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Mutual Funds Poised for One-Third of Banking by 2030, Predicts Nimesh Shah

According to Mr. Nimesh Shah, the managing director of ICICI Prudential Mutual Fund, the Mutual Funds (MF) industry is poised to represent a significant portion of the banking sector by 2030, with the total industry size expected to exceed Rs. 100 trillion (equivalent to US$ 120.10 billion) in the coming decade. Mr. Shah made this projection during a panel discussion at the Business Standard BFSI Insight Summit 2023 in Mumbai, emphasizing the transformative role of digital technology in the MF market’s growth. He noted that MF companies have ex ..... Read More

Tributes to Sardar Vallabhbhai Patel: PM Modi and Amit Shah Lead Celebrations

On the birth anniversary of Sardar Vallabhai Patel, celebrated as ‘Rashtriya Ekta Divas’ and ‘Run for Unity,’ Prime Minister Narendra Modi extended his wishes to the nation, honoring Sardar Patel’s commitment to national integration. He praised Patel’s indomitable spirit, visionary statesmanship, and unwavering dedication to shaping the nation’s destiny. PM Modi attended an event near the Statue of Unity in Gujarat, where daredevil stunts by CRPF’s women personnel, following Sardar Patel’s vision, were performed. Artists from villages along the ..... Read More

Nita Ambani Receives 2023 USISPF Global Leadership Award for Philanthropy and CSR

Nita Ambani, the founder and chairperson of Reliance Foundation, has been honored with the 2023 Global Leadership Award for Philanthropy and Corporate Social Responsibility by the US-India Strategic Partnership Forum (USISPF). The award was presented by USISPF Chairman John Chambers and the Board of Directors. Mrs. Ambani expressed her gratitude for the award and announced the launch of a new school led by her daughter, Isha Ambani, who oversees Reliance Retail. She commended USISPF for its role in strengthening the bonds between India and the ..... Read More

The Religion of the Rigveda by Thomas Oberlies

by This comprehensive new presentation of the religion of the Rigveda is the result of a thorough-going endeavour to extrapolate historical circumstances from that literary text and present them chiefly from the perspective of the adherents to this religion. For them society, social life, and religion were inextricably bound. This helps to explain the meanings of rights and rituals. Which rituals are to be performed at what times is influenced by the way of life of these Vedic tribes which alternates between peaceful settling and predatory rai ..... Read More

Select Works of Sri Sankaracharya by S. Venkataramanan

by S. Venkataramanan A compilation of the teachings and philosophical treatises of one of the greatest spiritual luminaries in Hindu philosophy. Sri Sankaracharya’s works, spanning commentaries, discourses, and hymns, have had a profound influence on Advaita Vedanta, the non-dualistic school of thought. Venkataramanan skillfully selects key texts and presents them in a readable and accessible manner, allowing readers to delve into the depths of Sankaracharya’s wisdom. Through this collection, readers can explore the timeless teachings of Sri S ..... Read More

The Upanishads: A Sacred Journey of Wisdom and Spirituality

by Swami Paramananda Embark on an enlightening expedition into the mystical world of the Upanishads, where the boundaries of time and consciousness blur. In The Upanishads, ancient wisdom cascades through millennia, whispering truths that transcend the limitations of human understanding. This book is an odyssey into the depths of spiritual philosophy, where seekers explore the nature of reality, the self and the cosmos. Immerse yourself in the meditative verses that contemplate the essence of existence, the intricacies of karma and the paths to ..... Read More

Veda Made Simple

by MD Pariksith Singh Veda Made Simple is an important book. In a strikingly clear, lucid and straightforward manner, the author reveals the rich and complex philosophy and symbolism of the Veda for anyone who is open in mind and heart to receive the wisdom of humanity’s oldest spiritual scripture. That the author does this in the light of Sri Aurobindo—inarguably among the very few who realised and lived the deepest and highest Vedic truths in their beings—makes it even more significant. This book comes at the right time too, as Indians global ..... Read More

Vediquant: Vedantic Truth in Quantum Science

by Abha Sharma ‘He that is here in the human person, and He that is there in the sun, are one.’ —Taittiriya Upanishad. II.viii.5 Quantum physics thus reveals a basic oneness of the universe. Multiplicity is only apparent, in truth, there is only one mind…’ —Erwin Schrödinger Can you spin a coin in the clockwise and anti-clockwise direction at the same time? Can you imagine yourself being in many places at the same moment? Bizarre? Yet, such strange phenomena are happening around us all the time. What if you were told that the past, presen ..... Read More

