In a sweeping move set to impact millions of Americans, the U.S. Department of Education announced it will resume collections on approximately five million defaulted federal student loans starting May 5. This marks the first time since the pandemic-era pause that collections will be enforced, ending a five-year period of relief that shielded borrowers from wage garnishments and federal benefit offsets. The action targets borrowers who had already defaulted on their student loan

After months out of the spotlight, former President Joe Biden returned to the national stage with a blistering critique of the current administration’s handling of Social Security and the deepening divide in American politics. Addressing a crowd of policy advocates and community leaders, Biden warned of sweeping staff reductions at the Social Security Administration (SSA) and accused the White House of undermining a foundational institution that millions of Americans rely on. Biden&rs

Ray Dalio, billionaire founder of Bridgewater Associates and one of the world’s most closely followed investors, has issued a stark warning that the United States could be on the verge of something far more severe than a typical recession. His concerns are rooted not in speculation, but in a detailed analysis of macroeconomic trends, fiscal policy decisions, and geopolitical tensions that he believes are combining to create an economic environment that could result in significant long-term

The Reserve Bank of India (RBI) has introduced a new initiative to connect more directly with the public by launching an official WhatsApp channel. This development is part of the central bank’s broader commitment to enhancing public awareness and making important financial and banking information accessible to every citizen, particularly those in rural and semi-urban areas who might not have regular access to official websites or traditional media. The initiative falls under the RBI&rs

CyberArk (NASDAQ: CYBR), the global leader in identity security, has unveiled a significant innovation designed to secure the future of artificial intelligence in enterprise environments. With the launch of the CyberArk Secure AI Agents Solution, the company is responding to the exponential growth of AI agents—autonomous programs capable of executing complex tasks with little to no human oversight—and the profound identity-centric risks they introduce. The solution is a

Zerodha CEO Nithin Kamath has sounded a timely caution amid ongoing market volatility, warning that a sharp and prolonged crash in the Indian stock market could result in long-lasting consequences for investor sentiment. Drawing parallels with the aftermath of the 2008 global financial crisis, Kamath posted on social media platform X, stating, “By the way, if markets fall sharply, investors might stay out of the market for years—just like they did after 2008.” Kama

 As the Pradhan Mantri MUDRA Yojana (PMMY) completes a decade since its launch on April 8, 2015, Prime Minister Narendra Modi marked the occasion by highlighting the scheme’s transformative impact on financial inclusion and grassroots entrepreneurship in India. According to the Prime Minister, over 52 crore loans worth ₹33 lakh crore have been disbursed under the scheme, making it a major success story in India’s developmental narrative. PM Modi described the scheme as an outc

The White House has dismissed multiple administration officials following a meeting between President Donald Trump and far-right activist Laura Loomer. Among those ousted were at least three National Security Council (NSC) staffers, according to sources familiar with the matter. The decision came after Loomer reportedly provided Trump with a list of officials she deemed disloyal, urging their removal. Loomer, a controversial figure known for her extreme views, has gained influence

This month, a University of Minnesota graduate student was detained by Immigration and Customs Enforcement (ICE), sparking significant concern and protests among students and faculty. Contrary to earlier reports suggesting the student's involvement in campus protests, federal officials confirmed that the detention was related to a prior criminal history, specifically a DUI arrest, and the subsequent revocation of the student's visa by the U.S. Department of State. The Department of Ho

As the new financial year begins on April 1, 2025, taxpayers, investors, and banking customers in India must prepare for several important changes in financial regulations. These reforms, previously announced by the government and regulatory bodies, are aimed at improving compliance, digital security, and financial transparency. Here’s a simple breakdown of the key changes that come into effect starting April 1.   1. Higher Income Tax Exemption Limit

The European Union has issued a new set of guidelines urging its 450 million citizens to prepare for potential crises by stockpiling essential supplies. These supplies, which should last for at least 72 hours, include food, water, medicine, flashlights, and other critical items. The EU’s recommendation comes as part of an updated security strategy, considering the rising global threats that Europe faces today, including warfare, cyberattacks, the impacts of

Indian students studying in the United States have been reminded of the importance of adhering to local laws by India’s Ministry of External Affairs (MEA). This warning comes after two high-profile incidents involving Indian nationals that raised concerns about visa violations and political activity, with one individual being detained and another reportedly self-deporting. The cases in question involved accusations of support for Hamas, and the incidents hav

Ensuring financial security for children is one of the primary concerns for parents. Whether planning for education, marriage, or other major milestones, choosing the right investment plan can make a significant difference. While traditional government-backed schemes like Sukanya Samriddhi Yojana (SSY) are widely known, financial experts are now highlighting the potential of Children's Mutual Funds as a flexible and high-return alternative.   Understanding Su

Life Insurance Corporation of India (LIC) has requested the Reserve Bank of India (RBI) to introduce long-term government bonds, including 100-year bonds, to support their investment strategies for whole life insurance policies. This request was confirmed by Siddhartha Mohanty, Managing Director and Chief Executive of LIC, during an event in Mumbai. Speaking on the sidelines of the GCA25 conference, Mohanty explained that LIC’s investment portfolio heavily depends on long-term bonds to

The Pakistan Cricket Board (PCB) has reportedly suffered an estimated Rs 869 crore (USD 85 million) loss after hosting the ICC Champions Trophy 2025, resulting in severe budget cuts across various sectors of Pakistani cricket. This substantial financial setback has prompted drastic cost-cutting measures, including reductions in match fees and player accommodations. The financial blow stems from heavy investments in stadium upgrades and event preparations. According to a report by The Telegrap

A suspect involved in the Amritsar temple blast was killed in a police encounter, while another suspect managed to escape, Punjab Police confirmed on Monday. The encounter took place after officers tracked down the accused in the Rajasansi area of Amritsar. The incident stems from the March 15 explosion outside the Thakur Dwara Temple in Amritsar, where an unidentified individual hurled an explosive device toward the temple premises. The blast caused damage to the temple’s wall and shat

The Trump administration is reportedly considering implementing sweeping travel restrictions on citizens from 41 countries as part of a proposed travel ban, according to sources familiar with the matter and an internal memo obtained by Reuters. The internal memo outlines three distinct groups of countries facing varying levels of visa restrictions. In the first group, a total of 10 countries, including Afghanistan, Iran, Syria, Cuba, and North Korea, are listed for a full visa suspension. Thi

Many users have faced difficulties in removing old or inactive mobile numbers linked to their UPI ID, leading to security risks and potential fraud. However, a new directive from the National Payments Corporation of India (NPCI) will simplify this process. By March 31, 2025, all banks and Payment Service Providers (PSPs) offering UPI services must update their databases to automatically remove inactive or recycled mobile numbers. The new rule is aimed at reducing errors and fraud that may ari

The Income Tax Department has issued a crucial reminder for taxpayers regarding the final instalment of advance tax for the financial year 2024-25. As per the official directive, taxpayers must clear their advance tax dues by March 15, 2025, to ensure compliance with Indian tax laws. Timely payment of advance tax not only prevents interest penalties but also contributes to the government's efforts towards economic growth, supporting the ‘Viksit Bharat Movement’ aimed at making

Millions of women worldwide face significant financial disparities compared to men, accumulating to hundreds of thousands of pounds less in lifetime earnings. This financial gap begins early in life and persists into retirement. Understanding these challenges and taking proactive steps can help close the wealth gap for future generations.   Childhood: The Starting Point of the Wealth Gap Research by Starling Bank shows that parents give boys