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.
New Zealand’s economy has officially entered a recession, with GDP contracting by 1.0% in the third quarter of 2024. This marks the second consecutive quarterly decline, following a revised 1.1% contraction in Q2, and highlights the nation’s most significant economic downturn since 1991 (excluding the pandemic years). The recession has sparked widespread concerns about its … Read more
The USD INR exchange rate has recently reached an all-time low, with the Indian rupee (INR) falling to 84.9550 against the U.S. dollar (USD) before closing at 84.9525. This depreciation reflects a combination of global and domestic challenges, sparking discussions about its implications for India’s economy and the Reserve Bank of India’s (RBI) efforts to … Read more
The US Federal Reserve’s recent decision to cut interest rates by 0.25% has sent ripples through global financial markets. This move, which brings the central bank’s key lending rate down to 4.25%-4.50%, has sparked a sell-off on Wall Street and raised important questions about the future trajectory of monetary policy and its broader economic implications. … Read more
The financial landscape has witnessed a significant shift as two of India’s wealthiest and most influential business magnates, Mukesh Ambani and Gautam Adani, have dropped out of Bloomberg’s elite $100 billion club. Both entrepreneurs were once part of the exclusive list, but recent financial setbacks, regulatory scrutiny, and market conditions have resulted in their fortunes … Read more
A recent dispute involving Akasa Air pilots has brought the airline into the spotlight, raising questions about its management practices, employee relations, and operational integrity. While Akasa Air dismisses these allegations as baseless, the concerns raised by a section of its pilots highlight potential risks and challenges that could shape the airline’s future trajectory. The … Read more
The domestic carrier Akasa Air is in the spotlight once again as a group of its pilots has raised serious allegations about management practices, training methods, and safety standards. These concerns, detailed in a letter to the Union Civil Aviation Ministry, point to dissatisfaction among employees, alleged harassment, and perceived safety risks. Key Allegations Raised … Read more