India Inc's CEOs, guided by online thesauruses, laud the budget as bold and transformative, emphasizing growth and inclusion. Following the scripted public sound bites, praise continues even if taxes on oxygen are levied. The schmoozefest persists despite the fiscal deficit, with a contrarian channeling Rahul Bajaj. Fiscal wizardry is deemed a necessary measure.
Joe Biden exited the 2024 race, endorsing Kamala Harris, with support from Bill and Hillary Clinton and silence from Obama. Influenced by donors, Harris, 59, despite her 2020 primary performance, challenges Trump, 78, leveraging Biden administration’s achievements like post-pandemic recovery, healthcare, industrial renewal, the Inflation Reduction Act, and CHIPS Act. Harris's running mate choice aids Democrats.
The Karnataka Cabinet, led by CM Siddaramaiah, approved resolutions against NEET, 'One Nation, One Election,' and delimitation. Deputy CM Shivakumar urged NEET’s scrapping. A committee chaired by President Kovind reported on simultaneous elections. Amit Shah announced post-2024 census, delimitation. B S Patil’s committee proposed Greater Bengaluru Governance Bill with planning, financial powers, multiple corporations, and 400 wards, likely tabled Tuesday.
The Economic Survey projects a GDP growth slowdown, leading to discussions on monetary and fiscal policies. RBI debates real repo rates while prioritizing inflation. The Union budget balances fiscal consolidation with boosting domestic consumption. India advised to focus on exports for future growth amidst global trade changes.
Kamala Harris, the Democratic frontrunner for the presidency, has transformed the race into a 106-day sprint, more resembling European snap elections than American contests. As the first woman, Black woman, and person of South Asian descent to serve as president, Harris holds both promise and peril.
In 2021, Julia Lemigova and Martina Navratilova made history by being the first same-sex couple on Real Housewives. Despite early difficulties, such as a cancer diagnosis, they remained optimistic about their future after being married in 2014.
Piramal plans to use proceeds from a new bond issue to fuel its rapidly growing retail business, which has seen a 50% annual expansion in the past two years. While primarily relying on domestic borrowing, Piramal is strategically adding foreign debt to diversify its funding mix, currently composed of NCDs, bonds, loans, and pass-through certificates.
Joe Biden, aged 81, endorsed Kamala Harris, transferring his $95 million campaign funds (FEC, June) to her. Facing Donald Trump’s $128 million, she seeks the Democratic nomination amid legal debates. Contributions are limited. Lawyer Saurav Ghosh sees slim odds for challenges. Charlie Spies expects GOP disputes. Democratic Party aid may incur higher costs, with uncoordinated spending.
According to the 12th Amendment, if Kamala Harris were the presidential candidate and Gavin Newsom were the vice presidential running mate, the electors couldn’t vote for both of them. They have to choose one of them. What will happen at the DNC and the US Presidential Election?
Niklaus-Samuel Gugger, a Swiss politician and member of the National Council of Switzerland, has praised the recently signed European Free Trade Agreement (EFTA) between Switzerland and India. The agreement, which was signed 16 years ago, aims to increase foreign direct investments in India by $100 billion over the next 15 years and create 1 million direct jobs.
Mumbai Rains: Gate of India flood video resurfaces amid Mumbai’s heavy rainfall (121 mm in 12 hours). IMD predicts thunderstorms in Seemapuri, Delhi, Gulaoti, and Vidarbha. NDRF on alert in landslide-prone, low-lying areas. Memories of the 2005 deluge resurface. Police issue coastal advisory, Kurla concerns. Flights diverted, Mithi river rises.
India advocates for a local lens on climate change, opposing one-size-fits-all methods. Finance Minister Nirmala Sitharaman highlights a $1.4 trillion need for the 2070 net-zero goal. The Economic Survey supports Mission LiFE, the Green Credit Programme, low meat consumption, societal norms, and lifestyle choices, and criticizes historical polluters and overconsumption-driven fossil fuel technologies, noting India's low per capita carbon emission.
India's growth remains resilient despite global uncertainties. Economic Survey 2024 highlights key areas for focus such as private capital, green growth, MSME support, agriculture potential, education focus, and state machinery revitalization.
Economist Abhirup Sarkar's economic survey shows India's impressive growth above 8%, with stable inflation. Concerns linger over high food prices and slow FDI inflows. The impact of AI on jobs and the need for skill development are highlighted. Credit rating firm CareEdge Ratings projects moderate GDP growth and stresses investment in social programs and agriculture.
The huge amount of inward remittances to India every year and the freelancers and software service companies in India catering to global companies make cross-border payments a big opportunity for India. The Economic Survey for 2023-24 sees remittances growing 4% to $129 billion by 2025.
President Biden's unexpected withdrawal from the reelection campaign surprised many as he made the historic decision after facing relentless pressure from Democrats and donors. Keeping the news tightly controlled, Biden announced his exit last minute, leaving his allies and staff to grapple with the sudden turn of events.
The United States have always been the dominant name in basketball for decades and ahead of the Paris Olympics 2024, the team will be looking at beating Germany by a huge margin at the USA Basketball Showcase match to boost their confidence.
The UPI payments space has seen an influx of new players in recent times. The entrants are challenging the dominance of PhonePe and Google Pay, which control more than 80% share of the market.
The bill, prepared by the Labour department at the instance of the Electronics & IT/BT department to amend the Shops & Establishments Act, 1961, to increase the daily working hours from 9 hours to 12 hours, and up to 14 hours in exceptions circumstances with a government notification in each such instance, has kicked up a storm in the tech sector employee circles.
Kerala and Tamil Nadu utilize more MGNREGS funds despite having fewer poor, unlike Bihar and UP. No link with unemployment rates. Institutional capacity, fund leakages, ad-hoc wages, and misappropriations affect MGNREGS. Issues include unemployment allowance, demand registration discrepancies. Central government funds wages. Social Accountability Forum raises transparency and accountability concerns.
US President Joe Biden made headlines after announcing that he would not bid for another term at White House, instead endorsed Kamala Harris as Democratic party nominee against Donald Trump.
As of their second wedding anniversary, Ben Affleck and Jennifer Lopez are apparently not getting back together. Lopez has made an attempt to keep them apart, but their discrepancies in behavior and public remarks have fueled speculations that they are no longer together.
Joe Biden who has quit the presidential race has endorsed Kamala Harris. There is opposition to her nomination and there could be other candidates who could challenge her.
House of the Dragon continues to captivate its audience, delivering a blend of strategic warfare, personal vendettas, and mythical lore. The anticipation for the final episodes is palpable.
