Speculations around rebranding 'India' are soaring. The nation is currently abuzz with doubts. Will 'INDIA' soon be called 'BHARAT'?. How much will it cost the nation to be called 'BHARAT'?

How much will it cost to change India’s name to Bharat?

During the 20th ASEAN-India Summit held in Indonesia, Prime Minister Modi unveiled a multi-modal connectivity initiative that will link Southeast Asia, India, West Asia, and Europe. Experts are now saying that this could be a potentially more viable alternative to China's Belt and Road Initiative (BRI). Tune in to hear the insights of former diplomat Anil Trigunayat.

Former diplomat Anil Trigunayat on India-Asean connectivity as a viable alternative to China's BRI

The buzz around the G20 Summit grows in New Delhi ahead of the key meet security remains the top priority. The Indian Capital gears up to host over 40 heads of state from snipers to marks women and from bomb squads to air defense systems a multi-pronged security apparatus has been put in place.

New Delhi rolls out red carpet for G20 Summit

A recent survey indicates a remarkable transformation unfolding in the retirement aspirations of non-resident Indians. Traditionally, the dream for many NRIs had been to settle in economically developed countries like the US, Canada, Australia, Singapore, or the UK. However, India's rapid progress towards achieving developed nation status, coupled with its resilience during global challenges, is reshaping the retirement landscape.

Impact of India's growing economy: India, the hotspot for retirement?

Just two days before the G20 Summit Indian Prime Minister Narendra Modi arrived in Jakarta to attend the 20th ASEAN India Summit and the 18th East Asia Summit. Prime Minister Modi arrived at the Jakarta International Airport in the early hours of Thursday when he was accorded a ceremonial welcome.

PM Modi attends ASEAN summit, says grouping central to India's Act East policy

Just two days before the G20 Summit Indian Prime Minister Narendra Modi attended the 20th ASEAN India Summit and the 18th East Asia Summit in Jakarta. Meanwhile, Japan joined the long list of countries to raise objections to a new Chinese map.

ASEAN meet 2023 concludes in Jakarta; Japan joins the chorus to criticise China's new map

ITC Limited, a prominent Indian conglomerate, has been penalised with a fine of&nbsp;US$ 1.2K &nbsp;after a customer found one biscuit less than advertised in a packet of Sunfeast Marie Light biscuits.

The incident unfolded in Chennai when a local resident named P Dillibabu purchased the packet with the intention of feeding stray dogs. However, upon opening the pack, he noticed that despite the label stating 16 biscuits, there were only 15 inside, reported the Times of India.&nbsp;

<h2>Customer's quest for explanation</h2>

Dillibabu promptly contacted his local store and ITC seeking an explanation for this discrepancy.

When he did not receive a satisfactory response from either party in response to this unsettling experience, Dillibabu decided to escalate the matter by filing a complaint with a consumer court.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/explained-origin-of-bharat-indias-past-present-and-future-632906">Explained | Origin of the name 'Bharat' - India's past, present and future</a>

<h2>Crunching the numbers: Cost analysis and consumer impact</h2>

In his complaint, Dillibabu calculated that each biscuit cost&nbsp;US$ 0.0090 With ITC manufacturing a staggering 50,00,000 packets of biscuits daily, the implications of this biscuit count discrepancy were substantial. According to his estimates, consumers were potentially being shortchanged by a whopping US$ 35K every day.

<h2>ITC's defence and its rejection</h2>

ITC's initial defence rested on the argument that biscuits are sold based on weight rather than quantity.

Each packet of Sunfeast Marie Light biscuits prominently displayed a net weight of 76 grammes.

However, the consumer court scrutinised the contents of the packet and determined that each pack containing 15 biscuits weighed only 74 gm.

The company also cited the Legal Metrology Rules of 2011, which allow for a maximum weight discrepancy of 4.5 gm&nbsp;in pre-packaged goods.

However, this explanation was dismissed by the court, which emphasised that such exemptions applied primarily to volatile products. The rules did not extend to biscuits since they do not experience weight loss over time.

Furthermore, ITC's contention that biscuits were sold based on weight rather than quantity was rebutted, considering that the wrapper explicitly mentioned 16 biscuits.

<h2>The verdict</h2>

As a result of these findings, the Fast-Moving Consumer Goods (FMCG) giant ITC was instructed on August 29 to pay&nbsp;US$ 1.2K to Dillibabu as compensation for engaging in unfair trade practices. Additionally, the court ordered ITC to cease the sale of the specific batch of biscuits in question.

