International

Pakistan and Bangladesh Initiate Direct Rice Trade

By BPN News Desk February 26, 2025

In a significant development, Pakistan and Bangladesh have commenced direct government-to-government trade, marking a new chapter in their bilateral relations. This initiative begins with Bangladesh importing 50,000 tonnes of rice from Pakistan, as confirmed by Ziauddin Ahmed, a senior official at Bangladesh’s food ministry. He stated, “For the first time we

South India State News

Rescue Operations Intensify for Workers Trapped in Telangana’s SLBC Tunnel Collapse

By BPN News Desk February 26, 2025

Rescue efforts have intensified in Telangana’s Nagarkurnool district as authorities continue their mission to save eight workers trapped inside the Srisailam Left Bank Canal (SLBC) tunnel following a collapse on February 22. Multiple agencies, including the Indian Army, Navy MARCOS commandos, National Disaster Response Force (NDRF), State Disaster Response Force (SDRF),

Finance

Income Tax Department Targets 40,000 TDS/TCS Defaulters Nationwide

By BPN News Desk February 26, 2025

The Income Tax Department is initiating a nationwide crackdown on approximately 40,000 taxpayers who have failed to deduct or deposit Taxes Deducted at Source (TDS) and Taxes Collected at Source (TCS) for the financial years 2022-23 and 2023-24. This initiative aims to address significant discrepancies in tax deductions and penalize repeat offenders. The Central Board […]

Finance

RBI Eases Lending Norms for NBFCs and Microfinance Institutions

By BPN News Desk February 26, 2025

The Reserve Bank of India (RBI) has eased lending restrictions on non-bank financial companies (NBFCs) and microfinance institutions (MFIs) by lowering risk weights for bank credit. This move aims to boost lending capacity and support economic growth, reversing the slowdown observed after previous regulatory measures. In November 2023, the RBI had increased risk weights

Uncategorized

Bharat Forge Partners with AMD to Manufacture ‘Made in India’ Servers

By BPN News Desk February 26, 2025

Bharat Forge’s subsidiary, Kalyani Powertrain, has announced a strategic partnership with Advanced Micro Devices (AMD) to manufacture servers in India. This collaboration aims to enhance India’s server infrastructure by integrating AMD’s advanced technology into domestically produced solutions. The servers developed through this partnership will feature

International

Ukraine and U.S. Set to Sign Joint Minerals Development Deal

By BPN News Desk February 26, 2025

Ukraine has agreed to a minerals deal with the United States, with the signing ceremony expected this Friday in Washington, D.C. The agreement focuses on the joint development of Ukraine’s mineral resources, particularly rare earth elements, which are crucial for various technologies. Under the deal, revenues from these resources will be allocated to a newly […]

Finance

India’s Credit Card Spending Reaches ₹1.84 Trillion in January 2025

By BPN News Desk February 26, 2025

Credit card spending in India increased by 10.8% year-on-year to ₹1.84 trillion in January 2025, according to data from the Reserve Bank of India (RBI). Despite this annual growth, spending showed a slight decline compared to the previous month. The rising usage of credit cards highlights growing consumer confidence and a shift towards digital transactions. […]

International

U.S. Halts FCPA Enforcement: European Businesses Face New Compliance Challenges

By BPN News Desk February 26, 2025

The United States’ recent decision to suspend enforcement of the Foreign Corrupt Practices Act (FCPA) has significant implications for international business operations, particularly affecting European companies. This move signals a shift away from the U.S.’s traditional role in global anti-corruption efforts, raising concerns among European prosecutors about

Government Policies

Former CJI N.V. Ramana Raises Legal Concerns Over ‘One Nation, One Election’ Proposal

By BPN News Desk February 26, 2025

In a recent session of the Parliamentary panel examining the “One Nation, One Election” proposal, former Chief Justice of India, N.V. Ramana, expressed concerns regarding the legal viability of conducting simultaneous elections across the country. Justice Ramana highlighted that implementing such a system would necessitate extensive constitutional amendments,

Trade

India Considers Extending Import Restrictions on Steelmaking Raw Materials

By BPN News Desk February 26, 2025

The Indian government is considering extending import restrictions on low-ash metallurgical coke (met coke) beyond June 2025 to encourage domestic sourcing by steel manufacturers. In December 2024, India imposed country-specific quotas, limiting total met coke imports to 1.4 million metric tons from January to June 2025. This move aimed to protect local producers from a