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As US President Donald Trump seeks an end to the Russia Ukraine war, Europe seems unprepared to take on its substantial share of the responsibility to protect Ukraine and expand its defence. <o:p></o:p>Trump is starting to tell the leaders of the European union how to end the conflict in Ukraine. However, his demands are going to test the limits of the EU.<o:p></o:p>
Last week, Trump initiated peace negotiations in his discussion with his Russian counterpart, Vladimir Putin. <o:p></o:p>At the same time, the US Defence secretary briefed his European partners that they would need to shoulder the cost of any peace deal.<o:p></o:p>
<h2 class="MsoNormal">Europe&rsquo;s $3 trillion burden on Ukraine<o:p></o:p></h2>
According to Bloomberg economics, the big nations on the continent would likely need to spend an extra 3.1 trillion dollars over the next decade to defend Ukraine and build up their own military. <o:p></o:p>If the EU were to make such a pledge, it would reveal divisions within the bloc the alliance has been ignoring for far too long.<o:p></o:p>
Some politicians and security experts warn Putin will step up his efforts to undermine and, eventually, dismantle the European union and the north Atlantic treaty organisation (NATO).<o:p></o:p>
According to a Bloomberg report quoting two sources, European diplomats were stunned by trump's call with Putin as important partners were unaware of the significant diplomatic manoeuvre. <o:p></o:p>These sudden changes have shown just how big of a problem the Europeans are up against, and they are unprepared.<o:p></o:p>
Meanwhile, EU nations are debating whether to rely solely on European suppliers, who may not be prepared to provide some weapons for years or to also collaborate with the British or purchase from the Americans.<o:p></o:p>
Some have argued that the group would be better off spending its money on roads instead of weaponry. <o:p></o:p>The money needed to rebuild Ukraine&rsquo;s military over a decade may be as high as 175 billion dollars.<o:p></o:p>
Despite Zelenskiy&rsquo;s claims that even more troops will be needed, a peacekeeping force of forty thousand would cost around 30 billion dollars.<o:p></o:p>
Most of the funding would be used towards strengthening the military forces of EU member states and increasing the total defence budget to around 3.5 per cent of GDP. <o:p></o:p>The additional funds would be used to support missile systems, air defences, and artillery stocks.<o:p></o:p>
It would lead to a huge increase in the European defence industry's production, fortify the EU&rsquo;s eastern frontiers, and get the EU military ready for rapid deployment.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: Trump is starting to tell the leaders of the European union how to end the conflict in Ukraine. However, his demands are going to test the limits of the EU.

As US President Donald Trump seeks an end to the Russia Ukraine war, Europe seems unprepared to take on its substantial share of the responsibility to protect Ukraine and expand its defence. Trump is starting to tell the leaders of the European union how to end the conflict in Ukraine. However, his demands are going to test the limits of the EU. Last week, Trump initiated peace negotiations in his discussion with his Russian counterpart, Vladimir Putin. At the same time, the US Defence secretary briefed his European partners that they would need to shoulder the cost of any peace deal. Europe’s $3 trillion burden on Ukraine According to Bloomberg economics, the big nations on the continent would likely need to spend an extra 3.1 trillion dollars over the next decade to defend Ukraine and build up their own military. If the EU were to make such a pledge, it would reveal divisions within the bloc the alliance has been ignoring for far too long. Some politicians and security experts warn Putin will step up his efforts to undermine and, eventually, dismantle the European union and the north Atlantic treaty organisation (NATO). According to a Bloomberg report quoting two sources, European diplomats were stunned by trump's call with Putin as important partners were unaware of the significant diplomatic manoeuvre. These sudden changes have shown just how big of a problem the Europeans are up against, and they are unprepared. Meanwhile, EU nations are debating whether to rely solely on European suppliers, who may not be prepared to provide some weapons for years or to also collaborate with the British or purchase from the Americans. Some have argued that the group would be better off spending its money on roads instead of weaponry. The money needed to rebuild Ukraine’s military over a decade may be as high as 175 billion dollars. Despite Zelenskiy’s claims that even more troops will be needed, a peacekeeping force of forty thousand would cost around 30 billion dollars. Most of the funding would be used towards strengthening the military forces of EU member states and increasing the total defence budget to around 3.5 per cent of GDP. The additional funds would be used to support missile systems, air defences, and artillery stocks. It would lead to a huge increase in the European defence industry's production, fortify the EU’s eastern frontiers, and get the EU military ready for rapid deployment. (With inputs from the agencies)

EU’s burden to protect Ukraine and expanding militaries

Relentless selling by foreign institutional investors (FIIs) has continued to weigh on Indian equity markets, with the Sensex and Nifty registering losses for the eighth consecutive session on Friday, 14 February.
The BSE Sensex closed 199.76 points lower at 75,939.21 after an intraday drop of nearly 700 points, while the NSE Nifty declined 102.15 points to settle at 22,929.25. Over the past eight sessions, the Sensex has fallen by 2,644.6 points (3.36 per cent), and the Nifty has lost 810 points (3.41 per cent).
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Amid this downturn, Rajat Sharma, founder of Sana Securities, explained how currency fluctuations and taxation significantly impact FII returns, making Indian markets less attractive. Using an example, Sharma illustrated that if an investor converts $1 to Indian rupees at an exchange rate of Rs 84 per dollar and earns a 10 per cent profit, the investment grows to Rs 92.4.
However, after deducting long-term capital gains tax of Rs 1.05, the amount reduces to Rs 91.35. If the exchange rate changes to Rs 88 per dollar at the time of conversion back to USD, the investor receives only $1.04, effectively turning a 10 per cent gain into a mere 4 per cent return.
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m77m61lb-dqbpgoin-czk189ix">
Why are FIIs not investing in India? Imagine you invest by converting 1 US $ into Rupee @ 84/ dollar and make 10% profit. - Your investment grows to Rs. 92.4. - You sell and take it back. - You pay LTCG = Rs. 1.05. - You get = Rs. 91.35 You convert back with $ trading @ 88&hellip;
&mdash; Rajat Sharma (@SanaSecurities) <a href="https://twitter.com/SanaSecurities/status/1890684647647908212?ref_src=twsrc%5Etfw">February 15, 2025</a></blockquote>
<h2 class="p1">Market Sentiment</h2>
Market sentiment remains weak, with major laggards on Friday including Adani Ports, UltraTech Cement, Sun Pharma and Tata Steel. In contrast, Nestle, Infosys, and HCL Tech were among the few gainers. Analysts believe that corporate earnings, especially in mid- and small-cap segments, have fallen short of expectations, adding to investor caution.&nbsp;
Vinod Nair, Head of Research at Geojit Financial Services, stated that external factors such as tariff concerns, rupee depreciation, and weak earnings trends are further contributing to market volatility. He added that uncertainty will persist until there is clarity on trade policies and a recovery in corporate earnings.
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<h2 class="p1">Selling Continues</h2>
According to exchange data, FIIs offloaded equities worth Rs 2,789.91 crore on Thursday. Analysts suggest that ongoing discussions between India and the United States over a proposed trade agreement may also be influencing foreign investors&rsquo; cautious approach. Meanwhile, India and the US have pledged to double bilateral trade to $500 billion by 2030, with plans to negotiate a multi-sector trade agreement by late 2025 to improve market access and reduce duties.

External factors such as tariff concerns, rupee depreciation, and weak earnings trends are further contributing to market volatility.

Relentless selling by foreign institutional investors (FIIs) has continued to weigh on Indian equity markets, with the Sensex and Nifty registering losses for the eighth consecutive session on Friday, 14 February. The BSE Sensex closed 199.76 points lower at 75,939.21 after an intraday drop of nearly 700 points, while the NSE Nifty declined 102.15 points to settle at 22,929.25. Over the past eight sessions, the Sensex has fallen by 2,644.6 points (3.36 per cent), and the Nifty has lost 810 points (3.41 per cent). Also read: Elon Musk’s X to pay Donald Trump $10 million to settle Twitter ban lawsuit: Report Amid this downturn, Rajat Sharma, founder of Sana Securities, explained how currency fluctuations and taxation significantly impact FII returns, making Indian markets less attractive. Using an example, Sharma illustrated that if an investor converts $1 to Indian rupees at an exchange rate of Rs 84 per dollar and earns a 10 per cent profit, the investment grows to Rs 92.4. However, after deducting long-term capital gains tax of Rs 1.05, the amount reduces to Rs 91.35. If the exchange rate changes to Rs 88 per dollar at the time of conversion back to USD, the investor receives only $1.04, effectively turning a 10 per cent gain into a mere 4 per cent return. Why are FIIs not investing in India? Imagine you invest by converting 1 US $ into Rupee @ 84/ dollar and make 10% profit. - Your investment grows to Rs. 92.4. - You sell and take it back. - You pay LTCG = Rs. 1.05. - You get = Rs. 91.35 You convert back with $ trading @ 88… — Rajat Sharma (@SanaSecurities) February 15, 2025 Market Sentiment Market sentiment remains weak, with major laggards on Friday including Adani Ports, UltraTech Cement, Sun Pharma and Tata Steel. In contrast, Nestle, Infosys, and HCL Tech were among the few gainers. Analysts believe that corporate earnings, especially in mid- and small-cap segments, have fallen short of expectations, adding to investor caution. Vinod Nair, Head of Research at Geojit Financial Services, stated that external factors such as tariff concerns, rupee depreciation, and weak earnings trends are further contributing to market volatility. He added that uncertainty will persist until there is clarity on trade policies and a recovery in corporate earnings. Also read: Trump says US to provide F-35 stealth jets to India, increase military sales by 'many billions of dollars' Selling Continues According to exchange data, FIIs offloaded equities worth Rs 2,789.91 crore on Thursday. Analysts suggest that ongoing discussions between India and the United States over a proposed trade agreement may also be influencing foreign investors’ cautious approach. Meanwhile, India and the US have pledged to double bilateral trade to $500 billion by 2030, with plans to negotiate a multi-sector trade agreement by late 2025 to improve market access and reduce duties.

‘Only 4% return on 10% profit’: How currency and taxes are driving FIIs away from Indian stock market

Home buyers in India heaved a sigh of relief as the Reserve Bank of India (RBI) finally ushered in lower lending rates, making home loans more affordable and increasing disposable income for individuals. The RBI&rsquo;s decision last week to cut the repo rate by 25 basis points from 6.5 per cent to 6.25 per cent comes less than a week after the income tax bounty announced by the finance minister in this budget, and is welcome news for borrowers, both existing and new.&nbsp;
<h2>Impact on new borrowers</h2>
For those looking to take a new home loan, the rate cut reduces borrowing costs significantly. A new borrower taking a ₹50 lakh home loan at 8.50 per cent instead of 8.75 per cent would pay approximately ₹794.37 less in EMI per month, leading to savings of ₹1.9L over the duration of the loan. This enhances affordability and makes homeownership more accessible.
<h2>Impact on existing borrowers</h2>
For those already servicing a home loan, the rate cut directly affects their loan interest rates. Let&rsquo;s consider a borrower who took a ₹50 lakh home loan a year ago at an interest rate of 8.75 per cent for a 20-year tenure. The EMI for this loan would be approximately ₹44,185 per month.
With a 25-basis point rate cut, the new interest rate would be 8.50 per cent. Lenders typically do not change the EMI but revise the tenor whenever there is a rate change. This means with each rate cut, the overall interest on the outstanding reduces and every EMI contributes more to the repayment of the outstanding principal. In this case, this results in interest savings of approximately ₹8417 per lakh over the duration of the loan with 10 EMIs being shaved off the loan tenure. On a ₹50L loan, the borrower could save over ₹4.20 lakh in interest payments over the entire loan tenor, if the loan runs its full course.
<h2>Tenure vs EMI adjustment</h2>
By default, banks adjust the tenure of the loan when interest rates drop, keeping the EMI constant but reducing the overall loan term. This means borrowers could close their loans a few months earlier, leading to long-term savings on interest payments.
However, borrowers can also opt to lower their EMIs instead of reducing the tenure. If they choose this option, the EMI would be around ₹43,417, meaning their monthly outflow would reduce by ₹768 or ₹9216 per year, increasing their monthly disposable income, which could be redirected towards investments, savings, or daily expenses. Over the entire loan tenure, the borrower could save over ₹1.75 lakh in interest payments if the loan runs its full course.
<h2>Additional savings from tax cuts</h2>
The recent tax changes, including lower tax slabs and higher deductions, can lead to additional savings of up to ₹1.14 lakh per annum or ₹9,533.42 per month for salaried individuals earning ₹25 lakh. This means you can hope to save a total of ₹1.37 lakh in FY2025-26 or ₹11,379 per month (₹ 9,533.42 from income tax and ₹ 1,845.74 from lower interest; even if this interest is not realised per month but only as cumulative savings over 19 years) through a combination of interest savings on the home loan rate reduction of 25 BPS and the tax savings from higher tax slabs from April 1.
This extra savings provides an excellent opportunity to help you increase spending on lifestyle improvements without financial strain: Prepay the home loan faster and save on interest; Invest in retirement planning; Build an emergency fund for financial security.&nbsp;
<h2>A boost for millennials and first-time home buyers</h2>
The biggest chunk of borrowers typically are in their 30s and 40s. For them, balancing loan repayments, investments, and lifestyle expenses is crucial. The repo rate cut, coupled with tax savings, provides the perfect opportunity to reduce financial stress, increase investments, and achieve financial goals faster. Whether it&rsquo;s saving for children&rsquo;s education, upgrading a home, or planning early retirement, the benefits of lower interest rates and higher disposable income are immense.
The repo rate cut of 25 basis points translates to real financial gains for borrowers. By making the right choices&mdash;whether opting for a lower EMI or reducing loan tenure&mdash;individuals can maximize these benefits and secure a stronger financial future.

