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Daily Archives: September 1, 2023

India Forms Committee To Explore Possibility Of 'One Nation, One Election': Report

India Forms Committee To Explore Possibility Of ‘One Nation, One Election’: Report

On 1st September, the Indian government announced the formation of a committee led by former President of India, Ram Nath Kovind, to delve into the feasibility of ‘One Nation, One Election.’ This development follows the government’s announcement to hold a special parliamentary session from September 18th to 22nd, 2023, which has led to curiosity about …

YES Bank goes live with UPI interoperability on CBDC

YES Bank goes live with UPI interoperability on CBDC

YES Bank, announced a significant development in the digital currency space by launching UPI interoperability on the Reserve Bank of India (RBI) Central Bank Digital Currency (CBDC) app. This move is poised to revolutionize digital transactions and expand the reach of the Digital Rupee (e₹) across the nation. Enhancing Transactional Convenience: Users can now seamlessly …

September 1, 2023 -_5.1

Cabinet okays PRIP scheme to boost research and innovation

The Union Health Ministry has announced an ambitious plan to boost research and innovation in the pharmaceutical and medtech sectors. To achieve this goal, they have introduced the Promotion of Research & Innovation in Pharma-MedTech sector (PRIP) scheme, which has been approved by the Union Cabinet. The scheme was rolled out earlier this month by …

Bhaderwah Rajma & Ramban Sulai Honey Of Jammu And Kashmir Get GI Tag

Bhaderwah Rajma & Ramban Sulai Honey Of Jammu And Kashmir Get GI Tag

In a significant development for the region, Bhaderwah Rajmash and Sulai honey, both hailing from the picturesque districts of Doda and Ramban in Jammu and Kashmir, have been granted coveted Geographical Indication (GI) tags. These tags serve as a testament to the unique qualities and characteristics of these local specialties and open up doors for …

India's Largest Home-Built Nuclear Plant Starts Operations

India’s Largest Home-Built Nuclear Plant Starts Operations

In a significant development for India’s energy sector, Prime Minister Narendra Modi announced that the 700 MW nuclear power plant located in Kakrapar, Gujarat, has commenced its operations at maximum capacity. This milestone marks a pivotal moment in India’s quest for energy self-sufficiency and underscores the nation’s commitment to harnessing indigenous nuclear technology. Kakrapar Nuclear …

September 1, 2023 -_8.1

Anand Mahindra welcomes MS Dhoni as Brand ambassador of Swaraj Tractors

Industrialist Anand Mahindra has welcomed Mahindra Singh Dhoni as the cricketer became a brand ambassador of his Swaraj Tractors. There have been times when Mahendra Singh Dhoni has expressed his passion for farming. And now, he has become a brand ambassador of Swaraj Tractors. About MS Dhoni Dhoni’s rise from Ranchi to being one of …

Viacom 18 Secures BCCI TV and Digital Media Rights in a 5-Year Deal Worth Rs 5,963 Crore

Viacom 18 Secures BCCI TV and Digital Media Rights in a 5-Year Deal Worth Rs 5,963 Crore

Viacom 18, a Reliance-owned media outlet, has emerged victorious in the auction for media rights, encompassing both digital and TV broadcasting, of India’s domestic matches and BCCI-hosted domestic tournaments for the next five years. The auction took place on August 31, 2023. This significant acquisition complements Viacom 18’s existing digital rights for the Indian Premier …

Union Minister Piyush Goyal Unveils Statue of First Finance Minister Of Independent India

Union Minister Piyush Goyal Unveils Statue of First Finance Minister Of Independent India

In an event organized by the South Indian Panchayat Association in Coimbatore, Piyush Goyal, the Union Minister of Textiles, inaugurated the statue of RK Shanmugam Chetty, who served as the first Finance Minister of independent India. A Tribute to RK Shanmugam Chetty: Unveiling of a Historical Statue Commencing the event, a statue paying homage to …

Centre's Fiscal Deficit for April-July Reaches 33.9% of FY24 Target

Centre’s Fiscal Deficit for April-July Reaches 33.9% of FY24 Target

In the first four months of the 2023-24 financial year, India’s fiscal deficit has surged, surpassing a third of the full-year target. This financial imbalance, measured as the difference between government expenditure and revenue, is a critical indicator of the government’s borrowing needs. Fiscal Deficit Overview: As of the end of July, the fiscal deficit …

India's GDP growth accelerates to 7.8% in April-June quarter

India’s GDP growth accelerates to 7.8% in April-June quarter

In a significant economic development, India’s Gross Domestic Product (GDP) demonstrated robust growth, surging to 7.8% in the first quarter of the fiscal year 2023-2024, compared to a 6.1% growth rate recorded in the preceding January-March quarter of the fiscal year 2022-23. This acceleration is indicative of a positive economic trajectory and holds great implications …