Showing questions for September 06, 2025
- Total: 23 questions
Question 11 Sep 06, 2025
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Which river's strong flow caused the Ludhiana district administration to issue a flood alert?
SutlejThe Ludhiana district administration issued a flood alert due to the strong flow of the Sutlej river, which exerted heavy pressure on an embankment in the eastern part of the district. Villages like Sasrali, Boont, and Mattewara are at risk if the bundh (embankment) collapses. Residents were advised to move to upper floors or safer shelters, especially those in low-lying areas. Rescue centers were set up in Satsang Ghars and schools in Khassi Kalan, Bhukhri, and Mattewara. The situation remains tense as authorities monitor the embankment for further weakening.
Question 12 Sep 06, 2025
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What was the primary reason for the decline in Gameskraft's net profit in FY25 despite an increase in revenue?
One-time accounting adjustment of unsanctioned transactions and full-year impact of 28% GSTGameskraft reported a net profit of ₹706 crore in FY25 on revenue of ₹4,009 crore, down from ₹947 crore in the previous year. The decline was attributed to two main factors: the full-year impact of the 28% GST on online gaming introduced in October 2023, which increased tax outflows from ₹1,512 crore to ₹2,526 crore, and a one-time accounting adjustment of ₹231 crore for past unsanctioned transactions. The GST was applied only for six months in FY24, making FY25 the first full year under the new tax regime. Additionally, the discovery of fund siphoning by the former CFO led to a significant write-off. These combined pressures compressed margins and reduced profitability despite growing revenues.
Question 13 Sep 06, 2025
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What major regulatory change affected the Indian online gaming sector in 2025?
Promotion and Regulation of Online Gaming Act, 2025The Indian online gaming sector faced a transformative shift in 2025 with the enactment of the Promotion and Regulation of Online Gaming Act, 2025, which prohibits all online real-money games, whether skill-based or chance-based. This legislation forced operators like Gameskraft to shut down 'Add Cash' and 'Gameplay' services on their rummy apps. The move followed the introduction of a 28% GST on deposits in October 2023, which had already compressed margins. The new law has compelled companies to reimagine their business models and focus on compliance. The sector also faces uncertainty from retrospective tax demands totaling ₹2.5 lakh crore, currently under Supreme Court review.
Question 14 Sep 06, 2025
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Why did President Donald Trump fire the head of the Bureau of Labour Statistics in 2025?
He claimed the jobs report was rigged against him after revisions reduced prior months' job numbersIn July 2025, President Donald Trump fired Erika McEntarfer, the head of the Bureau of Labour Statistics, after revised data showed a significant downward adjustment of 258,000 jobs for May and June. Although the initial July report showed 73,000 jobs added, the revisions lowered the average monthly hiring from May to July to just 35,000, which Trump claimed was politically motivated. He baselessly alleged that the report was rigged to damage his re-election prospects. Trump nominated EJ Antoni, a partisan figure, to replace her, raising concerns about political interference in economic data. Economists, however, defended the revision process as standard and necessary due to late or corrected company responses.
Question 15 Sep 06, 2025
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What is the estimated annual EBITDA benefit to Reliance Industries from refining Russian crude oil, according to Jefferies?
$500 millionJefferies estimated that Reliance Industries gains approximately $500 million in annual EBITDA from refining Russian crude oil, which translates to about 2.1% of its consolidated pre-tax earnings. The benefit arises from the discount on Urals crude compared to Brent, though higher logistics and insurance costs reduce the net margin advantage to $1–1.2 per barrel. This is significantly lower than speculative estimates of billions in profit. Reliance, as India’s largest refiner, increased Russian oil imports after the Ukraine war due to discounts under the EU price cap. However, the discount has narrowed from $8.5 per barrel in FY24 to about $1.5 recently, reducing the financial benefit over time.