The Indian rupee has slipped to a new record low, falling to 94.1575 per US dollar, surpassing its previous all-time low of 93.98 set earlier this week. The continued decline is being attributed to growing concerns over the ongoing conflict in the Middle East, which has placed significant pressure on global markets, including the Indian currency. Since the war broke out late last month, the rupee has weakened by about 3.5%, reflecting the heightened uncertainty in international mark

The central government has retained the 4% retail inflation target for the next five years, from April 1, 2026, to March 31, 2031, with a tolerance band of 2–6%. This decision, made in consultation with the Reserve Bank of India (RBI), continues the inflation-targeting framework that was first introduced in 2016. The move aims to maintain price stability while allowing some flexibility in the target, accommodating short-term volatility. The government’s inflation target, outline

India’s financial sector has been grappling with the persistent issue of mis-selling, especially in the realm of banking and insurance products. In a recent statement, Finance Minister Nirmala Sitharaman addressed the ongoing concern, declaring that banks cannot treat mis-selling as a routine part of their business. She went as far as to say that mis-selling is an "offence," sending a clear message to financial institutions that such practices will not be tolerated. Her remarks came at a pr

The Reserve Bank of India (RBI) will announce its latest monetary policy decision today, February 6, 2026, with markets largely expecting the central bank to keep the repo rate unchanged. This announcement follows a series of rate cuts, with the last one made in December 2025, reducing the repo rate from 5.50% to 5.25%. Experts predict that the RBI will maintain a pause in rate cuts as it assesses the impacts of the previous changes on inflation and growth. RBI Governor Sanjay Malho

India has ushered in a new phase of insurance regulation with Parliament clearing the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, a move that comes at a time when trust between insurers and policyholders is increasingly strained. For millions of Indians, insurance is ultimately judged not by policy documents or premium receipts but by the ease and fairness of claim settlement. Delays, repeated document requests, late-stage exclusions, and opaque rejections have long plag

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

India is preparing for one of its busiest wedding seasons, with nearly 46 lakh weddings expected in 2025 and spending projected at around Rs 6.5 lakh crore. As celebrations grow grander, Indian weddings often resemble Bollywood productions with choreographed sangeets, elaborate décor and multi-day festivities. But with budgets crossing Rs 30–35 lakh for most weddings, and luxury ceremonies easily exceeding Rs 1 crore, families are pouring unprecedented amounts into these events. With such

The Reserve Bank of India has rolled out a new framework aimed at simplifying and expediting the process of claim settlement for deceased account holders. This step comes after years of confusion caused by different practices adopted by banks, often leaving grieving families struggling with lengthy procedures and paperwork. The new rules mandate that banks must settle claims related to accounts and lockers of deceased customers within 15 days. In addition, nom

The Indian government has made its position clear regarding sports engagements with Pakistan, especially in the context of upcoming international events. In a new policy unveiled by the Sports Ministry, the government declared that India will not participate in any bilateral sporting events with Pakistan, even if hosted at neutral venues. The policy, which has been implemented immediately, aims to limit interactions with Pakistan in sports following the strai

Parents, students, and community members gathered outside the Loudoun County Public Schools Administration Building on Monday morning as tensions rose over policies allowing transgender students to use bathrooms and locker rooms that align with their gender identity. The demonstration came as the school board met to address an order from the U.S. Department of Education, which recently declared that several Northern Virginia school districts, including Loudoun, were violating Title IX protect

A newly surfaced immigration enforcement memo reveals that United States Immigration and Customs Enforcement (ICE) can now deport migrants to countries other than their homeland with as little as six hours’ notice. This marks a dramatic shift from the previous standard, where ICE generally provided a minimum 24-hour notice period before conducting deportations to a third country. The policy, outlined in a memo dated July 9 and signed by acting ICE director Todd Lyons, allows for this ex

US President Donald Trump has described recent military strikes on Iranian nuclear sites as an act of "obliteration," even as official assessments continue to question the extent of the actual damage inflicted. The strikes, which targeted three major nuclear facilities in Iran early Sunday morning local time, have triggered a wave of scrutiny over how significantly Tehran’s nuclear program was impacted. Trump, however, insisted the damage was monumental and backed his claims w

A Fremont-based Farmers Insurance franchise owner has raised serious allegations claiming the company has been canceling insurance policies by falsely stating the cancellations were requested by the insured clients. Jeffrey Carvalho, a 37-year veteran in the insurance industry, says this troubling practice has affected hundreds of his clients, especially senior citizens aged 65 and older across the Bay Area. Carvalho is demanding transparency and an end to these questionable cancellations.

President Donald Trump has announced plans to double tariffs on steel imports to 50%, up from the existing 25%, as part of his administration’s effort to reinforce domestic manufacturing and ensure long-term industrial independence. Speaking to American steelworkers during a visit to a steel facility in Pennsylvania, Trump emphasized that his administration remains committed to policies that protect American jobs and prevent foreign dominance in vital sectors. Trump’s

Mumbai's financial sector has witnessed a significant recalibration as a once-popular deposit product—the Japanese yen (JPY)-linked special deposit—loses momentum following regulatory scrutiny and shifting bank strategies. These fancy financial instruments, heavily marketed to attract non-resident Indian (NRI) funds and appease analysts with attractive yield spreads, are now undergoing a correction. The Reserve Bank of India (RBI) has reportedly advised certain banks to ensure

In a recent address from Morristown, New Jersey, U.S. President Donald Trump reaffirmed his administration's commitment to using tariffs as a tool to boost domestic manufacturing, particularly in sectors such as military equipment and advanced technology. Speaking before boarding Air Force One, Trump clarified that his tariff agenda is not intended to revive traditional textile production like sneakers and T-shirts, but rather to prioritize manufacturing of tanks, artificial intelligence

Vinay Prasad, a renowned oncologist-hematologist, has been appointed as the new director of the Center for Biologics Evaluation and Research (CBER) at the US Food and Drug Administration (FDA). This division of the FDA is charged with overseeing the evaluation and approval of critical biologic products, including vaccines, blood derivatives, and select gene-based therapies. Prasad’s appointment comes at a time when the FDA remains under public and political scrutiny for its handling of

A new congressional proposal to reduce Medicaid funding for Washington D.C. is causing concern among officials and health experts, who warn that such cuts would have wide-reaching consequences beyond the program’s low-income beneficiaries. Medicaid is deeply integrated into the region’s health care infrastructure, and any funding reduction could disrupt care for patients across the income spectrum, affecting hospitals, clinics, and community health providers. House Rep

House Republicans have unveiled a legislative proposal that could significantly raise the costs associated with legal immigration in the United States. Central to the plan is a provision that would require individuals applying for asylum to pay a fee of $1,000, a notable shift in policy given that such applications have traditionally been exempt from high costs due to the vulnerable status of asylum seekers. In addition, the proposal includes a $500 fee for work authorization permits, to be rene