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There are five major components of the UPS benefits, starting with the assurance that government employees will receive half of their average basic pay drawn over their final 12 months in service prior to retirement, as a monthly pension for life. | Photo Credit: Getty Images/iStockphoto The story so far: Last weekend, the Union Cabinet…
There are five major components of the UPS benefits, starting with the assurance that government employees will receive half of their average basic pay drawn over their final 12 months in service prior to retirement, as a monthly pension for life. | Photo Credit: Getty Images/iStockphoto The story so far: Last weekend, the Union Cabinet…
The story so far: The Taliban last week announced a new law on the “Propagation of Virtue and Prevention of Vice” which imposes its interpretation of sharia or Islamic law on the people of Afghanistan. It not only bans women from showing any part of their bodies or faces in public, but silences their voices…
A villager poses with lithium stones in Jammu and Kashmir’s Reasi district. | Photo Credit: PTI The story so far: In late June, the Centre declared the winning bidders for mining rights in six blocks of critical minerals, including graphite, phosphorite and lithium, for which India largely relies on imports. These are the first private…
Read More “How is India’s hunt for critical minerals going? | Explained” »
As per a key finding of the Global Tax Evasion Report 2024, prepared by researchers at the EU Tax Observatory, global billionaires benefit from very low effective tax rates, which range between 0% and 0.5% of their wealth. | Photo Credit: Getty Images/iStockphoto The story so far: French economist Gabriel Zucman has in a recent…
Read More “Can the uber-rich worldwide be taxed better? | Explained” »
Congress Rahul Gandhi shows a stock market movement chart during a press conference in New Delhi on June 6, 2024. | Photo Credit: AP The story so far: The Indian stock market witnessed extreme volatility right after the release of the exit poll results earlier this month and on June 4 when the results of…
Read More “Should the recent stock market volatility be probed? | Explained” »
PLO chairman Yasser Arafat shakes hands with Israeli Prime Minister Yitzhak Rabin as U.S. President Bill Clinton stands between them after the signing of the Israel-PLO peace accord at the White House in Washington on September 13, 1993. | Photo Credit: Reuters The story so far: Hamas’s October 7, 2023 attack in Israel and the…
Read More “Is a future Palestine state possible? | Explained” »
The story so far: The International Monetary Fund (IMF) released the latest global financial stability report on Tuesday warning about the risks to the global financial system from persistent high inflation, rising lending in the unregulated credit market, and increasing cyber-attacks on financial institutions. What is the IMF’s worry about inflation? The IMF has flagged…
Read More “What is the outlook on the global economy? | Explained” »
Solar panels and solar fans are displayed among other electronics for sale at a shop inside a wholesale electronics market in Kolkata on March 19, 2024. | Photo Credit: Reuters The story so far: To incentivise India’s solar module manufacturing industry, the Ministry of New and Renewable Energy (MNRE) has brought into effect from April…
Read More “Will new solar power rules boost production? | Explained” »
Indian and Sri Lankan pilgrims leave Katchatheevu in March 2023 after attending the St. Anthony’s Church festival. | Photo Credit: The Hindu The story so far: On March 31, Prime Minister Narendra Modi posted on social media platform ‘X’ that he blamed the Congress for “callously” giving away Katchatheevu island to Sri Lanka. He cited…
Read More “Why are Katchatheevu pacts being questioned? | Explained” »