Why foreign investors are exiting India
==========

Foreign Institutional Investors (FIIs) sold Rs 1.14 lakh crore in October and Rs 42,000 crore in November 2024; peak selling previously was Rs 65,816 crore in March 2020; shift of funds from India to China due to perceived safety and growth opportunities; Chinese market saw $96 billion inflows in September 2024; Indian market median PE ratio is 21.9, with Nifty50 PE over 24; Q2 FY25 earnings growth at 3.6%, slowest in 17 quarters; geopolitical tensions and inflation concerns impacting sentiment; FIIs' share in NSE-listed companies dropped to 15.98%, lowest in 12 years; rupee fell to 84.50 against USD; analysts expect FIIs to return by early CY25 as valuations correct; CLSA raised India allocation while cutting China exposure; concerns about the sustainability of the 'Trump trade' and potential market traps for domestic investors.

#ForeignInvestment #India #China #MarketTrends #Economy #Fiis #StockMarket #Geopolitics #Earnings #Valuation

https://www.newindianexpress.com/explainers/2024/Nov/24/why-foreign-investors-are-exiting-india


Republicans win 218 US House seats, giving Donald Trump and the party control of government
==========

Republicans secure 218 House seats, gaining control of the U.S. House; Donald Trump is President-elect; GOP also controls the Senate; Trump plans largest deportation operation, tax breaks, and reshaping the economy; House Speaker Mike Johnson aims to overhaul federal programs; Trump allies signal retribution for legal troubles; Rep. Matt Gaetz nominated for attorney general; GOP holds a thin majority with potential challenges; Senate GOP confirms Trump's Cabinet picks; John Thune replaces Mitch McConnell as Senate leader; Trump's influence over GOP solidified.

#Republicans #DonaldTrump #UsHouse #Senate #Elections #Politics #Government #Majority #Legislation #2024

https://www.newindianexpress.com/world/2024/Nov/14/republicans-win-218-us-house-seats-giving-donald-trump-and-the-party-control-of-government


Donald trumps Kamala, but man to watch out for is Elon Musk
==========

Elon Musk invested $120 million in Donald Trump's re-election campaign; Musk's X platform campaigned against Kamala Harris; Trump is the oldest candidate to become President; Trump predicted to sweep 26 Republican states and battleground states; Musk's ties to China and Russia raise concerns; Musk's SpaceX has $3.6 billion contracts with the Pentagon; Musk supplied Starlink satellites to Ukraine; JD Vance, a former Trump critic, is now Trump's running mate; Trump's campaign rhetoric appeals to voters more than Harris' policies; Musk's influence could shape US military and geopolitical strategies.

#DonaldTrump #ElonMusk #KamalaHarris #UsElections #Geopolitics #Spacex #China #Russia #JdVance #Military

https://www.newindianexpress.com/web-only/2024/Nov/06/donald-trumps-kamala-but-man-to-watch-out-for-is-elon-musk


Four Indian companies among 400 sanctioned by US for 'enabling' Russia's war in Ukraine
==========

On October 31, 2024, the US imposed sanctions on 398 firms, including four from India, for aiding Russia's war efforts in Ukraine. The sanctioned Indian companies are Ascend Aviation India Pvt. Ltd., Futrevo, Shreya Life Sciences Pvt. Ltd., and Mask Trans. The US Treasury accused these firms of supplying products and services that support Russia's military activities and help it evade sanctions. Futrevo allegedly supplied high-priority items for Orlan drones, while Shreya Life Sciences sent US-trademarked technology worth millions since 2023. Ascend Aviation reportedly made over 700 shipments to Russian firms, and Mask Trans supplied aviation components worth over $300,000. The US has expressed concerns over India's growing role as a transit hub for critical goods to Russia, with India becoming the second-largest supplier of restricted technologies to Russia after China. The sanctions are part of ongoing efforts to isolate Moscow since its invasion of Ukraine in 2022.

#UsSanctions #India #Russia #Ukraine #Futrevo #AscendAviation #ShreyaLifeSciences #MaskTrans #MilitarySupport #TechnologyExport

https://www.newindianexpress.com/world/2024/Oct/31/four-indian-companies-among-400-sanctioned-by-us-for-enabling-russias-war-in-ukraine


Neither US nor China can ignore India today: Nirmala Sitharaman
==========

Union Finance Minister Nirmala Sitharaman stated that neither the US nor China can ignore India, emphasizing India's growing influence and role in technology during a panel discussion in Washington on October 23, 2024. She highlighted that one in every six people globally is Indian and discussed India's commitment to multilateralism, despite concerns over the effectiveness of current multilateral institutions. Sitharaman also mentioned India's initiatives like the Coalition for Disaster Resilient Infrastructure (CDRI) and the international solar alliance, aiming to assist developing countries in building resilient infrastructure. She participated in the Global Sovereign Debt Roundtable, advocating for improved financial frameworks and transparency in debt management.

#India #NirmalaSitharaman #Us #China #Multilateralism #BrettonWoods #Infrastructure #DisasterResilience #Technology #GlobalEconomy

https://www.newindianexpress.com/nation/2024/Oct/24/neither-us-nor-china-can-ignore-india-today-nirmala-sitharaman


'Economic prospects help India-US ties': Piyush Goyal
==========

Piyush Goyal, Union Minister of Commerce and Industry, stated that Indo-US business relations have strengthened over the past 10 years; Goyal noted that predictability and confidence in the Indian economy have improved; During his recent US visit on Oct 4, 2024, there was no negative agenda in discussions, contrasting with previous years focused on economic issues and instability; Goyal expressed confidence in PM Modi's ability to work with both Democrats and Republicans regarding potential impacts of the upcoming US presidential elections in November 2024.

