Category: News

  • “Press Act: Urgent Need to Protect Journalists in Changing Politics

    “Press Act: Urgent Need to Protect Journalists in Changing Politics

    In 2021, Attorney General Merrick Garland made new rules to protect journalists. These rules say that the government shouldn’t go after journalists’ notes or communications with their sources unless there’s a serious situation, like preventing violence. But these rules can change with different leaders.

    Now, President-elect Donald Trump is coming into power, and he has a history of being unfriendly to journalists. He wants Congress to stop these protections, saying they shouldn’t pass a bill called the Press Act, which would make these protections into law. This act has already passed the House of Representatives without any arguments and would stop the government from using tools like subpoenas to invade reporters’ privacy.

    Some Republican senators support this bill, but Trump’s disapproval makes them think twice. In the past, both Democratic and Republican leaders have attacked reporters to find out their sources, which is dangerous for Free Speech. If reporters can’t keep their sources secret, people might be afraid to share information that helps the public.

    Some critics believe this bill could cause more leaks that would hurt national security. But the reality is that recent government rules didn’t lead to more leaks. It is important now to stand up for journalists because they are vital for uncovering government misconduct. Leaders in the Senate, like Chuck Schumer, need to push to make the Press Act a reality before Congress ends this year.

  • U.S. Eyes Tougher Sanctions on Russian Oil Trade: What You Need to Know”

    U.S. Eyes Tougher Sanctions on Russian Oil Trade: What You Need to Know”

    The U.S. government is thinking about putting stronger rules on Russia’s oil trade. They want to make it harder for Russia to fund its military, especially with Donald Trump coming back to the White House soon. According to Bloomberg News, the plans aren’t final yet, but President Joe Biden’s team is looking at options that could target some Russian oil exports. These new rules aim to limit the money Russia makes from selling oil and to help stop the conflict

  • Cautiously Optimistic: Kotak’s Nifty Target at 26,100 by December 2025

    Cautiously Optimistic: Kotak’s Nifty Target at 26,100 by December 2025

    Mumbai: Kotak Securities has shared a prediction for the Nifty index, setting a target of 26,100 points by December 2025. This means they expect it to go up by 6% from its current level of 24,610, which is where it closed recently.

    The company mentioned that there are important reasons for being “cautiously optimistic.” For example, they’re concerned that the country’s economic growth (GDP) has dropped to 5.4%, and inflation is expected to go over 6% in October. Additionally, they noted that policies from the Trump administration and a stronger dollar might affect the market.

    Kotak Securities believes some sectors like Banking, Financial Services, and Insurance (BFSI), Information Technology (IT), real estate, and pharmaceuticals will perform better in the coming years. They also advised investors to be realistic about their return expectations. Shripal Shah, the CEO, suggests that it’s time to focus on finding good value in investments instead of just following trends.

    He noted that there has been a strong rally in smaller and larger company stocks, and now it’s important to be careful. The company also predicted that gold and silver will stay strong in 2025 due to demand for safety and industrial use, but a strong dollar and Trump’s economic decisions might limit huge price increases.

  • Lula da Silva’s Remarkable Journey: Overcoming Adversity & Health Challenges

    Lula da Silva’s Remarkable Journey: Overcoming Adversity & Health Challenges

    Luiz Inacio Lula da Silva, the President of Brazil, is in intensive care after emergency surgery to relieve pressure on his brain due to a fall. Lula, at 79 years old, is a symbol of someone who overcame many obstacles to lead one of the biggest economies in the world. He has faced tough times, including poverty, health issues, and even jail time for a corruption case that was later thrown out because the judge was unfair. Despite his struggles, Lula has always fought for people’s rights, worked to end hunger, and protected the Amazon rainforest.

    Recently, Lula had surgery after a fall that caused bleeding in his brain. He is currently serving his third term as president after defeating Jair Bolsonaro in a tough election in 2022 that split the country. Lula’s journey is incredible: he grew up poor as the son of farmers, became a shoeshine boy and a metalworker, and eventually led major workers’ strikes against Brazil’s military government in the 1970s.

    He started the Workers’ Party and ran for president three times before finally winning in 2002. Lula was once called “the most popular politician on Earth” by Barack Obama. Though he hopes to live to 120 years old, he has had many health problems, including high blood pressure and cancer treatment. Lula’s latest challenge came after he fell in a bathroom, suffering a concussion and other injuries that required surgery.

