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There is a general euphoria with a PIO Rishi Sunak becoming Prime Minister of United Kingdom. This is natural as India being a vibrant democracy, politics is at its best even on a non-issue. In this, there is some case for celebration with Sunak being a practicing Hindu and for the first time a person of an Indian origin has become Prime Minister of a country which ruled India for nearly two centuries.

From a fiscal point of view, the state governments are in a strong position to emerge key drivers of economic growth this year. But while the availability of funds doesn’t appear to be a constraint, surprisingly, actual spending by states so far has been muted. Their ability to ramp up capital expenditure during the remainder of this fiscal 2022-23 , and take advantage of the fiscal space that we believe they have, will be a key determinant of the aggregate fiscal impulse to the economy. This analysis is based on 13 major state governments — Andhra Pradesh, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal — that account for 85% of India’s GDP.

Violations and atoning for them are in the DNA of Google and its owner Alphabet. Google had to pay penalties of Rs 2,274 crore within the space of a week, in two orders issued by the Competition Commission of India for misusing its dominant position in relation to Play Store and engaging in unfair commercial practices. The tech giant, however, was least apologetic, insisting powered India's digital transformation and expanded access for hundreds of millions of Indians and swore by its commitment towards Indian users and developers.

NDA Union Government in the Ministry of Electronics and Information Technology has notified the amendment to the IT (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021, on October 28, 2022. Accordingly, the government will set up one or more centrally appointed Grievance Appellate Committees (GACs) within 90 days of the notification of the amended Rules.

Coimbatore: Leading racers of the country will drive for glory and top honours at the JK Tyre National Racing Championship which returns for the second round of its silver jubilee season this weekend (October 29th-30th) on Coimbatore’s Kari Motor Speedway.

Chonburi, Thailand: Three of the seven Indians -Krishnav Nikhil Chopraa, Shaurya Bhattacharya and Aryan Roopa Anand -in the fray made the cut while others fell by the way side at the 13th Asian Pacific Amateur Championship here on Friday.

In a meeting of foreign ministers of Association of Southeast Asian Nations (ASEAN) member countries on Thursday, ways to reduce conflict in Myanmar were discussed. The regional block that comprises 10 member countries including Myanmar held its meeting without Myanmar, which has been barred from participating in any high-level ASEAN engagements. In a press release, Myanmar’s military government warned the ASEAN forum that giving it a time frame to initiate or conclude any peace plan in Myanmar would have negative implications and will not be binding on Myanmar as the ASEAN held its meeting with only 9 members.

The most intriguing question with regard to Liz Truss’ resignation as the prime minister of Britain after a mere 44 days in office is this: what is it about her economic programme that the “market” (read “finance capital”) found unpalatable? At its core after all was tax-cuts for the rich, which the “market” should have lapped up. True, the tax-cuts were to be financed through a fiscal deficit which the “market” generally does not like; but since the fiscal deficit was meant to finance transfers to the rich, and not any direct stimulation of aggregate demand by the State, there should have been little objection from the “market”.

Prime Minister Narendra Modi has handed the prestigious and precious C-295 Tata-Airbus project to Gujarat, his home state which will go to polls any time before the year is out, but the election date for which hasn’t been announced yet! Could it be that the Election Commission delayed declaring the Election Day date because the Tata-Airbus C-295 project's 'home-state' was waiting to be announced, and delaying announcing the election date would make all the difference between victory and defeat in the Gujarat elections?

Latest reports that the BJP leadership has offered a few legislators of the ruling Telangana Rashtra Samiti a total of Rs. 1,00 crore has created furore in the state capital Hyderabad and as usual the BJP leaders have denied this. But, this type of move by BJP is nothing new. In fact, ever since the BJP came to power in 2014 under Prime Minister Narendra Modi, a deliberate policy of seeking funds from the top industrialists of the country to bolster BJP's election kitty, has been followed and in the process, the top industry people have got concessions and contracts. It has been a win win situation for both to build conglomerate capitalism in India in partnership with the saffron.