Business & Economy, For those looking to take a new home loan, the rate cut reduces borrowing costs significantly. This enhances affordability and makes homeownership accessible.

Home buyers in India heaved a sigh of relief as the Reserve Bank of India (RBI) finally ushered in lower lending rates, making home loans more affordable and increasing disposable income for individuals. The RBI’s decision last week to cut the repo rate by 25 basis points from 6.5 per cent to 6.25 per cent comes less than a week after the income tax bounty announced by the finance minister in this budget, and is welcome news for borrowers, both existing and new. Impact on new borrowers For those looking to take a new home loan, the rate cut reduces borrowing costs significantly. A new borrower taking a ₹50 lakh home loan at 8.50 per cent instead of 8.75 per cent would pay approximately ₹794.37 less in EMI per month, leading to savings of ₹1.9L over the duration of the loan. This enhances affordability and makes homeownership more accessible. Impact on existing borrowers For those already servicing a home loan, the rate cut directly affects their loan interest rates. Let’s consider a borrower who took a ₹50 lakh home loan a year ago at an interest rate of 8.75 per cent for a 20-year tenure. The EMI for this loan would be approximately ₹44,185 per month. With a 25-basis point rate cut, the new interest rate would be 8.50 per cent. Lenders typically do not change the EMI but revise the tenor whenever there is a rate change. This means with each rate cut, the overall interest on the outstanding reduces and every EMI contributes more to the repayment of the outstanding principal. In this case, this results in interest savings of approximately ₹8417 per lakh over the duration of the loan with 10 EMIs being shaved off the loan tenure. On a ₹50L loan, the borrower could save over ₹4.20 lakh in interest payments over the entire loan tenor, if the loan runs its full course. Tenure vs EMI adjustment By default, banks adjust the tenure of the loan when interest rates drop, keeping the EMI constant but reducing the overall loan term. This means borrowers could close their loans a few months earlier, leading to long-term savings on interest payments. However, borrowers can also opt to lower their EMIs instead of reducing the tenure. If they choose this option, the EMI would be around ₹43,417, meaning their monthly outflow would reduce by ₹768 or ₹9216 per year, increasing their monthly disposable income, which could be redirected towards investments, savings, or daily expenses. Over the entire loan tenure, the borrower could save over ₹1.75 lakh in interest payments if the loan runs its full course. Additional savings from tax cuts The recent tax changes, including lower tax slabs and higher deductions, can lead to additional savings of up to ₹1.14 lakh per annum or ₹9,533.42 per month for salaried individuals earning ₹25 lakh. This means you can hope to save a total of ₹1.37 lakh in FY2025-26 or ₹11,379 per month (₹ 9,533.42 from income tax and ₹ 1,845.74 from lower interest; even if this interest is not realised per month but only as cumulative savings over 19 years) through a combination of interest savings on the home loan rate reduction of 25 BPS and the tax savings from higher tax slabs from April 1. This extra savings provides an excellent opportunity to help you increase spending on lifestyle improvements without financial strain: Prepay the home loan faster and save on interest; Invest in retirement planning; Build an emergency fund for financial security. A boost for millennials and first-time home buyers The biggest chunk of borrowers typically are in their 30s and 40s. For them, balancing loan repayments, investments, and lifestyle expenses is crucial. The repo rate cut, coupled with tax savings, provides the perfect opportunity to reduce financial stress, increase investments, and achieve financial goals faster. Whether it’s saving for children’s education, upgrading a home, or planning early retirement, the benefits of lower interest rates and higher disposable income are immense. The repo rate cut of 25 basis points translates to real financial gains for borrowers. By making the right choices—whether opting for a lower EMI or reducing loan tenure—individuals can maximize these benefits and secure a stronger financial future.

Tax savings bring relief to home buyers in India

It's Valentine's Day and is the perfect time to discuss love and finances. What is the cost of love this Valentine's season? Romance and love is in the air, but the wallets feel the pressure. The latest lending-tree survey of over 2,000 customers indicates that Americans in relationships are allocating an average of 179 dollars for their Valentine's Day dates. While some couples are embracing the romantic holiday, most are swiping left. Almost fifty per cent of those surveyed said they would happily forgo the holiday and cost entirely if given the option. About one-third of Americans consider it worthwhile to demonstrate their affection for their partner, even if they have to take on debt. Most plan to cut back on their spending this year, compared to 2024. About 60 per cent think inflation has made it more difficult to purchase Valentine's Day presents.<o:p></o:p>
<h2 class="MsoNormal">Wallets feeling the pressure?</h2>
Flower prices usually soar and the surge in cocoa prices have made chocolates more expensive. Prices of cocoa &mdash; a key ingredient in chocolate &mdash; have increased relentlessly to new records over the past year, forcing companies to hike the prices of their products. The cost of almost everything have surged, making romantic gifts such as food and jewellery more expensive.&nbsp;Inflation is clearly hurting, with nearly 40 per cent surveyed not expecting any purchased gifts this time around. Even the perception of how to celebrate this Valentine's has changed compared to last year. About 25 per cent of Americans now perceive a restaurant date as a show-off and unnecessary. Still, based on data from wallet-hub, a financial information site, Americans are expected to shell out 25.8 billion dollars this year on Valentine's Day. That puts it in the third place among the most expensive holidays. The inflation bite is not restricted to America alone. Globally, too, price pressures have hurt household budgets. The sentiment of a cutback is similar across the world for Valentine's Day spending. Still, the industries that rely on Valentine's Day business are hoping for continued celebrations. Gift shops, florists, restaurants, jewellery stores, and Valentine-Day theme makers for brand building are some of the businesses looking at their margins amid elevated inflation. Will price pressures hit Valentine's spending, or will love take over?<o:p></o:p>
(With the inputs from the agencies)<o:p></o:p>

Business & Economy: The latest lending-tree survey of over 2,000 customers indicates that Americans in relationships are allocating an average of 179 dollars for their Valentine's Day dates.

It's Valentine's Day and is the perfect time to discuss love and finances. What is the cost of love this Valentine's season? Romance and love is in the air, but the wallets feel the pressure. The latest lending-tree survey of over 2,000 customers indicates that Americans in relationships are allocating an average of 179 dollars for their Valentine's Day dates. While some couples are embracing the romantic holiday, most are swiping left. Almost fifty per cent of those surveyed said they would happily forgo the holiday and cost entirely if given the option. About one-third of Americans consider it worthwhile to demonstrate their affection for their partner, even if they have to take on debt. Most plan to cut back on their spending this year, compared to 2024. About 60 per cent think inflation has made it more difficult to purchase Valentine's Day presents. Wallets feeling the pressure? Flower prices usually soar and the surge in cocoa prices have made chocolates more expensive. Prices of cocoa — a key ingredient in chocolate — have increased relentlessly to new records over the past year, forcing companies to hike the prices of their products. The cost of almost everything have surged, making romantic gifts such as food and jewellery more expensive. Inflation is clearly hurting, with nearly 40 per cent surveyed not expecting any purchased gifts this time around. Even the perception of how to celebrate this Valentine's has changed compared to last year. About 25 per cent of Americans now perceive a restaurant date as a show-off and unnecessary. Still, based on data from wallet-hub, a financial information site, Americans are expected to shell out 25.8 billion dollars this year on Valentine's Day. That puts it in the third place among the most expensive holidays. The inflation bite is not restricted to America alone. Globally, too, price pressures have hurt household budgets. The sentiment of a cutback is similar across the world for Valentine's Day spending. Still, the industries that rely on Valentine's Day business are hoping for continued celebrations. Gift shops, florists, restaurants, jewellery stores, and Valentine-Day theme makers for brand building are some of the businesses looking at their margins amid elevated inflation. Will price pressures hit Valentine's spending, or will love take over? (With the inputs from the agencies)

The economics of Valentine's Day

India’s mutual fund investors are shifting their strategies as market corrections and foreign outflows impact equity inflows. With sentiment dented, many are pivoting towards safer investment options. Learn more about the evolving trends.

India’s mutual fund investors shift focus amid market correction

Alibaba leads a global stock surge, hitting its highest share price since 2022. Boosted by AI advancements and Ukraine peace hopes, the tech giant’s rally has added $87 billion to its market value.

Alibaba shares soar on AI rally and global market surge

A group representing China's steel industry has warned that a new 25 percent tariff on imports of the product into the United States would have an "adverse impact" on the sector, Chinese state media reported Thursday.
"The US move is essentially an act of trade protectionism," the China Iron and Steel Association (CISA) said in a statement published by state broadcaster CCTV.
"In the short term, the impact on (China's) steel exports is limited," the CISA said in the report.
"But in the long term, the US move could lead other countries to follow suit, thereby reducing (China's) steel export competitiveness," it added.
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Despite being the world's top producer of steel, China last year accounted for only a small proportion of US steel imports.
But with demand slumping in the domestic construction sector, Chinese steel exports have surged, spurring concerns in Washington about overcapacity in foreign markets with harmful effects on US producers.
US President Donald Trump signed executive orders on Monday slapping new 25 percent tariffs on steel and aluminium, due to come into effect on March 12.
"From a medium- and long-term perspective, the (US) increase in tariffs will have an adverse impact on industrial and supply chains in the global steel industry, including the Chinese steel industry," CISA deputy secretary-general Zhang Longqiang said, according to CCTV.
Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Business & economy | World | With demand slumping in the domestic construction sector, Chinese steel exports have surged, spurring concerns in Washington about overcapacity in foreign markets with harmful effects on US producers.

A group representing China's steel industry has warned that a new 25 percent tariff on imports of the product into the United States would have an "adverse impact" on the sector, Chinese state media reported Thursday. "The US move is essentially an act of trade protectionism," the China Iron and Steel Association (CISA) said in a statement published by state broadcaster CCTV. "In the short term, the impact on (China's) steel exports is limited," the CISA said in the report. "But in the long term, the US move could lead other countries to follow suit, thereby reducing (China's) steel export competitiveness," it added. Also read | Trump’s steel, aluminium tariffs draw criticism from Canada, Mexico, EU Despite being the world's top producer of steel, China last year accounted for only a small proportion of US steel imports. But with demand slumping in the domestic construction sector, Chinese steel exports have surged, spurring concerns in Washington about overcapacity in foreign markets with harmful effects on US producers. US President Donald Trump signed executive orders on Monday slapping new 25 percent tariffs on steel and aluminium, due to come into effect on March 12. "From a medium- and long-term perspective, the (US) increase in tariffs will have an adverse impact on industrial and supply chains in the global steel industry, including the Chinese steel industry," CISA deputy secretary-general Zhang Longqiang said, according to CCTV. Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

China's steel industry warns of 'adverse impact' of US tariffs

New Income Tax Bill 2025: Indian Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in Lok Sabha amid opposition parties opposing its introduction. The new Income Tax Bill aims to simplify India's tax laws, modernise definitions, and provide more clarity on various tax-related matters. It will replace the existing Income Tax Act, 1961.
She has urged the Speaker, Om Birla, to refer the bill to the Select Committee of Lok Sabha.
Also read | <a href="https://www.wionews.com/india-news/pm-narendra-modi-to-stay-at-worlds-most-exlusive-hotel-the-blair-house-that-once-hosted-abraham-lincoln-modi-in-us-8716416">In US, PM Modi to stay at 'world's most exclusive' hotel that once hosted Abraham Lincoln</a>
<h2>New Income Tax Bill 2025</h2>
As per reports, despite opposition members opposing the bill at the introduction stage, the House passed a motion by voice vote for its introduction.
While moving the bill for introduction, Sitharaman urged the Speaker to refer the draft law to a select committee of the House, which will submit its report by the first day of the next session.
She urged the speaker to take a call on the proposed panel's composition and rules.
Also read | <a href="https://www.wionews.com/india-news/from-madhubani-of-bihar-to-crafts-of-rajasthan-indian-pm-narendra-modis-timeless-gifts-for-emmanuel-macron-and-jd-vance-8715971">From Madhubani to Rajasthani crafts: Narendra Modi's 'timeless' gifts for Macron and Vance's kids</a>
The much-anticipated bill will replace terminologies such as "assessment year" and "previous year" with the easier-to-understand "tax year" as part of a move to simplify language while removing provisos and explanations.
<h2>Modern terminologies in Income Tax Bill, 2025</h2>
The new income tax bill will simplify the country's tax laws, modernise definitions/terminologies, and provide citizens more clarity on various tax-related matters.
It will introduce changes that affect different categories of taxpayers, including individuals, businesses, and non-profit organizations.
Also read | <a href="https://www.wionews.com/world/indian-pm-to-meet-president-trump-tariffs-deportation-quad-on-modis-agenda-8716622">Indian PM to meet President Trump: Tariffs, deportation, Quad on Modi&rsquo;s agenda</a>
One of the new terms introduced in the income tax bill is "tax year" which, as per ANI, will replace existing terms like financial year and assessment year systems.
It also defines "virtual digital asset" and "electronic mode", reflecting the growing importance of digital transactions and cryptocurrency in today's financial landscape.
(With inputs from agencies)

Business & Economy | India News: New Income Tax Bill 2025: Indian FM Nirmala Sitharaman introduces Income Tax Bill 2025 in Lok Sabha. The opposition opposed the bill at the introduction stage, but the House passed a motion for it by a voice vote.

