India’s defence sector is forecasted to experience 12-15% compound annual growth rate (CAGR), driven by increased capital expenditure, domestic manufacturing, and rising exports. Strategic reforms and robust cash flows indicate a promising trajectory for sector, as highlighted in JP Morgan’s recent report. Defence capital expenditure is projected to grow from $85 billion over last five years to $150 billion in next five years, reflecting a strong governmental push for indigenous manufacturing.
Aided by geopolitical factors and record-breaking exports of ₹21,083 crore in FY 2023-24, sector underscores India’s ambition for global prominence in defence capabilities.
Key Highlights
Details
Growth Projection
12-15% CAGR
Capital Expenditure Increase
$85B (past 5 years) → $150B (next 5 years)
FY 2023-24 Defence Exports
₹21,083 crore (32.5% YoY growth)
Total Defence Production (FY23)
₹126,887 crore (+17%)
Key Factors
Policy reforms, domestic manufacturing focus
Disclaimer: This article is for informational purposes only. All data and projections are based on available reports and may be subject to change. Always consult official sources for most accurate information.
Indian government has taken a major step to combat cybercrime by blocking over 669,000 fake SIM cards and 132,000 IMEI numbers. This move, announced by Minister of State for Home Affairs, Bandi Sanjay Kumar, aims to prevent scams like spoofed international calls, impersonation, and financial frauds. These fake SIM cards and devices were often used in crimes involving digital arrests, FedEx frauds, and impersonations of officials.
As of November 15, 2024, collaboration between government and Telecom Service Providers (TSPs) has led to enhanced security against cyber threats. Additionally, Citizen Financial Cyber Fraud Reporting and Management System (I4C), launched in 2021, has prevented financial losses of over ₹3,431 crore in nearly 10 lakh fraud complaints.
These initiatives highlight Centre’s commitment to safeguarding citizens from cyber threats and ensuring secure digital communication.
Key Details
Detail
Information
SIM Cards Blocked
669,000
IMEIs Blocked
132,000
Funds Saved (I4C)
₹3,431 crore
Fraud Complaints Managed (I4C)
Nearly 10 lakh
Key Initiatives
Blocking fake SIMs and IMEIs, introducing I4C
Primary Fraud Types Tackled
Spoofed calls, FedEx fraud, impersonation
Announcement Date
November 15, 2024
Disclaimer: This article is based on publicly available data as shared by government officials. For accurate and detailed information, readers are encouraged to refer to official government sources.
An Enforcement Directorate (ED) team investigating cybercrimes linked to UAE-based Pyypl app faced an assault at a farmhouse in Delhi’s Bijwasan area on Thursday. raid targeted Ashok Sharma, a chartered accountant allegedly connected to fraud network. During incident, an additional director of ED sustained injuries but continued investigation after first aid. attackers, including family members and servants, allowed Sharma to escape. An FIR has been lodged, and police have launched a manhunt.
probe focuses on illegal funds funneled through 15,000 mule accounts and virtual wallets for cryptocurrency purchases, exposing a vast cybercrime network.
Details
Information
Incident
Attack on ED team during cybercrime probe in Bijwasan, Delhi
Target
Chartered Accountant Ashok Sharma
Accused
Ashok Sharma and five others
Key Link
UAE-based Pyypl app fraud network
Nature of Crimes
Phishing scams, QR code fraud, and part-time job scams
Funds Movement
15,000 mule accounts used for laundering funds to buy cryptocurrency
Assistance
Indian Cybercrime Coordination Centre (I4C) and Financial Intelligence Unit
Police Action
FIR filed; manhunt launched for suspects
Disclaimer:
This article is based on initial reports. Further investigation may reveal additional details. Readers are encouraged to verify information independently.
Indian Railways reported revenue of Rs 12,159.35 crore from ticket sales between September 1 and October 31, 2024, a period marked by major festivals like Ganesh Chaturthi, Dussehra, and Diwali. During this time, 143.71 crore passengers traveled by rail, showcasing a significant increase in traffic. Central zone witnessed highest passenger footfall, followed by Western and Eastern zones.
To manage surge, Indian Railways introduced nearly 8,000 additional special trains, catering to over two lakh passengers daily. measures reflect Indian Railways’ commitment to meeting travel demands during peak periods.
Festive Railway Data Summary
Category
Details
Revenue Earned
Rs 12,159.35 crore
Passenger Traffic
143.71 crore
Top Passenger Zone
Central Zone (31.63 crore)
Lowest Passenger Zone
South-East Central Zone (1.48 crore)
Additional Trains Operated
7,983
Special Services Period
October 1 – November 11, 2024
Disclaimer
This article is based on official data shared by Railways Minister in Lok Sabha. Figures and policies mentioned are accurate as per latest records but are subject to changes based on further announcements or updates.
