Author: neeti.joshi

On 16th March 2024 India recorded more than 700 Covid-19 cases for the first time in more than four months. The current number of active cases has reached to 4,623, as highlighted in the data updated by the Union Health Ministry of India.  On 12th of November 2022 the country had reported 734 cases as reported by media sources. Recently there has been an upward trend in number of cases with a total of 754 new coronavirus cases reported in a span of 24 hours, while the death toll has increased to 5,30,790 with one fatality reported by Karnataka. The…

Sensex, Nifty Sensex and nifty recorded losses for 5 days straight on Wednesday. For the first time in 5 months, Nifty closed below the 17,000 mark. The NSE fell by 71.15 points, 0.4%, to close at 16,972.15. BSE’s Sensex decreased by 344.29 points, or 0.6%, and closed at approximately 57,555.90. Both the indices went between gains and losses during the trading session.  In the large-cap stocks on Sensex, Bharti Airtel was the top loser down by 2% followed by IndusInd Bank, Reliance Industries, Hindustan Unilever, HDFC Bank, and SBI with a downside between 1.5% to 1.9%. Reliance Industries, -1.7%, Hindustan…

New Delhi: The Wholesale Price Index (WPI) declined to 3.85 per cent for the month of February as per the press notice released by The Ministry of Commerce and Industry on Tuesday. The inflation rate for the same was at 4.73 per cent in January, 4.95 per cent in December 2022 and a high of 13.43 per cent in February 2022. In May of 2022 Inflation in India’s wholesale prices hit a fresh record high of 15.88%, causing severe financial troubles to the local Kirana stores owners and indirectly to the consumers. A report by a news agency suggested that…

As per government data released by The Ministry of Statistics and Programme Implementation on Monday, retail inflation rate around the country has dipped marginally to 6.44 per cent in the month of February. The main reason for the dip is the slight easing in prices of food and fuel items. The Consumer Price Index (CPI) based inflation was about 6.52 per cent in the month of January while 6.07 per cent in February 2022. The inflation rate for the food basket was 5.95 per cent in February which was 0.05 per cent lower than in January. Retail inflation in the month…

The former prime minister of Pakistan Imran Khan who is also the chairman of the political party – Pakistan Tehreek-e-Insaf (PTI), on 12th of March suggested that he has a contingency plan in case he gets arrested. According to media sources, he did not share “the plan” and stated that it would be shared with the public at the right time. This announcement came after his party’s election rally in Lahore got postponed. Precisely, the PTI chief Khan said, “In case I am arrested, we have a plan ready which will be shared with the nation when the time is…

On Friday, Silicon Valley Bank (SVB) was closed by Californian regulators and sent into receivership by The  Federal Deposit Insurance Corp. (FDIC) is named as the receiver by the California Department of Financial Protection and Innovation. SVB’s problems began after its parent company,  SVB Financial Group, announced the selling of $21 billion worth of securities from its portfolio and holding a $2.25 billion share sale. This came after a high number of deposit outflows at the bank due to a downturn in the startup industry, as per analysts. SVB’s share prices plunged 60% on Thursday and its bonds recorded all-time high declines. SVB’s…

Recently the director of the FBI(Federal Bureau of Investigation), Christopher Wray, commented about the origins of the infamous COVID-19 (SARS-CoV-2) virus that caused a pandemic around the globe killing millions of people and sending the world into lockdown.   It is widely believed that the COVID-19 virus originated in Wuhan, China, in late 2019. However, it is important to note that the origin of the virus is still being investigated by the scientific community, and the exact source and pathway of transmission have not been definitively established.  ’The Bureau has assessed that the origins of the COVID-19 pandemic likely originated from…

The Canada government on Tuesday decided to join the US and EU in banning TikTok from being installed or operated on all government-issued devices. “I suspect that as government takes the significant step of telling all federal employees that they can no longer use TikTok on their work phones, many Canadians from business to private individuals will reflect on the security of their own data and perhaps make choices,” said Justin Trudeau, the Canadian prime minister. Previously, The White House on Monday had ordered its federal agencies to ban the Chinese app TikTok from all government devices. A deadline of…

The European Union and United Kingdom have signed a new agreement regarding trade that intends to solve one of the most problematic challenges created by Brexit. The agreement will create a long-term resolution for the trading status of Northern Ireland. British Prime Minister Rishi Sunak reached a deal with European Commission President Ursula von der Leyen on Monday that will now allow goods to enter Northern freely from other parts of the U.K. ABOUT IRELAND’S TRADE Ireland is a member of the European Union, which means that it is part of the EU’s single market and customs union. This allows for the…

Jordan hosted a meeting between the Israeli and Palestinian officials following the  surge in deadly violence in the occupied West Bank.  As per a news media source officials of both Israel and Palestine have taken an oath to de-escalate the violence. In the statement issued by them, Israel said it would halt discussions about new settlement units in the occupied West Bank for a period of four months. The main aim of the talks was to eventually arrive at an agreement. “The objective is to reach an agreement on stopping all unilateral measures with a view to achieving a period…