New Income Tax Bill 2025: Indian Finance Minister Nirmala Sitharaman introduced the Income Tax Bill, 2025, in Lok Sabha amid opposition parties opposing its introduction. The new Income Tax Bill aims to simplify India's tax laws, modernise definitions, and provide more clarity on various tax-related matters. It will replace the existing Income Tax Act, 1961. She has urged the Speaker, Om Birla, to refer the bill to the Select Committee of Lok Sabha. Also read | In US, PM Modi to stay at 'world's most exclusive' hotel that once hosted Abraham Lincoln New Income Tax Bill 2025 As per reports, despite opposition members opposing the bill at the introduction stage, the House passed a motion by voice vote for its introduction. While moving the bill for introduction, Sitharaman urged the Speaker to refer the draft law to a select committee of the House, which will submit its report by the first day of the next session. She urged the speaker to take a call on the proposed panel's composition and rules. Also read | From Madhubani to Rajasthani crafts: Narendra Modi's 'timeless' gifts for Macron and Vance's kids The much-anticipated bill will replace terminologies such as "assessment year" and "previous year" with the easier-to-understand "tax year" as part of a move to simplify language while removing provisos and explanations. Modern terminologies in Income Tax Bill, 2025 The new income tax bill will simplify the country's tax laws, modernise definitions/terminologies, and provide citizens more clarity on various tax-related matters. It will introduce changes that affect different categories of taxpayers, including individuals, businesses, and non-profit organizations. Also read | Indian PM to meet President Trump: Tariffs, deportation, Quad on Modi’s agenda One of the new terms introduced in the income tax bill is "tax year" which, as per ANI, will replace existing terms like financial year and assessment year systems. It also defines "virtual digital asset" and "electronic mode", reflecting the growing importance of digital transactions and cryptocurrency in today's financial landscape. (With inputs from agencies)

Indian FM Nirmala Sitharaman introduces Income Tax Bill 2025 in Lok Sabha

US Inflation has been trending up in recent months but within the tolerance levels. The January report, though, presented a clear red alert to the Federal Reserve.<o:p></o:p>
US Inflation is suddenly an issue again after a surprise pop in January following a slow grind in recent months. Consumer prices picked up speed at the beginning of the year, driven by rising food and energy prices.
<h2>US inflation rears its ugly head again</h2>
Economists predict that President Trump's tariffs would only serve to accelerate this trend. The consumer price index rose by the most since August 2023. Core inflation, which does not include energy and food prices, rose 0.4 per cent, which is more than expected. Before the latest data, Fed Chair Jerome Powell indicated his reluctance to cut rates anytime soon. He also said that new data indicate more action is needed to reign in inflation. As a result, rate-cut ambitions have taken a hit. A whole series of inflation readings have been trending up of late. Not in a dramatic post-pandemic way. But still, on a frustrating stubborn edge away from the reasonable readings in the second half of 2024. Poor fiscal data for January doesn't help, either. The fiscal numbers for January showed the deficit running at 25 per cent above the cumulative 2024 figure. This shows the already-high US debt load is only climbing further. Elon Musk-led doge clearly has some work to do.
&nbsp;
(With inputs from the agencies)<o:p></o:p>

Business & Economy: Economists predict that President Trump's tariffs would only serve to accelerate this trend. The consumer price index rose by the most since August 2023.

US Inflation has been trending up in recent months but within the tolerance levels. The January report, though, presented a clear red alert to the Federal Reserve. US Inflation is suddenly an issue again after a surprise pop in January following a slow grind in recent months. Consumer prices picked up speed at the beginning of the year, driven by rising food and energy prices. US inflation rears its ugly head again Economists predict that President Trump's tariffs would only serve to accelerate this trend. The consumer price index rose by the most since August 2023. Core inflation, which does not include energy and food prices, rose 0.4 per cent, which is more than expected. Before the latest data, Fed Chair Jerome Powell indicated his reluctance to cut rates anytime soon. He also said that new data indicate more action is needed to reign in inflation. As a result, rate-cut ambitions have taken a hit. A whole series of inflation readings have been trending up of late. Not in a dramatic post-pandemic way. But still, on a frustrating stubborn edge away from the reasonable readings in the second half of 2024. Poor fiscal data for January doesn't help, either. The fiscal numbers for January showed the deficit running at 25 per cent above the cumulative 2024 figure. This shows the already-high US debt load is only climbing further. Elon Musk-led doge clearly has some work to do. (With inputs from the agencies)

US Inflation rises by the most since August 2023

The first set of interest rate moves by major central banks in 2025 indicates that it will be a year in which heavyweight economies, both developed and emerging, will diverge for a period.<o:p></o:p>
2024 saw the biggest coordinated global interest rate cut since the financial crisis - almost 15 years ago as inflation reigned in. However, the current round in 2025 has begun with policymakers manoeuvring through an uncertain economic backdrop.<o:p></o:p>
Among the G10 central banks that regulate the most actively traded currencies, three of the four that met last month &mdash; Sweden, the ECB, and Canada &mdash; persisted with their rate-cutting cycles. On the other hand, Japan, which seldom increases rates, hiked them for the second time in under a year.<o:p></o:p>
<h2 class="MsoNormal">Central banks grapple with uncertainty<o:p></o:p></h2>
The US Federal Reserve and Norway's Norges Bank stayed on the sidelines, and the Bank of England has cut rates this week. The changes come Donald Trump returned to the white house with a bang, launching trade tariff salvos and plans to shred multilateralism and regulation.<o:p></o:p>
The Bank of Canada explicitly cautioned about the risks to its economy, and the Federal Reserve chief indicated the US Central Bank is in no rush to cut rates anytime soon.<o:p></o:p>
In emerging markets, three central banks cut and one raised rates in January.<o:p></o:p>
While South Africa and Indonesia chose to keep their rates unchanged, turkey reduced them by 0.25 per cent, bringing them down to an eye-watering 45 per cent. Brazil has been struggling owing to concerns about its debt load.<o:p></o:p>
At its most recent meeting, it hiked rates by one per cent and has already pencilled in another increase for March. The Reserve Bank of India cut rates for the first time since May 2020, while China's central bank kept its powder dry as it waited for the tariff hit from Washington.<o:p></o:p>
Most major central banks in the developed market, barring Japan, are expected to continue with their bias for easing policy this year. However, if Trump's trade battle turns ugly and inflationary as expected, central banks in Europe, Canada, and Australia are likely to be hit the hardest.<o:p></o:p>
The real question is: should policymakers be wary of inflationary pressures as an expected fallout from the tariff wars or should they focus on growth measures? For now, central banks are grappling with uncertainty in 2025's foggy economic landscape.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy: 2024 saw the biggest coordinated global interest rate cut since the financial crisis. However, the current round in 2025 has begun with policymakers manoeuvring through an uncertain economic backdrop.

The first set of interest rate moves by major central banks in 2025 indicates that it will be a year in which heavyweight economies, both developed and emerging, will diverge for a period. 2024 saw the biggest coordinated global interest rate cut since the financial crisis - almost 15 years ago as inflation reigned in. However, the current round in 2025 has begun with policymakers manoeuvring through an uncertain economic backdrop. Among the G10 central banks that regulate the most actively traded currencies, three of the four that met last month — Sweden, the ECB, and Canada — persisted with their rate-cutting cycles. On the other hand, Japan, which seldom increases rates, hiked them for the second time in under a year. Central banks grapple with uncertainty The US Federal Reserve and Norway's Norges Bank stayed on the sidelines, and the Bank of England has cut rates this week. The changes come Donald Trump returned to the white house with a bang, launching trade tariff salvos and plans to shred multilateralism and regulation. The Bank of Canada explicitly cautioned about the risks to its economy, and the Federal Reserve chief indicated the US Central Bank is in no rush to cut rates anytime soon. In emerging markets, three central banks cut and one raised rates in January. While South Africa and Indonesia chose to keep their rates unchanged, turkey reduced them by 0.25 per cent, bringing them down to an eye-watering 45 per cent. Brazil has been struggling owing to concerns about its debt load. At its most recent meeting, it hiked rates by one per cent and has already pencilled in another increase for March. The Reserve Bank of India cut rates for the first time since May 2020, while China's central bank kept its powder dry as it waited for the tariff hit from Washington. Most major central banks in the developed market, barring Japan, are expected to continue with their bias for easing policy this year. However, if Trump's trade battle turns ugly and inflationary as expected, central banks in Europe, Canada, and Australia are likely to be hit the hardest. The real question is: should policymakers be wary of inflationary pressures as an expected fallout from the tariff wars or should they focus on growth measures? For now, central banks are grappling with uncertainty in 2025's foggy economic landscape. (With inputs from the agencies)

2025's foggy economic landscape weighs on the monetary outlook

The central government is expected to present the <a href="https://www.wionews.com/india-news/new-income-tax-bill-to-be-introduced-in-parliament-tomorrow-8713064">Income Tax Bill 2025</a> in Parliament on February 13. This proposed bill seeks to simplify tax laws and modernise compliance frameworks, making regulations more understandable for taxpayers, even without professional assistance.
<h2>Key aspects of the bill</h2>
The bill consists of 23 chapters, 16 schedules, and 536 clauses, covering a broad spectrum of tax-related provisions.
Also read: <a href="https://www.wionews.com/world/india-france-relations-touched-new-heights-pm-modi-macron-travel-to-marseille-in-presidential-aircraft-8714509">India-France relations 'touched new heights', PM Modi, Macron travel to Marseille in presidential aircraft</a>
<h2>Key highlights</h2>
One of the significant proposed changes is the use of more straightforward terminology. The bill suggests replacing &lsquo;Assessment Year&rsquo; with &lsquo;Tax Year&rsquo; and &lsquo;Previous Year&rsquo; with &lsquo;Financial Year&rsquo;. Under this change, the &lsquo;Tax Year&rsquo; would represent the 12-month period beginning on 1 April, aligning it with the financial year framework.
Currently, income earned during the financial year 2024-25 is assessed in the subsequent financial year, referred to as assessment year 2025-26. The new terminology aims to remove confusion and create consistency.
Another important change relates to virtual digital assets. The bill proposes classifying these assets, when discovered during tax searches, as &lsquo;undisclosed income&rsquo;, similar to how money, bullion, and jewellery are currently treated.
Also read: <a href="https://www.wionews.com/business-economy/budget-2025-everything-you-need-to-know-about-income-tax-announcements-8687743">India Budget 2025: Tax relief, TCS, TDS &amp; more</a>
<h2>Filing deadlines</h2>
The proposed bill retains the existing deadlines for filing income tax returns (ITR). Individuals and taxpayers who are not required to have their accounts audited must file their original ITR by 31 July of the assessment year.
Taxpayers whose accounts require auditing must submit their audit report by 30 September, followed by their ITR by 31 October. Taxpayers involved in international transactions must submit their audit reports by 31 October and file their ITR by 30 November.
Those who miss the initial deadline or need to correct errors can file a belated or revised return by 31 December. A late ITR submission may result in a penalty of up to ₹5,000 under Section 234F of the Income Tax Act.
Also read: <a href="https://www.wionews.com/india-news/narendra-modi-led-indian-govt-to-table-new-immigration-and-foreigners-bill-in-parliament-here-are-key-details-8714137">Narendra Modi-led Indian govt to table new Immigration and Foreigners Bill in Parliament. Here are key details</a>
<h2>Possible changes to sections</h2>
The new bill is also expected to revise certain sections of the existing tax law. Currently, income tax return filing falls under Section 139, while the new tax regime is covered under Section 115BAC. To simplify legal language, the bill is likely to introduce renumbered sections, potentially revising references in the Income Tax Act 2025.
(With inputs from agencies)

