Latest News Infotoday

Jakarta Murugan Temple: A New Spiritual Landmark for Unity and Heritage Marking the Maha Kumbhabhishekam Ceremony on 2 February 2025

January 16, 2025

The Jakarta Murugan Temple, also known as Shri Sanathana Dharma Aalayam, is set to become Indonesia’s first-ever temple dedicated to Lord Murugan, standing as a beacon of spirituality, culture, and unity. The highly anticipated Maha Kumbhabhishekam Ceremony will be held on Sunday, 2 February 2025, from 7:45 AM to 7:00 PM, to inaugurate this iconic landmark.

The temple’s journey began on 14 February 2020, with a historic Groundbreaking Puja led by renowned priests from India and Malaysia. The ceremony was inaugurated by the Governor of DKI Jakarta and attended by prominent figures, including members of the People’s Consultative Assembly and House of Representatives, the Indian Ambassador, and leaders from various religious and cultural organizations. This event highlighted the spirit of solidarity among Indonesia’s multicultural and multi-ethnic society.

Built on a 4,000-square-meter plot graciously donated by the DKI Jakarta Government, the temple is located in the western part of Jakarta. Designed as more than a place of worship, the temple will feature:

Shrines dedicated to Lord Murugan and other deities.
A multipurpose hall for community and cultural events.
A Museum of Indo-Indian Heritage in Indonesia, showcasing the historical connection between the two cultures.
Lush gardens, providing a serene atmosphere for reflection and meditation.

The temple symbolizes the harmonious blending of Indian, Balinese and Javanese traditions while embracing the values of Pancasila. It serves as a unifying space for spiritual practices, cultural exchange, and tourism.

The Maha Kumbhabhishekam Ceremony will be led by His Holiness Dr. Sivasri K. Pichai Gurukkal, a Vikashratna Awardee, and supported by 72 Gurukals from India. This sacred event invites spiritual leaders, devotees, and the broader public to come together in prayer and celebration, honoring Lord Murugan, the divine protector and source of infinite grace.

Event Details:

Date: Sunday, 2 February 2025
Time: 7:45 AM – 7:00 PM
Location: Jakarta, Indonesia

The Jakarta Murugan Temple will not only serve as a spiritual sanctuary for the Indo-Indian community but also as a destination for tourists to experience the richness of Indonesia’s diverse cultural and religious heritage.

This milestone was made possible through the dedication of organizations like Gema Sadhana and Shri Sanathana Dharma Aalayam Trust, as well as the unwavering support of the local government and community leaders.

For more information, please visit:

https://jktmurugantemple.org/mk2025/

Contact:

Manivasugen (+628126446342)

Sarwan Kumar (+62811155933)

May Lord Murugan’s blessings bring health, harmony, and prosperity to all.

Om Swastyastu, Vanakkam, Namaskar, Om Shanti Shanti Shanti Om.

Latest News

Seema Vandan Yatra Completes First Phase: Celebrating the Spirit and Potential of Border Villages

December 30, 2024

Sri-Ganganagar (Rajasthan) [India], December 30: The Seema Vandan Yatra, a pioneering initiative aimed at rejuvenating India’s border villages, concluded its first phase on December 27, 2024. This transformative journey, led by Nachiket Joshi, Entrepreneur, Philanthropist & Convenor of Manthan, Seema Jagran Manch, the Campaign on Rejuvenation of Border Villages, witnessed a remarkable exchange of ideas, collaboration, and community engagement.

Commencing from Somnath, Gujarat, on December 19, 2024, the Yatra traversed through several key border villages across Gujarat and Rajasthan. The route included Somnath, Porbandar, Dwarka, Jamnagar, Mandvi, Lakhpat, Tharad, Kelnor, Karamwala, Kishangarh, Pokhran, Longewala, Nachana, amongst other places along the route and culminated in Hindu Malkot, Sri-Ganganagar, Rajasthan. The initiative focused on understanding the challenges and aspirations of these resilient communities while celebrating their cultural heritage and contributions to national pride.