#India #Us #PiyushGoyal #Commerce #Economy #BusinessRelations #Politics #DonaldTrump #PmModi #CeoForum

https://www.newindianexpress.com/amp/story/business/2024/Oct/20/economic-prospects-help-india-us-ties-piyush-goyal


US announces sanctions targeting Iran's petroleum, petrochemical sectors over Israel attack
==========

On October 12, 2024, the US announced new sanctions against Iran's petroleum and petrochemical sectors in response to Iran's October 1 missile attack on Israel. Secretary of State Antony Blinken stated that the sanctions aim to disrupt revenue streams used by Iran to fund its nuclear program and support terrorist proxies. The sanctions include measures against 16 entities involved in Iranian petroleum trade and the blocking of 23 vessels. The US Treasury, led by Secretary Janet Yellen, imposed additional sanctions on 10 entities and identified 17 vessels linked to Iranian petroleum shipments. Blinken emphasized the US commitment to holding Iran accountable for its destabilizing activities in the Middle East.

#Us #Iran #Sanctions #Israel #Petroleum #MiddleEast #Blinken #Yellen #MissileAttack #Terrorism

https://www.newindianexpress.com/world/2024/Oct/12/us-announces-sanctions-targeting-irans-petroleum-petrochemical-sectors-over-israel-attack


Inflation horse back in stable, but RBI prefers to wait again
==========

RBI keeps repo rate unchanged at 6.5% for the tenth consecutive time; Monetary Policy Committee (MPC) adopts a neutral stance; Governor Shaktikanta Das emphasizes caution despite headline inflation falling below 4% for two months; Global monetary easing led by US Federal Reserve's 50 bps cut; Food inflation remains a concern, easing to 5.6%; Growth forecast for FY25 remains at 7.2%, with quarterly estimates adjusted; Q2 inflation projected at 4.1%, Q3 and Q4 at 4.8% and 4.2% respectively; Real GDP growth for Q1 FY26 projected at 7.3%; Agriculture growth at 2%, industrial sector mixed; Private investment reaches highest GDP share since FY14; Market anticipates potential rate cut in December, but Das maintains a hawkish stance.

#Rbi #Inflation #MonetaryPolicy #ShaktikantaDas #InterestRates #GdpGrowth #FoodInflation #EconomicForecast #India #Mpc

https://www.newindianexpress.com/web-only/2024/Oct/09/inflation-horse-back-in-stable-but-rbi-prefers-to-wait-again


Has RBI waited too long to cut interest rates and is one around the corner finally?
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RBI's Monetary Policy Committee is contemplating interest rate cuts; US Fed recently cut rates by 50 bps, influencing global central banks; RBI Governor Shaktikanta Das emphasizes domestic factors in policy decisions; FY25 inflation estimate at 4.5%, below the 4% target; SBI Research predicts first rate cut may not occur until February 2025; retail inflation at 3.65% in August; concerns over potential inflation rise in September and October; RBI raised rates by 250 bps from May 2022 to February 2023; market expectations for RBI rate cuts are high; historical context shows rate cuts often precede recessions.

#Rbi #InterestRates #Inflation #UsFed #Economy #Policy #SbiResearch #ShaktikantaDas #MonetaryPolicyCommittee #FinancialMarkets

https://www.newindianexpress.com/web-only/2024/Sep/24/has-rbi-waited-too-long-to-cut-interest-rates-and-is-one-around-the-corner-finally


India not an 'abuser' of tariffs, Trump's claims unfair: GTRI
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On September 17, 2024, Donald Trump labeled India an 'abuser' of import tariffs, echoing his October 2020 statement calling India the 'Tariff King'. GTRI co-founder Ajay Srivastava countered that many nations, including the US, impose high tariffs to protect domestic industries. The WTO's World Tariff Profiles 2023 show the US imposes high duties on various products, such as dairy (188%), fruits and vegetables (132%), and cereals (193%). While India's average tariff rate is 17%, higher than the US's 3.3%, it is comparable to South Korea (13.4%) and China (7.5%). GTRI noted India's openness to free trade through FTAs with ASEAN, Japan, and South Korea, contrasting with the US's reluctance to reduce tariffs in agreements like the Indo-Pacific Economic Framework. Srivastava emphasized that high tariffs on select products do not reflect the overall tariff landscape, and many countries have similar practices.

#Tariffs #Trade #India #Trump #Gtri #Economics #Wto #Ftas #InternationalRelations #CustomsDuties

https://www.newindianexpress.com/business/2024/Sep/20/india-not-an-abuser-of-tariffs-trumps-claims-unfair-gtri-2


Sensex, Nifty open at record highs following Fed rate cut, but economic slowdown concerns weigh
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BSE Sensex and NSE Nifty50 opened at record highs on Sep 19, 2024, up 1% after the Federal Reserve cut interest rates by 50 basis points to 4.75-5%. Sensex reached an intraday high of 83,773.61 but closed at 83,184.80, up 0.29%. Nifty50 hit a high of 25,611.95, finishing at 25,415.80, up 0.15%. Broader indices faced selling pressure, with Nifty Smallcap 100 down 1.26%. Chief Macro & Global Strategist Ankita Pathak noted the Fed's cut signals a slowing economy, projecting US unemployment to rise to 4.4%. Fed Chair Jerome Powell described the cut as a 'recalibration'. Analysts expect further rate cuts and a potential RBI rate cut in December 2024. Vodafone Idea dropped 19% after a Supreme Court ruling on AGR dues.

#Sensex #Nifty #FedRateCut #EconomicSlowdown #StockMarket #India #VodafoneIdea #AgrDues #InterestRates #Investments

https://www.newindianexpress.com/business/2024/Sep/19/sensex-nifty-open-at-record-highs-following-fed-rate-cut-but-economic-slowdown-concerns-weigh


US elections: Little debate that Pennsylvania is key as Harris and Trump prepare for Philly showdown
==========

Pennsylvania is a critical swing state for the 2024 US elections; Trump and Harris are set to debate on Sep 10, 2024, in Philadelphia; the state has sided with the winner in the last two elections by narrow margins; Trump won in 2016, Biden in 2020; Harris aims to reassemble Biden's coalition, focusing on college students, Black voters, and women; Trump targets suburban voters by criticizing the Biden administration's economic policies; Ed Rendell believes Harris can outperform Biden in suburban areas; Republicans emphasize inflation and crime as key issues; voter registration gap has narrowed from 1.2 million to 350,000 since 2008; debate could influence undecided voters ahead of the election.

