Net household financial savings in India improved from 5% of GDP in FY23 to 5.3% in FY24, and early indicators suggest a sharp rebound in the first half of FY25. This upturn is attributed to reduced household liabilities, boosted insurance savings, lower currency holdings, and robust capital market investments. Household debt also increased, reaching 41% of GDP in FY24.
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Pawan Kumar Goenka has been selected for the Padma Shri award for his significant contributions to the space sector and automotive industry. He is the chairman of INSPACe and the Steering Committee for Advancing Local value-add and Employment (SCALE). Goenka’s efforts have immensely impacted India's positioning in the global space landscape.
Pakistan is poised to host the 2025 Champions Trophy, marking the country's first ICC event in nearly three decades. With strong batting and pace attacks, the team, led by Mohammad Rizwan, aims to defend its title amid high expectations and the excitement of home ground advantage. Cricket fever is set to sweep across Pakistan once again, despite the nation’s struggles with financial and political turmoil.
Shariful Fakir, a Bangladeshi national, is seeking bail for his alleged attack on actor Saif Ali Khan, claiming the charges are false. His face matched CCTV footage from Khan's residence. Fakir purportedly quit his job and attempted a burglary leading to the incident.
A Jeju Air flight from Bangkok crashed at Muan International Airport in South Korea, likely due to bird strike and adverse weather. The Boeing 737-800 exploded and skidded on the runway, leaving only the tail section recognisable. Authorities rescued two critically injured crew members. Investigations are underway, with government and airline pledging support.
US Vice President JD Vance criticized European nations for curtailing free speech and insufficient defense spending. At the Munich security conference, Vance specifically condemned Romania's election annulment and the UK's arrest of a man for praying near an abortion clinic.
Rohit Sharma will not lead Team India in the final Test against Australia due to his poor form with the bat. KL Rahul and Yashasvi Jaiswal are set to open, while Jasprit Bumrah will captain the team. Shubman Gill returns, and all-rounders Jadeja and Washington Sundar retain their spots. The SCG Test lineup aims to revive India’s fortunes.
Tottenham's 1-0 win over Manchester United, thanks to James Maddison's early goal, lifted Spurs to 12th place and eased pressure on manager Postecoglou. Manchester United, plagued by injuries and lacking offensive punch, slipped to 15th. Fans protested against Tottenham's chairman Levy, demanding change. Key players returned for Spurs, while United struggled with a youthful bench.
Pakistan's new law grants sweeping powers to control online content, enabling the government to block platforms and imprison users for spreading 'disinformation.' Human rights activists and opposition parties condemn it as a threat to free speech. Journalists warn it aims to suppress media and dissent, raising concerns over eroding democratic freedoms.
British singer Ed Sheeran was stopped by Bengaluru police on Church Street during an impromptu performance due to lack of permission. Unaware of his identity, they requested him to leave. Sheeran is in India for his Mathematics Tour and will perform at NICE Grounds in Madavara. Fans are excited for his shows featuring global hits.
Nvidia will manufacture advanced AI chips in America. This is a first for the tech company. Production will be at TSMC facilities in Arizona. New supercomputer plants are coming up in Texas. Foxconn and Wistron are strategic partners. Full production will ramp up in 12 to 15 months. The move aims to meet growing AI chip demand.