A 25-year-old Indian student in the US has been arrested for allegedly defrauding an elderly Michigan couple of $50,000. The stolen money was reportedly routed to India through angadia and forex companies in Ahmedabad. Authorities suspect a larger network using Indian students as mules in global fraud operations, transferring illicit funds via informal channels.
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In today's fast-paced world, forest bathing, or Shinrin-yoku, offers a powerful antidote to urban pollution and sedentary lifestyles. This Japanese practice involves mindful immersion in nature, promoting physical and psychological well-being. Scientific studies reveal that forest environments enhance immune function and improve respiratory health, making it a valuable preventive medicine.
India is set to bolster its energy security by acquiring a fleet of 112 locally-built crude carriers by 2040, investing approximately $10 billion. This initiative aims to reduce reliance on foreign vessels and increase the proportion of Indian-built tankers in its fleet, aligning with the nation's goal to expand its refining capacity and become a developed nation by 2047.
A proposed US bill, dubbed 'The One Big Beautiful Bill,' threatens to impose a 5% remittance tax on non-US citizens, including H-1B and green card holders, sending money abroad. This could significantly impact the Indian diaspora, who remit approximately $32 billion annually to India. If enacted, Indians in the US could face a $1.
Sanjay Raut's new book, ‘Narkatla Swarg', alleges Bal Thackeray helped Amit Shah secure bail in an encounter case and Sharad Pawar opposed Narendra Modi's arrest after the Godhra riots. The book launch, attended by prominent opposition leaders, sparked controversy, with BJP leaders demanding investigation into Raut's claims about judicial process.
Dalal Street witnessed a significant rally following the Indo-Pak ceasefire, adding over $300 billion to investor wealth. The Sensex and Nifty climbed, fueled by foreign and domestic fund inflows, a fall in retail inflation, and expectations of RBI rate cuts. Smallcap and midcap stocks outperformed, with defense and railway sectors experiencing substantial gains.
Russian President Vladimir Putin criticized Ukraine’s forced mobilization tactics, claiming people are being “caught like dogs,” while Russia sees voluntary enlistment. Ukraine, facing manpower shortages, lowered its draft age and toughened rules. Viral videos show aggressive conscription methods dubbed "busification." Despite official denials, Ukraine’s military admitted flaws and launched a $24,000 incentive campaign to attract young volunteers.
The Reserve Bank of India's record dividend payout to the government, nearly Rs 2.7 trillion, was primarily driven by substantial dollar sales and foreign exchange gains. The RBI actively intervened in the forex market, becoming a major seller of reserves. Increased earnings from rupee securities also contributed, although tempered by falling G-sec yields.
India and the US are engaged in trade deal negotiations, aiming to finalize an initial agreement before July, when US tariffs take effect. The proposed deal is structured in three phases, addressing industrial goods, agricultural products, and non-tariff barriers. Discussions are ongoing, with hopes for a broader agreement by autumn, potentially coinciding with a Quad summit visit.
Middlesex is reportedly keen on signing Virat Kohli for a stint at Lord's, aiming to add the Indian superstar to their roster. Despite his Test retirement, Kohli hasn't ruled out first-class cricket, opening the door for a potential County Championship or One-Day Cup appearance.
Jan Suraaj Party, founded by Prashant Kishor, appointed former BJP MP Uday Singh as its first national president on Monday. This decision comes as the party gears up for its first electoral contest in the upcoming Bihar polls later this year. Kishor had previously stated he would not hold any official position within the party.