#UsElections #Pennsylvania #Trump #Harris #2024 #SwingState #Debate #VoterRegistration #Economy #Politics

https://www.newindianexpress.com/world/2024/Sep/08/us-elections-little-debate-that-pennsylvania-is-key-as-harris-and-trump-prepare-for-philly-showdown


Jaishankar says Chinese investments should come under thorough scrutiny
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Dr S Jaishankar emphasized the need for thorough scrutiny of Chinese investments during a session at the ET Media Conclave on Sep 1, 2024; he highlighted India's unique challenges with China, particularly ongoing border tensions; Jaishankar noted that the line between economy and security is thin regarding investments from China, especially in sectors like pharmaceuticals and telecom; he discussed the global risks over the past 15 years, including climate change and geopolitical conflicts; Jaishankar also addressed India's complicated relationships with neighboring countries, emphasizing the importance of mutual investment for regional resilience.

#Jaishankar #China #Investments #India #BorderTensions #Security #Neighborhood #GlobalRisks #Telecom #Pharmaceuticals

https://www.newindianexpress.com/nation/2024/Aug/31/jaishankar-says-chinese-investments-should-come-under-thorough-scrutiny-2


Sri Lankan President Wickremesinghe calls for deepening ties with India
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Sri Lankan President Ranil Wickremesinghe emphasized strengthening economic cooperation with India during the 3rd Voice of Global South Summit on August 17, 2024; he highlighted the importance of the Vision Statement between Sri Lanka and India for future collaboration; Wickremesinghe acknowledged India's support during Sri Lanka's economic crisis, which helped the country navigate bankruptcy; he mentioned agreements with creditor countries and institutions like the IMF and World Bank; Sri Lanka aims to finalize the Comprehensive Economic and Technological Agreement with India and enhance connectivity in various sectors; he expressed gratitude to Prime Minister Narendra Modi for India's assistance.

#SriLanka #India #RanilWickremesinghe #EconomicCooperation #Bimstec #GlobalSouth #Modi #Bankruptcy #TradeAgreements #RegionalIntegration

https://www.newindianexpress.com/world/2024/Aug/18/sri-lankan-president-wickremesinghe-calls-for-deepening-ties-with-india


Middle East's Dance of Death 3: Spillover of Israel's 'criminal' games with fate of world
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The article discusses the ongoing conflict between Israel and Palestine, highlighting the challenges to finding a military or diplomatic solution. It explores the difficulties in achieving a negotiated settlement and the unwillingness of both sides to make compromises. The article also examines the role of various countries and their interests in the region, including the US, Europe, Russia, China, and the petrostates. It discusses the impact of the conflict on the Middle East and the potential for escalation and destabilization. The article concludes by highlighting the risks of a global conflict and the need for a realistic and coherent approach to resolving the conflict.

#Israel #Palestine #MiddleEast #Conflict #Negotiations #Compromise #Us #Europe #Russia #China #Petrostates #Escalation #Destabilization #GlobalConflict

https://www.newindianexpress.com/web-only/2024/Aug/10/middle-easts-dance-of-death3-spillover-of-israels-criminal-games-with-fate-of-world


Rupee rises 8 paise to 83.89 against US dollar in early trade
==========

The Indian rupee appreciated by 8 paise to 83.89 against the US dollar in early trade. This was supported by a positive trend in domestic equities and a decline in the US dollar index. The rupee opened at 83.95 against the greenback and touched 83.89, registering a rise of 8 paise over its previous closing price. The Reserve Bank of India's monetary policy announcement has led to markets awaiting US CPI data, India CPI, WPI and IIP data, and India's trade data, all scheduled to be released next week. The Jackson Holes Symposium, to be held after next week, will also remain in focus. The rupee is likely to trade in a narrow range of 83.90/84.00 for the day after the RBI kept key benchmark rates on hold. The dollar index was trading 0.03% lower at 103.17. Brent crude, the global oil benchmark, advanced 0.15% to USD 79.28 per barrel. Market analysts do not anticipate sharp fluctuations in the rupee.

#Rupee #UsDollar #ReserveBankOfIndia #Forex

https://www.newindianexpress.com/business/2024/Aug/09/rupee-rises-8-paise-to-8389-against-us-dollar-in-early-trade


Investors become poorer by Rs 9.51 lakh crore as markets crash
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Investors' wealth eroded by Rs 9.51 lakh crore as the benchmark Sensex tanked over 2,400 points; the market capitalisation of BSE-listed firms dropped by Rs 9,51,771.37 crore to Rs 4,47,65,174.76 crore during the morning trade; the global market is reeling as bears enter with a cocktail of bad news, including fears of a reverse Yen carry trade, recession in the USA, and poor jobs data; Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, were trading sharply lower; Japan's benchmark Nikkei 225 stock index plunged as much as 8.1% early Monday; Tata Motors, Maruti, Tata Steel, Infosys, Tech Mahindra, and JSW Steel were the biggest laggards in the Sensex pack; Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,310 crore on Friday

#StockMarket #EquityMarkets #Sensex #MarketCrash #GlobalMarkets

https://www.newindianexpress.com/business/2024/Aug/05/investors-become-poorer-by-rs-951-lakh-cr-as-markets-crash


India can become world’s second-largest economy by 2031: RBI Dy Governor
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India can become the world's second-largest economy by 2031 and the largest economy by 2060, according to RBI Deputy Governor Michael Debabrata Patra. The Organisation for Economic Cooperation and Development (OECD) projects that India will overtake the US in terms of purchasing power parity (PPP) by 2048 to become the second-largest economy. Patra argues that PPP is a better measure than exchange rates for cross-country comparisons. Currently, India is the 5th largest economy in terms of exchange rate with a GDP of $3.6 trillion, but in PPP terms, it is the 3rd largest economy with a GDP of $14.5 trillion. Patra lists several positive factors contributing to India's growth prospects, including capital accumulation, macroeconomic and financial stability, and the digital revolution. He predicts that India's general government debt will decline to 78.2% of GDP by the end of the decade.

