News Burger of the Day – Your Daily Prep Diet – Jan 23rd
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If you follow these articles regularly, they will help you build a broader perspective of the current Indian and global business scenario. Also, moving away a bit from regular news, we will try to bring forth informative articles that will guide your preparation for interviews.
In a move that could revive a fight between the Congress and the Bharatiya Janata Party (BJP) led central government, the Union cabinet on Sunday recommended the imposition of president’s rule in Arunachal Pradesh.
According to a news report by the Press Trust of India, citing sources, the decision was taken in a Union cabinet meeting held on Sunday morning which was chaired by Prime Minister Narendra Modi.
Amazon.com Inc., the world’s largest online retailer, has infused an additional Rs.1,696 crore into its Indian unit, arming it with more ammunition in its battle with local rivals Flipkart and Snapdeal to become the country’s largest e-commerce firm.
The latest infusion, which came in December, is the single largest tranche of funds received by Amazon Seller Services Pvt. Ltd, the Indian unit of Amazon, since 2014, according to documents filed with the Registrar of Companies.
Amazon India has now received Rs.5,699 crore since July 2014, when Jeff Bezos, co-founder and chief executive officer (CEO) of Amazon, promised to invest $2 billion in India over time, the documents show.
BJP president Amit Shah, under whom the membership of the party grew rapidly, was on Sunday elected unopposed as its party chief for a second term.
Prime Minister Narendra Modi and virtually the entire top party brass, including a number of Union ministers and chief ministers, proposed his name during the nomination process in which no other leader joined the fray.
Altogether, 17 nominations were filed proposing 51-year-old Shah’s name during the three-hour exercise, Party vice president Avinash Rai Khanna said as he announced his unopposed election.