funding disruptions

The long-awaited Sindhu Nagar metro station is set to become a reality with the Metro 5A corridor, following the state government's approval of ₹4,063 crore for its implementation. This development, alongside significant funding for road concreting and water supply projects, promises to enhance connectivity and infrastructure in Ulhasnagar.

Community murals in Delhi's Sundar Nagri, unveiled on International Workers Day, powerfully illustrate the harsh realities of extreme heat on laborers. Greenpeace India's campaign urges recognizing heatwaves as a national disaster, demanding funding and action to protect workers from the escalating crisis.

In its latest study on emerging-market sovereigns, the agency notes that India has ranked among the more resilient economies since 2020, based on multiple indicators such as sovereign bond spreads, domestic yield movements, and exchange-rate stability.

Weeks of conflict have intensified Iran's economic pressures, straining its financial system despite ongoing internal resilience and limited external trade. While facing significant business challenges and rising costs, Iran is leveraging domestic resources and alternative trade routes to sustain itself amidst a Gulf standoff and stalled ceasefire talks.

An unprecedented international effort involving the FBI, Dubai Police, and Chinese Ministry of Public Security has dismantled nine cryptocurrency investment fraud centers, leading to the arrest of 276 individuals. These operations targeted Americans, resulting in millions of dollars in losses. The crackdown highlights a global commitment to combating cross-border financial crime.

Michael Bloomberg's 1981 dismissal from Salomon Brothers at 39, his sole employer, became a career turning point. Receiving a partnership buyout, he leveraged this severance to launch Innovative Market Systems, the precursor to Bloomberg L.P. This financial cushion, combined with his market expertise, fueled his entrepreneurial journey, transforming adversity into a foundational success story.

For RBI the situation is clear: The resilience of the global economy, already inflicted with trade tensions, is being tested by the conflict in West Asia. The biggest takeaway from the RBI bulletin is that India’s domestic supply chains may come under risk from a prolonged war scenario, though strong macroeconomic fundamentals provide a buffer.

Meta reported a loss of 20 million daily active users across its apps, attributing the decline to geopolitical factors in Iran and Russia. Despite this user dip, the company is significantly increasing its AI investment to between $125 billion and $145 billion for 2026, while also undergoing workforce reductions and facing legal challenges regarding youth safety.

India is experiencing extreme heatwaves, with temperatures soaring and heatwaves arriving earlier and with greater intensity. This is exacerbated by the El Niño phenomenon, which is expected to strengthen. The heat poses significant health risks and economic challenges, impacting daily life and livelihoods across the nation. Adaptation and mitigation strategies are crucial for navigating this growing crisis.

Pakistan admits its vulnerability to global oil shocks, lacking strategic reserves like India, which holds 60-70 days of stock. Islamabad's limited reserves leave it exposed, unlike India's stable prices aided by fiscal space and strategic stockpiles. Pakistan's IMF commitments restrict its ability to offer consumer relief amid soaring crude prices.

US President Donald Trump shared a modified map renaming the Strait of Hormuz as the "Strait of Trump," following claims that a naval blockade against Iran could last for months. This development occurs as Iran rejects US claims about economic damage and criticizes the blockade strategy, with its parliament speaker calling the advice "junk."

ALPS Has Just About 500 Patients Worldwide

Joseph Vijay Chandrasekhar has unsettled Tamil Nadu’s old DMK-AIADMK political frame. In this Q&A, journalist Nirupama Subramanian explains why his rise is not just about fan politics; where the DMK misread the state’s mood; and why Vijay’s agenda for the state remains unclear