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INDIAN BANKS EARN RECORD PROFIT, CUT NPA RATIO TO A DECADAL LOW, IMPROVE ASSET QUALITY AMIDST GLOBAL FINANCIAL TURMOIL
Amidst global uncertainties and a faltering global economic growth prospect, the Indian economy continues to display robust growth momentum, supported by strong macroeconomic fundamentals. The Reserve Bank of India has projected the real GDP growth at 6.5% for 2023-24 over and above the 7.2% growth it achieved last year. The International Monetary Fund has projected India’s GDP growth at 5.9% for 2023-24 while the World Bank has projected it at 6.3%.
Amarnath Yatra: A Festival In Kashmir
The annual Amarnath Yatra, spanning 62 days, began in the picturesque Kashmir Valley on July 1 and will conclude on August 31. The pilgrimage will take place on two routes: Pahalgam in Anantnag and Baltal in Ganderbal district.
From the seas to the stars: a new US-India relationship
The joint statement issued from the White House, which spans across oceans and reaches the realm of the stars, has come as a global surprise. Prime Minister Narendra Modi's exceptional performance at the joint session of the US Congress, along with the transformation of the relationship from an openly abusive one in the 1970s to today's effusive praise, leaves the world wondering.
The Ignorance Unlimited
A.P.J. Abdul Kalam, the esteemed former President of India, renowned as the Missile Man and deeply spiritual, found himself surrounded by a group of school children. With a desire to convey the importance of a new world order, he shared a strategy for creating a better world by transforming ritualistic practices into spiritual ones. Engrossed in his every word, the children listened attentively as he began to tell them a story:
Blue economy for peace and development on earth in the third millennium
The world is currently facing a challenging time with the multiple impacts of Climate Change, COVID-19, and conflicts such as the Ukraine-Russia war. We are struggling to accelerate progress towards the Sustainable Development Goals (SDGs) and the slogan of \"Leave No One Behind (LNOB)\" outlined in the 2030 Agenda for Sustainable Development.
Sardar Patel's Vision of Swarajya
The Sardar considered self-reliance, social equality, and prosperity as the benchmarks of Swarajya. These principles are not only relevant today but also serve as the litmus test for the achievements of free India or Swarajya.
Meditation Enhanced by Reiki: A Simpler Practice
In today's fast-paced and stressful life, many of us find ourselves on a difficult and exhausting journey. We constantly rush through our daily routines, only to realize at the end of the day that we haven't had a genuine moment of heartfelt laughter. Time is precious, and the accumulation of day-to-day stress can drain our energy, leaving us fatigued and susceptible to a myriad of problems. Gradually, this burden takes a toll on our clarity of thought, effective communication, and overall sense of joy. The mind becomes overwhelmed by negativity, paving the way for diseases and depression. Negativity impairs our ability to concentrate, erodes our self-confidence, and drains our enthusiasm for life. As a result, happiness becomes elusive.
We need to evaluate for course corrections in PLI scheme - Secretary, DPIIT
The Government of India is set to evaluate the reasons behind the slow disbursement of funds for different sectors under the Production Linked Investment (PLI) scheme. Rajesh Kumar Singh, Secretary in the Department of Promotion of Industry and Internal Trade (DPIIT), highlighted this issue during a discussion in New Delhi, as reported by the Economic Times on June 14. Singh acknowledged that while they are hopeful of utilizing ₹1.97 lakh crore for the scheme, some course correction may be necessary at the individual scheme level.
The Post-Covid Healthcare Sector in India
The Covid-19 pandemic has significantly impacted the healthcare sector worldwide, and India is no exception. The crisis has not only revealed the vulnerabilities and gaps in India's healthcare system but also presented new challenges and opportunities for the sector.
Rising Russian oil import by India saved Europe from disruption in oil supply chain
India has become Europe's biggest supplier of refined fuel last May surpassing Saudi Arabia, according to analytics firm Kpler. This was due to Western sanctions that have cut off direct oil flows from Russia, the main source of oil for Europe.
Is the phase of coordinated central bank action against world inflation to end?
Federal Reserve Governor Jerome Powell testified at a Senate Banking Committee hearing on Capitol Hill in June.
Climate Change: A Risk To Indian Agriculture
One of the most pressing global issues today is climate change, which has far-reaching implications for various industries, including agriculture
Tiger Tourism
Wildlife tourism provides a profound opportunity to connect with nature and gain a deeper understanding of our beautiful planet
Sustainable steel for sustainable world
More than a century ago, in 1907, the first iron and steel plant, Tata Iron and Steel Company was set up at Jamshedpur in Jharkhand (then Bihar) with a production capacity of one lakh tonnes
Promoting sustainable business practices in India
India's rapid economic growth has brought forth a range of environmental and social challenges that necessitate a re-evaluation of business practices
Demonetization Drive 2.0: All you need to know
After the bold move of demonetization in 2016, the Reserve Bank of India currency notes from circulation on May 19, 2023
India needs to diversify into high-demand export products
On May 15th, Santosh Kumar Sarangi, the Director General of Foreign Trade (DGFT) of India, suggested that Indian exporters diversify into products with higher export demand
Who is challenging dominance of the us dollar? the
On April 2023, Sergio Massa, Argentina's Economy Minister made an announcement stating that his country would now pay for imported goods from China in Chinese Yuan instead of US dollars
Is the Rupee-Rouble Trade Arrangement in Trouble?
Without involving the US dollar, ten months ago, it seemed straightforward price
Agriculture in Nagaland embarks on a path of farmer development
It is worth mentioning that agriculture in Nagaland appears to be moving in the right direction, as indicated by a working paper on Indian Agriculture published by NITI Aayog in 2022
G20 Summit concluded peacefully in Kashmir
The Third Tourism Working Group (TWG) meeting of the G20 grouping of the world's largest economies recently concluded in Srinagar
UN Warns Of Increase In Global Warming By 2030
The UN's Intergovernmental Panel on Climate Change (IPCC) has recently issued its synthesis report on six post2015 findings, warning that the speed and scope of what has been done so far and the current plans are insufficient to combat climate change and that the world will cross the dangerous threshold of 1.5-degree Celsius temperature rise (from the level of 1850-1900 level) by 2030
Heat Waves Cause Economic Slowdown
Carbon dioxide (CO2) is the biggest contributor to global warming; its concentration in the atmosphere has soared by 48% between 1750 to 2020
The Art Of Manifestation: Finding Your Own Genie
Manifestation is a process that has been studied and practiced for centuries
A relook at India - China relationship
If the 20th century was dominated by the west, global Lobservers say the 21st century will be ruled by the east more specifically, by China & India
Ahimsa in the Sanatana Dharma
There is no alternative to non-violence. For Dharma-Raksha -the protection of humanity, the path of non violence should not be abandoned till the end
Social Justice in International Perspective: An Overview
The idea of social justice is, directly and indirectly, associated with human equality
India's vehicle market shows slow paced recovery
According to S&P Global Mobility, India's sale of light automobiles fell to fourth place internationally in the first quarter of the current calendar year
Electric three-wheeler market to grow in India
Saera Electric Auto Pvt. Ltd. (SEAPL) is one of the leading companies in the electric vehicle sector. SEAPL was the first company to introduce the e-rickshaw in India and the first to receive ICAT (Vehicle Approval Certificate). BE's Saptarshi Deb spoke to Nitin Kapoor, Managing Director of Saera Electric Auto Private Limited
India's overall exports in FY 23 praiseworthy but merchandise exports a concern
India's export sector has achieved the highest level in its history by earning $770.18 billion in the last fiscal