Category: Breaking News

Rahul Gandhi Congratulates Trump on Re-Election, Extends Warm Wishes to Harris for Future Endeavors

Manish Kumar

In a diplomatic gesture following the recent U.S. elections, Rahul Gandhi, the Leader of Opposition in India’s Lok Sabha, extended congratulations to U.S. President-elect Donald Trump on his re-election victory. In separate messages to President-elect Trump and outgoing Vice President Kamala Harris, Gandhi expressed confidence in the enduring relationship between India and the United States and offered praise for Harris’s spirited campaign efforts. With Trump’s return to office, Gandhi’s messages emphasized hopes for further collaboration between the two democracies, touching on both his aspirations for India-U.S. ties and appreciation of…

Modi-Trump Bond Renewed: US President-elect Trump Praises India and PM Modi’s Leadership

Manish Kumar

Rekindling a Strong Partnership The rapport between Prime Minister Narendra Modi and Donald Trump, known for its warmth and mutual admiration, was a defining feature of Trump’s first presidency. From joint rallies like “Howdy Modi” in Houston to “Namaste Trump” in Ahmedabad, the two leaders shared a dynamic friendship that resonated with both Indian and American audiences. With Trump’s re-election, this camaraderie appears set to continue, sparking hopes for deeper India-US cooperation in defense, technology, and global stability. On Wednesday, Prime Minister Modi reached out to Trump to congratulate him…

Trump’s Stunning Comeback: What a Second Term Could Mean for America and the World

Manish Kumar

In a historic and polarizing election, former President Donald Trump has won a second non-consecutive term in the White House, marking a political comeback unprecedented in modern American history. With the latest electoral college count showing Trump with 267 votes, his victory signals a turning point for both domestic and international policies. Trump’s campaign, fueled by his “America First” agenda, resonated with a significant portion of the electorate, capturing key battleground states, including North Carolina, Georgia, and Pennsylvania. As he prepares to re-enter the Oval Office, the United States and…

US Imposes Strict Restrictions on AI and Chip Investments in China

Manish Kumar

The U.S. government has imposed new restrictions on American companies investing in Chinese artificial intelligence (AI) and semiconductor technologies. This move, authorized by President Biden, is aimed at limiting China’s access to advanced tech that could bolster its military capabilities. The regulations prohibit U.S. investments in areas like AI, quantum computing, and advanced chip manufacturing, and require companies to report any other investments to the U.S. government. This is part of a broader strategy to curb China’s technological advancements, especially in sectors critical to national security​   The Biden administration…

BSNL Launches World’s Cheapest 5G Phone

Manish Kumar

BSNL has launched an ultra-affordable 5G smartphone aimed at making advanced digital connectivity accessible across India. This initiative aligns with India’s digital transformation goals by providing budget-friendly options to bridge connectivity gaps and bring 5G technology to a wider audience.   The budget-friendly smartphone equipped with high-end features like a 200MP camera and a 6000mAh battery. Set to roll out its 5G services by 2025, BSNL aims to make advanced connectivity accessible, particularly in rural and underserved areas.   This move underlines BSNL’s commitment to closing the digital divide and…

RBI Brings Back 102 Tonnes of Gold to Bolster India’s Economic Stability

Manish Kumar

The Reserve Bank of India (RBI) recently transported 102 tonnes of gold from the Bank of England vault to India, aiming to reinforce the country’s economic stability. The gold, which is part of the RBI’s reserves, had been pledged in London during the 1990s financial crisis. Why did the RBI decide to bring it back. This strategic move, kept confidential until its completion, was publicly announced on Dhanteras (October 29, 2024). The decision to repatriate gold reserves enhances India’s financial resilience and signals a robust approach to securing economic assets…

Renowned Economist Bibek Debroy Passes Away

Manish Kumar

Bibek Debroy, the economist and Chairman of the Prime Minister’s Economic Advisory Council, has passed away. Known for his significant role in shaping India’s macroeconomic policies, Debroy’s contributions in areas like fiscal policy and public sector management earned him global respect. His scholarly work and guidance have left a lasting impact on India’s economic landscape. Dr. Bibek Debroy, the noted economist and Chairman of the Prime Minister’s Economic Advisory Council, passed away at 69. Known for his deep understanding of economic policy, Debroy played a key role in shaping India’s…

US Sanctions Indian Firms for Supporting Russia

Manish Kumar

The U.S. recently sanctioned 398 companies, including some in India, for allegedly aiding Russia’s war effort against Ukraine. This move signals a warning to businesses globally, emphasizing that even indirect support for Russia’s military activities will face severe penalties. The sanctions restrict these companies’ access to U.S. financial systems, posing economic challenges and increasing diplomatic tension for countries attempting to balance ties with both the U.S. and Russia.   The U.S. has expanded sanctions beyond Russia, targeting Chinese and Belarusian entities and individuals for allegedly supporting Russia’s military or helping…

“Diwali 2024: PM Modi Sends Greetings to President Droupadi Murmu and VP Jagdeep Dhankhar”

Manish Kumar

Diwali 2024: Prime Minister Narendra Modi today called on President Droupadi Murmu and extended her Diwali greetings.PM Modi met President Murmu at Rashtrapati Bhavan on the occasion of Diwali. The Prime Minister also met Vice President Jagdeep Dhankhar and extended blessings on Diwali.Meanwhile, Prime Minister Modi celebrated Diwali with the brave personnel from the BSF, Army, Navy, and Air Force at Lakki Nala in the Creek Area of Kutch, Gujarat. The Prime Minister said that we are very proud of our security personnel who stand firm in the inhospitable of…

RBI Transfers 102 Tonnes of Gold from UK to India Amid Global Unrest

Manish Kumar

On the auspicious occasion of Dhanteras, the Reserve Bank of India (RBI) announced a significant transfer of 102 tonnes of gold from the Bank of England’s vaults in London to secure locations within India. This strategic move is part of a broader effort by the RBI to strengthen domestic holdings amidst rising global geopolitical tensions. Strengthening Domestic Gold Holdings This recent transfer marks the second substantial gold shipment by the RBI from the UK to India within the year. The first transfer, which took place on May 31, involved over…