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Death by firing squad is a sentence usually meted out in the military for heinous crimes like murder or desertion. The condemned prisoner is tied to a post or stood against a wall. A group of five or more soldiers aim at him, and on command, fire their rifles simultaneously.

As nations, both India and the US have shared civilizational values, especially the unshakeable belief in democracy as a just and equitable political model. There is another critical area where commonality seems to be emerging: the path that leads from monetary policy to the political economy. The US central bank, the Federal Reserve, and the Reserve Bank of India (RBI) are both confronted with a quandary that has implications for the theatre of politics.

Edited excerpts: Indian investors predominantly stick to a market capitalization-based investment approach; a bulk of it focussed on large, mid, or small-cap stocks. However, the concept of investing in various styles or themes hasn't gained much traction yet. Themes have demonstrated long-term growth potential in India.

Gold prices edged down on Monday as a steady U.S. dollar made bullion less affordable for overseas buyers, while investors awaited further clues on when the U.S. Federal Reserve would deliver its first interest rate cut.

Mint looks at the concept, the pros and cons of implementing it and the outcomes of past attempts. It is a process by which income and wealth is transferred from the rich to the poor through steps such as taxes, land reforms and welfare measures. This is done to bridge economic inequality in the system.

JPMorgan CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation

A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid

₹50 lakh annual fee and spend another ₹20 lakh on living expenses. The total money coming from these students into Boston from BU alone comes to about ₹490 crore. Northeastern University, in the same city with similar fee, has around 2,000 Indian students who bring about ₹1,500 crore annually to Boston.

“Election Pitch" data series, we pick one significant reform from each year the current government was in power, and check where things stand now. A decade after its launch, the Pradhan Mantri Jan Dhan Yojana (PMJDY) has over 520 million accounts with a total balance of around ₹2.32 trillion. The scheme provides a zero-balance bank account, a RuPay debit card and ₹1-lakh accident insurance.

Amid the debate over whether and when the Federal Reserve cuts interest rates, another important argument is unfolding: where do rates settle in the long run? At issue is the neutral rate of interest: the rate that keeps the demand and supply of savings in equilibrium, leading to stable economic growth and inflation. For the last 40 years, and especially following the 2008 financial crisis, economists and Fed policymakers steadily revised down their estimates of neutral. This view became embedded in bond yields, mortgage rates, equity prices and countless other assets.

Also read: Why should women understand and manage personal finance? In 2000, when India was the 13th largest economy, the Sensex reached its all-time high of 5,934 points. Ten years later, when India became the 10th largest economy, the Sensex had notched 21,005. In 2020, when we were the sixth largest, the all-time high was 47,751.

Bank of Japan kept interest rates unchanged, driving the yen to a fresh 34-year low, while US inflation showed few signs of simmering down. The Japanese yen slumped as BOJ Governor Kazuo Ueda played down the impact on inflation from a weakening currency. While he’s indicated a preference to proceed gradually with rate increases, Ueda is trying to avoid restraining the economy. That’s becoming even more challenging after US data this week indicated inflation accelerated in the first quarter, reinforcing expectations the Federal Reserve is likely to keep interest rates higher for longer.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says “I feel that the current market is giving an opportunity during the corrections and these corrections come on a stock-specific basis. These corrections do not come on an overall market basis. So, if Kotak Bank or Bajaj Finance is down, that becomes a buy opportunity for investors to buy into the portfolio largely because when the next trigger comes in, the recovery would be equally sharp of 20-25% and that is where contra-buy has to take place.”

₹6,995 per barrel on the multi commodity exchange (MCX). Also Read: US Q1 GDP: At 1.6%, US economy grows at slowest pace in 2 years, misses estimates on sharp uptick in core inflation -Benjamin Netanyahu, Israel's prime minister, said that any rulings by the International Criminal Court, which is investigating Hamas' attacks on Israel and the military assault, would not affect Israel's next actions, but would ‘’set a dangerous precedent.'' -Israel's military said that its air force struck in Lebanon's West Beqaa District and killed a militant who advanced attacks against Israel. Israel stepped up air strikes on Rafah after saying it would evacuate civilians from city in southern Gaza and launch an all-out assault despite allies' warnings that doing so could cause mass casualties.

Amit Shah on Saturday said if Narendra Modi continues to be the prime minister for the third consecutive term, he would end terrorism and Naxalism from the country and also make India the world's third largest economy. He was addressing an election rally at Porbandar in Gujarat in support of the Bharatiya Janata Party (BJP) candidate Mansukh Mandaviya. Shah said that when Article 370 was scrapped, Congress leader Rahul Gandhi opposed the move, saying it would lead to a river of blood flowing in Kashmir. «In the last five years, let alone the river of blood, nobody even dared to throw a stone there. PM Modi worked to finish terrorism and Naxalism from the country. When Manmohan Singh was the country's prime minister, anyone could enter the country from Pakistan and blow up bombs,» the senior BJP leader said. «When Pakistan carried out terrorist attacks in Pulwama and Uri, it forgot that Modi was the prime minister. Within 10 days, PM Modi carried out surgical and air strikes to finish off terrorists on Pakistan's soil,» he said.

jobs available through the portal were significantly higher than job seekers. The number of job-seekers registered through the portal in FY24 is 87,27,900 as against job vacancies of 1,092,4161, as per NCS data.

Copper and aluminium, the most used industrial metals, have gained substantially in the past few weeks. The rally was associated with supply uncertainties and a notable increase in global demand. The Western ban on Russian metals, hopes of US rate cuts, and diversification of holdings of central banks also uplifted the sentiments. Copper futures are hovering near lifetime highs in the key Chinese markets, while they are trading at two-year highs on futures platforms like LME and MCX. Aluminium prices are currently at record levels in Indian markets, gaining over 20 percent since the start of the year.

China's industrial firms rose 4.3% in the first quarter from a year earlier, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy. The jump was slower than a 10.2% rise in the first two months, National Bureau of Statistics (NBS) data showed.

Amazon reporting results will keep investors' focus in the days ahead on the global rates outlook and on tech earnings, while growth and inflation data from Europe and China are also coming out.

Gold rate today: On account of ease in the Iran-Israel war buzz and dent in the US Fed rate cut speculations in the upcoming US Fed meeting, gold prices witnessed strong profit-booking last week. Gold futures contract on the Multi Commodity Exchange (MCX) for June 2024 expiry ended its five-week rally and finished at ₹71,486 per 10 gm level, ₹2,472 per 10 gm or around 3.35 percent lower from its record high of ₹73,958 per 10 gm mark that it touched on 12th April 2024.

The yield on the benchmark 10-year Treasury Note is causing market-watchers to, well, yield and take notice.