Economy & Policy

Keep up with major economic news and government policies that impact your finances. In our Economy & Policy section, you’ll discover easy-to-understand updates on inflation, interest rates, and other factors that shape your financial world.

DPIIT’s Key Achievements in 2024: Driving India’s Self-Reliance and Global Competitiveness

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Key Achievements in 2024

In 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) achieved significant milestones that underscored its commitment to making India a self-reliant and globally competitive economy. From implementing Production Linked Incentive (PLI) schemes to fostering startup ecosystems, enhancing Foreign Direct Investment (FDI) inflows, and streamlining logistics, the DPIIT’s efforts have set the stage … Read more

Sriram Krishnan Joins Trump’s Team as Senior AI Policy Advisor: Implications for the Future of American AI Leadership

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Sriram Krishnan

The Appointment: A Milestone for AI Policy in the U.S. In a move that underscores the growing importance of artificial intelligence (AI) in global strategy, U.S. President-elect Donald Trump has appointed Indian-American entrepreneur and venture capitalist Sriram Krishnan as the senior policy advisor for AI at the White House Office of Science and Technology Policy. … Read more

Hawaii State FCU Extends Scholarship Deadline

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Hawaii State Federal Credit Union

In a move to empower the next generation of leaders, Hawaii State Federal Credit Union (Hawaii State FCU) has extended its 2025 scholarship application deadline to February 28. This initiative underscores the institution’s commitment to education and community growth by awarding $5,000 scholarships to 20 deserving Hawai‘i students. Here’s a closer look at the program, … Read more

Google Layoffs: Sundar Pichai Announces Major Job Cuts in Top Positions

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Google Layoffs

Google’s latest round of layoffs, targeting 10% of top management roles, has sent ripples through the tech industry. CEO Sundar Pichai revealed this significant restructuring during an all-hands meeting, emphasizing the company’s commitment to boosting efficiency, streamlining operations, and enhancing productivity. This decision marks a continuation of Google’s two-year-long efficiency strategy, aligning with shifting business … Read more

IIM Sambalpur’s New Admission Process for MBA Programmes: A Strategic Shift

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IIM Sambalpur’s New Admission Process

IIM Sambalpur has announced a significant change in its admission process for the academic year 2025-27. Moving away from the Common Admission Process (CAP), the institute will independently manage admissions for its flagship MBA program and the newly launched MBA in Business Analytics (BA). This strategic move aims to foster a more personalized and holistic … Read more

India’s Safeguard Duty Proposal: Shielding Domestic Steelmakers or Harming MSMEs?

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India’s Safeguard Duty Proposal Shielding Domestic Steelmakers or Harming MSMEs

The Indian government’s recent moves to impose a safeguard duty of up to 25% on steel imports have sparked debates across industries. Spearheaded by Commerce Minister Piyush Goyal, this proposal aims to protect domestic steelmakers from an influx of cheaper Chinese steel. While the initiative has gained momentum, its potential impact on small-scale industries, particularly … Read more