Urban-Rural Consumption Expenditure Differential Falls To 71% In 2022-23: Survey: MoSPI Survey

The Survey on Household Consumption Expenditure by the Ministry of Statistics and Programme Implementation has found that Rural India’s average monthly capital expenditure stood 71 percent lower than Urban India in the period from August 2022 to July 2023. The survey said that rural India on average, clocked a monthly Per capita consumption expenditure (MPCE…

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Mohan Charan Majhi made new Chief Minister of Odisha

In a historic development, the Bharatiya Janata Party (BJP) has formed its maiden government in the state of Odisha. After a resounding victory in the 2024 Odisha Assembly elections, the party has appointed Mohan Charan Majhi as the new Chief Minister of Odisha. He becomes the 15th Chief minister of Odisha. Swearing-in Ceremony on June…

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Prem Singh Tamang Sworn in as Sikkim Chief Minister

Sikkim Krantikari Morcha (SKM) supremo Prem Singh Tamang on June 10 took oath as the Chief Minister of the Himalayan state for the second consecutive term. The 56-year-old politician was administered the oath of office and secrecy by Governor Lakshman Prasad Acharya at a function held in Paljor Stadium in Gangtok. Who will take sworn? Along with the…

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Modi 3.0 Cabinet Portfolios Announced

Prime Minister Narendra Modi has kept 34 ministers from his previous Cabinet, including 19 Cabinet ministers, as he embarks on his third term. Prominent leaders such as Rajnath Singh, Amit Shah, Nitin Gadkari, Nirmala Sitharaman, and S. Jaishankar have retained their previous portfolios. The new Council of Ministers was unveiled a day after the swearing-in…

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Moody’s Maintains Stable Outlook on Three Indian PSU Banks’ Ratings

Moody’s Ratings (Moody’s) on Friday affirmed the Baa3 ratings on three Indian public sector banks — Bank of Baroda (BOB), Canara Bank, and Punjab National Bank (PNB). The rating agency maintained stable outlooks on the long-term ratings of all three banks, citing improved credit metrics, strong profitability, and adequate liquidity buffers. Moody’s believes that India’s…

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PM Narendra Modi Takes Oath for the 3rd term as PM

On a historic day, Prime Minister Narendra Modi took the oath of office for an unprecedented third straight term as the head of a coalition government. The swearing-in ceremony witnessed the induction of several leaders from the National Democratic Alliance (NDA) partners, reflecting the BJP’s commitment to rewarding its allies. Modi’s Remarkable Achievement At the…

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