Tamil Nadu Chief Minister M. K. Stalin, Union Commerce Minister Piyush Goyal and Union Minister of State for Textiles Darshana Vikram Jardosh at the MoUs exchange for the first PM MITRA Park on March 22, 2023. | Photo Credit: The Hindu The story so far: On March 17, the government announced that seven mega textile […]
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The story so far: On March 10, banking regulators in the U.S. took control of the Silicon Valley Bank (SVB), which typically catered to start-ups, venture capitalists and tech firms, after it suffered a sudden collapse. Days earlier, the bank, headquartered in Santa Clara, California, had announced that it was facing a cash crunch, and […]
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An ailing child stands outside the Dr B. C. Roy Post Graduate Institute of Paediatric Sciences amid Adenovirus outbreak in Kolkata on March 9, 2023. | Photo Credit: PTI The story so far: On March 6, Chief Minister Mamata Banerjee informed the West Bengal Legislative Assembly that 19 children below the age of five years […]
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Indian crypto exchanges will now have to report any suspicious activity related to buying or selling of cryptocurrency to the Financial Intelligence Unit – India (FIU-IND). File | Photo Credit: Reuters The story so far: On March 7, to further tighten the loosely regulated crypto market, the Finance Ministry said that all virtual digital assets […]
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With thousands of stocks traded in stock markets around the world and their prices often moving in different directions, most observers assess a market’s general trajectory amid these individual price swings by looking at broader benchmark indices. | Photo Credit: Getty Images/iStockphoto The story so far: Following a report by U.S.-based Hindenburg Research levelling several […]
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The “real-time payment linkage” between India’s Unified Payments Interface and Singapore’s PayNow is an initiative to push a UPI-based payment ecosystem. Photo: Twitter/@MAS_sg The story so far: On February 21, India’s Unified Payments Interface (UPI) and Singapore’s PayNow were officially connected to allow for “real-time payment linkage”. Singapore is the first country with which cross-border […]
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The story so far: On February 14, Air India, now a Tata Sons-owned airline, announced having signed letters of intent with aerospace majors, Airbus and Boeing, to order a mix of new single-aisle and widebody aircraft. The airline is to acquire 210 A320 and A321 NEOs (140 A320s and 70 A321s) and 40 Airbus A350s […]
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The securities market in India is regulated by four key laws — The Companies Act, 2013, the Securities and Exchange Board of India Act, 1992 (SEBI Act), the Securities Contracts (Regulation) Act, 1956 (SCRA) and the Depositories Act, 1996. File | Photo Credit: Reuters The story so far: On February 10, the Supreme Court asked […]
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The crypto dilemma stems from concerns about the unregulated currency having a destabilising effect on the country. | Photo Credit: Getty Images/iStockphoto The story so far: The Investor Education and Protection Fund (IEPF) will launch an outreach programme soon to create awareness of cryptocurrencies and online gaming. The need for the outreach is based on […]
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Vegetable prices fell dramatically in November to bring inflation below 6%, but cereals and pulses’ price rise continue to accelerate. | Photo Credit: AFP The story so far: At this time last December, India’s economy was on the cusp of a fledgling recovery from the COVID-19 pandemic, though the Omicron variant posed fresh speed bumps […]
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