UK GDP shrinks 0.3% in April; Trump’s duties and tax expiry hit growth, exports to US plunge by record £2 billion

UK GDP shrinks 0.3% in April; Trump’s duties and tax expiry hit growth, exports to US plunge by record £2 billion

Thu, 12 Jun 2025 18:14:12 IST

Britain's economy experienced a sharp 0.3% contraction in April, the largest since October 2023, primarily due to a slump in the services sector and a significant drop in exports to the US following President Trump's tariffs. The decline complicates the Bank of England's monetary policy outlook, potentially delaying anticipated interest rate cuts despite persistent inflation concerns.

CPI inflation eases to 2.82% in May, logs 6-year low; food prices lead broad-based decline

CPI inflation eases to 2.82% in May, logs 6-year low; food prices lead broad-based decline

Thu, 12 Jun 2025 17:02:10 IST

India's retail inflation hit a multi-year low of 2.82% in May 2025, according to the NSO data. This decline, the lowest since February 2019, was primarily driven by a significant decrease in food prices, with the Consumer Food Price Index dropping to 0.99%. Both rural and urban areas experienced a moderation in inflation rates during the same period.

India will strike deep inside Pak if provoked with terror attacks: Jaishankar in Belgium

India will strike deep inside Pak if provoked with terror attacks: Jaishankar in Belgium

Wed, 11 Jun 2025 07:35:08 IST

External affairs minister S Jaishankar asserted that India will retaliate against terrorist attacks by pursuing perpetrators even within Pakistan. He criticised Pakistan for training terrorists and warned China against double standards on terrorism, highlighting the effectiveness of Indian military actions, specifically citing the damage inflicted on Pakistani airfields during Operation Sindoor.

Modi government at 11: Operation Sindoor a success, but defence budget needs to go up

Modi government at 11: Operation Sindoor a success, but defence budget needs to go up

Wed, 11 Jun 2025 07:25:29 IST

Operation Sindoor highlighted the deepening military cooperation between Pakistan and China, prompting India to consider increasing its defense budget to 2.5% of GDP. The focus should be on self-reliance in military R&D, unmanned systems, and long-range weaponry. Bolstering conventional and nuclear deterrence is crucial to counter China's strategic threat and Pakistan's proxy role.

Meghalaya murder: Sonam’s call to saas on day of Raja death under cops’ scanner

Meghalaya murder: Sonam’s call to saas on day of Raja death under cops’ scanner

Wed, 11 Jun 2025 07:14:47 IST

A phone call between Sonam Raghuvanshi and her mother-in-law is under scrutiny in the Raja Raghuvanshi murder case. Police suspect the call occurred moments before or even during the planning of Raja's murder. Sonam told her mother-in-law that Raja was walking ahead and his phone was in the bag. Uma Raghuvanshi recounts the chilling conversation, unaware of the impending tragedy.

AI in action: India’s artificial intelligence market set to triple to $17 billion by 2027; talent base, public infra power growth wave

AI in action: India’s artificial intelligence market set to triple to $17 billion by 2027; talent base, public infra power growth wave

Wed, 11 Jun 2025 15:08:32 IST

India's AI industry is set to triple to $17 billion by 2027, fueled by enterprise adoption and a burgeoning talent pool, second only to the US. This growth is supported by robust digital infrastructure and a thriving startup ecosystem. Companies are leveraging AI for innovation and efficiency gains across various sectors.

E-waste initiative: Mumbai to tackle growing waste threat; UN warns of millions of tons generated annually

E-waste initiative: Mumbai to tackle growing waste threat; UN warns of millions of tons generated annually

Wed, 11 Jun 2025 15:10:07 IST

Mumbai's "E-waste Initiative" addresses the escalating global e-waste crisis, highlighted by UN reports of millions of tons generated annually. Maharashtra's e-waste Management Rules enforce Extended Producer Responsibility, with the MPCB regulating recycling facilities. Discarded electronics contain toxins that threaten the environment and human health, emphasizing the urgent need for improved recycling practices.

'Failing to protect honour of India and Indians': Congress slams Centre, demands PM Modi-Trump talks

'Failing to protect honour of India and Indians': Congress slams Centre, demands PM Modi-Trump talks

Tue, 10 Jun 2025 15:06:33 IST

Following a video of Indian student being handcuffed and pinned down by US authorities, Congress has criticised PM Modi for his silence on the alleged mistreatment of Indians in America. Jairam Ramesh accused the BJP government of failing to protect the honour of India and its citizens. The Indian consulate in New York is reportedly in contact with local authorities regarding the incident.

'Peace claims in J&K and Manipur absurd': Congress slams Amit Shah; says BJP diverting attention

'Peace claims in J&K and Manipur absurd': Congress slams Amit Shah; says BJP diverting attention

Tue, 10 Jun 2025 14:55:58 IST

The Congress party criticizes Amit Shah's claims about peace in Jammu and Kashmir and the Northeast. Jairam Ramesh alleges Shah is diverting attention from failures. He mentions unpunished terrorists in Pahalgam and a poor law and order situation in Manipur. Ramesh accuses Shah of boasting with minimal achievements. Shah had highlighted national security improvements under the Modi government.

MUDA case: ED attaches 92 properties worth Rs 100cr; probe reveals 'large-scale' site allotment scam

MUDA case: ED attaches 92 properties worth Rs 100cr; probe reveals 'large-scale' site allotment scam

Tue, 10 Jun 2025 14:29:53 IST

The Enforcement Directorate has seized Mysore Urban Development Authority sites. The sites are valued at Rs 100 crore. This action relates to a money laundering case involving Karnataka Chief Minister Siddaramaiah. The total value of attached properties is now Rs 400 crore. The investigation revealed illegal site allotments through fraudulent means. Bribes were routed via cooperative societies.

Loading....