    In his personal life, Lula has lost two wives and married again in 2022. He has five children from his relationships. Lula’s story is one of resilience, fighting against the odds, and standing up for the less fortunate.

  • 88 Violent Incidents Against Minorities in Bangladesh Spark Outrage

    88 Violent Incidents Against Minorities in Bangladesh Spark Outrage

    On Tuesday, Bangladesh’s government announced that there have been 88 cases of violence against minorities, mainly Hindus. This happened after the previous leader, Sheikh Hasina, was removed from power in August. Muhammad Yunus, who is in charge of the interim government, said that 70 people have been arrested in connection with these incidents.

    This announcement followed a meeting where India’s Foreign Secretary, Vikram Misri, expressed concern about the safety of minorities in Bangladesh. He shared India’s worries after witnessing attacks on these communities.

    From August 5 to October 22, there have been 88 reported cases of violence against minorities. The number may continue to rise as new incidents are being reported in different places like Sunamganj and Gazipur.

    Alam, the press secretary, mentioned that some of the victims might have been part of the previous ruling party. He stated that the government claims most attacks were not against Hindus because of their religion but due to personal disputes or political reasons. However, the police are still taking the necessary actions regarding these incidents.

    Alam also promised to provide updates about incidents that occurred after October 22. There has been a worrying increase in violence against Hindus and attacks on temples in Bangladesh in recent weeks, which has raised serious concerns in India.

  • Indian Markets End Flat as Investors Await Key Inflation Data”

    Indian Markets End Flat as Investors Await Key Inflation Data”

    On Tuesday, Indian stock markets ended nearly the same, with some IT companies doing well. Investors were careful as they awaited important inflation data from both India and the United States later in the week. The main index, S&P BSE Sensex, fell just 1.59 points to finish at 81,510.05, and the Nifty 50 index dropped by 8.95 points, closing at 24,610.05.

    Ajit Mishra, a Senior VP at Religare Broking, noted that the markets stayed steady, with mid-cap and small-cap stocks showing good signs. He advised traders to focus on specific stocks and consider buying unless the Nifty falls below 24,300.

    In the U.S., stock markets were mixed as investors waited for important inflation numbers. Some major stocks fell, like Oracle, which dropped 8.4% after reporting lower profits despite good growth in its AI business.

    Rupak De, a Senior Technical Analyst at LKP Securities, mentioned that the Nifty remained in a tight range between 24,500 and 24,650. If it drops below 24,470, it could lose another 200 to 250 points, while it faces resistance at 24,700 to 24,750.

    The busiest stocks by value on BSE were Syngene International, ITI Ltd, and Tata Motors, while Vodafone Idea was the most active by volume.

    Some stocks that saw strong buying interest included Raymond and Nippon Life AMC, while Life Insurance Corporation of India experienced selling pressure.

    Overall, market sentiment was mixed, with 2,010 stocks declining and 1,963 gaining among the 4,093 that traded on BSE.

    Disclaimer: The opinions and views expressed are from financial experts and don’t reflect the views of Niftystat.

  • Sonowal Honors Assam Movement Martyrs on Swahid Diwas”

    Sonowal Honors Assam Movement Martyrs on Swahid Diwas”

    Guwahati: Union Minister Sarbananda Sonowal recently honored the brave martyrs of the Assam Movement on Swahid Diwas. He offered flowers at his home to remember those who fought hard to protect the identity and culture of Assam.

    Sonowal said, “The Assam Movement is an important part of India’s history. People from all backgrounds came together to save our Assamese identity and culture. Today, we remember the brave martyrs whose sacrifices guide us. Their courage and love for Assam inspire us to work hard for our community.

    Sonowal, who once led students, emphasized that we owe our freedom today to the sacrifices of these martyrs. During the movement, many young people suffered greatly under Congress rule, which tried to silence them. Hundreds lost their lives, and many more faced terrible pain. He reminded everyone that the Congress Party, which talks about nationalism now, was responsible for those hard times—a truth the people of Assam will always remember.

    He spoke with deep respect for the martyrs and asked today’s youth to honor their sacrifices. Under the leadership of Prime Minister Narendra Modi, the BJP government is making efforts to celebrate and remember their legacy. As we work towards a better India, the bravery and sacrifices of these martyrs will keep inspiring us.”

    Sonowal was joined by other leaders, including MP Pradan Baruah and Rajya Sabha MP Rameswar Teli.

