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India's external debt experienced a 10% surge, reaching $736.3 billion by March 2025, with the debt-to-GDP ratio slightly increasing to 19.1%. The non-financial corporate sector held the largest share of borrowing, while loans constituted the major component of the total external debt. The US dollar remained the dominant currency in India's foreign borrowing.
Prada's 2026 menswear line, featuring sandals resembling Kolhapuri chappals, has sparked controversy in India over cultural appropriation. While Prada acknowledges the design's inspiration and commits to engaging with Indian artisans, LIDCOM is considering legal action due to the lack of credit and potential GI violation.
Foreign portfolio investors injected over Rs 13,107 crore into Indian markets between June 23-27, signaling strong confidence. This surge brings June's total net investment to Rs 8,915 crore. Easing global tensions and the RBI's recent rate cut of 50 bps have boosted sentiment. India's macroeconomic stability and promising indicators are attracting foreign capital, positioning it as a favorable investment destination.
Warren Buffett donates whopping $6 billion Berkshire shares! Highest charity by billionaire in nearly 2 decades; total crosses $60 billion
https://timesofindia.indiatimes.com/business/international-business/warren-buffett-donates-whopping-6-billion-berkshire-shares-highest-charity-by-billionaire-in-nearly-2-decades-total-crosses-60-billion/articleshow/122125976.cms

Warren Buffett, the billionaire investor, has donated $6 billion worth of Berkshire Hathaway stock to charity, marking his largest annual contribution since 2006. The Bill & Melinda Gates Foundation received a significant portion, with the rest going to foundations run by Buffett's children. This donation brings Buffett's total charitable giving to over $60 billion.
Standard Chartered's report indicates that economic activity, rather than liquidity surplus, primarily drives credit growth. While excess liquidity might boost unsecured personal loans, it doesn't guarantee broad credit expansion. Historically, overall credit as a share of GDP declines during high liquidity periods, suggesting real credit demand is tied to economic activity.
Starting in 2026, the full retirement age for social security will rise to 67, impacting retirement plans for millions. Early retirement at 62 could mean a 30% benefits reduction. Reforms enacted in 1983 addressed financial challenges, but trust funds may only cover full benefits until 2034, potentially reducing monthly payments.
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2025/06/30 07:21:19
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