News you need to know before starting your day: 24 September 2021

Morning Masala Tea
24 September, 2021

News:

  1. Ahead of the stubble burning season, Union Minister for Environment, Forest and Climate Change Bhupender Yadav Thursday chaired a meeting to assess the preparedness of Delhi-NCR states to manage the practice.
  2. The government has made it clear in the Supreme Court that a caste census of the Backward Classes is “administratively difficult and cumbersome”. “It has suffered, and will suffer, both on account of completeness and accuracy of the data,” an affidavit filed by the Ministry of Social Justice and Empowerment in the Supreme Court said.
  3. The Indian economy was facing a prolonged slowdown even before the pandemic hit. Then it faced its largest-ever contraction of 7.3% in 2020-21. The sequential recovery which followed was interrupted once again by the second wave of the Covid-19 pandemic, which peaked on May 9 if a seven-day moving average of daily new cases is taken as an indicator.
  4. E-commerce firm Amazon said that it has created more than 110,000 seasonal job opportunities across its operations network, ahead of the festive season. These opportunities include direct and indirect jobs across India in cities such as Mumbai, Delhi, Pune, Bengaluru, Hyderabad, Kolkata, Lucknow and Chennai, among others.
  5. Acknowledging that some users continued to experience difficulties on the Income Tax e-filing portal, IT major Infosys on Thursday said it was working “expeditiously” with the I-T department to further streamline end-user experience.

 

Relevant Google Trends Today

  1. India on Thursday said that the transition of power in Afghanistan has been without negotiation and in a non-inclusive manner, raising questions on its acceptability.
  2. Taxpayers will pay towards the operating costs of a major US-owned fertiliser manufacturer to ensure the supply of CO2 for the food sector continues amid the ongoing energy crisis.
  3. The defence ministry on Thursday placed an order worth 7,523 crore with Heavy Vehicles Factory, Avadi, for 118 locally made Arjun Mk-1A tanks to sharpen the army’s combat edge
  4. Freshworks started with a small idea for a ‘fresh’ helpdesk in 2010, Mr Mathrubootham said in a blogpost on Thursday. With 52,500 customers, the company saw its revenue grow in the first six months of 2021 to $169 million, up from $110 million in the first half of 2020.
  5. Prime Minister Narendra Modi on Thursday said that US Vice President Kamala Harris is a “source of inspiration” for so many people around the world, as he expressed gratitude to her for being so warm and natural during their conversation when India was going through a devastating second wave of COVID-19.

 

Startup
24 February, 2024

Byju’s, once heralded as a flagship in India’s edtech sector, is grappling with severe financial and operational challenges, marked by a dramatic valuation drop. The company, which sought to stabilize its operations and finances, is now raising funds at a valuation significantly lower than its peak. This development comes amid efforts to address a substantial debt burden, with Byju’s proposing a repayment plan for its $1.2 billion loan. Investor confidence appears shaken, with some stakeholders pushing for drastic changes in leadership to navigate the crisis effectively. The turmoil reflects broader sectoral pressures and raises questions about the sustainability of high-growth trajectories in the edtech industry

Energy
10 February, 2024

Australia’s energy market is witnessing significant transitions and investments aimed at bolstering renewable energy infrastructure and securing gas supplies. Key developments include a $179 million investment by the Queensland Government for community battery projects, Santos’ $5.7 billion gas pipeline project following a legal battle win, and a $206 million energy savings package for NSW households. Additionally, the Australian government has secured new gas supply deals to support the east coast market, emphasizing the role of gas in transitioning to a renewable grid.

India 2024
9 February, 2024

The latest opinion polls, including the Mood of the Nation survey by India Today, predict a comfortable victory for Prime Minister Narendra Modi’s BJP and its allies in the National Democratic Alliance (NDA), with a projected win of 335 Lok Sabha seats in the 2024 general elections. This forecast suggests a slight decrease from the 2019 elections but still ensures a majority. The survey, involving interviews with over 149,000 respondents, reflects Modi’s enduring popularity based on his nationalist policies and economic reforms. Other polls echo these findings, although seat projections vary slightly. The opposition INDIA alliance is expected to secure a significant number of seats, yet not enough to challenge the NDA’s majority. These predictions highlight a political landscape that remains largely favorable to Modi and the BJP as the election approaches