India

NATIONAL mean a person owing allegiance to and entitled to the protection of a sovereign state. CITIZEN is preferred for one owing allegiance to a state in which sovereign power is retained by the people and sharing in the political rights of those people.  the rights of a free citizen SUBJECT implies allegiance to a personal sovereign such as a monarch.  the king’s subjects NATIONAL designates one who may claim the protection of a state and applies especially to one living or traveling outside that state.

UPI accounted for more than half of the digital transaction in FY 22.

Unified Payments Interface (UPI), the digital payment system that rides on smartphones and increased internet connectivity, has shown a quantum jump and is now a preferred mode of payment. The Economic Survey released on 31st January  said “the progress of UPI has been remarkable”. In the fiscal year ending March […]

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Foreign universities to enter in India.

The University Grants Commission (UGC) announced on January 05th 2023 the draft regulations for ‘Setting up and Operation of Campuses of Foreign Higher Educational Institutions in India’. This is in pursuance of the New Educational Policy 2020, which stipulates that, “A legislative framework facilitating such entry will be put in […]

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Indian army to get jetpack suits.

In a bid to modernise and upgrade its capabilities, the Indian Army is seeking to acquire jetpack suits and robotic mules through fast-track procedures for emergency procurements under the Buy Indian category. The Army has floated Request for Proposal (RFP) for 48 jetpacks with modern propulsion system including Turbine engines, […]

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Gold surpasses rupees 57000 per 10 grams.

Gold futures on the Multi Commodity Exchange hit an all-time high of Rs 57,099 per 10 grams on 24 January. Gold prices jumped tracking gains in overseas markets and a depreciation in the rupee currency. However, the surge dampened demand in the world’s second biggest consumer of the precious metal. […]

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Adani Enterprises files India’s largest FPO.

Adani Enterprises, the flagship company of ports-to-energy conglomerate Adani Group, said it would raise ₹20,000 crore in follow-on public offering of new shares, which is being touted as the country’s biggest FPO. The Adani Group’s flagship company has filed papers with capital market regulator Securities and Exchange Board of India (Sebi) […]

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India’s 75th Army day.

India celebrates Army Day on January 15 every year to commemorate the achievements of the first Indian Commander in Chief of the Indian Army — General (later Field Marshal) K.M. Cariappa. On this day, Cariappa, who led Indian forces to victory in the 1947 war, took over the command of […]

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Gold hits all time high.

Indian gold futures hit a record high on Friday, tracking gains in overseas market, but the price rise dampened demand in the world’s second biggest consumer of the precious metal, dealers said. Local gold futures rose to 56,245 rupees ($691.45) per 10 grams, surpassing the previous record of 56,191 rupees […]

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