The Federal Reserve said Wednesday it would pause its historic rate-hiking campaign as it waits for the effects to trickle further through the economy. Since March 2022, Fed officials have raised the central bank's benchmark interest rate 10 times in a row — an attempt to cool the US economy and battle inflation that is still double the Fed's target.
Massive fire broke out at a check-in counter inside Kolkata’s Netaji Subhas Chandra International Airport on Wednesday, according to media reports.
In a big relief to Indian students in Canada, a Canadian minister said on Wednesday that now the country will stop deportation and will look into each case separately.
The Tamil Nadu government has made it mandatory for the CBI to seek permission from the state government before initiating inquiry, according to media reports.
The Gujarat's Bhuj Airport terminal will remain closed until June 16 as cyclone Biparjoy is expected to make a landfall on Thursday. The landfall of the cyclone 'Biparjoy'is projected near Jakhau port in Gujarat's Kutch district.
Tamil Nadu Minister Senthil Balaji has been sent to judicial custody till June 28 by Sessions Court, in connection with a money laundering case.
National security advisor Ajit Doval on Wednesday met his US counterpart Jake Sullivan for a bilateral meeting in New Delhi. On Tuesday, Doval met Sullivan to discuss regional and global issues of mutual interest.
As Cyclone Biparjoy barrels towards the Kutch coast in Gujarat, the government said they have so far evacuated nearly 37,800 people living near the sea in eight districts of the state. The powerful cyclone will make landfall near Jakhau port on the evening of June 15, according to India Meteorological Department (IMD).
The Enforcement Directorate (ED) on Wednesday arrested Tamil Nadu Electricity Minister V Senthil Balaji under the Prevention of Money Laundering Act (PMLA), official sources said. He was arrested after a long session of questioning, they said, even as the minister was admitted to a city government hospital after he complained of uneasiness. He is likely to produced before a special court later where the agency will seek his custody.
Ahead of PM Narendra Modi's state visit to Washington, the Biden administration is pushing New Delhi to cut through its own red tape and advance a deal for dozens of U.S.-made armed drones, two people familiar with the matter said. India has long expressed interest in buying large armed drones from the United States. But bureaucratic stumbling blocks have hampered a hoped-for deal for SeaGuardian drones that could be worth $2 billion to $3 billion for years. US negotiators are counting on Indian PM Modi's White House visit on June 22 to break the log jam.
 "LIVE: US Fed leaves key interest rates unchanged after 10 consecutive hikes")
