Category: Business & Economics

Security Alert: Rapido Fixes That Compromised User and Driver Data

Manish Kumar

Rapido has announced that it has resolved a bug in its feedback form that had exposed sensitive data, including the names and phone numbers of thousands of users and drivers who were registered on the platform. A significant bug in Rapido, an Indian bike-taxi aggregator app has exposed sensitive personal data of thousands of users and drivers across the country. The leaked information included full names, phone numbers, and email addresses, which has raised serious privacy and security concerns. The Rapido data breach highlights the critical importance of robust data…

Provident Fund Claims Made Easy: EPFO Enables ATM Withdrawals Through E-Wallets

Manish Kumar

EPFO is set to revolutionise the PF withdrawal process with e-wallet access and ATM withdrawals. Know about this employee-friendly initiative’s latest updates, benefits, and expected rollout. Employees in India may soon be able to access their provident fund (PF) claim amounts directly through e-wallets. The Employees’ Provident Fund Organization (EPFO) is planning to introduce this facility, along with the option to withdraw PF claims using ATMs. Currently, employees have to rely on the EPFO ​​portal to receive their PF funds online. The settled funds are transferred to the linked bank…

Sitharaman’s Jaisalmer Pre-Budget Consultation Highlights States’ Demand for 50-Year Interest-Free Loans

Manish Kumar

Ahead of the Union Budget 2025, the Union Finance Minister Nirmala held a pre-consultation meeting with the finance ministers of the states and UTs. During the meeting, the states raised key demands from the Centre. In a pre-budget meeting with Union Finance Minister Nirmala Sitharaman on Friday, state finance ministers demanded more funds under the 50-year interest-free loan scheme. Sitharaman said in her statement that due to a healthy macroeconomic environment, faster tax collection and efficiency, the amount transferred to the states in the last 45 months under the 15th…

Maggi Fans Take Note: Potential Price Increase from January 1 Explained

Manish Kumar

Maggi prices likely to rise: Maggi, the beloved two-minute noodles cherished by millions in India, may soon become more expensive. This price change is likely to take effect from January 1, 2025. Whether it’s late-night cravings, not feeling like cooking, being tired from a working day, wanting something hot in the cold, satisfying hunger in the mountains, or needing a quick meal, Gen-Z and Millennials think of Maggi first. However, now Maggi might become more expensive due to Switzerland’s decision to remove India’s Most Favored Nation (MFN) status. Let’s explore…

10th World Ayurveda Congress and Arogya Expo inaugurated today in Dehradun

Manish Kumar

The 10th World Ayurveda Congress (WAC 2024) and Arogya Expo were inaugurated today in Dehradun, in the august presence of the Union Minister of State (Independent Charge), Ministry of Ayush Shri Prataprao Jadhav, Chief Minister, Uttarakhand, Shri Pushkar Singh Dhami; Secretary, Ministry of Ayush, Vaidya Rajesh Kotecha and Dr Shekhar Mande, President,Vijnana Bharati. Shri Prataprao Jadhav, Union Minister of State, Independent Charge, Ministry of Ayush, in his address said that thousands of minds are gathered here to discuss digital health. This marks 10th World Ayurveda Congress (WAC) a pivotal juncture…

Shaktikanta Das’s 6-Year RBI Journey: Balancing Growth, Inflation, and Innovation

Manish Kumar

Shaktikanta Das, the outgoing Governor of the Reserve Bank of India (RBI), leaves behind a legacy that has earned him global recognition. Twice named the world’s best central banker by Global Finance magazine, Das transformed the RBI’s role during his six-year tenure, navigating the institution through periods of financial volatility, a global pandemic, and evolving technological landscapes. On December 10, 2024, Das concluded his term, marking the end of a chapter characterized by decisive actions, innovative policies, and unwavering commitment to balancing growth and inflation. As his successor, Sanjay Malhotra,…

Hyundai India to Strengthen EV Infrastructure with 600 Fast Chargers by 2031

Manish Kumar

The new Hyundai EV charging station will assist EV buyers who are hesitant to take long trips on highways. The company plans to set up 50 of these new charging stations in 2024. Hyundai Motor India plans to install around 600 electric vehicle (EV) fast charging stations across the country over the next seven years. By the end of December 2024, they aim to have about 50 of these charging stations up and running. Jae Wan Ryu, a senior official at Hyundai, noted that the EV market is expected to…

India’s Steel Imports from China Hit Record High

Manish Kumar

A Complex Indo-China Economic Relationship The Indo-China relationship is a multifaceted blend of collaboration and contention. As two of the world’s largest economies and Asian powerhouses, their economic ties are integral to global trade dynamics. However, geopolitical tensions often overshadow economic interdependence, especially in critical sectors like steel, where trade imbalances can strain domestic industries. Recent data revealing record-high steel imports from China to India exemplifies this dynamic, highlighting challenges for India’s steel sector amid surging imports and falling domestic prices. Record Imports from China: A Worrying Trend India imported…

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.  …

IndiGo Ranked Among Worst Airlines Globally: Analyzing the Controversy

Manish Kumar

IndiGo and Its Market Dominance IndiGo, India’s largest airline, is a giant in the aviation industry, commanding over 60% of the domestic market share and flying over 100 million passengers annually across domestic and international networks. Known for its punctuality, affordability, and operational efficiency, IndiGo has positioned itself as the most preferred airline in India. However, its recent ranking in the AirHelp 2024 survey, which placed it 103rd out of 109 global airlines, has sparked controversy. While AirHelp’s rankings question IndiGo’s performance, the airline has strongly refuted the claims, calling…