On Wednesday, the Joint Parliamentary Committee (JPC) led by Jagdambika Pal adopted the draft report and the amended Waqf (Amendment) Bill, 2024. The committee's report, which includes significant revisions to the bill, will be tabled in Parliament on Monday as part of the ongoing Budget Session. The amendments to the bill are aimed at ensuring the benefits of Waqf properties reach marginalized groups, such as the poor, women, and orphans. This inclusion marks a major development in the b

Projected Economic Growth India’s economy is expected to grow between 6.3% to 6.8% in the financial year 2025-26 (FY26). This forecast comes from the Economic Survey 2024-25 presented by Finance Minister Nirmala Sitharaman in Parliament. Economic Fundamentals The survey highlights that the

Extended Economic Slowdown Expected: Maneesh Dangi, the CEO of Mosaic Asset Management, predicts that India's ongoing economic slowdown will last for at least another year and a half, contrary to the more optimistic views of many market participants. He believes the country is in the midst of a cyclical slowdown, which is a recurring phase in the economy. Dangi explains that such slowdowns typically last for five to seven quarters and do not recover without substan

In preparation for the Mauni Amavasya "Amrit Snan" on Wednesday, authorities managing the Maha Kumbh have issued a comprehensive safety advisory to ensure a smooth and secure experience for the millions of devotees expected to attend. The second Amrit Snan of the Maha Kumbh is anticipated to be one of the largest gatherings of the pilgrimage, and the authorities are taking extensive measures to manage crowd movement and safety. The fair administration, in collaboration wit

Andhra Pradesh Chief Minister N. Chandrababu Naidu expressed immense optimism for India's future, declaring that the country has entered its golden era of economic growth. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Naidu highlighted that India's economy is poised for significant growth, predicting it will register the fastest incremental GDP growth from 2028 onwards. He credited Prime Minister Narendra Modi's leadership and emphasized the stability provided

Shreyas Iyer, the captain of Kolkata Knight Riders (KKR) who led the team to victory in IPL 2024, has opened up about not being retained by the franchise for the upcoming season. In a candid interview, Iyer revealed that the lack of communication from the Shah Rukh Khan-owned team left him perplexed, making him uncertain about his future with KKR. He mentioned that despite winning the IPL title, there were no concrete talks regarding retention until just a week before the retention deadline,

US President Donald Trump's economic policies are facing significant challenges, according to market experts like Ramesh Damani and Samir Arora. While Trump has made bold promises, including ramping up US oil production and taking a tough stance on trade with countries like China, the actual implementation of these policies is likely to be constrained by governance realities. Damani pointed out that Trump's ambitious goal of increasing US crude oil production by three millio

Gavaskar's Take on Samson's Omission Legendary Indian cricketer Sunil Gavaskar has expressed his thoughts on the exclusion of wicketkeeper-batter Sanju Samson from India’s squad for the upcoming Champions Trophy 2024. Despite a stellar record and calls for his inclusion, Samson was left out of the 15-man squad, with KL Rahul and Rishabh Pant being preferred as the designated wicketkeepers. The omission has led to widespread criticism from fans and experts

Chandrababu Naidu, the Chief Minister of Andhra Pradesh, is gearing up for his highly anticipated trip to Switzerland to participate in the prestigious World Economic Forum (WEF) Summit in Davos. This business-focused event is seen as an excellent opportunity to attract significant investments to the state. In a strategic move ahead of his trip, Naidu has successfully poached a key investment body executive from the neighbori

Impact of China’s Export Restrictions on Indian Manufacturing: India’s manufacturing industry is facing significant disruptions due to China’s export restrictions, which are part of the ongoing trade tensions between the United States and China. These curbs primarily affect industries in India that rely on raw materials, machinery, and components from China, such as the solar po

