Trump's decision to halt New York City's congestion pricing program has led to a major legal dispute, as the Metropolitan Transportation Authority (MTA) has filed a lawsuit against the federal government. The congestion pricing plan, which went into effect on January 5, 2025, imposed a $9 toll on vehicles entering Manhattan below 60th Street. The policy aimed to curb traffic congestion while generating much-needed funding for the city's public transpor

The social media platform X has agreed to pay 10 million dollars to former President Donald Trump as part of a settlement that brings an end to a legal dispute stemming from the suspension of his account. This resolution marks the conclusion of a contentious legal battle that had its roots in the events following the U.S. Capitol incident. In January 2021, two days after the events at the Capitol, X – formerly known as Twitter – made the decision to su

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

In February 2025, US President Donald Trump’s announcement of a 30-day pause on tariffs against Mexico and Canada brought a brief sense of relief to global markets. The decision helped prevent a potential escalation of a full-blown trade war, with US equity futures and international markets responding positively. However, concerns linger about the long-term effects of tariffs on industries such as automotive, semiconductor, consumer goods, e-commerce, and green energy.  

Prime Minister Narendra Modi is scheduled to embark on a two-day visit to the United States starting February 12, where he will engage in extensive talks with US President Donald Trump. The visit will take place shortly after Modi's two-day trip to Paris, marking the prime minister's first bilateral visit to the US since Trump's second term in office. The trip will provide an opportunity to strengthen ties between India and the US and discuss key issues, including trade, security,

The US stock market saw a sharp decline on Monday following President Donald Trump’s announcement of new tariffs on Canada, Mexico, and China. The Dow Jones Industrial Average fell by over 450 points, marking a decline of more than 1%, while the S&P 500 dropped 1.5% and the Nasdaq lost 1.8%. These significant losses reflect growing concerns over escalating trade tensions and the potential negative impact on the global economy. The new tariffs, which impose a 25% duty on imports from

On Monday, the Indian rupee plunged by 67 paise to hit a record low of 87.29 against the US dollar. This sharp depreciation came in the wake of US President Donald Trump's decision to impose tariffs on Canada, Mexico, and China, sparking fears of a global trade war. Trump’s tariffs—25% on Canada and Mexico, and 10% on China—sent shockwaves through the financial markets. As the US dollar gained strength amid risk aversion, the rupee faced mounting pressure due to sustaine

The U.S. decision to withdraw from the Organisation for Economic Co-operation and Development’s (OECD) global tax deal, led by President Trump in his second term, could lead to significant shifts in the global tax landscape. However, according to tax expert Rakesh Nangia, India's tax policy will not be heavily impacted by this move. India had taken a more cautious approach toward implementing the Global Anti-Base Erosion (GloBE) rules and had not introduced substantial changes to it

Trump's Tariff Announcement and Border Security: President Donald Trump announced plans to impose tariffs of up to 25% on Mexico and Canada, effective February 1, 2025, arguing that both countries are contributing to illegal immigration and drug smuggling into the US. This move, part of his broader trade policy agenda, comes after his inauguration address, where he emphasized using tariffs to strengthen the US economy. However, such tariffs could risk igniting a trade con

In his first major act as the 47th President of the United States, Donald Trump signed an executive order aimed at dismantling birthright citizenship, a cornerstone of US immigration law. The order seeks to reinterpret the 14th Amendment of the US Constitution, which has historically granted citizenship to anyone born in the US, to exclude children born to undocumented immigrants. This controversial move has sparked intense debate and is expected to face numerous legal challenges from organiz

US President Donald Trump's economic policies are facing significant challenges, according to market experts like Ramesh Damani and Samir Arora. While Trump has made bold promises, including ramping up US oil production and taking a tough stance on trade with countries like China, the actual implementation of these policies is likely to be constrained by governance realities. Damani pointed out that Trump's ambitious goal of increasing US crude oil production by three millio

Trump’s National Energy Emergency Declaration President-elect Donald Trump is set to sign an executive order declaring a national energy emergency to promote affordable and reliable energy in the U.S. Aiming to lower costs and boost domestic production, the measure would focus on removing regulations and promoting energy independence. Focus on Alaska’s Natural Resources Trump will also sign an executive order targeting Alas

During a visit to SpaceX's Starbase facility in Texas on Friday, Elon Musk shared his optimistic view on the growing India-US trade relationship, stating that the bilateral ties are “trending positive.” Musk, a key player in both the automotive and technology sectors, expressed his support for lowering trade barriers between the two nations to foster increased commerce and

In response to the potential imposition of 25 percent tariffs on Canadian imports by US President-elect Donald Trump, Canadian Foreign Minister Melanie Joly issued a stark warning on Friday. Joly described the proposed tariffs as a "Trump tariffs tax" that could trigger the biggest trade war between Canada and the US in decades. The US president-elect's plans also involve increa

Following the Indian cricket team’s defeat in the Test series against Australia, the BCCI (Board of Control for Cricket in India) has introduced a new  guidelines aimed at promoting discipline, team cohesion, and reducing the influence of 'star culture' within the team. These rules come after consultation with head coach Gautam Gambhir and are designed to ensure a more unif

Impact of China’s Export Restrictions on Indian Manufacturing: India’s manufacturing industry is facing significant disruptions due to China’s export restrictions, which are part of the ongoing trade tensions between the United States and China. These curbs primarily affect industries in India that rely on raw materials, machinery, and components from China, such as the solar po

Telugu Desam Party (TDP) has made a remarkable achievement by registering over 1 crore members, a first in the party's history. The ongoing membership drive, which has seen a surge in registrations, has reached an impressive milestone of 1,00,20,065 members, with notable participation from both Andhra Pradesh and Telangana. The drive gained momentum under the leadership of Nara Lokesh, who introduced an insurance policy offering a Rs 5 lakh coverage, adding significant value for

The ongoing battle between the Enforcement Directorate (ED) and Arvind Kejriwal, the chief of the Aam Aadmi Party (AAP), took a significant turn today with the Ministry of Home Affairs giving its nod for the prosecution of Kejriwal. This decision is connected to the ongoing money laundering case linked to the controversial Delhi excise policy. Earlier, Delhi's Lieutenant Governor, VK Saxena, had already granted permission for the prosecution of the former Delhi Chief Minister. T

On January 9, 2025, the state funeral of President Jimmy Carter, held at Washington’s National Cathedral, provided a rare moment of political camaraderie between President-elect Donald Trump and former President Barack Obama. The two, who have a long history of public disagreement and political rivalry, were seen engaged in a friendly conversation during the ceremony. This unexpected interaction quickly caught the attention of attendees and quickly went viral on social media. Despite th

Expansion of China's Trade-In Scheme China is extending its consumer trade-in program, originally launched in March 2024, to help stimulate demand in the struggling household sector. The scheme now includes additional home appliances such as microwave ovens, dishwashers, and rice cookers. In an effort to boost the digital goods market, subsidies are also being offered for products like smartphones, tablets, and smartwatches. Consumers who trade in old products can receive subsidies