The Nirvana Express: How the Search for Enlightenment Went West

by Mick Brown In 1897, an Indian yogi named Bava Lachman Dass exhibited himself at the Westminster Aquarium in London, demonstrating forty-eight yoga positions to a bemused audience. Four years earlier, Hindu philosopher Swami Vivekananda had spoken at the first World Parliament of Religions in Chicago, where theosophist Annie Besant rhapsodized about ‘his inborn sense of worth’ and the ‘exquisite beauty’ of his spiritual message. The Victorians had conflicted views on the religious beliefs and practices of the Indian su ..... Read More

Divine Chants for Young Minds – A playful introduction to hindu chants

by Keshavi Narayan Divine Chants for Young Minds – A Playful Introduction to Hindu Chants is the perfect enchanting book that invites young readers to learn and discover the power of sacred Hindu chants. Through colorful illustrations and powerful Hindu chants, children will go on a joyful journey to explore the rich traditions of chanting, This book is a great blend of learning and fun, giving a deep sense of spirituality and cultural understanding in young minds. ..... Read More

Indian mango exports: US$ 47.98 million in the first 5 months of FY24, up 19%

Mango exports from India have surged by 19% in the first five months of the current fiscal year, as reported by the Agricultural and Processed Food Products Export Development Authority (APEDA) and the Ministry of Agriculture and Farmers Welfare. In this period, mango exports reached a total value of $47.98 million, a significant increase from $40.33 million during the same period the previous year. APEDA, in collaboration with the Ministry of Agriculture and Farmers Welfare, facilitated mango exports totaling 27,330.02 million tonnes (MT) du ..... Read More

PM Modi Celebrates ‘Meri Maati Mera Desh’ Culmination Event

On Sardar Vallabhbhai Patel’s birth anniversary, Prime Minister Narendra Modi will conclude the ‘Meri Maati Mera Desh’ campaign, which honors those who sacrificed for the nation. He will also inaugurate ‘Amrit Vatika’ and ‘Amrit Mahotsav Memorial’ as part of the closing ceremony of Azadi Ka Amrit Mahotsav, and launch the ‘Mera Yuva Bharat’ platform for empowering the youth. Prime Minister Modi will address the individuals who led the Amrit Kalash Yatras in various parts of the country. The ‘Meri Maati Mera Desh’ campaign, which honors the sacr ..... Read More

India: Global Broadband Hub with Over 1 Million Jio 5G Sites, Says Akash Ambani

Reliance Jio’s Chairman, Mr. Akash Ambani, disclosed that the company has successfully deployed over a million 5G cells across all 22 circles in India, amounting to 85% of the country’s total 5G capacity. He emphasized that Jio’s 5G rollout is underpinned by an entirely indigenous 5G stack, developed and manufactured by Indian experts. Speaking at the India Mobile Congress 2023, Mr. Akash Ambani highlighted Jio’s capability to provide 5G connectivity to more than 200 million previously unconnected homes and premises, positioning India as a glo ..... Read More

Piyush Goyal Joins G7 Trade Meeting in Osaka

Union Minister Piyush Goyal is scheduled to participate in the G7 Trade Ministers’ Meeting in Osaka, Japan, on October 28th-29th, 2023. During this event, Mr. Goyal will engage with several G7 nations, invited countries, and international organizations like the World Trade Organization (WTO) in conjunction with the outreach activities. The annual gathering of Trade Ministers from G7 Member States serves as a platform to address pressing global trade and investment issues while devising a roadmap for a more prosperous future. Japan, which hold ..... Read More

IIT Madras Launches Platform to Boost Start-up Funding

The Centre for Research on Start-ups and Risk Financing (CREST) at the Indian Institute of Technology Madras (IIT Madras) has introduced an ‘Intelligence Platform on Government Funding Schemes for Start-ups.’ This initiative aims to streamline and enhance access to government funding opportunities for startups. The platform, developed in collaboration with YNOS, a startup incubated at IIT Madras, consolidates a wide range of startup schemes provided by the Indian government, making them easily accessible to entrepreneurs. The project is the re ..... Read More

PM Modi Kicks Off 37th National Games in Goa

This evening, Prime Minister Narendra Modi inaugurated the 37th National Games at Goa’s Jawaharlal Nehru Stadium. During his address, the Prime Minister emphasized India’s progress and achievements across diverse fields, marking unprecedented milestones. He highlighted government initiatives like Khelo India and the Target Olympic Podium Scheme (TOPS), which have created a supportive ecosystem for the nation’s athletes. Notably, Khelo India has seen success, with over 125 players performing well in the Asian Games. PM Modi stressed the direct ..... Read More

PM Modi Urges ‘Vocal for Local’ During Festivals in Mann Ki Baat

In the 106th episode of the Mann Ki Baat radio program, Prime Minister Narendra Modi made an announcement regarding the Khadi Mahotsav’s remarkable success. He noted that this month had seen record-breaking sales of Khadi products in Delhi. PM Modi emphasized the significance of the ongoing Khadi Mahotsav and how it had shattered previous sales records. He particularly highlighted the exceptional sales on Gandhi Jayanti. Furthermore, the Prime Minister encouraged the promotion of ‘Vocal for Local’ during festivals, underlining the importance o ..... Read More

Retail sales surged 9% in September 2023, says Retailers Association of India.

