U.S. job growth tops forecasts as payrolls rise 130,000 in January
Job growth at the start of 2026 exceeded expectations, offering reassurance that the U.S. labor market remains resilient despite months of subdued hiring and broader economic uncertainty. Fresh data from the Bureau of Labor Statistics showed nonfarm payrolls increased by 130,000 in January, well above economists’ forecasts of 55,000 and marking a notable improvement from December’s revised gain of 48,000. The stronger hiring figures were accompanied by a modest decline in the un
U.S. job growth tops forecasts as payrolls rise 130,000 in January
Job growth at the start of 2026 exceeded expectations, offering reassurance that the U.S. labor market remains resilient despite months of subdued hiring and broader economic uncertainty. Fresh data from the Bureau of Labor Statistics showed nonfarm payrolls increased by 130,000 in January, well above economists’ forecasts of 55,000 and marking a notable improvement from December’s revised gain of 48,000. The stronger hiring figures were accompanied by a modest decline in the un
Global gold wealth mapped as seven nations dominate trillion-dollar reserves
Global gold reserves have come under renewed scrutiny as bullion prices climb to historic levels, strengthening the strategic and economic significance of mineral-rich nations. Gold is currently trading at approximately $4,290 an ounce in the international market, sharply raising the value of unmined deposits and drawing attention from investors, governments and mining companies seeking long-term supply security. Against this backdrop, geological estimates highlight a small group of countries
Global gold wealth mapped as seven nations dominate trillion-dollar reserves
Global gold reserves have come under renewed scrutiny as bullion prices climb to historic levels, strengthening the strategic and economic significance of mineral-rich nations. Gold is currently trading at approximately $4,290 an ounce in the international market, sharply raising the value of unmined deposits and drawing attention from investors, governments and mining companies seeking long-term supply security. Against this backdrop, geological estimates highlight a small group of countries
Ray Dalio flags risk of capital war as geopolitics unsettle global financial markets
Legendary investor Ray Dalio has cautioned that the global economy is approaching a dangerous tipping point, warning that mounting geopolitical frictions and unstable financial markets could trigger what he describes as a “capital war,” in which nations weaponize money, trade, and investment flows to exert influence over one another. Speaking at the World Governments Summit in Dubai, Dalio said the international system is not yet in such a conflict but is “on the brink,” with conditions that could quickly escalate. He described capital war as a scenario where governments restrict access to markets, impose sanctions, enforce capital controls, or use debt holdings and trade leverage to pressure rivals. According to Dalio, rising mistrust among major economies is increasing the likelihood of these tools being deployed more aggressively. He pointed to growing tensions between the United States and its allies and competitors as a key source of concern. Discussions surrounding Washington’s interest in Greenland, a Danish territory, as well as broader disagreements over trade and security policy, have unsettled investors. Dalio said some European holders of U.S.-denominated assets fear potential sanctions or restrictions, while American policymakers may worry about losing reliable foreign buyers for government debt. European investors have played a significant role in financing U.S. borrowing needs, accounting for a large share of foreign purchases of Treasurys in recent months. Any disruption to those flows could amplify volatility in global markets and increase funding pressures. Dalio noted that “capital, money, matters,” emphasizing that financial interdependence has become both a strength and a vulnerability for the global system. Since returning to office, President Donald Trump has introduced and, at times, rolled back punitive tariffs targeting several trading partners. Those policy shifts have added to market swings and uncertainty. Dalio said similar patterns in the past have often preceded broader economic confrontations, with governments imposing foreign exchange restrictions and tightening controls to protect domestic interests. Drawing parallels with history, he referenced periods leading up to major conflicts, when sanctions and trade barriers intensified rivalries between nations. He suggested that today’s environment could produce comparable strains, particularly in relations between the United States and China, or between the United States and Europe, where trade deficits and capital imbalances remain sensitive issues. Against this backdrop, Dalio reiterated his long-standing view that gold remains an effective hedge during periods of stress. Although prices have fluctuated recently, he said the precious metal continues to serve as a reliable diversifier for portfolios. Rather than focusing on short-term movements, he advised investors, central banks, and sovereign wealth funds to maintain a steady allocation to gold as protection against systemic risk. Ultimately, Dalio urged a disciplined approach to investing, stressing that diversification across assets and regions is the best defense in an increasingly uncertain economic landscape.
