The government announced partial restoration of wheat allocation under the Pradhan Mantri Gareeb Kalyan Ann Yojana, increasing supply to 220 lakh tonnes annually. Beneficiaries in states like Uttar Pradesh and Gujarat will benefit. Additionally, a Rs 1,000 crore credit guarantee scheme for banks has been approved to support farmers and traders with loans against...
Read MoreThe government has approved the continuation of PM-Aasha and a subsidy on phosphatic and potassic fertilisers for the upcoming rabi season of 2024-25, with an outlay of nearly Rs 60,000 crore. This move aims to ensure minimum support prices for farmers and provide affordable crop nutrients.
Read MoreCongress has filed a complaint with Delhi Police over recent statements by NDA leaders targeting Rahul Gandhi. The party claims these remarks, including assassination threats and derogatory comments, are intended to jeopardize his safety and disturb public peace ahead of the J&K and Haryana elections. They demand an FIR against the individuals involved.
Read MoreThe US Federal Reserve’s decision to cut rates by 50 basis points is unlikely to prompt an immediate reaction from RBI. This move could help stabilize the rupee and lower borrowing costs. Experts have mixed opinions on its impact, with some seeing benefits for NBFCs while others remain cautious about broader economic effects.
Read MoreTupperware’s Indian operations remain stable despite the US-based parent company’s Chapter 11 bankruptcy filing. Local manufacturing supports this stability, and recent festive season sales have surged. The company aims to evolve into a digital-first, technology-led enterprise while continuing to provide innovative products through consultants, retail partners, and online platforms.
Read MoreThe US Federal Reserve has lowered its benchmark interest rate by half a percentage point to bolster the labour market. The new rate range is now 4.75% to 5%. Further cuts are expected in 2024 and 2025 as policymakers balance inflation and employment goals amid rising economic uncertainties.
Read MoreThe United States reaffirms its long-standing opposition to supporting Pakistan’s ballistic missile program, emphasizing continued enforcement of sanctions for national security. Recent US sanctions targeted a Chinese research institute and companies for allegedly supplying missile-related items to Pakistan. In response, Pakistan criticized the actions as biased and politically motivated.
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