https://www.newindianexpress.com/business/2024/Jul/13/india-can-become-worlds-second-largest-economy-by-2031-rbi-dy-governor


Justice Sheel Nagu sworn-in as Chief Justice of Punjab and Haryana High Court
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Justice Sheel Nagu was sworn in as the Chief Justice of the Punjab and Haryana High Court by Punjab Governor Banwarilal Purohit. He had earlier served as the acting chief justice of the Madhya Pradesh High Court. The oath-taking ceremony at the Raj Bhavan was attended by Haryana Governor Bandaru Dattatreya, Punjab Chief Minister Bhagwant Mann, and Haryana Chief Minister Nayab Singh Saini. Justice Nagu's appointment was recommended by the Supreme Court Collegium on December 27, 2023, following the retirement of Justice Ravi Shanker Jha as the chief justice of the Punjab and Haryana High Court.

https://www.newindianexpress.com/nation/2024/Jul/09/justice-sheel-nagu-sworn-in-as-chief-justice-of-punjab-and-haryana-high-court


Man, his two sons among five dead after inhaling suspected toxic gas inside well in Chhattisgarh
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Five people, including a man and his two sons, died due to suspected inhalation of poisonous gas inside a well in Chhattisgarh's Janjgir-Champa district. The deceased have been identified as Ramchandra Jaiswal (60), Ramesh Patel (50), his two sons Rajendra Patel (20) and Jitendra Patel (25), and Tikeshwar Chandra (25), Inspector General of Police (Bilaspur Range) Sanjeev Shukla said. The incident occurred in the morning in Kikirda village under the Birra police station area. Jaiswal entered the well to retrieve a wooden strip and fainted, prompting others to enter the well. When none came out, Chandra entered the well but also became unconscious. The bodies are being retrieved by a team from the State Disaster Response Force (SDRF). The cause of death is suspected to be inhalation of poisonous gas, but a forensic team is investigating. Chief Minister Vishnu Deo Sai expressed grief over the incident.

https://www.newindianexpress.com/nation/2024/Jul/05/man-his-two-sons-among-five-dead-after-inhaling-suspected-toxic-gas-inside-well-in-chhattisgarh


Handy Tips for the Argumentative Indian
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The article discusses the polarizing political situation in India and offers tips for engaging in political discussions without damaging relationships. The author shares personal experiences of being an 'Argumentative Indian' and emphasizes the importance of creating a respectful environment, focusing on specific issues, and practicing active listening. The article highlights that heated arguments can lead to strained relationships and negative health effects. The tips provided aim to promote constructive dialogue and a healthier exchange of ideas.

#PoliticalDiscussions #Relationships #Health #ConstructiveDialogue

https://www.newindianexpress.com/magazine/voices/2024/Jun/08/handy-tips-for-the-argumentative-indian


A Coalition Government Will Give Voice to the Ignored Minority
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After a marathon election, India will have a coalition government to represent the diverse interests and regions of the country. Coalition governments ensure that policies are not forced through with the brute force of a majority and that minority voices are not silenced. The delimitation of constituencies in 2027 is a delicate task that must be approached with sensitivity to maintain the balance of power among states. A coalition government is best suited for this exercise. While coalition governments may be more susceptible to instability and disagreement, they are the beating heart of democracy and prevent autocracy and centralization of power. The new government should prioritize meaningful debates in Parliament and focus on improving social indicators for the majority of common people. The election results serve as a warning to the previous regime to not take the common people for granted. The article is written by Anand Neelakantan, author of Asura, Ajaya series, Vanara, and Bahubali trilogy.

#CoalitionGovernment #MinorityRepresentation #IndianDemocracy #DelimitationOfConstituencies

https://www.newindianexpress.com/magazine/voices/2024/Jun/08/a-coalition-government-will-give-voice-to-the-ignored-minority


A mega response to MAGA
==========

In about a week, elections will determine the complexion of a new European parliament. Polls project right and far-right parties may increase representation. Macron wants to make Europe great again by accelerating self-reliance in various sectors, making Europe a world leader in technology, and strengthening European defense capacity. He believes Europe needs to protect its culture and develop reciprocal partnerships with other regions. The objective is a Europe that is not a "vassal of the US", but a "power of balance". The outcome of the Euro elections may influence this process.

#EuropeanElections #Macron #Europe #Selfreliance #Technology #DefenseCapacity

https://www.newindianexpress.com/opinions/2024/May/29/a-mega-response-to-maga


Rohit’s privacy breach a wakeup call for all
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India captain Rohit Sharma has spoken out against repeated breaches of privacy in the lives of cricketers, stating that cameras are recording their every step and conversation, even in private settings. He cited an incident where the official IPL broadcaster aired a private conversation of his, despite his request not to do so. This raises concerns about the ownership of footage by broadcasters and the need to protect players' privacy. The broadcaster has denied airing any private conversation but should engage with the league and players to prevent such breaches in the future.

#RohitSharma #PrivacyBreach #Cricketers #Ipl #Broadcasters

https://www.newindianexpress.com/editorials/2024/May/22/rohits-privacy-breach-a-wakeup-call-for-all


Inheritance tax: An economic blunder
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Sam Pitroda, Chairman of the Indian Overseas Congress, has spoken in favor of introducing an "inheritance tax" in India, citing the US as an example. Inheritance tax refers to the transfer of property or assets to heirs upon the demise of their previous owner. In France, citizens that inherit properties pay between 5 and 60% in inheritance tax. In the US, different states have different rates of inheritance taxes. The re-introduction of a probable inheritance tax in India is concerning, as it will adversely affect the accumulation of wealth amongst the middle-class families. In 1985, the administration under Late Rajiv Gandhi’s government abolished the Estate Duty Act of 1963. The concept of inheritance tax would deter entrepreneurial spirits, investments, and lead to a capital flight and loss of talent. It would also lead to non-declaration of wealth, tax evasion, and the introduction of a parallel economy. In a fast-developing economy like India, incentivizing private investment and entrepreneurship should take precedence over imposing additional taxes on wealth transfer.