Ray Dalio flags risk of capital war as geopolitics unsettle global financial markets
Legendary investor Ray Dalio has cautioned that the global economy is approaching a dangerous tipping point, warning that mounting geopolitical frictions and unstable financial markets could trigger what he describes as a “capital war,” in which nations weaponize money, trade, and investment flows to exert influence over one another. Speaking at the World Governments Summit in Dubai, Dalio said the international system is not yet in such a conflict but is “on the brink,” with conditions that could quickly escalate. He described capital war as a scenario where governments restrict access to markets, impose sanctions, enforce capital controls, or use debt holdings and trade leverage to pressure rivals. According to Dalio, rising mistrust among major economies is increasing the likelihood of these tools being deployed more aggressively. He pointed to growing tensions between the United States and its allies and competitors as a key source of concern. Discussions surrounding Washington’s interest in Greenland, a Danish territory, as well as broader disagreements over trade and security policy, have unsettled investors. Dalio said some European holders of U.S.-denominated assets fear potential sanctions or restrictions, while American policymakers may worry about losing reliable foreign buyers for government debt. European investors have played a significant role in financing U.S. borrowing needs, accounting for a large share of foreign purchases of Treasurys in recent months. Any disruption to those flows could amplify volatility in global markets and increase funding pressures. Dalio noted that “capital, money, matters,” emphasizing that financial interdependence has become both a strength and a vulnerability for the global system. Since returning to office, President Donald Trump has introduced and, at times, rolled back punitive tariffs targeting several trading partners. Those policy shifts have added to market swings and uncertainty. Dalio said similar patterns in the past have often preceded broader economic confrontations, with governments imposing foreign exchange restrictions and tightening controls to protect domestic interests. Drawing parallels with history, he referenced periods leading up to major conflicts, when sanctions and trade barriers intensified rivalries between nations. He suggested that today’s environment could produce comparable strains, particularly in relations between the United States and China, or between the United States and Europe, where trade deficits and capital imbalances remain sensitive issues. Against this backdrop, Dalio reiterated his long-standing view that gold remains an effective hedge during periods of stress. Although prices have fluctuated recently, he said the precious metal continues to serve as a reliable diversifier for portfolios. Rather than focusing on short-term movements, he advised investors, central banks, and sovereign wealth funds to maintain a steady allocation to gold as protection against systemic risk. Ultimately, Dalio urged a disciplined approach to investing, stressing that diversification across assets and regions is the best defense in an increasingly uncertain economic landscape.