Business & Economy, India News: The bill consists of 23 chapters, 16 schedules, and 536 clauses, covering a broad spectrum of tax-related provisions. Business & Economy

The central government is expected to present the Income Tax Bill 2025 in Parliament on February 13. This proposed bill seeks to simplify tax laws and modernise compliance frameworks, making regulations more understandable for taxpayers, even without professional assistance. Key aspects of the bill The bill consists of 23 chapters, 16 schedules, and 536 clauses, covering a broad spectrum of tax-related provisions. Also read: India-France relations 'touched new heights', PM Modi, Macron travel to Marseille in presidential aircraft Key highlights One of the significant proposed changes is the use of more straightforward terminology. The bill suggests replacing ‘Assessment Year’ with ‘Tax Year’ and ‘Previous Year’ with ‘Financial Year’. Under this change, the ‘Tax Year’ would represent the 12-month period beginning on 1 April, aligning it with the financial year framework. Currently, income earned during the financial year 2024-25 is assessed in the subsequent financial year, referred to as assessment year 2025-26. The new terminology aims to remove confusion and create consistency. Another important change relates to virtual digital assets. The bill proposes classifying these assets, when discovered during tax searches, as ‘undisclosed income’, similar to how money, bullion, and jewellery are currently treated. Also read: India Budget 2025: Tax relief, TCS, TDS & more Filing deadlines The proposed bill retains the existing deadlines for filing income tax returns (ITR). Individuals and taxpayers who are not required to have their accounts audited must file their original ITR by 31 July of the assessment year. Taxpayers whose accounts require auditing must submit their audit report by 30 September, followed by their ITR by 31 October. Taxpayers involved in international transactions must submit their audit reports by 31 October and file their ITR by 30 November. Those who miss the initial deadline or need to correct errors can file a belated or revised return by 31 December. A late ITR submission may result in a penalty of up to ₹5,000 under Section 234F of the Income Tax Act. Also read: Narendra Modi-led Indian govt to table new Immigration and Foreigners Bill in Parliament. Here are key details Possible changes to sections The new bill is also expected to revise certain sections of the existing tax law. Currently, income tax return filing falls under Section 139, while the new tax regime is covered under Section 115BAC. To simplify legal language, the bill is likely to introduce renumbered sections, potentially revising references in the Income Tax Act 2025. (With inputs from agencies)

Indian govt to introduce new Income Tax Bill 2025 in Parliament - What to expect?

Apple is partnering with Alibaba to roll out artificial intelligence features for iPhone users in China, the Information reported on Tuesday, citing one person with direct knowledge of the decision.
The development could clear months of uncertainty over Apple's AI strategy for China, where it has been losing market share to domestic rivals, including a resurgent Huawei whose smartphones have included AI tools since last year.
Apple stock rose 1.5% in early trading, while US-listed shares of Alibaba gained 2.6%.
Apple had selected Baidu as its main partner last year, but the Chinese company's progress in developing models for Apple Intelligence fell short of its standards, the report said.
Also read | <a href="https://www.wionews.com/world/uk-orders-apple-to-create-back-door-for-them-to-spy-on-users-encrypted-accounts-report-8699425">UK orders Apple to create back door for them to spy on users' encrypted accounts: Report</a>
After that, Apple considered models developed by Tencent, TikTok-parent ByteDance, Alibaba and Deepseek, but it passed on Deepseek as the startup's team lacked the manpower and experience needed to support a large customer, the report said.
Apple and Alibaba did not immediately respond to Reuters requests for comment.
The companies have submitted the Chinese AI features they co-developed for approval by China's cyberspace regulator, the report said.
Rolling out the tools is crucial as iPhone sales dipped in the holiday quarter&mdash;usually Apple's biggest period of sales&mdash;due to a lack of AI features that were meant to be the chief selling point of its latest devices.
The company has forecast strong sales growth in the current quarter, fanning hopes that iPhone demand will rebound.
The Information said Apple's decision to go with Alibaba was partly driven by the vast troves of personal data the e-commerce giant has on users' shopping and payment habits, which could help it train models and deliver more customized services.
Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Business & economy | World | Apple had selected Baidu as its main partner last year, but the Chinese company's progress in developing models for Apple Intelligence fell short of its standards, the report said.

Apple is partnering with Alibaba to roll out artificial intelligence features for iPhone users in China, the Information reported on Tuesday, citing one person with direct knowledge of the decision. The development could clear months of uncertainty over Apple's AI strategy for China, where it has been losing market share to domestic rivals, including a resurgent Huawei whose smartphones have included AI tools since last year. Apple stock rose 1.5% in early trading, while US-listed shares of Alibaba gained 2.6%. Apple had selected Baidu as its main partner last year, but the Chinese company's progress in developing models for Apple Intelligence fell short of its standards, the report said. Also read | UK orders Apple to create back door for them to spy on users' encrypted accounts: Report After that, Apple considered models developed by Tencent, TikTok-parent ByteDance, Alibaba and Deepseek, but it passed on Deepseek as the startup's team lacked the manpower and experience needed to support a large customer, the report said. Apple and Alibaba did not immediately respond to Reuters requests for comment. The companies have submitted the Chinese AI features they co-developed for approval by China's cyberspace regulator, the report said. Rolling out the tools is crucial as iPhone sales dipped in the holiday quarter—usually Apple's biggest period of sales—due to a lack of AI features that were meant to be the chief selling point of its latest devices. The company has forecast strong sales growth in the current quarter, fanning hopes that iPhone demand will rebound. The Information said Apple's decision to go with Alibaba was partly driven by the vast troves of personal data the e-commerce giant has on users' shopping and payment habits, which could help it train models and deliver more customized services. Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Alibaba shares surge as Apple teams up to bring AI features to iPhones in China

Transparency International has released the Corruption Perceptions Index (CPI) for the year 2024.&nbsp;
According to their website, the rankings list 180 countries and territories across the world by their perceived levels of public sector corruption. The nations are then assigned scores between 0-100. A higher score indicates a cleaner public sector while lower scores represent greater corruption.
Also read | <a href="https://www.wionews.com/business-economy/why-is-the-us-dollar-surging-8712784" rel="dofollow">Why is the US dollar surging?</a>
&ldquo;Research also reveals that corruption is a major threat to climate action. It hinders progress in reducing emissions and adapting to the unavoidable effects of global heating,&rdquo; the website states.
<h2>Where do world's powerful economies stand?</h2>
The United States ranks 28 on the list and has a corruption score of 65. UK ranks 20 with 71 on the CPI. One of the biggest economies, China, has a score of 43 and ranks 76th. While Russia which is fighting a war with Ukraine, ranks 154 with a score of 22.
Also read | <a href="https://www.wionews.com/business-economy/donald-trump-suspends-foreign-corrupt-practices-act-fcpa-8711493" rel="dofollow">Donald Trump suspends Foreign Corrupt Practices Act (FCPA)</a>
<h2>What is India&rsquo;s Rank?</h2>
According to CPI, India ranks neither among the top nor at the bottom of the list. With a ranking of 96 and a score of 38, the country has above-average corruption in its public sector. When compared with scores of the last two years, 39 in 2023 and 40 in 2022, corruption has increased in India.
Its neighbouring country Pakistan, which has been struggling with an economic crisis, ranks 135 on the list with a score of 27, falling relatively lower on the list. Nepal ranks 107 with a score of 34, while Bangladesh ranks 151 with a score of 23.
Also read | <a href="https://www.wionews.com/business-economy/mahakumbh-to-add-23-billion-to-the-economy-8709371" rel="dofollow">Maha Kumbh to add $23 billion to India's economy</a>
<h2>Top 10 least corrupt countries in the world</h2>
According to the list, the top 10 countries with the lowest corruption are:
1. Denmark (Rank-1; Score-90) 2. Finland (Rank-2; Score-88) 3. Singapore (Rank-3; Score-84) 4. New Zealand (Rank-4; Score-83) 5. Luxembourg (Rank-5; Score-81) 6. Norway (Rank-5; Score-81) 7. Switzerland (Rank-5; Score-81) 8. Sweden (Rank-8; Score-80) 9. Netherlands (Rank-9; Score-78) 10. Australia (Rank-10; Score-77)
Also read | <a href="https://www.wionews.com/business-economy/rupee-stages-epic-comeback-despite-stocks-crash-8712759" rel="dofollow">Rupee stages epic comeback despite stocks crash</a>
<h2>Top 10 most corrupt countries of world</h2>
According to the rankings, the top 10 countries with the highest corruption are:
1. South Sudan (Rank-180; Score-8) 2. Somalia (Rank-179; Score-9) 3. Venezuela (Rank-178; Score-10) 4. Syria (Rank-177; Score-12) 5. Yemen (Rank-173; Score-13) 6. Libya (Rank-173; Score-13) 7. Eritrea (Rank-173; Score-13) 8. Equatorial Guinea (Rank-173; Score-13) 9. Nicaragua (Rank-172; Score-14) 10. Sudan (Rank-170; Score-15)
(With inputs from agencies)

Business & economy | World | Trending | According to their website, the rankings life 180 countries and territories across the world by their perceived levels of public sector corruption.

Transparency International has released the Corruption Perceptions Index (CPI) for the year 2024. According to their website, the rankings list 180 countries and territories across the world by their perceived levels of public sector corruption. The nations are then assigned scores between 0-100. A higher score indicates a cleaner public sector while lower scores represent greater corruption. Also read | Why is the US dollar surging? “Research also reveals that corruption is a major threat to climate action. It hinders progress in reducing emissions and adapting to the unavoidable effects of global heating,” the website states. Where do world's powerful economies stand? The United States ranks 28 on the list and has a corruption score of 65. UK ranks 20 with 71 on the CPI. One of the biggest economies, China, has a score of 43 and ranks 76th. While Russia which is fighting a war with Ukraine, ranks 154 with a score of 22. Also read | Donald Trump suspends Foreign Corrupt Practices Act (FCPA) What is India’s Rank? According to CPI, India ranks neither among the top nor at the bottom of the list. With a ranking of 96 and a score of 38, the country has above-average corruption in its public sector. When compared with scores of the last two years, 39 in 2023 and 40 in 2022, corruption has increased in India. Its neighbouring country Pakistan, which has been struggling with an economic crisis, ranks 135 on the list with a score of 27, falling relatively lower on the list. Nepal ranks 107 with a score of 34, while Bangladesh ranks 151 with a score of 23. Also read | Maha Kumbh to add $23 billion to India's economy Top 10 least corrupt countries in the world According to the list, the top 10 countries with the lowest corruption are: 1. Denmark (Rank-1; Score-90) 2. Finland (Rank-2; Score-88) 3. Singapore (Rank-3; Score-84) 4. New Zealand (Rank-4; Score-83) 5. Luxembourg (Rank-5; Score-81) 6. Norway (Rank-5; Score-81) 7. Switzerland (Rank-5; Score-81) 8. Sweden (Rank-8; Score-80) 9. Netherlands (Rank-9; Score-78) 10. Australia (Rank-10; Score-77) Also read | Rupee stages epic comeback despite stocks crash Top 10 most corrupt countries of world According to the rankings, the top 10 countries with the highest corruption are: 1. South Sudan (Rank-180; Score-8) 2. Somalia (Rank-179; Score-9) 3. Venezuela (Rank-178; Score-10) 4. Syria (Rank-177; Score-12) 5. Yemen (Rank-173; Score-13) 6. Libya (Rank-173; Score-13) 7. Eritrea (Rank-173; Score-13) 8. Equatorial Guinea (Rank-173; Score-13) 9. Nicaragua (Rank-172; Score-14) 10. Sudan (Rank-170; Score-15) (With inputs from agencies)

Corruption Perceptions Index reveals world’s most corrupt countries; India ranks at…

Amid the market's wild moves, the big question: why is the dollar surging? The dollar gained driven by bets for a risk-off session this week as investors remain apprehensive about the escalating trade tensions. US President Donald Trump's universal tariffs on all steel and aluminium imports have rattled global currency markets.&nbsp;
Trump's remarks came after German chancellor Olaf Scholz's assertion that the European Union was prepared to retaliate &lsquo;within an hour&rsquo; should the US Impose tariffs on European imports. Canada and Mexico have also &lsquo;condemned&rsquo; the move. Meanwhile, there is no indication of progress between Beijing and Washington.&nbsp;
Markets are jittery as tariffs are likely to drive up inflation and further restrict the Federal Reserve's ability to ease monetary policy. As a result, the dollar is surging on increased safe-haven bets. According to experts, the nations whose currencies Trump is targeting will likely see a decline in value versus the dollar. &nbsp;
<h2>Market reactions</h2>
Investors reacted by pushing the dollar higher against most major currencies. The euro fell to a two-year low, with increased bets of the single currency reaching parity with the dollar soon. Tariff risks are expected to weigh on the Indian rupee further after the Reserve Bank of India cut rates for the first time since May 2020. The RBI's intention to limit its intervention and build on the country's foreign exchange reserves also weighed on investor sentiment towards the domestic currency. The Indian currency fell nearly 1 per cent for the week, its worst weekly decline since December 2022.&nbsp;
The MSCI Asian stocks gauge fell by the most in a week, weighed down by Japan's Nikkei and South Korea's index. However, Hong Kong and Chinese shares were buoyed by tech stocks. European stocks were in the red, and Wall Street futures pointed to a lower open.&nbsp;
In commodities, gold is edging towards a new record. The bullion was last trading at around 2,945 dollars per ounce. Even while the dollar is strong, gold prices have risen to record highs, propelled in part by speculation that Trump may slap import taxes on the precious metal. On the other hand, oil prices have taken a beating due to concerns that a trade war may slow down the world economy and reduce demand for energy.&nbsp;

Business & Economy, US President Donald Trump's universal tariffs on all steel and aluminium imports coming to the country have rattled global currency markets. 

