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  • Indian Defence Minister Rajnath Singh celebrates Holi with soldiers in Leh

    Indian Defence Minister Rajnath Singh celebrates Holi with soldiers in Leh.
    Rajnath Singh celebrates Holi with soldiers in Leh. Photo Courtesy: Rajnath Singh X web page 

    Indian Defence Minister Rajnath Singh celebrated the Hindu competition of colors, Holi, with soldiers in Leh on Sunday (March 24, 2024).

    He was accompanied by Chief of the Army Staff, General Manoj Pande, and General Officer Commanding, Fire and Fury Corps, Lt Gen Rashim Bali.

    Addressing the soldiers, Singh counseled their valour, willpower and sacrifice as they serve in harsh terrain and inclement climate circumstances to guard the motherland.

    “The constructive dedication of the soldiers posted in excessive altitudes is far stronger than minus temperatures,” he mentioned.

    He termed Ladakh as India’s capital of valour & bravery, simply as Delhi is the nationwide capital, Mumbai is the monetary capital and Bengaluru is the know-how capital.

    “The whole nation feels secure as our courageous soldiers are defending the borders. We are progressing and main a contented life as our vigilant soldiers stand prepared on the borders. Every citizen is happy with the Armed Forces as they dwell distant from their households in order that we have a good time Holi and different festivals with our households peacefully. The nation will without end be indebted to our soldiers, and their braveness and sacrifices will maintain inspiring the long run generations,” Rajnath Singh mentioned.

    Singh asserted that he determined to have a good time Holi with the soldiers a day earlier than, as he believes that the festivals ought to first be celebrated by and with the protectors of the nation.

    He urged the Chiefs of the three Services to ascertain a brand new custom of starting the celebrations of the festivals with the soldiers a day earlier than.

    “Such celebrations with soldiers on the snowy peaks of Kargil, in the scorching plains of Rajasthan and in the submarines situated in the deep seas ought to turn out to be an integral a part of our tradition,” he mentioned.

    On the event, Rajnath Singh additionally laid a wreath on the War Memorial, Leh as a mark of solemn tribute to the bravehearts who’ve made the supreme sacrifice in the service of the nation.

    Later, Singh spoke with the soldiers posted in the world’s highest battlefield Siachen over cellphone and prolonged the Holi greetings.

    He instructed them that he’ll quickly go to Siachen and work together with them.

    Rajnath Singh was scheduled to go to Siachen and have a good time Holi with the troops there.

    However, as a consequence of antagonistic climate circumstances, there was a change in the programme and he celebrated the competition of colors with the soldiers in Leh.

  • Indian economist Geeta Batra named as first woman director of World Bank’s GEF

    Mumbai, Feb 25 (IANS) Geeta Batra, an Indian economist, has been named as the new Director at the Independent Evaluation Office of the World Bank’s Global Environment Facility (GEF), making her the first-ever woman from a developing country to hold the coveted post.

    Batra, 57, is currently the Chief Evaluator & Deputy Director for Evaluation at the GEF’s Independent Evaluation Office (IEO), affiliated to the World Bank.

    Her name was unanimously recommended for the coveted position at the 66th GEF Council Meeting held in Washington on February 9 and was announced last week.

    “My top priorities will be to deliver sound evaluative evidence on the results and performance of the GEF, provide leadership to ensure that the GEF IEO stays at the forefront of environmental evaluation and strengthen the IEO teams and invest in skills,” Batra told IANS from Virginia, US.

    She will also build partnerships with multilateral and bilateral agencies, foundations and networks, and share knowledge of what works, where and why.

    Born in New Delhi, Batra studied at the Villa Theresa High School (1984) in Mumbai, then completed her Economics from the Stella Maris College, Chennai (1984-1987), followed by an MBA in Finance from the NMIMS, Vile Parle (1990) in Mumbai.

    After her MBA, she was inspired by one of her professors, Harkant Mankad, to go to the US (August 1990) to pursue a PhD in Economics.

    Armed with a doctorate, she worked for a couple of years as Senior Manager, Risk, at American Express, before joining the World Bank’s Private Sector Development Department in 1998.

    Serving there for seven years till 2005, she implemented competitiveness projects in East Asia and Latin America.

