Traditional plum cake, gifts wrapped in bright colours, and warm lights—that's what a usual Christmas looks like. But all of this involves vast sums of money. Watch the video to know the economics behind it.

Traditional plum cake, gifts wrapped in bright colours, and warm lights-that's what a usual Christmas looks like. But all of this involves vast sums of money. Watch the video to know the economics behind it.

The economics behind Christmas & New Year

The financial firm's total revenue from operations also declined by 44 per cent year-on-year (Y-o-Y) to Rs 1190 crore in the quarter ending March

RBL Bank on Friday reported an 81 per cent decline in its net profit to Rs 69 crore for the fourth quarter of FY25 on an increase in provisions.
The lender had earned a net profit of Rs 353 crore in the year-ago period.
During the quarter, the bank's total income increased to Rs 4,476 crore as against Rs 4,215 crore a year ago, RBL Bank said in a regulatory filing.
Interest income grew to Rs 3,476 crore during the period under review, from Rs 3,339 crore in the corresponding quarter a year ago.
On the asset quality side, the bank's Gross Non-Performing Assets (NPAs) dropped to 2.6 per cent of gross advances as of March 31, 2025, from 2.65 per cent by the end of March 2024.
Net NPAs also came down to 0.29 per cent of the advances from 0.74 per cent at the end of 2024.
However, provisions and contingencies rose to Rs 785 crore compared to Rs 414 crore a year ago.
During the financial year 2024-25, the bank's net profit almost halved to Rs 695 crore as against Rs 1,168 crore in the

Interest income grew to Rs 3,476 crore during the period under review, from Rs 3,339 crore in the corresponding quarter a year ago

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The Centre on Friday defended the amended Waqf Act in the Supreme Court and opposed any "blanket stay" by the court on a "law having presumption of constitutionality passed by Parliament".
In a preliminary 1,332-page affidavit, the Centre urged the top court to dismiss the pleas challenging the validity of Waqf (Amendment) Act, 2025, pointing out a "mischevious false narrative" surrounding certain provisions.
"While this court would examine these challenges when the cases are heard, a blanket stay (or a partial stay) without being aware of the adverse consequences of such an order in a generality of cases (even on members of the Muslim community itself) were the petitions to be unsuccessful, would be uncalled for, especially in the context of the presumption of validity of such laws," it argued.
The Centre, as a result, urged a bench headed by Chief Justice Sanjiv Khanna, set to hear pleas for passing interim directions on May 5, not to stay the law's provisions.
The government ...

The Centre, as a result, urged a bench headed by Chief Justice Sanjiv Khanna, set to hear pleas for passing interim directions on May 5

Delhi Police arrested social activist Medha Patkar earlier today in connection with a 24-year-old defamation case filed by Delhi LG VK Saxena

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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The economics behind Christmas & New Year

Traditional plum cake, gifts wrapped in bright colours, and warm lights—that's what a usual Christmas looks like. But all of this involves vast sums of money. Watch the video to know the economics behind it.

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