World Updates
The 16th Finance Commission (FC) must be applauded for breaking the mould of prior FCs in what is possibly the most contentious area of fiscal federalism: ‘horizontal devolution’ or how each state’s part of India’s divisible pool of taxes is worked out. Understanding the Scope of the 16th Finance Commission In addition to the two … Read more
According to the India Bullions website, silver prices fell even further to Rs 2.33 lakh per kg in the nation’s capital on Tuesday, while gold prices fell to Rs 1.43 lakh per 10 grams as investors booked profits amid a global selloff sparked by geopolitical events and India and the US agreed to a trade … Read more
The acquisition of xAI by Elon Musk’s SpaceX reflects the billionaire’s more expensive aspirations to control artificial intelligence and space exploration. Elon Musk’s Vision Behind the SpaceX–xAI Merger Musk signed a statement on SpaceX’s website announcing the deal and confirming a previous report from Bloomberg News. According to those familiar with the situation, the deal … Read more
Finance Minister Nirmala Sitharaman stated that the government’s goal in promoting artificial intelligence (AI) is to increase productivity across a range of industries while generating skilled jobs rather than displacing labor. Artificial Intelligence Push in Budget 2026 Sitharaman emphasized that Artificial intelligence is also desired from the perspective of the orange economy and pointed out … Read more
Following the Niti Aayog’s recommendations, 136 coal blocks have been successfully auctioned since 2020, according to the government on Monday. Future allocations will also be made through a participatory bidding procedure. Government Reaffirms Auction-Only Coal Block Policy In response to supplementary questions during the Rajya Sabha’s Question Hour, Minister of State for Coal Satish Chandra … Read more