Category: News

  • China Sets 5% Growth Target for 2025 Amid Economic Challenges

    China Sets 5% Growth Target for 2025 Amid Economic Challenges

    On Wednesday, China shared its plans for economic growth and spending for 2025. Here are the five most important points to know:

    1. Growth Goals: China has set a goal to grow its economy by about 5% in 2025. This is what many experts expected, but the country is having a tough time recovering from COVID-19 due to issues like problems in the property market, low consumer spending, and high unemployment among youth.

    2. Focus on Domestic Demand: Premier Li Qiang said that boosting domestic demand will be crucial for economic growth. However, he admitted that getting people to spend more money is a challenge. He noted that there isn’t enough strong demand to support steady recovery.

    3. Job Creation and Inflation: China plans to create around 12 million new jobs in cities this year and aims to keep inflation at around 2%. They will also issue 1.3 trillion yuan (about $181 billion) in special bonds, which is more than the previous year’s one trillion yuan.

    4. Defense Spending and Social Programs: China will raise its defense budget by 7.2% in 2025. This increase is important as China tries to modernize its military amid tensions with the U.S. Additionally, China will raise the minimum pension for elderly citizens and improve care for older people, especially in rural areas. They also plan to support parents by subsidizing childcare and eventually making preschool free.

    5. Support for Private Companies: Premier Li promised to help private companies grow, saying that China would protect their rights and interests. However, experts warn that this growth will depend on how well these companies align with China’s government goals.

    Li stressed that the global environment is becoming more challenging, with rising protectionism and trade barriers. He said China will resist such actions, without naming specific countries.

  • How FDA Approval Impacts Pharma Stocks Beyond Nifty Numbers

    How FDA Approval Impacts Pharma Stocks Beyond Nifty Numbers

    Let’s take a closer look. Imagine the Nifty is at 26,000 points or maybe at 22,000 points. Does it change how well a pharmaceutical company is doing after it just got approval from the US FDA for one of its factories? After four years of hard work, the answer is no, it doesn’t.

    However, the Nifty’s points do matter when it comes to the stock price of that company. Even so, what truly counts for the stock price in the long run is how well the company is making money. Some people may say that other factors, like tariffs, can have an impact too, but at the end of the day, money is what matters most.

  • Boatman Earns ₹30 Crore in 45 Days at Maha Kumbh: A Success Story

    Boatman Earns ₹30 Crore in 45 Days at Maha Kumbh: A Success Story

    Uttar Pradesh Chief Minister Yogi Adityanath shared an amazing story about a boatman during the recent Maha Kumbh in Prayagraj. The boatman and his family made a whopping ₹30 crore in just 45 days! He owned 130 boats, and each one earned about ₹23 lakh during the big religious event. That’s around ₹50,000-₹52,000 every day!

    While speaking in the state assembly about the budget for 2025-26, Adityanath highlighted how the Maha Kumbh brought people together from over 100 countries. He emphasized that the event did not care about caste, religion, or borders; it was a mix of tradition and progress.

    The Chief Minister responded to claims of unfair treatment during the Kumbh, saying the event was open to everyone and showed off Uttar Pradesh’s strengths to the world. Despite some disagreements from opponents, he said that the faith of the devotees remained strong. More than 66 crore people took a sacred dip at the Sangam during the Kumbh.

    He pointed out that while the opposition sees the visitors as a chance to get votes, his government views them as part of their heritage and faith, which is why they have the people’s trust.

    Yogi Adityanath estimated that the Maha Kumbh helped the economy of Uttar Pradesh a lot, contributing about ₹3.5 lakh crore. Here’s how the money broke down:
    – ₹40,000 crore from hotels
    – ₹33,000 crore from food and daily needs
    – ₹1.5 lakh crore from transport
    – ₹20,000 crore from religious donations
    – ₹660 crore from donations
    – ₹300 crore from toll fees
    – ₹66,000 crore from other activities

  • Kejriwal’s Meditation Trip Sparks Outrage Over VIP Culture Criticism

    Kejriwal’s Meditation Trip Sparks Outrage Over VIP Culture Criticism

    Arvind Kejriwal, the leader of the Aam Aadmi Party (AAP), went to Punjab for a 10-day meditation retreat, which caused quite a stir in politics. After losing the Delhi assembly elections to the BJP, many people criticized him for arriving in a huge security convoy. AAP’s MP Swati Maliwal compared his security to that of former US President Donald Trump.

