CATEGORIES

Government renews focus on multipronged to curb online financial frauds coordination

With 70 lakh mobile connections involved in cybercrime/financial frauds reported through digital intelligence platforms disconnected so far and Rs 900 crore defrauded money saved, benefitting 3.5 lakh victims, the Government has initiated vigorous measures to safeguard citizens from financial frauds and address issues related to cyber security in the financial services sector and increasing incidents of recent online financial frauds.

India faces Rs 50,000-crore subvention overshoot

India’s subsidy bill for the current fiscal year is anticipated to surge by approximately Rs 50,000 crore, primarily attributed to increased spending on essential sectors such as fertilizers, cooking gas, and food security.

India's engineering exports to China decline in Oct

India’s export of engineering goods to China declined in October 2023, even as the shipments surged to as many as 18 countries, including the US, UK, and Germany, out of the 25 top destinations that globally recorded positive growth last month.

Adani group stocks soar, market value surges $15 billion

Shares of Adani Group companies saw a sharp surge, particularly Adani Enterprises Ltd., rising by 13% following the conclusion of India’s Supreme Court hearings related to a probe into the conglomerate’s previous stock drop.

VEHICLE RETAIL SALES IN FESTIVE PERIOD JUMP 19% YOY TO 37.93 LAKH

Record-breaking sales were reported in several categories, notes FADA President, Manish Raj Singhania, with rural areas particularly contributing to the surge in twowheeler purchases

Aaditya Thackeray raises concerns over unfilled civic ward positions

Shiv Sena (UBT) leader and Worli MLA Aaditya Thackeray criticized the state government, asserting that 11 out of Mumbai’s 24 civic wards lack full-time assistant commissioners. Accusing the government of being anti-Mumbai, Thackeray questioned the delays in the appointments, emphasizing the impact on the city’s administration.

SEAT-SHARING FORMULA FOR LS POLLS AFTER MAHARASHTRA ALLIES HOLD TALKS: FADNAVIS

Maharashtra Deputy Chief Minister Devendra Fadnavis on Monday said a seat-sharing formula for the 2024 Lok Sabha elections would be decided after holding discussions with allies, days after he asserted that the BJP would contest 26 out of 48 seats in the state.

PUNJAB AND HARYANA HIGH COURT SEEKING RESPONSE FROM CHANDIGARH MUNICIPAL CORPORATION IN PIL FOR EFFECTIVE IMPLEMENTATION OF ANIMAL BIRTH CONTROL RULES

The Punjab and Haryana High Court in the case Arushi Lamba v. Municipal Corporation, Chandigarh and Anr. and has issued the notice on the Public Interest Litigation, PIL moved wherein seeking the directions to Chandigarh Municipal Corporation to take adequate and appropriate steps with regards to the effective and expeditious implementation of the Animal Birth Control Rules, 2023, the ABC Rules in Chandigarh.

KERALA HIGH COURT: ALL TOURIST BUSES CANNOT BE OPERATE AS STAGE CARRIAGES

The Kerala High Court in the case Abdulla. H. Naushad V the State of Kerala Transport Department observed and has passed an interim order wherein the court directed that all the India tourist vehicles cannot be permitted to operate as stage carriers.

PAPER APOLOGY CANNOT BE ACCEPTED IN CONTEMPT CASES: ANDHRA PRADESH HC

In a very significant judgment with far reaching consequences which no one can ever afford to just gloss over, the Andhra Pradesh High Court in a most learned, laudable, landmark and latest judgment titled P Satyanarayan Reddy vs M Saraswathi, Deputy Director, Tribal Welfare in Contempt Case No. 1032 of 2019 that was pronounced as recently as on November 7, 2023 minced just no words to say in no uncertain terms that \"paper apology\" cannot be accepted in contempt of court cases. The Court was most forthright in observing that, \"Paper Apology\" is an apology which is hollow; or with no remorse, regret or repentance, or if it is only a device to escape the rigour of the law. It must also be disclosed here that the Court observed so while holding clearly that Mrs M. Saraswathi, the Deputy Director of Tribal Welfare guilty of contempt of court under Section 12 of the Contempt of Court Act, 1971 (CC Act).

India, the new rising sun in the changing global order: The soft power

The world remained under the shadow of unipolar superpower for a period. But that cannot be the case forever, nothing is permanent. Change is the law of the nature.

Malaysia PM announces visa-free entry for travellers from India

Malaysia is set to introduce a 30-day visa free entry for Indian and Chinese citizens starting from December 1, according to an announcement by Prime Minister Anwar Ibrahim. This move aligns Malaysia with recent similar actions taken by Thailand and Sri Lanka to attract foreign tourists.

UK PM SUNAK UNVEILS £29.5B OF INVEST AT HISTORIC GLOBAL INVESTMENT SUMMIT

Thousands of jobs will be created across UK in our most innovative sectors, including tech, life sciences, renewables, housing and infrastructure

Delhi Airport to use AI and cameras-based solutions to improve operations

The Delhi airport is set to leverage predictive analytics powered by artificial intelligence (AI) and camera-based solutions to enhance operational efficiency amid a surge in passenger traffic, according to a top official. The airport, the largest in the country, manages approximately 1,300-1,500 flights daily and anticipates handling over 70 million passengers in the current fiscal year ending March 2024.

