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Rupee ends 4 paise lower at 86.72 against US dollar

February 24, 2025
Finance

Mumbai, Feb 24 (PTI) The rupee dropped 4 paise to settle at 86.72 against the US dollar on Monday amid massive outflow of foreign capital that also dragged down the domestic equity markets by more than 1 per cent. However, a flat greenback against major currencies prevented a sharp fall in the domestic unit, according to forex traders. At the interbank foreign exchange, the local unit opened at 86.58, up 10 paise from Friday’s close of 86.68, but gave way during the session. It eventually settled at 86.72, falling 4 paise from the previous day’s closing level. Jateen Trivedi, VP

BJP leader P C George in jail in hate speech case

February 24, 2025
Politics

Kottayam (Kerala), Feb 24 (PTI) A court in this district remanded BJP leader P C George to judicial custody on Monday in a hate speech case after sending him to police custody until 6 pm the same day. The Erattupetta Munsif Magistrate Court rejected George’s bail application earlier in the day. Senior police officials questioned George before he was sent to jail, police sources said. George, a former MLA, surrendered before the Erattupetta Munsif Magistrate Court around 11.05 am. The case was taken up for consideration at 12.30 pm, followed by arguments from both sides. After hearing the submissions, the

Trump administration eliminating 1,600 USAID jobs in US

February 24, 2025
Retirement

WASHINGTON, Feb 24 (Reuters) – President Donald Trump’s administration said on Sunday it was placing all personnel at the foreign assistance agency USAID, except leaders and critical staff, on paid administrative leave and eliminating 1,600 positions in the United States. Billionaire Elon Musk’s Department of Government Efficiency has led an effort to gut the U.S. Agency for International Development, the main delivery mechanism for American foreign assistance and a critical tool of U.S. “soft power” for winning influence abroad. “I regret to inform you that you are affected by a Reduction in Force action,” said an email sent to one

Musk gives all US federal workers 48 hours to explain what they did last week

February 23, 2025
General

NEW YORK, February 23, 2025 (AP) — Hundreds of thousands of federal workers have been given little more than 48 hours to explain what they accomplished over the last week, sparking confusion across key agencies as billionaire Elon Musk expands his crusade to slash the size of federal government. Musk, who serves as President Donald Trump’s cost-cutting chief, telegraphed the extraordinary request on his social media network on Saturday. “Consistent with President @realDonaldTrump’s instructions, all federal employees will shortly receive an email requesting to understand what they got done last week,” Musk posted on X, which he owns. “Failure to

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