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Daily Archives: January 27, 2025

India's First Mini Budget: A Historical Insight

India’s First Mini Budget: A Historical Insight

As Finance Minister Nirmala Sitharaman gears up to present the Union Budget on February 1, 2025, marking her eighth consecutive budget, it is essential to reflect on the history and trivia surrounding India’s budgetary milestones. One of the significant events in India’s economic history was the presentation of the country’s first Mini Budget in 1956. …

M. Mohan Appointed as Director of ISRO's Liquid Propulsion Systems Centre

M. Mohan Appointed as Director of ISRO’s Liquid Propulsion Systems Centre

On January 25, 2025, M. Mohan was appointed as the Director of the Liquid Propulsion Systems Centre (LPSC) in Thiruvananthapuram, Kerala. He succeeds Dr. V. Narayanan, who recently assumed the role of Chairman of the Indian Space Research Organisation (ISRO) on January 14, 2025. Background of M. Mohan M. Mohan has been an integral part …

32.81% Surge in Complaints to RBI Ombudsman

32.81% Surge in Complaints to RBI Ombudsman

In 2024, the Reserve Bank of India’s (RBI) Integrated Ombudsman Scheme saw a significant 32.81% increase in bank customer complaints, reaching a total of 9.34 lakh. This rise highlights a growing concern regarding customer grievances in the banking sector. The complaints mainly stemmed from delays in service, errors in transactions, and inadequate redressal by banks, …

US Suspends USAID Funding to Bangladesh Amid Global Foreign Aid Review

US Suspends USAID Funding to Bangladesh Amid Global Foreign Aid Review

In a significant policy shift, the United States has suspended all USAID funding to Bangladesh following President Donald Trump’s directive for a comprehensive 90-day review of foreign aid programs. This decision mandates an immediate halt to all USAID-related activities in Bangladesh, affecting numerous development projects across the nation. Context of the Suspension Upon assuming office …

Bumrah Crowned ICC Men’s Test Cricketer of the Year

Bumrah Crowned ICC Men’s Test Cricketer of the Year

Jasprit Bumrah had an extraordinary year in 2024, establishing himself as the most dominant bowler in Test cricket. Making a stellar comeback after recovering from a back injury in late 2023, Bumrah’s incredible performances propelled India’s success in both home and away series. His consistency, wicket-taking ability, and record-breaking achievements solidified his status as one …

Soumitra Chatterjee The Legacy of Apu and Beyond

Soumitra Chatterjee: The Legacy of Apu and Beyond

Soumitra Chatterjee, the iconic Bengali actor, poet, artist, and theatre personality, left an indelible mark on Indian cinema, particularly through his collaboration with Satyajit Ray in films like Apur Sansar and Sonar Kella. While he is deeply cherished by cinephiles and Bengalis for his iconic roles, his multifaceted career as an actor, poet, and artist …

Indore, Udaipur Join Global Wetland Cities Network

Indore, Udaipur Join Global Wetland Cities Network

Indore and Udaipur have achieved a significant milestone by becoming the first two cities from India to join the global list of accredited Wetland Cities under the Ramsar Convention on Wetlands. This recognition marks an important step in India’s commitment to sustainable urban development and ecological conservation. Prime Minister Narendra Modi congratulated both cities, highlighting …

Smriti Mandhana Named ICC Women’s ODI Cricketer of the Year 2024

Smriti Mandhana Named ICC Women’s ODI Cricketer of the Year 2024

Smriti Mandhana had an outstanding 2024 in One Day International (ODI) cricket, establishing herself as a leading figure in the women’s game. Known for her elegant left-handed batting and ability to perform under pressure, Mandhana’s contributions in ODIs were pivotal in India’s success across various series. She not only became the leading run-scorer in WODIs …