Prasenjit Bhowmik

US Federal Reserve Holds Benchmark Rate Steady: Implications for India’s Economy

The US Federal Reserve has decided to maintain its benchmark interest rate in the range of 4.25% to 4.50%, signaling a cautious approach amid persistent inflation and slowing economic growth. This decision, announced during the Federal Open Market Committee (FOMC) meeting on March 19, 2025, has sparked discussions about its potential impact on global markets,…

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US State Department Condemns Minority Attacks in Bangladesh, Backs Interim Government’s Efforts

The United States Department of State has strongly condemned the recent violence against minority communities in Bangladesh. During a press briefing on March 19, 2025, State Department Spokesperson Tammy Bruce reaffirmed Washington’s commitment to promoting tolerance and inclusivity globally. She also expressed support for the measures taken by Bangladesh’s interim government to ensure the safety…

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IndusInd Bank Fiasco: What Happened, Who’s Responsible, and Should Customers Be Concerned?

IndusInd Bank, one of India’s leading private sector banks, has recently come under scrutiny following the revelation of significant derivative losses amounting to ₹1,577 crore. This financial discrepancy, which accounts for 2.35% of the bank’s net worth, has raised serious concerns about transparency, governance, and risk management within the institution. What Led to the Fiasco?The…

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Noel Tata to Invest ₹91,000 Crore in India’s First Smart Industrial City

Months after the passing of Ratan Tata, Noel Tata has announced a monumental investment of ₹91,000 crore to develop India’s first smart industrial city in Dholera, Gujarat. This ambitious project is set to transform the region into a global hub for advanced manufacturing and technology. The Tata Group, under Noel Tata’s leadership, will establish a…

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New Screening Method Revolutionizes Detection of Blood Disorders

A groundbreaking study has introduced a more efficient and cost-effective screening method for detecting inherited blood disorders, such as thalassemia and sickle cell disease. The research, conducted by the Bengaluru-based NGO Sankalp India Foundation, highlights the advantages of using High-Performance Liquid Chromatography (HPLC) as the initial diagnostic tool over the traditional Complete Blood Count (CBC)…

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