Northeast region of India experienced a dramatic rise in domestic tourism, with visitor numbers increasing from 70 lakh in 2014 to 125 lakh in 2023. Union Tourism Minister Gajendra Singh Shekhawat attributed this growth to improved infrastructure, enhanced transportation, and government initiatives like Swadesh Darshan and PRASHAD schemes. Iconic destinations such as Kaziranga National Park and Kamakhya Temple have benefited significantly, boosting local economies and attracting global attention.
Key Details on Northeast Tourism Surge
Detail
Information
Tourist Growth
70 lakh (2014) to 125 lakh (2023)
Key Contributor
Infrastructure upgrades and government initiatives
Major Schemes
Swadesh Darshan, PRASHAD
Highlight Destinations
Kaziranga National Park, Kamakhya Temple
Economic Impact
2.5% growth in tourist accommodation, local economies boosted
ITM Event
12th International Tourism Mart held in Kaziranga
Notable Achievements
Expansion of Kaziranga National Park area from 400 sq km to 1,300 sq km
successful development of Northeast’s tourism infrastructure highlights its potential as a global destination for cultural and natural exploration. However, this article is based on public announcements and official reports. Readers are encouraged to verify details independently.
A major car theft racket has been busted by Dispur police in Guwahati, revealing stolen luxury vehicles from Assam being sold at significantly reduced prices in Manipur. operation was led by Rustam Ali, Inamul Ali, and Ali Akbar, targeting areas like Christian Basti in Dispur. Manipur residents, including Ratan Singh, Rishikesh Singh, and Lanjung Po Golam, were identified as buyers. Stolen vehicles, including Boleros, were sold far below their market value, fueling a cross-state black market. Police efforts have uncovered racket, highlighting growing concerns about cross-border thefts.
Congress leader Priyanka Gandhi Vadra took oath as a Member of Parliament in Lok Sabha, representing Wayanad, Kerala, after securing a massive victory with over 4 lakh votes. This win surpasses margin previously achieved by her brother, Rahul Gandhi, in 2019. Priyanka’s oath ceremony, marked by her wearing a Kerala traditional saree and holding Indian Constitution, was witnessed by her family, including her husband Robert Vadra and children. BJP IT cell chief Amit Malviya commented on her victory, referring to her as “New Muslim League MP,” drawing sharp criticism.
Key Information About Priyanka Gandhi Vadra
Attribute
Details
Full Name
Priyanka Gandhi Vadra
Constituency
Wayanad, Kerala
Victory Margin
Over 4 lakh votes
Family Presence at Oath
Husband Robert Vadra, children
Political Debut
Appointed Congress General Secretary (2019)
Significant Role
Reviving Congress in Uttar Pradesh and key role in 2024 Lok Sabha elections
Statement on Victory
“I look forward to being your voice in Parliament.”
BJP’s Comment
Amit Malviya referred to her as “New Muslim League MP”
Historic Moment
First time three Gandhi family members serve in Parliament together
Notable Achievement
10th Nehru-Gandhi family member to become Lok Sabha MP
Assam’s Media and Literary World Mourns Loss of Bulan Kumar Saikia
Senior journalist, essayist, and poet Bulan Kumar Saikia, a prominent literary figure from Naharkatia, Dibrugarh district, Assam, passed away on Thursday, November 28, 2024, at age of 48. Saikia, who had been battling liver cirrhosis for two years, breathed his last at 3:45 am. Known for his contributions to media and literature, Saikia worked with prominent outlets like NE TV, Asomiya Pratidin, and DY 365, and authored significant works including Ajon Bikhur Janma. His untimely demise leaves a void in Assam’s cultural and media landscape.
Key Details
Information
Full Name
Bulan Kumar Saikia
Birth Date
January 1, 1976
Place of Origin
Naharkatia, Dibrugarh District, Assam
Career
Senior journalist, poet, essayist
Notable Works
Ajon Bikhur Janma, Asom Bharat, Arakan Intel
Media Contributions
Worked with NE TV, Adinor Sombad, DY 365, Asomiya Pratidin, NK TV
Illness
Battled liver cirrhosis for two years
Passed Away
November 28, 2024, at 3:45 am
Survived By
Parents, wife, and daughter
Legacy
First journalist from Naharkatia in private television; impactful literary works
Saikia’s work and words will remain a lasting testament to his passion for storytelling and his commitment to Assam’s rich culture.
