News Today: 16 November 2021 - Quick Reference

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16 November, 2021

News Today:

  1. The Union government has frontloaded devolution of revenue to states by doubling the November instalment to 95,082 crore, and has that states’ revenue shares is not affected by the recent cut in central excise on petrol and diesel as the hit will be taken by the Centre, finance minister Nirmala Sitharaman told them at a meeting on Monday. HT
  2. The Supreme Court turned down the Union government’s plea to transfer a clutch of cases relating to reassessment notices sent under the Income Tax Act from various high courts to the top court, observing that the Centre must stop this “practice of convenience”. HT
  3. After decades of operating around 60% of the city’s retail liquor shops, the Delhi administration will formally exit from the business permanently from Tuesday night, paving the way for new privately owned shops that aim to provide a better buying experience to consumers as a new excise regime kicks in from Wednesday. HT
  4. The Kartarpur Corridor, which opened in November 2019, has been closed since March 2020 due to the pandemic. With Punjab headed to polls early next year, the reopening of the corridor can yield political dividends. Indian Express
  5. The Environment Ministry will hold a meeting on Tuesday with officials of Delhi, Punjab, Haryana and Uttar Pradesh to review the steps taken to address air pollution. “The Minister [Bhupender Yadav] already had meetings with officials from the Central Pollution Control Board and will also have a meeting tomorrow [on Tuesday],” a spokesperson for the Ministry confirmed. Hindu


Hindi News: 

( so that you don’t miss out )

  1. देर-सबेर ही सही, भारत में क्रिप्टो करेंसी को शर्तों और नियमों के साथ मंजूरी मिल सकती है। ऐसा इसलिए क्योंकि भारतीय रिजर्व बैंक (RBI) ने 2 नवंबर को क्रिप्टो करेंसी कारोबार से जुड़े अहम लोगों के साथ मीटिंग की थी। इसके बाद केंद्र सरकार ने शनिवार को RBI और दूसरी एजेंसियों के साथ इस बारे में बैठक की है। Bhaskar
  2. असदुद्दीन ओवैसी की पार्टी ऑल इंडिया मजलिस ए इत्तेहादुल मुसलमीन (AIMIM) जल्द ही राजस्थान में भी एंट्री करेगी। औवैसी ने दिसंबर तक राजस्थान में संगठन तैयार करने की घोषणा की है। जयपुर दौरे पर आए पार्टी सुप्रीमो ओवैसी ने भास्कर से कहा- ‘यहां हम पार्टी को लॉन्च करेंगे। । Bhaskar

  3. पंजाब में ‘सुपर CM’ की तरह काम कर रहे प्रदेश कांग्रेस चीफ नवजोत सिद्धू ने मुख्यमंत्री चरणजीत चन्नी की सरकार को नया टास्क दिया है। उन्होंने कहा कि सरकार को हर महीने खजाने की स्थिति को सार्वजनिक करना चाहिए। भलाई स्कीमों पर जो फंड लगा रहे हैं, वह कमाई है या कर्जा, यह पंजाब को बताना चाहिए। Bhaskar


Relevant Google Trends Today

  1. Microcrystalline cellulose maker Sigachi Industries had a bumper listing on November 15 – way above analysts’ expectations and grey market premium. The stock opened with 252.8 percent premium at Rs 575 on the BSE against an issue price of Rs 163, making the biggest ever listing.
  2. The initial public offering of Tarsons Products, an Indian Labware company, received bids for 1.18 crore equity shares out of 1.08 crore up for grabs, subscribing 1.09 times on the debut day, November 15.
  3. Prime Minister Narendra Modi on Monday reached out to tribals, inaugurating the Birsa Munda museum in Ranchi as well as a slew of welfare schemes in Bhopal on what was the first-ever ‘Janjatiya Gaurav Divas’ or tribal pride day..
  4. Mobile payment platform Paytm operator One 97 Communications has finalised the basis of allotment on November 15. Investors can easily check their share allotment online either on the website of BSE or IPO Registrar.


Relevant Twitter Trends 

  1. #T20WorldCupFinal
  2. #WeStandWithSuriya
  3. Supreme Court calls Delhi’s air pollution a ‘crisis’
  4. The pursuit of fairer skin is fueling a dangerous drug dependence in India


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24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches