Economy news
In a major setback for customers, the Reserve Bank of India (RBI) has suspended the operations of New India Co-operative Bank due to a Rs 122-crore fraud. This decision has left over 1.3 lakh depositors worried about their savings, with account withdrawals being completely frozen from February 13, 2025. Customers are now scrambling to safeguard…
The Reserve Bank of India (RBI) has pumped in a massive Rs 43.21 lakh crore into the banking system since Sanjay Malhotra took charge as Governor in December. This bold move aims to tackle the tough liquidity situation that has gripped the financial sector over the past four months. Malhotra stepped in at a critical…
Muscat, February 16, 2025: External Affairs Minister S. Jaishankar met with Bangladesh Foreign Affairs Adviser Md. Touhid Hossain in Muscat, focusing on easing tensions between Delhi and Dhaka regarding minority attacks and former Prime Minister Sheikh Hasina’s stay in India. This high-level meeting took place during the 8th Indian Ocean Conference, where Jaishankar highlighted regional…
Trump’s Peace Plan: Easing Tensions, Lowering Energy Costs Donald Trump is expected to unveil a peace plan aimed at resolving the ongoing Russia-Ukraine conflict, and it could have major ripple effects on global commodity markets, especially energy prices. According to analysts at Goldman Sachs, the biggest and most immediate impact of a potential peace agreement…
Elon Musk’s DOGE Department Cancels $22 Million Voter Turnout Funding for India In a move that has stirred conversations across diplomatic and political circles, Elon Musk, head of the Department of Government Efficiency (DOGE), announced on Saturday the cancellation of a $22 million funding package intended to support voter turnout efforts in India. The decision…
“Vigilance Amid Uncertainty: South Korea Braces for Potential Trade Shifts Under Trump’s Tariff Plan” Seoul, Feb 14 (IANS) Acting President Choi Sang-mok said on Friday that the impact of US President Donald Trump’s latest “reciprocal” tariffs may not significantly affect South Korea’s economy, yet emphasised the need for continued monitoring.On Thursday (US time), Trump signed…
European stock markets reached new record highs recently, thanks to a mix of strong company earnings, positive economic data, and growing hopes for peace in the Russia-Ukraine conflict. Investors across the continent are feeling optimistic, and this positive mood is showing in the performance of major stock indices. Record Highs in Key European Markets The…
In a historic move towards simplifying India’s tax structure, Finance Minister Nirmala Sitharaman introduced the much-awaited Income Tax Bill 2025 in the Lok Sabha on Thursday, February 13. This Bill aims to replace the Income Tax Act of 1961, without introducing any new taxes. Its primary goal is to make tax laws easier to understand…
मध्यप्रदेश में निवेश का नया अध्याय: जीआईएस 2025 में प्रधानमंत्री मोदी करेंगे उद्घाटन मध्यप्रदेश सरकार 24-25 फरवरी को भोपाल में आयोजित होने वाले ग्लोबल इन्वेस्टर्स समिट (GIS 2025) की तैयारियों में जोर-शोर से जुट गई है। इस बड़े कारोबारी आयोजन का उद्घाटन प्रधानमंत्री नरेंद्र मोदी करेंगे। मुख्यमंत्री मोहन यादव ने बुधवार को जानकारी दी कि…
यूक्रेन संकट: जेलेंस्की और ट्रंप की बातचीत को बताया ‘महत्वपूर्ण’, जल्द शांति समझौते की अपील यूक्रेन के राष्ट्रपति वोलोदिमिर जेलेंस्की और अमेरिका के राष्ट्रपति डोनाल्ड ट्रंप के बीच हुई बातचीत को ‘महत्वपूर्ण’ करार दिया गया है। दोनों नेताओं ने यूक्रेन में जारी युद्ध को समाप्त करने और शांति समझौते की दिशा में आगे बढ़ने पर…