  • EU Raises Concerns Over Indian Firms Supplying Goods to Russia

    EU Raises Concerns Over Indian Firms Supplying Goods to Russia

    In New Delhi, the European Union (EU) has raised concerns with India about some Indian companies that might be sending important goods to Russia, which could be used for military purposes. This would go against the bans set by Western countries on Russia. David O’Sullivan, the EU Sanctions Envoy, visited India in October and talked with Indian officials about ways to stop the illegal sending of these important goods to Russia.

    O’Sullivan mentioned that he shared information with Indian authorities about the companies involved. Recently, the U.S. has imposed penalties on 19 Indian companies for allegedly helping Russia by providing technologies that could be used for military operations. Some sources from the EU indicated that two Indian companies are under specific restrictions for their exports.

    O’Sullivan said that many other countries he visited have set up special systems to handle this issue. He emphasized that Russia’s invasion of Ukraine is a significant concern for the EU, and they will keep working to disrupt Russia’s access to important technologies.

    He pointed out that Russia is paying much more for some items because of the sanctions. The EU is also working on its latest set of sanctions against Russia, which will target ships and companies supplying military goods.

    The EU represents many nations and continues to monitor companies that might break the sanctions.

  • RBI Chief Shaktikanta Das Steps Down: Inflation & Growth Challenge for New Governor

    RBI Chief Shaktikanta Das Steps Down: Inflation & Growth Challenge for New Governor

    Shaktikanta Das, the outgoing governor of the Reserve Bank of India (RBI), mentioned that the main job for the RBI is to balance inflation and economic growth. He led the RBI during tough times like the pandemic and rising prices, which affected India’s economy. A career bureaucrat with extensive experience, Das was appointed governor in December 2018 by Prime Minister Narendra Modi.

    On December 9, the government selected revenue secretary Sanjay Malhotra as the new governor, surprising many who expected Das to get another term. When Das started his role, tensions existed between the government and the RBI. However, Das improved how they worked together, making it easier for the two to communicate.

    Central banks like the RBI control prices mainly by changing interest rates. Sometimes, this can slow down economic growth. Governments often try to speed up economic growth, making the central bank’s job challenging. As former Federal Reserve chair Ben Bernanke observed, this balance is not easy.

    Das was careful about managing inflation. For 11 straight meetings, the RBI kept the interest rate unchanged at 6.5%, after raising it by 2.5% in the previous months. This concerned the government since higher interest rates can hurt economic growth. Commerce Minister Piyush Goyal suggested that the RBI should lower interest rates to boost growth. He criticized the idea that food prices should influence interest rates. Finance Minister Nirmala Sitharaman agreed, saying banks needed to make interest rates more affordable for businesses.

    Despite pressures to lower rates, Das was cautious, advising lenders to avoid risky behaviors. He noted that many factors affect growth, not just the interest rate. After the latest policy meeting, he emphasized the importance of making smart monetary policies based on current conditions.

    Das also played a crucial role in stabilizing the economy after the pandemic and improving relations between the government and the RBI. He remained dedicated to his duties even when he contracted Covid-19, working from home throughout his recovery.

    Sanjay Malhotra takes over during a challenging time, as economic growth has slowed to 5.4%, the slowest in seven quarters, and inflation has climbed above the RBI’s 6% limit for the first time in over a year. The new governor now faces the challenge of balancing inflation and growth.

  • Biden and Jill Ignore Kamala Harris at Kennedy Center Honors: What Happened?”

    Biden and Jill Ignore Kamala Harris at Kennedy Center Honors: What Happened?”

    During the Kennedy Center Honors, President Joe Biden and First Lady Jill Biden arrived to lots of applause but awkwardly ignored Vice President Kamala Harris. Despite standing right next to her and her husband, Doug Emhoff, the Bidens didn’t say hello or look at them when they walked in. Many people on social media quickly shared videos of this uncomfortable moment, pointing out how the Bidens even avoided making eye contact with Harris.

    One popular social media account said, “Jill and Joe Biden are refusing to even look at Kamala Harris tonight,” and the video quickly got over 780,000 views.

    People had mixed reactions online. Some made jokes, suggesting the Bidens may have voted for former President Trump, who recently won big against Democrats in the 2024 election. Others wondered why the once-hopeful Democrats seemed so unhappy, asking what had happened to their joy.

    This awkward moment happened on a Sunday night during an event that celebrates artists who have greatly impacted the United States.