BSNL Launches World’s Cheapest 5G Phone

BSNL has launched an ultra-affordable 5G smartphone aimed at making advanced digital connectivity accessible across India. This initiative aligns with India’s digital transformation goals by providing budget-friendly options to bridge connectivity gaps and bring 5G technology to a wider audience.   The budget-friendly smartphone equipped with high-end features like a 200MP camera and a 6000mAh battery. Set to roll out its 5G services by 2025, BSNL aims to make advanced connectivity accessible, particularly in rural and underserved areas.   This move underlines BSNL’s commitment to closing the digital divide and…

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

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…

Renowned Economist Bibek Debroy Passes Away

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…

US Sanctions Indian Firms for Supporting Russia

The U.S. recently sanctioned 398 companies, including some in India, for allegedly aiding Russia’s war effort against Ukraine. This move signals a warning to businesses globally, emphasizing that even indirect support for Russia’s military activities will face severe penalties. The sanctions restrict these companies’ access to U.S. financial systems, posing economic challenges and increasing diplomatic tension for countries attempting to balance ties with both the U.S. and Russia.   The U.S. has expanded sanctions beyond Russia, targeting Chinese and Belarusian entities and individuals for allegedly supporting Russia’s military or helping…

“Diwali 2024: PM Modi Sends Greetings to President Droupadi Murmu and VP Jagdeep Dhankhar”

Diwali 2024: Prime Minister Narendra Modi today called on President Droupadi Murmu and extended her Diwali greetings.PM Modi met President Murmu at Rashtrapati Bhavan on the occasion of Diwali. The Prime Minister also met Vice President Jagdeep Dhankhar and extended blessings on Diwali.Meanwhile, Prime Minister Modi celebrated Diwali with the brave personnel from the BSF, Army, Navy, and Air Force at Lakki Nala in the Creek Area of Kutch, Gujarat. The Prime Minister said that we are very proud of our security personnel who stand firm in the inhospitable of…

RBI Transfers 102 Tonnes of Gold from UK to India Amid Global Unrest

On the auspicious occasion of Dhanteras, the Reserve Bank of India (RBI) announced a significant transfer of 102 tonnes of gold from the Bank of England’s vaults in London to secure locations within India. This strategic move is part of a broader effort by the RBI to strengthen domestic holdings amidst rising global geopolitical tensions. Strengthening Domestic Gold Holdings This recent transfer marks the second substantial gold shipment by the RBI from the UK to India within the year. The first transfer, which took place on May 31, involved over…

Senators Push Biden to Revise UN Cybercrime Treaty

Six Democratic senators have urged the Biden administration to address human rights and cybersecurity concerns in the proposed United Nations cybercrime treaty, which is set for a vote in the General Assembly by December. In a letter sent to senior officials, including Secretary of State Antony Blinken and national security adviser Jake Sullivan, the senators—Tim Kaine, Jeff Merkley, Ed Markey, Chris Van Hollen, Ron Wyden, and Cory Booker—expressed alarm over provisions they believe could compromise privacy, freedom of expression, and cybersecurity. The senators argue that the treaty, formally named the…

Digital Arrest Scams Surge in 2024, Costing Indians Rs 120 Crore: Govt Data

As digital frauds continue to rise, the Ministry of Home Affairs and I4C are closely monitoring these scams, calling for increased public awareness and enhanced cybersecurity measures to protect citizens. In a shocking revelation, it was stated that India lost almost Rs 120.3 crore in a ‘digital arrest’ scam between January to April 2024. The news surfaced from the government data where it was stated that the rising threat of cybercrime was highlighted by Prime Minister Narendra Modi during the 115th episode of Mann Ki Baat on October 27.  …

PM Modi and Spanish Counterpart Lead Roadshow in Vadodara Before Tata-Airbus Plant Inauguration

A total of 56 aircraft are there under the C-295 programme, of which 16 are being delivered directly by Airbus from Spain and the remaining 40 are to be made in India. Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez reached Vadodara, Gujarat to inaugurate the Tata-Airbus aircraft plant on Monday. Ahead of the inauguration, PM Modi and Sanchez held a mega road show in Vadodara.   PM Modi, along with the Spanish Prime Minister, will jointly inaugurate the TATA Aircraft Complex for manufacturing C-295 aircraft at TATA…

Mubadala-Backed Investcorp Cancels Major India Deal

Mubadala-backed Investcorp is an alternative investment management company that specializes in private equity, real estate, credit, and infrastructure investments across various sectors globally.   Founded in Bahrain and headquartered in New York, Investcorp has grown with significant backing from Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund.   This partnership has enabled Investcorp to expand its portfolio, focusing on sectors like technology, healthcare, consumer goods, and industrials, and to operate in key markets including North America, Europe, Asia, and the Middle East.   The firm is known for its emphasis…