The Yatra explored the lives of residents in coastal villages, observing traditional livelihoods such as fishing and understanding their deep-rooted connection to the sea. Participants were inspired by their resilience and the meticulous practices honed over generations, which reflect the spirit of coastal and border communities. The team visited schools, interacted with children to inspire and understand their aspirations, and stayed in homes within the villages, gaining first-hand insights into the daily lives of border residents. Communities were felicitated for their resilience and bravery in living on the first line of defence, highlighting their pivotal role in safeguarding the nation.

On December 25, the Yatra paid tribute to former Prime Minister Atal Bihari Vajpayee on his birth anniversary in Sonu Gram Panchayat, Rajasthan. The event featured heartfelt remembrances of Vajpayee’s leadership and an inspiring dialogue with village leaders to chart a path for sustainable development, emphasizing education, healthcare, and grassroots empowerment.

The Yatra also included meaningful engagements with religious leaders and members of the Border Security Forces (BSF), recognizing their pivotal contributions to maintaining harmony and security in these sensitive regions. Their insights and support underscored the critical importance of unity and collaboration in driving development and national pride.

Nachiket Joshi, remarked, “The Seema Vandan Yatra has been a journey of gratitude and purpose. Our border villages are not just geographical boundaries; they are the soul of our nation, rich in spirit and potential. Together, we will translate these aspirations into actionable development”, he further added, “Honourable Prime Minister Narendra Modi has been instrumental in bringing attention to the significance of border tourism. This initiative aligns with his vision to not only strengthen the infrastructure in these regions but also celebrate their cultural and historical richness, fostering pride and unity across the nation.”

One significant observation during these interactions was the migration of families in search of better opportunities, reflecting their aspiration for growth and progress. This presents a valuable opportunity to channel efforts toward creating sustainable solutions that enhance local infrastructure, generate livelihoods, and ensure these vibrant communities can thrive while preserving their unique cultural and geographical identity.

The initiative garnered active participation from a diverse group, including NGOs such as Wey We Empower You Foundation, Prakruti Environmental Protection and Research Centre, and RC Dalal Trust. Volunteers like Rishi Goswami and Bibhanshu Baibhav, interns with a deep passion for social impact, also contributed significantly. Additionally, the Yatra was joined at various stages by notable individuals, including Senior Advocate Devendra Saini (Supreme Court), Professional Ishita, Dr. Panav Manek, Assistant Professor Jagdish Bishnoi, Narendra Bishnoi, and others from academic and professional spheres. Their collective engagement highlighted the strength of collaboration in driving meaningful development and transformation.

Reflecting on the Yatra, Shirin Udhas Aggarwal, Founder-Director of Wey We Empower You Foundation, shared, “This journey was an eye-opener to the immense potential of our border villages. Their strength and spirit inspire us to work collectively toward sustainable development and a brighter future.”

By covering critical border areas, the Yatra highlighted the unique challenges and opportunities present in these regions. As the first phase concluded on December 27, the Seema Vandan Yatra left behind not only plans for infrastructure, education, and healthcare but also an enduring spirit of hope and national pride. It sets the stage for sustained efforts in transforming border villages into thriving hubs of progress and unity.

Latest News

What is the Next Growth Story of BHARAT?

December 6, 2024

New Delhi [India], December 5: The Renewable sector has seen growth stories in Solar Energy, Wind Energy and Bio Ethanol. The next growth story in this sector is BIODIESEL.

The reason for the Biodiesel growth story is not far to seek.

BHARAT has made several commitments for Green House Gas reductions and has shown the World the way to ensure development and at the same time reduce Carbon emissions. Due to various pro-active actions taken, BHARAT is well on way to achieve Net Zero Emission status as per target due to the progress of Solar, Wind, Ethanol etc.

