In a significant move aimed at bolstering the financial flexibility of Micro and Small Enterprises (MSEs), the Reserve Bank of India (RBI) has proposed the elimination of foreclosure charges and prepayment penalties on floating rate loans. This initiative is designed to facilitate easier and more affordable financing options for MSEs, thereby promoting their growth and…
The US stock market experienced a sharp decline, wiping out approximately $927 billion in market value within a single trading session. According to an analysis from Watcher Guru, this drop marks the worst market performance of the year, raising concerns among investors and analysts. Major Indices Experience Sharp Declines Leading stock indices, including the S&P…
Tesla, under the leadership of Elon Musk, is poised to make a significant entry into the Indian automotive market by April 2025. The company plans to introduce its electric vehicles (EVs) with starting prices around ₹22 lakh, targeting the burgeoning demand for sustainable transportation in the world’s third-largest car market. Strategic Import Plans from Berlin…
In a significant economic development, Argentina’s annual inflation rate has dramatically decreased from over 254% to 84.5% in January 2025, marking the first instance in two years that the year-on-year rate has fallen below the 100% threshold. This substantial reduction signals a potential turning point for the nation’s economy, which has been grappling with hyperinflation…
In a significant move to stimulate economic growth, the Reserve Bank of India (RBI), under the leadership of Governor Sanjay Malhotra, has reduced the repo rate by 25 basis points, bringing it down to 6.25%. This marks the first rate cut in nearly five years, reflecting the central bank’s response to evolving economic indicators. The…
China’s recent announcement of a 15% tariff on select U.S. energy products, agricultural machinery, and large-engine cars has fueled global market concerns. The move, perceived as a retaliatory measure against the United States, threatens to further strain economic ties between the two major world economies. While analysts suggest the direct impact on U.S. exports may…
Finance Minister Nirmala Sitharaman has addressed concerns regarding the Indian rupee’s depreciation against the U.S. dollar, emphasizing that the phenomenon is primarily due to the dollar’s significant strengthening rather than a weakening of the rupee itself. She highlighted that the rupee has remained relatively stable against other major global currencies, reflecting the robust fundamentals of…
NEW DELHI: On Saturday, Finance Minister Nirmala Sitharaman delivered her eighth consecutive Union Budget, moving closer to the record held by former Prime Minister Morarji Desai, who presented ten budgets across multiple terms. Sitharaman is also the first woman to hold the full-time position of finance minister. The Budget for the fiscal year 2025-26 marks…
Renowned financial author Robert Kiyosaki, best known for his book “Rich Dad Poor Dad,” has issued a stark warning about an impending economic downturn. In a recent statement, Kiyosaki emphasized that the global economic decline has already begun, affecting regions such as Europe, China, and the United States. He cautioned individuals to be vigilant, advising…
New Delhi: The Union Budget for the financial year 2025-26 is set to be presented on February 1, 2025, and contrary to speculation, there will be no holiday on this day. The stock markets will remain fully operational during regular trading hours, allowing investors to react in real time to the announcements made by the…