The Bank of Japan raised its interest rates to 0.5%, the highest level since the 2008 financial crisis, demonstrating confidence in stable inflation around the 2% target. The central bank’s decision follows rising wages and aims to gradually increase rates to around 1%, amidst stable financial markets.
FM Sitharaman takes part in customary halwa ceremony; marks final stage of Budget preparation
Finance Minister Nirmala Sitharaman participated in the traditional ‘halwa’ ceremony, marking the final stage of preparing the Union Budget 2025-26. This custom signifies the ‘lock-in’