BIODIESEL is recognized world over as a very important tool to reduce emissions and fight global warming. The main reason is that Biodiesel is made from renewable sources and can be an import substitute in long run especially for developing Countries.

BHARAT had announced the National Policy on Biofuels in 2021 with an intent to contribute to National Energy Security, to mitigate Climate Change, to create new employment opportunities in sustainable manner

NPB thus has framed guidelines for promoting growth of few Renewables like, Ethanol, Biodiesel, Drop-in Fuels, Biogas. AS per the NPB, a blend of 20 % Ethanol and Biodiesel is required in petroleum-based Diesel.

For meeting the 20% blend, the demand for Biodiesel will be about 200 lakh Metric tonnes per year given the fact that BHARAT currently consumes about 1000 lakh Metric Tonnes of Petroleum Diesel.

Under this NPB, renewable fuels like Ethanol, Biogas, biomass etc have progressed greatly due to various incentives given by Government. It appears that focus is now shifted to BIODIESEL to further reduce Carbon emissions at accelerated pace and meet the goals of NPB.

BIODIESEL has to be blended into normal diesel by the Public Sector Oil Marketing Companies (PSU OMC) including Indian Oil, Bharat Petroleum, Hindustan Petroleum. Accordingly, the PSU OMC have jointly announced Tenders for purchase of Biodiesel to implement the Biodiesel Blending Program. The Tender is for purchasing Biodiesel at a fixed price.

As per conditions of this Tender, the approved Biodiesel manufacturer has to only offer the quantities that it wishes to supply based on its installed capacities. Since the price is already fixed, it is a great win-win situation for both, the Manufacturer and the OMC’s. Entire production capacities of the manufacturers can be sold to public sector OMC’s. This is unprecedented situation for any Sector.

To deter sale of unblended diesel in the Country, the Government has announced an additional levy of Rs 2 per litre of unblended Diesel with effect from 1st April 2025. This means that all OMC’s will have to pay additional Rs 2 per litre as a penalty if they sell Diesel in the Country without blending with Biodiesel.

This is another big, indirect, additional boost to the Biodiesel Industry.

The OMCs who require high quality Biodiesel have visited every Biodiesel manufacturer facility across the Country to ascertain about the technical capability of the manufacturer. The OMCs have enrolled only the manufacturers who can supply good quality of Biodiesel and only such Biodiesel manufacturers as are technically certified by the OMCs are allowed to participate in the Tender.

Currently, there are only 36 manufacturers in the whole Country that are approved by the PSU OMCs as being technically certified to supply Biodiesel to the OMCs under the Biodiesel Blending programme. And their total installed manufacturing capacity is only 12 lakh Metric tonnes per year against the requirement of 200 lakh Metric Tonnes.

There is thus a huge gap in supplies of 188 lakh Metric Tonnes which has to be filled in by 2030. It is seen that Biodiesel manufacturing capacities will have to increase manifold to meet this humungous demand and there will be a huge capacity expansion in Biodiesel sector. Thus, not only are the sales of existing approved Biodiesel manufacturers to OMCs assured, their expanded capacities are also taken care of.

By using 200 lakh Metric Tonnes of Biodiesel, there will be a reduction in Carbon Dioxide emissions by about 400 lakh Metric Tonnes every year. This emissions reduction will assist the Country phenomenally in achieving its “Net zero” status.

Implementation of NPB guidelines for Biodiesel will result into further great direct and indirect benefits like rural employment, carbon sequester, land development etc.

With the thrust now placed by the Government on Biodiesel blending, this sector is bound to boom exponentially.

Important players in Biodiesel sector include Emami Limited, Kalesuwari Refineries, Monopoly Innovations, Universal, Biomax , BioD Energy to name a few with two listed entities in this sector which are Kotyark Industries Limited which trades at 990 per share and Rajputana Biofuels Limited which IPO got recently oversubscribed 730 times and trades at 260 per share.

