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A powerful winter storm impacted Southern U.S. states, causing heavy snowfall and icy roads. Arkansas and North Carolina deployed their National Guards to assist stranded motorists as schools closed and states declared emergencies. Atlanta's international airport faced significant delays and cancellations. Travel became hazardous, and power outages affected thousands. Assistance was provided to those stranded by the harsh weather.
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News and Media
Joe Biden, ten days before leaving office, confirmed he will not fade from public life post-presidency. Unlike Donald Trump who is set to be inaugurated as the 47th President, Biden expressed his intention to remain visible and engaged, diverging from the traditionally low profile maintained by former presidents.
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News and Media
India needs 1,094 lakh crore to achieve an 8-9% growth rate by 2036 under the Viksit Bharat plan. Of this, 323 lakh crore will come from banks and 643 lakh crore from the equity market. Domestic savings rates must rise to 33.5%. The government aims to become a $30 trillion economy by 2047.
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News and Media
Heads of microfinance institutions (MFIs) emphasize the difficulty in lowering interest rates without access to cheaper funds, suggesting a dedicated credit guarantee scheme or refinance facility. With current rates between 21% and 24%, there is regulatory pressure to reduce them. Alternatives include revamping existing credit guarantee schemes and introducing an interest subvention scheme.
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News and Media
Mercedes-Benz's car sales fell by 3% in 2024, significantly impacted by a 7% decline in China and a 3% decrease in Europe. Sales of battery-electric cars dropped 23% to 185,100 units, increasing pressure due to new EU CO2 emission targets. The carmaker reduced its profit margin forecast twice and plans further cost reductions.
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News and Media
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