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Jerome Powell (AP file photo) US Federal Reserve policy: Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday kept interest rates unchanged within the 3.50%-3.75% band. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In considering the extent and timing…
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India’s Financial Intelligence Unit (FIU) has rolled out stringent new Anti-Money Laundering (AML) and Know Your Customer (KYC) norms for cryptocurrency exchanges, making live selfie verification and geographical tracking mandatory during user onboarding, according to guidelines issued on January 8, PTI reported. Under the updated framework, crypto exchanges are classified as Virtual Digital Asset (VDA)…
Oil Above $100, Markets in Red: How the Iran War Triggered a $240 Billion Shock for Indian Investors India’s stock markets have suffered a sharp setback after geopolitical tensions in the Middle East triggered a wave of global financial uncertainty and according to market data compiled from the Bombay Stock Exchange and the National Stock…
RSS backs Centre’s decisions amid Middle East turmoil Amid the ongoing conflict in the Middle East, the Rashtriya Swayamsevak Sangh (RSS) on Sunday called for peace and said the war should end as soon as possible, while also backing the Union government’s response, saying it was acting in the “supreme interest of the nation”.Speaking at…
The National Medical Commission has been silent about 60 medical colleges including 27 private ones admitting that they are not paying any stipend to interns. The issue of MBBS interns not being paid stipend is being heard by the Supreme Court since 2022. The only action taken by NMC, after much prodding by the court,…
Asian stocks inched higher on Tuesday, as Japanese equities rose after investors reacted to the emphatic election result that ushered in the country’s first female prime minister. Hong Kong’s HSI jumped 120 points or 0.45% to reach 27,147. South Korea’s Kospi also traded in green, up 5 points to 5,303 at 9:30 am IST. Nikkei…
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NEW DELHI: The National Democratic Alliance on Monday finalised its seat-sharing arrangement for the upcoming Tamil Nadu Assembly elections, with 27 seats allocated to the BJP, 18 to the PMK and 11 to the AMMK. The AIADMK will contest the remaining 178 seats.The agreement was formalised in Chennai with BJP leader Piyush Goyal and AIADMK…
