Monthly Archives: January 2023

INVESTMENT OF $2,614 MILLION ON PE-VC FIRMS

Private Equity and Venture Capital (PE-VC) firms invested $2,614 million across 65 deals in Tamil Nadu-based companies in 2022. Of this 45 firms are headquartered in She state while the remaining 20 now have their base overseas but were headquartered here at some point and also have a substantial part …

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SC JUDGEMENT ON 2016 DEMONETISATION PROCESS

A majority of four judges on a Constitution Bench of the Supreme Court on Monday found no flaw in the Union government’s process to demonetise ₹500 and ₹1,000 banknotes through a Gazette notification issued on November 8, 2016. The sole woman judge on the five-member Bench, Justice B.V. Nagarathna, however, …

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SAME-SEX MARRIAGES

A recent statement by a Member of Parliament that same-sex marriages are against the (so-called) cultural ethos of India has once again stirred up the debate on marriage equality. This is amidst a petition for marriage rights of same-sex couples (under the Special Marriage Act, 1954) pending before the Supreme …

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‘FOE TRADE’ AND AN AGGRESSIVE CHINA

The year 2022 can perhaps be best summarised by a quote by Vladimir Lenin: ‘There are decades where nothing happens; and there are weeks where decades happen.’ The year began with the ostensible vanquishing of the COVID-19 pandemic, thanks to the remarkable collective vaccination efforts of science, business and governments …

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CORE SECTOR OUTPUT RISES 5.4%

The output growth of India’s eight core sectors rebounded to 5.4% in November from a revised estimate of a 0.9% uptick in October, the slowest in 20 months. This was despite the fact that overall production levels in November 2022 remained the same as in the previous month. The recovery …

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INDIAN PHARMA SECTOR AND ISSUES

December 2021 and December 2022 could not have been more contrasting for India’s pharmaceutical industry. Last year, it was hailed for developing vaccines that inoculated billions against the coronavirus and underlined its moniker as the ‘pharmacy of the world’. This year, two Indian drug-manufacturing firms stand accused by two countries …

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BEHAVIOURAL CHANGE IN BUTTERFLIES

In a five-year study, scientists of the National Centre for Biological Sciences (NCBS) in Bengaluru have discovered secrets of a long evolutionary game through which butterflies come to warn, fool, and escape their predators using traits such as wing colour patterns and even flight behaviour. The study conducted by Ph.D. …

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PROBLEM OF BAD LOANS IN INDIA

In December 2022, Finance Minister Nirmala Sitharaman told Parliament that banks had written off bad loans worth ₹10,09,511 crore during the last five financial years. A National Asset Reconstruction Company Ltd. (NARCL) was announced in the Union Budget for 2021-2022 to resolve stressed loans amounting to about ₹2 lakh crore …

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THE DANGER OF DEEPFAKES

What are deepfakes? Deepfakes are digital media – video, audio, and images edited and manipulated using Artificial Intelligence. It is basically hyper-realistic digital falsification. Deepfakes are created to inflict harm on individuals and institutions. Access to commodity cloud computing, public research AI algorithms, and abundant data and availability of vast …

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