In what economists termed as a sign of trouble, India’s real GDP growth slumped to a seven-quarter low of 5.4% in the July to September 2024 quarter, much lower than even the most pessimistic independent projections, from a five-quarter nadir of 6.7% in the first quarter (Q1), with Gross Value Added (GVA) growth slowing to…
Mumbai, Dec 4 (PTI) Reserve Bank’s high-level panel on Wednesday started deliberations on the bi-monthly monetary policy amid expectations of status quo on interest rate as the retail inflation is above the upper tolerance level of the central bank. The decision taken at the RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) will…
One Nation One Election India: A Game-Changer or Threat to Federalism? India, the world’s largest democracy, is debating a revolutionary electoral reform: One Nation One Election (ONOE). Prime Minister Narendra Modi’s BJP government introduced a bill to synchronize state and federal elections, reigniting a decades-old debate. Here’s a deep dive into the proposal, its implications, and…
Prime Minister Narendra Modi today convened a high-profile roundtable with top American technology CEOs, focusing on innovation, collaboration, and India’s growing tech space. The meeting, held at the Lotte New York Palace Hotel, was part of PM Modi’s three-day visit to the United States, with its second leg in New York. Hosted by the Massachusetts…
JPMorgan Chase is in talks with Apple about replacing Goldman Sachs as the tech giant’s credit-card partner, a source familiar with the matter said on Tuesday. The discussions started earlier this year and have advanced in recent weeks, but any potential deal could still be months away, said the source, who asked not to be…
Brent crude futures fell below $70 a barrel on Tuesday for the first time since December 2021, after Opec+ revised down its demand forecast for this year and 2025. Brent crude futures were down $2.33, or 3.24 per cent, at $69.51 a barrel at 11:08 a.m. EDT. US West Texas Intermediate crude lost $2.50, or…
Hundreds of passengers have been stranded at Kenya’s main airport after workers went on strike in protest at a planned takeover by an Indian business group. Large queues formed outside Nairobi’s Jomo Kenyatta International Airport (JKIA) on Wednesday morning as flights were delayed and cancelled. Union leaders on Wednesday evening said they would return to…
New Zealand will drastically raise its international visitor entry charge on October 1st, raising concerns about possible effects on the number of tourists. The International Visitor Conservation and Tourism Levy is going to increase by almost three times, from NZ$35 (Rs 1,825) to NZ$100 (Rs 5,214). The government of New Zealand has defended the hefty…
The central government has announced a new pension scheme for government employees called the Unified Pension Scheme (UPS). The UPS will provide an assured pension which will benefit 23 lakh central government employees. The state government has the option to opt for UPS for their employees as well. The government has announced the UPS due to employee backlash regarding lower corpus and lower…
Benchmark indices retracted from all-time high levels, with Sensex falling over 600 points from the day’s high of 79,855 to 79,236, while Nifty50 dropped to 24,100 after scaling 24,200 levels in the opening session. From the Sensex pack, Infosys, HCL Tech, TCS, and Bharti Airtel opened higher, while Tata Motors, Kotak Mahindra Bank, Bajaj Finance,…