Union Budget 2026 Impact: What Becomes Cheaper and Costlier for Indians
Union Budget 2026 was presented by Finance Minister Nirmala Sitharaman, marking her ninth consecutive budget and outlining the government’s commitment to inclusive growth. The budget is guided by three key kartavyas aimed at accelerating economic development while supporting the poor, underprivileged, and disadvantaged sections of society. While income tax payers were hoping for rebates or changes in standard deduction, the government chose to focus on indirect tax relief, healthcare afford
Union Budget 2026 Impact: What Becomes Cheaper and Costlier for Indians
Union Budget 2026 was presented by Finance Minister Nirmala Sitharaman, marking her ninth consecutive budget and outlining the government’s commitment to inclusive growth. The budget is guided by three key kartavyas aimed at accelerating economic development while supporting the poor, underprivileged, and disadvantaged sections of society. While income tax payers were hoping for rebates or changes in standard deduction, the government chose to focus on indirect tax relief, healthcare afford
Union Budget 2026 Live Updates From Parliament And Key Announcements
Union Budget 2026 is being presented live from Parliament, marking a significant moment in India’s economic calendar. Finance Minister Nirmala Sitharaman is delivering her ninth consecutive Union Budget, continuing a historic streak that reflects policy continuity and long-term fiscal planning. The budget session is being closely watched by policymakers, economists, businesses, and citizens across
Union Budget 2026 Live Updates From Parliament And Key Announcements
Union Budget 2026 is being presented live from Parliament, marking a significant moment in India’s economic calendar. Finance Minister Nirmala Sitharaman is delivering her ninth consecutive Union Budget, continuing a historic streak that reflects policy continuity and long-term fiscal planning. The budget session is being closely watched by policymakers, economists, businesses, and citizens across
Trump threatens 50% tariffs on Canadian aircraft amid certification dispute
US President Donald Trump has intensified trade tensions with Canada by threatening to impose sweeping tariffs on Canadian-made aircraft, opening a new chapter in an already strained bilateral relationship. In a statement issued on Thursday, Trump said the United States could levy tariffs of up to 50 per cent on aircraft sold from Canada into the US market, citing what he described as Canada’s refusal to certify American-made business jets. The president also announced plans to decertify all aircraft manufactured in Canada for use in the United States, a move he said would remain in effect until Canadian regulators approve a series of jets produced by Gulfstream Aerospace. The warning was delivered through a post on Truth Social, where Trump accused Canadian authorities of erecting regulatory barriers that unfairly block American products. In his remarks, Trump singled out the Bombardier Global Express business jet, which is manufactured in Quebec, arguing that Ottawa has benefited from access to the US market while allegedly denying similar treatment to American manufacturers. He claimed Canada had “wrongfully and illegally” refused to certify the Gulfstream 500, 600, 700, and 800 models, which he described as among the most advanced aircraft in the world. According to Trump, the lack of certification effectively prevents Gulfstream from selling its jets in Canada. Trump warned that unless the situation is resolved immediately, the United States would move forward with punitive tariffs on all aircraft imported from Canada. He framed the threat as a matter of fairness and reciprocity, asserting that American companies should not face obstacles abroad while foreign competitors enjoy broad access to the US market. The aircraft dispute is the latest flashpoint in a broader deterioration of relations between the United States and Canada since Trump returned to office last year. Political and economic friction between the two long-time allies has grown steadily, with trade policy emerging as a central source of conflict. Earlier the same day as Trump’s comments, Canadian Prime Minister Mark Carney publicly urged Washington to respect Canadian sovereignty, following reports of contacts between US officials and Alberta separatist groups. Trade tensions have also been fueled by Canada’s recent diplomatic engagement with China. Trump has repeatedly warned Ottawa against deepening economic ties with Beijing, arguing that such moves could undermine US interests. He has threatened to impose tariffs as high as 100 per cent on Canadian goods if Canada proceeds with a trade agreement with China, a warning he reiterated over the weekend. In a series of earlier social media posts, Trump mocked Carney by referring to him as “Governor” and cautioned that Canada should not act as a conduit for Chinese goods entering the US market. He claimed that closer ties with Beijing would leave Canada economically vulnerable and pledged swift retaliation if such an agreement were finalized. The remarks came shortly after Carney visited Beijing, marking the first visit by a Canadian leader to China in nearly a decade. The escalating rhetoric underscores the growing uncertainty surrounding North American trade and the aerospace sector in particular. With aircraft manufacturing representing a significant industry for both countries, analysts say prolonged disputes over certification and tariffs could have far-reaching economic consequences. For now, the standoff highlights how regulatory disagreements and geopolitical concerns are increasingly shaping trade relations between Washington and Ottawa.