#InheritanceTax #WealthDistribution #MiddleclassFamilies #EconomicBlunder #Entrepreneurship #WealthAcquisition

https://www.newindianexpress.com/opinions/2024/May/12/inheritance-tax-an-economic-blunder-2


It's the economy, stupid: How the Modi, Manmohan and Vajpayee years compare on growth front
==========

India's per capita GDP during the UPA years fell compared to its peers, while it increased during the Modi years. In 2004, India's per capita GDP was 35% of its peer group, but by 2014, it fell to 30%. However, in the Modi years, India increased this ratio to 37% in 2019 and further to 42% in 2024. During the Vajpayee years, the ratio rose from 30% to 35%, but fell back to 30% at the end of UPA. India's economy lagged behind its peers when the Congress was in power. India's per capita GDP crossed that of Pakistan in 2006-07 and that of sub-Saharan Africa in 2015. India's economic size relative to China shrunk from 37% in 2004 to 19% in 2014, but increased to 22% in 2024. India's GDP growth and per capita GDP growth were lower than other BRIC countries. India is expected to become the third largest economy by 2029, 14 years ahead of the target set by the UPA government in 2014.

#Economy #Gdp #Upa #Modi #ManmohanSingh #Vajpayee #Growth

https://www.newindianexpress.com/web-only/2024/Apr/20/its-the-economy-stupid-how-the-modi-manmohan-and-vajpayee-years-compare-on-growth-front


TSS artists to infuse policies of Congress government in new compositions in Telangana
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The Telangana Samskruthika Sarathi (TSS), which played a key role in the separate statehood movement, is now crafting melodies to reflect the policies of the Congress government in Telangana. Under the previous TRS government, the TSS drew upon compositions from the Telangana movement, but with the Congress coming to power and A Revanth Reddy becoming chief minister, the TSS is set to bring in a fresh wave of creativity. Revanth used folk songs composed by artists like Nalgonda Gaddar Narsanna to connect with voters during the Assembly polls, which had a profound impact on voters and even caught the attention of senior party leaders. The TSS is now working on new songs to explain government policies and programs through song and dance, aiming to bridge the gap between administration and the grassroots.

https://www.newindianexpress.com/states/telangana/2024/Apr/15/tss-artists-to-infuse-policies-of-congress-government-in-new-compositions-in-telangana


'Seriously concerned': India on escalating hostilities between Israel, Iran
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India expressed serious concern over the escalating hostilities between Israel and Iran, following Iran's retaliatory attack on Israel in response to a suspected Israeli strike on its consulate in Damascus. India called for immediate de-escalation and a return to diplomacy. The Ministry of External Affairs stated that India's embassies in the region are in close contact with the Indian community. India is closely monitoring the situation and emphasized the importance of maintaining security and stability in the region. The Iranian military seized a cargo ship with Israeli links near the Strait of Hormuz, which has 17 Indian crew members. The US military assisted Israel in intercepting the majority of the drones and missiles launched by Iran. US President Joe Biden condemned the attacks and reaffirmed the US's commitment to Israel's security. He also announced plans to convene a meeting with G7 leaders to coordinate a diplomatic response to Iran's attack.

#India #Israel #Iran #Hostilities #Diplomacy

https://www.newindianexpress.com/nation/2024/Apr/14/seriously-concerned-india-on-escalating-hostilities-between-israel-iran


World reactions to Iran strikes on Israel
==========

Countries around the world condemned Iran's strikes on Israel late Saturday, warning the attack threatened to further destabilise the Middle East. US President Joe Biden promised "ironclad" support for Israel after holding an urgent meeting with top security officials. UK Prime Minister Rishi Sunak condemned the "reckless" strikes, which he said "risk inflaming tensions and destabilising the region. Iran has once again demonstrated that it is intent on sowing chaos in its own backyard." The European Union's foreign affairs chief Josep Borrell said the strikes were "an unprecedented escalation and a grave threat to regional security". UN Secretary-General Antonio Guterres condemned "the serious escalation represented by the large-scale attack launched on Israel by the Islamic Republic of Iran". Cairo's foreign ministry expressed its "deep concern" at the escalation of hostilities and called for "maximum restraint". The Saudi foreign ministry issued a statement voicing its concern at the "military escalation" and calling on "all parties to exercise utmost restraint and spare the region and its peoples from the dangers of war". China's foreign ministry also urged restraint, characterising the attack as "the latest spillover of the Gaza conflict" and calling for the implementation of a recent UN Security Council resolution demanding a ceasefire there. France's Foreign Minister Stephane Sejourne said that "in deciding to take this unprecedented action, Iran has reached a new level in its acts of destabilisation and is risking a military escalation". Berlin's top diplomat also warned the attack would have a destabilising effect, and urged Tehran to halt the strikes. Canadian Prime Minister Justin Trudeau unequivocally condemned Iran's airborne attacks and expressed support for Israel. Spanish Prime Minister Pedro Sanchez called for restraint and to avoid a regional escalation. The office of Argentine President Javier Milei expressed solidarity and unwavering commitment to Israel in the face of the attacks.

https://www.newindianexpress.com/world/2024/Apr/14/world-reactions-to-iran-strikes-on-israel


'It’s scary that my privacy is not safe in court,' says survivor in Kerala actor assault case
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The survivor in the 2017 actor abduction and sexual assault case expressed shock over the report of a judicial probe into the alleged unauthorized access of a memory card containing the visuals of the assault while it was in the custody of court. The survivor's privacy was violated as the hash value of the memory card got changed multiple times. The survivor will continue to fight for justice and believes in the sanctity of the judiciary. The survivor approached the High Court with the details of the inquiry report and a petition to quash the report and order a court-monitored probe by a special police team. The judicial probe revealed that certain individuals accessed the memory card. The survivor expressed concern that her privacy is not currently safe in court.

