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Yellen: Biden’s plan could restore full employment by 2022

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Treasury Secretary Janet Yellen has said the country was still in a deep hole with millions of lost jobs but that President Joe Biden’s USD 1.9 trillion relief plan could generate enough growth to restore full employment by next year. Republican senators argued that Biden’s proposal was too expensive and they cited criticism from Larry Summers, a treasury secretary under President Bill Clinton, that passage of the measure could run the risk of triggering runaway inflation. Summers also contended that Biden’s plan would make less money available for other initiatives…

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BUSINESS NEWS CATEGORIES 

Sensex rallies over 600 pts to hit record high; Nifty tops 15,100

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Equity benchmark Sensex rallied over 600 points to scale fresh lifetime high in early trade on Monday tracking strong gains in index majors ICICI Bank, HDFC Bank and M&M amid a positive trend in global markets. The 30-share BSE index was trading 668.36 points or 1.32 per cent higher at its record intra-day peak of 51,399.99. Similarly, the broader NSE Nifty surged 192.55 points or 1.29 per cent to its lifetime high of 15,116.80. Mahindra and Mahindra (M&M) was the top gainer in the Sensex pack, soaring around 10 per…

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LEGAL NEWS NEWS CATEGORIES 

SC seeks explanation from NCB for delay in filing plea against HC verdict

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The Supreme Court has termed as atrocious the manner in which a sensitive matter of narcotics has been sought to be prosecuted, and directed the Narcotics Control Bureau (NCB) to give an explanation over the delay in filing a plea against the Rajasthan High Court verdict in the case. The apex court, which observed that a petition challenging the high court’s December 2018 verdict acquitting the accused persons in a narcotics case has been filed before it after a delay of 652 days, noted the glaring gaps and said the…

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ENTERTAINMENT NEWS CATEGORIES 

Vikram Bhatt collaborates with Mahesh Bhatt for horror film ‘Cold’, says will reinvent genre

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Filmmaker Vikram Bhatt on Monday announced his next horror film, “Cold”, featuring actors Akshay Oberoi and Anisha Pahuja. “Cold” is written by filmmaker Mahesh Bhatt and Suhrita Sen Gupta. The film reunites Vikram Bhatt and Mahesh Bhatt, almost two decades after the latter wrote the hit horror film, “Raaz”. According to the makers, “Cold” chronicles the story of a woman who emerges from a horrific time and throws light on how she survives alone in a big city, surrounded by the danger of losing her life. Vikram Bhatt, known for…

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NEWS CATEGORIES SPORTS 

Underway at Australian Open: Serena Williams wins easily

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After briefly falling behind, Williams swept 10 consecutive games and beat Laura Siegemund 6-1, 6-1 on the first day of the tournament Monday. The victory marked the start of Williams’ latest bid for a record-tying 24th major title, and as she left the court, she flexed her biceps. “This was a good start vintage ‘Rena,” she said. “It’s definitely good. I’m pretty good at pacing myself at a Grand Slam. Williams wore a colorful one-legged catsuit, and her game looked flashy, too. She lost only nine points on her serve…

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NATIONAL NEWS NEWS CATEGORIES 

COVID-19: India now 3rd topmost country to give highest doses of vaccine

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 India has become the third topmost country in the world in terms of the number of COVID-19 vaccine doses administered, the Union Health Ministry said on Sunday. Only the United States and the United Kingdom remain ahead of India. The ministry said 12 states in India have vaccinated more than 2 lakh beneficiaries each. Uttar Pradesh alone accounts for 6,73,542 of all vaccinated beneficiaries. Till February 7, 8 am, a total of 57.75 lakh beneficiaries have received the vaccine under the countrywide COVID-19 vaccination exercise. The cumulative vaccination coverage includes…

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NEWS CATEGORIES WORLD NEWS 

Ensure democracy’s norms maintained, protesters demonstrate peacefully: US Caucus to India

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 A powerful India Caucus in the US Congress has urged the Indian government to ensure that the norms of democracy are maintained and protesters allowed to demonstrate peacefully and have access to the Internet as it held a meeting with New Delhi’s envoy here. India’s Ambassador to the US Taranjit Singh Sandhu, who regularly interacts with India Caucus members on a number of issues, had a virtual meeting with the top leadership of the Congressional India Caucus last week. The members included congressmen Brad Sherman and Steve Chabot who are…

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ENTERTAINMENT NEWS CATEGORIES 

Stephen King’s ‘Rita Hayworth’ out as standalone book

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Acclaimed author Stephen King’s “Rita Hayworth and Shawshank Redemption”, a tale of unjust imprisonment and offbeat escape which was the basis for Oscar-nominated “The Shawshank Redemption”, is now available for the first time as a standalone book. “Rita Hayworth and Shawshank Redemption” is regarded one of King’s most iconic stories, and it helped make Castle Rock a place readers would return to over and over again. Suspenseful, mysterious, and heart-wrenching, this novella, populated by a cast of unforgettable characters, is about a fiercely compelling convict named Andy Dufresne who is…

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NEWS CATEGORIES SPORTS 

Pant-Pujara in rescue act after top order collapse hits India

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Rishabh Pant’s flair and Cheteshwar Pujara’s doggedness came to India’s rescue after a top-order collapse as the side reached 154/4 at tea in reply to England’s enormous first innings total of 578 on the third day of the opening Test here on Sunday. Pujara (53) and Pant (54), heroes of India’s remarkable Brisbane Test triumph in the recent tour of Australia, combined to keep India afloat with a partnership 81 runs in 14.3 overs so far. The home team still trails England by 424 runs. For England, off-spinner Dom Bess…

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BUSINESS NEWS CATEGORIES 

Sitharaman extends cash benefit to Assam tea workers

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Ahead of the assembly polls in Assam, Union Finance Minister Nirmala Sitharaman on Saturday distributed Rs 3,000 each to 7.47 lakh tea garden workers in the state, totalling Rs 224 crore. The Union finance minister was in the city to participate in the programme to offer financial assitance to tea workers under the third tranche of the Assam Chah Bagicha Dhan Puraskar Mela Scheme. Before 2014 Lok Sabha polls, Narendra Modi ji had wished to work for the upliftment of tea garden workers and accordingly several schemes were launched after…

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