The Indian rupee weakened by 10 paise to a record low of 85.12 against the US dollar on Monday, marking a significant decline in its value. The domestic currency opened at 84.85, according to Bloomberg data, and had closed at 85.02 on Friday. This continued depreciation comes amid rising global pressures, including an increase in Brent crude prices, which rose 0.41% to $73.24 per barrel. The rise in crude prices was partly driven by easing concerns about a potential US government shutdown and

The year 2024 has been a remarkable one for Indian sports, with several athletes bringing laurels to the country, including India's T20 World Cup win and Manu Bhaker's double medal victory at the Paris Olympics. The Indian government has revealed the nominees for the prestigious Major Dhyan Chand Khel Ratna Award, India's highest sporting honor. Among the nominees are Harmanpreet Singh, captain of the Indian men's hockey team, who led the team to a bronze medal at th

Raghuram Rajan, former Governor of the Reserve Bank of India (RBI), has linked corruption under the UPA government as the primary cause of non-performing assets (NPAs) in Indian banks. In a recent interview, Rajan explained that following the global financial crisis, several projects began facing severe delays due to corruption scandals, land acquisition issues, and other regulatory obstacles. These factors, he argued, significantly contributed to the rise of NPAs. Rajan praised the

A significant drug and arms seizure took place in Kupwara district, Jammu and Kashmir, as a result of a joint operation conducted by the Indian Army and local police. The operation, based on specific intelligence inputs, was carried out in the Chinotra area of the Tangdhar sector near the Line of Control (LoC). The search led to the recovery of approximately four kilograms of narcotics, including heroin-like substances, along with four pistols, six magazines, and other ‘war-like stores.

The Pakistan High Commission announced on Wednesday that it has issued 84 visas to Indian pilgrims for a visit to the Shree Katas Raj temples in Chakwal district, Punjab, Pakistan. The pilgrimage, scheduled from December 19 to 25, will allow Hindu pilgrims to visit this sacred complex of temples, also known as Qila Katas. The temples are a significant religious site for Hindus and are linked by walkways. These visits are part of the long-standing Pakistan-India bilateral protocol on

Indian cricket team spinner R. Ashwin has announced his retirement from international cricket after the third Test match against Australia in Brisbane on Wednesday. Ashwin, who played a pivotal role in India’s rise to the top of Test cricket, made the announcement during a joint press conference with captain Rohit Sharma, after the game ended in a draw. Ashwin, with 537 wickets in 106 Test matches, is the second-highest wicket-taker for India, following only Anil Kumble's record of

Finance Minister’s View on GDP Growth: In a recent statement, Finance Minister Nirmala Sitharaman addressed the lower-than-expected growth in India’s GDP for the September quarter, calling it a "temporary blip." She emphasized her confidence that India’s economy will regain strong growth in the upcoming quarters. Despite the slowdown in the second quarter, she highligh

Indian tourists may soon enjoy visa-free travel to Russia, with the new arrangement expected by spring 2025. Since August 2023, Indian travelers have already been eligible for e-visas, which are processed within four days. The upcoming visa-free travel agreement will further strengthen tourism ties between India and Russia. In 2023, Russia granted 9,500 e-visas to Indian visitors, placing India among the top five countries for easy travel access to Russia. Consultations between Mosc

Prime Minister Narendra Modi on Monday honored the soldiers who played a pivotal role in India's victory during the 1971 war, known as Vijay Diwas. The day commemorates the surrender of Pakistani forces to the Indian Army, which led to the creation of Bangladesh. In a post shared on X, PM Modi paid tribute to the bravery and sacrifices of the soldiers who contributed to this historic victory. Modi emphasized the selfless dedication and determination of the Indian soldiers, notin