    Subsequently, she took over as the Head & Chief Evaluator at the International Finance Corporation, for its advisory services portfolio, before moving to the World Bank’s IEG as Chief Evaluator and Manager for country and corporate thematic evaluations.

    In 2015, Batra joined the GEF’s IEO (established in July 2003) – which assesses the progress and impact of GEF interventions – where she manages a team of evaluation professionals, providing oversight on the design, implementation and quality of evaluations.

    Since the Rio Earth Summit (1992), the GEF has been one of the largest players in the environmental sector, providing around $24 billion in grants, plus marshalling an additional $138 billion in co-financing over 5,700 projects in 170 countries till 2020.

    Through the GEF’s Small Grants Programme (SGP) more than 20,000 grants were given to civil society and community-based organizations totalling over $1 billion.

    The GEF is a partnership for international cooperation with 183 countries working together with international institutions, private sector and civil society to address global environmental concerns.

    For the past over 23 years, developed and developing countries have provided funds to support activities pertaining to biodiversity, climate change, international waters, land degradation, chemicals and waste in the context of development projects and programs.

    Batra has co-authored books and articles, plus managed over 100 evaluations, and is “interested in development issues with a particular focus on promoting the use of feasible and practical approaches in monitoring and evaluation, to help achieve better outcomes”.

    She lives in Northern Virginia with her husband Prakash and their daughter Roshini.

    When she is not working, Batra loves the outdoors, goes hiking in national parks, reads historical biographies, besides tries out different types of mouth-watering cuisines.

    However, she confessed with a smile that her all-time favourite foods include India’s good old pav-bhaji, pani-puri- puri and chhole-bhature…

  • Indian School of Business Launches I-Venture Immersive (ivi) at the

    Indian School of Business Launches I-Venture Immersive (ivi) at the Startup MahakumbhIndia March twenty first, 2024:  The Indian School of Business (ISB) has lengthy fostered innovation and entrepreneurship, and is proud to announce the launch of a brand new programme, I-Venture Immersive (ivi), led by I-Venture @ ISB, at the Startup Mahakumbh in New Delhi.

    ivi is a world-class entrepreneurship programme designed for first-time entrepreneurs, the place imaginative and prescient meets enterprise in an experiential, intense, transformative, 6-month, full-time, on-campus expertise at ISB Hyderabad.

    As India’s entrepreneurial panorama prospers, there’s an anticipation of a surge of entrepreneurs, men and women, younger and previous, from massive and small cities, beginning up, creating jobs, and contributing to the financial system. But beginning up comes with its share of challenges and dangers. That’s why ISB is stepping in.

    The mission is to equip first-time entrepreneurs with the abilities and mindset wanted to thrive in immediately’s dynamic enterprise panorama. ivi is greater than an incubator, greater than a college. This is a secure place for entrepreneurs to check their concepts and construct a viable enterprise.

    This just isn’t an MBA programme. Students don’t have to take a CAT or GMAT examination and even want a university diploma. All they want is ardour to excel and clear up an issue with dedication and innovation.

    The programme delves right into a curriculum that, of course, covers the fundamentals—accounting, finance, advertising, negotiations, provide chain, AI, and Data Analysis—however will go method past the fundamentals with real-world case research taught by skilled practitioners.

    “We imagine that entrepreneurship is not only about beginning a enterprise; it’s about embracing a mindset of innovation and resilience,” mentioned Prof Bhagwan Chowdhry, Faculty Director, I-Venture @ ISB. “ivi just isn’t an strange programme; it’s a journey the place imaginative and prescient meets enterprise, and fervour meets objective.”

    At ivi, college students will interact with thought leaders and trade consultants and have the alternative to attach with ISB’s world alumni, high VCs, skilled founders, and esteemed school members.

    “We need to empower people from numerous backgrounds and experiences to pursue their entrepreneurial aspirations,” mentioned Saumya Kumar, Director, I-Venture @ ISB. “They don’t want a university diploma or prior enterprise expertise; all they want is a ardour for innovation and a willingness to embrace the challenges of entrepreneurship.”

    A cohort of 50 college students throughout disciplines, capabilities, and age and gender enters the programme, each 6 months.

