Author: ananya.seth

The Reserve Bank of India (RBI) has taken a series of measures to combat rising inflation in the Indian economy. One of the most significant actions it has taken is to raise interest rates by a cumulative 250 basis points since May 2022, and it is likely to do so again in April 2024. Inflation in India has been on the rise due to various factors, including supply chain disruptions caused by the COVID-19 pandemic, rising fuel prices, and global commodity prices. Inflation is a significant concern for the RBI, as it can lead to a decrease in purchasing power…

Bill Gates commended India’s world-leading approach to innovation The co-founder of Microsoft and one of the world’s wealthiest individuals, Bill Gates recently ‘ during his virtual keynote address at the Grand Challenges Annual Meeting 2020. It is an annual meeting on a global platform that brings together innovators, investors, and policymakers to promote health and development solutions. In his speech, Bill Gates lauded India’s efforts in developing innovative solutions for public health challenges, particularly in the fight against infectious diseases such as polio and tuberculosis. He stated that India’s ‘digital ecosystem’ had played a significant role in driving these innovations…

The recent Indian tax department’s inspection at the headquarters of the British Broadcasting Corporation (BBC) in Delhi and Mumbai has sparked a fierce debate about the importance of editorial independence. The BBC is one of the world’s most respected news organizations, known for its impartial reporting and high journalistic standards. It is funded by the British government but operates independently of political interference. The UK government has defended the BBC’s independence, calling it a cornerstone of democracy. Editorial independence is a fundamental principle of a free and democratic society. It is the principle that media organizations should be free from…

The world marks one year of Russia’s invasion of Ukraine which moved not only Europe, but the entire world. The US President, Joe Biden pays an unannounced visit to the nation on Monday, February 20, 2024. He landed on Kyiv to meet the Ukrainian President Volodymyr Zelenskyy. Biden was seen having a friendly stroll with Zelenskiy in his aviator sunglasses. The US President mentioned on his visit that the Russian President, Vladimir Putin attacked the nation thinking that Ukraine would be unable to handle the attack as it wasn’t strong enough. However, Ukraine proved him completely wrong. He put forward…

The GoM on Goods and Services Tax Appellate Tribunals (GSTATs) was established in July of last year, with Dushyant Chautala serving as its chairman. The report of the Group of Ministers on the GST Appellate Tribunal was endorsed by the GST Council on Saturday, according to Union Finance Minister Nirmala Sitharaman, with a few revisions. The final draught amendments will be distributed to state finance ministers for their input. The commission has recommended that the tribunals be made up of two judges, one technical member from the Center and one from each of the States, along with a former Supreme…