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Inflation in the US accelerated in April to its highest level in three years, driven by rising fuel and food prices as the economic fallout from President Donald Trump’s Iran war continued to weigh on household budgets.Data released by the Commerce Department on Thursday showed that the personal consumption expenditures (PCE) index — the Federal…
What happens in the Strait of Hormuz does not stay in the Strait of Hormuz. The US-Iran war may be centred in the Middle East, but its economic tremors are now rattling wallets across America. As tensions escalated and the crucial oil route came under pressure, fuel prices began their wild ride, pushing inflation higher,…
HYDERABAD: In a state often celebrated for its rapid progress and development, a quieter, more uncomfortable reality persists behind closed doors. For thousands of households across Telangana, basic necessities—something as fundamental as a toilet, a tap, or a light switch—remain out of reach.One question remains: Can development truly be called progress if it leaves so…
America’s widening income divide has become more visible after the sharp rise in fuel prices linked to the Iran war, with lower-income households forced to cut back on driving even as their spending on gasoline increased, according to a new Federal Reserve Bank of New York study cited by AP.The report showed that while wealthier…
NEW DELHI: Around 12 lakh households across 11 states and Union Territories have self-enumerated so far for the houselisting operations (HLO) phase of Census 2027. More than half of these households availed of the self-enumeration facility in the past four-five days.With the conclusion of the 15-day self-enumeration window on Wednesday across the Andaman and Nicobar…
MUMBAI: The recent steep rise in the price of gold has catapulted the total estimated value of the yellow metal with Indian households to over $5 trillion, pegging it at about 125% of the country’s GDP. However, this massive gold purchase year after year “represents a conversion of financial savings (bank deposits) into physical assets….
Today Liquefied Petroleum Gas (LPG) has become one of the prime concerns for aam janta in India. For those who don’t know, LPG is the most widely used fuel across the globe. But given the current conflict in West Asia involving Iran, the United States and Israel particularly, the price of LPG has been severely…
The government on Wednesday said India’s crude oil supplies remain secure and urged consumers not to panic over LPG availability, noting that steps have been taken to ensure fair distribution amid geopolitical disruptions.Sujata Sharma, Joint Secretary (Marketing & Oil Refinery) in the Ministry of Petroleum and Natural Gas, said domestic LPG supplies are currently being…
Around the crack of dawn, a line begins forming at a strip mall in Hyattsville, Maryland, as residents ranging from students to delivery workers and federal contractors wait to sign up for food assistance.“Right now, it’s a lot — paying rent, buying food,” said Shirleyann Desormeaux, a chef supporting four children in her household.Even with…
Budget 2026 income tax expectations (AI image) By Surabhi MarwahThe Union Budget 2026 comes at an important moment, as taxpayers prepare for a major shift—the introduction of the Income-tax Act, 2025 (ITA 2025), effective April 1, 2026. This is one of the most significant updates in decades, and many individuals are hoping that the Budget…