Trump threatens 50% tariffs on Canadian aircraft amid certification dispute
US President Donald Trump has intensified trade tensions with Canada by threatening to impose sweeping tariffs on Canadian-made aircraft, opening a new chapter in an already strained bilateral relationship. In a statement issued on Thursday, Trump said the United States could levy tariffs of up to 50 per cent on aircraft sold from Canada into the US market, citing what he described as Canada’s refusal to certify American-made business jets. The president also announced plans to decertify all aircraft manufactured in Canada for use in the United States, a move he said would remain in effect until Canadian regulators approve a series of jets produced by Gulfstream Aerospace. The warning was delivered through a post on Truth Social, where Trump accused Canadian authorities of erecting regulatory barriers that unfairly block American products. In his remarks, Trump singled out the Bombardier Global Express business jet, which is manufactured in Quebec, arguing that Ottawa has benefited from access to the US market while allegedly denying similar treatment to American manufacturers. He claimed Canada had “wrongfully and illegally” refused to certify the Gulfstream 500, 600, 700, and 800 models, which he described as among the most advanced aircraft in the world. According to Trump, the lack of certification effectively prevents Gulfstream from selling its jets in Canada. Trump warned that unless the situation is resolved immediately, the United States would move forward with punitive tariffs on all aircraft imported from Canada. He framed the threat as a matter of fairness and reciprocity, asserting that American companies should not face obstacles abroad while foreign competitors enjoy broad access to the US market. The aircraft dispute is the latest flashpoint in a broader deterioration of relations between the United States and Canada since Trump returned to office last year. Political and economic friction between the two long-time allies has grown steadily, with trade policy emerging as a central source of conflict. Earlier the same day as Trump’s comments, Canadian Prime Minister Mark Carney publicly urged Washington to respect Canadian sovereignty, following reports of contacts between US officials and Alberta separatist groups. Trade tensions have also been fueled by Canada’s recent diplomatic engagement with China. Trump has repeatedly warned Ottawa against deepening economic ties with Beijing, arguing that such moves could undermine US interests. He has threatened to impose tariffs as high as 100 per cent on Canadian goods if Canada proceeds with a trade agreement with China, a warning he reiterated over the weekend. In a series of earlier social media posts, Trump mocked Carney by referring to him as “Governor” and cautioned that Canada should not act as a conduit for Chinese goods entering the US market. He claimed that closer ties with Beijing would leave Canada economically vulnerable and pledged swift retaliation if such an agreement were finalized. The remarks came shortly after Carney visited Beijing, marking the first visit by a Canadian leader to China in nearly a decade. The escalating rhetoric underscores the growing uncertainty surrounding North American trade and the aerospace sector in particular. With aircraft manufacturing representing a significant industry for both countries, analysts say prolonged disputes over certification and tariffs could have far-reaching economic consequences. For now, the standoff highlights how regulatory disagreements and geopolitical concerns are increasingly shaping trade relations between Washington and Ottawa.
Dollar decline creates double-edged sword for US economy
The U.S. dollar has continued its recent decline, extending a trend that presents both opportunities and challenges for the American economy. President Donald Trump described the currency as “doing great,” reflecting his view that a moderately weaker dollar can provide strategic benefits in international trade. Despite this optimism, economists warn that the weakening greenback represents a “double-edged sword,” offering advantages to exporters while introducing risks related to inflatio
Dollar decline creates double-edged sword for US economy
The U.S. dollar has continued its recent decline, extending a trend that presents both opportunities and challenges for the American economy. President Donald Trump described the currency as “doing great,” reflecting his view that a moderately weaker dollar can provide strategic benefits in international trade. Despite this optimism, economists warn that the weakening greenback represents a “double-edged sword,” offering advantages to exporters while introducing risks related to inflatio
Budget Session 2026 live: President Murmu addresses joint Parliament as session begins
The Budget Session 2026 of the Indian Parliament commenced on Wednesday with President Droupadi Murmu addressing the joint sitting of the Lok Sabha and the Rajya Sabha in New Delhi. The opening of the session marks the beginning of one of the most significant legislative periods of the year, during which the government outlines its economic vision and policy priorities. Lawmakers from across political parties assembled as the President delivered her customary address, setting the tone for deb
Budget Session 2026 live: President Murmu addresses joint Parliament as session begins
The Budget Session 2026 of the Indian Parliament commenced on Wednesday with President Droupadi Murmu addressing the joint sitting of the Lok Sabha and the Rajya Sabha in New Delhi. The opening of the session marks the beginning of one of the most significant legislative periods of the year, during which the government outlines its economic vision and policy priorities. Lawmakers from across political parties assembled as the President delivered her customary address, setting the tone for deb
