Economy National

RBI Sets ₹9,221 Redemption Price for SGB 2017-18 Series III

By BPN News Desk April 17, 2025

The Reserve Bank of India (RBI) has declared a premature redemption price of ₹9,221 per unit for the Sovereign Gold Bond (SGB) 2017-18 Series III, set for early redemption on April 16, 2025. Investors who purchased these bonds at the issue price of ₹2,964 per gram in October 2017 will realize an absolute return of […]

Business Finance

India Allows Bad Loan Securitisation to Deepen Junk Debt Market

By BPN News Desk April 17, 2025

In a bold regulatory shift, India has introduced a framework allowing the securitisation of bad loans, aiming to deepen its junk debt market and attract new investor participation. This move marks a significant development in the country’s ongoing strategy to manage its massive pool of non-performing assets (NPAs) while revitalizing debt markets. What the New […]

Economy National

India to Become World’s 3rd Largest Economy by 2026: NITI Aayog

By BPN News Desk April 17, 2025

India is on track to become the world’s third-largest economy by 2026, surpassing both Germany and Japan. According to estimates based on current growth trends and economic reforms, India—currently the fifth-largest global economy—is expected to touch the $5 trillion mark in GDP (in current dollar terms) within the next two years. Growth Driven by Reforms […]

Business Industry

India’s Cotton Panel Recommends Removing 11% Import Duty

By BPN News Desk April 17, 2025

India’s cotton advisory panel has recommended scrapping the 11% import duty on cotton in a move aimed at boosting the global competitiveness of Indian textile mills and supporting the import of Extra-Long Staple (ELS) cotton essential for high-quality fabric production. Background: Industry Burdened by Duty The 11% import levy, introduced in February 2021 to support […]

International

Trump Joins Japan Tariff Talks Amid Global Trade Tensions

By BPN News Desk April 17, 2025

President Donald Trump has personally entered the ongoing tariff negotiations with Japan, signaling the strategic importance the U.S. places on redefining trade partnerships amid a climate of rising global economic tensions. Flanked by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, Trump participated directly in talks held in Washington, with both

East India State News

BJP MLAs Demand Mamata Banerjee’s Resignation Over Murshidabad Violence

By BPN News Desk April 17, 2025

Tensions escalated in West Bengal’s Murshidabad district following violent clashes during a Ram Navami procession, prompting BJP legislators to demand the resignation of Chief Minister Mamata Banerjee. The violence, which erupted during what was supposed to be a religious celebration, left over 20 people injured, including women and children. The state responded by

State News West India

Kunal Kamra Granted Interim Bail Amid Eknath Shinde Parody Controversy

By BPN News Desk April 17, 2025

Stand-up comedian Kunal Kamra has been granted interim pre-arrest bail by the Madras High Court until April 17, 2025, in connection with a case filed against him for a parody performance allegedly targeting Maharashtra Deputy Chief Minister Eknath Shinde.​ Parody Performance Sparks Legal Action and Backlash The controversy stems from a January 2025 performance at […]

International

Indian Student Among Four Suing Trump Administration Over Abrupt Visa Termination

By BPN News Desk April 17, 2025

In a significant legal development, four international students, including Indian national Chinmay Deore, have filed a federal lawsuit against the Trump administration following the abrupt termination of their F-1 student visas. The students allege that their visas were revoked without proper notice or justification, placing them at immediate risk of deportation and

South India State News

Palaniswami Denies Coalition Plans With BJP in Tamil Nadu

By BPN News Desk April 17, 2025

AIADMK General Secretary Edappadi K. Palaniswami has dismissed recent remarks suggesting a coalition government between AIADMK and BJP in Tamil Nadu, directly contradicting a public statement made by Union Home Minister Amit Shah. Shah had recently claimed that the two parties would not only contest the 2026 Assembly elections together but would also form a […]

International

Trump Administration Threatens Harvard’s Foreign Student Enrollment

By BPN News Desk April 17, 2025

The Trump administration has warned Harvard University that it may lose the right to enroll foreign students if it fails to comply with federal demands related to student protests and alleged security violations. This unprecedented threat includes the potential revocation of the university’s certification to host international students—a move that would severely impact one