Capital One has confirmed that it is experiencing a technical issue affecting a range of its customer-facing services. The problem has led to widespread reports from customers who are unable to access deposits, view account balances, or make transactions.   Nature of the Issue According to a statement from Capital One, the outag

  Trump equates trade deficits with financial losses, a perspective economists generally refute. A trade deficit simply means the country imports more than it exports, not that it's losing money. For example, the U.S. had a $67.9 billion trade deficit with Canada in 2023, far less than Trump's claim of "$200 billion." Economist Gary Clyde Hufbauer's analogy highlights this

As of May 2024, the Indian diaspora remains the largest globally, with 35.4 million Non-Resident Indians (NRIs) and People of Indian Origin (PIOs) living abroad, primarily in the UAE and the US. However, changes to tax residency rules introduced by the Finance Act, 2020, have been met with criticism from experts and industry groups, including the Bombay Chamber of Commerce and Industry (BCCI), who argue that the amendments add complexity without yielding significa

K. T. Rama Rao (KTR), the former IT Minister of Telangana, has been at the center of an ACB investigation regarding allegations in the Formula E car race project. During a lengthy questioning session, KTR was asked over 80 questions about his involvement in the allocation of funds to private companies without seeking the necessary approvals from the Telangana Cabinet or the Reserve Bank of India (RBI). While KTR admitted to approving the funds, he justified his actions as a quick decision, ca

 Decoding GDP: Understanding the World's Most Powerful Economic Indicator Gross Domestic Product (GDP) is a widely used indicator of a country's economic performance. It represents the total value of goods and services produced within a country's borders over a specific period, usually a year. In this article, we will delve into the concept of GDP, its calculat

Andhra Pradesh Chief Minister N Chandrababu Naidu clarified that no action would be taken against Adani Green Energy Limited (AGEL) concerning allegations of bribery until concrete proof is provided. Speaking at the Telugu Desam Party (TDP) headquarters in Mangalagiri, Naidu emphasized the need for more evidence, especially as the case is still under investigation in the United States. He noted that the state government cannot act based on mere allegations and will await the outcome of the le

Non-Resident Indian (NRI) deposits have seen a significant surge, with inflows reaching $12 billion in April-October FY25, almost double the amount deposited during the same period last year ¹. This growth is attributed to the three main NRI deposit schemes: Foreign Currency Non-Resident (FCNR) deposits, Non-Resident External (NRE) deposits, and Non-Resident Ordinary (NRO) deposits.  

Former Indian Prime Minister Manmohan Singh passed away on Thursday at the age of 92. Singh was admitted to the All India Institute of Medical Sciences (AIIMS) in New Delhi after his health deteriorated, and despite efforts to revive him, he was declared dead at 9:51 p.m.   Singh served as India's 14th Prime Minister from 2004 to 2014 and was a renowned economist who played a pivotal role i

In a globalized world, transferring money internationally has become a necessity, whether you’re supporting family, paying for services, or managing student expenses abroad. Let’s explore the most affordable and reliable methods to send money internationally. Cost-Effective Ways to Send Money Abroad 1. Peer-to-Peer Payment Platforms Peer-to-peer (P2P) platforms like PayPal, Venmo, and Wise connect senders and receivers

India’s startup ecosystem has become a powerhouse of innovation, shaping industries and driving transformative change across various sectors. With entrepreneurship deeply rooted in India’s economy and culture, the tech industry alone is expected to grow by 3.8% in FY24, surpassing $250 billion, according to NASSCOM. From Artificial Intelligence to quick commerce, startups are not just capturing investors’ interest but also laying the groundwork for groundbreaking a

6 Financially Smart Ways to Start 2025 As 2025 approaches, it's the perfect time to reassess your financial situation and make adjustments to help you achieve your goals. A little planning now can set the stage for a successful year. Here are six detailed steps to guide you: Revisit Your Budget: Start by thoroughly reviewing your current budget. Take stock of your income sources and all expenses, including fixed c

SEBI Bars YouTuber Ravindra Balu Bharti and Associates from Securities Market Until 2025 The Securities and Exchange Board of India (SEBI) has barred YouTuber Ravindra Balu Bharti and his company, Ravindra Bharti Education Institute Pvt Ltd, from accessing the securities market until 4 April 2025. SEBI has also ordered them to disgorge ₹9.50 crore, along with 6% simple annual interest, for unlawful gains earn

In a swift move following Chrystia Freeland’s resignation as Canada’s Finance Minister, Prime Minister Justin Trudeau appointed long-time ally Dominic LeBlanc to the pivotal role. The 57-year-old LeBlanc, who previously served as Public Safety Minister, now faces the daunting task of managing Canada’s finances amidst a growing Can$62 billion deficit—far exceeding initial projections. The Canadian economy is also grappling with various challenges, including the looming

The recent discontinuation of the Canadian Student Direct Stream (SDS) program as of November 8, 2024, has left many Indian students reassessing their plans to study in Canada. The SDS program previously allowed students to speed up the student visa process if they met specific English proficiency test (EPT) requirements like IELTS or PTE. However, with the end of SDS, students now have the opportunity to explore a broader range of EPTs accepted by Canadian institutions. One of the

Giorgia Meloni, Italy’s Prime Minister, is known for insisting on using the masculine form of her title - Il Presidente del Consiglio - a bold statement of her assertive leadership style. She gained attention after President Vincenzo De Luca of Campania region insulted her, only for Meloni to turn up to his region and confront him with humor, calling herself "that b****, Meloni." This interaction reflects her fearless attitude and determination to stand her ground. R

US President-elect Donald Trump, known for his bold and often humorous remarks, joked about making Canada the "51st state" during a recent social media post. In the post on Truth Social, Trump referred to Canadian Prime Minister Justin Trudeau as "Governor of the Great State of Canada." This came a week after a dinner between Trump and Trudeau at Trump's Mar-a-Lago estate in Florida. During the dinner, Trump raised the possibility of imposing a 25% tariff on

In a lighthearted yet controversial remark, U.S. President-elect Donald Trump reportedly suggested that Canada should become the 51st state of the United States. This came during a meeting with Canadian Prime Minister Justin Trudeau at the Mar-a-Lago resort in Florida on November 29. The meeting followed Trump’s decision to impose a 25% tariff on all imports from Canada. During the discussion, Trudeau expressed concerns about the economic impact of the tariffs on Canada. In re

During a meeting at Donald Trump’s Mar-a-Lago estate in Florida, President-elect Trump reportedly joked with Canadian Prime Minister Justin Trudeau about making Canada the 51st state of the United States. The two leaders were discussing serious issues, including trade imbalances and border security, which had become a focal point for the incoming administration. Trump had previously threatened to impose a 25% tariff on Canadian goods if Canada did not address issues like illegal immigra

RBL Bank and Bajaj Finance Ltd. have mutually decided to stop issuing new co-branded credit cards following discussions that have taken place over the past month. While the change will not affect RBL Bank’s overall credit card business, it marks the end of a significant partnership that previously accounted for a large portion of RBL Bank’s card issuances. As of September 2023, Bajaj Finserv co-branded cards represented 41% of RBL Bank’s total credit card issuances.

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re