    Admissions will open from May 2024. The programme payment is INR 8 lakhs, which incorporates on-campus keep. Scholarships can be found, and funding of as much as INR 40 lakhs will probably be given to groups who qualify after 6 months.

    ivi welcomes people from all walks of life to affix on this transformative journey of innovation and entrepreneurship.

  • New Delhi-Male officials discuss deployment of Indian personnel for aviation platforms during high-level core group meeting

    A file picture of Indian PM Narendra Modi meeting Maldives President Mohamed Muizzu.
    A file image of Indian PM Narendra Modi meeting Maldives President Mohamed Muizzu. Photo Courtesy: PIB

    India and Maldives officials on Sunday reviewed the continuing course of of changing Indian army personnel from the island nation.

    The challenge was mentioned during the third meeting of the India-Maldives High Level Core Group in Male.

    “During the meeting, each side reviewed the continuing deputation of Indian technical personnel to allow continued operation of Indian aviation platforms that present humanitarian and medvac providers to the individuals of Maldives,” learn an announcement issued by the Ministry of External Affairs.

    Both nations mentioned wide-ranging points associated to bilateral cooperation.

    “This inter alia, included expediting the implementation of ongoing improvement cooperation tasks via common convening of joint monitoring mechanisms, efforts to spice up bilateral commerce & funding and enhancing people-to-people linkages via capability constructing and journey,” the assertion stated.

    Both international locations agreed to carry the following meeting of the High-Level Core Group in New Delhi on a ‘mutually handy date’.;;

    Meanwhile, persevering with his anti-India stance, Maldives President Mohamed Muizzu has stated no Indian army personnel, not even these in civilian clothes, will stay in his nation after the May 10 deadline.

    Addressing the residential group of Baa atoll Eydhafushi during his tour throughout the atoll, the President said that attributable to this authorities’s success in expelling Indian troops from the nation, individuals who unfold false rumours try to twist the scenario, reported The Edition.

    “That these individuals [Indian military] will not be departing, that they’re returning after altering their uniforms into civilian clothes. We should not indulge such ideas that instill doubts in our hearts and unfold lies,” he stated.

    “There shall be no Indian troops within the nation come May 10. Not in uniform and never in civilian clothes. [The] Indian army won’t be residing on this nation in any type of clothes. I state this with confidence,” the President stated amid the deteriorating relationship with India in latest days.

    While the primary troops to depart the nation are the Indian army personnel working helicopters in Addu City, the army personnel current in Haa Dhaalu atoll Hanimaadhoo and Laamu atoll Kahdhoo are additionally anticipated to depart forward of May 10, reported The Edition.

    Currently, there are roughly 80 Indian army personnel stationed within the Maldives, media experiences stated.

    The President got here to energy final yr by using on his anti-Indian stance.

    Recent controversy

    Recently, Indians have expressed anger in opposition to Maldivian authorities on social media after its Minister Mariyam Shiuna’s disparaging feedback on Prime Minister Narendra Modi as a “clown” and “puppet” in posts on X, which have since been deleted.

    These tweets had been eliminated following criticism and backlash on the micro-blogging web site.

    Other Maldivian officials, together with one other minister named Zahid Rameez, additionally mocked Prime Minister Modi’s go to to Lakshadweep after the pictures garnered vital consideration on social media as many drew comparisons between Modi’s go to and the Maldives.

    Closeness to China

    Amid a strained relationship with India, the Maldivian authorities has signed a army settlement with China.

    Maldives Military of Defence posted on X: “Minister of Defence @mgmaumoon and Major General Zhang Baoqun, Deputy Director of the Office for International Military Cooperation of the People’s Republic of China, signed an settlement on China’s provision of army help free of charge to the Republic of Maldives, fostering stronger bilateral ties.”

    Details of the settlement are nonetheless not recognized.

  • CREDAI’s Roadmap to Viksit Bharat: Indian Real Estate’s Contribu

    CREDAI’s Roadmap to Viksit Bharat: Indian Real Estate’s Contribution to GDP Projected to be Dollars 5.17 Trillion by 2047Pune  18th March: The Confederation of Real Estate Developers’ Association of India (CREDAI) as we speak launched a report on Indian Real Estate’s contribution in the direction of Viksit Bharat at its annual convention Youth on organised by CREDAI’s Youth Wing – a number one trade platform designed to carry collectively the following technology of actual property builders with the goal of cultivating and mentoring them, fostering progress into proficient professionals, principled entrepreneurs, and genuine leaders inside the true property sector.

