Month: February 2024

Telangana Budget 2024 LIVE Updates, Highlights : Finance Minister Bhatti Vikramarka Mallu presents Congress first budget after win in December 2023

February 10, 2024 admin

Telangana’s Health, Medical, and Family Welfare Department’s budget outlay for the fiscal year 2024-25 saw a cutback compared to the previous year. The current budget stands at ₹ 11,500 crore, marking a decrease of ₹661 crore from the 2023-24 budget of ₹12,161 crore. While presenting the Budget, Finance Minister Bhatti Vikramarka Mallu acknowledged the success…

Business

EPFO to marginally hike interest on PF deposits to 8.25%

February 10, 2024 admin

The EPFO fixed a three-year high interest rate of 8.25% on employees’ provident fund for 2023-24 on February 10. The Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) has recommended an interest rate of 8.25% on provident fund (PF) deposits for 2023-24. The current interest rate is 8.15%. “The move is…

Business

Global warming’s patterns are more important than its levels | Explained

February 10, 2024 admin

Many warming records were broken in 2023 along with climate disasters such as wildfires, cyclones, droughts, and floods. In this time, the focus of the public narrative – often with the participation of scientists – has often been on whether we crossed the ‘magical’ warming threshold of 1.5 degrees C. The best estimates, derived from…

Science

Embraer teams up with Mahindra to bid for IAF’s medium transport aircraft deal

February 9, 2024 admin

Brazilian aircraft manufacturer Embraer Defense & Security and Mahindra signed a Memorandum of Understanding (MoU) to jointly bid for the Indian Air Force’s (IAF) Medium Transport (MTA) Aircraft tender. Embraer is pitching its C-390 Millennium multi-mission aircraft for the deal. The MoU was signed at the Embassy of Brazil in New Delhi on Friday. “We…

Business

Scientists discover new fungus species in Thrissur

February 9, 2024 admin

Trichoglossum syamviswanathii. Photo: Special Arrangement Scientists have discovered a new fungus species, Trichoglossum syamviswanathii, from Kerala. Researchers from the Kerala Forest Research Institute (KFRI), Botanical Survey of India, and the University of Hyderabad are behind the discovery of the new fungus species. The species Trichoglossum syamviswanathii is named after renowned scientist and former director of…

Science

INDIA bloc calls White Paper document a ‘political manifesto’

February 9, 2024 admin

MPs in the Rajya Sabha during the Interim Budget Session of Parliament, in New Delhi on Friday. | Photo Credit: ANI Opposition leaders from the INDIA bloc in the Lok Sabha on February 9 said the White Paper brought out by the Narendra Modi government on the state of the economy under the Congress-led United…

Business

Fugitive economic offenders will be extradited: FM in reply to White Paper debate in Lok Sabha

February 9, 2024 admin

Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget session of Parliament, in New Delhi, Friday, Feb. 9, 2024. | Photo Credit: PTI Fugitive economic offenders like Vijay Mallya, Nirav Modi, and Sanjay Bhandari will be extradited to India, Finance Minister Nirmala Sitharaman said on February 9, even as she charged…

Business

‘It is nothing but a white lie paper’, says Chidambaram

February 9, 2024 admin

\Former Finance Minister and Congress leader P Chidambaram. | Photo Credit: ANI The White Paper by the Narendra Modi government on the state of the economy under the Congress-led United Progressive Alliance (UPA) is a “hatchet job” and “a white lie paper,” former Finance Minister P. Chidambaram asserted on February 9. “It is a white…

Business

Watch | P. Chidambaram: ‘When we come to power GST will be reformed; States will be empowered’

February 9, 2024 admin

Watch | P. Chidambaram: ‘When we come to power GST will be reformed; States will be empowered’ Former Union Finance Minister P. Chidambaram says no structural reforms have been carried out in the country since 2014. He says there is no credibility to the government’s numbers and the claim of a V-shaped economic recovery after…

Business

Disruptions in Red Sea route likely to raise freight and forwarding cost by 25-30%: Report

February 9, 2024 admin

Major shipping lines are avoiding the Suez Canal and are rerouting vessels around the Cape of Good Hope, which has increased time and costs for exporters. File | Photo Credit: KK Mustafah Sustained disruptions in the Red Sea route is likely to raise the freight and forwarding (F&F) cost by 25-30% for corporates largely dealing…

Business