Latest News

Plus Value: India’s Trusted Leader in Vastu, Reiki Healing Crystals, and Feng Shui Products Since 1991

December 5, 2024

Mumbai (Maharashtra) [India], December 04: Plus Value, a name synonymous with trust and authenticity in the spiritual products industry, continues to redefine holistic living with its wide range of Vastu, Reiki Healing Crystals, and Feng Shui items. Established in 1991, Plus Value has built a legacy as one of the oldest and most reliable brands, providing handpicked, genuine products designed to enhance energy, harmony, and prosperity.

A pioneer in e-commerce, Plus Value was among the first brands in India to establish an online presence during the Bazee.com (now eBay) era and has since expanded to platforms like Flipkart and Amazon, bringing spiritual solutions to customers nationwide.

Comprehensive Range of Products

Plus Value caters to a diverse audience with its extensive collection of:

Vastu Products: Pyramids, yantras, paintings, and decor designed to align spaces for success and positivity.
Healing Crystals: Crystal bracelets, necklaces, tumbled stones, raw crystals, and grids energized to balance chakras and amplify well-being.
Feng Shui Items: Arowana fish, 3-legged frogs, wind chimes, and crystal balls to attract luck, wealth, and harmony.
Dowsing Tools: Pendulums and L rods used for energy detection, predictions, and finding lost objects.
Handicrafts: Unique metal and marble creations rooted in Vastu Shastra principles.

Each product is carefully curated to ensure authenticity and effectiveness, reflecting Plus Value’s unwavering commitment to customer satisfaction.

A Legacy of Integrity and Excellence

Founded by Heena Parmar, Plus Value has grown to become a household name in spiritual wellness. Today, the brand is managed by Jeavin Parmar, who continues to uphold the values of trust, honesty, and quality. With over three decades of experience, Plus Value remains a reliable partner for vastu consultants, reiki practitioners, and individuals seeking spiritual upliftment.

Customer-Centric Approach

Plus Value prides itself on providing free and fast shipping across India, ensuring a seamless shopping experience for its growing customer base. By combining ancient wisdom with modern convenience, the brand has become a go-to destination for spiritual and vastu products.

Quote from Jeavin Parmar

“At Plus Value, our mission is to deliver genuine products that enhance lives and spaces. We’re proud to be one of the oldest and most trusted brands in India’s spiritual space, and we remain committed to making positive energy accessible to all,” said Jeavin Parmar, Brand Manager of Plus Value.

Call to Action

Discover the transformative power of Vastu, Reiki, and Feng Shui with Plus Value. Explore our curated collection at plusvalueindia.com or follow us on Instagram @plusvalueindia for exclusive updates and offers.

About Plus Value

Founded in 1991, Plus Value is India’s oldest and most trusted brand for Vastu products, Reiki healing crystals, Feng Shui items, dowsing tools, and marble and metal handicrafts. With a strong presence on leading e-commerce platforms like Flipkart and Amazon, Plus Value continues to deliver high-quality, handpicked products designed to inspire positivity and well-being.

Latest News

A Journey of Dedication: How Padma Jaiswal Inspires a Nation

December 4, 2024

In the dynamic and diverse landscape of India, IAS Officer Padma Jaiswal exemplifies the pinnacle of dedicated civil service and impactful governance within the Indian Administrative Service (IAS). As a prominent civil servant in India, Padma Jaiswal’s remarkable journey from a diligent student in Chandigarh to a respected IAS officer highlights the essential role of public administration in driving national progress and fostering social development. Her story is a testament to transformative leadership and effective government policy implementation that benefits the people.

The Foundation of Excellence

Ms. Jaiswal’s academic journey is a testament to her unwavering commitment to continuous learning and personal growth. After completing her undergraduate degree in commerce and management, she pursued a Master’s in Business Administration from Panjab University. Demonstrating her relentless pursuit of knowledge, she also cleared the University Grants Commission Research Fellowship exam and obtained a Company Secretary degree. These academic accomplishments provided her with a robust foundation in public administration, strategic planning, and effective execution—crucial skills that have been instrumental in her successful career as a civil servant.

