Day: October 15, 2024

News: Class action lawsuits are gaining prominence in India following recent cases against Ola Electric Ltd and Jindal Poly Films Ltd. Also, CCPA has issued show cause notice to Ola Electric after several complaints were received against it. 1. Class Action: It is a legal recourse in which a group of people with common grievance… Continue reading What are class actions, why are such lawsuits on the rise in India?

News: India is building a consortium of state-run port ventures to acquire and develop foreign ports and terminals as it seeks to strengthen its maritime heft. The focus will be on potential development opportunities along INSTC, IMEC, Eastern Maritime Corridor. 1. International North South Transport Corridor (INSTC): It is a proposed 7200 km long multi… Continue reading India builds a port consortium to snap up foreign assets

News: Inflation in India’s wholesale prices hiked up to 1.84% in September from 1.31% in August, with food prices surging to a two-year high of 9.5% from August’s 10- month low of 3.3%. 1. Wholesale Price Index (WPI): It is an economic indicator that captures the changes in the prices of goods at the wholesale… Continue reading September wholesale food prices leapt 9.5%

News: Last week, the India-Russia working group on cooperation in the Northern Sea Route (NSR) held their first meeting. The meeting discussed targets for Indian- Russian cargo transit, possible training of Indian sailors for polar navigation and development of joint projects in Arctic shipbuilding. 1. Northern Sea Route (NSR): It is a maritime route about… Continue reading India discusses training of sailors for polar navigation with Russia