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RBI Brings Back 102 Tonnes of Gold to Bolster India’s Economic Stability

Manish Kumar

The Reserve Bank of India (RBI) recently transported 102 tonnes of gold from the Bank of England vault to India, aiming to reinforce the country’s economic stability. The gold, which is part of the RBI’s reserves, had been pledged in London during the 1990s financial crisis. Why did the RBI decide to bring it back. This strategic move, kept confidential until its completion, was publicly announced on Dhanteras (October 29, 2024). The decision to repatriate gold reserves enhances India’s financial resilience and signals a robust approach to securing economic assets…

India-Canada Relations Sour Further as India Rebuts Allegations Against Home Minister Amit Shah

Manish Kumar

A Strained Bilateral Relationship India-Canada relations have been on rocky terrain recently, marred by rising diplomatic tensions and mutual accusations. Canadian Prime Minister Justin Trudeau’s assertion of potential Indian involvement in the June 2023 killing of Hardeep Singh Nijjar, a known pro-Khalistan figure, sparked a major fallout between the two nations. Following these allegations, both countries expelled diplomats, worsening the strained diplomatic ties. The situation took a new turn as Canada alleged India’s Home Minister Amit Shah was involved in a plot to target Sikh separatists on Canadian soil, further…

India’s Solar Surge: How U.S. Tariffs on China Boosted Indian Solar Exports

Manish Kumar

A New Era of Opportunity for India’s Solar Industry The imposition of U.S. tariffs on solar panels and green technologies from China has opened doors for Indian companies in an unexpected way. The shift, designed to curb Chinese dominance in the renewable energy market and protect U.S. industries, has left a gap in supply chains, which Indian manufacturers are rapidly filling. This development is not only reshaping global trade dynamics but also positioning India as a crucial player in the renewable energy sector. For India’s growing solar industry, the change…

Adani Power Halves Electricity Supply to Bangladesh Over Unpaid Dues

Manish Kumar

Adani’s Recovery Amidst Financial Tensions The Adani Group, one of India’s largest conglomerates, has faced a series of setbacks this year, including allegations of stock manipulation and accounting fraud. Despite these challenges, Adani has been working to restore its financial stability and reputation. However, recent developments in Bangladesh, where Adani Power Jharkhand Limited (APJL) supplies electricity, have complicated this recovery. Citing unpaid dues amounting to $846 million, Adani Power has reduced its electricity supply to Bangladesh, which is currently experiencing an energy shortage. The situation underscores the financial strain both…

Favourable Weather and High Temperatures Helped Delhi Escape Severe Pollution Post-Diwali

Manish Kumar

Delhi’s Pollution Crisis and Political Battle Delhi’s air pollution problem intensifies every winter, reaching hazardous levels during and after Diwali due to a mix of firecracker emissions, stubble burning in neighboring states, and seasonal weather patterns. This year, despite an increase in firecracker use, Delhi’s air quality post-Diwali remained in the “very poor” category rather than reaching “severe.” A mix of above-normal temperatures and strong winds aided pollutant dispersion, allowing residents some relief. Nevertheless, the ongoing political blame game between state and central authorities over enforcement of pollution control measures…

US Election Update: Trump and Harris Rally in Wisconsin Amid High Early Voting and Election Tensions

Manish Kumar

Early Voting Surges as Trump and Harris Campaign Intensify With the 2024 U.S. presidential election only days away, public interest and voter engagement have reached unprecedented levels. Over 70 million Americans have cast their ballots early, according to data from the University of Florida’s Election Lab, indicating a strong commitment from both parties’ supporters. In this critical election, where former President Donald Trump and Vice President Kamala Harris are in a tight race, Wisconsin emerged as a key battleground on Friday, with both candidates rallying in Milwaukee. Polls reflect a…

Google India Announces Rs 1,424 Cr in Profits in FY24

Manish Kumar

In FY24, Google India achieved a 26% revenue growth, surpassing Rs 5,500 crore, while profit after tax rose by 6% to Rs 1,424 crore. Operating revenue increased to Rs 5,518 crore, up from Rs 4,504 crore in FY23, as per its RoC filing.   The company also saw a significant boost in other income, which surged by 106% to Rs 403 crore, elevating its total income to Rs 5,921 crore from Rs 4,700 crore in the previous fiscal year.   At the same time, the FY 2023-24, Google India completed…

Mumbai Police Push for Extradition of Anmol Bishnoi from the US Amid Criminal Investigations

Manish Kumar

Indian Authorities Move to Bring Lawrence Bishnoi’s Brother to Justice In a significant development, the Mumbai Police Crime Branch has officially begun the extradition process for Anmol Bishnoi, brother of infamous gangster Lawrence Bishnoi, who is now believed to be in the United States. This move comes after American authorities informed Indian officials of Anmol’s presence in the country. Known for his alleged role in high-profile criminal activities in India, Anmol is now the focus of a determined effort by Indian law enforcement to bring him back to face justice.…

NSE Expands Digital Reach: New Mobile App and Multilingual Website

Manish Kumar

The National Stock Exchange (NSE) has launched a new mobile app and expanded its website to support multiple languages, aiming to improve investor accessibility and inclusivity across India. The initiative is intended to foster a more inclusive investor ecosystem by making market data, educational resources, and trading tools accessible in regional languages, catering to a diverse user base. The new NSEIndia mobile app, now available on both the Apple App Store and Google Play Store, is designed to provide investors with an intuitive and secure way to track and manage…

Renowned Economist Bibek Debroy Passes Away

Manish Kumar

Bibek Debroy, the economist and Chairman of the Prime Minister’s Economic Advisory Council, has passed away. Known for his significant role in shaping India’s macroeconomic policies, Debroy’s contributions in areas like fiscal policy and public sector management earned him global respect. His scholarly work and guidance have left a lasting impact on India’s economic landscape. Dr. Bibek Debroy, the noted economist and Chairman of the Prime Minister’s Economic Advisory Council, passed away at 69. Known for his deep understanding of economic policy, Debroy played a key role in shaping India’s…