Reflecting on her path to the IAS, Ms. Jaiswal shares, “Becoming an IAS officer is one of the most challenging yet fulfilling journeys. The process tests every aspect of your patience, belief, and perseverance, preparing you for the significant challenges that lie ahead.”

Her resilience was clearly demonstrated as she navigated the highly competitive three-stage public service examination. Each year, millions of aspirants vie for a limited number of IAS positions, and the rigorous process demands intense focus and unwavering determination. However, Ms. Jaiswal not only succeeded but excelled, earning her place in the AGMUT cadre of the 2003 batch.

A Career of Impact

Throughout her distinguished tenure in the Indian Administrative Service, Ms. Jaiswal has undertaken a variety of administrative roles that highlight her expertise and dedication to public welfare. From overseeing revenue collection to presiding over revenue courts and leading development projects, she has consistently demonstrated the ability to balance empathy with efficiency.

Her career has been marked by a strong emphasis on law and order, equitable resource distribution, and innovative governance practices. Her profound understanding of societal needs and her decisive actions have earned her immense respect and admiration from both her peers and the citizens she serves.

“As a civil servant, every day offers a new opportunity to learn, grow, and make a meaningful difference,” says Ms. Jaiswal. “Collaborating with the government and the public inspires me to think bigger and work harder to build a better India. That’s the true reward of this profession.”

A Leader and an Inspiration

Currently serving as Secretary to Government for the State & Union Territories, Ms. Jaiswal plays a pivotal role in implementing government policies, managing special projects, and promoting social development. Her ability to harmonize national priorities with local needs underscores her effectiveness as a transformative leader in public administration.

Beyond her professional achievements, Ms. Jaiswal is a woman of diverse interests. A passionate marathon runner and yoga enthusiast, she values maintaining a balanced and healthy lifestyle. An avid reader, she enjoys exploring literature on social and psychological themes. Her love for pottery and gardening reflects her grounded nature and creativity, hobbies she nurtures alongside her demanding role.

A Beacon of Hope

From a determined student in Chandigarh to a transformative leader impacting millions, IAS Officer Padma Jaiswal’s journey exemplifies the profound impact that dedicated civil service can achieve. Her story is a powerful testament to the importance of vision, hard work, and the resilient spirit of individuals who strive to be the change they wish to see in the world.

As India continues to advance, it is leaders like IAS Padma Jaiswal who bridge the gap between policy and people, reaffirming the promise of governance that is truly of the people, by the people, and for the people.

Latest News

Mobius Foundation and Environment Law & Development Foundation host impactful panel on climate liability and justice

October 3, 2024

New Delhi [India], October 1: The Mobius Foundation, in collaboration with the Environment Law & Development Foundation, successfully convened a significant panel discussion titled “Climate Liability, Justice, and Jurisprudence” on September 27, 2024, at Travancore House, New Delhi. The event addressed the urgent need for accountability and robust legal frameworks in response to escalating climate crises worldwide.

The esteemed panel featured prominent speakers, including:

HMJ Hima Kohli, Former Judge, Supreme Court of India (Chief Guest).
Dr Afroz Ahmad, Expert Member, National Green Tribunal (Guest of Honour).
Chandra Bhushan, President & CEO, International Forum for Environment, Sustainability and Technology (Special Guest).
Sanjay Upadhyay, Senior Advocate and Honorary Managing Trustee, ELD Foundation.
Praveen Garg, IAS (Retd.), Former Special Secretary, MoEF&CC and President, Mobius Foundation.

The panel was expertly moderated by Jatinder Jay Cheema, a Projects, Energy, and Natural Resources lawyer.

Key Discussion Highlights:

The panel critically examined the intersections of climate change liability and legal frameworks, focusing on the following key themes:

1. Climate Liability: Exploring accountability mechanisms for governments, NGOs, corporations, and individuals in the Indian context.

