Economic Survey calls for phasing out cross-subsidised rail and power tariffs to cut logistics costs, boost competitiveness

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…

Read More

Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

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…

Read More

Budget 2026: Over 100 press meets, reels & more — BJP rolls out nationwide ‘Outreach Campaign’

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…

Read More

Kolkata godown fire: PM Modi condoles deaths in Anandapur mishap; announces Rs 2 lakh ex-gratia | India News

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…

Read More

From stability to strategic indispensability: What the Economic Survey sets up for Budget Sunday

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…

Read More

Tumbling market sets giants into ‘plunge protection’ mode: Crypto Daybook Americas

: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…

Read More

Twenty AIIMS join hands to create pan-India health research consortium | India News

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…

Read More

BTC-to-gold ratio nears a 2019 style turning point after six red candles

Bitcoin BTC$82,746.90 is on track to end January underperforming gold for the sixth straight month as investors ignore the largest cryptocurrency’s “digital gold” moniker and seek the safety of a metal that’s historically been seen as a haven in times of economic and geopolitical turmoil. The bitcoin-to-gold ratio, the amount of gold equivalent to 1…

Read More

47% for defence, Rs 197 crore expenditure: A look at India’s first Budget in 1947

NEW DELHI: As India prepares for the Union Budget for 2026–27, scheduled to be presented on February 1, it is worth noting that when the country’s budgetary journey began, in a vastly different India, still finding its feet after independence.India’s first Union Budget was presented on November 26, 1947, three months after the country attained…

Read More