Amid the market's wild moves, the big question: why is the dollar surging? The dollar gained driven by bets for a risk-off session this week as investors remain apprehensive about the escalating trade tensions. US President Donald Trump's universal tariffs on all steel and aluminium imports have rattled global currency markets. Trump's remarks came after German chancellor Olaf Scholz's assertion that the European Union was prepared to retaliate ‘within an hour’ should the US Impose tariffs on European imports. Canada and Mexico have also ‘condemned’ the move. Meanwhile, there is no indication of progress between Beijing and Washington. Markets are jittery as tariffs are likely to drive up inflation and further restrict the Federal Reserve's ability to ease monetary policy. As a result, the dollar is surging on increased safe-haven bets. According to experts, the nations whose currencies Trump is targeting will likely see a decline in value versus the dollar. Market reactions Investors reacted by pushing the dollar higher against most major currencies. The euro fell to a two-year low, with increased bets of the single currency reaching parity with the dollar soon. Tariff risks are expected to weigh on the Indian rupee further after the Reserve Bank of India cut rates for the first time since May 2020. The RBI's intention to limit its intervention and build on the country's foreign exchange reserves also weighed on investor sentiment towards the domestic currency. The Indian currency fell nearly 1 per cent for the week, its worst weekly decline since December 2022. The MSCI Asian stocks gauge fell by the most in a week, weighed down by Japan's Nikkei and South Korea's index. However, Hong Kong and Chinese shares were buoyed by tech stocks. European stocks were in the red, and Wall Street futures pointed to a lower open. In commodities, gold is edging towards a new record. The bullion was last trading at around 2,945 dollars per ounce. Even while the dollar is strong, gold prices have risen to record highs, propelled in part by speculation that Trump may slap import taxes on the precious metal. On the other hand, oil prices have taken a beating due to concerns that a trade war may slow down the world economy and reduce demand for energy.

Why is the US dollar surging?

In a dramatic turnaround, the rupee staged its strongest comeback in nearly two years. <o:p></o:p>The currency gained about 1.5 per cent from its all-time low hit on Monday. <o:p></o:p>This comes despite a deep crash in Indian stocks, which extended to Wednesday.<o:p></o:p>
The significant rise in the rupee was propelled by the Reserve Bank of India's aggressive intervention. <o:p></o:p>Reports show the central bank sold about 5 billion dollars via state-owned banks to stabilise the currency. <o:p></o:p>The RBI's action was a direct reaction to the currency's recent turmoil.<o:p></o:p>
The rupee crashed to reach a record low of 87.95 versus the US dollar on Monday, sending shockwaves through the market. <o:p></o:p>The RBI's action triggered a sharp reversal, creating a domino effect that boosted the currency's recovery. <o:p></o:p>However, the RBI burning through its forex reserves to support the rupee is raising some concerns.<o:p></o:p>
While India's forex reserves are still healthy at about 631 billion dollars, the 10-month worth of import cover has fallen over 70 billion dollars since a record high of around 705 billion dollars in September last year. <o:p></o:p>India's forex war chest is well above the average of about 300 billion dollars between 1998 and 2025.<o:p></o:p>
<h2 class="MsoNormal">Rupee recovers amid stock market chaos<o:p></o:p></h2>
Still, the risks are of more foreign outflows amid an escalating trade war hurting the country's import cover. <o:p></o:p>What is also worrying is the deep sell-off in Indian stocks, with benchmark stock indices extending their massive losses for the sixth straight session.<o:p></o:p>
The Sensex crashed over 700 points to fall below the 76,000 points mark. <o:p></o:p>The broader Nifty index also was in the red. <o:p></o:p>The selloff has already erased over 9 trillion rupees in investor wealth. <o:p></o:p>This was prompted by the withdrawal of foreign institutional investors and increasing global tensions.<o:p></o:p>
The decision by US President Donald Trump to impose a 25 per cent tax on steel and aluminium imports, together with threats of retaliatory tariffs, caused significant disruption in global markets. <o:p></o:p>The turmoil in Indian stocks comes despite a pullback in global markets.<o:p></o:p>
Asian and European stocks showed glimpses of a reversal to gains, suggesting traders are starting to feel numb on the trade war headlines. <o:p></o:p>Wall Street futures, though, pointed to a mixed open, similar to Tuesday's close.
<o:p></o:p>The comments from Federal Reserve's Chief Jerome Powell that the central bank is in no rush to cut rates weigh on sentiment. <o:p></o:p>Fed chief's remarks also showed inflation concerns from the ongoing trade war. So, ahead of key US inflation data, investors remained on the sidelines.<o:p></o:p>
(With the inputs from the agencies)<o:p></o:p>

Business & Economy: In a dramatic turnaround, the rupee staged its strongest comeback in nearly two years. The currency gained about 1.5 per cent from its all-time low hit on Monday.

In a dramatic turnaround, the rupee staged its strongest comeback in nearly two years. The currency gained about 1.5 per cent from its all-time low hit on Monday. This comes despite a deep crash in Indian stocks, which extended to Wednesday. The significant rise in the rupee was propelled by the Reserve Bank of India's aggressive intervention. Reports show the central bank sold about 5 billion dollars via state-owned banks to stabilise the currency. The RBI's action was a direct reaction to the currency's recent turmoil. The rupee crashed to reach a record low of 87.95 versus the US dollar on Monday, sending shockwaves through the market. The RBI's action triggered a sharp reversal, creating a domino effect that boosted the currency's recovery. However, the RBI burning through its forex reserves to support the rupee is raising some concerns. While India's forex reserves are still healthy at about 631 billion dollars, the 10-month worth of import cover has fallen over 70 billion dollars since a record high of around 705 billion dollars in September last year. India's forex war chest is well above the average of about 300 billion dollars between 1998 and 2025. Rupee recovers amid stock market chaos Still, the risks are of more foreign outflows amid an escalating trade war hurting the country's import cover. What is also worrying is the deep sell-off in Indian stocks, with benchmark stock indices extending their massive losses for the sixth straight session. The Sensex crashed over 700 points to fall below the 76,000 points mark. The broader Nifty index also was in the red. The selloff has already erased over 9 trillion rupees in investor wealth. This was prompted by the withdrawal of foreign institutional investors and increasing global tensions. The decision by US President Donald Trump to impose a 25 per cent tax on steel and aluminium imports, together with threats of retaliatory tariffs, caused significant disruption in global markets. The turmoil in Indian stocks comes despite a pullback in global markets. Asian and European stocks showed glimpses of a reversal to gains, suggesting traders are starting to feel numb on the trade war headlines. Wall Street futures, though, pointed to a mixed open, similar to Tuesday's close. The comments from Federal Reserve's Chief Jerome Powell that the central bank is in no rush to cut rates weigh on sentiment. Fed chief's remarks also showed inflation concerns from the ongoing trade war. So, ahead of key US inflation data, investors remained on the sidelines. (With the inputs from the agencies)

Rupee stages epic comeback despite stocks crash

US President Donald Trump has signed a new executive order halting prosecution of American citizens for bribing foreign officials. This order directly impacts the Foreign Corrupt Practices Act (FCPA) of 1977, the same act under which Indian businessman Gautam Adani is charged.
Trump has ordered the newly elected Attorney General Pam Bondi to 'immediately stop' actions taken under FCPA. According to Trump, the act discourages foreign businesses from doing business with 'Americans.' 'It sounds good on paper, but in practicality, it's a disaster,' Trump said. 'It was a Jimmy Carter concept, and it sounds so good, but it's so bad. It hurts the country and many, many deals are unable to be made because nobody wants to do business,' he added.
<h2>FCPA's influence</h2>
US authorities have indicted over 35 companies every year under the FCPA act. 31 companies are under investigation in 2024. This includes the case against Adani, which wiped off substantial money from its group companies in a matter of days. While the money was recovered and the Adani group dismissed the allegations as 'baseless,' the charges were serious enough for investors to be sceptical. Now with the recent announcement, Adani shares posted notable gains as investors access the fresh circumstances. The White House has announced that all FCPA-related actions will be reviewed, along with new, relaxed enforcement guidelines for future cases. &nbsp;
This recent order by Trump comes as India's prime minister, Narendra Modi, is set to visit the US for bilateral talks on February 12. PM Modi would be looking to strengthen US-India relations further, especially as the global trade landscape trembles under Trump's tariffs.

Business & Economy, According to Trump, the act discourages foreign businesses from doing business with 'Americans.' 'It sounds good on paper, but in practicality, it's a disaster.

US President Donald Trump has signed a new executive order halting prosecution of American citizens for bribing foreign officials. This order directly impacts the Foreign Corrupt Practices Act (FCPA) of 1977, the same act under which Indian businessman Gautam Adani is charged. Trump has ordered the newly elected Attorney General Pam Bondi to 'immediately stop' actions taken under FCPA. According to Trump, the act discourages foreign businesses from doing business with 'Americans.' 'It sounds good on paper, but in practicality, it's a disaster,' Trump said. 'It was a Jimmy Carter concept, and it sounds so good, but it's so bad. It hurts the country and many, many deals are unable to be made because nobody wants to do business,' he added. FCPA's influence US authorities have indicted over 35 companies every year under the FCPA act. 31 companies are under investigation in 2024. This includes the case against Adani, which wiped off substantial money from its group companies in a matter of days. While the money was recovered and the Adani group dismissed the allegations as 'baseless,' the charges were serious enough for investors to be sceptical. Now with the recent announcement, Adani shares posted notable gains as investors access the fresh circumstances. The White House has announced that all FCPA-related actions will be reviewed, along with new, relaxed enforcement guidelines for future cases. This recent order by Trump comes as India's prime minister, Narendra Modi, is set to visit the US for bilateral talks on February 12. PM Modi would be looking to strengthen US-India relations further, especially as the global trade landscape trembles under Trump's tariffs.