    Shri Hardeep Singh Puri, Hon’ble Minister for Housing and Urban Affairs & Petroleum and Natural Gas, Government of India, inaugurated the two-day convention alongside the CREDAI management workforce. The two-day convention featured varied periods aimed toward serving to delegates put together for the way forward for actual property.

    During the occasion, CREDAI launched a report “Building Viksit Bharat”-Transformative position of the true property sector in India. According to CREDAI, Indian Real Estate is certain to have a big influence on the Indian financial system – with the sector projected to attain $1.3 Trillion (13.8% of Projected GDP) by FY 2034 and $5.17 Trillion (17.5% of Projected GDP) by 2047.

    CREDAI, in its report, additionally outlined pertinent trade developments and insights that are certain to present a holistic view of the sector’s progress, whereas additionally giving route to the trade as an entire:

    • Current market measurement of Indian Real Estate stands at 24 lac crores, break up between Residential and Commercial within the ratio of 80% and 20% respectively.
    • Among the residential phase, 61% of present provide is above the price of Rs 45 lacs. The common house space can be growing at 11% on an annual foundation.
    • Over 28 crore Indian residents need to purchase a home, among the many 40-crore inhabitants that’s but to personal a home within the nation. CREDAI additionally initiatives that there shall be a 7-crore extra housing demand by 2030.
    • Reflecting the aspirational progress of Indian Homebuyers, over 87.4% of housing demand by 2030 is predicted to be of homes costing greater than 45 lacs.

    With the above findings, CREDAI re-emphasized the importance of Indian Real Estate to the general progress of the financial system and a number of the most vital macro-economic indicators together with Employment, Revenues for Government and Banking eco-system, and growing Per Capita Income. Coupled with the cascading influence of the sector that helps over 250+ industries straight and not directly, CREDAI’s projections present a definitive plan of action and visibility on the sector’s contribution to the nation’s growth in its mission to grow to be Viksit Bharat.

    CREDAI President Boman R Irani shares his ideas “Indian Real Estate as we speak stands at a particularly vital junction amidst India’s journey to grow to be a developed financial system by 2047. Due to its robust multiplier impact coupled with strong actual property demand – for each housing and business – the sector is certain to play a vital position in multiplying GDP worth and growing revenues, per capita incomes that may help additional progress as part of a self-sustaining cycle due to ever growing consumption. As India’s main actual property physique, we glance ahead to working intently with all stakeholders concerned to guarantee a seamless path in the direction of attaining our collective mission of changing into a completely developed financial system.”

    CREDAI Chairman Manoj Gaur shares his remarks “As the premier physique of Indian Real Estate, we really feel extraordinarily proud at what we’ve achieved as an trade – and are much more excited on the potential that this sector presently holds as the first financial engine of this nation. To obtain Viksit Bharat, Real Estate goes to be on the nucleus of progress which can be validated by the current sheer quantity that has coincided with robust QoQ GDP numbers. Moving ahead – actual property once more goes to play a pivotal position as India strives to multiply its financial system.”

    CREDAI President Elect Shekhar G Patel says “Currently, India is witnessing vital GDP progress regardless of international headwinds which is a testomony to our financial and sectoral resilience. The total actual property trade is extraordinarily excited to construct on this robust platform and re-emphasizes the significance of a facilitating eco-system that helps all involved stakeholders, for not simply the sustained and sustainable progress of the trade however the whole financial system. Through our findings, now we have devised a roadmap of Indian Real Estate’s contribution in the direction of Viksit Bharat as we collectively work in the direction of attaining the feat.”


    Mansi Praharaj

  • Lamitiye: Indian Army contingent departs for Seychelles to participate in joint military exercise

    Indian Army contingent departs for Seychelles to p[participate in a joint military exercise
    Indian Army contingent departs for Seychelles to p[participate in a joint military exercise. Photo Courtesy: PIB 

    An Indian Army contingent departed for Seychelles on Sunday (March 17, 2024) to participate in the tenth version of Joint Military Exercise “Lamitiye-2024” between the Indian Army and Seychelles Defence Forces (SDF).

