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22 views8 pages

The Economics Hub Issue357 Compressed

Uploaded by

MEENU Teotia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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DELHI PUBLIC SCHOOL RAJNAGAR

Under the aegis of The Delhi Public School Society, New Delhi
Affiliated to Central Board of Secondary Education, Govt. of India

MARCH 07, 2024 THURSDAY ISSUE-357

THE E CO N O M I C S H U B

GET READY TO IGNITE


YOUR INTELLECT!
MANTHAN DEBATE
COMPETITION IS
COMING TO DPS
RAJNAGAR. JOIN US IN
A CAPTIVATING CLASH
OF MINDS AND IDEAS
THAT WILL LEAVE YOU
MOTIVATED AND
INSPIRED!

01
QUICK TAKEAWAY S

ECONOMIC LEXICON
Austerity-
Austerity is defined as the
condition of a government or
nation adopting serious policies
to bring down the impacts of an
economic crisis. Austerity
measures are implemented to
avoid debt crisis.

02
SUCCESS CHRONICLES: From the
CONGLOMERATE Chief
Editor’s
EDITION desk

Vineeta Singh, founder and


CEO of Sugar Cosmetics, has
been a beacon of inspiration,
particularly for aspiring
entrepreneurs, especially
women, across India and
beyond. However, her
remarkable story began long
before her ascent to
prominence in the world of
vibrant makeup and
booming business.

Her academic excellence led her to


the esteemed IIT Madras, where she
discovered her passion for badminton,
clinching victory in numerous
tournaments. Later, at IIM
Ahmedabad, she continued to excel,
not only in academics but also on the
running track, completing the grueling
Mumbai Marathon as her inaugural
endeavor. This innate drive to
compete and surpass boundaries
hinted at her future entrepreneurial
endeavors.
03
INFROGRAPHICS

04
Mukhyamantri Mahila Samman
Yojana: All about Arvind
Kejriwal's ₹1,000 monthly aid for
women
Delhi Finance Minister Atishi Marlena on
Monday presented the state budget with a
total outlay of ₹76,000 crore for 2024-25.
Chief Minister Arvind Kejriwal-led Aam
Aadmi Party government also announced
that women above the age of 18 years will
receive ₹1,000 per month under the
'Mukhyamantri Mahila Samman Yojana'.
vidend payout as per DIPAM guidelines.
The Delhi government announced an
allocation of ₹2,000 crore for the
'Mukhyamantri Mahila Samman Yojana'
for the welfare and empowerment of
women from 2024-25.

Anant-Radhika wedding will


kick off 'wed-in-India' economy
1.Anant Ambani, son of Mukesh Ambani, will celebrate
his wedding in Jamnagar, Gujarat, with festivities
beginning on March 1 and the wedding on July 12.
2.Jamnagar holds economic significance, and Anant's
upbringing in the city adds a personal touch to the
venue choice.
3.Anant Ambani cited inspiration from Prime Minister
Narendra Modi's 'Wed in India' initiative for choosing
Jamnagar, emphasizing pride in contributing to the
country's economy.
4.The decision aligns with PM Modi's call for wealthy
families to conduct weddings in India, keeping the
money within the country and providing similar
facilities as overseas destinations.
5.Anant's choice symbolizes a nationalistic approach,
reflecting a commitment to supporting the Indian
economy by hosting significant events
domestically.

05
PSU stocks: Should you consider
high dividend paying shares?
1.PSU Dividend Yields: GAIL, IOC, Coal India,
BPCL, ONGC, and Oil India offer 4-5%
dividend yields.
2.Consistent Payouts: Analysts expect
continued dividend consistency in PSUs
like GAIL and Balmer Lawrie.
3.Recent Highlights: GAIL's Rs 9.50/share
dividend, Balmer Lawrie's Rs 33/share,
and Coal India's second interim dividend
of Rs 5.25/share.
4.Outlook: Elara Securities sees a 7% yield
for Coal India, YES Securities expects
higher final dividend for ONGC.
5.Oil India's Dividend Policy: Emkay Global
predicts Oil India will maintain dividend
payout as per DIPAM guidelines.

US stocks surge on robust


Nvidia results, S&P 500 up
1.31%, Nasdaq climbs 2.13%
1.US stocks surged on Thursday on robust
Nvidia results. Nvidia’s shares rallied
12.9 per cent after the chipmaker
forecast a roughly three-fold surge in
first quarter revenue on strong demand
for its artificial intelligence (AI) chips.
2.If Nvidia hold gains, it could add more
than $200 billion in market
capitalization.
3.Nvidia rival Advanced Micro Devices,
server component supplier Super Micro
Computer and Arm Holdings jumped
between 6.9 per cent and 16.8 per cent.

06
Lupin Digital targets 10x
growth next year
Lupin Digital Health (LDH), a digital
therapeutics platform for cardiac
rehabilitation, plans to increase its
customer base 10 times over the next year,
as it expands its presence by entering new
cities and onboards new hospitals.
The company has 5,000 paying patients
and is confident of achieving it with the
help of an augmented programme
prescribing cardiologists as it prepares to
expand its affiliation with 75 more hospitals
spanning 35-40 cities across the country.
The company, through its digital clinic,
combines the human intervention of
clinicians with technology, thereby
enabling easy monitoring and improving
treatment adherence.

Elon Musk loses


world’s richest person title to
Jeff Bezos
Elon Musk lost his title as the world's richest
person to Jeff Bezos after Tesla shares fell
7.2% on Monday.
Musk's net worth is now $197.7 billion, while
Bezos reclaimed the top spot with $200.3
billion.
This marks the first time since 2021 that
Bezos has topped Bloomberg's ranking of
the richest people.
The wealth gap between Musk and Bezos,
once $142 billion, is narrowing as Amazon
and Tesla stocks move in opposite
directions.
Amazon shares have more than doubled
since late 2022, approaching a record high,
while Tesla is down around 50% from its 2021
peak. reaching 1,258 and 1,268 points,
respectively.

07
CHIEF EDITORS
ISHIKA GOEL XI-D
KHYATI KALRA XI-
D

COLUMNISTS

JANVI SINGH XI-B


AARUSHI XI-B
SHREYAS JAIN XI-A
VEDANT RANA XI-A

08

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