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THE INDIAN-MADE LCH ‘PRACHAND’

The Light Combat Helicopter (LCH) is the only attack helicopter in the world that can land and take off at an altitude of 5,000 metres (16,400 ft). The helicopter can fly at a maximum speed of 288 kmph and has a combat radius of 500 km, which can go up …

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GIG ECONOMY OF OUR COUNTRY

Moonlighting is a state where employees work for remuneration with entities other than their employers. It is not defined in any of the statutes in India. However, there are enactments that deal with double employment. Moonlighting is subject to law of the land. The sphere of employment cannot be extended …

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STRENGTHENING THE CSR FRAMEWORK IN INDIA

Ever since the establishment of the Corporate Social Responsibility (CSR) regime in India under Section 135 of the Companies Act 2013, CSR spending in India has risen from ₹10,065 crore in 2014-15 to ₹24,865 crore in 2020-21. But there is no data to verify whether this increase is commensurate with …

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ANNIE ERNAUX WINS LITERATURE NOBEL

French author Annie Ernaux, known for her deceptively simple novels drawing on personal experience of class and gender, was on Thursday awarded the Nobel Prize in Literature. Ernaux, 82, was honoured “for the courage and clinical acuity with which she uncovers the roots, estrangements and collective restraints of personal memory”, …

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WORLD BANK PARES INDIA FY23 GROWTH PROJECTION TO 6.5%

Indian economy’s expansion is expected to speed up to 7% in the next fiscal year, before settling back down to 6.1% in FY24-25 The World Bank has trimmed its estimate for India’s growth in the current fiscal year (FY22-23) to 6.5%, one percentage point lower than its previous projection in …

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COMMITTEE OF EXPERTS ON SUSTAINABLE FINANCE

A ‘Committee of Experts on Sustainable Finance’, constituted by International Financial Services Centres Authority (IFSCA) submitted its final report to Chairperson, IFSCA on October 03, 2022. The committee was chaired by Shri C.K. Mishra, Former Secretary to Government of India, Ministry of Environment, Forest & Climate Change. The committee members …

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INDIA -WORLD’S LARGEST PRODUCER AND CONSUMER OF SUGAR

In Sugar Season (Oct-Sep) 2021-22, a record of more than 5000 Lakh Metric Tons (LMT) sugarcane was produced in the country out of which about 3574 LMT of sugarcane was crushed by sugar mills to produce about 394 LMT of sugar (Sucrose). Out of this, 35 LMT sugar was diverted …

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QUALITY COUNCIL OF INDIA (QCI)

The Quality Council of India is set to celebrate its Silver Jubilee tomorrow at the Ambedkar International Centre in New Delhi with a special event intended to share India’s journey of growth, accelerated by the enhancement of quality. Stalwarts in policymaking, governance, and quality will come together on one platform …

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INSOLVENCY AND BANKRUPTCY CODE

On October 1, Union Finance Minister Nirmala Sitharaman said that the country could not afford to lose the “sheen” of its insolvency law, the Insolvency and Bankruptcy Code (IBC). The IBC was introduced in 2016 to consolidate previously available laws to create a time-bound mechanism with a creditor-in-control model as …

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SLOWDOWN OF GLOBAL TRADE GROWTH NEXT YEAR

The World Trade Organization (WTO) forecast a slowdown of global trade growth next year as sharply higher energy and food prices and rising interest rates curb import demand, and warned of a possible contraction if the war in Ukraine worsens. The trade body said on Wednesday that merchandise trade would …

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