U.S. natural gas prices surge above $6 as winter storm fern deepens energy strain
U.S. natural gas prices surged sharply on Monday, climbing above the $6 mark for the first time since late 2022, as a powerful winter storm swept across large portions of the country, straining energy systems and disrupting daily life for millions of Americans. The rally reflected mounting concerns over heating demand, power generation reliability, and supply disruptions amid one of the most severe cold snaps of the season. Natural gas futures for February delivery rose more than 18
U.S. natural gas prices surge above $6 as winter storm fern deepens energy strain
U.S. natural gas prices surged sharply on Monday, climbing above the $6 mark for the first time since late 2022, as a powerful winter storm swept across large portions of the country, straining energy systems and disrupting daily life for millions of Americans. The rally reflected mounting concerns over heating demand, power generation reliability, and supply disruptions amid one of the most severe cold snaps of the season. Natural gas futures for February delivery rose more than 18
Retiring soon? Avoid these tax mistakes that can quietly drain your savings
Retirement is often seen as a reward for years of hard work, offering time, freedom, and flexibility. However, it also brings a significant change in how income is earned and taxed. Instead of a single salary slip, retirees begin receiving income from multiple sources such as pension, bank interest, fixed deposits, rental income, and investment withdrawals. This sudden shift creates confusion, and even small tax oversights during the first year of retirement can quietly reduce lifetime saving
Retiring soon? Avoid these tax mistakes that can quietly drain your savings
Retirement is often seen as a reward for years of hard work, offering time, freedom, and flexibility. However, it also brings a significant change in how income is earned and taxed. Instead of a single salary slip, retirees begin receiving income from multiple sources such as pension, bank interest, fixed deposits, rental income, and investment withdrawals. This sudden shift creates confusion, and even small tax oversights during the first year of retirement can quietly reduce lifetime saving
Silver prices cross Rs 2 lakh on MCX as industrial demand and global cues boost rally
Silver prices touched a key psychological level on Friday as March futures on the Multi Commodity Exchange briefly crossed the Rs 2 lakh mark, reflecting strong momentum in the bullion market. The contract rose to an intraday high of Rs 2,00,362 before easing slightly in late trade. By 3:54 pm, silver was quoted at Rs 1,99,238, still holding most of the day’s gains as traders assessed near-term cues. The move marks the continuation of a steady rally seen over the past several weeks, driven by a combination of supportive global and domestic factors. A softer US dollar and declining global interest rates have improved the appeal of non-yielding assets such as precious metals, encouraging investor participation. At the same time, broader strength across industrial commodities has added to bullish sentiment in silver, which straddles both investment and industrial demand. Market participants point to global monetary easing as a key driver behind the recent surge. With the US Federal Reserve cutting rates again, expectations of a prolonged low-rate environment have strengthened. This has reduced the opportunity cost of holding metals and increased demand from investors seeking diversification and protection against currency volatility. A weaker dollar has further supported prices by making silver cheaper for overseas buyers, lifting global demand. Industrial consumption has also emerged as a significant pillar for prices. Silver remains a critical input for solar panels, electric vehicles, semiconductors and a wide range of electronic components. As global investment in clean energy and technology accelerates, demand for the metal continues to expand. Several industry estimates suggest that supply growth from mining has not kept pace with rising consumption, resulting in a persistent global supply deficit. In India, demand has been reinforced by the rapid expansion of solar power capacity and the government’s push to strengthen domestic electronics manufacturing. Traders noted that once silver moved decisively above the Rs 1.90 lakh resistance zone, momentum-based buying gathered pace, carrying prices toward the Rs 2 lakh threshold. The longer-term outlook remains constructive, supported by structural demand trends. Analysts tracking the market highlight that the imbalance between supply and consumption is likely to persist, keeping prices elevated. Based on these fundamentals, some projections point to a potential upside toward Rs 2.40 lakh over the medium to long term, provided global demand remains steady and mining output does not rise sharply. From a technical perspective, the ability of silver to sustain levels near Rs 2 lakh will be closely watched. Immediate resistance is seen around Rs 2,00,500, while support is placed near Rs 1,96,000. A firm close above resistance could strengthen expectations of a move toward the Rs 2.10 lakh to Rs 2.15 lakh range. However, traders caution that short-term volatility is likely, with profit booking or shifts in global rate expectations capable of triggering temporary corrections. Despite the possibility of near-term swings, the broader fundamentals continue to favour silver. Growing demand from solar, electronics and EV segments, combined with limited supply expansion, underpins the bullish outlook. The recent move past Rs 2 lakh has set a new reference point for the market, and its ability to build on this milestone will depend on how global monetary policy, industrial consumption and investor sentiment evolve in the weeks ahead.
