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Mumbai, Jul 18 (PTI) Leader of Opposition in the Maharashtra Legislative Council Ambadas Danve on Friday accused the BJP-led Mahayuti government of avoiding debate on the real issues faced by the people during the monsoon session of the legislature. "The public debt has risen from Rs 9.12 lakh crore to over Rs 10 lakh crore. Instead of responding to critical issues raised in the concluding week of the session, the ruling side diverted the debate by raising unrelated topics, clearly avoiding the ...Read More >
Hyderabad, July 18 (UNI) In view of the ongoing heavy rains in Hyderabad, Chief Minister A Revanth Reddy has directed all concerned departments to stay on high alert and ensure swift response to public grievances. The Chief Minister instructed officials from GHMC, HMDA, Water Works, Electricity, and Police departments to work in close coordination to prevent any rain-related disruptions. He also emphasised the need for immediate action in areas facing waterlogging, power outages, or other rain- ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Polytrade, a major real-world asset (RWA) player in the crypto space, has raised over $6 million in a private strategic round. The new funds will fuel the company's mission to build infrastructure for tokenized real estate and enhance its tech offerings for the financial world. The raise was supported by top players in the real estate and fintech ecosystems, aligning capital with ...Read More >
New Delhi: The Premature redemption of Sovereign Gold Bond (SGB) Scheme SGB 2020-21 Series-IV is due today (July 14, 2025), the Reserve Bank of India has said. The Premature redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA). "In terms of GOI notification F. No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series- ...Read More >
New York/Hyderabad, July 6 (Maxim News): In a bold political move, Tesla and SpaceX CEO Elon Musk has announced the formation of a new political party in the United States, named the "America Party." The tech billionaire unveiled the initiative on Saturday through a post on X (formerly Twitter), positioning it as a direct challenge to the traditional two-party dominance in American politics Here To Join Us On WhatsApp "America is being bankrupted by bipartisan waste and corruption. This is not ...Read More >
New Delhi: President Donald Trump signed into law a sweeping tax and spending bill on Friday during a high-profile Independence Day event at the White House, marking a major legislative victory for his administration and a defining moment of his second term. The ceremony, held on the South Lawn and infused with the pageantry of military flyovers and cheering supporters, featured a fiery speech by Trump in which he touted the legislation as a historic achievement. The event took on the tone of a ...Read More >
Lucknow: Three day Mango Festival 2025 kicked off at Awadh Shilp Gram in Lucknow, featuring more than 800 mango varieties from across India. The event celebrates mango diversity, horticultural innovation, and the growing role of Uttar Pradesh in India's fruit export ecosystem. Organized with participation from farmers, exporters, scientists, and food processing units, the festival offers a platform to promote mango-based trade and technology. Mangoes like Dussehri from Lucknow, Langda from Vara ...Read More >
New Delhi, July 3 (UNI) The World Health Organization (WHO) today unveiled its ambitious "3 by 35" initiative, urging nations to raise taxes on tobacco, alcohol, and sugary drinks by at least 50% by 2035. The initiative comes as a direct response to the rising global burden of noncommunicable diseases (NCDs), such as heart disease, cancer, and diabetes, which now account for over 75% of all deaths worldwide. "Health taxes are one of the most efficient tools we have," said Dr Jeremy Farrar, Ass ...Read More >
[BENGALURU] Gold prices edged lower on Wednesday (Jul 2) as investors awaited US payroll data and assessed Federal Reserve chair Jerome Powell's cautious stance on rate cuts, although a weaker US dollar helped limit losses for greenback-priced bullion. Spot gold was down 0.2 per cent at US$3,330.68 per ounce, as at 0217 GMT, while US gold futures fell 0.3 per cent to US$3,340.60. The US dollar index weakened to its lowest point in more than three years, making bullion more affordable for holde ...Read More >
New Delhi: US President Donald Trump claimed that Elon Musk received "more subsidies than any human being in history" and without them, Musk might have to close shop and return to South Africa, as the feud between the duo escalated over the proposed tax and spending bill. Trump's fiery remarks came after Musk renewed his criticism of Trump's 'Big, Beautiful Bill' and threatened to launch a new political outfit if it was passed. "Elon may get more subsidy than any human being in history, by far ...Read More >
MUMBAI: Though elevated economic and trade policy uncertainties are testing the resilience of the global economy and the world's financial system, the domestic economy, especially the financial system, is in good shape and is a major driver of global growth, the Reserve Bank has said in its financial stability report for the first half of the year. "Despite an uncertain and challenging global economic backdrop, our economy remains a key driver of global growth, underpinned by sound macroeconomi ...Read More >
