Home   »  

Monthly Archives: September 2023

India's Fiscal Deficit Reaches 36% of FY Target in August

India’s Fiscal Deficit Reaches 36% of FY Target in August

India’s fiscal deficit for the first five months of the 2023-24 financial year has reached 36% of the full-year target, according to data from the Controller General of Accounts (CGA). The fiscal deficit represents the gap between government expenditure and revenue, indicating the government’s borrowing needs. In absolute terms, the fiscal deficit amounted to Rs …

India's Core Sector Records Robust Growth in August, Highest in 14 Months

India’s Core Sector Records Robust Growth in August, Highest in 14 Months

In a significant economic development, India’s core sector witnessed impressive growth in August, reaching a 14-month high of 12.1%. This remarkable surge in core sector performance is attributed to several key factors, primarily the favorable base effect. In this report, we delve into the details of this growth, including the sectors driving it and the …

ADB's Capital Reforms to Unlock $100 Billion for Asia and Pacific

ADB’s Capital Reforms to Unlock $100 Billion for Asia and Pacific

In a significant move, the Asian Development Bank (ADB) has recently endorsed capital management reforms, unleashing a substantial $100 billion fund over the next ten years. These reforms, integrated into ADB’s updated Capital Adequacy Framework (CAF), mark a vital step in addressing the multifaceted crises and climate challenges faced by Asia and the Pacific region. …

Eurozone Inflation Hits Two-Year Low

Eurozone Inflation Hits Two-Year Low

Inflation in the Eurozone has dropped to its lowest level in almost two years, providing potential relief for the European Central Bank (ECB) and raising questions about the continuation of its rate-hiking cycle. Inflation Figures and Forecasts Official data from Eurostat reveals that consumer prices in the 20-nation Eurozone rose at an annual rate of …

International Day of Non-Violence 2023

International Day of Non-Violence 2023, Date, Theme, History and Significance

Introduction The International Day of Non-Violence, celebrated on October 2nd each year, holds a special place on the global calendar. This day marks the birthday of Mahatma Gandhi, a towering figure in the Indian independence movement and a pioneer of the philosophy and strategy of non-violence. Beyond honoring his legacy, the day serves as a …

World Habitat Day 2023

World Habitat Day 2023, Date, Theme, History and Signficance

Introduction World Habitat Day, observed on the first Monday of October each year, serves as a global platform to contemplate the state of our habitats and emphasize the fundamental right of every individual to have access to adequate shelter.  This year World Habitat Day observed on 2nd October. In the year 2023, this day takes …

International Day of Older Persons 2023

International Day of Older Persons 2023: Date, Theme, History and Significance

The International Day of Older Persons, observed on October 1st every year, is a global occasion that recognizes the invaluable contributions of senior citizens while shedding light on the unique challenges they face. This day, established by the United Nations General Assembly, serves as an opportunity to honor and celebrate the elderly, acknowledge their vital …

September, 2023 - - Part 2_10.1

Who killed Mahatma Gandhi?

Death of Mahatma Gandhi The death of Mahatma Gandhi on 30 January 1948 by a Hindu Nationalist, Nathuram Godse, remains a haunting and tragic event in the history of India’s fight for Independence. The man who had preached nonviolent resistance and won hearts with his principles was taken away by an act of violence. Who …

Banmali Agarwal Appointed Chairman of Tata Advanced Systems

Banmali Agarwal Appointed Chairman of Tata Advanced Systems

Tata Sons, the prestigious conglomerate, has announced a significant change in leadership within its aerospace and defense solutions unit, Tata Advanced Systems Limited (TASL). Banmali Agarwal has assumed the role of Chairman at TASL, succeeding Vijay Singh, who has retired. This move comes as part of Tata Group’s continued commitment to bolstering its presence in …