Sembcorp to acquire wind assets in China, India for $200M

Singaporean energy company Sembcorp Industries made a significant announcement on Monday, revealing its plans to acquire 428 MW of wind power assets in China and India for a total sum of 200 million Singaporean dollars (approximately Rs 1,247 crore). This strategic move is aligned with Sembcorp’s commitment to expanding its renewable energy portfolio and contributing to the global shift towards sustainable power sources.

AIRBUS BOLSTERS TATA PARTNERSHIP FOR GROWTH OF INDIA'S DEFENCE SUPPLY CHAIN

The objective of the partnership between Airbus SAS and Tata Advanced Systems is to meet the demand for military transport aircraft as India replaces its ageing military transport fleet

Noida's housing market faces major setback

A recent white paper, released by citizens’ platform Noida Dialogue and private body Namo Seva Kendra, revealed alarming statistics about stalled residential projects in Uttar Pradesh’s Noida and Greater Noida areas.

J-K to boost winter power supply

The Jammu and Kashmir administration has greenlit the acquisition of an additional 500 MW of power from the Centre to address winter electricity shortages.

MORTH projected to spend Rs 1.85 lakh crore on road construction

To confront the mounting electricity scarcity anticipated during the winter months, the Jammu and Kashmir administration sanctioned the acquisition of an additional 500 MW of power from the Centre. The move aims to counterbalance the limited hydropower availability in the Union Territory, accentuated by diminishing river water levels.

INDIA'S SOLAR INSTALLATIONS PLUMMET 47% IN FIRST NINE MONTHS

CERC clarifications, issued late in the quarter, aim to resolve uncertainties for project developers regarding long-term access to transmission networks, easing connectivity issues ahead

India maintains fastest growth despite demand challenges

India's economic growth is anticipated to have slowed slightly but maintained resilience in the September quarter, sustained by robust service activity and strong urban demand despite a global downturn affecting export growth. Economists polled by Reuters project a Gross Domestic Product (GDP) expansion of 6.8% in the July-September period, a decline from the previous quarter's 7.8%.

India's food security policies come under global scrutiny

During the World Trade Organization (WTO) Committee on Agriculture (CoA) meeting, India encounters inquiries from various nations concerning the alignment of its recent initiatives with WTO regulations. Of particular interest are queries regarding the WTO-compatibility of the five-year extension of the PM Garib Kalyan Ann Yojna (PMGKAY) free foodgrains scheme and the prohibition on non-basmati rice exports.

E-Buses to capture significant share of new bus sales

In an assessment by the In rating agency ICRA on Monday, electric buses are projected to constitute up to 13 percent of new bus sales by the fiscal year 2025 (FY2025).

Indian drugmakers gain ground as big pharma diversifies

As pharmaceutical companies aim to diversify their reliance on Chinese drug manufacturers used in clinical trials and early-stage drug production, India is emerging as a beneficiary, revealed discussions with industry experts and executives. Over the past two decades, China has been a preferred destination for pharmaceutical research and manufacturing services due to its cost-effectiveness and rapid production capabilities.

S&P ELEVATES INDIA'S FY24 GROWTH FORECAST TO 6.4%

The agency forecasts India’s GDP growth at 6.4% for the current fiscal, slightly above other agencies, while RBI projects 6.5% growth for both this year and the next

Had no intention to hurt Israel: Sanjay Raut on his social media post

Shiv Sena (UBT) MP said a post on his X handle in connection with Israel had a reference to German dictator Adolf Hitler, but he did not intend to hurt the sentiments of people of Israel.

Israeli envoy compares Mumbai Terror attacks to tactics used by Hamas

Describing the 26/11 terror attacks in Mumbai as a \"horrendous\" event that disrupted public life, Israeli Ambassador to India Naor Gilon emphasized the global nature of terrorism and the need for countries to unite in the fight against it

CM SHINDE LEADS PREAMBLE READING CEREMONY AT MANTRALAYA

Maharashtra Chief Minister Eknath.Shinde led the preamble reading ceremony at Mantralaya in Mumbai on the occasion of Constitution Day on Sunday.

DELHI HIGH COURT: EXTENSION OF INTERIM RELIEF AT THE TIME OF REMAND SUBJECT TO PRIMA FACIE FINDING IN PETITIONER'S FAVOURI DEBT RECOVERY

The Delhi High Court in the case Mis Deco Industries India v. JM Financial Assets Reconstruction Company Ltd through its AO Kumar Gaurav and Ors observed and has held that an interim order granted by the Debts Recovery Appellate Tribunal, DRAT during the pendency of appeal was not required to be extended in pursuance of remand, without prima facie finding on the need for such an order.

NEED TO MAKE LAWS SIMPLER, RELATABLE T0 YOUNGER GENERATION: JUSTICE KHANNA

The top court judge Justice Sanjiv Khanna, who is next in-line to become the Chief Justice of India (CJI) after the retirement of incumbent CJI D Y Chandrachud in November next year, on Sunday said that the Indian Constitution was a \"living document\" influencing millions of lives and urged all to \"move forward with determination unity and optimism\"