Miran Says Interest Rates Should Fall to 2.5 Percent
Stephen Miran, who joined the central bank last week, said he believed rates should be around 2.5 percent, or about two percentage points lower than they now are. Source link
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Urban boost in Assam: India, ADB seal $125m loan pact; project to benefit 3.6 lakh residents with better services
India and the Asian Development Bank (ADB) on Monday signed a $125 million loan agreement to upgrade urban services and strengthen climate resilience across six districts of Assam, the finance ministry said.The project will directly benefit around 360,000 residents by ensuring continuous metered water supply and upgrading storm water management systems. It will also introduce…
‘The View’ Hosts Criticize Trump Administration Over Kimmel
The chairman of the Federal Communications Commission has suggested that the daytime talk show should also come under government scrutiny. Source link
Indian IT firms invested $1billion in US talent training: Nasscom
BENGALURU: Even amid protectionist rhetoric from successive US administrations, the Indian IT industry has invested over $1 billion in local upskilling and hiring, driving a sharp rise in local recruitment. Over the years, Indian and India-centric firms in the US have steadily reduced their dependence on H-1B visas while expanding their domestic workforce. According to…
U.S. Pledges Support for Argentina’s Economy and Javier Milei
Treasury Secretary Scott Bessent said “all options” are under consideration to help President Javier Milei. Source link
Russia is doing bad things & must be stopped. Trade will feel the pressure from that: JP Morgan CEO Jamie Dimon
MUMBAI: He’s been called America’s most powerful banker, a man whose words are taken seriously by markets and policymakers around the world. Jamie Dimon is more than just chairman and CEO of JP Morgan, US’s largest bank, he’s become synonymous with it as it draws closer to becoming the first in the industry with a…
Supreme Court Allows Trump to Fire F.T.C. Commissioner
The justices said they will consider whether to overrule a landmark Supreme Court precedent that has limited the president’s ability to fire top officials at the agency. Source link
GST rejig: Auto dealers mull options to deal with cess removal
NEW DELHI: Car dealers are looking at options to set off the impact of withdrawal of GST compensation cess on their bottomlines, with some of them contemplating legal challenge to the move.While restructuring GST, the GST Council decided to increase the rate from 28% to 40% but withdrew the cess on cars that ranged from…
Ron DiMenna, Ron Jon Surf Shop Founder, Dies at 88
As the founder of a national chain, he was a key figure in surfing’s expansion into mainstream culture, with a life said to be “the stuff of folklore.” Source link
US visa curbs, weak demand lead to decline in IT stocks
BENGALURU: Some Indian IT stocks took a hit on BSE after US President Donald Trump‘s latest proclamation on the H-1B visa, deepening concerns in an already fragile demand environment. TCS and Tech Mahindra led the losses among the top five IT firms, each falling more than 3%. HCLTech saw the least decline at 1.8%. Among…