August 6, 2025

Bombay High Court Discusses Chief Minister's Relief Fund Utilization

The Bombay High Court stated it cannot monitor the Chief Minister’s Relief Fund (CMRF) but trusts its proper use. The court dismissed a public interest litigation claiming misuse, highlighting transparency and the ability to access fund transactions under the RTI Act.

August 6, 2025

US Stock Market Responds to Economic Signals as AI Stocks Surge

U.S. stock indexes fell on discouraging economic signals and disappointing earnings from some companies. The Dow lost 189 points, while Palantir and Axon saw substantial gains, signaling strong AI sector growth. Amid tariff concerns, companies like Edgewell and Caterpillar reported weaker profits, heightening uncertainty ahead of potential interest rate cuts from the Federal Reserve.

August 6, 2025

RBI Holds Repo Rate Steady, Leaves Room for Future Rate Cuts

The Reserve Bank of India kept its repo rate at 5.5% amidst global trade uncertainties, with experts suggesting potential for future rate cuts based on economic data. The RBI's neutral stance aims to support growth while managing inflation.

August 6, 2025

Indian Rupee Rebounds Slightly Against US Dollar Amid Market Volatility

On August 6, 2025, the Indian Rupee made a slight recovery, closing 15 paise higher at 87.73 against the US dollar, despite challenges from rising crude oil prices and fluctuations in the equity market.

August 6, 2025

YSRCP Leader Critiques TDP's GST Revenue Claims

Buggana Rajendranath Reddy of YSRCP accuses the TDP-led NDA coalition of misleading the public on GST revenue growth by misusing data, urging for genuine governance and economic reforms.