A Bengaluru-based professional has triggered a wide online discussion after questioning whether it is worth staying in India, despite earning a combined annual income of ₹60 lakh with his wife. In a Reddit post, the 30-year-old shared his daily struggles, raising concerns about poor infrastructure, tax burdens, and the overall quality of life in the … Read more
India may take nearly 75 years just to achieve one-fourth of US income per capita, as per a recent World Bank report that offers the first extensive blueprint for developing countries to overcome the “middle-income trap.” More than 100 countries, including India, China, Brazil, and South Africa face serious challenges in becoming high-income countries in … Read more
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
Investors have about $2 trillion of funds available to invest, and about $100 billion to $150 billion of that is focused on India, according to Anu Aiyengar, JPMorgan Chase & Co.’s global head of mergers and acquisitions. “As we look at a combination of the inflows into the Indian market, as well as the exits … Read more
Union minister Jitendra Singh on Saturday said India’s bioeconomy jumped from $8 billion in 2014 to $100 billion and the country now targets $150 billion by 2025, Addressing a discussion meeting in New Delhi focused on fostering the Biomanufacturing Initiative of the Department of Biotechnology (DBT), the minister said “India’s bioeconomy was just about $8 … Read more
Russia and India have suspended negotiations over using rupees for trade, Reuters reported. Moscow, with a high trade gap in its favor, believes accumulating rupee is “not desirable.” China prefers to be paid in Chinese yuan or other currencies. Russia and India have suspended negotiations over using rupees for trade between the two countries, with … Read more
Indian ambassador Ruchira Kamboj was speaking at a session convened by Russia that called for a discussion on how to make multilateralism effective “by defending the UN Charter”. File With another year of meetings on reforming the United Nations — and particularly the question of the expansion of the Security Council — coming to a … Read more
Microsoft co-founder Bill Gates and Reserve Bank of India (RBI) Governor Shaktikanta Das met in Maharashtra’s capital city Mumbai on 28 February. AN official statement by RBI informed that Gates held ‘wide-ranging; discussion with Das on Tuesday. Bill Gates had in his blog “Gates Notes” has recently said that India gives hope for the future … Read more