UPSC News | Economy

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Patent filings credit Bharat Biotech as ‘inventor’ of Covaxin, omit ICMR

In Rajya Sabha, Health Ministry had claimed that intellectual property over Covaxin is “jointly owned” by ICMR and Bharat Biotech [...]

Why the European Commission imposed provisional anti-dumping duties on Indian optical fiber cable makers: Explained

The European Commission’s Directorate General for Trade imposed anti-dumping duty in the range of 8.7% to 11.4% on Indian optical fiber cable manufacturers [...]

ULIPs should not be advertised as 'investment products': IRDAI

Insurers will have to specifically state that market-linked insurance plans are different from traditional endowment policies and carry risks [...]

Indians' funds in Swiss banks plunge 70% to hit four-year low of ₹9,771 crore

These are official figures reported by banks to the Swiss National Bank (SNB) and do not indicate the quantum of the much-debated alleged black money held by Indians in Switzerland. [...]

India, Cambodia discuss investment treaty, UPI collaboration to promote trade, tourism

Both sides deliberated upon diversification of the trade basket by identifying new products, bilateral investment treaty, recognition of Indian pharmacopoeia and collaboration in the pharma sector. [...]

Financial Intelligence Unit imposes ₹18.82 crore penalty on crypto exchange Binance for violating anti-money-laundering regulations

KuCoin had registered with FIU in March but faced a smaller penalty amount of ₹34.5 lakh. [...]

Tata Motors to hike prices of commercial vehicles by up to 2% from July 1

Tata Motors to increase prices of commercial vehicles by up to 2% from July 1, 2024 due to rising commodity prices [...]

Air India to launch premium economy class on select domestic routes from July

The Tata Group-owned airline said it has refitted two new A320neo aircraft in a three-class configuration, featuring eight seats in business, 24 seats with extra legroom in premium economy, and 132 in the economy category [...]

Macawber Beekay to establish three Green Coal projects for NTPC

NTPC is expected to get over 800 tonnes of Green Coal per day collectively from the four projects [...]

Bihar demands additional assistance, airs grievances of pending dues in pre-Budget meeting

Samrat Choudhary notes that the implementation of MGNREGA has been affected due to inadequate allocation of funds [...]

GST council has decided to mandate biometric-based Aadhaar authentication for all GST registrations: Finance Minister

The Council has decided to exempt services provided by the Indian Railways to the common man such as waiting room, cloak room and so on, from GST [...]

States seek improvements in 50-year interest-free loan scheme

Finance Minister Nirmala Sitharaman assures that States’ ideas and inputs for Union Budget 2024-25 will get “due consideration” [...]

Global textile industry concerned about continuing weak demand

The survey conducted in the second half of May shows that most companies pointed to weak demand as the main concern [...]

Government imposes stock limits on tur, chana dal to curb hoardings

The order will be applicable till September and is meant to control prices [...]

India business activity grew faster in June, job creation at 18-year high, PMI shows

HSBC’s flash India Composite Purchasing Managers’ Index , compiled by S&P Global, rose to 60.9 in June from last month’s final reading of 60.5 [...]

India Inc seeks tax relief for middle class, MSMEs

Industry leaders propose income tax relief, GST restructuring, and measures to promote exports in pre-Budget consultations with FM Nirmala Sitharaman. [...]

Indians' funds in Swiss banks plunge 70% to hit four-year low of ₹9,771 crore

These are official figures reported by banks to the Swiss National Bank (SNB) and do not indicate the quantum of the much-debated alleged black money held by Indians in Switzerland. [...]

A vote for constitutional values

Modi government’s actions belittling constitutional values opened up space for opposition parties to revive the struggle to protect the Constitution. [...]

The RSS sends a message 

Sangh Parivar’s comments on party strategy and leadership qualities hint at a change in power balance within the BJP and in its equation with the RSS. [...]

The heat will kill the economy. But it will kill us first

India’s heatwave is a wake-up call for climate action and economic resilience. But what’s the government actually doing about it? [...]

Unrest in Jiribam deepens divides between Meitei and Kuki-Zo in Manipur

As violence engulfs all communities, the region plunges deeper into crisis with no resolution on the horizon, shattering hopes for peace, stability. [...]

Engineer Rashid’s defiant victory a turning point for Kashmir’s democratic future

Abdul Rashid Sheikh’s electoral win in Baramulla, while in jail, against National Conference’s Omar Abdullah, indicates a shift in voter sentiment. [...]

Why Kenya plans to kill a million Indian crows

The invasive species feasts on local wildlife, snatches food from tourists, attacks chicks in poultry farms, and poses bird strike hazard at airports. [...]

Drug peddlers target vulnerable children in Delhi slums

Poverty, police apathy, and predatory dealers trap poor children as young as 8 in a cycle of substance abuse. [...]

World Economic Forum’s Gender Gap Report shows 134-year wait for parity

Global gender parity stands at 68.5 per cent, and at current rates, full parity is not expected until 2158. India ranks third-lowest in Southern Asia. [...]

Maharashtra: All sides get ready for a bigger battle

The Lok Sabha election results have shaken the ruling NDA and given the opposition MVA a distinct advantage in the Assembly election later this year. [...]

Is it the end of the road for the Akali Dal?

Even as Punjab itself is in a deep political churn, the Shiromani Akali Dal is yet to reinvent itself after the breakdown of its alliance with BJP. [...]

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