Author: NNI Editor

Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto China announced Tuesday (March 4, 2025) it will impose additional tariffs of up to 15% on imports of key US farm products, including chicken, pork, soy and beef. The tariffs announced by the Commerce Ministry are due to take effect from March 10. They follow U.S. President Donald Trump’s order to raise tariffs on imports of Chinese products to 20% across the board. Those took effect on Tuesday (March 4, 2025). Imports of U.S. grown chicken, wheat, corn and cotton will face an extra 15% tariff, it said. The tariff on…

Sports betting app 1xBet has been hit with an FIR by Star India, which broadcasts the ICC Champions Trophy, for illegally streaming the tournament to its users Source link

Image used for representation only. File | Photo Credit: Reuters The rupee declined 8 paise to 87.40 against the U.S. dollar in early trade on Tuesday (March 4, 2025), weighed down by persistent foreign fund outflows and a prevailing liquidity deficit. Forex traders said the ongoing uncertainty surrounding tariff imposition by the U.S. has left financial markets in flux. Moreover, the tariff chaos has injected volatility and uncertainty into the U.S. Dollar Index. At the interbank foreign exchange, the rupee opened at 87.38, then fell to 87.40 against the American currency, registering a decline of 8 paise over its previous close. On Monday…

Photo used for representation purpose only. | Photo Credit: The Hindu The Congress on Tuesday (March 4, 2025) flagged the issue of rise in gold loans and claimed that the Indian economy is “deep in a Modi-made crisis”.Congress general secretary in-charge communications Jairam Ramesh cited the February RBI data and pointed out that gold loans had jumped a whopping 71.3%.”India’s economy is deep in a Modi-made crisis. Recall that by 2024, widespread and persistent economic stagnation had resulted in a 300% growth in gold loans in just 5 years. Gold loans crossed the ₹1 lakh crore mark for the first…

Expanding childcare centres, eldercare support, and assistive technologies would ease women’s care burden, and boost their workforce participation. Representational file image. | Photo Credit: R. V. Moorthy The Union Budget for 2025 allocated a record ₹4,49,028.68 crore to the Gender Budget (GB), marking a 37.3% increase from FY24 and accounting for 8.86% of the total Budget. This rise is primarily due to the inclusion of the PM Garib Kalyan Anna Yojana, which accounts for 24% of the GB, rather than being driven by substantial investments in care infrastructure or new gender-responsive schemes. Despite this increase, critical investments in care infrastructure…

Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports, in response to questions about whether the spending cuts pushed by Elon Musk’s Department of Government Efficiency could possibly cause an economic downturn. “You know that governments historically have messed with GDP,” Lutnick said on Fox News Channel’s “Sunday Morning Futures.” “They count government spending as part of GDP. So I’m going to separate those two and make it transparent.”Doing so could potentially complicate or distort a fundamental measure of the U.S. economy’s health. Government spending is traditionally included in the GDP because…

A view of the Bombay Stock Exchange in Mumbai. File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty plunged in early trade on Tuesday (March 4, 2025), tracking a weak trend in the global markets, incessant foreign fund outflows and concerns over US tariffs. The 30-share BSE Sensex slumped 177.39 points or 0.24% to 72,908.55 in early trade. The NSE Nifty dropped 59 points or 0.27%t to 22,060.30. In the intraday session, it declined 144.85 points or 0.65% to 21,974.45. From the Sensex pack, Nestle India, HCL Technologies, Tech Mahindra, Bharti Airtel, Titan, Infosys, Asian Paints, NTPC, Bajaj…

The European Central Bank is expected to cut interest rates again this week in a bid to boost the floundering eurozone economy, even as debate heats up about when to hit pause. It will mark the central bank’s sixth reduction since June last year, with its focus having shifted from tackling inflation to relieving pressure on the 20 nations that use the euro.With “growth stuttering”, a quarter-point cut at Thursday’s meeting “is a near certainty”, HSBC bank analysts said. A reduction by a quarter percentage point would bring the bank’s benchmark deposit rate to 2.50 percent. The rate reached a…

Chinese manufacturers reported an uptick in orders in February as importers rushed to beat higher U.S. tariffs imposed by President Donald Trump, as a Chinese state media report said that Beijing was considering ways to retaliate. Trump earlier imposed a tariff of 10% on imports from China and that will rise to 20% beginning Tuesday. He also ended the “de minimis” loophole that exempted imports worth less than $800 from tariffs, in a blow to companies whose online sales direct to consumers had soared in recent years. The Global Times, a newspaper of China’s ruling Communist Party, said Monday that…

The air-conditioned market Krishnadevaraya Palike Bazar, built by BBMP under the Chief Minister’s Urban Development Scheme near Vijayanagar bus stand and metro station in Bengaluru, was inaugurated on August 25, 2024. | Photo Credit: Special Arrangement Although the Bruhat Bengaluru Mahanagara Palike (BBMP) has yet to issue a tender for auctioning spaces at Palike Bazar at Vijayanagar, the underground market — modeled on New Delhi’s iconic Palika Bazar — has already been taken over by over 25 vendors without any official allotment from the civic body. Palike Bazar, a high-tech and air-conditioned market, was opened to the public in August…