    The Joint Exercise will likely be performed in Seychelles from 18-27 March 2024. ‘Lamitiye’ which means ‘Friendship’ in the Creole language is a biennial coaching occasion and has been performed in Seychelles since 2001.

    45 personnel every from the Gorkha Rifles of the Indian Army and Seychelles Defence Forces (SDF) will participate in the exercise.

    The exercise goals to improve interoperability in sub-conventional operations in semi-urban environments below Chapter VII of the United Nations Charter on Peacekeeping Operations.

    Importance of the exercise

    The exercise goals to improve cooperation and interoperability between either side throughout Peace Keeping Operations.

    The exercise goals to construct and promote bilateral military relations in addition to exchanging abilities, experiences and good practises between each armies.

    “Both sides will collectively practice, plan and execute a sequence of well-developed tactical drills for neutralisation of doubtless threats which may be encountered in Semi-Urban setting, whereas exploiting and showcasing new-generation gear and expertise,” learn a press release issued by the Indian authorities.

    The 10-day-long Joint Exercise will embody Field Training Exercise, fight discussions, lectures and demonstrations, which culminate with two days of Validation Exercise.

    “The exercise will contribute immensely to creating mutual understanding and enlarge jointness between the troops of each the Armies. The Exercise will even foster collaborative partnership and assist in sharing greatest practises between the 2 sides,” the assertion mentioned.

  • Date of counting of votes for Arunachal Pradesh, Sikkim changed to June 2 from June 4, says Indian poll authority  

    Vote counting in Arunachal Pradesh, Sikkim changed to June 2 from June 4
    The voters standing within the queue to solid their votes, at a polling sales space, through the seventh Phase of Indian General Elections-2019, at Village Saini Majra, Punjab on May 19, 2019. Photo Courtesy: PIB

    The Election Commission of India (ECI), the polling authority of the nation, on Sunday (March 17, 2024) amended the date of vote counting for Arunachal Pradesh and Sikkim Assembly elections from June 4 to June 2.

    On Saturday, the ECI had introduced the schedule of Legislative Assemblies of Arunachal Pradesh and Sikkim together with the schedule for the General Election to Lok Sabha-2024 and numerous State Legislative Assemblies.

    The date of polling in each Arunachal Pradesh and Sikkim is on April 19, 2024.

    According to the sooner schedule, the date of counting of votes for Assembly elections was additionally June 4, 2024.

    The time period of home of each the Legislative Assemblies of Arunachal Pradesh and Sikkim will expire on June 2, 2024.

    “In view of this, the Commission has determined to amend the next in respect of Schedule for General Election to State Legislative Assemblies of Arunachal Pradesh and Sikkim solely,” the Commission mentioned in an announcement.

    (*2*)

    “There shall be no change in respect of Schedule for Parliamentary Constituencies of Arunachal Pradesh and Sikkim,” it added.

    Arunachal Pradesh has 60 meeting constituencies, whereas the Sikkim Assembly has 32 constituencies.

    Lok Sabha elections to be held in seven phases

    India will vote in seven phases from April 19 to elect a brand new Parliament, the nation’s Chief Election Commissioner Rajiv Kumar introduced on Saturday (March 16, 2024).

    The counting of votes will happen on June 4.

    At least 96.8 crore (968 million) registered voters are anticipated to train their voting rights within the nation in 2024.

  • Indian movie icon Amitabh Bachchan dismisses reports of his angioplasty as ‘fake news’

    Bollywood legend Amitabh Bachchan has dismissed the media reports which on Friday claimed the veteran actor was hospitalised and underwent angioplasty.

    Bachchan, 81, was spotted attending Indian Street Premier League (ISPL) final match in Mumbai along with his actor son Abhishek Bachchan.
    Bollywood actor Amitabh Bachchan dismisses reports of his angioplasty ‘faux information’. Photo Courtesy: X/@SrBachchan

    Bachchan, 81, was noticed attending Indian Street Premier League (ISPL) last match in Mumbai together with his actor son Abhishek Bachchan.