https://www.newindianexpress.com/states/kerala/2024/Apr/14/its-scary-that-my-privacy-is-not-safe-in-court-says-survivor-in-kerala-actor-assault-case


The choice — the repeat of 2014-24 or throwback to 1989-98?
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The article discusses the choice before the people in the upcoming elections in India. It highlights four main issues: the need for a stable government, a leader who can deliver development and national security, an Indian leader who can provide global leadership and protect national interests, and the possibility of repeating the Modi decade or going back to the 1989-98 era. The article provides an overview of Modi's achievements in his first and second terms, including economic reforms, counter-terrorism measures, and foreign policy decisions. It also mentions Modi's vision for a developed India by 2047. The article contrasts Modi's accomplishments with the INDI Alliance, which is seen as less likely to provide a stable government and development. The choice before the people is whether to support Modi's vision or go back to a decade of multiple prime ministers and elections.

#IndianElections #NarendraModi #IndiAlliance

https://www.newindianexpress.com/nation/2024/Apr/14/the-choice-the-repeat-of-2014-24-or-throwback-to-1989-98


Italian fashion designer Roberto Cavalli passes away at 83
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Italian fashion designer Roberto Cavalli, known for his flamboyant style, has passed away at the age of 83. Cavalli had been ill for a long time and had been in and out of the hospital for checkups. His family confirmed the news to The Hollywood Reporter. Cavalli's company also issued a statement on social media, praising his talent and creativity. Cavalli gained popularity in the 1970s for his animal prints and revolutionized denim in the mid-1990s. He opened his first boutique in St. Tropez in 1972. Cavalli retired from his label in 2015 and the business was later acquired by a Dubai-based investment firm. Cavalli is survived by his partner and six children.

https://www.newindianexpress.com/entertainment/english/2024/Apr/13/italian-fashion-designer-roberto-cavalli-passes-away-at-83-2


Contempt case filed by M S Dhoni against Ex IPS officer: SC extends stay of Madras HC's sentencing order
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The Supreme Court has extended the interim stay of the Madras High Court's decision to sentence former IPS officer G Sampath Kumar to 15 days of simple imprisonment in a contempt petition filed by former Indian cricketer Mahinder Singh Dhoni. Dhoni had filed the contempt petition in 2022, alleging that Kumar made derogatory remarks against the Supreme Court. The Supreme Court's two-judge bench, led by Justice A S Oka and Justice Ujjal Bhuyan, stated that the interim order will continue until further orders and scheduled the next hearing for May 3. The Madras High Court had previously suspended the sentence for 30 days to allow Kumar to appeal before a higher court. Dhoni's contempt petition claimed that Kumar stated that the Supreme Court deviated from the rule of law and kept the deposition of the Justice Mudgal Committee in a sealed cover.

#ContemptCase #MSDhoni #ExIpsOfficer #SupremeCourt #MadrasHighCourt

https://www.newindianexpress.com/nation/2024/Apr/12/contempt-case-filed-by-m-s-dhoni-against-ex-ips-officer-sc-extends-stay-of-madras-hcs-sentencing-order


India third largest start-up economy: Start-up Odisha's Omkar Rai
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India has become the third largest startup economy in the world, ranked behind the USA and China. Start-up Odisha's executive chairman, Omkar Rai, made this announcement at the inauguration of 'SOA E-Summit-2024' at the Institute of Technical Education and Research (ITER) in Bhubaneswar. Rai emphasized the need for students to show interest in startups to become self-dependent and job providers. Odisha has 1,940 recognized startups, including 151 in the agricultural sector, 25 in artificial intelligence, 27 in automotive, 13 in telecommunication and networking, 133 in the education sector, 2 in conventional energy, and 22 in renewable energy. The university is also focusing on innovation in engineering, technology, and other curriculum areas. The Atal incubation center in SOA will soon gain prominence. IIT-Hyderabad recently praised two projects from SOA, one in the agricultural sector and the other in dental sciences. Omkar Rai also inaugurated a start-up expo and a 24-hour idea prototype hackathon.

#India #StartupEconomy #StartupOdisha #OmkarRai #SoaEsummit2024 #InstituteOfTechnicalEducationAndResearch #Entrepreneurship #Innovation #IncubationCenters

https://www.newindianexpress.com/states/odisha/2024/Apr/07/india-third-largest-start-up-economy-start-up-odishas-omkar-rai


Prithviraj Sukumaran-starrer 'The Goat Life' crosses Rs 100 crore mark globally
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Prithviraj Sukumaran's survival drama 'The Goat Life' has collected over Rs 100 crore in worldwide gross collection within nine days of its release. The movie, directed by Blessy and based on the novel 'Aadujeevitham' by Benyamin, follows the real-life story of Najeeb, a Malayali immigrant laborer forced into slavery as a goatherd in Saudi Arabia. The film's team is ecstatic and grateful for the response and hopes it continues to reach more people. Prithviraj Sukumaran, who distributed the film through Prithviraj Productions, celebrated the milestone on Instagram. The film also features Amala Paul, K.R.Gokul, Jimmy Jean-Louis, Talib al Balushi, and RikAby in pivotal roles, with music by A R Rahman and sound design by Resul Pookutty.

#PrithvirajSukumaran #TheGoatLife #Aadujeevitham #Blessy #Benyamin #Najeeb #MalayalamFilm #BoxOffice #Success

https://www.newindianexpress.com/entertainment/malayalam/2024/Apr/06/prithviraj-sukumaran-starrer-the-goat-life-crosses-rs-100-crore-mark-globally-2


Kuki activist, ‘Veerappan hunt’ victims vouch for Annie Raja in Wayanad
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Kuki community activist Glady Vaiphei Hunjan and victims of police brutality in Sathyamangalam forests are campaigning for Annie Raja in Wayanad. Glady praises the support of the people of Kerala during the Manipur riots and the Left parties' stance on human rights violations. The Kuki-Zo community in Manipur has faced state-sponsored violence, leading them to refrain from voting. Annie Raja has supported the victims in their fight for justice and took them to meet the prime minister and the National Human Rights Commission. The victims received compensation of ₹10 crore as a result.

