RBI has cut the repo rate by 25 bps to 5.25%. That’s great news for borrowers but it can be bad news for fixed deposit investors. Here’s what may happen to FD rates, what senior citizens can do

The RBI’s six-member MPC cut the repo rate by 25 bps to 5.25% and kept the policy stance neutral.

The Trump administration has tightened checks on H-1B visa applicants once again. This time, even your LinkedIn activity and content moderation history could determine your eligibility. Here’s what’s

The Income Tax Department has launched a fresh compliance drive targeting undisclosed foreign assets and income. Around 25,000 individuals will receive SMS and email alerts asking

Stranded flyers face brunt of IndiGo turmoil: Following flight cancellations, airfares of Air India, Akasa, Spicejet rise exponentially, dealing a double blow

indigo airlines, indigo

Business Standard

The RBI MPC revised its inflation forecast downward from 2.6 per cent to 2 per cent in the December meeting

Sanjay Malhotra, RBI, RBI Governor

Withdrawal of rules comes a day after IndiGo told the DGCA that the disruptions were caused due to 'misjudgment and planning gaps' in the implementation of the rules

Here are the best of Business Standard's opinion pieces for today

Banks

US President Donald Trump on Tuesday repeated his claim of resolving the India-Pakistan conflict and asserted that he should get the Nobel Peace Prize for each of the eight wars he says he has ended.
We ended eight wars...But we're going to do one more, I think, I hope, Trump said in remarks at a Cabinet Meeting, referring to the Russia-Ukraine war.
Every time I end a war, they say, if President Trump ends that war, he's going to get the Nobel Prize'. If I end that war, well, he won't get it for that war, but if he ever gets it for the next war'.
"Now they're saying, if he ever ends the war with Russia and Ukraine, he's going to get the Nobel Prize'. What about the other eight wars? India, Pakistan, think of all the wars I ended. I should get the Nobel Prize for every war, but I don't want to be greedy, Trump said.
The US President said he cares more about the lives being lost in these wars, and added that the 2025 Nobel Prize laureate Venezuelan activist Mara Corina Machado Parisc

Donald Trump, Trump

Press Trust of India

Polling for the first phase of 264 municipal councils and nagar panchayats across Maharashtra on Tuesday was marred by allegations of bogus voting and violence with even supporters of ruling allies BJP, NCP and Shiv Sena coming to blows at some places, officials said.
A voter turnout of 47.51 per cent was recorded till 3.30 pm with the State Election Commission (SEC) not providing the final figure till late night. An official said data is being compiled from across districts and the final voting figure will be released on Wednesday.
In a related development, the Bombay High Court directed the SEC not to hold the counting of votes for the first phase of local body polls on December 3, as scheduled earlier, on the ground the "disclosure of public mood" through the results might affect the subsequent phase of the elections.
The results of Tuesday's elections should be published along with the results of the December 20 elections, the HC said. In a subsequent statement, the SEC said the

Vote, Voter, Voting, Bihar Election, Election

A new nationwide groundwater assessment shows rising uranium and nitrate contamination - with Punjab and Delhi among the worst affected - raising urgent health and policy concerns

In doling out the first ever penalty under the Digital Services Act, the European Commission concluded that X's paid-for blue tick symbol misled users

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