Category: Quick Shorts
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Unleashing the Ripple Effect: How Paytm’s Crisis Reshapes India’s Digital Payments Landscape
The recent restrictions imposed by the Reserve Bank of India (RBI) on Paytm Payments Bank (Paytm PB) have triggered a ripple effect in the digital payments landscape, prompting competitors to intensify their efforts to attract merchants and users. With the…
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India’s Stance in UN Plastics Treaty Raises Concerns
India’s submissions to the UN Plastics Treaty negotiations prioritize economic interests over environmental sustainability. Emphasizing perceived conflicts with World Trade Organization rules, India risks overshadowing the urgent need for effective measures to combat plastic pollution. The country’s massive petrochemical industry…
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Wage hike refused by LIC employee unions
The employees’ union of LIC has rejected the government’s offer of a 14% wage hike, demanding at least a 25% increase. Citing the company’s strong financial performance, All india national life insurance employees federation (AINLIEF) along with other unions of…
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India’s Petroleum Exports to Europe Plummet Amid Red Sea Crisis
In January 2024, India experienced a significant decrease in its petroleum product exports to Europe, reaching an 18-month low. This decline was primarily due to security concerns in the Red Sea region, leading tankers to avoid the Suez Canal route.…
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Electoral Bond Scheme Declared Unconstitutional by Supreme Court of India
The Supreme Court of India has declared the electoral bond scheme introduced by the government as unconstitutional, arbitrary, and violative of Article 14 of the Indian Constitution. The scheme allowed corporations and individuals to anonymously donate money to political parties…
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Japan loses crown as world’s third-largest economy after it slips into recession
Japan has slipped from being the world’s third-largest economy to the fourth, behind Germany, due to a combination of factors including a weak yen, an aging population, and economic challenges. Despite a 1.9% growth in 2023, Japan’s nominal GDP stood…
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Reliance in talk for stake in Tata Play
Mukesh Ambani’s Reliance Industries is reportedly in talks to acquire a 29.8% stake in Tata Play from Walt Disney, aiming to strengthen its position in India’s TV distribution sector. Tata Sons holds the majority stake in the satellite broadcaster, and…
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Economic Model Predicts Recession in 2024 with 85% probability
Economist David Rosenberg’s newly highlighted economic model suggests that the US economy is likely to face a recession in 2024. Known as the “full model,” it indicates an 85% chance of a recession within the next 12 months, marking its…
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Britain’s Wage Dilemma: Balancing Growth and Inflation in the Face of Economic Uncertainty
Towards the end of 2023, wages (excluding bonuses) increased by 6.2% in Britain. Despite the concerns of the economy entering a shallow recession, this is only a slight decline from 6.7% growth in the previous quarter. It can be attributed…
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Walmart eying big on India
Walmart has sourced $30 billion worth of products from India over two decades and aims to reach an annual target of $10 billion by 2027, as revealed by Andrea Albright, EVP – Sourcing. The company’s two-day mega sellers’ growth summit…