New Delhi [India], June 30 (ANI): Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth -- underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies, RBI said in its latest Financial Stability Report. Elevated economic and trade policy uncertainties are testing the resilience of the global economy and the financial system. Also Read | 'I Stand Firmly With Diljit': Actor Naseeruddin Shah Comes Out in Supp ...Read More >
Mumbai, June 30 (SocialNews.XYZ) Maharashtra Finance Minister and Deputy Chief Minister Ajit Pawar on Monday presented supplementary demands worth Rs 57,509.71 crore for the financial year 2025-26 on the first day of the Monsoon Session of the Legislature. This comes amid reported constraints over the availability of adequate funds due to the ballooning fiscal and revenue deficits and mounting public debt. Of the Rs 57,509.71 crore, the allocation of Rs 19,183.85 crore has been made for commit ...Read More >
Hyderabad: Chief Minister A Revanth Reddy on Thursday warned educational institutions that cases would be booked against them if drugs were found in their premises. The CM announced that the state's Anti-Narcotics Bureau would henceforth be known as Elite Action Group for Drug Law Enforcement (EAGLE) and was tasked with curbing the menace of narcotics in the state. Speaking at an event marking the International Day Against Drug Abuse and Illicit Trafficking 2025 at Shilpakala Vedika here, Redd ...Read More >
Mumbai : Several life insurers have approached the Insurance Regulatory and Development Authority of India (Irdai) seeking approval to invest in gold exchange-traded funds (ETFs), according to people familiar with the matter. The move comes amid increasing gold prices, growing global demand and a need for diversification as traditional asset classes deliver subdued returns. Gold ETFs have delivered returns of more than 30% over the past 12 months. In comparison, liquid debt funds, equity indice ...Read More >
New Delhi [India] June 6 (ANI): As global bond markets experience turbulence amid rising long-dated treasury yields in the United States and Japan, experts say India's long-term government securities (G-secs) are expected to remain resilient, supported by strong domestic fundamentals and accommodative policy by the Reserve Bank of India (RBI). On June 6, 2025, the Reserve Bank of India (RBI) cut the repo rate by 50 basis points. According to the Federal Reserve Bank of St. Louis, the 30-year U ...Read More >
New Delhi [India] June 6 (ANI): As global bond markets experience turbulence amid rising long-dated treasury yields in the United States and Japan, experts say India's long-term government securities (G-secs) are expected to remain resilient, supported by strong domestic fundamentals and accommodative policy by the Reserve Bank of India (RBI). On June 6, 2025, the Reserve Bank of India (RBI) cut the repo rate by 50 basis points. According to the Federal Reserve Bank of St. Louis, the 30-year U ...Read More >
Mumbai: Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy.With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash form with the RBI allowing them to have higher funds for lending."The Reserve B ...Read More >
Mumbai, Jun 6 (PTI) Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock ₹2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash form with the RBI allowing them to have higher funds for lending. " ...Read More >
Mumbai, February 7: In a major move to enhance digital security and combat financial fraud, Reserve Bank of India (RBI) Governor Sanjay Malhotra unveiled an exclusive ".bank.in" internet domain for Indian banks while announcing the Monetary Policy on Friday. The initiative aims to help customers distinguish legitimate banking websites from fraudulent ones. "The Reserve Bank shall implement the bank.in exclusive Internet domain for Indian banks," Malhotra said. The RBI has set April 2025 as the ...Read More >
New Delhi: The Employees' Provident Fund Organisation (EPFO) is planning to introduce a new "self-approval" mechanism for subscribers to withdraw their provident fund (PF) money through an automated process, according to a report by The Financial Express. The proposed system is aimed at simplifying and speeding up the PF withdrawal process, which currently involves multiple checks, approvals, and submission of forms. At present, subscribers must wait for their requests to be verified and appro ...Read More >
Since our last publication, the higher risk-sensitive EUR/CHF cross pair has wobbled as it grappled with the Eurozone's economic weakness and a looming unfavorable external trade environment due to further global supply chain disruptions due to incoming US President-elect Trump's 10% to 20% tariffs threat on other countries' exports to the US, inclusive of the Eurozone. The EUR/CHF inched lower in the week of 18 November (ex-post US Presidential election outcome on 6 November) and retested a ke ...Read More >
India's corporate earnings should pick up in the next two quarters, veteran investor and Managing Director of MK Ventures Madhu Kela said on November 28, adding that he sees the market setup as 'constructive' after signs of 'euphoric moments' in some spaces and companies. In conversation with CNBC-TV18, Madhu Kela said government's capex expenditure was slow due to recent elections as well as the monsoon factor, both of which are out of the way now. The Centre too indicated recently that the ca ...Read More >
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