Bangladesh's interim government has sent a diplomatic note to India requesting the extradition of deposed prime minister Sheikh Hasina, who has been in exile in India since August 5, 2023. Hasina fled Bangladesh after student-led protests led to the downfall of her 16-year rule. The Dhaka-based International Crimes Tribunal (ICT) has issued arrest warrants for Hasina, accusing her and several former officials of "crimes against humanity and genocide." Foreign Affairs A

The Indian rupee weakened by 10 paise to a record low of 85.12 against the US dollar on Monday, marking a significant decline in its value. The domestic currency opened at 84.85, according to Bloomberg data, and had closed at 85.02 on Friday. This continued depreciation comes amid rising global pressures, including an increase in Brent crude prices, which rose 0.41% to $73.24 per barrel. The rise in crude prices was partly driven by easing concerns about a potential US government shutdown and

Union Finance Minister Nirmala Sitharaman will chair the 55th GST Council meeting in Jaisalmer, Rajasthan, on Saturday, December 21. This meeting will focus on several important discussions related to the Goods and Services Tax (GST) in India. The agenda includes deliberations on taxability issues concerning food delivery platforms such as Swiggy and Zomato, and potential changes to GST rates on products like health insurance premiums, life insurance, wristwatches, shoes, and apparel. The cou

Tata Consumer Products Ltd (TCPL) has officially rejected recent reports claiming that Starbucks is planning to exit the Indian market, calling the rumors "baseless." These reports suggested that the American coffee giant might leave India due to high operating costs, mounting losses, and the growing competition from local, cheaper alternatives. However, TCPL, which operates Starbucks in India

India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos

The Institute of Chartered Accountants of India (ICAI) is expected to release the results for the CA Final exam by the end of December. An official from ICAI, Dhiraj Khandelwal, announced on X (formerly Twitter) that the likely release date for the results is December 26, 2024, with the results expected to be available by the evening. Once released, candidates who appeared for the exam can check their results on the official ICAI website by logging in with their credentials. The CA

Samsung is set to unveil its much-awaited Galaxy S25 series, which includes the Galaxy S25, S25+, and S25 Ultra, at its 'Unpacked' event on January 22, 2025. Leaks suggest that these phones will feature Qi2 wireless charging using extended power profile (EPP) technology, enabling faster 25W charging. Unlike previous models that used 'MagSafe' technology with magnets, the S25 series will adopt a more efficient charging method without the magnet-based attachment system.

The Board of Control for Cricket in India (BCCI) has called an urgent meeting of its Apex Council to appoint former Chief Election Commissioner Achal Kumar Jyoti as the electoral officer for upcoming elections to fill the positions of secretary and treasurer. These posts were vacated by Jay Shah and Ashish Shelar, who assumed new roles in December. According to the BCCI constitution, the Board must call a Special General Meeting and appoint an electoral officer at least four weeks before the

Bangladesh's interim government has accused Adani Power of breaching a multi-billion-dollar agreement related to the supply of electricity from its coal-fired plant in India. The dispute centers on Adani Power withholding tax benefits that the power plant was entitled to under the agreement. The Indian company signed a deal with Bangladesh in 2017 to supply power from the Godda plant, but Dhaka claims that Adani Power failed to pass on the tax exemptions it received from the Indian govern

The Bharat Mobility Global Expo, scheduled for January 17-22, 2025, is poised to become the world's largest event in the automotive sector, with over 1,500 exhibitors and an expanded exhibition space of 200,000 square meters. This second edition of the expo will bring together leading global vehicle manufacturers, showcasing electric, hybrid, and fuel-efficient vehicles, as well as advanced automotive technologies. The event will include the unveiling of new models and electric vehicles f

The National Medical Commission (NMC) has officially released the NEET UG 2025 syllabus, providing students with the essential framework for their preparations for the upcoming medical entrance examination. NEET (National Eligibility cum Entrance Test) UG 2025 is the gateway for admission into undergraduate medical courses across India, including MBBS programs at prestigious institutions such as AIIMS and JIPMER. The syllabus, which covers three major subjects&mdash

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

China, the world's second-largest economy, is working to recover from the effects of its three years of pandemic isolation. In a bid to attract more international visitors and boost its economy, China recently announced an expansion of its visa-free transit policy. The new policy, which is effective immediately, allows travelers from 54 countries, including the US, Canada, and several European and Asian nations, to stay in parts of China for up to 10 days. Previously, the visa-f

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

On Friday, at least six schools in Delhi, including Delhi Public School in East of Kailash, Salwan School, Modern School, and Cambridge School, received bomb threats via email. This marks the second such incident this week, following a similar scare on December 9 when over 40 schools in the city received similar threats. The emails claimed that explosives had been planted within the school premises, warning of potential bomb blasts on December 13 and 14, particularly targeting schools with sc

On Thursday, the Indian Rupee weakened to a record low of 84.88 against the US Dollar, following a series of declines this week. The rupee had opened flat at 84.85 for the second consecutive day, and this followed a similar trend on Wednesday when it closed at 84.84 after opening at 84.85. Earlier in the week, the rupee had weakened by 12 paise on Tuesday to close at 84.85, marking a new low. The domestic currency dipped to 84.73 on Monday, continuing its downward trajectory. Expert

A heartbreaking incident has come to light involving Bengaluru techie Atul Subhash, who recently took his own life after allegedly being extorted by his estranged wife and her family. His family has filed a police complaint accusing his wife, her family members, and a judge of abetment of suicide. Atul, in a recorded 80-minute video and a 24-page suicide note, accused his wife, Nikita Singhania, and her family of extorting crores of rupees from him, beyond his financial capacity. He

Disease X is a term coined by the World Health Organization (WHO) to refer to a hypothetical, yet-to-be-identified pathogen with the potential to cause a global pandemic. While no cases of Disease X have been identified, the possibility of such an outbreak raises significant concerns worldwide, especially in densely populated countries like India. With the rapid spread of diseases in today’s interconnected world, Disease X could pose a serious threat if preventive measures aren’t

India's foreign exchange reserves saw an increase to $658.1 billion for the week ending November 29, according to the Reserve Bank of India (RBI). This rise followed an eight-week decline, with a $1.5 billion increase from the previous week. In comparison, the reserves had dropped by $1.31 billion in the prior week, reaching $656.58 billion. Foreign investors have invested Rs 1.75 lakh crore into India's debt and equity markets in 2024. However, the month of November witness

In November, the median perception of current inflation among households increased to 8.4%, up by 30 basis points from the previous survey round in September, according to the Reserve Bank of India (RBI) Households’ Inflation Expectations Survey. Meanwhile, expectations for inflation over the next three months moderated slightly by 10 basis points, reaching 9.1%. However, households' expectations for inflation a year ahead inched up by 10 basis points to 10.1%. The survey