Also watch |&nbsp;India-Bharat controversy: Political chorus grows to rename nation 'Bharat'

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This case serves as a reminder of the importance of transparency and adherence to packaging and labelling standards in the food industry, highlighting that even a missing biscuit can lead to significant legal consequences for manufacturers.

&nbsp;

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ITC Limited, a prominent Indian conglomerate, has been penalised with a fine of US$ 1.2K after a customer found one biscuit less than advertised in a packet of Sunfeast Marie Light biscuits.

ITC Limited, a prominent Indian conglomerate, has been penalised with a fine of US$ 1.2K after a customer found one biscuit less than advertised in a packet of Sunfeast Marie Light biscuits. The incident unfolded in Chennai when a local resident named P Dillibabu purchased the packet with the intention of feeding stray dogs. However, upon opening the pack, he noticed that despite the label stating 16 biscuits, there were only 15 inside, reported the Times of India. Customer's quest for explanation Dillibabu promptly contacted his local store and ITC seeking an explanation for this discrepancy. When he did not receive a satisfactory response from either party in response to this unsettling experience, Dillibabu decided to escalate the matter by filing a complaint with a consumer court. Also read | Explained | Origin of the name 'Bharat' - India's past, present and future Crunching the numbers: Cost analysis and consumer impact In his complaint, Dillibabu calculated that each biscuit cost US$ 0.0090 With ITC manufacturing a staggering 50,00,000 packets of biscuits daily, the implications of this biscuit count discrepancy were substantial. According to his estimates, consumers were potentially being shortchanged by a whopping US$ 35K every day. ITC's defence and its rejection ITC's initial defence rested on the argument that biscuits are sold based on weight rather than quantity. Each packet of Sunfeast Marie Light biscuits prominently displayed a net weight of 76 grammes. However, the consumer court scrutinised the contents of the packet and determined that each pack containing 15 biscuits weighed only 74 gm. The company also cited the Legal Metrology Rules of 2011, which allow for a maximum weight discrepancy of 4.5 gm in pre-packaged goods. However, this explanation was dismissed by the court, which emphasised that such exemptions applied primarily to volatile products. The rules did not extend to biscuits since they do not experience weight loss over time. Furthermore, ITC's contention that biscuits were sold based on weight rather than quantity was rebutted, considering that the wrapper explicitly mentioned 16 biscuits. The verdict As a result of these findings, the Fast-Moving Consumer Goods (FMCG) giant ITC was instructed on August 29 to pay US$ 1.2K to Dillibabu as compensation for engaging in unfair trade practices. Additionally, the court ordered ITC to cease the sale of the specific batch of biscuits in question. Also watch | India-Bharat controversy: Political chorus grows to rename nation 'Bharat' This case serves as a reminder of the importance of transparency and adherence to packaging and labelling standards in the food industry, highlighting that even a missing biscuit can lead to significant legal consequences for manufacturers. WATCH WION LIVE HERE:

Costliest cookie: Indian FMCG firm slapped with US$ 1.2K fine over a single missing biscuit in packet

India's push to become a manufacturing hub has got a big thumbs up from the Taiwanese tech giant Foxconn. The company's chairman and CEO, Young Liu, has reiterated that India will emerge as the new manufacturing centre in the world.

Foxconn backs 'make in India'

India’s official name may be soon changed to ‘Bharat’. The speculation is being fueled by the use of the term Bharat in an official G20 invite. Some support change and feel ‘India’ is a colonial legacy. So how did ‘India’ come about?

Where did the name 'India' come from? | Bharat or India?

China's ambassador to Nepal foul mouthed India at a public event. Chen Song claimed that Nepal is unfortunate to have India as its neighbour, and Kathmandu should take lessons on economy from China.

China's ambassador stirs controversy in Nepal

India's tryst with CBDCs or central bank digital currencies is all set to expand. Reports suggest that India’s central bank may soon introduce CBDCs in the call money market.

India's RBI to expand digital rupee use

India's permanent representative of the United Nations called for the expansion of the United Nations Security Council in both the permanent and the non-permanent categories.

India calls for UN security council expansion

The G20 Summit is taking place in Delhi from September 9th to 10th, 2023. The capital city is decking up to host dignitaries and leaders, including Canadian Prime Minister Justin Trudeau, Indonesian President Joko Widodo, Saudi Arabia's Crown Prince Mohammed bin Salman, and Brazilian President Luiz Inacio Lula da Silva. Apart from the security arrangements and cultural programmes, a special focus has been put on food as well.