Months before the 2024 Lok Sabha elections, Finance Minister Nirmala Sitharaman presented an interim budget in February to manage the government’s immediate financial needs. After the BJP-led NDA returned to power for a third term, she unveiled the comprehensive Union Budget for the financial year 2024-25 on July 23. While both budgets play a significant role in the nation's fiscal planning, their objectives and scope are different. An interim budget is a temporary financi

The Union Budget for the upcoming financial year is expected to include provisions for promoting artificial intelligence (AI) in India. According to sources, a special policy package for AI is being formulated, with a focus on AI-skilling schemes and the establishment of AI centres. Additionally, the budget is likely to allocate funds to support these initiatives, ensuring measures are in place to safeguard employment in light of AI's rapid advancement. The Ministry of Finance h

Union Minister Ashwini Vaishnaw has strongly rebutted Meta CEO Mark Zuckerberg’s claims regarding the 2024 Indian elections, labelling them "factually incorrect." Zuckerberg, in a recent appearance on the Joe Rogan podcast, suggested that most incumbent governments globally, including India's, lost in the 2024 elections due to post-Covid dissatisfaction. However, the Narendra Modi-led National Democratic Alliance (NDA) won a decisive third term in India, securing the trust

Chandrababu Naidu, the Chief Minister of Andhra Pradesh, will embark on a significant trip to Davos on January 20 to participate in the prestigious World Economic Forum (WEF). This marks the return of a well-known tradition for the TDP chief, who has previously used the platform to attract global investments to Andhra Pradesh. The timing of this visit is especially important for Naidu, as it comes after a tumultuous five years under the leadership of his rival, Y.S. Jagan Mohan Redd

On Friday, Nicolas Maduro was sworn in for a third six-year term as Venezuela's president, despite widespread accusations of election fraud and a growing wave of international opposition. Having served as president since 2013, Maduro has weathered numerous crises, including a collapsing economy, US sanctions, and ongoing protests. His controversial victory in the July 2024 elections was followed by violent crackdowns, which saw over 2,400 people arrested and at least 28 killed. This marks

Expansion of China's Trade-In Scheme China is extending its consumer trade-in program, originally launched in March 2024, to help stimulate demand in the struggling household sector. The scheme now includes additional home appliances such as microwave ovens, dishwashers, and rice cookers. In an effort to boost the digital goods market, subsidies are also being offered for products like smartphones, tablets, and smartwatches. Consumers who trade in old products can receive subsidies

Infosys, the major IT company, has postponed its annual salary hike for the fourth quarter of FY 2024-25, following the last increase in November 2023. This delay highlights the ongoing uncertainties within the domestic IT sector. One of the key reasons cited for the slowdown is the lack of increased IT spending from clients, influenced by macroeconomic factors, including potential tariffs under the upcoming Donald Trump administration. Infosys is not alone in this move, as other large IT com

A court in Bangladesh has issued a second arrest warrant for former Prime Minister Sheikh Hasina, accusing her of enforced disappearances during her time in power. The new charges, which were announced by the chief prosecutor of the International Crimes Tribunal (ICT), Tajul Islam, involve Hasina, her military adviser, and several law enforcement officials. Over 500 people were allegedly abducted by Bangladesh's security forces under her regime, with some of them detained in secret locati

The University of Hyderabad (UoH) has opened applications for the 2025-27 MBA programme. Interested candidates can apply via the official websites acad.uohyd.ac.in and uohyd.ac.in. The deadline for submission is January 15, 2025. Applicants must have a minimum of a three-year first-class Bachelor's degree, with 60% marks or equivalent, and must have appeared for CAT 2024. Shortlisted candidates will undergo a Grou

In 2024, the collective wealth of the world’s top 500 billionaires surged to a staggering $10 trillion, marking an unprecedented milestone. The year saw tech giants Elon Musk, Mark Zuckerberg, and Jensen Huang dominate the wealth rankings, with their fortunes significantly boosted by a rally in US technology stocks. Tesla, Meta, and Nvidia stocks performed exceptionally well, contributing heavily to the increase in wealth. Musk, the wealthiest individual, saw his fortune soar to $442.1