The Kosi River, which starts in Tibet and flows through Nepal into India, is causing concerns over possible flooding in districts like Malda and Murshidabad. Due to heavy rain in Nepal, around six lakh cusecs of water were released from the Kosi, raising water levels in the Ganga, which could lead to severe flooding in ...
 "The shift from VAT to GST ignites fierce debate over inter-state revenue disparities, dramatically reshaping fiscal landscapes across states.")
The shift from value-added tax (VAT) to goods and services tax (GST) has sparked discussions about how different states perform in terms of revenue. Under the previous tax system, states earned revenue from inter-state transactions based on where goods were produced. With GST, however, taxes are collected based on where goods are consumed. This change ...
The upcoming by-elections in Uttar Pradesh are creating buzz, despite the BJP’s strong majority in the assembly. The party’s sharp decline from 62 to 33 Lok Sabha seats has raised concerns about its stability under Chief Minister Yogi Adityanath. In contrast, the opposition Samajwadi Party (SP) is gaining momentum with a focus on a broader ...
 "Cisco’s dramatic layoffs of 5,600 employees highlight a tumultuous industry shift towards AI and restructuring for future growth.")
Cisco, a major US technology company, has announced significant job cuts, laying off around 5,600 employees, which is about 7 percent of its workforce. This comes as part of its strategy to manage costs amid decreasing demand, following earlier layoffs of 4,000 workers earlier in the year. The company is shifting its focus towards investments ...
 "Morgan Stanley’s record 1.1 million square feet lease in Mumbai signifies a major shift in India’s commercial real estate landscape.")
Morgan Stanley has made a significant move in the Indian commercial real estate Market by leasing 1.1 million square feet of office space in Goregaon, Mumbai. This nearly 10-year lease, valued at over Rs 2,122 crore, is one of the largest office deals in India for 2024. The bank has rented 16 floors of the ...
 "In a historic shift, India surpasses China in the MSCI Emerging Markets Index, fueled by robust economic growth and investor confidence.")
India has made history by surpassing China for the first time in the MSCI Emerging Markets Index, showing a weight of 2.35% compared to China’s 2.24%. This shift comes amid India’s strong economic growth, with its GDP growing at a pace over three times faster than China’s. Analysts from Morgan Stanley expect India to keep ...
Ford Motor Company is making a comeback in India, two years after halting operations. The American automaker has signed a letter of intent with the Tamil Nadu government to resume production at its Chennai plant, focusing on exporting vehicles to global markets rather than local sales. This strategic shift comes after years of struggling to ...
 "In Srinagar, women voters dominate as crucial assembly polls approach, highlighting a significant electoral shift ahead of September 25 voting.")
The upcoming assembly bypolls in Srinagar district on September 25 reveal a significant trend: women voters outnumber men in six out of the eight assembly segments. With 774,462 registered voters, 387,778 are female and 386,654 are male, highlighting the increasing participation of women in the electoral process. Notably, the Zadibal constituency has the highest number ...
 "Household savings decline as borrowing rises, with a dramatic shift from deposits to diverse financial assets in India.")
A recent report by BCG reveals significant shifts in household finances in India over the past decade. While household deposits as a percentage of GDP dropped from 6.1% to 4.1% in 2023, borrowing increased from 3.3% to 5.8%. This trend shows that unsecured lending in India is now comparable to that in the United States. ...
 "India’s Bond Market Set to Shift as RBI Eyes Rate Cuts and Demand Rises")
ICICI Prudential Life Insurance is set to increase its investments in longer-duration federal government bonds, including the benchmark 10-year bonds, due to a favorable demand-supply scenario. Ketan Parikh, the head of fixed income investments, noted that the company’s long-term focus aligns well with investing in these longer-term bonds. As India’s fiscal deficit drives borrowing, the ...
