Author: Harleen Valechani

Germany continues to shrink in its second quarter, Europe’s largest and the world’s fourth-largest economy. Image Source: wirestock The Federal Statistical Office registered on 25th May that in the first quarter of 2024, from January to March, Germany’s GDP (Gross Domestic Product) contracted by 0.3%, following the contraction in the last quarter of 2022 by 0.5%. This economic condition defines a technical recession in the country. Recently, Germany encountered escalated energy prices as a consequence of the Russia-Ukraine war, which proved to be burdensome for general people and businesses. Although, Olaf Scholz, Chancellor of Germany, has earlier announced in a…

She passed away serenely at her residence in Kusnacht, located near Zurich in Switzerland, following an extended period of illness. Image Source: @tinaturner Tina Turner was an iconic singer, renowned for her famous hits and classics like What’s Love Got to do with it, Simple The Best, and many more engaging pop, rock, funk, and R&B blends. She had a powerful and extraordinary voice, which made her unique and loved in her way. Her career took off in the 1950s and has been unstoppable since then. She made it to the top in the 1960s, performing with her husband Ike…

The Kerala Story has achieved Rs200 Cr milestone, becoming the First Female dominant film to enter the club. The film was released in theatres on May 5, directed by Sudipto Sen and Adah Sharma playing the lead role. Besides her, Yogita Bihani, Siddhi Idnani, and Sonia Balani have also played critical roles. Since its release, the kerala story has been facing bans and controversies but is still standing strong and breaking records in 18 days. Though, many leading personalities and states in India have also backed the movie. Image Source: Twitter @adah_sharma About the movie The Kerala Story features the…

Adani Group’s market value increased by $9.7 billion to $122.9 billion as six of its stocks hit maximum price limits. Image Source: Twitter @gautam_adani The group experienced a significant surge in its shares on Monday, marking the largest increase since the release of the damning report by US-based short seller Hindenburg Research in January. Additionally, the combined market capitalization of all its listed entities surpassed the ₹10-lakh crore milestone. This upturn came after a panel appointed by the Supreme Court stated that it did not uncover any evidence of “regulatory failure” regarding accusations of price manipulation in group’s stocks and…

US Prez Joe Biden was inspired by PM Modi after learning how he manages large amount of crowds flawlessly. Image Source: TOI At the Quad (Quadrilateral Security Dialogue) Meeting, which was held on Saturday on the sidelines of the G-7 Summit in Japan, Prez Joe Biden approached PM Modi and explained how he is facing challenges with numerous requests from leading citizens asking him to be a part of PM Modi’s program. The Australian PM Anthony Albanese, who was also there, added to this, saying that he is unable to take in the requests of his citizens as well, as…

The film title and poster were released on the occasion of JrNTR’s birthday, creating excitement among fans. Image Source: Twitter @tarak9999 The title of Jr NTR’s next film, which used to be referred to as NTR 30, has been disclosed by the young Telugu actor as ‘’Devara’’. On Friday, the announcement was made in a first-look poster issued on Jr NTR’s birthday consisting of ‘happy birthday NTR’ wishes pouring from all over India. The film marks his reunion with director Koratala Siva, with whom he previously collaborated on the 2016 film ‘’Janatha Garage’’. Insights into the release The film will…

International Credit Card Transactions are now incorporated into RBI’s Liberalized Remittance Scheme, likely compounding income tax problems. Image Source: canva.com The imposition of a 20% TCS (Tax Collected at Source) on international credit card transactions has created a buzz in the business markets. Starting May 16, 2024, global credit card spending outside India will fall under the Liberalized Remittance Scheme (LRS). Also, effective from July 1, 2024, these transactions will attract a higher TCS rate of 20% making it expensive. The Central Government’s Ministry of Finance issued the revised regulations under FEMA (Foreign Exchange Management Act) to include international credit…