economic uncertainty

Austin-based TTEC has temporarily halted its 3% 401(k) matching contributions for US employees for nine months, a move aimed at cost reduction amidst economic uncertainty. This decision, communicated via an internal memo, highlights a common strategy for companies to avoid layoffs by adjusting benefits. Experts note such pauses are cyclical during economic downturns, with many companies eventually restoring matches.

Prime Minister Modi's appeal to curb gold purchases amid global economic uncertainty has sparked anxiety among Ranchi's jewellers during the peak wedding season. The statement, aimed at conserving foreign exchange, is feared to impact customer sentiment and the livelihoods of artisans and workers in the local bullion market.

Government officials in Bhubaneswar are now urged to use official vehicles judiciously, prioritizing ride-sharing and avoiding personal trips to conserve fuel amid global economic concerns. This initiative, championed by Additional Chief Secretary Usha Padhee, aims to boost efficiency and cut costs across all departmental agencies. The move aligns with national calls for energy conservation and responsible public resource management.

Lokesh’s ‘activist supreme’ slogan tops Mahanadu agenda

In Buxar, jewellery merchants express deep concern following Prime Minister Modi's suggestion to curtail gold purchases. They argue that such measures could jeopardize jobs and threaten the livelihood of small enterprises. Gold, they insist, holds immense cultural value and provides financial security for many rural and middle-class households.

India remains the largest buyer of Russian seaborne crude, with imports touching near-record levels in April and May following previous sanctions-related relaxations.

External Affairs Minister S Jaishankar criticized "unilateral coercive measures" and sanctions, stating they disproportionately harm developing nations and cannot replace diplomacy. He also voiced concern over the West Asia crisis, emphasizing the need for uninterrupted maritime traffic and a sustained ceasefire in Gaza, advocating for a two-state solution.