Sector: All Sectors
‘2023 among warmest in at least 100k years’
The numbers are in, and scientists can now confirm what month after month of extraordinary heat worldwide began signalling long ago. Last year was Earth’s warmest by far in a century and a half. Global temperatures started blowing past records midyear and didn’t stop. First, June was the planet’s warmest June on record. Then, July … Read more
India would require 6.4 crore additional homes by 2036 because of population growth: Report
It would require 6.4 crore more homes by 2036 to match the housing demand of India’s increasing population, according to CREDAI-Liases Foras. “The additional housing requirement by 2036 due to the population growth is 64 million in India,” read the joint report released by realtors’ apex body CREDAI, in collaboration with data analytic firm Liases … Read more
Bajaj Auto announces buyback at steep premium
Key points related to the buyback are – 4,00,000 equity shares, representing 1.41% of the total shares would be bought back at Rs 10,000/ share i.e, Rs 4,000 crore of total consideration (excluding the associated costs and fees). Company may later decide to increase the buyback price without increasing the total consideration amount of Rs … Read more
Over 29,000 fake GST claims found
`Government on Sunday said GST officers have detected 29,273 bogus firms involved in fake Input Tax Credit (ITC) claims of Rs 44,015 crore in eight months till December 2023 during a drive against fake registration, which helped save revenue of Rs 4,646 crore. In October-December 4,153 bogus firms that involved suspected ITC evasion of around … Read more
‘This is madness’: Elon Musk takes a dig at the Biden administration for cap on H-1B visa
Elon Musk criticized the US government for limiting visas in the H-1B category and suggested that the country should stop illegal immigration and allow more legal immigrants to come in. Taking to X (formerly twitter), Tesla founder Elon Musk wrote, “While it is trivial to enter the United States illegally, it is insanely difficult for … Read more
Steel imports are rising, but India is not worried
Union steel minister Jyotiraditya Scindia said India becoming a net importer of steel between April and November this fiscal year is not a concern for the government, terming the imports a drop in the ocean of total steel consumption in the country. “Indian steel production has gone up by 12.9% y-o-y (year-on-year). So, more steel … Read more
2023: A year of special achievements, says PM Modi
Describing 2023 as a year of ‘special achievements’, Prime Minister Narendra Modi on Sunday said the country is replete with self-confidence and the momentum should continue in 2024. Addressing the nation through the ‘Mann Ki Baat’ broadcast, Modi mentioned the G20 summit, passing of the Women’s Reservation Bill in Parliament, landing of Chandrayaan-3 on the … Read more
What to expect from the Sixteenth Finance Commission?
The government on Sunday named former vice chairman of Niti Aayog and Columbia University professor Arvind Panagariya as the chairman of the Sixteenth Finance Commission (SFC), a constitutional body. Mint takes a look at what to expect from the SFC. What is the role of finance commissions? Finance commissions are independent constitutional bodies with a … Read more