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…
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.
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…
Roy Cooper, the governor of North Carolina, declared May 28–June 3, 2023, “Telugu Heritage Week,” commemorating the Telugu community and culture for their enormous contributions to the state’s growth across a range of sectors. The State Proclamation said that in honor of NTR’s birth centennial on May 28, the North Carolina Telugu community would assemble on June 3, 2023, to remember and celebrate his life as Telugu Pride Day and to exhibit their distinctive heritage and culture. Telugu is one of the oldest surviving ethnic languages, known for its rich literature and distinctive etymological formations, with inscriptions dating back to…
International students will have the chance to provide evidence to the authorities to avoid being deported, according to Canadian Immigration Minister Sean Fraser. This comes months after the Canadian Border Security Agency (CBSA) ordered the deportation of over 700 Indian students whose admission offer letters to educational institutions were found to be fake. The Minister tweeted that Immigration, Refugees, and Citizenship Canada (IRCC) was carefully investigating recent reports of fake acceptance letters. To be clear, we don’t want to punish victims; our goal is to find the offenders. Fraud victims will have the chance to explain their circumstances and provide…
Efforts to gain recognition for Diwali as a holiday in New York state and at the federal level have gained momentum recently. Many Indian Americans in New York have long awaited this change, as it would have an impact on school calendars every autumn. New York State Assembly Speaker Carl Heastie announced on Thursday that the assembly intends to pass a bill designating Diwali as a state holiday. Diwali, also known as the “festival of lights,” is observed by Hindus, Sikhs, Jains, and some Buddhists as a celebration of light triumphing over darkness and good prevailing over evil. Heastie expressed…
