India has emerged as a saviour for the sagging global steel demand with China’s enormous construction sector still in a funk and the US and Europe probably heading into recessions. India is experiencing a building boom and is on track to surpass China as the world’s most populated nation by […]
Vostro accounts are accounts a bank holds on behalf of another, often foreign bank, and this forms a key part of correspondent banking.’ In July 2022, the Reserve Bank of India introduced a new mechanism for international trade settlements in rupees, aiming to promote exports and facilitate imports. Rupee Vostro Accounts […]
In a meeting with Union Health Minister Mansukh Mandaviya, doctors of the Indian Medical Association (IMA) suggested allowing people to take another booster dose of the COVID-19 vaccine. If approved, this would be the second booster dose, with the first one having been approved in early 2022. The meeting was held virtually between […]
The year 2022 saw several extreme weather events all over the world due to climate emergency. These events are expected to increase if the effects of climate change are not mitigated. Vulnerable countries also geared up this year for a renewed battle over compensation for the growing hazards of global warming from richer countries, also known […]
The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research. The global economy surpassed $100 trillion for the first time in 2022 but will stall in 2023 as policy makers […]
Northern India has emerged as the most favoured spiritual travel destination followed by Southern, Western and Eastern regions in the country, reveals OYO Cultural Travel 2022 Roundup Report by global hospitality chain OYO. Regarded as the spiritual capital of India, Varanasi, which is also one of the oldest cities in the world, […]
According to an online survey done by Taste Atlas, Indian cuisine was termed as the fifth best cuisine in the world. In the global list of best cuisines in the world for the year 2022, Italy was ranked first followed by Greece and Spain on second and third spot respectively. […]
A new search report from US-based vacation rental firm Airbnb reveals that for domestic travellers, Kerala is a more popular beach destination than Goa, apart from the hills of Himachal Pradesh and Uttarakhand, as well as the North-Eastern regions. Under these categories, Airbnb saw over 375 percent increase in searches for Kerala from […]
Food and Consumer Affairs Minister Piyush Goyal on Saturday introduced a host of new initiatives, including a right to repair portal and an NTH mobile app and opened new premises of the National Consumer Helpline centre in the national capital. On the ‘right to repair’ portal, manufacturers will share the […]
On Monday, 19 December, the Centre informed the Lok Sabha that the National Council of Education Research and Training (NCERT) should include Shlokas from Shrimad Bhagavad Gita and knowledge from Vedas in textbooks in Sanskrit from classes 11th to 12th. Besides, references from Bhagavadgita should be incorporated in NCERT textbooks of classes […]
During a virtual meeting with health ministers and senior officials of states in view of the recent surge in coronavirus cases in some parts of the world, he said, “The Centre and states need to work in tandem and in a collaborative spirit as was done during the previous surges […]
India’s steel production has reached a historic level of 120 million tonnes per year making it the world’s second-largest producer of Steel, the government informed the Rajya Sabha. Steel Minister Jyotiraditya Scindia said India intends to double its steel production to 300 million tonnes per annum by 2030. “There has […]
Union Health Minister Mansukh Mandaviya today reviewed the COVID-19 situation in the country in view of a sudden spurt in cases in some parts of the world, and directed officials to be alert and strengthen surveillance. “Use a mask if you are in a crowded space, indoors or outdoors. This is […]
The government raised over Rs4.04 lakh crore through disinvestment and strategic sale of public-sector enterprises (PSEs) since the Modi government came into power in 2014, the Finance Ministry said on 20 decm. Of this, the largest amount totalling over Rs1.07 lakh crore through offer for sale in 59 cases. This […]
Epidemiologists estimate that over the next few days more than 60 per cent of China’s population and 10 per cent of Earth’s population would likely to get infected by Covid-19 and this would be just the ‘start’. Skyrocketing infections, inundated hospitals, overflowing morgues — elation from the lifting of zero Covid […]
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