Year: 2024

CBI Unveils NEET Paper Leak: Hazaribagh School at the Center

Manish Kumar

The Central Bureau of Investigation (CBI) confirmed before the Supreme Court that the NEET-UG paper leak occurred at Hazaribagh’s Oasis School on May 5, the day of the exam. This marks the first official claim by the CBI since it began investigating the case in June. The CBI revealed that not only was the exam paper leaked, but it was also solved within the same school premises. Key Figures in Custody Oasis School principal Ehsanul Haque and center superintendent Imtiyaz Alam are currently in CBI custody in connection with the…

Revised Income Tax Slabs and Increased Standard Deduction in Budget 2024

Manish Kumar

In the first budget of the Modi 3.0 government, Finance Minister Nirmala Sitharaman announced significant changes to income tax slabs and standard deductions aimed at providing relief to taxpayers. The revised tax structure and deductions are expected to result in substantial savings for individuals, particularly benefiting the middle class. Revised Income Tax Slabs The new income tax slabs introduced in the Union Budget 2024-25 are as follows: Income up to Rs 3 lakh: Nil Income between Rs 3 lakh to Rs 7 lakh: 5% Income between Rs 7 lakh to…

Another Hindu Temple Vandalized with Anti-India Graffiti in Canada

Manish Kumar

Another Hindu temple has been vandalised in Canada with anti-India graffiti painted on the walls. Vishwa Hindu Parishad (VHP) in Canada condemned the act and called on the government to take decisive action against extremist ideologies. Khalistani extremists have been promoting hate and violence with little consequence. The anti-India activities by Khalistan supporters have intensified since the death of Khalistani terrorist Hardeep Singh Nijjar in June last year. In recent years, several Hindu temples in Canada, including those in the Greater Toronto Area and British Columbia, have been defaced with…

Major Boosts for Andhra Pradesh and Bihar: Budget 2024-25 Unveiled

Manish Kumar

Finance Minister Nirmala Sitharaman presented her seventh consecutive budget on Tuesday for the fiscal year 2024-25, marking a significant moment with major announcements for Andhra Pradesh and Bihar. The budget includes substantial investments in infrastructure, education, agriculture, and youth employment, aiming to drive economic growth and development across these states. Andhra Pradesh Capital Development A landmark announcement was made for Andhra Pradesh, with the government pledging Rs 15,000 crore for the development of the state capital. This special financial support aims to transform the capital into a thriving hub of…

Modernizing Tradition: How Nirmala Sitharaman Revolutionized Budget Presentation; Briefcase to tablet

Manish Kumar

For decades, India’s finance ministers carried a briefcase to present the budget. This practice, rooted in British tradition, symbolized the weight and significance of the financial exercise. However, Finance Minister Nirmala Sitharaman broke this long-standing tradition in 2019 with a bahi khata and further modernized it with a tablet in 2021. As she prepares to present her seventh consecutive budget on July 23, let’s delve into the evolution of budget presentation under her tenure. The Legacy of the Briefcase The term “Budget” originates from the French word “Bougette,” meaning leather…

Indian Economy Demonstrates Resilience Amid Global Challenges: Economic Survey 2023-24

Manish Kumar

The Indian economy showcases remarkable resilience and stability despite global geopolitical challenges, according to the Economic Survey 2023-24. Presenting the 476-page survey in the Indian Parliament on July 22, Finance Minister Nirmala Sitharaman highlighted the successful consolidation of India’s post-Covid recovery. Role of Fiscal and Monetary Policies The survey credits both fiscal and monetary policymakers for playing crucial roles in ensuring economic and financial stability. These efforts have contributed significantly to the continued economic expansion of the country. However, it warns that global market volatility means constant change for a…

Centre Rejects Special Status for Bihar, RJD Criticizes JDU

Manish Kumar

The Centre has decided not to grant special status to Bihar. This decision came after Janata Dal (United) MP Ramprit Mandal raised the issue in parliament. Minister of State for Finance Pankaj Chaudhary responded in writing. He stated that Bihar does not meet the criteria for special status. Criteria for Special Status Special Category Status was previously given by the National Development Council (NDC). States with hilly terrain, low population density, tribal populations, strategic borders, economic backwardness, and non-viable finances were considered. An Inter-Ministerial Group (IMG) in 2012 found that…

Byju Raveendran Faces Reckoning as Ed-Tech Giant Collapses

Manish Kumar

Byju Raveendran, once a mathematics teacher turned billionaire entrepreneur, now faces his toughest challenge. His ed-tech company, Byju’s, has plummeted from a $22 billion valuation to below $2 billion. Accusations of financial mismanagement and compliance issues have led to insolvency proceedings, casting a shadow over his legacy. Rise to Prominence Raveendran’s journey began humbly in a small village in South India. He started Byju’s in 2011 with physical classes. His knack for teaching and impressive credentials, including acing a premier Indian management exam twice, quickly gained attention. Alongside his wife…

Global Leaders Pay Tribute to Biden’s Legacy as He Exits 2024 Presidential Race

Manish Kumar

On Sunday, President Joe Biden announced he would not seek re-election in 2024, endorsing Vice President Kamala Harris for the Democratic nomination. This announcement prompted reactions from leaders worldwide, who lauded Biden’s long and impactful career. Democratic and Republican Reactions Democrats praised Biden’s dedication and legacy, emphasizing his many years of public service. Republicans, on the other hand, called for his immediate resignation, citing concerns about his age and mental acuity. Biden’s decision came amid increasing pressure for him to step down, reflecting concerns raised throughout his presidency and re-election…

Hinduja Tech to Acquire Germany’s Tecosim Group for €21 Million

Manish Kumar

Hinduja Tech, a subsidiary of Ashok Leyland, is set to acquire Germany-based engineering firm Tecosim Group for €21 million (approximately ₹190 crore). This strategic move is designed to expand Hinduja Tech’s presence in the European market and enhance its global capabilities in mobility engineering services. Background on Hinduja Tech Hinduja Tech, established as a leading provider of engineering, manufacturing, and enterprise solutions, is a key player in the automotive and aerospace sectors. The company has built a reputation for delivering innovative and sustainable engineering solutions that cater to the evolving…