In a remarkable surge, overseas Indians deposited nearly $3 billion into non-resident Indian (NRI) deposit schemes during April-May FY25, a figure that surpasses last year’s deposits by more than four times, according to data released by the Reserve Bank of India (RBI). The total inflow for this period reached $2.72 billion, a significant increase from $623 million in the same timeframe the previous year. By the end of May, the total outstanding NRI deposits had risen to $154.72 billion. In May alone, deposits into NRI schemes totaled $1.7 billion, compared to $1.07 billion in April. The NRI deposit schemes encompass…
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.
Transitioning from a diet rich in saturated animal fats to one abundant in plant-based unsaturated fats can profoundly influence blood lipid composition. Recent research featured in Nature Medicine reveals that diets high in unsaturated plant fats, like those found in the Mediterranean diet, are linked to reduced risks of type 2 diabetes and cardiovascular disease. Clemens Wittenbecher, lead researcher at Chalmers University of Technology, emphasizes the study’s findings, suggesting targeted dietary advice to benefit those considering dietary changes. The study, analyzing lipid profiles in blood, draws from the DIVAS trial, involving 195 UK participants divided into groups consuming diets varying…
India’s counter-drone market is anticipated to expand at an annual rate of 28 percent over the next five years, according to a report by financial services firm Motilal Oswal. This growth is driven by the increasing need for systems to counter aerial attacks. The report estimates that the market for counter-drone systems will reach approximately $1.46 billion over the next five years, based on the need for approximately 1,200 systems, each costing between $975,000 and $1.83 million. This substantial demand is expected to generate an annual market opportunity of nearly $292 million over this period. In the broader drone market,…
Cincinnati native and former presidential candidate Vivek Ramaswamy took the stage on the second day of the Republican National Convention. A graduate of St. Xavier High School, Ramaswamy, who competed in the Republican primary for the 2024 election, delivered a speech lauding former President Donald Trump. His address aimed to garner voter support and energize the enthusiastic crowd in Milwaukee. Ramaswamy underscored Trump’s ability to bring the nation together through concrete actions rather than mere rhetoric. He stated that Trump would genuinely unify the country through his actions, emphasizing that success and excellence are unifying factors that reflect the core…
On Tuesday night, former South Carolina Governor Nikki Haley delivered a speech at the Republican National Convention, where she voiced her strong support for Donald Trump’s campaign. This marked a significant step in bridging the gap between Haley and Trump, who had previously been rivals in a contentious presidential primary. Haley began her speech with a clear and emphatic endorsement of Trump, saying, “I’ll start by making one thing perfectly clear: Donald Trump has my strong endorsement, period.” While Trump watched from the VIP suite, she praised his foreign policy achievements and spoke to voters who might not fully support…
Prime Minister Narendra Modi is set to address the high-level UN General Assembly session on September 26, as per a provisional list of speakers released by the UN. The 79th session of the UN General Assembly will occur from September 24-30, with the general debate being a key highlight of the event. The provisional list indicates that India’s “Head of Government” is scheduled for an afternoon address on September 26. However, this schedule may change as the UN updates attendance, schedules, and speaking slots leading up to the session. Traditionally, Brazil opens the general debate on September 24, followed by…
Congressman Shri Thanedar, representing Michigan’s 13th Congressional District, introduced H.R. 9023, known as the Keep STEM Graduates in America Act, a significant piece of legislation aimed at encouraging promising young students to remain in the US after completing their studies. This act proposes reforms to the H-1B visa process and increases the number of available visas each year, making it easier for individuals who can contribute to our industry and economy to stay in the United States. The Congress found that foreign students pursuing education in technology and the sciences have significantly contributed to overall innovation and growth in the…
During his visit to the Indian Newspaper Society (INS) Secretariat at G-Block, Bandra Kurla Complex in Mumbai, Prime Minister Narendra Modi inaugurated the INS Towers. This new facility is designed to meet the modern and efficient office space needs of INS members and is intended to become the central hub for Mumbai’s newspaper industry. In his speech, Prime Minister Modi congratulated all INS members on the new tower’s inauguration and expressed optimism that the improved working environment would further strengthen India’s democracy. He highlighted that the Indian Newspaper Society, established before India’s independence, has not only witnessed but also communicated…
According to Morgan Stanley’s report “The New India: Why this is India’s decade,” India’s economy is set to thrive in the coming years. The report outlines several factors driving this growth, including offshoring, increased manufacturing investments, energy transition, and advanced digital infrastructure. It predicts that these elements will propel India to become the world’s third-largest economy and stock market by 2030. The global brokerage firm also highlights how geopolitical shifts, such as US-China trade tensions and Russia’s actions in Ukraine, are reshaping the global economy towards a multipolar world. The COVID-19 pandemic has further accelerated trends like “slowbalization” and multipolarity,…
Prime Minister Narendra Modi’s visit to Austria was described as “historic” and “extremely fruitful,” invigorating the relationship between India and Austria. Modi’s previous warm interactions with Russian President Vladimir Putin signaled to Russia that it doesn’t need to rely solely on China for support against Western pressures following the Ukraine conflict. This also conveyed to the West that India aims to maintain its autonomy and avoid over-dependence on Western powers in its strategic dynamics with China. Marking the first visit of an Indian Prime Minister to Austria since 1983, the trip showcased India’s intent to collaborate with non-NATO nations on…