The Department for Education has awarded Tata Consultancy Services (TCS) a 10-year contract to manage the pensions of more than two million teachers, leading to a digital transformation of the scheme administration. TCS will be responsible for operating the Teachers’ Pension Scheme, which is the largest public sector pension scheme of its kind in the UK. This move will strengthen TCS’s presence in the pensions and UK public sector industries. Capita, which had been managing the service for over 20 years, lost the contract to TCS. In 2021, Capita secured a contract extension worth £60 million over four years from…
Author: Nupur Rohila
Nupur Rohila
Love, nature, women's empowerment, and social issues make up the bulk of Nupur's writing topics. She earned a Master of Arts in Ancient History and a Bachelor of Arts in English from Delhi University before she began writing. It just so happens that Nupur also aced the Junior Research Fellowship exam for history. At present, Neha is working as a freelance content writer.
The previous century witnessed a remarkable narrative of yoga teachers disseminating their knowledge to distant corners of the world, leading to the transformation of local religious traditions. Yoga studios can now be found in diverse locations, even in small towns across Peru, South Africa, and Hungary. This historical movement mirrors a phenomenon that occurred over 2,000 years ago in the Himalayan region, spanning both east and west. While the popular history focuses on yoga and tantra spreading to China, Japan, Tibet, and Southeast Asia through Buddhism, only specialized scholars have traced its migration to Samarkand, Bukhara, and further into the…
Taral V Patel, an Indian American policy expert who is currently working with the Biden administration in Washington DC on domestic US policy issues, has announced his candidacy for commissioner in Fort Bend County, Texas, precinct 3. The 29-year-old Democrat is aiming to win the seat currently held by longtime Republican Commissioner Andy Meyers and hopes to establish Fort Bend as a forward-thinking stronghold in Texas. Patel took to Twitter earlier this week to share his campaign announcement, stating, “I’m announcing my campaign for Fort Bend County Commissioner. Together, we can push past the divisive politics that we see in…
According to a Reuters report, IndiGo, India’s largest airline, is in advanced negotiations with European aircraft manufacturer Airbus to purchase 500 narrow-body A320 aircraft. If the deal goes through, it will surpass Air India’s order for 470 jets from Airbus in February. The potential order from IndiGo is estimated to be around $25 billion, taking into account the customary discounts for bulk purchases. IndiGo is also considering discussions for acquiring Boeing 787 wide-body jets, which are a competitor to Airbus. Pieter Elbers, the Chief Executive of IndiGo, refrained from commenting on commercial matters while attending the International Air Transport Association’s…
Grandmaster Viswanathan Anand has been selected to participate in the inaugural edition of the Global Chess League (GCL), a collaborative effort between Tech Mahindra and FIDE (International Chess Federation). The first season of the league will take place at the Dubai Chess & Culture Club from June 21 to July 2, 2023, in partnership with the Dubai Sports Council, as stated in a press release. The tournament will showcase esteemed chess players such as World Chess Champion Ding Liren, top-ranked player Magnus Carlsen (a five-time World Champion), and four-time Women’s World Champion Hou Yifan. The press release emphasizes that each…
In a positive development, the Union government successfully achieved its revised budget estimate of a fiscal deficit of 6.4% of GDP, thanks to strong revenue receipts and effective expenditure management. According to data released by the Controller General of Accounts (CGA), the fiscal deficit for the fiscal year 2022-23 amounted to Rs 17.3 lakh crore, slightly lower than the previous year’s figure of Rs 17.5 lakh crore. Total receipts for FY23 reached Rs 24.6 lakh crore, surpassing the government’s revised estimate of Rs 24.3 lakh crore, marking an 11.2% increase over FY22. The fiscal deficit represents the gap between the…
GOP presidential candidate Vivek Ramaswamy, an Indian-American, spelled out his strategy for bringing peace to Ukraine by opening up Russia during a campaign rally in New Hampshire. Russia’s brutal invasion of Ukraine, which is now in its second year, has been expensive both financially and in terms of the thousands of lives it has claimed. Since the war began in February 2022, the US has provided Ukraine with aid totaling more than $75 billion. According to the German-based Kiel Institute for the World Economy, U.S. taxpayers are already responsible for more than $75 billion in assistance to Ukraine. The costs…
Leaders from the U.S. Congress have extended an invitation to Indian Prime Minister Narendra Modi to deliver a speech at a joint meeting of the House of Representatives and Senate on June 22. This invitation is considered one of the highest honors granted by Washington to foreign dignitaries. The letter addressed to Modi, signed by House Speaker Kevin McCarthy, Senate Majority Leader Chuck Schumer, Senate Republican Leader Mitch McConnell, and House Democratic Leader Hakeem Jeffries, emphasizes that the speech will provide an opportunity for him to share his vision for India’s future and address the global challenges faced by…
The US Under Secretary of Commerce for International Trade, Marisa Lago, will travel to India from May 31 to June 2 to advance commercial and strategic partnerships between the two nations. During her visit, Lago will meet with private sector representatives in both Bengaluru and Chennai, according to the official release. As per the released schedule for India, she will also meet with U.S. and Indian semiconductor and related companies to advance the U.S.-India Memorandum of Understanding establishing a semiconductor supply chain and innovation partnership. Lago and India’s top tech executives will talk about how to work together to improve…
According to a recent report titled “The Indian Payments Handbook 2022-27” by PwC India, it is projected that India’s United Payments Interface (UPI) transactions will reach a daily volume of 1 billion by FY2026-2027. In the previous fiscal year (2022-23), UPI transactions dominated the retail segment, accounting for approximately 75% of the total transaction volume. Over the next five years, UPI is expected to further solidify its position, representing 90% of all retail digital payment transactions. The report highlights the remarkable growth of the Indian digital payments market, which has been expanding at a compound annual growth rate (CAGR) of…