The culprit behind stubbornly high U.S. inflation isn’t runaway demand but tariffs on imported goods, Federal Reserve Chair Jerome Powell declared Wednesday. This comes as international markets watch Washington’s trade maneuvers with bated breath. Powell dissected recent data, noting goods prices have borne the brunt of tariff effects, while services inflation cools steadily. The FOMC opted to maintain rates at 3.5-3.75%, a prudent hold as inflation hovers above 2%. ‘Tariffs typically cause a one-off price jump,’ Powell explained, suggesting the bulk of impacts have passed, with pressures set to wane. December’s core PCE hit 3.0%, headline 2.9%, but expectations stay…
Author: News Analysis India
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The Delhi High Court has refused to entertain IRS officer Sameer Wankhede’s lawsuit targeting the controversial web series ‘The Bad Boys of Bollywood’ produced by Shahrukh Khan’s banner and streamed on Netflix. In a swift order, Justice Purushendra Kaurav directed the plaint to be returned to the filer for presentation before the competent court. Central to Wankhede’s grievance is the series’ alleged malicious portrayal of his tenure as NCB zonal director, which he says not only humiliated him personally but also maligned his family and the agency’s credibility. The former Mumbai top cop accused the makers of injecting biased, derogatory…
In a momentous occasion for Indian democracy, Prime Minister Narendra Modi celebrated Finance Minister Nirmala Sitharaman’s achievement of presenting the central budget for the ninth time in a row. ‘This is a moment of immense pride in our parliamentary annals,’ Modi declared on Thursday, spotlighting her as the pioneer woman finance minister to reach this mark. The announcement came just before the Economic Survey 2026 was laid in Parliament. Modi underscored the temporal context: ‘We’ve covered one-fourth of this century; the second quarter begins now. With Viksit Bharat 2047 in sight, these 25 years demand extraordinary resolve.’ The forthcoming budget…
In a shocking development, Bollywood heartthrob Ranveer Singh finds himself in legal trouble after an FIR was lodged against him in Bengaluru. The charges stem from his stage performance at the IFFI, where he allegedly disrespected Chavundi Daiva, a sacred folk deity worshipped fervently in Karnataka’s coastal belt. Lawyer Prashant Methal approached the High Grounds police station, detailing how Singh enacted a scene from ‘Kantara: Chapter 1’ that demeaned the deity. Organizers had explicitly asked him not to perform it, citing its religious significance, but the actor proceeded, labeling the divine figure as a ‘bhoot’ or ghost. This has ignited…
The veil has lifted on the shocking assassination of Soma Munda, the revered Padha Raja of Jharkhand’s Khunti district. Police disclosures paint a picture of betrayal, revenge, and ruthless land greed behind the January 7, 2026, killing that sent ripples through tribal communities. Six individuals, led by shooter Marcus Sanga, are now behind bars. At just 20, Marcus’s backstory adds a layer of tragedy: a former pupil at Munda’s school, expelled in 2022, he channeled his resentment into murder for a 50,000-rupee contract. Land businessman Daniel Sanga masterminded the conspiracy, exploiting Marcus’s anger by supplying cash and a weapon. Daniel’s…
In a no-nonsense rebuttal to the escalating UGC guidelines controversy, Uttar Pradesh Minister Om Prakash Rajbhar has advised the general category protesters to seek judicial recourse if they lack faith in the administration. The statement comes against the backdrop of widespread discontent over the commission’s latest directives. ‘UGC’s committee included 17 general category members who contributed their views. The law is in place; if anyone finds flaws, we’ll form a committee for a quick 15-day review and fix issues,’ Rajbhar told IANS, exuding confidence in the system’s transparency. He invoked the past to bolster his argument, reminiscing about the backward…
Delhi’s Rouse Avenue Court has issued a stern directive to the Lalu Prasad Yadav family in the ongoing Land for Jobs case, mandating their personal presence for charge framing. The accused include Lalu, Rabri Devi, Tejashwi, and Tej Pratap Yadav. Exemptions were requested on grounds of age and health, but the judge provided a window from February 1 to 25 for compliance, insisting on prior notification. Misa Bharti and Hema Yadav attended the proceedings and rejected the charges outright, signaling a prolonged courtroom showdown. Trial proceedings kick off March 9, promising intense scrutiny of the scam where prime land was…
The Smithsonian’s National Museum of Asian Art is handing back three ancient bronzes illicitly taken from Tamil Nadu temples, spotlighting a triumph in cultural restitution. Dating from the Chola dynasty to Vijayanagara era, the artifacts feature Shiva as the cosmic dancer Nataraja (circa 990 AD), the divine family Somaskanda (12th century), and poet-saint Sundarar with consort Paravai (16th century). Once paraded in temple festivals, these bronzes represent South India’s golden age of metallurgy and devotion. Wednesday’s revelation follows exhaustive probes, including 2023 matches with Pondicherry’s French Institute photo archives showing the idols in situ from 1956-1959. India’s ASI validated the…
A wave of terror swept through Delhi’s education hubs Thursday when several schools got bomb threats through mysterious emails and phone calls. Institutions like Amity School and Birla Vidya Niketan were among the targets, leading to immediate lockdowns and comprehensive sweeps by security forces. Eyewitnesses described scenes of organized chaos as children and faculty were ushered out safely while expert teams combed every corner. Bomb squads, fire services, medical teams, and police swarmed the areas, leaving no stone unturned in their quest for potential dangers. ‘Safety first,’ declared police spokespersons, assuring the public that the situation is under complete control.…
The Budget session of Parliament commenced Thursday in New Delhi, setting the stage for high-stakes debates and policy announcements. Prime Minister Narendra Modi seized the moment to speak to the media, framing his administration’s philosophy around ‘Reform, Perform, and Transform’ as its hallmark. Drawing from President Murmu’s Wednesday address, Modi expressed optimism about parliamentary cooperation. ‘Her guidance is vital, and I trust all members will contribute constructively,’ he remarked, highlighting the session’s unique significance amid national priorities. India’s global appeal was a key theme. Modi portrayed the nation as an emerging powerhouse, with the India-EU Free Trade Agreement as a…