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Archive for January, 2024

IMF raises India’s growth forecast to 6.7% for FY24

Tuesday, January 30, 2024 22:15

The IMF has raised India's growth projections to 6.5% for the next financial year and 6.7% for the current fiscal year. The government's projections are higher. IMF chief economist, Pierre-Olivier Gourinchas, attributed the upward revision to strong growth driven by a spending push. The WEO highlighted the resilience in domestic ...

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At over 90k, patent filings highest in 2 decades

Tuesday, January 30, 2024 21:45

India has witnessed a surge in innovation, with an average of 247 patents filed per day in 2023, the highest in the last two decades, according to a report by SBI Research and the Indian Patent Office. Patent filings increased by 17% to 90,309 in 2023, and the average patent ...

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Foggy & frigid: Delhi experienced its coldest Jan days in 21 years

Tuesday, January 30, 2024 21:42

With most days bitterly chilly and sunless due to fog this month, Delhi experienced its coldest Jan in 21 years in terms of day temperatures. The mean maximum temperature during the month at Safdarjung was 17.9 degrees Celsius, the same as in 2015 and the lowest since 2003.This was only ...

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Sebi to review norms for penalty disclosure

Tuesday, January 30, 2024 21:31

Sebi, is reviewing a requirement for listed companies to disclose all penalties imposed by authorities, regardless of the amount, which has increased compliance burden. Previously, companies had discretion in disclosing fines. Critics argue that reporting even insignificant penalties, such as those representing a tiny fraction of a company's market capitalization, ...

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Hills set for 1st snow spell, rain in plains

Tuesday, January 30, 2024 21:29

After a freakishly dry winter so far, the northern hill states are likely to get their first major spell of snowfall, and the plains of north India much-needed rain, with two back-to-back western disturbances set to impact the region over the next six days or so. The India Meteorological Department ...

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Companies gear up for litigation on GST anti-profiteering clause

Tuesday, January 30, 2024 21:25

Companies challenge NAA's methodology, seek remedy in GST Appellate Tribunal. Complexity arises due to lack of clear methodology for individual calculations. FMCG argues increased costs during GST introduction. Furniture companies cite higher import costs. Auto companies mention minimal cost reduction. Court's order poses challenge for GST Council. Slab merger and ...

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Maoists kill 3 jawans near new Bastar police camp

Tuesday, January 30, 2024 21:22

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Non-believing non-Hindus can’t enter TN temples: HC

Tuesday, January 30, 2024 21:13

A temple is not a tourist or picnic spot, Madras high court said Tuesday, and directed Tamil Nadu's Hindu religious and charitable endowments department to install boards at all shrines in the state mentioning that "non-Hindus are not allowed inside the temple beyond the kodimaram (flagpole)"

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Noted Punjab educationist nominated to Rajya Sabha

Tuesday, January 30, 2024 21:07

President Droupadi Murmu nominated educationist Satnam Singh Sandhu as a Rajya Sabha member, filling one of the two vacant seats under the nomination category for over 20 months. Sandhu, founder-chancellor of Chandigarh University, expressed gratitude to PM Narendra Modi and pledged to work towards strengthening efforts for 'Viksit Bharat' by ...

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BJP wins Chandigarh mayor poll as 8 INDIA votes invalidated

Tuesday, January 30, 2024 21:01

In a setback to INDIA bloc, AAP-Congress candidate Kuldeep Singh, who seemed comfortably placed, was defeated by BJP's nominee, Manoj Sonkar, in the Chandigarh mayoral election here on Tuesday. The result followed eight votes being declared invalid by presiding officer Anil Masih, a nominated councillor who's also a BJP worker.

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