How a Government Shutdown Could Affect the Economy
Investors have shaken off threats of damage from shutdowns before. But federal layoffs, pauses in economic data and more could make this time different. Source link
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Wheat MSP hike: Cabinet approves Rs 160 increase; fixes price at Rs 2,585 per quintal
The Union Cabinet on Wednesday approved a 6.59 per cent increase in the minimum support price (MSP) for wheat, raising it by Rs 160 per quintal to Rs 2,585 for the 2026-27 marketing year. The decision was taken in a meeting chaired by Prime Minister Narendra Modi.Last year, wheat MSP was fixed at Rs 2,425…
Shutdown Puts a Divided Fed in a Perilous Position
Some policymakers at the central bank are in a rush to lower interest rates after the Federal Reserve’s first cut this year, while others are urging caution. Source link
GST revenues rise 9.1% in September: Collections hit Rs 1.89 lakh crore; outpace August surge
India’s goods and services tax (GST) revenues rose 9.1% year-on-year to Rs 1.89 lakh crore in September, Reuters reported citing government data.In August, Gross GST collections had stood at Rs 1.86 lakh crore, reflecting a 6.5% rise from Rs 1.75 lakh crore in the same month last year. Net collections for August were Rs 1.67…
How a Government Shutdown Will Affect Social Security
Retirement, survivor and disability payments will continue, but some services may be temporarily unavailable. Source link
Hurun Rich List 2025: Mukesh Ambani reclaims spot as India’s richest with Rs 9.55 lakh crore wealth; beats Gautam Adani
India’s richest people: Mukesh Ambani and Gautam Adani Mukesh Ambani and his family have beaten Gautam Adani to become India’s richest, according to the latest M3M Hurun India Rich List 2025. With a wealth of Rs 9.55 lakh crore, Ambani has reclaimed the top spot, while Adani family stands second with a wealth of Rs…
Morgan Stanley Scores an Easier ‘Stress Test’ From the Fed
The investment bank had appealed more stringent oversight in dreaded annual exams, and the Federal Reserve agreed. Source link
October 2025 bank holidays: Banks to be closed on several days this festive season! Check state-wise holiday list
October 2025 bank holidays October 2025 bank holidays: Banks across the country will be closed for several days in October with the festive season beginning at the end of September. These holidays will be apart from the Sunday and second and fourth Saturday closures. Banks operate on first, third and fifth Saturdays, except when specified…
White House Withdraws Nomination of E.J. Antoni, Trump’s Pick to Lead BLS
E.J. Antoni, a conservative economist, had faced bipartisan criticism as President Trump’s nominee to lead the Bureau of Labor Statistics. Source link
Stock market holiday: Will NSE, BSE remain closed on October 2? Check full list of October holidays
Stock markets closed on October 2: Indian stock markets, including the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), will remain closed on Wednesday, October 2, in observance of Gandhi Jayanti and Dussehra.No trading will take place across equity, derivatives, or securities lending and borrowing (SLB) segments on this day. However, trading in currency…