The US may be struggling to reform its political system, but the obstacles in the path of China's much-needed reforms are even greater

Damien Ma: China should stop laughing at the US

Bloomberg

By most accounts, the past few weeks have exposed a drastic maturity gap between the US and Chinese governments. The purported icon of democracy watched its system descend into chaos and petty political gamesmanship, coming within hours of a default that would have sparked global economic disorder.

China should stop laughing at the US

Business Standard

Indian Army said - Indian Army reacted swiftly for the rescue. In a remarkable display of coordinated efforts, Indian Army Columns along with NDRF and State rescue teams have been relentlessly working

building collapse, Bengaluru building collapse

According to Radio Free Asia, this shipment is part of a larger order of 122 tanks expected over the next two years. While the M1A2T is regarded as one of the most advanced main battle tanks globally

China Taiwan

The 50 per cent target is a long way, but industry-watchers feel that over the next four to six years, India's auto exports would continue to grow in double digits

bajaj auto pulsar bikes two wheelers

External Affairs Minister S Jaishankar has said India can never permit others to have a veto on its choices and will do whatever is right in the national interest and for the global good without being intimidated to conform.
In a video message for a function in Mumbai, he said when India is etched more deeply in global consciousness, its repercussions are truly profound.
In a world grappling with unhealthy habits, stressed lifestyles or recurring climate events, there is much learning to be gained from India's heritage. But the world will only know when the countrymen take pride in it, he said.
In an age of globalisation, technology and tradition must march together, said Jaishankar.
Bharat will inevitably progress but it must do so without losing its Bharatiyata. Only then can we truly emerge as a leading power in a multi-polar world, he said.
Jaishankar was conferred the 27th SIES Sri Chandrasekarendra Saraswati National Eminence Award. The awards are given in four fields  Publi

S Jaishankar, Jaishankar

India opener KL Rahul got hit on his hand while batting at the nets here on Saturday and was promptly attended to by the visiting team's physio ahead of the fourth Test against Australia.
Rahul was hit on his right hand and was seen in some discomfort at the Melbourne Cricket Ground, which will host the Boxing Day Test from December 26 with the five-match series levelled at 1-1.
There is no clarity on the extent of injury and the team management has also not issued any statement on why he had sought medical attention.
In a video that surfaced on social media, Rahul was seen holding the right hand while receiving treatment.
Rahul has been the team's in-form batter in the ongoing tour, scoring 235 runs from six innings at an impressive average of 47.
The elegant right-hander has so far struck two half-centuries and is set to open the batting alongside Yashasvi Jaiswal in the fourth Test.
Overall, he is the second highest scorer in the marquee series behind Australia's swashbuckling

KL Rahul

GST Council addresses disaster levy, clarifies tax exemptions, and revises ITC norms, while deferring insurance premium GST cut and key rate rationalisation decisions

GST council meeting

Bihar's Deputy Chief Minister Samrat Chaudhary said another meeting of the GoM is scheduled for January before the proposal is reintroduced to the GST Council

Amid controversy over Home Minister Amit Shah's remarks on Ambedkar, Kejriwal launches Dr Ambedkar Samman Scholarship, pledging support for Dalit students pursuing studies abroad

Kejriwal, Arvind Kejriwal

Finance Minister Nirmala Sitharaman on Saturday said that states did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax.
"States did not feel comfortable. They didn't want the ATF because they saw it as part of the crude petroleum diesel basket, and therefore they said that it alone cannot be taken out, and therefore that continues to remain where it is today," she said while briefing media on the outcome of 55th GST Council meeting here.
Besides, she said, no decision was taken with regard to reduction in GST on insurance premiums as the Group of Ministers (Go) needed more time to study the issue.
Many inputs are awaited including the one from insurance regulator IRDAI, she said.
She further said that the GST Council has also deferred the decision with regard to rate rationalisation as more time is required by the GoM for a comprehensive study.
However, the Council made suggestions with regard to GST rate revision on various items including ...

