The Damodar Valley Corporation (DVC) has accomplished a significant milestone by generating 43.32 billion units of electricity during the fiscal year 2022-23. This achievement marks a growth rate of 6.5% compared to the previous fiscal year 2021-22. DVC operates thermal and hydropower plants through...
Company ProfileA member of the Tata Group, Tata Consumer Products is an Indian Fast-Moving Consumer Goods company. Mumbai serves as the company’s corporate headquarters, while Kolkata serves as its registered office. It is a significant producer of coffee and the second-largest manufacturer and di...
In recent weeks, there has been a surge in tax notices affecting the Indian startup ecosystem, particularly in the fintech sector. Notices issued under Section 68 of the Income Tax Act have targeted several startups, probing into their venture capital funding. These notices delve into the origin and...
Gross Domestic Product (GDP) serves as the fundamental measure of economic performance for every nation. It reflects the market value of all goods and services produced within a country’s borders in a given year. However, a more pertinent measure is GDP per capita, which accounts for the GDP divid...
IntroductionIndia’s significant and escalating income and wealth inequality have garnered attention among economists and global observers. The issue has taken center stage in the ongoing parliamentary election, as highlighted by the Loknity-CSDS 2024 pre-poll survey (The Hindu, April 11, 2024). Th...
While major world economies have successfully tackled inflation over the last six months by bringing retail inflation (the monthly consumer price index-based inflation) close to the central bank target rates of 2% with and emerging economies including India’s Reserve Bank of India have achie...
The onset of the new financial year FY25, commencing on April 1, 2024, does not promise any relief from the economic challenges persisting since the previous fiscal year. In recent months, various banks and financial institutions in India, including Bank of Baroda, HDFC Bank, Kotak Mahindra Bank, Pa...
The departure of Prime Minister Lee Hsien Loong marks the beginning of a new era in Singapore, as Lawrence Wong ascends to the post of the country’s fourth Prime Minister. This transition signals a departure from the legacy of the Lee dynasty, as Singapore anticipates a blend of tradition and inno...
Campuses across the United States of America are abuzz with student protests against Israel’s ongoing military campaign in Gaza. Tensions peaked when students at the University of Texas at Austin marched to the main lawn with intentions to establish an encampment.Retaliation was swift as police in...
Iran’s recent drone and missile offensive against Israel could adversely affect India by increasing the cost of crude oil imports. Geo-political tensions in West Asia could elevate risk premiums, fueling concerns of potential supply disruptions from the oil-rich region.Escalating Conflict Between ...