Eknath Sambhaji Shinde, an Indian politician of great significance, is current Chief Minister of Maharashtra, a position he assumed on June 30, 2022. His political career, marked by dedication and resilience, highlights his journey from humble beginnings to becoming one of Maharashtra’s most influential leaders. Let’s delve into life of Eknath Shinde, exploring his family, education, political milestones, and achievements.
Early Life and Education
Born on February 9, 1964, in Dare Village, located in Jawali taluka of Satara district, Maharashtra, Eknath Shinde’s roots lie in Maratha community. His father, Sambhaji Navlu Shinde, and mother, Gangubai Sambhaji Shinde, played crucial roles in shaping his values and work ethic. Gangubai’s passing in 2019 marked a significant personal loss for Shinde.
Shinde’s educational journey began at Thane Municipal Corporation School in Kisan Nagar, where he completed his schooling. He pursued higher studies at Yashvantrao Chavan Open University, earning a Bachelor of Arts (BA) degree. This academic foundation was instrumental in helping him navigate his future roles in governance and public administration.
Personal Life and Family
Eknath Shinde is married to Lata Eknath Shinde, and couple’s family life has been both fulfilling and challenging. His elder son, Shrikant Shinde, is a politician, continuing family’s legacy of public service. However, family faced immense tragedy when Shinde’s son Dipesh and daughter Shubhada passed away in a drowning incident on June 2, 2000.
Attribute
Details
Full Name
Eknath Sambhaji Shinde
Date of Birth
February 9, 1964
Age (2024)
60 Years
Spouse
Lata Eknath Shinde
Children
Shrikant Shinde (Son)
Education
Bachelor of Arts (BA)
Net Worth
INR 10 Crore (2024)
Introduction to Politics
Eknath Shinde’s political journey began under mentorship of Anand Dighe, a prominent leader and Thane Shiv Sena President. Dighe’s guidance introduced Shinde to grassroots politics, where he quickly emerged as a labor leader with a strong connection to public. In 1984, Shinde was entrusted with leading a Shiv Sena branch in Thane, marking start of his political ascent.
Political Career Milestones
Eknath Shinde’s political career is defined by a steady rise through ranks of Shiv Sena and significant achievements in Maharashtra’s governance.
1997: Elected as a corporator in Thane Municipal Corporation.
2004: Elected as an MLA in Maharashtra Legislative Assembly.
2005: Became Thane district head of Shiv Sena, first MLA to hold this position.
2014-2019: Served as Cabinet Minister of Public Works in Maharashtra.
2019: Took on role of Minister of Public Health and Family Welfare and Guardian Minister of Thane District.
2022: Sworn in as Chief Minister of Maharashtra after a political crisis that led to collapse of Maha Vikas Aghadi government.
Becoming Chief Minister
Eknath Shinde’s most significant political achievement came in June 2022, when he became 20th Chief Minister of Maharashtra. This followed a political rebellion within Shiv Sena that resulted in fall of Maha Vikas Aghadi coalition. Shinde’s leadership was recognized with his appointment as Chairperson of Shiv Sena in February 2023, solidifying his role as a central figure in Maharashtra’s political landscape.
Contributions and Achievements
As Chief Minister, Eknath Shinde has focused on:
Infrastructure Development: Spearheading projects aimed at improving urban and rural connectivity.
Economic Growth: Encouraging industrial investments and creating job opportunities.
Political Stability: Maintaining a cohesive leadership within Shiv Sena and addressing statewide challenges effectively.
Financial Overview
Eknath Shinde’s financial profile reflects his accomplishments in public service. As of 2024, his estimated net worth stands at INR 10 Crore, derived from his political earnings and personal investments. This financial standing highlights his disciplined approach to public life.
Legacy and Leadership
Eknath Shinde’s political career has left an enduring legacy in Maharashtra. His ability to connect with masses, address their issues, and implement impactful policies has positioned him as a leader of great repute. His story is one of perseverance, dedication, and unwavering commitment to betterment of his state.
Final Thoughts
Eknath Shinde Biography offers a glimpse into life of a leader who rose from modest beginnings to occupy one of most significant political positions in Maharashtra. His dedication to public service, resilience in face of challenges, and vision for state’s progress make him a role model for aspiring leaders. As Maharashtra’s Chief Minister, Shinde continues to work tirelessly to bring growth, stability, and prosperity to his state.
