Articles for author: Market News

Market News

FAIMA Alleges Corruption in IMA Elections, Demands Urgent Investigation

FAIMA Alleges Corruption in IMA Elections, Demands Urgent Investigation

The Federation of All India Medical Association (FAIMA) has raised serious concerns about alleged irregularities in the Indian Medical Association’s (IMA) recent electoral process. In a letter to the IMA’s chief election commissioner, FAIMA claims that significant funds were collected for nominations while key positions were filled without elections, risking the organization’s integrity. They also ...

Market News

President Murmu Urges Revolution in Justice: End Court Adjournments Now!

President Murmu Urges Revolution in Justice: End Court Adjournments Now!

President Droupadi Murmu emphasized the need for reforms in the judicial system to eliminate the “culture of adjournments” in courts. At the closing event of the National Conference of the District Judiciary, she highlighted the significant challenge posed by the backlog of court cases and stressed that judges must work towards providing swift justice. Murmu ...

Market News

India’s GST Surges to Rs 1.75 Trillion Amid Festival Demand and Compliance

India’s GST Surges to Rs 1.75 Trillion Amid Festival Demand and Compliance

In August, India reported a Goods and Services Tax (GST) collection of Rs 1.75 trillion, marking a 10 percent increase compared to last year. This growth is attributed to stronger consumer spending as the festive season approaches, along with enhanced GST audits and investigations that have improved compliance. Domestic collections rose by 9.2 percent, while ...

Market News

Indraprastha Gas: Revolutionizing LNG and Biomethane for India’s Future

Indraprastha Gas: Revolutionizing LNG and Biomethane for India’s Future

Indraprastha Gas Limited (IGL), under the leadership of Managing Director Kamal Kishore Chatiwal, is making significant strides in the liquefied natural gas (LNG) sector. The state-run company plans to set up 100 LNG stations by FY30 and is focused on developing CNG to LNG conversion plants for challenging landscapes. In a recent interview, Chatiwal highlighted ...

Market News

Maruti Suzuki Faces Sales Dip Amid Export Surge: A Dramatic Shift

Maruti Suzuki Faces Sales Dip Amid Export Surge: A Dramatic Shift

Maruti Suzuki India reported a 4% decline in total sales for August 2024, with 181,782 units sold compared to 189,082 units in August 2023. Domestic passenger vehicle wholesales fell by 8%, totaling 143,075 units last month. The mini segment, including Alto and S-Presso, saw a decrease in sales to 10,648 units, while compact cars, such ...

Market News

Striving for Ecological Balance: India’s Vision for Sustainable Development

Striving for Ecological Balance: India’s Vision for Sustainable Development

Environment Minister Bhupender Yadav emphasized the importance of balancing economic growth with ecological sustainability during the Ideas4LiFE event at IIT Bombay. He advocated for a responsible approach to development, stressing that one-third of the Earth should be preserved for biodiversity, as it supports around 50,000 species essential for human consumption. Yadav outlined three key actions ...

Market News

Rupee Dips to Historic Low Amidst Unstable Market Forces in August

Rupee Dips to Historic Low Amidst Unstable Market Forces in August

In August 2024, the Indian rupee faced challenges, becoming the second-worst performing currency in Asia after the Bangladesh Taka, due to high demand for the US dollar and a drop in investment in Indian equities. The rupee depreciated by 0.2 percent, trading at Rs 83.87 per dollar, nearing its all-time low. Despite this decline, the ...

Market News

Strengthening Ties: Singapore and China’s Navies Unite for Maritime Exercise

Strengthening Ties: Singapore and China’s Navies Unite for Maritime Exercise

The navies of Singapore and China have commenced the third edition of their bilateral maritime exercise, demonstrating their strong defense relationship. This year’s Exercise Maritime Cooperation, held from September 1 to 5, is taking place at the Ma Xie Naval Base in Zhanjiang, China, with approximately 200 personnel participating. The Singapore Navy’s Formidable-class frigate, RSS ...

Market News

Kharge Accuses BJP of Deception as J&K Youth Demand Change!

Kharge Accuses BJP of Deception as J&K Youth Demand Change!

Congress president Mallikarjun Kharge has criticized the BJP’s policies for youth in Jammu and Kashmir, labeling them as deceptive. In a recent statement, he highlighted the staggering youth unemployment rate of 28.2% in the region and pointed out the issues of corruption and exam paper leaks that have hindered job recruitment in government departments. Kharge ...

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