#AnnieRaja #Wayanad #KukiCommunity #VeerappanHunt #PoliceBrutality #HumanRightsViolations #ManipurRiots

https://www.newindianexpress.com/states/kerala/2024/Apr/06/kuki-activist-veerappan-hunt-victims-vouch-for-annie-raja-in-wayanad


The Gfx yugam in Mollywood
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The Eunoians Studio, a team of creative workers in the animation field, made a mark in Mollywood with its monochrome sequence in the movie Bramayugam. The team, consisting of artists, scriptwriters, motion graphic designers, compositors, storyboard artists, character designers, background artists, illustrators, designers, animators, motion graphic artists, and editors, worked on the project for a month and finished the sequence before the movie went for censoring. The finished product received applause and calls for more work from the Tamil and Telugu film industries. The Eunoians Studio started as a group of six freelancers who coached themselves in animation and related topics. They later ventured into making small animated explainer videos for start-ups and awareness videos for NGOs and world bodies such as the World Health Organization and the World Wildlife Fund. Their next project is part of Kerala Tourism's makeover project called 'The Crossover Stories'. The team has also worked on signature films for Mammootty Kampany and Blessy's production house, Visual Romance. They have also worked on advertisement projects for brands like Medimix and Malabar Gold. The team is now focusing on the future of animation, including Augmented, Virtual, Extended, and Mixed realities.

https://www.newindianexpress.com/cities/kochi/2024/Apr/04/the-gfx-yugam-in-mollywood


Kerala Lok Sabha candidates go on ‘chambikko’ mode with filmy posters to woo voters
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Candidates in the Kerala Lok Sabha elections are using film posters, book covers, and cinematic dialogue memes to attract voters. This trend started in 1984 when campaign material for a Left candidate featured their photo instead of just the party symbol. The use of creative designs and slogans inspired by popular film dialogues aims to grab the attention of young voters and imprint the names and images of the candidates in their minds. Examples include Shashi Tharoor, the UDF candidate in Thiruvananthapuram, who is using a poster featuring the Manjummel Boys, and the NDA rival who is using an Avesham poster. The trend has evolved to include vibrant 'vibe' posters aimed at wooing netizens. The article emphasizes the importance of visual appeal and creative content in attracting voters.

#Kerala #LokSabhaElections #CampaignMaterial #FilmPosters #BookCovers #CinematicDialogueMemes #CreativeDesigns #Slogans #YoungVoters

https://www.newindianexpress.com/states/kerala/2024/Apr/01/dd}}-34


Rs 26,000 crore disbursed from treasury in March: Kerala Finance minister
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The state treasury disbursed Rs 26,000 crore in March, compared to Rs 22,000 crore last year. Kerala Finance Minister K N Balagopal stated that the state ensured adequate spending in all sectors despite opposition claims of economic collapse. Salary, pension, and loan repayment were all done on time. The state is expecting a favorable interim order from the Apex Court on a petition against the Centre blocking grants. Revenue generated by the state has increased.

https://www.newindianexpress.com/states/kerala/2024/Apr/01/dd}}-32


'Hot Spot': Boundaries of love
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Director Vignesh Karthick discusses his film 'Hot Spot' which consists of four different stories. One story explores the role reversal of a newly married couple, questioning societal norms. Another story focuses on an over-possessive boyfriend from a feminist angle. The segment with Kalaiyarasan addresses the toxicity of reality shows and the impact on children's innocence. The film also tackles the controversial boundaries of endogamy. Vignesh believes the film will impart important messages and address social media backlash. He aimed for an A certificate and wants to primarily cater to the theater and OTT audience.

https://www.newindianexpress.com/entertainment/tamil/2024/Mar/28/hot-spot-boundaries-of-love


CJI stresses need for free thinking in legal career in Andhra Pradesh
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Chief Justice of India DY Chandrachud emphasized the importance of valid evaluation and free thinking in the legal profession and the role of law education as a tool for serving society and fulfilling a social responsibility. He urged students to view the legal profession as a social responsibility and prioritize reason and justice over confrontational tactics. Chandrachud encouraged students to engage in free thinking and explore global issues during their college years. He highlighted the value of asking difficult questions and challenging conventional wisdom. Chandrachud also emphasized the importance of listening to opponents carefully and employing reason and common sense in legal practice. SVU vice-chancellor Prof V Sreekanth Reddy, registrar O Md Hussain, SVU College of Arts principal G Padmanaban, and dean of law VRC Krishnaiah felicitated Chief Justice of India Chandrachud for his insightful remarks and contributions to the legal field.

https://www.newindianexpress.com/states/andhra-pradesh/2024/Mar/27/cji-stresses-need-for-free-thinking-in-legal-career-in-andhra-pradesh


Fake doctor menace: HC irked over govt response
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The Orissa High Court expressed dissatisfaction with the state government's affidavit in response to a PIL on the menace of fake doctors. The court had previously directed the government to file an affidavit indicating whether any surveillance mechanism to identify fake doctors is operational in the state. The court has now directed the commissioner-cum-secretary of Health & Family Welfare department to file an affidavit on the surveillance mechanism within two weeks. The court expects the president of Odisha Council for Medical Registration (OCMR) to consider suggestions for identifying genuine doctors in a way that even an illiterate person can distinguish between a genuine doctor and a fake doctor.