Shaktikanta Das Biography: Shaktikanta Das is 25th and current Governor of Reserve Bank of India (RBI). Appointed on December 11, 2018, his tenure has been marked by exceptional leadership in steering India’s monetary policy, managing financial stability, and navigating global economic challenges. Born on February 26, 1957, in Bhubaneswar, Odisha, Das is a retired Indian Administrative Service (IAS) officer from 1980 batch of Tamil Nadu cadre. He has played a critical role in shaping India’s economic and fiscal reforms, including demonetization and introduction of Goods and Services Tax (GST).
Early Life and Education
Childhood and Family Background
Shaktikanta Das was born to Indian parents in Bhubaneswar, Odisha. His father, Mr. Das, and mother, Mrs. Das, provided him with a strong foundation of values and education. He completed his schooling at Demonstration Multipurpose School in Bhubaneswar, excelling in academics.
Academic Pursuits
For higher education, Das attended St. Stephen’s College, University of Delhi, where he earned both a Bachelor’s and Master’s degree in History. To enhance his financial expertise, he pursued additional programs:
Advanced Financial Management program at IIM Bangalore.
Specialized training in Development Banking and Institutional Credit at National Institute of Bank Management (NIBM), Pune. These educational accomplishments equipped him with analytical and managerial skills necessary for his distinguished career in public administration and economics.
Career Journey
Early IAS Career
Shaktikanta Das began his career in Indian Administrative Service (IAS) in 1980, joining Tamil Nadu cadre. He served in various key positions, including:
Assistant Collector (1982-83)
Sub Collector (1984)
Commissioner of Commercial Taxes During his time in Tamil Nadu government, Das gained valuable experience in governance and policy implementation, particularly in areas like tax administration and industrial development.
Transition to Central Government
Das transitioned to central government, where he assumed leadership roles in Ministry of Finance. He held prominent positions such as:
Joint Secretary, Department of Economic Affairs
Secretary, Department of Revenue He was instrumental in managing fiscal policies, streamlining taxation, and fostering economic growth.
Major Contributions
Demonetization (2016): Played a key role in implementing demonetization policy, a historic move aimed at combating black money and promoting a digital economy.
GST Rollout: Das was one of primary architects behind introduction of Goods and Services Tax (GST), simplifying India’s indirect tax system.
Appointment as RBI Governor
Shaktikanta Das was appointed as 25th Governor of Reserve Bank of India in December 2018, succeeding Urjit Patel. As RBI Governor, Das has introduced several measures to stabilize economy, manage inflation, and maintain financial stability during turbulent times, including COVID-19 pandemic.
Extension of Tenure
Recognizing his effective leadership, Das’s term was extended in December 2021, reflecting trust and confidence placed in his abilities.
Personal Life
Family and Personal Attributes
Shaktikanta Das is married to Lopa Mudra Das. Though information about their children is not publicly disclosed, Das is known for his disciplined lifestyle and balanced approach to work and family.
Physical Attributes
Height: 5 feet 7 inches (170 cm)
Weight: Approximately 60 kg (132 lbs) Das’s calm demeanor and analytical mindset make him a respected figure in both professional and personal spheres.
Awards and Recognitions
Global Accolades
Shaktikanta Das has received numerous accolades for his contributions to economic governance:
Governor of Year Award by Central Banking, London (June 2023)
Consistent “A+” Ratings in Global Finance Central Banker Report Cards (2023 and 2024)
Career Milestones
Role
Year
Secretary, Ministry of Revenue
2014-2015
Secretary, Department of Economic Affairs
2015-2017
Member, 15th Finance Commission
2017
India’s Sherpa for G20 Development Track
2017-2018
Governor, Reserve Bank of India
2018–Present
Net Worth and Financial Profile
Shaktikanta Das’s financial standing reflects his modest lifestyle and dedication to public service. As of 2024, his estimated net worth is approximately INR 1 Crore, derived from his career as a public servant and central banker. His commitment to integrity and governance sets him apart as a role model in financial leadership.
Legacy and Impact
Economic Reforms
Das has left a lasting imprint on India’s financial systems through transformative reforms such as GST and demonetization. His tenure at RBI is characterized by proactive measures to ensure financial stability, enhance liquidity, and promote sustainable economic growth.
Global Standing
Under Das’s leadership, India’s monetary policies have received international acclaim. His ability to navigate complex global economic scenarios has strengthened India’s position in international financial forums.
Conclusion
Shaktikanta Das Biography encapsulates journey of a dedicated public servant whose career spans decades of impactful contributions to India’s governance and financial stability. From his early days as an IAS officer to his current role as RBI Governor, Das has demonstrated exceptional leadership, integrity, and vision. His legacy serves as an inspiration for future generations of policymakers and economists who aim to prioritize nation’s welfare above all else.