Nirmala Sitharaman, Union Finance Minister

The Supreme Court on Friday said the CAG report looking into the financial record of the DND project in 2016 revealed shocking details including distribution of corporate gifts like gold coins to its employees, sub-staff and drivers.
A bench of Justices Surya Kant and Ujjal Bhuyan upheld the Allahabad High Court order of 2016 directing the private firm Noida Toll Bridge Company Ltd (NTBCL) to stop collecting toll from commuters plying the Delhi-Noida-Direct (DND) flyway connecting South Delhi and Noida.
"The CAG report shockingly reveals that the directors of NTBCL, including Pradeep Puri (who it seems was a senior bureaucrat), apparently did not perform any responsibility, yet all their expenses, including high-end remuneration were added in the total project cost," it said.
Referring to the report, the bench said legal fees amounting to Rs 11 crore, travelling expenses amounting to Rs 400 lakh, and the cost of restructuring deep discount bonds at Rs 33 crore, were also added to th

DND flyway

The discussions are likely to focus on gathering insights and feedback from these experts as part of the ongoing process to review and amend the Waqf Act

Waqf Parliamentary panel

For the Indian IT services sector, which derives over 60 per cent of its revenues from the US, the Fed's cautious stance has mixed implications

it sector training it industry

In two separate filings, the paints company announced the resignation of  Vishu Goel - Associate vice president, retail sales, and  Shyam Swamy, vice president, home improvement, decor, services

Brokerages view on Asian Paints: Paint industry behemoth Asian Paints reported a weak set of numbers in the June quarter of financial year 2024-25 (Q1 FY25). The muted performance was on account of the heatwave, elections and an unfavourable product

South Korea's acting leader said Thursday he would veto a spate of contentious bills sponsored by the main opposition party, deepening political strife in the wake of parliament's impeachment of President Yoon Suk Yeol.
The ruling and opposition parties have been bickering over how much authority Prime Minister Han Duck-soo, the country's No. 2 official, has assumed since the opposition-controlled National Assembly last Saturday voted to suspend Yoon's presidential powers over his short-lived December 3 martial law.
The Constitutional Court is to determine whether to formally dismiss the conservative Yoon as president or reinstate him.
Law enforcement authorities are also separately investigating whether Yoon's martial law enforcement amounted to rebellion.
Yoon's defence minister, police chief and several other military commanders have already been arrested over the case. The main liberal opposition Democratic Party earlier considered impeaching Han as well for failing to stop Yoo

South Korea, S Korea

Security forces busted camps of two banned militant organisations while conducting search operations in Manipur's Imphal East district, police said on Thursday.
A hideout of the banned Kanglei Yawol Kanna Lup (KYKL) at Makou Pourabi in Imphal East district was busted on Wednesday during which one air gun, one mobile handset and one bulletproof helmet were seized, they said.
Another training camp of the proscribed PREPAK also at Makou Pourabi was destroyed on Wednesday during which one INSAS LMG magazine, bayonet, five wooden dummy guns, two walkie-talkie sets, and cartridges were seized.
Police also arrested nine cadres of the banned militant outfit Kangleipak Communist Party (Peoples' War Group) during the last two days for their involvement in extortion activities.
On Wednesday police arrested two members of KCP (PWG) who were involved in extortion activities from Mantripukhri bazar in Imphal East district and recovered demand letters and cash receipt notes of the outfit from the

Weapons, arms, ammunitions

India, US bond yield spread narrowest in nearly 20-yr; Sensex slips below 80K after 4 days of equity selloff

rupee bond

The Opposition Congress has doubled down on its demand for Home Minister Amit Shah's resignation, citing his comments on B R Ambedkar

Rahul Gandhi, Rahul, Congress leader, Priyanka Gandhi, Priyanka

Shares of SpiceJet rallied up to 7.85 per cent at SpiceJet per share on the BSE in Thursday's intraday deals

Spicejet

The official further noted that this year's Budget consultations are particularly significant due to the political outcomes of recent state elections

Nirmala Sitharaman, Nirmala

Mumbai ferry accident: An FIR was filed at the Colaba police station in south Mumbai under relevant sections of Bharatiya Nyaya Sanhita (BNS) against the Navy speedboat driver

Damien Ma

Damien Ma

Damien Ma

Damien Ma: China should stop laughing at the US

China should stop laughing at the US

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Mohali building collapse: NDRF rescue ops enter 2nd day, FIR lodged

Taiwan detects 11 Chinese military aircraft, 6 vessels near island

India exports 14% PVs, 16% 2-wheelers made domestically in 2024: SIAM data

India can never permit others to have veto on its choices: EAM Jaishankar

IND vs AUS: KL Rahul attended to by physio after getting hit on hand

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55th GST Council takes key decisions, defers rate cuts on insurance premium

GST Council defers decision to reduce tax on health, life insurance

Kejriwal launches Dr Ambedkar scholarship amid row over Amit Shah's remarks

States not in favour of bringing aviation turbine fuel under GST: FM

CAG report on DND flyway shocking, says SC, NTBCL gave gold coins to staff