India’s retail sector is demonstrating strong growth, attracting foreign retailers, including luxury brands, seeking to establish footholds in strategic locations nationwide. This has led to retail leasing in the first half of 2024 reaching a 5 year high, with 3.1 mn sq. ft. leased across 8 cities. International luxury brands such as Maison Margiela and Time Vallée entered the country in the first half of 2024 due to evolving lifestyles and increased global aspirations, resulting in heightened demand for luxury goods. Other brands like Breitling and Michael Kors expanded to Chennai and Pune. Additionally, Daiso Japan and ILEM Japan opened…
Author: Editor's Desk, Tattva News
The Union Public Service Commission (UPSC) has cancelled the provisional candidature of Puja Manorama Dilip Khedkar, who was provisionally recommended for the Civil Services Examination 2022 (CSE-2022). It said her provisional candidature for the CSE-2022 (Civil Services Examination-2022) has been “cancelled” and she has also been “debarred permanently” from all future UPSC examinations or selections. The decision comes after a thorough review by the commission. In addition to cancelling her provisional candidature, the UPSC has permanently debarred Khedkar from all future exams and selection processes conducted by the commission. The UPSC said a show cause notice (SCN) was issued to Puja…
Union Minister and senior BJP leader Nitin Gadkari has written to Finance Minister Nirmala Sitharaman, requesting her to withdraw the GST imposed on premiums for life and medical insurance plans. This request comes at a time when the Finance Minister is facing a lot of criticism over the Union Budget. “Main issue raised by the Union is related to withdrawal of GST on Life and Medical Insurance Premium. Both life insurance and medical insurance premiums attract a GST rate of 18 per cent. Levying GST on life insurance premium amounts to levying tax on the uncertainties of life,” the Road…
Responding to the deaths of at least three Baloch protesters and mass arrests of participants of the ‘Baloch Raji Machi’ protests in Balochistan, Pakistan, Babu Ram Pant, Deputy Regional Director for South Asia at Amnesty International, said: “Every time Baloch protests take place, their demands are met with violence by security forces and mass arrests. We saw it in December last year at the Baloch Long March. We see it now again with the Baloch Raji Machi protests in what is clearly a punitive attempt by the Pakistani authorities to deter, vilify and criminalize peaceful protesters. “The reports of three…
Fitch Ratings announced that India’s post-election budget confirms the new administration’s commitment to reducing the fiscal deficit for FY25 and FY26 despite the coalition government’s demands. The FY25 budget lowers the Centre’s fiscal deficit target for the year ending March 2025 to 4.9% of GDP, down from 5.1% in February’s interim budget. This target is significantly below the 5.4% anticipated by the rating agency when it affirmed India’s ‘BBB-‘ rating with a stable outlook in January 2024. Fitch noted that the sustained focus on supporting economic growth through high public capital expenditure indicates continuity in key areas. Additionally, the government’s…
As informed to Parliament, India’s total installed power generation capacity has increased by approximately 80% over the last decade, reaching 4,46,190 MW (4.46 GW) in June 2024. The installed capacity, which stood at 2,48,554 MW in March 2014, has reached 4,46,190 MW, stated the Minister of State for the Ministry of New and Renewable Energy (MNRE), Shripad Yesso Naik. In a reply to the Rajya Sabha, he highlighted that the installed capacity of coal-based power has grown from 1,39,663 MW in March 2014 to 2,10,969 MW in June 2024. Additionally, the installed capacity in the renewable sector has surged from…
Indian professionals now hold approximately 10-13% of leadership positions within global capability centres (GCCs), reflecting India’s growing impact on international corporate frameworks. Around 100 Indian chief investment officers and senior vice presidents are employed in GCCs, earning million-dollar salaries. This number is projected to rise to about 150 by the end of 2024, as per ANSR Research and TeamLease Digital. India’s 1,600 GCCs currently employ approximately 5,000 Indian professionals in global roles, a figure expected to reach 30,000 by 2025. Chief Executive at ANSR, Mr. Lalit Ahuja, highlighted a significant talent deficit in the West, particularly in STEM fields, with…
A calm and composed Manu Bhaker scripted history to become the first Indian athlete in post-independence era to win two Olympic medals in a single edition of the Games as she combined with an equally unruffled Sarabjot Singh to clinch the 10m air pistol mixed team bronze here on Tuesday. The Indian pair defeated the Korean duo of Lee Wonoho and Oh Yeh Jin 16-10 to earn the country its second medal at Chateauroux’s shooting range. The 22-year-old Bhaker had earlier snared the women’s 10m air pistol bronze medal at the same venue on Sunday, wiping off the memories of…
The UP Prohibition of Unlawful Conversion of Religion (Amendment) Bill 2024 was introduced in the Uttar Pradesh Assembly on Monday during the monsoon session proceedings. According to the provisions of the bill, the punishment for the already-defined crimes has been doubled. Moreover, new crimes have also been included with a provision of life imprisonment. Earlier in 2021, Uttar Pradesh’s Yogi government passed the UP Prohibition of Unlawful Conversion of Religion Bill, following which the amended bill has been introduced today. The amended bill is likely to be passed in the assembly by voice vote on August 2. For the first time in…
The Ministry of Home Affairs (MHA) on Monday formed a high-level committee to investigate the death of three IAS aspirants at a coaching centre in Delhi due to flooding of the basement. “The committee will inquire into the reasons, fix responsibility, suggest measures and recommend policy changes,” a ministry spokesperson said in a post on X. The members of the panel included an additional secretary of the Ministry of Housing and Urban Affairs, Principal Secretary (Home) of Delhi government, Special CP of Delhi Police and a fire advisor. The panel will submit its report in 30 days, the ministry said. Three civil…