The latest round of tariff hikes by US President Donald Trump has triggered immediate countermeasures from Canada, China, and Mexico, escalating tensions in global trade. Beginning Tuesday, the US is imposing a 25% tariff on imports from Mexico and Canada while also raising tariffs on all Chinese imports from 10% to 20%. In response, these nations have announced their own economic retaliations, signaling a sharp rise in trade disputes.Canadian Prime Minister Justin Trudeau and Chinese officia

Canada has tightened its immigration and visa policies, affecting thousands of Indian students, workers, and temporary residents. Since the new Immigration and Refugee Protection Regulations came into effect on January 31, 2025, reports indicate a rise in study permit revocations, visa scrutiny, and stricter departure enforcement.The Immigration, Refugees, and Citizenship Canada (IRCC) has projected that 7,000 study permits could be revoked this year, impacting more than 4.27 lakh Indian stud

Washington, DC: US President Donald Trump has reaffirmed his decision to impose 25% tariffs on imports from Mexico, Canada, and the European Union, tying them to border security concerns and trade imbalances. The tariffs, initially set for March 4, are now expected to take effect on April 2, giving businesses and trade partners a brief window to prepare.   Trump Links Tariffs to Fentanyl Crisis and Border Security During his first Cabinet mee

The Union Budget 2025 has brought a major tax relief for the middle class, with Finance Minister Nirmala Sitharaman announcing that individuals earning up to ₹12 lakh annually will have zero tax liability under the new tax regime. Additionally, salaried individuals can claim a standard deduction of ₹75,000, effectively making income up to ₹12.75 lakh tax-free. This move is aimed at simplifying tax compliance and increasing disposable income for millions of taxpayers.  

The Internal Revenue Service (IRS) is facing an unexpected challenge as reports indicate that thousands of probationary workers will be laid off in the middle of the 2025 tax season. This decision comes at a crucial time when the agency is preparing to handle millions of tax returns and provide assistance to taxpayers across the country. The timing of these layoffs has raised concerns among financial experts, policymakers, and the public, as it may impact the agen

Prime Minister Narendra Modi arrived at Joint Base Andrews airbase in Maryland, United States, on Wednesday (local time) for a two-day visit at the invitation of President Donald Trump. This visit comes at a crucial time in international affairs, as both nations are looking to strengthen ties and address shared challenges on the global stage. The arrival at a key military and administrative facility underscores the significance of the trip, symbolizing not only a routine diplomatic vis

Elon Musk Defends Cost-Cutting Reforms in Oval Office Meeting with Trump Elon Musk has defended his aggressive cost-cutting measures, presenting them as a rational and necessary strategy to curb excessive government spending. Appearing alongside President Trump in the Oval Office on Tuesday, Musk outlined his vision for streamlining federal operations through the proposed Department of Government

US-India Trade Relations: Key Insights in 4 Charts As global trade policies evolve, the economic partnership between the United States and India is under the spotlight. With Prime Minister Narendra Modi visiting Washington this week, discussions are expected to focus on trade policies, tariffs, and strategic economic cooperation. Here’s a closer look at the current state of US-India trade.

The Andhra Pradesh Excise Department recently implemented a marginal increase in the prices of certain liquor products, prompting immediate reactions from political leaders. YSR Congress Party (YCP) leaders accused the AP government of committing a major mistake by raising liquor prices. However, Excise Minister Kollu Ravindra swiftly countered these claims.   Minister Ravindra clarified that the price hike only affects hard liquor, and even then, it is a modest ₹10 in

Pawan Kalyan, the Deputy Chief Minister, has officially started his Sanatana Dharma tour following his recovery from high fever and spondylitis. After a brief medical absence, Kalyan departed from Begumpet airport this morning and landed at Kochi airport a short while ago.The tour, which will last for four days, marks his return to full health and is dedicated to visiting prominent temples across Kerala and Tamil Nadu. Today, he will be visiting the Agastya Maharshi Temple in Kochi, which wil

Trump Announces 25% Tariffs on Foreign Steel and Aluminum, Eliminating Exemptions Former President Donald Trump announced on Monday that the United States will impose a 25% tariff on foreign steel and aluminum imports, marking a significant escalation in his efforts to bolster the U.S. economy through import taxes. The newly modified duties will be implem

A recent revelation that Elon Musk’s Department of Government Efficiency (DOGE) was granted access to sensitive U.S. Treasury payment systems has sparked security concerns, legal battles, and political debates. Critics fear the move could expose taxpayer data and disrupt critical federal funding.   Legal Battle Over Treasury Access

Chief Minister N. Chandrababu Naidu introduced a performance ranking system for his Cabinet colleagues, evaluating their efficiency in clearing files from June 12 to December 2024. The ranking aimed to ensure prompt decision-making and greater accountability within the government.In this ranking, Farooq, the Minister for Minorities, emerged as the top performer, highlighting his efficiency in clearing files. The ranking system also shed light on areas where ministers could improve, with Vasam

Budget 2025: Key Tax Changes for NRIs and Foreign Investors Finance Minister Nirmala Sitharaman's Budget 2025 proposed several important tax reforms that directly affect Non-Resident Indians (NRIs) and foreign investors. These updates aim to simplify taxation, promote NRI investments, and align the tax regime with global standards. Below is a breakdown of the major changes: Presumptive Taxation Regime for Foreign

Trump's 25% Tariffs on Canada and Mexico: A Trade War in the Making? In a bold move set to take effect on February 1, U.S. President Donald Trump has announced a 25% tariff on imports from Canada and Mexico. Citing concerns over illegal immigration, fentanyl trafficking, and trade imbalances, the administration is taking an aggressive stance on border economics. However, one major question re

In a surprising legal resolution, Meta has reportedly agreed to pay $25 million to settle a lawsuit filed by former U.S. President Donald Trump over his social media bans following the January 6, 2021, Capitol attack.   According to reports, $22 million from the settlement will fund the non-profit organization managing Trump’s future presidential library, while the remaining amount will c

Karnataka’s Home Minister G Parameshwara has confirmed that a meeting will be held on Wednesday to finalize the draft ordinance designed to protect borrowers from microfinance companies operating in the state. Once the draft is ready, it will be presented to the cabinet on Thursday and sent for approval to Governor Thaawarchand Gehlot. The ordinance aims to curb the menace caused by microfinance companies, which have been allegedly using aggressive and unethical methods to rec

Senate Confirms Scott Bessent as Treasury Secretary The Senate has confirmed Scott Bessent as the new Treasury Secretary in a 68-29 vote on Monday, elevating the hedge fund manager to lead the administration’s financial policies as President Donald Trump advances his ambitious economic agenda.   At 62, Bessent steps into t

The Impact of Potential U.S. Tariffs on Canadian Goods: Economic and Political Repercussions The article explores the potential economic and political effects of tariffs threatened by former U.S. President Donald Trump on Canadian goods and the retaliatory measures proposed by outgoing Canadian Prime Minister Justin Trudeau. Here’s a comprehensive look at the key issues:

Billionaire Wealth Skyrockets in 2024 Amid Rising Inequality Global billionaire wealth surged from $13 trillion to $15 trillion in 2024, marking the second-largest annual increase since Oxfam began tracking wealth data, the charity revealed in its annual inequality report on Monday. Meanwhile, the number of people living in poverty has seen little improve