Donald Trump suspends Foreign Corrupt Practices Act (FCPA)

The world's leading consumer goods firms are investing in a once-every-ten years Mahakumbh in the hopes that it will help reverse the slowdown in spending in India. About 450 million people, including farmers, millionaires, office workers, and mystics, will attend the six-week Mahakumbh mela in the northern Indian city of Prayagraj.<o:p></o:p>
The Mahakumbh pilgrimage is being billed as the greatest gathering on earth. The event has attracted a rush of spending from global heavyweights, including Nestle, makers of Pepsi, Coca-Cola, Reliance Industries, Hindustan Unilever, and Reckitt Benckiser Group, the owner of Dettol, among others. Mahakumbh is being touted as the biggest marketing opportunity in the world. The streets leading to the river Ganga, where Hindus believe one may wash away their sins in a dip, are lined with billboards, vendors, and branded resting spots.<o:p></o:p>
<h2>Consumer firms invest big money in Mahakumbh</h2>
Independent brand consultant Harish Bijoor predicted that companies will spend around 36 billion rupees or 310 million dollars on advertising and marketing. Big brands are using India's biggest pilgrimage to lure consumers. However, they have a challenging job ahead as the celebrations come to a close on February 26. The Indian government predicts that the event will inject 23 billion dollars into the flagging economy. While industry observers are sceptical of the massive crowds translating to major sales, this year's event is even more tempting for companies. It is considered exceptionally auspicious owing to a celestial alignment that occurs every 144 years. During the preparation, the state of Uttar Pradesh started constructing bridges, marketplaces, and hospitals months in advance of the event to handle the huge flow of people &mdash; around one-third of India's entire population.&nbsp;Consumer powerhouses are peddling their products to a captive audience in the makeshift tent city along the riverbanks. From branded blankets to resting pods, to ads in temporary restrooms, to mini stores by rapid delivery service firms to community lunches to Instagram video posts for branding to mobile ATMs and Kumbh-labelled debit cards, companies are using the event for marketing their products in a significant way. Dolat capital market analyst Sachin Bobade remarked that companies go there to reach a massive audience. He predicted a small but noticeable increase in demand. Bobade said, "There's a fear of missing out on Kumbh. Overall market conditions aren't great. There will be some demand uplift, but it will not be major." he added, "The slowdown is a bit dramatic. We will need six maha Kumbhs to...lift demand." The government, though, hopes the religious gathering helps the economy out of a slump. The big spending by large corporations focussing on branding during the event does provide significant optimism.
&nbsp;
(With the inputs from the agencies)<o:p></o:p>

Business & Economy: Mahakumbh has attracted a rush of spending from global heavyweights, including Nestle, makers of Pepsi, Coca-Cola, Reliance Industries, Hindustan Unilever, and Reckitt Benckiser Group, the owner of Dettol, among others.

The world's leading consumer goods firms are investing in a once-every-ten years Mahakumbh in the hopes that it will help reverse the slowdown in spending in India. About 450 million people, including farmers, millionaires, office workers, and mystics, will attend the six-week Mahakumbh mela in the northern Indian city of Prayagraj. The Mahakumbh pilgrimage is being billed as the greatest gathering on earth. The event has attracted a rush of spending from global heavyweights, including Nestle, makers of Pepsi, Coca-Cola, Reliance Industries, Hindustan Unilever, and Reckitt Benckiser Group, the owner of Dettol, among others. Mahakumbh is being touted as the biggest marketing opportunity in the world. The streets leading to the river Ganga, where Hindus believe one may wash away their sins in a dip, are lined with billboards, vendors, and branded resting spots. Consumer firms invest big money in Mahakumbh Independent brand consultant Harish Bijoor predicted that companies will spend around 36 billion rupees or 310 million dollars on advertising and marketing. Big brands are using India's biggest pilgrimage to lure consumers. However, they have a challenging job ahead as the celebrations come to a close on February 26. The Indian government predicts that the event will inject 23 billion dollars into the flagging economy. While industry observers are sceptical of the massive crowds translating to major sales, this year's event is even more tempting for companies. It is considered exceptionally auspicious owing to a celestial alignment that occurs every 144 years. During the preparation, the state of Uttar Pradesh started constructing bridges, marketplaces, and hospitals months in advance of the event to handle the huge flow of people — around one-third of India's entire population. Consumer powerhouses are peddling their products to a captive audience in the makeshift tent city along the riverbanks. From branded blankets to resting pods, to ads in temporary restrooms, to mini stores by rapid delivery service firms to community lunches to Instagram video posts for branding to mobile ATMs and Kumbh-labelled debit cards, companies are using the event for marketing their products in a significant way. Dolat capital market analyst Sachin Bobade remarked that companies go there to reach a massive audience. He predicted a small but noticeable increase in demand. Bobade said, "There's a fear of missing out on Kumbh. Overall market conditions aren't great. There will be some demand uplift, but it will not be major." he added, "The slowdown is a bit dramatic. We will need six maha Kumbhs to...lift demand." The government, though, hopes the religious gathering helps the economy out of a slump. The big spending by large corporations focussing on branding during the event does provide significant optimism. (With the inputs from the agencies)

Mahakumbh to add $23 billion to India's economy

India's capital is all set to host the third edition of India Energy Week. The flagship energy event of the government of India is being held at the Yashobhoomi convention centre in Dwarka.
The global gathering will convene energy leaders, policymakers, and innovators from around the world to address the energy sector's most pressing challenges and drive actionable solutions for a sustainable future. Building on the success of the past two editions, the third edition is set to establish the event as a pivotal meeting place for the global energy industry.&nbsp;
This comes as India's prime minister Narendra Modi is in France to attend the AI summit in Paris. While addressing the gathering, he highlighted the country's growing energy ambitions, &nbsp;saying that India aims to produce 5 million metric tonnes of green hydrogen annually by 2030. India has also set the target of 500 GW from non-fossil fuel sources.
<h2>Key highlights</h2>
<h2>Scope</h2>
The event boasts of a massive growth in scale and participation. More than 70,000 global delegates are expected to attend the event. More than 500 speakers and 20 foreign energy ministers or their deputies are set to participate in the event.
<h2>Compelling themes</h2>
India's clean cooking fuel scheme, known as the PM Ujjwal Yojana (PMUY) is set to take centre stage. The event is expected to serve as a platform to broaden collaborative efforts for accelerating the global adoption of clean cooking solutions. Broader themes include energy security, just and orderly transitions, collaboration, resilience, capacity building, and digital advancements.
<h2>Youth participation</h2>
Young innovators are set to be part of the 2025 edition of the event. Leading IITs, startup platforms, and 500 students from the Delhi NCR region are set to participate in the event.
 The event is the second-largest energy event globally, in terms of participation, exhibition space, and sessions. Various advancements are expected to be on display, such as Battery storage, Biofuels, and green ammonia.&nbsp;

Business & Economy, Building on the success of the past two editions, the third edition is set to establish the event as a pivotal meeting place for the global energy industry. 

India's capital is all set to host the third edition of India Energy Week. The flagship energy event of the government of India is being held at the Yashobhoomi convention centre in Dwarka. The global gathering will convene energy leaders, policymakers, and innovators from around the world to address the energy sector's most pressing challenges and drive actionable solutions for a sustainable future. Building on the success of the past two editions, the third edition is set to establish the event as a pivotal meeting place for the global energy industry. This comes as India's prime minister Narendra Modi is in France to attend the AI summit in Paris. While addressing the gathering, he highlighted the country's growing energy ambitions, saying that India aims to produce 5 million metric tonnes of green hydrogen annually by 2030. India has also set the target of 500 GW from non-fossil fuel sources. Key highlights Scope The event boasts of a massive growth in scale and participation. More than 70,000 global delegates are expected to attend the event. More than 500 speakers and 20 foreign energy ministers or their deputies are set to participate in the event. Compelling themes India's clean cooking fuel scheme, known as the PM Ujjwal Yojana (PMUY) is set to take centre stage. The event is expected to serve as a platform to broaden collaborative efforts for accelerating the global adoption of clean cooking solutions. Broader themes include energy security, just and orderly transitions, collaboration, resilience, capacity building, and digital advancements. Youth participation Young innovators are set to be part of the 2025 edition of the event. Leading IITs, startup platforms, and 500 students from the Delhi NCR region are set to participate in the event. The event is the second-largest energy event globally, in terms of participation, exhibition space, and sessions. Various advancements are expected to be on display, such as Battery storage, Biofuels, and green ammonia.

India Energy Week 2025: Key highlights and themes

The confidence in inflation that the Federal Reserve had last year has dramatically changed to caution this year. Is US President Donald Trump's trade war truly going to change the game when it comes to inflation? They certainly aren't helping.<o:p></o:p>
It's been a tough start to 2025, with financial markets in chaos on Trump 2.0 policies. Since Trump took over as the US president, his executive orders have ignited jitters across global assets.<o:p></o:p>
<h2>Trade war jitters and inflation in spotlight </h2>
Trump's tariff threats have complicated the Federal Reserve's rate-cut cycle. Just a few months ago, the fed enjoyed a rare moment of confidence. Inflation was becoming more predictable, giving officials the much-needed courage to start cutting rates. That confidence has, unsurprisingly, diminished. Stickier inflation numbers and tariff threats have prematurely put the brakes on the Fed's ambitions to get interest rates back to neutral. But for all the hype, are tariffs really a big deal for inflation? A new report from the Boston Fed concludes that tariffs would have added less than a percentage point to core inflation. That is not big in the scheme of things. But as the fed paper makes clear, it really comes down to how firms respond. Small changes to retail margins can make a surprisingly big difference. Are firms still well-positioned to pass on the full costs of higher tariffs? Consumer spending still looks decent, and presumably, this week's retail sales figures should show a boost as shoppers have front-run tariffs.&nbsp;Away from tariffs, any good US inflation news will boost investor sentiment. Rents have been a major driver of core inflation for a long time now. However, rents have been falling. None of this is to say inflation won't remain elevated this year. Still, it's far from clear how inflationary the president's plans on tariffs and migration will end up. US Inflation will make early headlines this week, with the risk of higher prints for both headline and core measures.&nbsp;Food prices - egg prices in particular - and energy costs have been rising while vehicle prices are grinding higher and housing costs remain sticky. Inflation is likely to remain elevated, and the Fed is unlikely to cut rates before June. Over in Europe, policymakers face a different challenge: higher natural gas prices. Headline inflation is creeping higher, and European surveys on selling prices have started to rise again. Still, none of this seems to faze the European Central Bank, unlike the Fed. But listening to the Bank of England last week, it's clear that the ghosts of the 2022 gas price shock are still haunting officials.&nbsp;Still, trump's ability to surprise markets with new announcements on a multitude of topics will continue to keep participants on edge this week too.
&nbsp;
(With the inputs from the agencies)<o:p></o:p>

Business & Economy: The confidence in inflation that the Federal Reserve had last year has dramatically changed to caution this year. Is US President Donald Trump's trade war truly going to change the game when it comes to inflation?

The confidence in inflation that the Federal Reserve had last year has dramatically changed to caution this year. Is US President Donald Trump's trade war truly going to change the game when it comes to inflation? They certainly aren't helping. It's been a tough start to 2025, with financial markets in chaos on Trump 2.0 policies. Since Trump took over as the US president, his executive orders have ignited jitters across global assets. Trade war jitters and inflation in spotlight Trump's tariff threats have complicated the Federal Reserve's rate-cut cycle. Just a few months ago, the fed enjoyed a rare moment of confidence. Inflation was becoming more predictable, giving officials the much-needed courage to start cutting rates. That confidence has, unsurprisingly, diminished. Stickier inflation numbers and tariff threats have prematurely put the brakes on the Fed's ambitions to get interest rates back to neutral. But for all the hype, are tariffs really a big deal for inflation? A new report from the Boston Fed concludes that tariffs would have added less than a percentage point to core inflation. That is not big in the scheme of things. But as the fed paper makes clear, it really comes down to how firms respond. Small changes to retail margins can make a surprisingly big difference. Are firms still well-positioned to pass on the full costs of higher tariffs? Consumer spending still looks decent, and presumably, this week's retail sales figures should show a boost as shoppers have front-run tariffs. Away from tariffs, any good US inflation news will boost investor sentiment. Rents have been a major driver of core inflation for a long time now. However, rents have been falling. None of this is to say inflation won't remain elevated this year. Still, it's far from clear how inflationary the president's plans on tariffs and migration will end up. US Inflation will make early headlines this week, with the risk of higher prints for both headline and core measures. Food prices - egg prices in particular - and energy costs have been rising while vehicle prices are grinding higher and housing costs remain sticky. Inflation is likely to remain elevated, and the Fed is unlikely to cut rates before June. Over in Europe, policymakers face a different challenge: higher natural gas prices. Headline inflation is creeping higher, and European surveys on selling prices have started to rise again. Still, none of this seems to faze the European Central Bank, unlike the Fed. But listening to the Bank of England last week, it's clear that the ghosts of the 2022 gas price shock are still haunting officials. Still, trump's ability to surprise markets with new announcements on a multitude of topics will continue to keep participants on edge this week too. (With the inputs from the agencies)

Cues to watch in the week ahead

The US Economy post the pandemic is anything but a miracle as economic activity keeps chugging along. Data on Friday showed the US workforce expanded in a significant fashion last month.
However, there's a big problem just below the surface, and it's only getting bigger: debt. Outstanding household debt in the United States reached a new high in December. This is due to record-high growth in credit.
Federal Reserve figures issued on Friday showed a total credit increase of 40.8 billion dollars last month. That number &mdash; which does not account for inflation &mdash; surpassed all expectations in a Bloomberg poll.
<h2>US household debt surges</h2>
Last month saw a 22.9 billion dollar increase in outstanding revolving debt, including credit card debt. That more than makes up for November's decrease.&nbsp;There was a record-breaking 18 billion dollar increase in non-revolving credit, which includes loans for things like vehicles and school tuition.
Additionally, the delinquency rate has increased. About 1.8 per cent of accounts were overdue, and 3.5 per cent of card balances were 30 days or more past the due date.
Both those delinquency figures are more than double the post-pandemic lows in 2021. This comes even as the jobs figures were better than what most analysts had feared.&nbsp;The data, for now, cements bet the fed will be on an extended pause until the second half of 2025. January's job creation numbers were excellent.
However, ongoing worries about the quality of jobs being added still linger. Analysts call out that job creation is not in the traditional economic growth engine sectors but more part-time and low-paying jobs.
(With inputs from the agencies)

Business & Economy: Data on Friday showed the US workforce expanded in a significant fashion last month. However, there's a big problem just below the surface: debt.

