Author: Ishika.Dhabuwala

The government employees witness a hike in the Dearness Allowances, DA. The Dearness Allowance is revised twice in a year periodically.  Introduction DA or the Dearness Allowance is provided to the employees working in either of the government sector or the Private sector. It is provided to compensate for the rising prises in the economy, and to cover up the gap of inflation. Since it is  It is calculated in percentage on the basis of the basic salary of an individual, and is usually adjusted periodically twice in a year. Since, the dearness allowance is linked directly to the cost…

The announcement has been made by India to put certain restrictions and limitations on the imports of laptops, computers and tablets.  What led to this decision? The government of India took this course of action to stimulate domestic manufacturing, decreasing the level of dependency, as well as for the reasons of security concerns. With this, resides the intention of reduction in the supplies from China, as the government shows concern of security and safety risks that come along with purchase of such products.  Motives of the Indian Govrnment behind the new law Between April and June 2024, the imports of…

The main administrator of the capital market, SEBI has cancelled the registration of MMTC, as a stock broker. MMTC ia considered as India’s largest international trading company also known as a trading giant. It is also one of the major trading companies in all over Asia. It is a Government owning enterprise, with holding an ownership of 99 percent of the stake in paid up share capital.  Why was this action taken by SEBI ? The SEBI, Securities and Exchange board of India, took the action of cancelling after finding out the MMTC’s involvement in illegal action of “paired contracts”…

As per the records of July, the imports of edible oil in India has rose to near figures of 1.76 million metric tonnes. This is because of the uncertainty of the supplies from the Black Sea, refiners have built up stocks for the upcoming festivals. The six countries, share coastline with the Black Sea. In the clockwise order, these include, Ukraine, Russia, Georgia, Turkey, Bulgaria and Romania. The importance of Black Sea region is significant, as the Western countries of the sea depend heavily on these Eastern countries for oil and energy.  Summary in figures The average monthly edible oil…

Coal India has recorded a rise in the coal production of 13.4% year-on-year, at about 53.6 million tonnes, in July 2024.  The Coal India Limited walks on the principle and objective of protecting the nature, through integrated planning and implementation, preventing the pollution, conserving the natural resources and ultimately, promoting the sustainable development, by using safe and eco-friendly measures, for production of coal, effectively and efficiently The Progress of Coal Production The Coal India Limited (CIL), informed that this production was up by 6 million tonnes, comparatively from the output of the last year, July 2022, which stood at 47.3…

Foxconn is a Taiwanese international company , a multinational electronics contract producer, and the world’s largest technology manufacturer and a service producer.  It manufactures products for major companies based in Japan, American, Canadian, Chinese and Finnish. Some notable products manufactured by Foxconn Technology consist, Nintendo, iPad, iPhone, iPod, BlackBerry, and Kindle. Even though the company is headquartered in Taiwan, the majority of its revenue are earned from the Chinese units. As of records of 2012, about 40% of the worldwide sold consumer electronics, has been manufactured by the Foxconn factories. Not to mention it is a key supplier of the…

The three main retail oil companies of India which are state-owned, include Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL). Introduction to Oil and Petroleum comapnies In June, the government of India had asked the Indian Oil Corporation Limited (IOC) and Bharat Petroleum Corporation Limited (BPCL), to launch the rights issue, meanwhile, Hindustan Petroleum Corporation Limited (HPCL), was asked to issue preferential shares allotment to the government.  Preferential shares term denotes the procedure of allotting the fresh shares in bulk to a specific group or a group of investors. Five years after the exile…

Micron technology is a semiconductor company, and a global leader of the industry initially based in America. It has currently settled in 17 worldwide locations, with 11 manufacturing sites and 15 customer labs. Thes locations include, USA in the American continent, China, Japan, India, Korea, Malaysia, Singapore and Taiwan in the Asian continent, France, Germany and Italy in the European continent. Taking a glance at the achievements, Micron bagged the award for the Best Technology award in 2022, Data Engeneering Transformation in 2024, and was also recognised under the global 500 strongest and most valuable brands, 2024.  The Semiconductor Conference…

In many parts of India, in the present times, the prices of petrol and diesel have been hovering over the mark of Rs 100 per litre. With the international price temporary rise and fall changes, the oil marketing companies are now compensating for their losses.  Introduction Even after so, experts and economists have a say that they do not expect the Centre to cut down the taxes on fuels, despite the fiscal space being available, and unfortunately, the consumers are expected to spend excessively on the fuels, bearing high prices. Therefore, such rise of prises have been prosing a threat and…

Pankaj Chaudhary, the union minister of State for Finance informed the Parliament, that more than Rs 1.12 lakh crore, of nearly 13 crore investors are stuck in various companies of Sahara India group.  Introduction to Sahara India group Taking a quick glance into the background of Sahara India Group, Or the Sahara India Pariwar, it is an Indian conglomerate, with its headquarters located at Lucknow, Uttar Pradesh. Sahara India is operating in various business sectors, such as finance, retail, e-commerce, Sahara life insurance, health care, real estate, housing and infrastructure, sports, entertainment, eductaion, hospital, artificial intelligence, electric vehicles (EV), cooperative…