The sweeping GST rate reductions announced this week will bolster consumer spending and benefit sectors such as footwear, quick-service restaurants (QSRs), FMCG, and grocery retail, according to Global financial consultancy Bernstein. In a report, Bernstein flagged a notable shift: the reduction of GST on personal care and household products — including soaps, shampoo, hair oil,…
In the 2025-26 school year, the New York City Department of Education (NYC DOE) is projected to spend a staggering $42,168 per student, marking the highest per-student expenditure among major US cities and establishing a new national benchmark for education spending. This substantial investment reflects the city’s commitment to public education amidst evolving challenges and…
Urban Indian families face nine times higher school expenses than rural households Education in India is often described as the great equaliser, but for millions of families, it comes at vastly different costs depending on where they live and which school they choose. The 2025 Comprehensive Modular Survey: Education (CMS: E) reveals a stark reality:…
The United States economy showed stronger growth than previously estimated in the second quarter of the year, government figures showed on Thursday.According to the second estimates released by the US commerce department, the gross domestic product (GDP) rose at an annual rate of 3.3% between April and June, an upward revision from the 3.0% figure…
The countdown has begun for the launch of NISAR, a groundbreaking Earth observation satellite jointly developed by NASA and ISRO. Slated for liftoff on July 30, 2025, at 5:40 PM IST from Sriharikota, the satellite represents a landmark in Indo-US space collaboration. Weighing 2,392 kg and carrying a price tag of $1.5 billion, NISAR is…
French President Emmanuel Macron announced a plan to push forward France’s military spending during his annual speech to the armed forces on Sunday, just before the country’s Bastille Day holiday. “Our freedom has never been so threatened,” Macron said. “There are no more rules, it’s the law of the strongest that wins.” He added, “We…
Yale University announces hiring freeze, spending cuts Yale University has announced a series of immediate cost-cutting measures, including a 90-day hiring freeze, a 5% reduction in non-salary expenditures, delays to upcoming construction projects, and a scaled-back pool for annual salary increases. The decision follows growing financial uncertainty as the U.S. Congress considers changes to federal…
President Donald Trump has signed a significant Republican bill into law, marking a major legislative victory for his administration. The bill includes tax breaks, spending cuts, and increased funding for border security and the Pentagon. Trump celebrated the signing, stating, ‘I had made promises and I have kept my promises. America is winning once again.’…
President Donald Trump plans to sign his package of tax breaks and spending cuts into law Friday after his cajoling produced almost unanimous Republican support in Congress for the domestic priority that could cement his second-term legacy. Against odds that at times seemed improbable, Trump achieved his goal of celebrating a historic and divisive legislative…
Senate Republicans hauled President Donald Trump’s big tax breaks and spending cuts bill to passage on Tuesday on the narrowest of votes, pushing past opposition from Democrats and their own GOP ranks after a turbulent overnight session. Vice President JD Vance broke a 50-50 tie to push it over the top. The three Republicans opposing…