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Sowrya consultancy
India’s Growing Income Inequality Worse Than British Rule

India’s Growing Income Inequality Worse Than British Rule

the liberalization of India's economy in 1991 marked the beginning of a significant shift. By the early 2000s, the top 1% controlled more than 15% of the national income. By the time Modi took office in 2014, this figure had crossed 20%, and by 2022-2023, it had soared to an unprecedented 22.6%. While India's GDP continues to grow at over 7% annually, this rapid economic expansion seems to exac...

May 25, 2024 / 03:01 PM IST
EPFO Simplifies EPF Death Claim Process

EPFO Simplifies EPF Death Claim Process

In a move aimed at providing timely financial assistance to the families of deceased EPF members, the Employees' Provident Fund Organisation (EPFO) has introduced a simplified process for claiming EPF benefits. This new rule, detailed in a circular released on May 17, 2024, addresses the difficulties faced by field offices in updating or rectifying Aadhaar details posthumously.

May 22, 2024 / 04:30 PM IST
SpiceJet Is Going To Ask Kalanithi Maran For A Refund Of 450 Crore

SpiceJet Is Going To Ask Kalanithi Maran For A Refund Of 450 Crore

In response to the Delhi High Court's ruling on May 17, SpiceJet will want a refund of Rs 450 crore from the Rs 730 crore it had previously paid to erstwhile promoter Kalanithi Maran and his company, KAL Airways.

May 22, 2024 / 10:58 AM IST
Uber Gets Aggregator License In Delhi, To Launch Uber Shuttle Premium Bus Scheme

Uber Gets Aggregator License In Delhi, To Launch Uber Shuttle Premium Bus Scheme

In a groundbreaking move, Uber has become the first ride-hailing platform to secure an aggregator license from the Delhi Transport Department to operate buses under the Delhi Premium Bus Scheme. This historic development marks a significant milestone in Uber's expansion into the public transportation sector, as Delhi becomes the first state to award such a license.

May 21, 2024 / 07:29 PM IST
Significance Of Election Expenditure In The Indian Election System

Significance Of Election Expenditure In The Indian Election System

All candidates and all political parties have to submit a clear statement of their poll expenditure within 90 days of the completion of the polling to the Election Commission of India (ECI).

May 19, 2024 / 08:48 AM IST
India Achieves Record Exports Of USD 778 Billion In 2023-24

India Achieves Record Exports Of USD 778 Billion In 2023-24

India has marked a historic achievement in its export sector, reaching a record high of USD 778 billion in the fiscal year 2023-24, as reportedly.  This figure represents a significant increase from the combined goods and services exports of USD 776.3 billion recorded in the previous fiscal year of 2022-23.

May 16, 2024 / 05:07 PM IST
Fuel Prices Remain Unchanged In Top Metro Cities

Fuel Prices Remain Unchanged In Top Metro Cities

Petrol prices have been remain unchanged in several Metro cities in India.

May 10, 2024 / 11:20 AM IST
Food Price Trends In April: Veg Costlier, Non-Veg Cheaper

Food Price Trends In April: Veg Costlier, Non-Veg Cheaper

According to the latest Crisil report, April witnessed notable shifts in the cost of home-cooked meals, particularly in the prices of vegetarian and non-vegetarian thalis. The report, part of Crisil's monthly "Roti Rice Rate" analysis, revealed contrasting trends between the two meal types.

May 9, 2024 / 07:32 PM IST
RBI’s Restrictions On Kotak Mahindra Bank: Implications For Credit Growth And Profitability

RBI’s Restrictions On Kotak Mahindra Bank: Implications For Credit Growth And Profitability

The Reserve Bank of India's (RBI) recent directive to Kotak Mahindra Bank has raised concerns about the lender's future credit growth and profitability, according to S&P Global Ratings. The central bank has barred the bank from onboarding new customers through online and mobile banking channels and issuing new credit cards, citing "serious deficiencies and non-compliances" and "continued fa...

May 1, 2024 / 10:03 AM IST
Tesla Lowers Car Prices in China by Almost $2,000 Following US Price Cuts

Tesla Lowers Car Prices in China by Almost $2,000 Following US Price Cuts

Tesla is battling declining sales and a growing pricing war for electric vehicles (EVs), especially against cheaper Chinese EVs. As a result, the company has slashed prices across the board by almost $2,000 in China, after price reductions in the US. The official website of Elon Musk's electric vehicle manufacturer revealed on Sunday that the beginning price of the updated Model 3 in China has ...

April 21, 2024 / 01:41 PM IST
Alert: People Posing As ‘Home Affairs’ Officials Looting Homes

Alert: People Posing As ‘Home Affairs’ Officials Looting Homes

The fake news is a group of people posing as government officials from the 'Department of Home Affairs' looting homes.

March 29, 2024 / 12:14 PM IST
Adani Ports Buys Gopalpur Port At ₹3,350 Crore In Odisha

Adani Ports Buys Gopalpur Port At ₹3,350 Crore In Odisha

As part of its deleveraging strategy with planned asset monetization, the Shapoorji Pallonji Group announced on Tuesday that it has sold its brownfield Gopalpur Port to Adani Ports and SEZ Ltd for an enterprise value of ₹ 3,350 crore. 

March 26, 2024 / 12:16 PM IST
Sony Fires 900 Employees Following Notice Of Declining PlayStation Sales

Sony Fires 900 Employees Following Notice Of Declining PlayStation Sales

Sony PlayStation said that it was letting go of 8% of its employees worldwide as the tech sector continues to see a wave of layoffs. Announcing the "sad news," Jim Ryan, the CEO of PlayStation, stated that 900 employees worldwide, including video game production companies, would be impacted by the cutbacks.

February 28, 2024 / 11:23 AM IST
CE20 Cryogenic Engine: ISRO Gets Milestone On Gaganyaan Mission

CE20 Cryogenic Engine: ISRO Gets Milestone On Gaganyaan Mission

It is known that India aimed for the Gaganyaan Mission in 2024–2025 and set up 'Bharatiya Antariksha Station' by 2035. ISRO will also send the first Indian to the Moon by 2040.

February 21, 2024 / 02:46 PM IST
PM Modi Will Unveil Several Projects Worth Rs 7,500 Crore

PM Modi Will Unveil Several Projects Worth Rs 7,500 Crore

During the visit, PM Modi will disburse Rs 1,500 per month under the Aahar Anudan Yojna to 2 lakh women beneficiaries.

February 11, 2024 / 08:54 AM IST