Oil prices surged Friday as US-Iran tensions flared, reversing earlier declines. US strikes on Iranian targets prompted accusations of ceasefire violations, escalating fears over the vital Strait of Hormuz. This geopolitical volatility overshadows concerns about suspicious trading activity linked to policy announcements, impacting global energy supplies and inflation.
India’s global migration impact is soaring, with its diaspora of 19 million driving a record $137 billion in remittances for 2024. The nation also leads in student and skilled worker emigration, particularly in tech and healthcare. Key corridors include UAE, US, and Saudi Arabia, showcasing a dynamic shift in global labor.
Markets regulator Sebi has immediately discontinued the Investor Risk Reduction Access (IRRA) platform for stock brokers. Introduced last October, the system is now redundant due to enhanced cyber security, disaster recovery, and business continuity measures. Brokers have adopted advanced technologies, and exchanges offer a backup trading facility, making IRRA unnecessary.
RBI is not alone in repatriating its gold reserves. Several central banks like France’s Banque de France, Germany’s Deutsche Bundesbank, Serbia’s National Bank have done the same – buy why?
Commerce and Industry Minister Piyush Goyal chaired a meeting to develop a roadmap for securing Sanitary and Phytosanitary (SPS) approvals for Indian agricultural and fisheries products in global markets. This initiative aims to boost exports, enhance farmer and fisherfolk incomes, and strengthen the food processing industry by improving quality infrastructure and aligning with global food
