The Reserve Bank of India (RBI) keeps the repo rate unchanged at 4% for the third time in a row. This was an expected move, and all six members on the committee unanimously voted to keep the rate the same.
When we are short of money, we typically reach out to banks for loans to solve our cash crunch problem. What happens when commercial banks are short of money? They reach out to the central bank (RBI) for funds. Repo rate refers to the interest rate at which the RBI lends money to any commercial bank.
It is the most…
PM Modi said that the vaccination drive would begin as soon as he gets a go-ahead from scientists, which could be within the next few weeks.
As per a recent global vaccination procurement analysis by Duke University, India led globally in the number of confirmed purchases of Covid-19 vaccines with 1.6 billion doses.
Number of doses: 500 million
Current status: The vaccine is undergoing a new global trial after experts raised concerns over the first one. There was a case of alleged serious side effects in India when a participant developed a neurological condition. …
A new proposal in the works would allow non-resident Indians (NRI) to cast votes through postal ballots.
Rough estimates suggest that 10 million Indians live outside India, and 60% could be eligible for voting. Currently, NRIs must travel to India to vote during elections, which is very inconvenient.
To help NRIs cast their ballots, the Election Commission has proposed an electronically-transmitted postal ballot system (ETPBS) to allow them to vote remotely.
This facility is currently available to only service workers (think: embassy employees, army). Under this, postal ballots are sent electronically to the service voter. …
In a recent multi-country conference, India reiterated its stance not to join the mega-connectivity project — ‘One Belt One Road’ (OBOR).
Today, we’ll look at OBOR and why India refuses to be part of this mega project.
Conceptualized by the Chinese President Xi Ping, OBOR is an ambitious development and commercial project to improve connectivity among various countries.
It is about building massive infrastructure, mostly around transport and energy — roads, bridges, gas pipelines, railways, and ports. Few fast facts:
Serum Institute of India (SII) wants to sue a Covid-19 vaccine participant for INR 100 crores. The defamation lawsuit came after the participant claimed INR 5 crores in damages for the vaccine’s alleged side effects.
SII is the world’s largest manufacturer of vaccines by volume. They are currently conducting trials for the AstraZeneca-Oxford vaccine in India, locally known as Covshield. It is the country’s best bet for a vaccine for a couple of reasons:
The first cricket match between Australia and India suffered a brief disruption when two protesters barged into the Sydney Cricket Ground. They were holding placards that read “SBI — NO $1BN ADANI LOAN”.
Today, we’ll be talking about the controversial mining project in Australia and its connection with the State Bank of India (SBI).
Adani Group is an Indian-based multinational conglomerate based out of Ahmedabad. It has diverse businesses ranging from real estate to energy and has a presence in over 50 countries.
One of their key projects that receive a lot of attention (not for the right reasons) is…
Yesterday, PM Modi pitched for ‘One Nation, One Election’ on the occasion of Constitution Day.
Simply put, ‘One Nation, One Election’ means that a citizen would vote for all tiers of the government — Lok sabha (central government), state, and municipal bodies — on the same day. You can also call it ‘Simultaneous Elections.’
Presently, the elections for the state government and the central government are held at different times. On average, India witnesses about 5–7 state elections per year. Very few state elections take place in tandem with the Lok Sabha elections, which happen every 5 years.
There are so many instances where college drop outs have been more successful than the students who graduate out of college. The list includes billionaires like Bill Gates (founder of Microsoft), Paul Allen (co-founder of Microsoft) and several others including Steve Jobs (founder of Apple). If you think you have what it takes to accomplish what most graduates only dream of achieving, then it is very essential for you to drop out of college.
Treat this article as your “Bible” and follow it regularly and do not stop until you have finally managed to drop out of college.
Punjab farmers march to Delhi to protest “anti-farm” laws.
Around 200,000 farmers from Punjab left for Delhi as part of their ‘Delhi (Dilli) Chalo’ march. They are protesting the three farm laws that were passed by the central government couple of months back.
Various farm organizations had requested permission to protest in the capital. However, the Delhi police had turned down all requests due to the on-going pandemic.
The Uttar Pradesh (UP) government passed an executive order against forced religious conversions.
The state government cabinet approved a decree (which will become a law after the state governor’s approval) to check ‘unlawful’ religious conversions and interfaith marriages with the sole intention of changing the other person’s religion. Here are the key highlights:
Politics and finance enthusiast.