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

Uncategorized

India Ships First Rice Consignment to Bangladesh’s Yunus Government

By BPN News Desk December 26, 2024

India has dispatched its first shipment of rice to Bangladesh under the leadership of the Yunus government. This move comes as part of a collaborative effort to ensure food security and bolster bilateral relations between the neighboring nations. The rice consignment, expected to arrive in Bangladesh today, marks a significant step in India’s continued support […]

Economy National

Economists Recommend Income Tax Cuts in Budget 2024

By BPN News Desk December 26, 2024

Prominent economists have urged Prime Minister Narendra Modi to consider reducing income tax rates in the upcoming Budget 2024 to provide relief to middle-class and salaried taxpayers. This recommendation comes as part of broader consultations aimed at addressing the financial challenges faced by Indian citizens amid rising inflation and economic uncertainties. Calls for

National

Government Sets Ambitious Target of 200,000 Agri-Cooperatives

By BPN News Desk December 26, 2024

The Indian government has launched 10,000 agri-cooperatives as part of a broader vision to establish 200,000 such cooperatives over the next five years. This initiative, spearheaded by Union Home and Cooperation Minister Amit Shah, aims to revolutionize rural India by strengthening the agriculture sector and empowering farmers. Boosting Rural Development through

Economy National

RBI Deploys $44.5 Billion to Stabilize Rupee in October

By BPN News Desk December 26, 2024

In a significant effort to safeguard the Indian rupee, the Reserve Bank of India (RBI) spent $44.5 billion from its foreign exchange reserves in October 2024. This marked one of the highest single-month expenditures by the central bank to stabilize the currency amidst global economic turbulence and increased market volatility. Global Pressures Impacting Rupee Stability

Government Policies National

India’s Agri Export Policy Set for Overhaul to Target Emerging Markets

By BPN News Desk December 26, 2024

India is poised to revamp its agricultural export policy to expand its presence in emerging markets and enhance its global competitiveness. According to a recent report, the revised framework will focus on addressing supply chain inefficiencies, improving export infrastructure, and diversifying agricultural products to cater to evolving global demands. Focus on Emerging

Economy National

India’s GDP Growth to Reach 6.5% in FY25 and FY26: EY Report

By BPN News Desk December 26, 2024

India’s economy is expected to sustain robust growth, with GDP projected at 6.5% for the fiscal years 2025 and 2026, according to a report by Ernst & Young (EY). The forecast underscores India’s position as a global economic leader, fueled by strong domestic demand, structural reforms, and technological advancements. Key Drivers of Growth EY’s report […]