    Kejriwal is known for criticizing VIP culture, yet he was seen traveling in a large group of bulletproof cars, surrounded by over 100 police officers. BJP’s Manjinder Singh Sirsa said Kejriwal now acts like a “maharaja” instead of being a common man, which he used to pretend to be. Congress also joined in the criticism; Sandeep Dikshit pointed out that Kejriwal, who used to promote simplicity, now leads an extravagant lifestyle with an enormous convoy to attend a meditation retreat.

    Kejriwal and his wife, Sunita, arrived late Tuesday at a rest house and will attend the meditation course at the Dhamma Dhaja Vipassana Centre, near Hoshiarpur.

  • MPs Get 230% Budget Increase for Home Renovations

    MPs Get 230% Budget Increase for Home Renovations

    Members of Parliament (MPs) are getting a big boost in their renovation budget for their official homes. Recently, a committee in the House raised the spending limit for repairs from ₹1.5 lakh (150,000 rupees) to ₹5 lakh (500,000 rupees), which is more than a 230% increase. This change is great for MPs because they often need to make changes or updates to their homes, such as their workspaces and guest rooms.

    The Lok Sabha secretariat announced this new budget limit, stating that the House committee is in charge of everything related to MPs’ housing in New Delhi. Many MPs have asked the Central Public Works Department (CPWD) for help to make these changes. The CPWD is the only group allowed to do construction work on government properties in this area.

    The circular from the Lok Sabha said that the CPWD must check the cost estimates submitted to them and follow all the necessary rules while making these changes. The new renovations cannot cost more than ₹5 lakh and will need the committee’s approval. There are also certain guidelines that say no changes can be made without the approval of an architect and the ministry.

    In the past, the government spent ₹193 crore (1.93 billion rupees) over five years to fix and update the MPs’ homes in the famous Lutyens’ area. The then housing minister, Hardeep Singh Puri, shared that there is no limit on how much the government can spend on repairs. While these Lutyens’ homes are considered old and important, the Narendra Modi government has also built new duplex homes for MPs in North Avenue by tearing down some of the older buildings.

  • Amouranth Fights Back in Scary Home Invasion – Robbers Still at Large

    Amouranth Fights Back in Scary Home Invasion – Robbers Still at Large

    Three masked robbers broke into the home of OnlyFans star Amouranth, whose real name is Kaitlyn Siragusa, in Houston. This scary incident was shared live by Amouranth, who has 6.2 million followers on Twitch. During the home invasion, she was held at gunpoint, but she bravely fought back.

    Amouranth told her followers, “I believe I shot one of them…I’m covered in blood, but only some of it is mine.” She posted a video showing how she faced the robbers. In the footage, three men followed her home. But her husband was ready to help with a gun.

    When the robbers tried to break in, they shot a window and kicked down a door, demanding her cryptocurrency. They even hit her in the face with a gun. This happened just after Amouranth shared her success in cryptocurrency, talking about her $20 million fortune on social media.

    Amouranth said, “They beat me and pistol-whipped me. The beating seemed like it would never stop.” In a moment of stress, she managed to post a tweet saying, “I’m being robbed at gunpoint.” Her husband saw this message and waited for her in another building.

    Amouranth cleverly led the robbers to where her husband was. She fired shots during the struggle, and the intruders eventually fled. She was then taken to the hospital with injuries that were not life-threatening. The police in Houston are investigating the case, and the robbers are still on the run.