    While he was leaving the stadium, a paparazzi had requested him about his well being to which Bachchan stated, “Fake information.”

    On the work entrance, Bachchan is busy capturing for Nag Ashwin’s Kalki 2898 AD.

    In 2023, Bachchan was injured through the capturing of Kalki 2898 AD. He was injured throughout an motion shot.

    Kalki, a fantasy drama, options actors Prabhas and Deepika Padukone within the lead.

  • Bhutan PM Dasho Tshering Tobgay meets Indian President Droupadi Murmu, latter says neighbours share close and unique relationship based on mutual trust

    Bhutan PM Dasho Tshering Tobgay meets President Droupadi Murmu.
    Bhutan PM Dasho Tshering Tobgay meets President Droupadi Murmu. Photo Courtesy: President of India X web page

    Indian President Droupadi Murmu stated India and Bhutan share a close and unique relationship, based on mutual trust, goodwill and understanding in any respect ranges.

    She made the feedback whereas assembly visiting Bhutanese PM Dasho Tshering Tobgay at Rashtrapati Bhavan.

    Welcoming the Bhutanese Prime Minister to India, the President appreciated the truth that he had chosen India as his first abroad go to after taking oath of workplace.

    She stated that the shared non secular heritage of Buddhism connects the 2 nations.

    Murmu highlighted that India deeply values its multifaceted partnership with Bhutan, spanning throughout sectors akin to power cooperation, improvement partnership, people-to-people relations, commerce and funding linkages.

    The President stated that Bhutan can depend on India as a dependable pal and associate.

    She added that India is privileged to associate with Bhutan in improvement cooperation sector, in direction of enhancing the socio-economic well-being and prosperity of the individuals of Bhutan.

    She underscored that India’s improvement partnership will proceed to be guided by Bhutan’s priorities and aspirations, particularly of the youth.

  • Indian government approves new EV policy to promote nation as manufacturing hub for e-vehicles

    Indian government approves new EV policy
     Indian government approves new EV policy. Photo Courtesy: Unsplash

    The Indian government has accredited a scheme to promote India as a manufacturing hub in order that e-vehicles (EV) with the most recent know-how could be manufactured within the nation.

    As per the new policy, the government has set a minimal funding of Rs 4150 Cr (roughly USD 500 Mn) for the businesses whereas no cap has been positioned for most funding.

    “The policy is designed to entice investments within the e-vehicle area by reputed world EV producers,” learn a press release issued by the Indian government.

    “This will present Indian customers with entry to newest know-how, enhance the Make in India initiative, strengthen the EV ecosystem by selling wholesome competitors amongst EV gamers main to excessive quantity of manufacturing, economies of scale, decrease value of manufacturing, scale back imports of crude Oil, decrease commerce deficit, scale back air air pollution, notably in cities, and may have a constructive impression on well being and setting,” the assertion stated.

    The policy entails the next

    Minimum Investment required: Rs 4150 Cr (Approximately USD 500 Mn)

    No restrict on most funding

    Timeline for manufacturing: 3 years for organising manufacturing services in India, and to begin business manufacturing of e- autos, and attain 50 % home worth addition (DVA) inside 5 years on the most.

    Domestic worth addition (DVA) throughout manufacturing: A localisation stage of 25 % by the third yr and 50 % by the fifth yr may have to be achieved.

    The customs responsibility of 15 % (as relevant to CKD models) can be relevant on automobile of minimal CIF worth of USD 35,000 and above for a complete interval of 5 years topic to the producer organising manufacturing services in India inside a 3-year interval.

    The responsibility foregone on the overall variety of EV allowed for import can be restricted to the funding made or USD 782 million (equal to incentive below PLI scheme) whichever is decrease.

    A most of 40,000 EVs on the charge of no more than 8,000 per yr can be permissible if the funding is of USD 800 Mn or extra. The carryover of unutilized annual import limits can be permitted.

    The Investment dedication made by the corporate may have to be backed up by a financial institution assure in lieu of the customized responsibility forgone.

    The Bank assure will likely be invoked in case of non-achievement of DVA and minimal funding standards outlined below the scheme pointers.