Articles for author: Market News

Market News

India slashes rice export duties to boost shipments, as bumper harvests promise lower prices and renewed access to global markets.

India slashes rice export duties to boost shipments, as bumper harvests promise lower prices and renewed access to global markets.

India has reduced the export duty on parboiled rice from 20% to 10% due to rising inventories and an upcoming harvest. This change will make Indian rice more competitive globally, potentially driving prices down in countries like Thailand and Vietnam. The export duty for brown rice and husked rice has also been cut to 10%, ...

Market News

Yogi’s Bold Claims: Is Pakistan’s Terrorism Support Leading to Its Fragmentation or Just Election Hyperbole?

During a rally in Jammu, Uttar Pradesh Chief Minister Yogi Adityanath issued a strong warning to terrorists supported by Pakistan, stating that any attempts to incite violence would be met with severe consequences. He emphasized India’s zero-tolerance policy towards terrorism and claimed that under the current government, the region has seen peace and development since ...

Market News

In a dramatic turn of events, Delhi’s Arvind Kejriwal was arrested for alleged money laundering, igniting fierce protests prior to Lok Sabha polls.

In a dramatic turn of events, Delhi’s Arvind Kejriwal was arrested for alleged money laundering, igniting fierce protests prior to Lok Sabha polls.

In March 2024, Arvind Kejriwal, the then Chief Minister of Delhi, was arrested on allegations of money laundering linked to corruption in liquor license awards. This marked a significant political event, as Kejriwal became the first sitting chief minister in India to be taken into custody. The arrest came just ahead of the Lok Sabha ...

Market News

Father of Badlapur Assault Accused Seeks Police Protection: A Disturbing Twist in a Political Conspiracy Drama

The father of Akshay Shinde, accused in the Badlapur sexual assault case, has reached out to Union Home Minister Amit Shah and Maharashtra Deputy Chief Minister Devendra Fadnavis, seeking police protection for his family. This request follows threats they have reportedly received after Shinde’s death, which he claims was a politically motivated murder. Akshay, aged ...

Market News

India’s foreign exchange reserves soar to a historic 2 billion, marking a fifth consecutive weekly record, nearing 0 billion.

India’s foreign exchange reserves soar to a historic $692 billion, marking a fifth consecutive weekly record, nearing $700 billion.

India’s foreign exchange reserves have reached a new record high of $692 billion, marking an increase of $2.8 billion for the week ending September 20, as reported by the Reserve Bank of India (RBI). This milestone represents the fifth consecutive week of growth, edging closer to the $700 billion goal. The boost in reserves was ...

Market News

Stalin’s Bold Memo to Modi: Can Tamil Nadu’s Forgotten Rights finally Resurface Amidst Metro Delays and Fishing Strife?

On September 27, 2024, Tamil Nadu Chief Minister M.K. Stalin met with Prime Minister Narendra Modi in New Delhi to present a memorandum with three key demands. These included the 50:50 equity sharing for the Chennai Metro Rail Phase-II project, the release of funds for the Samagra Shiksha initiative, and the protection of Indian fishermen’s ...

Market News

Intense rainfall devastates Bihar, triggering flash flood alerts as over 13 lakh residents face evacuation from inundated regions.

Intense rainfall devastates Bihar, triggering flash flood alerts as over 13 lakh residents face evacuation from inundated regions.

Heavy rainfall is expected in several districts of Bihar, as the India Meteorological Department has issued a warning for low to moderate flash flood risks in 13 areas. The affected districts, including West Champaran, Muzaffarpur, and Patna, are on high alert as the Disaster Management Department urges local administrations to adopt preventive measures. Meanwhile, around ...

Market News

Supreme Court Bails Controversy: Religious Conversions Now Just a ‘Minor’ Detail in India’s Majoritarian Drama?

The Supreme Court has removed a controversial remark made by the Allahabad High Court about religious conversions and granted bail to Kailash, who was accused of unlawful conversions. The High Court had previously stated that such conversions could make the majority population a minority, but the Supreme Court found this remark irrelevant to the case. ...

Market News

China’s bold economic stimulus attempts meet skepticism as officials grapple with deflation and a struggling property sector. Immediate action is crucial.

China’s bold economic stimulus attempts meet skepticism as officials grapple with deflation and a struggling property sector. Immediate action is crucial.

China’s recent economic measures, aimed at strengthening the Market, have sparked optimism among investors. The government’s “blitz” stimulation package includes an interest rate cut and financial aid for the impoverished, reflecting an assertive response to current challenges like post-pandemic recovery and a struggling property sector. However, reliance on military metaphors such as “bazooka” can be ...

Market News

MK Stalin Presses PM Modi for Metro Funds: A Call for Collaboration or Just Another Political Handshake?

Tamil Nadu Chief Minister MK Stalin recently met Prime Minister Narendra Modi to address crucial pending issues, particularly the funding for the Chennai Metro Phase-II project. CM Stalin highlighted the urgent need for the release of funds, as the state has already invested Rs 18,544 crore, but financial delays have stalled progress. He emphasized that ...

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