Indian stock markets experienced a substantial downturn in February, erasing over Rs 40 lakh crore from BSE market capitalization. Experts like Zerodha's Nithin Kamath and economist Jim Walker recommend a long-term investment strategy, emphasizing India's robust economic policies and growth potential over market fluctuations.
Related news
The Modi government announced the setting up of the eighth pay commission to benefit 1.1 crore central government employees and pensioners. This decision, made before Delhi votes, aims to enhance consumption demand and improve the quality of life. The implementation of the award is expected from 2026.
Yashasvi Jaiswal had a rough day in the field during the Boxing Day Test at Melbourne. He missed three chances, allowing Usman Khawaja, Marnus Labuschagne, and Pat Cummins to survive. As a result, Australia reached 135/6 at Tea, with Labuschagne and Cummins adding a 44-run stand. Frustration among Indian teammates, especially Rohit Sharma, was noticeable.
President Joe Biden extended temporary legal status for about 1 million immigrants from El Salvador, Venezuela, and Ukraine, days before Donald Trump's upcoming presidency. This decision benefits over 200,000 Salvadorans, 600,000 Venezuelans, and others. Trump plans to rigorously enforce immigration policies, promising large-scale deportations and increased immigration enforcement upon taking office.
Former RBI governor Raghuram Rajan criticised the Trump administration’s new reciprocal tariffs, calling them a 'self-goal' that will harm the US economy in the short term. Rajan notes that the impact on India will be relatively smaller and suggests India reduce domestic tariffs to boost trade and competitiveness despite the global trend towards protectionism.
Star batter Babar Azam faced a challenging practice session ahead of Pakistan's ODI series against New Zealand, being dismissed LBW by a net bowler. Pakistan, led by Salman Agha in T20Is, aim to rebound from a disappointing ICC Champions Trophy campaign as they prepare for the ODIs starting March 29.
Prime Minister Narendra Modi made his podcast debut with Zerodha co-founder Nikhil Kamath on the 'People by WTF' channel. The two-hour conversation explored Modi's early life, education, and political career. Modi shared anecdotes from his childhood and emphasized the importance of mission-driven individuals in politics. Kamath expressed his nervousness, while Modi acknowledged it as his first podcast experience.
NDP Leader Jagmeet Singh announced his intention to vote against PM Justin Trudeau's Liberal government in an upcoming no-confidence motion. Singh criticised Trudeau's leadership, citing broken promises and a failure to prioritize the needs of Canadians. The motion could trigger an election when Parliament resumes on January 27, 2025. Meanwhile, Trudeau is reportedly planning a cabinet reshuffle.
Chandigarh BJP won the Mayor election, defeating the Congress-AAP alliance candidate Premlata. Despite more votes for the alliance, three votes crossed over to BJP's candidate Harpreet Kaur Babla, who received 19 votes against 17. All 36 votes were valid. Babla and BJP councillors celebrated the victory, and the election process for senior deputy mayor and deputy mayor began.
Manu Bhaker's name went missing from the Major Dhyan Chand Khel Ratna award recommendation list, despite her historic achievements in the 2024 Olympics. The Sports Ministry is considering using executive powers to nominate her, a rare move previously applied to cricketer Mohammed Shami for the Arjuna Award, highlighting extraordinary performance deviations.
Barbie's cultural impact now extends into the digital realm, allowing users to transform themselves into personalized AI Barbie-style characters. By selecting the right AI tool, providing clear photos, and customizing the doll's appearance, anyone can create a glamorous avatar or unique digital gift.