In what economists termed as a sign of trouble, India’s real GDP growth slumped to a seven-quarter low of 5.4% in the July to September 2024 quarter, much lower than even the most pessimistic independent projections, from a five-quarter nadir of 6.7% in the first quarter (Q1), with Gross Value Added (GVA) growth slowing to…
Mumbai, Dec 4 (PTI) Reserve Bank’s high-level panel on Wednesday started deliberations on the bi-monthly monetary policy amid expectations of status quo on interest rate as the retail inflation is above the upper tolerance level of the central bank. The decision taken at the RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) will…
One Nation One Election India: A Game-Changer or Threat to Federalism? India, the world’s largest democracy, is debating a revolutionary electoral reform: One Nation One Election (ONOE). Prime Minister Narendra Modi’s BJP government introduced a bill to synchronize state and federal elections, reigniting a decades-old debate. Here’s a deep dive into the proposal, its implications, and…
Prime Minister Narendra Modi today convened a high-profile roundtable with top American technology CEOs, focusing on innovation, collaboration, and India’s growing tech space. The meeting, held at the Lotte New York Palace Hotel, was part of PM Modi’s three-day visit to the United States, with its second leg in New York. Hosted by the Massachusetts…
As the CEO of Open AI, a leader in developing artificial intelligence (AI) tools, Sam Altman is no stranger to taking risks. In 2005, he made a career-defining decision by dropping out of Stanford to create Loop, a location-based social networking app. This move ultimately led him to co-found Open AI, the organization behind ChatGPT….
JPMorgan Chase is in talks with Apple about replacing Goldman Sachs as the tech giant’s credit-card partner, a source familiar with the matter said on Tuesday. The discussions started earlier this year and have advanced in recent weeks, but any potential deal could still be months away, said the source, who asked not to be…
The highly anticipated Bajaj Housing Finance IPO has shattered historical records, drawing bids worth over Rs 3.2 lakh crore. The company aimed to raise approximately Rs 6,560 crore through a mix of fresh equity sale and an Offer for Sale (OFS). At the close of the issue, the IPO was subscribed 63.6 times, reflecting robust demand, particularly…
The central government has announced a new pension scheme for government employees called the Unified Pension Scheme (UPS). The UPS will provide an assured pension which will benefit 23 lakh central government employees. The state government has the option to opt for UPS for their employees as well. The government has announced the UPS due to employee backlash regarding lower corpus and lower…
Scientific discovery is one of the most sophisticated human activities. First, scientists must understand the existing knowledge and identify a significant gap. Next, they must formulate a research question and design and conduct an experiment in pursuit of an answer. Then, they must analyse and interpret the results of the experiment, which may raise yet…
Budget Day is an eagerly anticipated event in India, with both businesses and the general public waiting with bated breath to understand the schemes and initiatives that could potentially benefit them. This year, due to the elections, Budget 2024 has been announced later than usual i.e., February 1. The FM announced the Final Budget on 23rd…
