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Windfall Tax : India Cut Its Windfall Tax On Petroleum Crude

Windfall Tax : India Cut Its Windfall Tax On Petroleum Crude India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a recent government notification. Windfall Tax levied by governments against certain industries when economic conditions allow those industries to experience significantly above-average profits. […]

Exercise Ayutthaya

Exercise Ayutthaya: The maiden Bilateral Maritime Exercise -Ayutthaya’ between the Indian Navy (IN) and Royal Thai Navy (RTN) was conducted. The IndIa-Thailand Bilateral Exercise is being named as ‘Ex-Ayutthaya’, which literally translates to ‘The Invincible One’ or ‘Undefeatable’. It symbolises the significance of two of the oldest cities Ayodhya in India and Ayutthaya in Thailand, […]

Multidimensional Poverty Index: NITI Ayog

Multidimensional Poverty Index: NITI Ayog The NITI Aayog has released a Discussion Paper titled-‘Multidimensional Poverty in India since 2005-06’, stating that 24.82 crore people escaped Multidimensional Poverty in the last nine years. Key Highlights of the Multidimensional Poverty Index in India Since 2005-2006: India has experienced a significant reduction in multidimensional poverty from 29.17% in […]

Ugram : Indigenous Assault Rifle

Ugram : Indigenous Assault Rifle The Defence Research and Development Organisation (DRDO) has launched an indigenous assault rifle named ‘Ugram’, intended to meet the operational requirements of armed forces, paramilitary, and state police entities. It has been developed by the Armament Research and Development Establishment (ARDE), a unit of DRDO and Hyderabad-based private firm Dvipa […]