Silver prices cross Rs 2 lakh on MCX as industrial demand and global cues boost rally
Silver prices touched a key psychological level on Friday as March futures on the Multi Commodity Exchange briefly crossed the Rs 2 lakh mark, reflecting strong momentum in the bullion market. The contract rose to an intraday high of Rs 2,00,362 before easing slightly in late trade. By 3:54 pm, silver was quoted at Rs 1,99,238, still holding most of the day’s gains as traders assessed near-term cues. The move marks the continuation of a steady rally seen over the past several weeks, driven by a combination of supportive global and domestic factors. A softer US dollar and declining global interest rates have improved the appeal of non-yielding assets such as precious metals, encouraging investor participation. At the same time, broader strength across industrial commodities has added to bullish sentiment in silver, which straddles both investment and industrial demand. Market participants point to global monetary easing as a key driver behind the recent surge. With the US Federal Reserve cutting rates again, expectations of a prolonged low-rate environment have strengthened. This has reduced the opportunity cost of holding metals and increased demand from investors seeking diversification and protection against currency volatility. A weaker dollar has further supported prices by making silver cheaper for overseas buyers, lifting global demand. Industrial consumption has also emerged as a significant pillar for prices. Silver remains a critical input for solar panels, electric vehicles, semiconductors and a wide range of electronic components. As global investment in clean energy and technology accelerates, demand for the metal continues to expand. Several industry estimates suggest that supply growth from mining has not kept pace with rising consumption, resulting in a persistent global supply deficit. In India, demand has been reinforced by the rapid expansion of solar power capacity and the government’s push to strengthen domestic electronics manufacturing. Traders noted that once silver moved decisively above the Rs 1.90 lakh resistance zone, momentum-based buying gathered pace, carrying prices toward the Rs 2 lakh threshold. The longer-term outlook remains constructive, supported by structural demand trends. Analysts tracking the market highlight that the imbalance between supply and consumption is likely to persist, keeping prices elevated. Based on these fundamentals, some projections point to a potential upside toward Rs 2.40 lakh over the medium to long term, provided global demand remains steady and mining output does not rise sharply. From a technical perspective, the ability of silver to sustain levels near Rs 2 lakh will be closely watched. Immediate resistance is seen around Rs 2,00,500, while support is placed near Rs 1,96,000. A firm close above resistance could strengthen expectations of a move toward the Rs 2.10 lakh to Rs 2.15 lakh range. However, traders caution that short-term volatility is likely, with profit booking or shifts in global rate expectations capable of triggering temporary corrections. Despite the possibility of near-term swings, the broader fundamentals continue to favour silver. Growing demand from solar, electronics and EV segments, combined with limited supply expansion, underpins the bullish outlook. The recent move past Rs 2 lakh has set a new reference point for the market, and its ability to build on this milestone will depend on how global monetary policy, industrial consumption and investor sentiment evolve in the weeks ahead.