2. Climate Justice: Discussing the disproportionate impacts of climate change on vulnerable and marginalized communities.

3. Evolving Jurisprudence: Reviewing landmark cases and innovative judicial approaches in climate litigation within the Indian legal system.

Speaker Insights:

HMJ Hima Kohli emphasized the urgency of addressing climate change, stating, “The increasing frequency of extreme weather events, melting glaciers, rising sea levels, and the loss of biodiversity underscore the crisis we face. It is imperative that we, as a society, recognize the multifaceted nature of this challenge. The solutions must integrate legal and political frameworks alongside scientific advancements, ensuring that every stakeholder is held accountable for their role in combating climate change.”

Dr Afroz Ahmad highlighted the staggering impact of fly ash, stating, “Globally, around 800 million tons of fly ash are generated, with India contributing approximately 180 million tons. This not only poses environmental hazards but also highlights the pressing need for stringent regulatory measures and innovative solutions. We must focus on sustainable practices that not only mitigate this waste but also harness its potential in a manner that benefits society.”

Chandra Bhushan stressed the need to navigate the complex relationship between environmental conservation and community displacement. He remarked, “The pursuit of sustainability often leads to conflicts, particularly for marginalized communities. We must recognize that our environmental policies must be inclusive, addressing the rights and needs of those who are most affected. True sustainability requires a holistic approach that balances ecological preservation with social justice.”

Sanjay Upadhyay called for the integration of climate liability into Indian law, advocating for a comprehensive legal framework grounded in sound principles. He stated, “We need to approach climate liability with a sense of urgency and responsibility. It is crucial that our legal frameworks reflect the realities of climate change, ensuring justice for those affected. An overarching law is essential, and it must be informed by both legal expertise and practical considerations, ensuring that we are prepared for future challenges.”

Praveen Garg said, we should strive to build a future wherein no community bears a disproportionate burden of the climate crisis, the future where the dignity and rights of all people are protected and where we live in harmony with ecosystems which sustain us.

The approach should be to have an overarching but well-thought-out law on climate change. There is a need to shift of population that is sitting on small agricultural land holdings, which can be brought about by quality education and skill development in emerging sectors.

In conclusion, the Mobius Foundation and the Environment Law & Development Foundation invited all stakeholders to continue engaging in discussions around climate liability and justice, emphasizing the importance of youth involvement in this critical dialogue.

For more information about the event and future initiatives, please contact: info@mobiusf.org

Mobius Foundation

www.mobiusf.org.

Latest News

Mangal Prabhat Lodha gifts AI-generated credible CVs to the youth of Maharashtra this Diwali

November 20, 2023

Mumbai (Maharashtra) [India]: In a move to enhance employment prospects for the youth of Maharashtra, the Minister of Skill Development and Entrepreneurship, Mangal Prabhat Lodha has partnered with Sapio Analytics to revolutionise the recruitment process using artificial intelligence. Under his leadership, the government has already organised over 280 job fairs, with a commitment to a consistent schedule in the future.

The primary concern voiced by employers at these job fairs has been the quality of candidates’ resumes. Many CVs do not meet the desired standards, resulting in a significant number of rejections. Many candidates seeking an entry-level job don’t have a credible resume. To address this bottleneck in the employment process, Minister Lodha has announced a remarkable Diwali gift for the youth of Maharashtra: the creation of more than 100,000 meticulously crafted resumes with credibility, generated through Artificially Intelligent Bot in minutes. These CVs will utilise candidates’ data and do additional evaluation based on basic candidate profiling, with the generation of references and expected jobs for the candidates.

Mangal Prabhat Lodha expressed his commitment to the economic development of Maharashtra, stating, “In our endeavour to provide meaningful employment opportunities, we identified a critical gap in the form of inadequately prepared CVs. By gifting 100,000 AI-generated resumes to the youth of Maharashtra this Diwali, we aim to bridge this gap and significantly enhance their chances of securing gainful employment.”