G20 summit 2023: Putin and Xi to skip G20 in India

Speaking on the row over G20 Summit invitation cards, describing President Droupadi Murmu as the 'President of Bharat' instead of the customary 'President of India', External Affairs Minister S Jaishankar on Wednesday told news agency ANI that he would invite everybody to read the Constitution, which states 'India, that is Bharat'.

Online identity crisis: India vs Bharat battle

The G20 Summit in India is clouded with speculation. High on the agenda are eminent security issues looming over the Bloc and in the spotlight are two countries in security-related matters that have vast ramifications for the world. Speaking specifically about Russia and China our next report tells you more.

G20 Summit 2023: Key agendas include border issues and geopolitical tensions

What would happen if India changed its nomenclature to Bharat? Would the domain name of Indian websites also change? Will it affect the organisations named after India? Molly Gambhir tells you more

Gravitas: How Will Calling India Bharat Change Things?

India's moon mission has captivated the attention of the entire world and now ISRO says that the Pragyan Rover and the Vikram Lander, the stars on the moon of the Chandrayaan-3 mission have been put into sleep mode on the moon. This is after the mission completed all its objectives but that's not the end of the historic Mission. See how the Lander and the Rover have entered sleep mode waiting for the next Dawn on the moon.

Chandrayaan-3: Vikram Rover hops on the moon, bids good night

A new store by Indian fashion designer Sabyasachi Mukherjee in a rebuilt early 1900s house just a few blocks from the Reserve Bank of India's offices in Mumbai is a true indicator of the country's expanding wealth.

India's affluent market attracts international luxury retailers

The G20 Summit in India is clouded with speculation. High on the agenda are eminent security issues looming over the Bloc and in the spotlight are two countries in security-related matters that have vast ramifications for the world. Watch the video to know how is it important for India?

India G20 Summit 2023: India looks to deepen trade ties with member nations

During the G20 leaders’ summit in India, US President Joe Biden will concentrate on reforming the World Bank and pressing other multilateral development banks to increase investment for infrastructure and climate change projects, the White House announced on Tuesday.

White House National Security Adviser Jake Sullivan was quoted by reporters as saying, “That's one of our main focuses heading into the G20: delivering on an agenda fundamentally reshaping and scaling up the multilateral development banks, especially the World Bank.”

The World Bank, established as World War II came to an end in order to combat poverty, is now being promoted as a counterbalance to China’s international financing.&nbsp;

With new funding and balance sheet regulations, the bank’s lending authority has been strengthened, with new CEO Ajay Banga pushing for more funds towards alleviating hunger and climate change.

In a supplemental budget request submitted to Congress in late August, the White House requested an additional $3.3 billion to “materially expand development and infrastructure financing” through the World Bank in order to provide nations with a “credible alternative to the People’s Republic of China’s (PRC) coercive and unsustainable lending and infrastructure projects.”

“We know that these institutions are some of the most effective tools that we have for mobilising transparent, high-quality investment into developing countries,” Sullivan was quoted as saying.

“And that’s why the United States is championing a major effort that is currently underway to involve these institutions so that they are up to the challenges of today and tomorrow,” he added.

According to Sullivan, Biden will also urge the G20 nations to grant low- and middle-income countries real debt relief.

(With inputs from Reuters)

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During the G20 leaders’ summit in India, US President Joe Biden will concentrate on reforming the World Bank and pressing other multilateral development banks to increase investment for infrastructure and climate change projects, the White House announced on Tuesday.

During the G20 leaders’ summit in India, US President Joe Biden will concentrate on reforming the World Bank and pressing other multilateral development banks to increase investment for infrastructure and climate change projects, the White House announced on Tuesday. White House National Security Adviser Jake Sullivan was quoted by reporters as saying, “That's one of our main focuses heading into the G20: delivering on an agenda fundamentally reshaping and scaling up the multilateral development banks, especially the World Bank.” The World Bank, established as World War II came to an end in order to combat poverty, is now being promoted as a counterbalance to China’s international financing. With new funding and balance sheet regulations, the bank’s lending authority has been strengthened, with new CEO Ajay Banga pushing for more funds towards alleviating hunger and climate change. In a supplemental budget request submitted to Congress in late August, the White House requested an additional $3.3 billion to “materially expand development and infrastructure financing” through the World Bank in order to provide nations with a “credible alternative to the People’s Republic of China’s (PRC) coercive and unsustainable lending and infrastructure projects.” “We know that these institutions are some of the most effective tools that we have for mobilising transparent, high-quality investment into developing countries,” Sullivan was quoted as saying. “And that’s why the United States is championing a major effort that is currently underway to involve these institutions so that they are up to the challenges of today and tomorrow,” he added. According to Sullivan, Biden will also urge the G20 nations to grant low- and middle-income countries real debt relief. (With inputs from Reuters) WATCH WION LIVE HERE

