The Indian rupee has been hitting new lows, week after week. From holding on to 74 against the US dollar in January to dropping to 83 last week — a double-digit fall in percentage terms in just 10 months — the rupee’s depreciation has not augured well for the economy. Economists caution that the currency could […]
Urban Indians are most worried about unemployment (39 per cent), financial and political corruption (27 per cent), crime and violence (25 per cent), poverty, social inequality (22 per cent) and climate change (22 per cent) in the month of October, revealed Ipsos What Worries the World survey. At least 2 […]
With plans under way to build Saudi Arabia’s smart city Neom, it is set to be a place in the desert unlike anything else on Earth. NEOM is being called as what ‘New Future might look like’ by Saudi Arabia. Neom is a portmanteau of the Greek word neos. NEOM is being built […]
Ahmedabad continues to be the most affordable housing market at 22 per cent, followed by Pune at 26 per cent and Chennai at 27 per cent, among the top eight cities in India, global property consultant Knight Frank India’s Affordability Index for the third quarter (Q3) of 2022 showed. Driven by the […]
Until the beginning of this year, the country had saved enough for the rainy day, because of strong capital flows in the past. However, those reserves are depleting fast. India lost nearly $85 billion of its forex reserves in the first half of the fiscal year, the second biggest depletion […]
For the uninitiated, a partial solar eclipse is one where the Earth moves through the lunar penumbra as the moon travels between the earth and the sun. It is referred to as ‘partial’ because the moon does not block the entirety of the sun, when witnessed from the Earth. After […]
Rishi Sunak has scripted history by becoming Britain’s first Indian-origin Prime Minister. His former boss Boris Johnson and Penny Mordaunt could not gather the support of 100 MPs needed to stand in the elections. The former U.K. Treasury chief was runner-up to Ms. Liz Truss in the contest to replace […]
The Indian Space Research Organisation (ISRO) has successfully deployed the latest batch of 36 satellites for satellite operator OneWeb, aboard its heavyweight configuration Geosynchronous Satellite Launch Vehicle (GSLV)-Mk.III rocket. The launch marked the first commercial mission that used ISRO’s GSLV, also known as the Launch Vehicle Mark III (LVM3). The […]
India suffered an income loss of USD 159 billion, 5.4 per cent of its gross domestic product, in the service, manufacturing, agriculture, and construction sectors due to extreme heat in 2021, according to a new report. Heat exposure in the country led to the loss of 167 billion potential labour hours, […]
The Federal Reserve is laser-focused on stemming price increases in the United States, but countries thousands of miles away are reeling from its hardball campaign to strangle inflation, as their central banks are forced to hike interest rates faster and higher and a runaway dollar pushes down the value of […]
Moscow: India’s friend Russia has recognized Jammu and Kashmir, Ladakh and Arunachal Pradesh as an integral part of India. This has been seen in the map of SCO member countries issued by the Russian government. According to media reports, the map released shows Pakistan-occupied Kashmir (POK) and Aksai Chin as […]
The rupee plunged 61 paise to decline below the 83-mark for the first time against the US dollar on today amid unabated foreign capital outflows and a strong dollar in the overseas markets. Besides, rising crude prices in the international markets and risk-averse sentiment among investors weighed on the local […]
To reduce the dominance of e-commerce giants like Flipkart and Amazon, the government rolled out its big initiative — Open Network for Digital Commerce (ONDC) — for public in Bengaluru. With the help of ONDC, government plans to help small retailers and create an alternative to dominant global giants like Amazon and Walmart, who controls over […]
Monthly mobile phone exports from India touched the $1-billion mark (over ₹8,200 crore) for the first time ever in September. They were boosted by the government’s production-linked incentive (PLI) scheme, which has pushed global players such as Apple and Samsung to increase local production for the domestic as well as overseas markets. According to […]
The government has yet again rejected the Global Hunger Index (GHI) 2022 which ranks India 107 among 121 countries and has called it “an erroneous measure of hunger” and an attempt to “taint” India’s image. It also wrongly claims that the ranks are based on an opinion poll. “Three out of the four indicators […]
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