The Indian Rupee dropped nearly 0.6% to breach the 87 mark against the U.S. Dollar amidst a global meltdown for emerging market currencies after President Trump imposed higher tariffs on Canada, Mexico, and China. Economic Affairs Secretary Ajay Seth emphasized India’s focus on managing volatility and not using exchange rate policies to promote exports, aiming to make the country more self-reliant and competitive. The government aims to address uncertainties and strengthen export competitiveness through quality improvements and avoiding cost disadvantages in tariff policies and regulations.
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In a first, 9 sentenced to life by court in Bengal for ‘digital arrest’ fraud
In a landmark decision, a Kalyani court in Bengal sentenced nine scammers to life imprisonment for extorting Rs 1 crore through 'digital arrest' threats, labeling their actions as "economic terrorism." The gang, responsible for defrauding 108 individuals across India, was apprehended with strong digital evidence, and the case involved testimonies from 29 witnesses over a five-month trial. Explain It To Me Like I'm 5: In a landmark case, a court in Bengal sentenced nine scammers...
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