The Indian rupee opened at 84.83 against the US dollar on Monday, a depreciation of 4 paise compared to the previous close of 84.79. The decline in the rupee is largely attributed to the uncertainty following the announcement of a leadership transition at the Reserve Bank of India (RBI). Shaktikanta Das will be succeeded by Sanjay Malhotra, sparking initial concerns in the market. However, markets quickly adjusted to the news, with experts noting that the RBI is closely monitoring banking sys

Switzerland has decided to suspend the Most-Favoured-Nation (MFN) status granted to India, which could result in higher taxes for Indian companies operating in the country. Starting January 1, 2025, Indian companies will face increased withholding tax rates on income such as dividends and royalties generated in Switzerland. The new tax rules will impose a 10% tax on dividends earned by Indian entities. This move follows a ruling by the Indian Supreme Court in October 2023, which sta

Efforts are underway to secure the early release and repatriation of 14 Indian fishermen, including seven from Tamil Nadu, who have been detained in a Pakistani jail since January. Union External Affairs Minister S. Jaishankar informed Tamil Nadu Chief Minister M.K. Stalin about the ongoing diplomatic efforts. This followed a letter from Stalin, dated November 20, urging swift action for the fishermen’s release. Jaishankar stated that the Indian government had raised the matte

Australia is introducing new rules to compel large tech companies, including Google, Meta, and TikTok, to pay local publishers for news content. These companies, whose annual Australian revenue exceeds $250 million, will need to negotiate commercial deals with media organizations or face increased taxes. This move builds on the world-first law passed in 2021, which forced tech giants like Meta and Google to pay for news content shared on their platforms. The new rules aim to pressur

Kim Yong-hyun, the former South Korean Defence Minister, was arrested on Tuesday after attempting suicide just before his formal detention. The former minister is under investigation for his role in the failed martial law declaration by President Yoon Suk Yeol on December 3. He attempted suicide at the Seoul Dongbu Detention Center using his clothing, but his life is not in danger. Mr. Kim is facing charges, including insurrection and abuse of authority for obstructing rights during

Robots are increasingly becoming a part of everyday life, and in a groundbreaking development, China has introduced an advanced AI-powered spherical police robot known as RT-G. Developed by Logon Technology, the RT-G is designed to go beyond traditional surveillance and actively pursue and apprehend suspects. Unlike many Western models focused on monitoring, this robot can chase criminals, shoot nets, and even withstand falls from heights. The RT-G robot is equipped with advanced se

South Korea’s President Yoon Suk Yeol is facing a possible overseas travel ban as authorities investigate his controversial imposition of martial law last week. The ban is part of an expanding probe into potential rebellion charges after Yoon deployed special forces troops in Seoul, plunging the nation into political turmoil. South Korean police, prosecutors, and anti-corruption agencies, including the Corruption Investigation Office for High-Ranking Officials, have requested

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

External Affairs Minister S. Jaishankar, while receiving the 'India First' award at NDTV’s Indian of the Year ceremony, celebrated the crucial role of India's democracy in shaping the country's growth. He emphasized how democracy has brought forward voices from every part of the nation, not just metropolitan cities, giving equal representation to all sections of society. This inclusiveness, he argued, has been pivotal in driving India’s development. He also noted t

South Korean President Yoon Suk Yeol declared emergency martial law on Tuesday, accusing opposition lawmakers of undermining the state and threatening the stability of the nation’s governance. This move comes amid a fierce parliamentary conflict over the budget bill for the next fiscal year. The opposition Democratic Party has slashed key portions of the budget, including funds for national security, law enforcement, and Yoon's office, in a dispute that has paralyzed the legislative

The bail hearing for Chinmoy Krishna Das Brahmachari, the Hindu priest accused of sedition in Bangladesh, has been postponed until January 2, 2025, after no lawyers appeared in court on Tuesday. This delay follows reports that a Bangladeshi lawyer defending the Hindu monk was brutally attacked at his home by Islamists and is now in the Intensive Care Unit. According to the International Society for Krishna Consciousness (ISKCON), the lawyer’s attack has made it impossible for him to rep