The US Economy post the pandemic is anything but a miracle as economic activity keeps chugging along. Data on Friday showed the US workforce expanded in a significant fashion last month. However, there's a big problem just below the surface, and it's only getting bigger: debt. Outstanding household debt in the United States reached a new high in December. This is due to record-high growth in credit. Federal Reserve figures issued on Friday showed a total credit increase of 40.8 billion dollars last month. That number — which does not account for inflation — surpassed all expectations in a Bloomberg poll. US household debt surges Last month saw a 22.9 billion dollar increase in outstanding revolving debt, including credit card debt. That more than makes up for November's decrease. There was a record-breaking 18 billion dollar increase in non-revolving credit, which includes loans for things like vehicles and school tuition. Additionally, the delinquency rate has increased. About 1.8 per cent of accounts were overdue, and 3.5 per cent of card balances were 30 days or more past the due date. Both those delinquency figures are more than double the post-pandemic lows in 2021. This comes even as the jobs figures were better than what most analysts had feared. The data, for now, cements bet the fed will be on an extended pause until the second half of 2025. January's job creation numbers were excellent. However, ongoing worries about the quality of jobs being added still linger. Analysts call out that job creation is not in the traditional economic growth engine sectors but more part-time and low-paying jobs. (With inputs from the agencies)

US consumer debt surges by the most on record

US President Donald Trump's pledge to implement universal tariffs on all steel and aluminium imports caused commodity currencies, Asian stocks, and cryptos to decline. Markets are set for a risk-off session on Monday as investors remain apprehensive about the escalating trade tensions.<o:p></o:p>
Trump's remarks came just after German chancellor Olaf Scholz's assertion that the European Union was prepared to retaliate "within an hour" should the US impose tariffs on European imports.<o:p></o:p>
And, with no indication of progress between Beijing and Washington, China&rsquo;s retaliatory tariffs on some US exports are set to take effect on Monday. Markets are jittery as tariffs are likely to drive up inflation and further restrict the Federal Reserve's ability to ease monetary policy.<o:p></o:p>
<h2 class="MsoNormal">Stocks, currencies slide on tariff jitters<o:p></o:p></h2>
According to experts, the nations whose currencies Trump is targeting will likely see a decline in value versus the dollar. Investors reacted by pushing the dollar higher. The Australian and Canadian dollars and the Norwegian krone declined after Trump's comments.<o:p></o:p>
Tariff risks are expected to weigh on the Indian rupee further after the Reserve Bank of India cut rates for the first time since May 2020. The rupee closed at 87.43 on Friday, near its all-time low of 87.58. The Indian currency fell nearly 1 per cent for the week, its worst weekly decline since December 2022.<o:p></o:p>
The Asian MSCI stocks gauge fell by the most in a week, weighed down by Japan's Nikkei and South Korea&rsquo;s index. However, Hong Kong and Chinese shares were buoyed by tech stocks. Futures point to lower open in Europe and Wall Street.<o:p></o:p>
In commodities, gold is edging towards a new record. The bullion was last trading around 2,860 dollars per ounce after hitting a new high of 2,886 dollars last week. Even while the dollar is strong, gold prices have risen to record highs, propelled in part by speculation that Trump may slap import taxes on the precious metal.<o:p></o:p>
On the other hand, oil prices have taken a beating due to concerns that a trade war may slow down the world economy and reduce energy demand. Still, the market was due a bounce and ticked higher on Monday after three weeks of losses. The benchmark Brent crude was trading just above 75 dollars a barrel.<o:p></o:p>
(With inputs from the agencies)<o:p></o:p>

Business & Economy:  US President Donald Trump's pledge to implement universal tariffs on all steel and aluminium imports caused commodity currencies, Asian stocks, and cryptos to decline.

US President Donald Trump's pledge to implement universal tariffs on all steel and aluminium imports caused commodity currencies, Asian stocks, and cryptos to decline. Markets are set for a risk-off session on Monday as investors remain apprehensive about the escalating trade tensions. Trump's remarks came just after German chancellor Olaf Scholz's assertion that the European Union was prepared to retaliate "within an hour" should the US impose tariffs on European imports. And, with no indication of progress between Beijing and Washington, China’s retaliatory tariffs on some US exports are set to take effect on Monday. Markets are jittery as tariffs are likely to drive up inflation and further restrict the Federal Reserve's ability to ease monetary policy. Stocks, currencies slide on tariff jitters According to experts, the nations whose currencies Trump is targeting will likely see a decline in value versus the dollar. Investors reacted by pushing the dollar higher. The Australian and Canadian dollars and the Norwegian krone declined after Trump's comments. Tariff risks are expected to weigh on the Indian rupee further after the Reserve Bank of India cut rates for the first time since May 2020. The rupee closed at 87.43 on Friday, near its all-time low of 87.58. The Indian currency fell nearly 1 per cent for the week, its worst weekly decline since December 2022. The Asian MSCI stocks gauge fell by the most in a week, weighed down by Japan's Nikkei and South Korea’s index. However, Hong Kong and Chinese shares were buoyed by tech stocks. Futures point to lower open in Europe and Wall Street. In commodities, gold is edging towards a new record. The bullion was last trading around 2,860 dollars per ounce after hitting a new high of 2,886 dollars last week. Even while the dollar is strong, gold prices have risen to record highs, propelled in part by speculation that Trump may slap import taxes on the precious metal. On the other hand, oil prices have taken a beating due to concerns that a trade war may slow down the world economy and reduce energy demand. Still, the market was due a bounce and ticked higher on Monday after three weeks of losses. The benchmark Brent crude was trading just above 75 dollars a barrel. (With inputs from the agencies)

Global markets roundup: Stocks slide on tariff jitters

Jamieson Greer, former chief of staff to Trump’s trade representative, has backed universal tariffs to curb offshoring and trade deficits. At his Senate confirmation hearing, Greer emphasized the need for a 'level playing field' for American workers and a 'robust manufacturing base.'

Trump's trade pick backs universal tariffs

US President Donald Trump’s administration ended the section 321 de minimis exemption, which had allowed low-value shipments—under $800—from China to enter the US Duty-free. The sudden removal of this loophole is set to affect millions of shipments from Chinese e-commerce giants, who together account for 30 percent of these direct-to-consumer shipments.

Trump ends de minimis loophole: US consumers brace for rising costs

The yen touched an eight-week high versus the dollar on Thursday after a Bank of Japan policy board member advocated continued interest rate hikes, while sterling slid as the Bank of England cut rates.
The pound fell sharply after the Bank of England cut interest rates as expected, but forecast higher inflation and weaker growth, with two officials calling for an even larger rate cut.&nbsp;
Sterling later pared some of those losses, having touched a one-month high on Wednesday. It was last down 0.54% at $1.2438.
Money markets now price in around 67 basis points of further BoE easing by the end of the year.
"The pound's losses may prove somewhat limited: the services-driven British economy is largely sheltered against trade war risks," Karl Schamotta, chief market strategist with payments company Corpay in Toronto, said in a research note.
The dollar index was up against a basket of peers at 107.69, but it still hovered near the lowest level since the start of last week, with investors beginning to entertain prospects that a global trade war could be averted.
In the absence of tariff headlines, markets looked ahead to the release on Friday of key U.S. monthly payrolls figures, the next major test for the U.S. monetary policy outlook.
The dollar index hit a two-year high of 110.17 on January 13, but has since retreated 2%.
"Driving this correction have been several factors, the largest of which has probably been this week's tariff news, where it looks like the Trump administration has been using tariffs for transactional not ideological purposes," said Chris Turner, global head of markets at ING.
U.S. President Donald Trump suspended planned tariff measures against Mexico and Canada this week, but imposed additional 10% levies on imports from China.
YEN STRENGTH
The yen strengthened as far as 151.81 per dollar - the strongest level since December 12 - in the Tokyo morning, after the BOJ's Naoki Tamura said the central bank must raise rates to at least 1% or so in the latter half of fiscal 2025 with upward risks to prices rising.
Japan's currency was last changing hands at 151.335 per dollar, up 0.82% on the previous day, paring some of the early gains after Tamura clarified that he didn't mean that the neutral rate should be 1%.
"There seems to be a good amount of yen buying pressure today (Thursday). Not really sure what's driving that, but it's been very correlated to rates, and that's breaking down just a little bit today," said Brad Bechtel, global head of FX at Jefferies in New York.
The market is currently pricing in a quarter-percentage-point BOJ rate hike by September.
"Tamura is known to be on the hawkish side," although his comments initially "fired up yen longs," said Shoki Omori, chief global desk strategist at Mizuho Securities.
Conversely, a quarter-percentage-point rate cut by the Federal Reserve is fully priced in for July, with markets expecting a total of 46 basis points of reductions by the December meeting, according to LSEG data.&nbsp;
U.S. Treasury Secretary Scott Bessent said on Wednesday that while Trump wants lower interest rates, he will not ask the Fed to cut rates.
Canada's loonie was at C$1.431 versus its U.S. counterpart after rising to the highest level since December 17 at C$1.4270 overnight. The Mexican peso was down 0.45% at 20.474 per dollar.
The euro edged down 0.19% to $1.0382.
Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

In the absence of tariff headlines, markets looked ahead to the release on Friday of key U.S. monthly payrolls figures, the next major test for the U.S. monetary policy outlook.

The yen touched an eight-week high versus the dollar on Thursday after a Bank of Japan policy board member advocated continued interest rate hikes, while sterling slid as the Bank of England cut rates. The pound fell sharply after the Bank of England cut interest rates as expected, but forecast higher inflation and weaker growth, with two officials calling for an even larger rate cut. Sterling later pared some of those losses, having touched a one-month high on Wednesday. It was last down 0.54% at $1.2438. Money markets now price in around 67 basis points of further BoE easing by the end of the year. "The pound's losses may prove somewhat limited: the services-driven British economy is largely sheltered against trade war risks," Karl Schamotta, chief market strategist with payments company Corpay in Toronto, said in a research note. The dollar index was up against a basket of peers at 107.69, but it still hovered near the lowest level since the start of last week, with investors beginning to entertain prospects that a global trade war could be averted. In the absence of tariff headlines, markets looked ahead to the release on Friday of key U.S. monthly payrolls figures, the next major test for the U.S. monetary policy outlook. The dollar index hit a two-year high of 110.17 on January 13, but has since retreated 2%. "Driving this correction have been several factors, the largest of which has probably been this week's tariff news, where it looks like the Trump administration has been using tariffs for transactional not ideological purposes," said Chris Turner, global head of markets at ING. U.S. President Donald Trump suspended planned tariff measures against Mexico and Canada this week, but imposed additional 10% levies on imports from China. YEN STRENGTH The yen strengthened as far as 151.81 per dollar - the strongest level since December 12 - in the Tokyo morning, after the BOJ's Naoki Tamura said the central bank must raise rates to at least 1% or so in the latter half of fiscal 2025 with upward risks to prices rising. Japan's currency was last changing hands at 151.335 per dollar, up 0.82% on the previous day, paring some of the early gains after Tamura clarified that he didn't mean that the neutral rate should be 1%. "There seems to be a good amount of yen buying pressure today (Thursday). Not really sure what's driving that, but it's been very correlated to rates, and that's breaking down just a little bit today," said Brad Bechtel, global head of FX at Jefferies in New York. The market is currently pricing in a quarter-percentage-point BOJ rate hike by September. "Tamura is known to be on the hawkish side," although his comments initially "fired up yen longs," said Shoki Omori, chief global desk strategist at Mizuho Securities. Conversely, a quarter-percentage-point rate cut by the Federal Reserve is fully priced in for July, with markets expecting a total of 46 basis points of reductions by the December meeting, according to LSEG data. U.S. Treasury Secretary Scott Bessent said on Wednesday that while Trump wants lower interest rates, he will not ask the Fed to cut rates. Canada's loonie was at C$1.431 versus its U.S. counterpart after rising to the highest level since December 17 at C$1.4270 overnight. The Mexican peso was down 0.45% at 20.474 per dollar. The euro edged down 0.19% to $1.0382. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Yen hits 8-week high, sterling drops after Bank of England rate cut