Biggest Tax Mistakes Of 2025: AIS Mismatches And Capital Gains Errors Lead Filers Into Trouble
Tax filing in 2025 was far more complicated for Indians than previous years, largely because personal income streams are no longer limited to salary alone. A growing number of taxpayers now earn through freelancing, digital content creation, SIP withdrawals, RSU vesting, intraday trades and influencer payouts. This shift has made filing returns prone to errors, especially for individuals who fail to reconcile their reported income with official tax statements. Financial experts say that AIS a
Biggest Tax Mistakes Of 2025: AIS Mismatches And Capital Gains Errors Lead Filers Into Trouble
Tax filing in 2025 was far more complicated for Indians than previous years, largely because personal income streams are no longer limited to salary alone. A growing number of taxpayers now earn through freelancing, digital content creation, SIP withdrawals, RSU vesting, intraday trades and influencer payouts. This shift has made filing returns prone to errors, especially for individuals who fail to reconcile their reported income with official tax statements. Financial experts say that AIS a
Trump signals new tariffs on Indian rice and Canadian fertiliser amid farmer concerns
US President Donald Trump indicated that his administration is prepared to examine new tariffs on a range of agricultural imports, including Canadian fertiliser and Indian rice, after American farmers raised concerns that low-priced foreign goods were eroding their competitiveness. The comments came during a roundtable discussion at the White House, where the President unveiled a $12 billion support package intended to cushion farmers from mounting price pressures and market volatility. Througho
Trump signals new tariffs on Indian rice and Canadian fertiliser amid farmer concerns
US President Donald Trump indicated that his administration is prepared to examine new tariffs on a range of agricultural imports, including Canadian fertiliser and Indian rice, after American farmers raised concerns that low-priced foreign goods were eroding their competitiveness. The comments came during a roundtable discussion at the White House, where the President unveiled a $12 billion support package intended to cushion farmers from mounting price pressures and market volatility. Througho
RBI Cuts Repo Rate To 5.25%: Will Your Home Loan EMIs Finally Get Cheaper?
The Reserve Bank of India has reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. This marks a total reduction of 125 basis points in 2025, sparking fresh hope among homebuyers for affordable loan EMIs as banks prepare to revise lending rates. The Monetary Policy Committee (MPC), which met on December 3, 4 and 5, voted unanimously after assessing inflation control, liquidity status and growth expectations. Governor Sanjay Malhotra confirmed the move, addin
RBI Cuts Repo Rate To 5.25%: Will Your Home Loan EMIs Finally Get Cheaper?
The Reserve Bank of India has reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. This marks a total reduction of 125 basis points in 2025, sparking fresh hope among homebuyers for affordable loan EMIs as banks prepare to revise lending rates. The Monetary Policy Committee (MPC), which met on December 3, 4 and 5, voted unanimously after assessing inflation control, liquidity status and growth expectations. Governor Sanjay Malhotra confirmed the move, addin
Doge disputes claims of shutdown, says operations continue with new updates
The Department of Government Efficiency has rejected claims that it was quietly dissolved months before the end of its contract, calling recent reports inaccurate and misleading. The agency, known for its focus on reducing federal spending and reviewing large segments of the government’s budget, responded after speculation arose regarding its operational status. A recent report had cited an unnamed United States official asserting that the department “doesn’t exist,” prompting widespr
Doge disputes claims of shutdown, says operations continue with new updates
The Department of Government Efficiency has rejected claims that it was quietly dissolved months before the end of its contract, calling recent reports inaccurate and misleading. The agency, known for its focus on reducing federal spending and reviewing large segments of the government’s budget, responded after speculation arose regarding its operational status. A recent report had cited an unnamed United States official asserting that the department “doesn’t exist,” prompting widespr
Fight over $900M in COVID-19 jobless benefits heads to Ohio Supreme Court
The Ohio Supreme Court has agreed to hear a high-profile dispute over the early termination of federal COVID-19 unemployment benefits, a decision that could determine whether roughly $900 million in aid will finally reach hundreds of thousands of residents. The case centers on Gov. Mike DeWine’s 2021 decision to withdraw the state from the federal program that provided an additional $300 per week to eligible jobless workers during the height of the pandemic. Lower courts have concluded that
