Finance Minister’s View on GDP Growth: In a recent statement, Finance Minister Nirmala Sitharaman addressed the lower-than-expected growth in India’s GDP for the September quarter, calling it a "temporary blip." She emphasized her confidence that India’s economy will regain strong growth in the upcoming quarters. Despite the slowdown in the second quarter, she highligh

A high-ranking Russian general, Lieutenant General Igor Kirillov, was killed in an explosion in Moscow on Tuesday. Kirillov, who served as the chief of Russia's Nuclear, Biological, and Chemical Protection Troops (RKhBZ), was killed by a bomb hidden in an electric scooter. The blast occurred outside a residential building on Ryazansky Prospekt, located about seven kilometers southeast of the Kremlin. Kirillov’s assistant also died in the explosion. The attack comes as Mosc

Union Home Minister Amit Shah recently made significant remarks regarding India’s Constitution, highlighting the democratic process of its adoption and emphasizing its deep connection with India's traditions. Shah stated that the Constitution was adopted after extensive feedback from the people, marking a democratic milestone in India’s history. Some of his key quotes touched upon the ongoing debates in Parliament about the Constitution, noting that they have served

As of 6:50 a.m. today, gold prices stood at Rs 77,170 per 10 grams, according to the India Bullion Association. This represents a slight dip from the highs seen on Monday when prices had briefly climbed after falling from Rs 79,100 on Friday. The price of gold had reached its highest level for the month on December 11 before experiencing a drop of over Rs 1,000 on Monday. Compared to November's peak of Rs 78,060 on Nov. 23, the current price of gold reflects the ongoing volatility in the

On Monday, Andhra Pradesh Chief Minister N. Chandrababu Naidu visited the Polavaram project in Eluru district to review its progress. During his inspection, he sought details from the officials overseeing the project. The officials informed him that more than Rs 1,200 crore would be needed for constructing the diaphragm wall and guide bund, crucial components of the project. Speaking to the media, CM Naidu highlighted that the government aims to finish the entire Polavaram project b

US President-elect Donald Trump, set to assume office in January 2025, has begun implementing stricter immigration policies, leading to a significant crackdown on undocumented individuals. Among the 1.45 million people slated for deportation, nearly 18,000 undocumented Indians are at risk. India Among "Uncooperative" Countries India has been classified as one of the "uncooperative" countries in the deportation process, alongsid

India’s economy has consistently been a focal point for Non-Resident Indians (NRIs) seeking long-term investment opportunities. With its rapid economic growth, demographic dividend, and government reforms, India offers several promising sectors for NRIs to invest in. Himanshu Kohli, an expert in wealth management, highlights the top four sectors that provide significant potential for long-term returns. 1. Real Estate The Indian real estate m

Infosys co-founder Narayana Murthy has once again defended his controversial call for a 70-hour workweek, which he initially proposed in 2023. Murthy believes that young professionals in India must work harder to make the country globally competitive. Speaking at an event in Kolkata, Murthy highlighted the importance of aiming high and working towards making India the best. He pointed out that millions of Indians still live in poverty, and working hard is crucial to improving the nation&rsquo

Indian tourists may soon enjoy visa-free travel to Russia, with the new arrangement expected by spring 2025. Since August 2023, Indian travelers have already been eligible for e-visas, which are processed within four days. The upcoming visa-free travel agreement will further strengthen tourism ties between India and Russia. In 2023, Russia granted 9,500 e-visas to Indian visitors, placing India among the top five countries for easy travel access to Russia. Consultations between Mosc

Prime Minister Narendra Modi on Monday honored the soldiers who played a pivotal role in India's victory during the 1971 war, known as Vijay Diwas. The day commemorates the surrender of Pakistani forces to the Indian Army, which led to the creation of Bangladesh. In a post shared on X, PM Modi paid tribute to the bravery and sacrifices of the soldiers who contributed to this historic victory. Modi emphasized the selfless dedication and determination of the Indian soldiers, notin

