Gold has experienced a remarkable rise in 2024, reaching 40 new record highs year-to-date and appreciating by over 28%. According to the World Gold Council (WGC), this surge has made gold the best-performing asset class globally, surpassing US stocks, emerging market stocks, US bonds, and even US currency. In the third quarter of 2024, gold demand exceeded $100 billion for the first time, showcasing its robust market position. Looking ahead to 2025, the direction of the US Federal R

India's inflation rate, based on the Consumer Price Index (CPI), moderated to 5.48% in November, down from 6.21% in October, according to the Ministry of Statistics and Programme Implementation. This easing, however, is still above the Reserve Bank of India's (RBI) target of 4%, with food prices continuing to drive inflationary pressure. The food inflation rate surged by 9.04%, continuing its trend of high costs. Economists had forecast a median inflation estimate of 5.5% fo

Indian Grandmaster D Gukesh is set to make history in the World Chess Championship as he nears a potential victory over China's Ding Liren. The series is tied at 6-6 after 12 intense games, and with a dramatic Game 13 that ended in a draw, Gukesh now has a final chance to clinch the title. This pivotal game, scheduled for Thursday, marks the culmination of years of hard work and determination for the young chess prodigy. Born in Chennai on May 29, 2006, D Gukesh began playing ch

Venkatesh Iyer's Surprising Academic Pursuit Venkatesh Iyer, the talented all-rounder who made headlines with his hefty price tag of Rs 23.75 crore at the IPL 2024 mega auctions, is not just focused on his cricketing career. Despite his high-profile presence in the sport, Iyer is also pursuing a PhD and is on his way to becoming Dr. Venkatesh Iyer. His decision to continue his academic journey after his cricket career shows his commitment to education. Iyer even joked about his aca

Sanjay Malhotra, a 1990-batch IAS officer from Rajasthan, has been appointed as the 26th Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das. The government announced that Malhotra will take charge from Wednesday for a term of three years. With a background in computer science from IIT Kanpur and a Master's in Public Policy from Princeton University, Malhotra has had a distinguished career spanning over three decades in various sectors, including finance, taxation, pow

In November, the median perception of current inflation among households increased to 8.4%, up by 30 basis points from the previous survey round in September, according to the Reserve Bank of India (RBI) Households’ Inflation Expectations Survey. Meanwhile, expectations for inflation over the next three months moderated slightly by 10 basis points, reaching 9.1%. However, households' expectations for inflation a year ahead inched up by 10 basis points to 10.1%. The survey

The Indian rupee ended the trading session stronger after the Reserve Bank of India (RBI) decided to keep the benchmark interest rates unchanged, while unveiling measures aimed at improving liquidity in the banking system. The domestic currency gained 3 paise, closing at 84.70 against the US dollar, compared to 84.73 in the previous session. As part of the monetary policy changes, the RBI raised the interest rate ceiling on one-year Foreign Currency Non-Resident (FCNR) deposits by 200 basis p

Sri Lanka has committed to completing its foreign debt restructuring by the end of December 2023, aiming to address its $46 billion external debt. After defaulting on debt in April 2022, the country has been working on rebuilding its finances with help from an IMF bailout. Deputy Minister Anil Jayantha Fernando confirmed that debt restructuring, which has been delayed for over two years, is critical for the country's economic recovery. The restructuring includes international sovereign bo

The Indian Institute of Management (IIM) Calcutta is expected to release the provisional answer key for the Common Admission Test (CAT) 2024 today. Once available, candidates can visit the official website, iimcat.ac.in, to download the answer key. The objection management window will be open from December 3 at 6 pm to December 5, 2024, at 11:55 pm, allowing candidates to raise any objections. After evaluating the objections, IIM Calcutta will announce the final results, expected by the secon

As of October 2024, the Union government's fiscal deficit for the financial year 2024-25 stands at 46.5% of the total budgetary target, amounting to Rs 7.5 lakh crore. This is in line with the government's fiscal consolidation strategy, which aims to bring down the fiscal deficit to 4.9% of GDP for the year, an improvement from the previous fiscal year's target of 5.6%. The fiscal deficit gap, which represents the difference between government expenditure and revenue, is

