US President-elect Donald Trump is reportedly growing weary of Elon Musk’s frequent appearances at Mar-a-Lago, despite publicly lauding him as a key donor and supporter. The unlikely bromance between Donald Trump and Elon Musk may not yet be over, but its contours are certainly beginning to fray, according to a report. Publicly, Donald Trump is … Read more
Price cuts towards end of 2024 saw sales of electric cars rise 20%, with the industry’s volumes finishing a shade lower than one lakh units against 82,688 units in the previous year. The growth comes despite doubts about a mass adoption for EVs as customers complain over a poor public charging infrastructure, longevity of battery, … Read more
China is preparing to impose some new export restrictions on specific critical technologies used in the production of electric vehicle (EV) batteries while including those for processing lithium and gallium. This recent move comes as tensions rise with the incoming US President- elect Donald Trump administration which has indicated a severe willingness to impose several … Read more
The government has set up a working group under NITI Aayog member Ramesh Chand for revising the base year of the current series of Wholesale Price Index (WPI) to 2022-23 from 2011-12 currently. The group will suggest the commodity basket of WPI and Producer Price Index (PPI) with base year 2022-23 considering structural changes in … Read more
India on Wednesday declared 2025 as the year of defence reforms and that the focus will be to roll out integrated theatre commands to boost tri-services synergy and ensure simpler and time-sensitive military procurement with a broader aim to transform the military into a technologically-advanced force. The overall aim of the nine-point reforms planned by … Read more
The Reserve Bank of India (RBI) has asked the National Payments Corporation of India (NPCI) to develop a facility to allow customers using online fund transfer systems, RTGS and NEFT, to verify the name of the bank account to which money is being transferred before initiating the transaction for avoiding mistakes and prevent frauds. All … Read more
The combination of monetary policy stance and macroprudential measures by the central bank, and structural factors, may have contributed to slowdown in demand, a finance ministry report said on Thursday in the latest sign of divergent views between North Block and the Reserve Bank of India (RBI) over growth and inflation. This is the first … Read more
The GST Council, led by Finance Minister Nirmala Sitharaman, has clarified the tax treatment of popcorn. It has been decided that pre-packed and labelled ready-to-eat popcorn will attract a 12% GST, while caramelised popcorn (mixed with sugar) will be taxed at 18%. Importantly, there is no change in the existing tax rates. The Council has … Read more
The agricultural forces in the United States are slowly giving up on themselves, with decreasing incomes and falling of crop prices becoming the biggest issues for farmers across key agricultural regions in the US. Is the United States nearing a farm recession? According to a Wall Street Journal report, farmers in northeastern North Dakota, reportedly, … Read more