 "Iron ore and manganese production surged amid strong demand, reflecting robust economic growth in key sectors like steel and infrastructure.")
India’s iron ore and manganese ore production saw impressive growth from April to August 2024. The output of iron ore increased by 7.4% to 116 million tonnes, compared to 108 million tonnes in the same period last year. Manganese ore production also jumped by 15.4% to 1.5 million tonnes, up from 1.3 million tonnes. Iron ...
 "IIFL Finance, a key non-bank lender, regains RBI approval for gold loans, overcoming scrutiny to restore vital business operations.")
IIFL Finance, a leading non-bank lender, recently announced that the Reserve Bank of India (RBI) has lifted restrictions on its gold loan operations. These limitations were imposed in March 2024 due to concerns about the accuracy of gold evaluations and compliance with regulations. With the RBI’s decision now effective, IIFL Finance can resume its activities ...
 "India’s NFRA revises auditing standards to enhance accountability amid past frauds, gaining support from key financial regulators.")
The National Financial Reporting Authority (NFRA) has proposed new auditing standards for group audits in India, aiming to enhance the quality and thoroughness of these audits. This revision aligns with international standards to address the deficiencies observed in past audits of listed companies and public interest entities. NFRA emphasizes the group auditor’s responsibility and the ...
 "India scrapped minimum export prices on key commodities, aiming to boost farmer incomes and curb inflation before crucial elections.")
The Indian government recently made significant changes to its export policies to stabilize farm prices and manage inflation ahead of upcoming state elections in Haryana, Jharkhand, Jammu & Kashmir, and Maharashtra. Notably, the minimum export price on onions was eliminated, dropping from $550 per tonne. Additionally, the export duty on onions was reduced from 40% ...
In a recent statement made during his visit to the United States, Rahul Gandhi suggested that India could consider ending its reservation system in education and employment only if the country becomes a more equitable society. This comment sparked criticism from Vice President Jagdeep Dhankar, who accused Gandhi of displaying an anti-constitutional mindset for discussing ...
 "International students face uncertain futures as immigration policies tighten, jeopardizing their educational dreams in key host countries.")
International students, especially from India, have long been vital for universities in advanced countries like the US, UK, and Canada. However, their future is becoming uncertain as governments look for ways to limit rising immigration numbers. Despite this challenging environment, the education loan Market in India is booming. Non-banking financial companies (NBFCs) are projected to ...
During the April to July period, the growth of central government capital expenditure (capex) was sluggish, with an overall spending of only 24%. However, several ministries excelled, notably housing, roads, railways, health, and atomic energy, which all exceeded average spending rates. In contrast, the Department of Telecommunications spent just 1%, a significant drop from the ...
 "India’s largest supercomputer, featuring groundbreaking AI, will enhance digital infrastructure following a key India-UAE collaboration.")
Microsoft and G42, backed by Mubadala, are set to build India’s largest supercomputer, capable of performing eight exaflops, or millions of trillion floating-point operations per second. G42 India CEO Manu Jain announced this project, along with a new Hindi language AI model named NANDA, which allows users to communicate in Hindi, English, and Hinglish. This ...
 "RSS chief Mohan Bhagwat warns of hidden threats to India’s growth, invoking dharma as the key to overcoming adversity.")
RSS chief Mohan Bhagwat recently highlighted the importance of “dharma” in India’s growth and unity during a book release event. He compared current challenges to those faced in the era of Chhatrapati Shivaji Maharaj, asserting that forces opposing India’s development are similar to past adversaries. Bhagwat emphasized that dharma, which encompasses truth, compassion, and dedication, ...
 "Finance Minister Nirmala Sitharaman announces key GST reforms, including a GoM to reduce insurance taxes and lower rates on cancer drugs.")
During the 54th GST Council meeting, Union Finance Minister Nirmala Sitharaman announced the formation of a Group of Ministers (GoM) to evaluate the GST rates for life and health insurance. This GoM will be led by Bihar Deputy Chief Minister Samrat Choudhary and is expected to submit its report by the end of October 2024. ...