Shahid Afridi, the former Pakistan cricket captain, has voiced his support for the Pakistan Cricket Board (PCB) in rejecting the hybrid model proposed for the 2024 Champions Trophy, which is set to be held in Pakistan. Afridi criticized the Board of Control for Cricket in India (BCCI) for mixing politics with sports, pointing out that Pakistan has toured India multiple times despite security concerns, including a white-ball series after the 2008 Mumbai terror attacks. Afridi emphasized that t

The wait for Maharashtra's next Chief Minister is nearing its end as the three key leaders of the ruling alliance—Devendra Fadnavis, Eknath Shinde, and Ajit Pawar—met with Union Home Minister Amit Shah in Delhi. The meeting, which concluded late at night, is expected to be the final step before an official announcement. Sources suggest that the decision is now almost finalized and will only require a sign-off from Prime Minister Narendra Modi. The developments come a

A recent survey by global real estate services firm JLL reveals that Indian organisations require more office attendance compared to the global average. According to the Future of Work Survey 2024 – India Insights, 90% of Indian employers mandate at least three days of office presence per week, which is higher than the global average of 85%. Moreover, over half (54%) of Indian organisations anticipate an increase in the number of office days by 2030, surpassing the global expec

On Thursday, Chief Minister A. Revanth Reddy registered his details for the ongoing social, economic, education, employment, political, and caste survey in Hyderabad. The event was attended by key officials, including Hyderabad Collector Anudeep Durishetty, GHMC Commissioner Ilambarithi, and Chief Minister’s Special Secretary Ajith Reddy. Revanth Reddy inquired about the progress of the survey and the public's response. He emphasized the need for a special drive to ensure

Prithvi Shaw, the former U-19 World Cup-winning captain, recently shared the valuable advice he received from cricket legend Sachin Tendulkar: "Discipline beats talent." Shaw, 25, had a difficult start to the week when he went unsold at the IPL mega auction despite a base price of Rs 75 lakh. Once seen as one of India’s brightest cricketing talents after his century on Test debut, Shaw now finds himself at a critical juncture in his career. His failure to attract int

Rohit Sharma, the Indian cricket team's captain, is set to join the squad in Perth on November 24, according to a report by Cricbuzz. After missing the first Test due to the birth of his second child, Rohit will arrive on Day 3 of the opening Test match at the Optus Stadium. His return will be a crucial boost for India ahead of the second Test in Adelaide, starting on December 6. In his absence, fast bowler Jasprit Bumrah is leading the Indian team during the first Test. India e

India is facing a critical 5-match Test series against Australia, with their hopes of qualifying for the 2024 World Test Championship (WTC) Final on the line. After a tough 0-3 loss to New Zealand, India must now perform exceptionally in this series to secure a third consecutive WTC Final berth. The article outlines the various scenarios under which India can qualify for the final, depending on their performance against Australia and other teams’ results. A 4-0 or 5-0 series w

At the 2024 Zhuhai Airshow, China presented a range of cutting-edge military technology, reaffirming its growing strength in defense and its ambition to be a global leader in military innovation. The biennial event, which attracts industry leaders and military experts from around the world, was a key platform for China to display new advancements in weapons, aircraft, and naval systems. Among the highlights was the J35-A Stealth Fighter, China's second stealth fighter after the

The appointment of BR Naidu as the chairman of the Tirumala Tirupati Devasthanams (TTD) board has ushered in a series of transformative reforms aimed at addressing challenges left behind by the previous YCP government’s board. As the new board takes full effect, the changes introduced by BR Naidu and his team are expected to streamline operations and ensure that the Tirumala shrine continues to uphold its sanctity and efficiency. One of the most significant reforms is the comp

The initial public offering (IPO) of NTPC Green Energy Ltd., one of the largest IPOs of the year, is attracting strong interest due to its promising long-term growth potential. The state-run NTPC Ltd.'s green energy arm is set to raise Rs 10,000 crore through its IPO, which opens for subscription on November 19, with a price band of Rs 102 to Rs 108 per share. Analysts are optimistic about the offering, highlighting NTPC Green Energy's solid financial backing from its parent