Fight over $900M in COVID-19 jobless benefits heads to Ohio Supreme Court
The Ohio Supreme Court has agreed to hear a high-profile dispute over the early termination of federal COVID-19 unemployment benefits, a decision that could determine whether roughly $900 million in aid will finally reach hundreds of thousands of residents. The case centers on Gov. Mike DeWine’s 2021 decision to withdraw the state from the federal program that provided an additional $300 per week to eligible jobless workers during the height of the pandemic. Lower courts have concluded that
India seals historic US LPG import contract for 2026 supply
India has signed its first structured, long-term contract to import liquefied petroleum gas from the United States, marking what government officials describe as a major turning point in the country’s energy sourcing strategy. The announcement comes at a time when global energy markets remain highly volatile and nations are increasingly seeking diversified, stable supply lines. According to the Ministry of Petroleum and Natural Gas, the agreement will help safeguard India’s fuel supply du
India seals historic US LPG import contract for 2026 supply
India has signed its first structured, long-term contract to import liquefied petroleum gas from the United States, marking what government officials describe as a major turning point in the country’s energy sourcing strategy. The announcement comes at a time when global energy markets remain highly volatile and nations are increasingly seeking diversified, stable supply lines. According to the Ministry of Petroleum and Natural Gas, the agreement will help safeguard India’s fuel supply du
Cook County to mail delayed property tax bills with December deadline
Cook County property owners are finally set to receive their long-delayed second installment property tax bills, with officials confirming that 1.8 million bills are expected to be mailed by Friday. The bills, which are normally delivered during the summer, will carry a due date of December 15, marking the end of a months-long delay that left many residents uncertain about their financial planning for the year. The delay stems from an extensive modernization of Cook County’s aging
Cook County to mail delayed property tax bills with December deadline
Cook County property owners are finally set to receive their long-delayed second installment property tax bills, with officials confirming that 1.8 million bills are expected to be mailed by Friday. The bills, which are normally delivered during the summer, will carry a due date of December 15, marking the end of a months-long delay that left many residents uncertain about their financial planning for the year. The delay stems from an extensive modernization of Cook County’s aging
US government shutdown ends but economic and social fallout continues to deepen
The longest government shutdown in United States history has finally come to an end, but the deep wounds it has inflicted across the economy and federal systems will not heal anytime soon. Though President Donald Trump signed a funding bill to reopen the government after a record 43 days, the aftershocks continue to ripple through essential sectors. With another possible shutdown looming on January 30, the reprieve may be only temporary, leaving the nation bracing for renewed political and econo
US government shutdown ends but economic and social fallout continues to deepen
The longest government shutdown in United States history has finally come to an end, but the deep wounds it has inflicted across the economy and federal systems will not heal anytime soon. Though President Donald Trump signed a funding bill to reopen the government after a record 43 days, the aftershocks continue to ripple through essential sectors. With another possible shutdown looming on January 30, the reprieve may be only temporary, leaving the nation bracing for renewed political and econo
House set to vote on bill to end record U.S. government shutdown
The U.S. House of Representatives is preparing to vote Wednesday evening on a bill that would officially bring an end to the longest government shutdown in American history. According to House Majority Leader Steve Scalise of Louisiana, the process to move the legislation forward will begin late in the afternoon, with the final vote expected to take place around 7 p.m. Eastern Time. Speaking to reporters, Scalise emphasized the urgency of the decision, noting that lawmakers must act
House set to vote on bill to end record U.S. government shutdown
The U.S. House of Representatives is preparing to vote Wednesday evening on a bill that would officially bring an end to the longest government shutdown in American history. According to House Majority Leader Steve Scalise of Louisiana, the process to move the legislation forward will begin late in the afternoon, with the final vote expected to take place around 7 p.m. Eastern Time. Speaking to reporters, Scalise emphasized the urgency of the decision, noting that lawmakers must act