The Indian rupee opened at 84.83 against the US dollar on Monday, a depreciation of 4 paise compared to the previous close of 84.79. The decline in the rupee is largely attributed to the uncertainty following the announcement of a leadership transition at the Reserve Bank of India (RBI). Shaktikanta Das will be succeeded by Sanjay Malhotra, sparking initial concerns in the market. However, markets quickly adjusted to the news, with experts noting that the RBI is closely monitoring banking sys

Switzerland has decided to suspend the Most-Favoured-Nation (MFN) status granted to India, which could result in higher taxes for Indian companies operating in the country. Starting January 1, 2025, Indian companies will face increased withholding tax rates on income such as dividends and royalties generated in Switzerland. The new tax rules will impose a 10% tax on dividends earned by Indian entities. This move follows a ruling by the Indian Supreme Court in October 2023, which sta

The International Cricket Council (ICC) is set to finalize the hybrid model for the 2025 Champions Trophy during a virtual meeting with Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi. Under this model, India and Pakistan will not travel to each other's countries for ICC events. The 2025 Champions Trophy, scheduled from February 19 to March 9, will be played in Dubai, with eight teams divided into two groups. The top two teams from each group will advance to the semifinals. T

Elon Musk’s Tesla has become one of the top employers of H-1B workers, with over 1,700 H-1B visas approved for Tesla employees in 2020. This marks a significant reliance on skilled foreign workers as Tesla continues to grow. Musk’s early career began with illegal work on a student visa in the U.S., but now Tesla’s future is intertwined with the availability of H-1B workers, a visa program that is crucial for attracting talent to the tech industry. The Trump adminis

A tragic incident occurred in Odisha's Mayurbhanj district when a Class 10 student, Sukhdev Munda, died after allegedly being administered a wrong injection at a local pharmacy. Sukhdev, who was suffering from a skin infection, was taken to Sarbeswar Medicines pharmacy in Saharpada Market by his father for treatment. The pharmacist assured them that an injection would provide quick relief. However, shortly after receiving the injection, Sukhdev's condition deteriorated, and he passed

On Thursday, the Reserve Bank of India (RBI) received a bomb threat via email, which was written in Russian. The threat, sent to the RBI's official website, claimed that the bank would be blown up. Following the threat, a case was registered at the Mata Rambai Marg (MRA Marg) police station in Mumbai, and an investigation has been launched. This incident comes after a similar threat was made to the RBI through its customer care number on November 16, with the caller claiming to

BEML Ltd. is working on an ambitious timeline to roll out India’s first indigenous bullet train by December 2026, as revealed by Chairman and Managing Director Shantanu Roy. The company has been tasked with designing and manufacturing the bullet trains for the highly anticipated Mumbai-Ahmedabad route. This project marks a significant milestone in India's railway history, with BEML focusing on building two prototypes. Roy emphasized the importance of intellectual property

India has achieved a major milestone by surpassing $1 trillion in Foreign Direct Investment (FDI) since the turn of the century. Latest data from the Department for Promotion of Industry and Internal Trade (DPIIT) reveals that from April 2000 to September 2024, India attracted a total of $1,033.40 billion in FDI. This surge underscores India’s growing appeal as a global investment hub. Significant contributions have come from countries like Mauritius (25%), Singapore (24%), an

 A group of 55 Rajya Sabha MPs, led by Kapil Sibal, has submitted a motion seeking the impeachment of Allahabad High Court Judge Shekhar Kumar Yadav. The MPs, including prominent leaders such as P Chidambaram, Digvijaya Singh, Raghav Chadha, and Sagarika Ghose, accuse the judge of making hate-filled and inflammatory statements that promote communal disharmony. These remarks, which were made during an event organized by the Vishwa Hindu Parishad (VHP), are seen as targeting minorities and

Gold has experienced a remarkable rise in 2024, reaching 40 new record highs year-to-date and appreciating by over 28%. According to the World Gold Council (WGC), this surge has made gold the best-performing asset class globally, surpassing US stocks, emerging market stocks, US bonds, and even US currency. In the third quarter of 2024, gold demand exceeded $100 billion for the first time, showcasing its robust market position. Looking ahead to 2025, the direction of the US Federal R