Major airlines reopened flights across the Caribbean region after U.S. Transportation Secretary Sean Duffy said on X that the U.S. would lift airspace restrictions at 12 a.m. ET on Saturday.
Leaders of the Corporation for Public Broadcasting, a private agency that has steered federal funding to PBS, NPR and hundreds of public television and radio stations across the country, voted Monday to dissolve.
Consumer goods demand saw a strong recovery in the October-December quarter, driven by GST cuts and easing inflation. Sales of electronics like ACs and TVs rose significantly, marking the retail market's best growth phase in over 18 months. Retailers remain cautious but inventory levels have decreased.
India is looking at Net Domestic Product as a key economic indicator. This move aligns with the United Nations' SNA 2025 guidelines. NDP accounts for asset depreciation and resource depletion, offering a clearer picture of economic costs. The statistics ministry is preparing for this change, with implementation planned for 2029-30. A revised GDP base year is also coming soon.
The Reserve Bank of India has issued new rules for related party transactions. Existing deals not meeting the new standards can continue until they mature. Equity investments are not included in these new directions. The RBI aims to prevent conflicts of interest and improve corporate governance. These changes will affect banks and other regulated entities.
