BJP national president JP Nadda released the party’s manifesto ‘Sankalp Patra’ for Haryana, promising ₹2,100 per month financial assistance to women, MSP for 24 crops, government job guarantees to Agniveers, and Olympic games nurseries in every district. The manifesto includes benefits for BPL families, SC and OBC students, and loans for OBC entrepreneurs.
AAP retains 4 ministers, Mukesh Ahlawat new face in Delhi Cabinet (19-09-2024)
The Aam Aadmi Party has retained its four ministers and added Sultanpur Majra MLA Mukesh Ahlawat to the Cabinet. Atishi will be sworn in as Delhi’s new chief minister on Saturday. Arvind Kejriwal stepped down following his release from jail, proposing Atishi’s name for the position, which received unanimous support.
Omar Abdullah tells Pakistan to mind its own business (19-09-2024)
Former CM Omar Abdullah has urged Pakistan to refrain from commenting on Jammu and Kashmir elections, emphasizing that the region is not part of Pakistan. He criticized the BJP for its performance in J&K over the past five years, calling them wasted years under their governance.
Fed rate cut positive, but may not have big impact on capital inflows: Top FinMin officials (19-09-2024)
Economic affairs secretary Ajay Seth sought to delink the Fed rate cut from any potential action by the Reserve Bank of India (RBI). The Fed has done what it feels to be the best for the US economy and the RBI will be guided more by the domestic reality, Seth said. Separately, chief economic adviser V Anantha Nageswaran said at an event that much of the Fed action was factored in by investors and its impact on India could be more muted than on other emerging economies, as the domestic market has already been generating a lot of investor interest.
NC, Congress promoting Pakistan Agenda, alleges PM Modi in Jammu and Kashmir (19-09-2024)
Prime Minister Narendra Modi accused NC and Congress of promoting Pakistan’s agenda on Article 370 during BJP rallies in Srinagar and Jammu. He asserted that Jammu and Kashmir is progressing towards peace since the abrogation of Article 370. Modi also criticized Rahul Gandhi and Congress for having a ‘Naxal mindset’.
Lotus Chocolate Company: A Tasty Affair (19-09-2024)
Hi All, just want to clarify that all the biggies – likes of Mondelez, Nestle, Mars are able to hedge the price of cocoa given the sheer volumes they sell globally. They have a centralised source for sourcing cocoa and own acres and acres of farms in countries like Ghana. So they enjoy economies of scale and hedging benefits and even though price of cocoa has increased by 3x they are still relatively insulated which is why price of dairy milk silk has only gone up by 10% in last 6 months while that of Amul chocolates has gone up by 30%. Beyond a point domestic players like Amul will not be able to pass on the price hike to the consumer and will begin to lose market share to the global giants which will mean that either Lotus’s topline will crash or its margins. The lower the price of cocoa the better it is for smaller players to thrive or it’s the end of the road. All small chocolate D2C brands have shut shop because core ingredient – cocoa – which contributes to 50% of COGS is now unaffordable.
Disc : not invested
Politics over laddoos (19-09-2024)
Andhra CM’s assertion that the previous YSRCP government used animal fat instead of ghee in Tirupati laddoos has ignited controversy. YV Subba Reddy, former chairman of Tirumala Tirupati Devasthanam, challenges this claim, stating he can swear on Lord Venkateswara. The government cites a lab report suggesting the presence of fish and beef oil.
Should You Refinance Your Mortgage After the Fed’s Interest Rate Cut? (19-09-2024)
People who bought homes in the past two years may want to seek a lower interest rate. Here’s how to think it through — and how to shop.
Should You Refinance Your Mortgage After the Fed’s Interest Rate Cut? (19-09-2024)
People who bought homes in the past two years may want to seek a lower interest rate. Here’s how to think it through — and how to shop.