  • China Increases Loans to Real Estate Projects to Reduce Debt Risks

    China Increases Loans to Real Estate Projects to Reduce Debt Risks

    China is set to give more loans to real estate projects that are on its approved list, as reported by the National Development and Reform Commission during a meeting at parliament on Wednesday. The country plans to introduce a series of steps to manage and reduce debt risks, and will also work on changing existing hidden debts into clearer forms. This means that China is trying to make its real estate market stronger and safer for the future.

  • ONGC Acquires PTC Energy: A Leap Towards Renewable Energy

    ONGC Acquires PTC Energy: A Leap Towards Renewable Energy

    Shares of the Indian oil company, Oil and Natural Gas Corp (ONGC), are getting a lot of attention. Why? Because they just announced that their subsidiary, ONGC Green Ltd, has bought a company called PTC Energy for Rs 925 crore (which is about $106 million). This move is part of ONGC’s plan to invest more in clean energy.

    With this acquisition, ONGC now owns 100% of PTC Energy Limited, which was set up in 2008 and is part of PTC India Limited. PTC Energy focuses on wind energy and has the ability to generate power using 288.80 MW of wind energy from 157 wind turbines located in places like Andhra Pradesh, Madhya Pradesh, and Karnataka.

    Last year, PTC Energy made a revenue of Rs 322.49 crore, which is higher than Rs 296.76 crore in the previous year.

    In a press release, ONGC said that buying PTC Energy is part of its plan to invest more in renewable energy. This is important for ONGC because they want to make their portfolio safer against long-term issues and work on reducing their carbon footprint, which is crucial for our planet.

    ONGC aims to develop a big renewable energy portfolio of 10 GW by 2030 and wants to achieve net-zero carbon emissions by 2038.

    When it comes to the stock market, ONGC’s share price has dropped by 18.78% over the past year. However, it has performed slightly better than its industry in this time. In the last three years, the stock has given a return of 37.22%.

  • Doug Collins: Designated Survivor for Trump’s Congress Speech

    Doug Collins: Designated Survivor for Trump’s Congress Speech

    Veterans Affairs Secretary Doug Collins has been chosen as the “designated survivor” for President Donald Trump’s upcoming speech to Congress. This means that while Trump and other important leaders attend the event in person, Collins will stay in a secure location. This special role is vital in case something bad happens, ensuring there is always someone ready to lead the country. Collins will watch the speech safely from a different place while everyone else is at the venue.

  • Gold Prices Drop As Tariffs and Yields Rise

    Gold Prices Drop As Tariffs and Yields Rise

    Gold prices fell slightly on Wednesday because U.S. Treasury yields went up. Investors are watching how President Donald Trump’s tariffs might affect prices and global trade.

    – Gold Prices: Spot gold dropped by 0.1% to $2,916.09 per ounce, while U.S. gold futures went up 0.2% to $2,926.10 per ounce.
    – Treasury Yields: The 10-year U.S. Treasury yield rose from a four-month low. When yields rise, gold is less attractive because it doesn’t earn interest.
    – Tariffs Impact: Trump’s new 25% tariffs on imports from Mexico and Canada started on Tuesday. He also doubled tariffs on Chinese goods to 20%. These trade wars could hurt the economy and increase prices for Americans, who are still dealing with high inflation.
    – Retaliation: Canada and China responded by imposing their own tariffs on various U.S. goods.
    – Federal Reserve’s View: Federal Reserve Bank of New York President John Williams said that these tariffs might lead to higher inflation, but thinks the current interest rates are fine and shouldn’t change for now.
    – Interest Rates: The Fed has kept interest rates steady after lowering them three times last year. However, markets expect more cuts soon, possibly in June and September.
    – Market News: Investors are waiting for the ADP employment report later today and the U.S. non-farm payrolls report on Friday for hints about future Fed plans.
    – Other Precious Metals: Spot silver fell 0.2% to $31.90 per ounce, platinum dropped 0.2% to $958.75, and palladium declined by 0.3% to $939.00.