#OrissaHighCourt #FakeDoctors #SurveillanceMechanism #OdishaCouncilForMedicalRegistration #Health&FamilyWelfareDepartment

https://www.newindianexpress.com/states/odisha/2024/Mar/07/fake-doctor-menace-hc-irked-over-govt-response


India to grow at 6.8 per cent in FY25, to become upper middle-income country by 2031
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Crisil Ratings projects India's GDP growth at 6.8% in the next fiscal year. The Indian economy is expected to double to USD 7 trillion by 2031, becoming an upper middle-income nation. The next seven fiscals (2025-2031) will see the Indian economy crossing the USD 5 trillion-mark and inching closer to USD 7 trillion. India is currently the fifth largest economy in the world, and Crisil expects it to expand to USD 6.7 trillion by fiscal 2031. By fiscal 2031, India will be the No. 3 economy and an upper-middle income country. Challenges to growth outlook include geopolitics, slowing potential growth, climate change, and technological disruptions. Manufacturing and services sectors are projected to grow 9.1% and 6.9% respectively between fiscals 2025 and 2031.

#India #GdpGrowth #UpperMiddle-income #Economy #CrisilRatings

https://www.newindianexpress.com/business/2024/Mar/06/india-to-grow-at-6-8-pc-in-fy-25-to-become-upper-middle-income-country-by-2031


Biden says too many Americans are saddled with school debt as he cancels federal loans for 153,000
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President Joe Biden announced the cancellation of federal student loans for nearly 153,000 borrowers as part of a new repayment plan. The loan relief is aimed at addressing the issue of unsustainable debt in exchange for a college degree. The administration began sending email notifications to the borrowers who will benefit from the program, which is called the SAVE plan. The first round of forgiveness from the SAVE plan will clear $1.2 billion in loans. Biden remains committed to fixing the student loan system despite the Supreme Court striking down his plan for widespread forgiveness. Borrowers are eligible for cancellation if they are enrolled in the SAVE plan, originally borrowed $12,000 or less, and have made at least 10 years of payments.

#Biden #StudentLoans #DebtCancellation #RepaymentPlan #SavePlan

https://www.newindianexpress.com/world/2024/Feb/22/biden-says-too-many-americans-are-saddled-with-school-debt-as-he-cancels-federal-loans-for-153000


Arvind Kejriwal, his family members to visit Ayodhya
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Delhi Chief Minister Arvind Kejriwal and his Punjab counterpart Bhagwant Mann will visit Ayodhya on Monday to pay obeisance at the newly built Ram temple. Kejriwal was invited to the January 22 consecration ceremony but had said that he wanted to visit the temple later with his family. Kejriwal and Mann will be accompanied by their families. Kejriwal did not attend the consecration ceremony on January 22, but the AAP had organized events in Delhi to celebrate the occasion. Kejriwal had expressed his desire to visit for a darshan of Ram Lalla along with his wife and children.

https://www.newindianexpress.com/cities/delhi/2024/Feb/12/arvind-kejriwal-his-family-members-to-visit-ayodhya


Duty concession on gold will be major concern for India under proposed FTA with Peru: Economic think tank
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Duty concessions on gold, which accounts for 80 per cent of India's imports from Peru, is the most challenging issue for New Delhi under the proposed free trade agreement with the South American nation. The next round of talks is expected to start this week in Lima, Peru. Tariff concessions on gold, accounting for USD 1.8 billion or 80 per cent of India's imports from Peru in FY23, is the most challenging issue for India. After tariff concessions under the India-UAE free trade agreement, gold imports from the UAE, India's second-largest gold supplier, doubled in 2023 compared to 2022. Peru, the fifth-largest supplier to India, could see a similar surge in gold imports if concessions are made. In 2023, India's global imports of unwrought gold are estimated at USD 43 billion, with Switzerland accounting for 40 per cent of these imports. FTAs offer concessions on effective duties rather than on the bound duty. Excluding gold from an FTA would violate the World Trade Organization's Article XXIV, which requires duty cuts on substantial trade for FTAs. Peru has a bilateral trade pact with major economies like the US, EU, China, Australia, and Singapore. Negotiations for the agreement started in 2017, and the fifth round concluded in August 2019. During 2022-23, the bilateral trade between India and Peru stood at USD 3.12 billion (exports USD 866 million and imports USD 1.4 billion). Key Indian exports to Peru include motor vehicles/cars (USD 282 million), cotton yarn (USD 101 million), electrical and electronics (USD 51.3 million), machinery (USD 50.2 million), tyres (USD 17 million), and pharmaceuticals (USD 87.3 million), while imports items include gold (USD 1.77 billion), copper ores and concentrates (USD 391 million), silver (USD 14.5 million).

#India #Peru #Fta #Gold #TradeAgreement

https://www.newindianexpress.com/business/2024/Feb/11/duty-concession-on-gold-will-be-major-concern-for-india-under-proposed-fta-with-peru-gtri


Peroorkada flyover: Thiruvananthapuram district administration to issue 19(1) notification next week
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The revenue wing of the Thiruvananthapuram district administration will issue the 19(1) notification under the ‘Right of Fair Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement Act-2013’ for the development of the proposed flyover at Peroorkada next week. The construction of the 874-metre-long, two-lane flyover is likely to begin in April. The tender for the construction of the flyover will be floated in March. Once the 19(1) notification is issued, the compensation disbursal will begin in February. The flyover will start near Lourdes Church in Peroorkada and end near St Jude’s Church, Vazhayila. The total cost of the project is Rs 106 crore, with Rs 55 crore allocated for land acquisition and the remaining amount for construction. The Roads and Bridges Development Corporation of Kerala Ltd (RBDCK) is the implementing agency of the project. There is also a proposal to widen the road at Ambalamukku by 21m, with approval received from the Kerala Infrastructure Investment Fund Board (KIIFB).

#PeroorkadaFlyover #ThiruvananthapuramDistrictAdministration #19(1)Notification #LandAcquisition #Compensation #Construction #LourdesChurch #StJude’sChurch #RoadsAndBridgesDevelopmentCorporationOfKeralaLtd #Ambalamukku #KeralaInfrastructureInvestmentFundBoard

https://www.newindianexpress.com/cities/thiruvananthapuram/2024/Feb/02/peroorkada-flyover-thiruvananthapuram-district-administration-to-issue-191-notification-next-week