A recent survey by the Retailers Association of India (RAI) revealed that in September 2023, retail sales surged by 9% compared to the same period in September 2022. Retail businesses in all regions across India reported increased sales, with the Southern region witnessing the highest year-over-year growth at 13%. The East and North regions showed growth rates of 7% and 6%, respectively, while West India saw an 8% growth. Kumar Rajagopalan, CEO of RAI, noted that the festive season contributes to this positive trend, especially with expectati ..... Read More

Gaganyaan: ISRO Analyzing First Successful Test Flight Results

The Indian Space Research Organisation (ISRO) is in the process of scrutinizing data from the test vehicle development flight, ‘TV-D1,’ following its triumphant launch as part of the Gaganyaan Mission. The test took place at the Satish Dhawan Space Centre in Sriharikota on October 21, with the original launch halted at 8:45 am due to an engine ignition issue. An ISRO official stated that although the results closely align with nominal conditions, the data analysis is crucial to ensure readiness for the upcoming crewed Gaganyaan mission. The G ..... Read More

India Sets Sights on 6G Leadership, PM Modi Announces at IMC

During the India Mobile Congress, Prime Minister Narendra Modi lauded the rapid expansion of 5G networks in India, underlining their pivotal role in the nation’s journey toward becoming a developed economy. He used this platform to officially launch the government’s 5G Use Case Labs, strategically aimed at educational institutions. The primary objective of these laboratories is to ignite innovation in 5G applications, particularly in sectors like agriculture, healthcare, and education. Modi’s address strongly emphasized the profound impact of ..... Read More

Scientists’ retirement age expected to increase to 65

The Ministry of Science and Technology (MoST is considering extending the current retirement age of scientists from 60 to 65 years. This proposal is primarily aimed at preventing senior scientists from leaving for universities and Indian Institutes of Technology (IITs), where the retirement age is already set at 65. There are concerns about the “brain drain” of experienced scientists. While scientists at various government agencies and independent organizations retire at 60 or 62, this proposal seeks to create consistency and level the playing ..... Read More

Two-wheelers poised for nine-year sales doubling

A recent report by a rating agency suggests that two-wheeler sales are poised for substantial growth between 2023 and 2028, outpacing all other automobile categories, as per the Times of India (TOI). The expected expansion is projected to yield a compounded annual growth rate (CAGR) ranging from 9-11%, resulting in an estimated total of 25.9 million to 26.1 million two-wheelers sold during this period. The report foresees a near doubling of sales to 30.7-30.9 million units by FY32, compared to 16.3 million units in FY23. This surge in sales is ..... Read More

Indian Women’s Hockey Team Seeks Redemption in Asian Champions Trophy

Fresh from their disappointment of not securing a gold medal in the recent Asian Games, the Indian women’s hockey team is gearing up to exhibit their true potential at the Asian Champions Trophy (ACT). Their journey begins with a match against Thailand. While they clinched the bronze medal by defeating Japan 2-1, this outcome was not what the Indian team had hoped for, especially considering their status as favorites and the opportunity to earn a direct ticket to the Paris Olympics had they secured gold. The ACT presents an opportunity for the ..... Read More

India Set to Overtake Japan as Third-Largest Economy by 2030, Says S&P Report

India is on track to overtake Japan and become the world’s third-largest economy by 2030, according to a report from S&P Global Market Intelligence. The report predicts that India’s nominal GDP, measured in USD terms, will double from $3.5 trillion in 2022 to $7.3 trillion in 2030. This rapid economic expansion is expected to push India ahead of Japan in terms of GDP size, making it the second-largest economy in the Asia-Pacific region. Currently, Japan holds the third spot in the global economy, following the United States and China. India’s ..... Read More

PM Modi to attend Ram Temple inauguration on Jan 22

Prime Minister Narendra Modi confirmed his attendance at the inauguration of the Ram temple in Ayodhya on January 22, 2024. He was formally invited by the office bearers of Shri Ram Janma Bhoomi Tirtha Kshetra, accompanied by religious leaders. Notably, Mr. Modi had laid the foundation stone for the Ram temple on August 5, 2020. Upon receiving the invitation, the Prime Minister expressed his joy and stated, “I feel very blessed. It is my good fortune that in my lifetime, I will witness this historic occasion.” The Ram Temple Trust’s general se ..... Read More