Congress MP Gaurav Gogoi, who represents Assam’s Jorhat constituency, on Friday sharply criticised chief minister Himanta Biswa Sarma over his “Miya Muslims” remarks, accusing him of “misusing” the name of the Supreme Court to justify his statements and calling his claims a “blatant lie.”In a post on X, Gogoi described Sarma’s politics as driven by…
Financial markets took President Donald Trump’s pick of Kevin Warsh as the next Federal Reserve chair largely in stride, a sign investors see the former Fed governor as a credible steward of monetary policy despite expectations he may push for lower rates. Treasury yields were little changed on Friday immediately following the announcement, a sign…
NEW DELHI: High railway freight rates arising from cross-subsidisation are distorting competition with road transport, pushing up commodity prices, consumer inflation, and overall logistics costs, the Economic Survey 2025–26 highlighted.Reiterating the proposal in the Electricity Amendment Bill, 2026, the survey recommended the complete elimination of cross-subsidies for railways and the manufacturing sector within the next…
President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led…
The BJP launched a nationwide campaign to explain the Union Budget 2026 to the public, with press conferences reportedly planned at 150 locations featuring ministers and party leaders from February 1-15. The party will combine traditional outreach with digital campaigns.A special team led by National General Secretary Tarun Chugh will oversee the ‘Budget Outreach Campaign…
NEW DELHI: Prime Minister Narendra Modi on Friday condoled the loss of lives in the devastating fire at two godowns in Kolkata’s Anandapur area and announced ex-gratia assistance for the victims from the Prime Minister’s National Relief Fund.In a statement, the PMO said, “The recent fire mishap in Anandapur, West Bengal is very tragic and…
The Economic Survey 2025-26 arrives with an unusual degree of calm. Inflation, it says, is likely to remain muted in the medium term. Growth prospects remain healthy, though revised. Banks are stable, balance sheets are stronger, and domestic demand continues to hold up even as the global economy grows more uncertain.That calm matters. It changes…
:Crypto Daybook Americas By Omkar Godbole (All times ET unless indicated otherwise) The crypto market’s beating on Thursday spurred industry heavyweights into “plunge protection” mode, a term for coordinated moves to steady a sinking ship. As bitcoin neared $81,000, the lowest since November, and analysts warned of a deeper drop, Binance sprang into action. The…
NEW DELHI: In a significant push to strengthen India’s biomedical and clinical research ecosystem, directors of 20 All India Institute of Medical Sciences (AIIMS) institutions on Thursday signed a Memorandum of Understanding to set up a Pan-India collaborative research consortium.The agreement was signed during the meeting of AIIMS Directors convened at AIIMS, New Delhi, marking…
As finance minister Nirmala Sitharaman prepares to present the Union Budget for FY 2026-27 on February 1, the exercise also draws attention to how India’s most important economic document has evolved – from a colonial-era English text to a more accessible public instrument. Colonial origins of the Budget India’s first Union Budget was presented on…