The India-China skirmish on the Arunachal Pradesh border has brought the Chinese threat on the front burner again. This has made External Affairs Minister S. Jaishankar accept that to counter this threat, “…we have a deployment of the Indian Army… that we have never had.” The threat had never decreased, …
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BIODIVERSITY RICHNESS OF KERALA’S CAPITAL
An invertebrate survey undertaken in the Thiruvananthapuram Wildlife Division has reaffirmed the relevance of the region as a biodiversity hotspot. The four-day exercise to survey the invertebrates of Neyyar and Peppara wildlife sanctuaries and the Agasthyavanam Biological Park with emphasis on arachnids was jointly conducted by the Forest Department and …
Read More »‘SMART’ PROGRAM FOR AYURVEDA PROFESSIONALS
The National Commission for Indian System of Medicine (NCISM) and the Central Council for Research in Ayurvedic Sciences (CCRAS), the two prominent institutions under the Ministry of Ayush, Government of India for regulating medical education and conducting scientific research respectively, have launched ‘SMART’ (Scope for Mainstreaming Ayurveda Research in Teaching …
Read More »A NEW CORONAVIRUS VARIANT ON THE BLOCK
India’s first case of the XBB.1.5 subvariant of Omicron was confirmed in Gujarat by the national genome sequencing consortium on December 31. XBB.1.5 has been driving COVID-19 cases in the U.S. Studies of the strain indicate that it is highly transmissible and evades pre-existing immunity. Yet it doesn’t seem to …
Read More »GLOBAL ECONOMY IN 2023
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth, the United States, Europe and China, all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be “tougher than …
Read More »GST BUOYANCY
At almost ₹1.5 lakh crore, Goods and Services Tax (GST) inflows in December 2022 signal a recovery of sorts from November, when revenues fell to a three-month low. November 2022 revenues were 10.9% higher than a year ago, but still marked the slowest growth since June 2021. December’s revenues were …
Read More »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 …
Read More »‘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 …
Read More »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 …
Read More »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 …
Read More »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. …
Read More »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 …
Read More »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 …
Read More »UNEMPLOYMENT RATE RISES TO 8.3%
India’s unemployment rate rose to 8.3% in December, the highest in 16 months, from 8% in the previous month, data from the Centre for Monitoring Indian Economy (CMIE) showed on Sunday. The urban unemployment rate rose to 10.09% in December from 8.96% in the previous month, while the rural unemployment …
Read More »GREAT WHITE PELICAN
A lone Great White Pelican was spotted for a few fleeting moments at the Nelapattu Bird Sanctuary, located at the end of the Pulicat lake in Andhra Pradesh, on December 29. The sighting was documented by K.V.R.K. Thirunaranan, founder of The Nature Trust, and K. Hussainaiah, bird watcher and guide …
Read More »CURRENT ACCOUNT DEFICIT
India’s current account balance recorded a deficit of $36.4 billion (or a nine-year high of 4.4% of GDP) in the quarter ended September, rising from $18.2 billion (2.2%) in the previous quarter. Deficit for the year-earlier period came in at $9.7 billion (1.3%), according to data released by the Reserve …
Read More »COMBATING CYBER-FRAUD
Bank and cyber frauds in India are on the rise. According to data by the Reserve Bank of India, frauds have cost the country an estimated ₹100 crore a day over the last seven years. The frauds reported in 2021-22 were 23.69% higher than in the previous year (9,103 cases …
Read More »STATE TO SPEND OVER ₹50 CRORE ON FOREST FORCE MODERNISATION
The State government has given administrative sanction for ₹52.83 crore towards the modernisation of the Tamil Nadu Forest Force for 2022-25. In the revised Budget Estimates (2021-22), the government had announced that special attention will be given to the forest force by providing it with modern equipment and technology, including …
Read More »EMERGENCY LANDING RUNWAY FACILITY ON NH 16
Four Air Force aircraft — Sukhoi and Tejas combat jets and one AN-32 transport aircraft — on Thursday flew at a height of about 5 metres on the 4.1-km emergency landing runway (ELR) on the National Highway 16 at Pichukalagudipadu village in Bapatla district of Andhra Pradesh. However, the aircraft …
Read More »‘MAKE IN INDIA’ INITIATIVE AND ‘FDI
Despite the Centre’s high-octane push for manufacturing through the ‘Make in India’ initiative, foreign investors continue to chase bets in the services sector, India Ratings and Research said on Wednesday. It also said a bulk of the foreign direct investment (FDI) in manufacturing was not greenfield or fresh investments. “Despite …
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