Rakesh Mohan underscores how former prime minister Manmohan Singh promoted young technocrats in policy-making, citing his own early experience. Singh, who served two terms and was the architect of India's economic reforms, was receptive to ideas from young advisers like Montek Singh Ahluwalia, Shankar Acharya, and Arvind Virmani.
Veteran economic technocrat hoi Sang-mok has been made South Korea's second acting president in two weeks. He has served for more than 30 years at the finance ministry. Choi has pledged unlimited liquidity to calm financial markets and has vowed an all-out effort to stabilise state affairs and overcome the current crisis.
Prime Minister Han Duck-soo was impeached, and Finance Minister Choi Sang-mok became acting president. Han served in various leadership positions for over three decades. The impeachment came amid South Korea's political crisis and President Yoon Suk Yeol's suspension. The Constitutional Court will decide on Yoon's removal, and an election may follow if he is ousted.
Budget 2025 expectations: Finance Minister Nirmala Sitharaman is under pressure to reduce income tax rates for individuals earning up to Rs 15 lakh annually. This move aims to boost consumption and revive demand. Reducing tax rates could provide relief to the middle class affected by inflation. The government aims to balance fiscal prudence with economic growth in Budget 2025.
VA Tech WABAG has secured a Euro 78 million order to design, build, and operate two advanced wastewater treatment plants in Zambia, funded by the European Investment Bank and Germany's KfW. The project will utilize green energy sources and contribute to enhancing the country’s water and sanitation infrastructure.
JSW Energy has appointed Feby Koshy as Executive Vice President - Head of Thermal, effective from December 30. With over 32 years of experience in the power sector, Koshy has previously worked with JSW Energy. Additionally, Birendra Pandey, Head of International Business Development, has resigned, effective December 31, due to personal reasons.
8 reasons to choose whole fruits instead of juices
The US car industry has a 'big case of anxiety' about President-elect Donald Trump's proposed 25 percent tariff on Mexico and Canada imports. The automotive sector could get hit by Donald Trump's proposed tariffs on Mexico and Canada. Trump's tariff proposal could add about $3,000 to the average cost of every car sold in the US.
Reliance Jio introduces the Rs 601 True 5G gift voucher for its subscribers, offering unlimited 5G data and enhanced 4G data benefits. Eligible customers on specific Jio recharge plans can use 12 upgrade vouchers throughout the year. Each voucher increases daily 4G data to 3GB and unlocks unlimited 5G, valid for up to 30 days per voucher.
Neilsoft, a technology-driven ER&D company, filed its DRHP for an IPO to raise funds through fresh shares and offer-for-sale. It provides engineering services for digital transformation, with strong revenue growth and market potential.
The IPO, with a face value of Rs 10, includes a fresh issue of up to 36 lakh equity shares and an offer for sale of up to 42 lakh equity shares by promoter shareholders. Dr. Kaviraj Singh is selling up to 27.30 lakh shares, while Ashok Kumar Gautam is offering up to 14.70 lakh shares.
Virat Kohli faced boos and jeers from fans at the MCG after being dismissed on Friday. He briefly confronted the crowd while heading back to the dressing room. Kohli's recent conduct, including an incident with debutant Sam Konstas, has been widely discussed. His dismissal came after a mix-up with Yashasvi Jaiswal that led to Jaiswal's run out.
Cochin Shipyard share price: Adani Ports has awarded a Rs 450 crore order to Udupi Cochin Shipyard, a subsidiary of Cochin Shipyard, for the construction of eight advanced harbor tugs. Deliveries will begin in December 2026 and continue until May 2028, enhancing efficiency and safety at Indian ports. This follows previous successful contracts for ASD tugs, expanding the fleet for reliable port services.
The Reserve Bank of India has permitted the use of UPI for prepaid payment instruments via third-party applications. This move allows full-KYC PPI holders to make or receive UPI payments through the mobile app of third-party UPI providers. PPI transactions will be authenticated using existing credentials and pre-approved before entering the UPI system.
In 2024, 300 passive funds were considered, including debt and equity, with top 10 funds showcasing outstanding performance.
Bajaj Finserv Mutual Fund has announced the launch of Bajaj Finserv Gilt Fund, an open ended debt scheme investing in government securities across maturity with relatively high interest rate risk and relatively low credit risk.
NASA's JWST discovers "Red Monster" galaxies, 12.8 billion light-years away, challenging galaxy formation theories which will help forming stars rapidly, defying current models. This breakthrough, part of the FRESCO survey, reshapes our understanding of early universe evolution.
Mamata Machinery IPO saw strong demand, driven by the company’s global presence, including a US manufacturing unit, and consistent growth in revenue and profit. Analysts recommend accumulating on dips post-listing amid potential profit booking.
The Union Cabinet, led by Prime Minister Narendra Modi, passed a Condolence Resolution and declared a seven-day state mourning for former Prime Minister Dr. Manmohan Singh, who passed away at 92. A State Funeral with full honours will be held on Saturday, with the National Flag flown at half-mast nationwide and in Indian Missions abroad.
The debut of China’s new stealth fighter jet, the J-36, has raised alarms globally, particularly in the Indo-Pacific region. With its advanced tailless design and superior stealth features, the J-36 could challenge U.S. and allied forces. India, which currently lacks a stealth fighter, may also face increased aerial threats. The J-36’s capabilities signal a major shift in military power, with far-reaching implications for global security and the balance of aerial dominance.
The chip fabrication unit, being set up at Dholera in Gujarat, is a joint venture project of India’s Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Corporation. The unit will have a capacity of manufacturing 50,000 wafer starts per month.
Here are some healthy carb foods for people with diabetes.
Former Prime Minister Manmohan Singh, who led India's economic liberalisation, has died at 92. Industry bodies praised his contributions, highlighting his role in initiating reforms that spurred economic growth, development, and global engagement. Singh was remembered as a brilliant economist and statesman who transformed India's economic landscape, enhancing the purchasing power of the common man.
Odisha Police Constable Answer Key: SSB Odisha has published the answer key for the Odisha Police Sepoy Constable 2024 recruitment exam on their official site. Candidates may download the answer key using their roll number and date of birth. Objections can be submitted until December 30 with proper documents and a fee. The exam aimed to fill 2,030 vacancies.