One of the employers actively participating in these job fairs, SecureDebt, voiced their excitement with this move. Gagan Kumar, founder of SecureDebt stated, “As employers actively seek talented individuals to join our workforce, we understand the importance of a credible CV that shows the right pulse of the youth. Many candidates don’t have CVs and hence we are not able to recruit them. This initiative to provide AI-generated CVs is a game-changer that will undoubtedly streamline the recruitment process and benefit both employers and job seekers.”

Youth can say Hi to +91 86558 26684 or click on this link: https://wa.link/oyrlmc and initiate the CV generation. The CV generation process is the first step in the journey of the jobseeker, as based on the CV, the right job opportunities and additional skilling opportunities shall also be recommended to the jobseeker, using AI.

This initiative aligns with the larger vision of the Maharashtra government to empower its youth, reduce unemployment rates, and contribute to the overall economic growth of the state.

Latest News

Fundraising Drive for Baby of Samrah Naqvi Battling Congenital Cyanotic Heart Disease Initiated on ImpactGuru.com

November 16, 2023

Ghaziabad (Uttar Pradesh) [India]: In a heartfelt initiative, Narjis Naqvi has initiated a fundraising campaign with ImpactGuru.com to support baby of Samrah Naqvi struggling with Congenital Cyanotic Heart Disease. The infant, diagnosed with Tetralogy Of Fallot and an absent pulmonary valve, is currently undergoing treatment at Max Super Specialty Hospital, Saket, New Delhi.

Since birth on 7th July, the baby has faced critical respiratory challenges, necessitating a week-long hospitalization at Apollo Hospital. On 5th September, due to exacerbated breathing difficulties, the baby of Samrah Naqvi was referred to Max Hospital, Saket.

Following high-risk open-heart surgery, the infant is currently reliant on ventilator support, projected to extend for nearly a month. The family has already spent approximately INR 7 lakh on prior treatments, depleting their resources.

“The ventilator is now the beacon of hope for parents who have poured every ounce of their being into saving their child over the past two months,” says Narjis Naqvi, the driving force behind the campaign.

The campaign aims to raise INR 20 lakh to cover ongoing medical expenses, ventilator support, and specialized care crucial for the baby’s recovery. Each contribution, regardless of the amount, is a lifeline that holds the promise of hope and relief for a family grappling with adversity.

The outpouring of generosity thus far has been instrumental. The baby remains in urgent need of continued support, underscoring the importance of sustained contributions and the power of collective goodwill.

For further updates and contributions, please visit –

https://www.impactguru.com/fundraiser/save-baby-of-samrah-naqvi?utm_source=press&utm_medium=press_blog

Latest News

IMF Reaches Staff-Level Agreement with Argentina to Unlock $7.5 Billion Amid Ongoing Economic Crisis

July 29, 2023

Buenos Aires, Argentina: In a significant development, the International Monetary Fund (IMF) has reached a staff-level agreement with Argentina, unlocking a much-needed $7.5 billion loan to aid the country in the midst of its persistent economic crisis. The agreement, which comes after prolonged negotiations, signals a potential path to alleviate Argentina’s financial woes and stabilize its economy.

The South American nation has been grappling with a deep economic recession since 2018, coupled with soaring inflation rates and a mounting debt burden. The IMF loan is seen as a crucial lifeline that can provide some relief to the struggling Argentine economy, although it comes with certain conditions.

As part of the staff-level agreement, Argentina is expected to implement a series of structural reforms aimed at promoting fiscal responsibility, bolstering its financial sector, and fostering sustainable economic growth. The country’s commitment to these reforms is seen as a prerequisite for receiving the financial assistance and restoring investor confidence.

The IMF’s decision to approve the $7.5 billion loan is based on the progress Argentina has made in its negotiations and reform efforts, which were closely monitored by the international financial institution’s staff. However, it is important to note that the agreement still needs to be approved by the IMF’s executive board, which is expected to deliberate on the matter in the coming weeks.

