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While Washington continues a seemingly unbridled spending spree under the assumption “more spending” is better, debts and deficits matter. To better understand the impact of debt and deficits on economic growth, we must know where we came from. The chart shows the 10-year annualized growth rate of the economy over time.

By Liz Lee, Jenny Wang and Ryan Woo

Donald Trump has gone further deeper into troubles with his aide Carlos de Oliveira being charged with federal felonies. He has been accused of helping the former president keep classified documents after leaving office. He also faces the charge of impeding the investigation.

Himachal Pradesh's hotel occupancy rate at almost zero per cent after the recent monsoon fury, the hotel association has announced a 50 per cent discount on room tariffs to woo back tourists and a minister said it was «safe» to travel to the state now. The tourism industry was recovering after the COVID-19 pandemic and recorded one crore six thousand tourist footfalls in the first half of 2023, but the havoc wreaked by heavy rains and floods during the month of July resulted in negligible tourist footfall and thousands of bookings were cancelled.

Kasturirangan Committee report on preservation and protection of the Western Ghats and it's biosphere in consultation with neighbouring states and the Central government. Speaking at the inaugural ceremony of the Interspecies Conclave, hosted by Atria University, in partnership with Swissnex and Federation of Karnataka Chamber of Commerce and Industry, he reiterated that the second committee headed by Sanjay Kumar is expected to submit a report by December and based on which, the government will further deliberate. Addressing the gathering, the Minister said the Kasturirangan Committee report has languished for the last 10 years and before that the Gadgil committee report also faced similar fate and that Karnataka, in consultation with six other neighbouring states and the central government, will implement the Kasturirangan report.

The World Meteorological Organization and the European Union's Copernicus Climate Change Service on Thursday proclaimed July's heat is beyond record-smashing. They said Earth's temperature has been temporarily passing over a key warming threshold: the internationally accepted goal of limiting global warming to 1.5 degree Celsius (2.7 degrees Fahrenheit). Temperatures were 1.5 degrees warmer than pre-industrial times for a record 16 days this month, but the Paris climate accord aims to keep the 20- or 30-year global temperature average to 1.5 degrees. A few days of temporarily beating that threshold have happened before, but never in July. July has been so off-the-charts hot with heat waves blistering three continents — North America, Europe and Asia — that researchers said a record was inevitable. The U.S. Southwest's all-month heat wave is showing no signs of stopping while also pushing into most of the Midwest and East with more than 128 million Americans under some kind of heat advisory Thursday. «Unless an ice age were to appear all of sudden out of nothing, it is basically virtually certain we will break the record for the warmest July on record and the warmest month on record,» Copernicus Director Carlo Buontempo told The Associated Press.

₹765 crore, 61% up from ₹474 crore during the corresponding quarter in the previous fiscal. The net interest income of the bank grew 36% from Rs. 2,751 crore in Q1FY23 to Rs.

NTPC Q1 Results: NTPC announced its April-June quarter results for fiscal 2023-23 (Q1FY24) on July 29, reporting a rise of 23 per cent in consolidated net profit at ₹4,907 crore, compared to ₹3,977.7 crore in the corresponding period last year. The state-owned power generator's revenue from operations in the first quarter of current fiscal stood at ₹43,075.09 crore, marginally lower compared to ₹43,177.14 crore in the year-ago period.

Foreign portfolio investors (FPIs) bought ₹45,365 crore in Indian equities so far this month, which has been marginally lower than the total investment made in June 2023. According to NSDL data, FPIs infused ₹45,361 crore in Indian markets so far in July, taking into account debt, hybrid, debt-VRR, and equities, according to exchange data.

NEW DELHI: Summer crop coverage in India experienced a slight decline, reaching 830.31 lakh hectares as of 28 July, based on the latest data from the Ministry of Agriculture and Farmers’ Welfare. This represents a decrease from the corresponding period last year when the cultivated area stood at 831.65 million hectares. According to the data, rice cultivation, exhibited a notable increase, with an area of 237.58 lakh hectares sown this year compared to 233.25 lakh hectares during the same period in 2022.

Delhi, Noida and Gurugram woke up to heavy rains. For today, the weather department had issued a yellow alert for Delhi, predicting light to moderate rain and a generally cloudy sky. The national capital on Saturday recorded a minimum temperature of 25 degrees Celsius, two notches below the season's average, according to the India Meteorological Department.

electricity and Liquefied Petroleum Gas prices, short-term inflation has witnessed a year-on-year surge of 29.21 per cent for the week ending on July 26, according to official data Dawn reported. The short-term inflation on a week-on-week basis measured by the Sensitive Price Index (SPI), rose 3.73 per cent which marks the highest increase in the past two months.

Siemens Large Drives India, a subsidiary of Siemens AG. On May 19, Siemens had announced the sale for a consideration of Rs. 2,200 crore with effect from 1 st October 2023.

PM KISAN scheme on 27th July, 2023 in Rajasthan. PM Kisan is a Central Sector scheme with 100% funding from Government of India, where beneficiary farmers will receive monetary benefits of Rs 6000 yearly. The fund will be directly transferred to the bank accounts of the beneficiaries.

Jaipur where many areas faced waterlogging on Saturday. Rains have been pounding the district since Friday night, leaving many areas around Sikar Road and Jal Mahal submerged.

By Tim Reid and Alexandra Ulmer

Jennifer Deal is a senior research scientist at the Center for Effective Organizations at the University of Southern California. She is co-author of “What Millennials Want from Work." When leaders hear employees complain about being underpaid, they typically investigate to see if the complaint is reasonable. They might examine pay benchmarks, historical comparisons and what the company can afford to pay without affecting profitability.

L&T buyback 2023: In the history spanning to the tune of eight decades, engineering behemoth Larsen & Turbo (L&T) declared first ever buyback offer in the week gone by. L&T buyback price was announced on Tuesday last week at ₹3,000 per share price. Means, the company would buyback L&T shares from retail investors at ₹3,000 per share price, which is ₹351 per share higher against current L&T share price of ₹2,649 apiece on NSE.

alliance, I.N.D.I.A, is set to arrive at Imphal airport on Saturday to assess the ground situation. The two-day visit (29 and 30 July) follows a chorus from the Opposition members for a debate on the Manipur situation and a statement by Prime Minister Narendra Modi, which has resulted in repeated disruptions and adjournments in both Houses of Parliament. As per the schedule, the delegation split into two teams, will reach the Imphal airport at noon on Saturday and will leave for Churachandpur, the epicentre of the ethnic violence in the state.

gold closed with a loss of $1 at $1959.20 in an eventful week. Gold got some boost from the peak rate narrative as both the European Central Bank and the US Federal Reserve made it clear that they would adopt a data-dependent approach in deciding their monetary policies going forward. However, the much anticipated Federal Reserve pause is still elusive.

Greek island of Rhodes, some people are spending their vacation on empty beaches amongst charred trees and burnt land. The fires, spurred by a sweltering heat wave that blanketed the country, triggered a huge evacuation of residents and tourists on the island last weekend as forests burned for a week. As wildfires scorched the land, tourist and residents worked to extinguish fires by seaside resorts.