Business

Gold and Silver Prices Surge 30% in 2023: What to Expect in 2025

By BPN News Desk December 27, 2024

Gold and silver prices have witnessed a remarkable 30% increase over the past year, reflecting their status as safe-haven investments during times of economic volatility. As 2025 approaches, analysts predict these precious metals may continue to shine due to persistent global uncertainties and evolving market conditions. Factors Driving the Surge in 2023 The robust

National

CAI Requests ₹500 Crore Aid to Promote Drip Irrigation for Cotton Farmers

By BPN News Desk December 27, 2024

The Cotton Association of India (CAI) has appealed to the government for a budgetary allocation of ₹500 crore to support the adoption of drip irrigation systems among cotton growers. This initiative aims to enhance productivity, address water scarcity, and promote sustainable agricultural practices in India’s cotton sector. Drip irrigation, a method known for its water

National

India Mourns Former PM Manmohan Singh, Dead at 92

By BPN News Desk December 27, 2024

Former Indian Prime Minister Manmohan Singh, celebrated as the architect of India’s economic liberalization, passed away at the age of 92. Singh, who served as Prime Minister from 2004 to 2014, was also a prominent finance minister credited with initiating transformative reforms that reshaped India’s economy. Singh was admitted to a Delhi hospital after his […]

International

China Greenlights World’s Largest Dam, Raising Regional Risks

By BPN News Desk December 26, 2024

China has approved the construction of what will become the world’s largest dam, sparking serious concerns among neighboring countries, including India and Bangladesh. The dam, to be built on the Yarlung Tsangpo River, is expected to generate massive hydropower but poses significant environmental and geopolitical risks for downstream nations. Geopolitical Implications for

Economy National

Income Tax Cuts Likely in Budget 2025 to Boost Consumption

By BPN News Desk December 26, 2024

The government is reportedly considering reducing income tax rates in the upcoming Budget 2025. This potential move aims to bolster consumption and stimulate economic growth amid concerns of sluggish demand. Sources indicate that the Ministry of Finance is exploring strategies to provide relief to taxpayers, particularly those in the middle-income bracket. Focus on

International

ED Exposes Canadian Colleges in Human Trafficking Scheme

By BPN News Desk December 26, 2024

In a significant breakthrough, the Enforcement Directorate (ED) has uncovered a network involving 262 Canadian colleges allegedly linked to human trafficking activities. This startling revelation is part of an ongoing investigation into illegal migration practices targeting vulnerable individuals seeking better opportunities abroad. Details of the Human Trafficking Network

International

Russia Turns to Bitcoin for Foreign Trade Amid Sanctions

By BPN News Desk December 26, 2024

In a groundbreaking development, Russia’s Finance Minister has announced the country’s decision to use Bitcoin in foreign trade transactions. The move reflects Moscow’s strategic pivot to circumvent Western sanctions and navigate financial restrictions imposed by global powers. Bitcoin as an Alternative Trade Currency The decision to adopt Bitcoin for international

Business Industry

Tata Group Aims to Generate 5 Lakh Jobs by 2030

By BPN News Desk December 26, 2024

Tata Group Chairman N Chandrasekaran announced the company’s ambitious plan to create 5 lakh jobs by 2030 across key sectors, including electric vehicles (EVs), semiconductors, and renewable energy. This initiative aligns with India’s push for green energy and technological innovation, reinforcing Tata Group’s commitment to sustainable development and employment

Editorials

Popcorn and Tax: A Recipe for Chaos

By BPN News Desk December 26, 2024

India’s GST Council has found itself in yet another snack-sized controversy. This time, it’s over popcorn—a delightful, humble treat that has now been dissected, categorized, and taxed to the point of absurdity. Under the new rules, plain salted popcorn gets a 5% GST, branded varieties jump to 12%, and caramel popcorn—a supposed sinful luxury—sits at […]

National

Election Commission Dismisses Congress’ Claims of Discrepancies

By BPN News Desk December 26, 2024

The Election Commission of India (ECI) has firmly dismissed allegations raised by the Congress party about discrepancies in election-related processes. The Commission has reiterated its adherence to constitutional mandates and operational transparency. Congress’ Allegations Congress had recently alleged irregularities in certain electoral procedures, raising concerns about