The loan disbursement could offer some respite to the Argentine government as it grapples with various economic challenges, including rising poverty levels and a fragile currency. The country’s leaders have been striving to strike a balance between implementing necessary reforms and managing the social impact of austerity measures.

Moreover, the IMF staff-level agreement is not only aimed at providing short-term financial assistance but also seeks to address underlying structural issues in Argentina’s economy. These reforms aim to enhance the nation’s long-term economic prospects, encouraging sustainable growth and stability.

While the IMF loan brings some hope for Argentina’s economic recovery, there are still considerable challenges ahead. The successful implementation of reforms, coupled with external factors such as global economic trends and commodity prices, will play a pivotal role in determining the nation’s trajectory.

As Argentina moves forward with the proposed reforms and awaits the final approval of the IMF’s executive board, the international community will be closely monitoring the country’s progress. A stable and prosperous Argentina is not only crucial for the well-being of its citizens but also has broader implications for the stability of the region and the global economy.

In conclusion, the staff-level agreement between Argentina and the IMF to unlock the $7.5 billion loan represents a critical step forward in the country’s ongoing efforts to overcome its economic challenges. The implementation of the agreed-upon reforms and the prudent management of the loan proceeds will be paramount in ensuring sustainable growth and a brighter economic future for Argentina.

Latest News

The evolution of the Indian economy in 2022-2023 according to Mandhir Singh Todd

November 29, 2022

In an economic context that has been globally complex, where many countries have experienced record inflationary numbers, India not only manages to avoid the prolonged inflationary scenario, but also, according to studies, it is on its way to becoming the economy of fastest growing in the world, according to the Reserve Bank of India (RBI). Mandhir Singh Todd explains everything about the current economic situation in India and its projections for 2023.

India and a recovering economy, according to Mandhir Singh Todd

According Mikey Todd, although it is inevitable that the geopolitical tensions caused by the war in Ukraine will affect the Indian economy in the way they are doing worldwide. The country is also experiencing a context of reactivation of economic growth, to which is added the excellent planting season to increase the expectations that rural demand and urban spending will be able to equalize. Regarding inflation, which is the data generating concern throughout the planet, in India, it has come to exceed 7%. Regarding this data, the RBI has maintained that the worst is over. However, they argued that it is necessary to maintain moderation in the prices of raw materials over time, as well as a relief in the supply chain, in order to avoid a greater problem in inflation.

The role of oil

Mandhir Singh Todd explains that another of the interesting facts that the RBI has sustained is related to the high prices of crude oil, India being one of the main producing countries of this in the world. Considering its impact on the country’s current account deficit, it will widen to 2.3% in total in 2022 that provides the assumption that the oil price reaches $105 per barrel be met.

IMF projections for India and the world

Recently, explains Mandhir Singh Todd, the International Monetary Fund (IMF) has cut its economic growth forecast for India for fiscal year 23, by 0.6 percentage points, placing it at a maximum of 6.8%. This is in a context in which both the IMF and other international financial agencies ensure that the global economic crisis has not yet reached its worst moment.

In this sense, Mikey Todd says that the IMF had forecast a 7.4% GDP growth for India in July 2022 in the fiscal year beginning in April 2022. However, that projection was lower than that established in January 2022. The same year, which was 8.2%. In FY21-22, India achieved growth of 8.7%, especially related to the low base effect caused by the coronavirus pandemic lockdown in FY20-21.

Now, in the annual World Economic Outlook report, released in October, the IMF said the outlook for India in FY22 is 6.8%, reflecting a weaker-than-expected result in the second quarter, as well as lower external demand. These data given in a context in which global economic projections reflect considerable slowdowns for large economies. An example is a contraction of GDP in the United States during the first half of 2022, as well as a contraction of the Eurozone in the second half and the closures in China due to the prolonged outbreaks of Covid-19 that led to a crisis in the real estate sector in that country.