored the complexity of navigating economic challenges, striking a balance between inflation control and supporting growth.  …

Russia’s ‘Make in India’ Ambitions: A New Era of Bilateral Cooperation

Manish Kumar

A Strategic Pivot in Indo-Russian Relations Russia’s burgeoning interest in India’s manufacturing sector signals a transformative phase in Indo-Russian economic ties. Speaking at the 15th VTB Russia Calling Investment Forum, Russian President Vladimir Putin lauded India’s business environment, emphasizing the profitability of investing in the country. Acknowledging the strides made under Prime Minister Narendra Modi’s leadership, Putin highlighted the alignment between Russia’s import substitution agenda and India’s “Make in India” initiative. This evolving partnership is poised to redefine global perceptions of collaboration between emerging economies, particularly in the wake of…

PM Modi Pays Tribute to Dr. BR Ambedkar on 69th Anniversary of Mahaparinirvan Diwas

Manish Kumar

Mahaparinirvan Diwas: Dr Ambedkar, a revered leader, thinker, and reformer, dedicated his life to championing equality and eradicating caste-based discrimination. Mahaparinirvan Diwas holds profound significance as a tribute to Dr BR Ambedkar’s transformative legacy. Mahaparinirvan Diwas: Prime Minister Narendra Modi on Friday paid tribute to Dr BR Ambedkar at the Parliament House Lawns in the national capital on the occasion of the 69th Mahaparinirvan Diwas. The Prime Minister in a post on X said that Ambedkar’s tireless fight for equality and human dignity continues to inspire generations. “On Mahaparinirvan Diwas,…

India on High Alert as Bangladesh Stations Turkish Drones Near Border: Sources

Manish Kumar

Sources said the Army was verifying reports on the deployment of Bayraktar TB2 unmanned aerial vehicles (UAVs) close to the border with India. These drones were recently acquired by Bangladesh. Development comes amid increase in terrorist activity along border Bangladesh deploys Bayraktar TB2 drones near West Bengal India ups vigilance, may opt for counter-drone operations India has intensified surveillance along the Bangladesh border amid reports that the neighbouring country has deployed Turkey-made drones near West Bengal, sources told India Today. The development comes against the backdrop of intelligence inputs indicating…

ChatGPT Pro Unveiled: OpenAI Offers Advanced Features, Including Voice Mode and Unlimited Access

Manish Kumar

OpenAI unveils ChatGPT Pro with unlimited access to its reasoning model, voice mode and more, but at a price OpenAI is launching a new subscription-based exclusive model, ChatGPT Pro, that will include unlimited access to OpenAI o1, GPT 4o and Advanced voice mode. The ChatGPT Pro will cost users $200 (around Rs 17,000) per month. It also offers a Pro-exclusive version of o1, known as o1 pro mode, which utilises additional computing power and reasoning to deliver the best solutions for complex problems. The company will maintain a Plus tier…

Govt Announces Expansion of Passport Seva Kendras to Better Serve Applicants

Manish Kumar

Post Office Passport Seva Kendras (POPSKs), launched in 2017, have served so far over 1.52 crore citizens. Now, the government plans to extend the number of POPSKs to over 600 by 2028-29. Here is good news for those who are planning to apply for a passport. The government plans to expand the number of Post Office Passport Seva Kendras (POPSKs) operated through post offices. Currently, 442 ‘Passport Seva Kendras’ are operational and the number will be increased to 600 in the next five years. A Memorandum of Understanding (MoU) was…

Class 6 Student Found Dead Under Suspicious Circumstances at School in Delhi’s Vasant Vihar

Manish Kumar

The exact reason for the death would be ascertained after the post-mortem, however, the police said that there were no marks of injuries on the body but a foam-like substance was oozing out of the mouth. In a tragic incident, a 12-year-old child died at a private school in the Vasant Vihar area of southwest Delhi on Tuesday morning. The police suspected the seizure to be the cause of death even as the family claimed the boy was beaten up by his classmate. As per the sources, police have collected…

Devender Yadav Pledges 400 Free Electricity Units for Delhi Voters if Congress Wins

Manish Kumar

Delhi Assembly Election 2025: Arvind Kejriwal had claimed before the 2022 Municipal Corporation of Delhi elections that AAP would clear the three garbage mounds in the national capital as soon as it was elected to power in those polls, the Congress leader Devender Yadav claimed.   Delhi Assembly Election 2025: The Congress party will provide free electricity up to 400 units a month if it comes to power in Delhi, the party’s city chief Devender Yadav said on Tuesday (December 4). Yadav said in a statement that Congress would also…

Maharashtra Cabinet: BJP Keeps Key Portfolios as Mahayuti Finalizes Ministry Division

Manish Kumar

Maharashtra Cabinet: In its first meeting, the state cabinet recommended to the Governor that the assembly session for administering the oath to newly elected MLAs be scheduled from December 7 to 9. Maharashtra Cabinet: In a significant political development, BJP leader Devendra Fadnavis made a strong return as Maharashtra Chief Minister during a grand oath-taking ceremony at Azad Maidan in South Mumbai on Thursday evening. Shiv Sena chief Eknath Shinde and NCP leader Ajit Pawar also took the oath as Deputy Chief Ministers, marking a new chapter in the state’s…

Scott Boland’s No-Ball Gives KL Rahul a Lifeline in 2nd Test Against Australia

Manish Kumar

India vs Australia Live Cricket Score: India are up against a wounded Australia in the second Test, which doesn’t happen often, especially in their own backyard. India will have some reinforcements in their playing XI while Australia too have a forced change and the hosts aim to level the series. IND vs AUS 2nd Test Live Cricket Score: Scott Boland sends back KL Rahul on a no-ball, Indian opener survives India vs Australia Live Updates: A 46 all-out has happened after it, that too at home so the 36 all-out…