Biden to push for World Bank reform at G20 Summit in New Delhi: Report

Reserve Bank of India&nbsp;Governor&nbsp;Shaktikanta Das&nbsp;said on Tuesday that the monetary policy must be forward-looking, adding that using a policy approach that only looks in the rear-view mirror can result in crises.

Das used the comparison of driving a car on a road with potential ditches and speed bumps to explain how monetary policy is conducted.

“Driver needs to see ahead and regulate the speed of the car. If driver reacts suddenly to a speed bump, he can cause accident,” Moneycontrol quoted Das, who was delivering the&nbsp;Delhi School of Economics Diamond Jubilee Distinguished Lecture.

Over the past few years, the RBI has fought a protracted war against high inflation. In order to combat inflation, the RBI increased the repo rate, the rate at which the central bank provides short-term cash to banks, by 250 basis points since May 2022.

The MPC (Monetary Policy Committee) is required to maintain retail inflation at the target rate of four per cent within a tolerance range of two to six per cent.

Although it has been slowing this year, inflation has not yet displayed a consistent pattern of lowering.&nbsp;&nbsp;In July, a sharp rise in vegetable prices caused India’s headline retail inflation rate to soar over the top limit of the RBI’s 2 to 6 per cent tolerance range and reach a 15-month high of 7.44 per cent.

In the near future, India’s inflation is likely to stay high, but government actions will stop it from increasing further, according to S&amp;P Global Ratings Economist (Asia Pacific) Vishrut Rana on Tuesday.

Das stated that the MPC must monitor price stability and take appropriate action, adding that the supply-side policies implemented by the fiscal authorities are of utmost significance.

“It is necessary to watch price stability and act appropriately. We are now firmly focused on 4 per cent target,” Moneycontrol quoted Das as saying.

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Reserve Bank of India Governor Shaktikanta Das said on Tuesday that the monetary policy must be forward-looking, adding that using a policy approach that only looks in the rear-view mirror can result in crises.

Reserve Bank of India Governor Shaktikanta Das said on Tuesday that the monetary policy must be forward-looking, adding that using a policy approach that only looks in the rear-view mirror can result in crises. Das used the comparison of driving a car on a road with potential ditches and speed bumps to explain how monetary policy is conducted. “Driver needs to see ahead and regulate the speed of the car. If driver reacts suddenly to a speed bump, he can cause accident,” Moneycontrol quoted Das, who was delivering the Delhi School of Economics Diamond Jubilee Distinguished Lecture. Over the past few years, the RBI has fought a protracted war against high inflation. In order to combat inflation, the RBI increased the repo rate, the rate at which the central bank provides short-term cash to banks, by 250 basis points since May 2022. The MPC (Monetary Policy Committee) is required to maintain retail inflation at the target rate of four per cent within a tolerance range of two to six per cent. Although it has been slowing this year, inflation has not yet displayed a consistent pattern of lowering. In July, a sharp rise in vegetable prices caused India’s headline retail inflation rate to soar over the top limit of the RBI’s 2 to 6 per cent tolerance range and reach a 15-month high of 7.44 per cent. In the near future, India’s inflation is likely to stay high, but government actions will stop it from increasing further, according to S&P Global Ratings Economist (Asia Pacific) Vishrut Rana on Tuesday. Das stated that the MPC must monitor price stability and take appropriate action, adding that the supply-side policies implemented by the fiscal authorities are of utmost significance. “It is necessary to watch price stability and act appropriately. We are now firmly focused on 4 per cent target,” Moneycontrol quoted Das as saying. WATCH WION LIVE HERE

Monetary policy needs to look at the future: RBI Governer Shaktikanta Das 

Just days ahead of US President Joe Biden's India trip for the G20 Summit, first lady Jill Biden has tested positive for Covid-19. After this, Joe Biden has now tested negative for the Coronavirus for a second time in a span 24 hours.

US: Bident tests negative for Covid, to travel to India for G20 Summit

G20 summit 2023: Indian street food, millet-based food on menu for dignitaries

US President Joe Biden tests negative for Covid-19 after Jill Biden tested positive for Coronavirus

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