The Securities and Exchange Board of India (SEBI) has taken regulatory action against Asmita Patel, a stock market trader and educator, over allegations of unregistered investment advisory services, misleading claims, and regulatory violations. Patel, often referred to as the &ldquo;She-Wolf&rdquo; of the stock market, is under investigation for her trading practices and the financial gains made through her stock market courses, said a report by Economic Times.
<h2 class="p2">SEBI&rsquo;s Investigation and Findings</h2>
SEBI&rsquo;s inquiry into Patel&rsquo;s activities focuses on claims that she provided investment advice without the necessary regulatory approvals. Her stock market training programs, including courses such as LMIT and MPAT, reportedly promised high returns, with some claims suggesting returns of up to 300 per cent. However, SEBI&rsquo;s findings indicate discrepancies between these claims and her actual trading performance.
According to SEBI, Patel and her company, Asmita Patel Global School of Trading Pvt Ltd, made a net profit of Rs 12,28,365 from trading between 2019-20 and January 2024, said a report by Moneycontrol. This figure contrasts with her assertions of managing a Rs 140 crore portfolio through a proprietary trading system.
The investigation further revealed that the total trading volume generated by accounts held by Patel and her company during the period from August 26, 2019, to January 31, 2024, amounted to Rs 152.79 crore. SEBI&rsquo;s findings also noted claims made during her courses that she was managing Rs 283 crore in funds, which the regulator deemed baseless.
<blockquote class="twitter-tweet publive-iframes-block publive-Twitter-block" contenteditable="false" width="600" height="400" id="PL_blockquote_block-m6unbt1u-2ekznqnj-b17m702l">
SEBI has seized Rs 53.67 crore that Asmita Patel and five other related entities made illegally. Asmita Patel is also at risk of losing another Rs 104.6 crore it collected from course fees, which SEBI believes were part of unregistered advisory services. <a href="https://t.co/o7e8U1vOZ1">pic.twitter.com/o7e8U1vOZ1</a>
&mdash; Jayesh Thakkar (SEBI Registered RA) (@intradaygeeks) <a href="https://twitter.com/intradaygeeks/status/1887718256552685912?ref_src=twsrc%5Etfw">February 7, 2025</a></blockquote>
<h2 class="p2">Financial Impact and Regulatory Action</h2>
As part of its interim order issued on February 6, SEBI has impounded approximately Rs 54 crore in alleged illegal gains linked to Patel, her company, and three other entities. Additionally, all six entities involved have been asked to justify why the regulator should not seize the Rs 104.6 crore collected as course fees.
SEBI&rsquo;s action against Patel is part of a broader effort to regulate unregistered financial advisors and protect retail investors from misleading investment guidance.
Also read: <a href="https://www.wionews.com/business-economy/global-markets-stay-resilient-amid-uncertainties-8695356">Global markets stay resilient amid uncertainties</a>
<h2 class="p2">Investor Reactions and SEBI&rsquo;s Warning</h2>
Patel has built a significant following on social media, where many retail investors relied on her insights. SEBI&rsquo;s probe has led to uncertainty among her followers, with some expressing concerns over investments made based on her recommendations. Financial experts continue to advise caution, urging investors to seek guidance from SEBI-registered advisors and verify claims before making investment decisions.
Asmita Patel has not yet issued an official statement in response to SEBI&rsquo;s findings. Legal experts suggest she may challenge the regulatory action, potentially leading to a prolonged legal process. Meanwhile, SEBI maintains its focus on strengthening oversight and enforcement to ensure compliance within India&rsquo;s financial markets.

Asmita Patel, often referred to as the “She-Wolf” of the stock market, is under investigation for her trading practices and the financial gains made through her stock market courses.

The Securities and Exchange Board of India (SEBI) has taken regulatory action against Asmita Patel, a stock market trader and educator, over allegations of unregistered investment advisory services, misleading claims, and regulatory violations. Patel, often referred to as the “She-Wolf” of the stock market, is under investigation for her trading practices and the financial gains made through her stock market courses, said a report by Economic Times. SEBI’s Investigation and Findings SEBI’s inquiry into Patel’s activities focuses on claims that she provided investment advice without the necessary regulatory approvals. Her stock market training programs, including courses such as LMIT and MPAT, reportedly promised high returns, with some claims suggesting returns of up to 300 per cent. However, SEBI’s findings indicate discrepancies between these claims and her actual trading performance. According to SEBI, Patel and her company, Asmita Patel Global School of Trading Pvt Ltd, made a net profit of Rs 12,28,365 from trading between 2019-20 and January 2024, said a report by Moneycontrol. This figure contrasts with her assertions of managing a Rs 140 crore portfolio through a proprietary trading system. The investigation further revealed that the total trading volume generated by accounts held by Patel and her company during the period from August 26, 2019, to January 31, 2024, amounted to Rs 152.79 crore. SEBI’s findings also noted claims made during her courses that she was managing Rs 283 crore in funds, which the regulator deemed baseless. SEBI has seized Rs 53.67 crore that Asmita Patel and five other related entities made illegally. Asmita Patel is also at risk of losing another Rs 104.6 crore it collected from course fees, which SEBI believes were part of unregistered advisory services. pic.twitter.com/o7e8U1vOZ1 — Jayesh Thakkar (SEBI Registered RA) (@intradaygeeks) February 7, 2025 Financial Impact and Regulatory Action As part of its interim order issued on February 6, SEBI has impounded approximately Rs 54 crore in alleged illegal gains linked to Patel, her company, and three other entities. Additionally, all six entities involved have been asked to justify why the regulator should not seize the Rs 104.6 crore collected as course fees. SEBI’s action against Patel is part of a broader effort to regulate unregistered financial advisors and protect retail investors from misleading investment guidance. Also read: Global markets stay resilient amid uncertainties Investor Reactions and SEBI’s Warning Patel has built a significant following on social media, where many retail investors relied on her insights. SEBI’s probe has led to uncertainty among her followers, with some expressing concerns over investments made based on her recommendations. Financial experts continue to advise caution, urging investors to seek guidance from SEBI-registered advisors and verify claims before making investment decisions. Asmita Patel has not yet issued an official statement in response to SEBI’s findings. Legal experts suggest she may challenge the regulatory action, potentially leading to a prolonged legal process. Meanwhile, SEBI maintains its focus on strengthening oversight and enforcement to ensure compliance within India’s financial markets.

'Rs 54 crore seized': SEBI bans finfluencer 'She-Wolf' from trading in Indian stock markets

In line with market expectations, the Reserve Bank of India's Monetary Policy Committee (MPC) cut the key repo rate by 0.25 per cent to 6.25 per cent. This is the first rate cut in nearly 5 years and signals a shift in the central bank's policy to aid economic growth. Before this move, the RBI had kept the repo rate steady at 6.5 per cent for 11 straight meetings. RBI also raised India's GDP growth projection to 6.7 per cent from the previous estimate of 6.6 per cent.
<h2>RBI maintains a neutral policy stance</h2>
RBI's newly elected governor, Sanjay Malhotra, expressed optimism in the country's growth outlook, citing moderating inflation as a key factor. RBI also revised its inflation forecast for the next fiscal year to 4.2 per cent. According to Malhotra, rural consumption continues to improve, but urban consumption remains subdued. He emphasised that government policy support remains crucial for sustaining economic momentum. He also hailed the recent tax cuts announced in the budget as a major boost to household consumption.
<h2>Markets react with caution</h2>
Indian markets saw a muted response despite the rate cut. Investors also reacted to the moderate growth outlook for the next fiscal year. Analysts cite concerns over global economic uncertainty and domestic consumption trends as major factors that continue to weigh on sentiment.&nbsp;
Adhil Shetty, CEO of Bankbazaar.com reacted to the rate cut and said, 'The repo rate cut after 2 years is hugely welcome, and we congratulate Governor Malhotra on beginning his term with a bang. With the tax rate cuts earlier this month, the salaried and the middle class have received a double boost to tackle inflation and boost household savings.&nbsp;
He further explained, 'If you have a 20-year home loan at a rate of 8.75 per cent and had paid 12 EMIs by March, with a rate cut of 25 bps kicking in from April, your interest savings will improve by ₹8417 per lakh. For example, on a loan of ₹50 lakh, you&rsquo;ll save ₹4.20 lakh at this rate, with 10 EMIs being shaved off the loan tenure, all other parameters remaining constant.'
BankBazaar recommends that, 'borrowers with good credit scores seek more aggressive payment options like refinancing to a rate lower by 50 bps or more. If they keep the EMI constant with a lower rate &mdash; let&rsquo;s say 8.25 per cent &mdash; they will secure per-lakh savings of ₹14,480 over the remaining tenor. These savings of nearly 15 per cent per lakh are substantial. Assuming the rate kicks in from April 1 after 12 EMIs of this loan have been paid, we get per-lakh interest savings of ₹3002 from the rest of the year. On a loan of ₹50 lakh, this implies savings of ₹1.50 lakh for the second year of the loan. Now, if we see these savings in the backdrop of additional savings from income tax slab hikes, a salaried individual can have substantial gains for FY25-25. For instance, A salaried person with a gross income of ₹25 lakh and a home loan of ₹50 lakh (20 years, 9%, 12 EMIs paid by March 2025) can hope to save a total of ₹1.37 lakh in FY2025-26 or ₹11,461 per month. This will be through a combination of interest savings on the home loan rate reduction of 25 BPS and the tax savings from higher tax slabs from April 1.'

Business & Economy, Before this move, the RBI had kept the repo rate steady at 6.5 per cent for 11 straight meetings. RBI also raised India's GDP growth projection.

In line with market expectations, the Reserve Bank of India's Monetary Policy Committee (MPC) cut the key repo rate by 0.25 per cent to 6.25 per cent. This is the first rate cut in nearly 5 years and signals a shift in the central bank's policy to aid economic growth. Before this move, the RBI had kept the repo rate steady at 6.5 per cent for 11 straight meetings. RBI also raised India's GDP growth projection to 6.7 per cent from the previous estimate of 6.6 per cent. RBI maintains a neutral policy stance RBI's newly elected governor, Sanjay Malhotra, expressed optimism in the country's growth outlook, citing moderating inflation as a key factor. RBI also revised its inflation forecast for the next fiscal year to 4.2 per cent. According to Malhotra, rural consumption continues to improve, but urban consumption remains subdued. He emphasised that government policy support remains crucial for sustaining economic momentum. He also hailed the recent tax cuts announced in the budget as a major boost to household consumption. Markets react with caution Indian markets saw a muted response despite the rate cut. Investors also reacted to the moderate growth outlook for the next fiscal year. Analysts cite concerns over global economic uncertainty and domestic consumption trends as major factors that continue to weigh on sentiment. Adhil Shetty, CEO of Bankbazaar.com reacted to the rate cut and said, 'The repo rate cut after 2 years is hugely welcome, and we congratulate Governor Malhotra on beginning his term with a bang. With the tax rate cuts earlier this month, the salaried and the middle class have received a double boost to tackle inflation and boost household savings. He further explained, 'If you have a 20-year home loan at a rate of 8.75 per cent and had paid 12 EMIs by March, with a rate cut of 25 bps kicking in from April, your interest savings will improve by ₹8417 per lakh. For example, on a loan of ₹50 lakh, you’ll save ₹4.20 lakh at this rate, with 10 EMIs being shaved off the loan tenure, all other parameters remaining constant.' BankBazaar recommends that, 'borrowers with good credit scores seek more aggressive payment options like refinancing to a rate lower by 50 bps or more. If they keep the EMI constant with a lower rate — let’s say 8.25 per cent — they will secure per-lakh savings of ₹14,480 over the remaining tenor. These savings of nearly 15 per cent per lakh are substantial. Assuming the rate kicks in from April 1 after 12 EMIs of this loan have been paid, we get per-lakh interest savings of ₹3002 from the rest of the year. On a loan of ₹50 lakh, this implies savings of ₹1.50 lakh for the second year of the loan. Now, if we see these savings in the backdrop of additional savings from income tax slab hikes, a salaried individual can have substantial gains for FY25-25. For instance, A salaried person with a gross income of ₹25 lakh and a home loan of ₹50 lakh (20 years, 9%, 12 EMIs paid by March 2025) can hope to save a total of ₹1.37 lakh in FY2025-26 or ₹11,461 per month. This will be through a combination of interest savings on the home loan rate reduction of 25 BPS and the tax savings from higher tax slabs from April 1.'

RBI cuts repo rate to 6.25%, first cut in 5 years