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Daily Archives: March 1, 2023

March 1, 2023 -_3.1

Union Budget 2023-24 Highlights & Complete Budget Analysis

March 1, 2023

Union Budget 2023-24 Highlights: Announcing its last full Union Budget 2023 before the 2024 elections, the NDA government focused on a slew of measures that expanded Capital Expenditure spending and tied in various priorities including Green Growth, Youth Power and Inclusive Development. In Union Budget 2023 This was also accompanied by major tax announcements for the …

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March 1, 2023 -_5.1

10 yrs post-retirement, a life-size statue of Sachin Tendulkar at Wankhede

March 1, 2023

A decade after his retirement, there is news about plans to install a life-size statue of Sachin Tendulkar inside the iconic Wankhede stadium where he played his last game for India. The statue will be unveiled on April 23. It will be the legend’s 50th birthday. There is speculation that if everything does not work …

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March 1, 2023 -_6.1

India’s manufacturing PMI slips to 4-month low of 55.3 in February

March 1, 2023

India’s purchasing managers’ index (PMI) declined to a 4-month low at 55.3 in February owing to a rise in input costs, according to the S&P Global India Manufacturing PMI report. In January, the manufacturing PMI stood at 55.4. The headline figure, however, remained above its long-run average of 53.7. A reading above 50 indicates an …

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March 1, 2023 -_7.1

MoS IT launches Grievance Appellate Committee to ensure safe internet

March 1, 2023

IT Minister Rajeev Chandrasekhar launched a grievance appellate panel mechanism, that will look into appeals by users against decisions of social media platforms. The announcement came in the presence of representatives of Big Tech internet companies like Meta, Snap, Google and others. Buy Prime Test Series for all Banking, SSC, Insurance & other exams Significance of The …

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March 1, 2023 -_8.1

Moody’s expects India to report real GDP growth of 5.5 percent in 2023

March 1, 2023

Moody’s now expects India’s real GDP growth to be 5.5% in 2023, up from the earlier projection of 5%, and to be 6.5% in 2024. The upward revisions for India also incorporate a significant increase in capital expenditure budget allocation to ₹10 lakh crore (3.3% of GDP) for fiscal year 2023-24, up from ₹7.5 lakh …

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Singapore Airlines receives 25.1% stake in Air India group

Singapore Airlines receives 25.1% stake in Air India group after investing $267 mn

March 1, 2023

Singapore Airlines receives 25.1% stake in Air India group Singapore Airlines will give Air India an additional SGD 360 million (USD 267 million). With its acquisition by Tata and merger with Vistara Airlines, it will give SIA a 25.1% interest in the firm. Through this deal, SIA will strengthen its relationship with Tata and gain …

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Elon Musk reclaims to the top, becomes richest person

Elon Musk reclaims to the top, becomes richest person on the planet again

March 1, 2023

Elon Musk reclaims to the top, becomes richest person Elon Musk, CEO of Tesla, once again overtook the position of richest person in the world on February 28, according to a Bloomberg Billionaires Index report. The second-placed French business tycoon Bernard Arnault has a net worth of $185 billion, trailing Tesla CEO Elon Musk by …

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March 1, 2023 -_11.1

Rajesh Malhotra named principal director general of PIB

March 1, 2023

Principal director general of PIB Senior Indian Information Service (IIS) officer, Rajesh Malhotra has been appointed as the principal director general of the Press Information Bureau (PIB), according to the Ministry of Information & Broadcasting. He will be the principal spokesperson of the government of India. He will replace Satyendra Prakash, who took charge as …

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Deakin University of Australia to set up campus in GIFT city

Australia’s Deakin University to set up campus in GIFT city

March 1, 2023

Deakin University of Australia to set up campus in GIFT city The first foreign university to establish a campus in India will be Deakin University of Australia. The autonomous campus will be built in Gujarat International Financial Tec-City (GIFT) City. While visiting Ahmedabad, Australian Prime Minister Anthony Norman Albanese is anticipated to make the official …

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March 1, 2023 -_13.1

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