Rajeev Sharma

4907 Posts
Canada’s Unemployment Rate Climbs to 7% in May, Marking Highest Level Since 2016
06 Jun

Canada’s Unemployment Rate Climbs to 7% in May, Marking Highest Level Since 2016

Rajeev Sharma0 CommentsCanada, , ,
Ottawa, June 6, 2025 – Canada's unemployment rate rose to 7.0% in May, reaching its highest point since September 2016, excluding the pandemic years.  This marks the third consecutive monthly increase, with the rate up from 6.9% in April and a total rise of 0.4 percentage points since February.  Despite the uptick in unemployment, the Canadian economy added 8,800 jobs in May.  Economists noted that while the overall job market showed resilience, certain sectors, such as manufacturing, experienced declines.  Doug Porter of BMO Capital Markets highlighted the encouraging growth in full-time employment but pointed out ongoing weaknesses in specific industries. …
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PM Modi to Address Mega Rally in Siwan on June 20, BJP Promises Major Announcements for Bihar
06 Jun

PM Modi to Address Mega Rally in Siwan on June 20, BJP Promises Major Announcements for Bihar

Rajeev Sharma0 CommentsIndia, Politics, ,
Siwan, Bihar – June 6, 2025: Prime Minister Narendra Modi is set to visit Siwan on June 20 to address a large public rally, as announced by Bihar BJP chief Dilip Kumar Jaiswal. The event is being positioned as a landmark political gathering, with expectations of major policy announcements for the state.This will be Modi’s third visit to Bihar in recent weeks, following his appearances in Madhubani on April 24 and a two-day tour to Patna and Bikramganj in Rohtas district on May 29 and 30. According to Jaiswal, the Prime Minister has visited Bihar 51 times in the past…
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PM Modi Officially Invited to G7 Summit by Canada’s New PM Mark Carney, Signals Thaw in Bilateral Ties
06 Jun

PM Modi Officially Invited to G7 Summit by Canada’s New PM Mark Carney, Signals Thaw in Bilateral Ties

Rajeev Sharma0 CommentsIndia, , ,
New Delhi/Ottawa: Prime Minister of India, Narendra Modi, held a phone conversation with Canada's newly elected Prime Minister Mark J. Carney and congratulated him on his recent electoral victory. During the call, PM Carney extended an official invitation to PM Modi to attend the upcoming G7 Summit, which is scheduled to take place later this month in Kananaskis, Canada.Expressing his delight, PM Modi shared the development on social media, stating, “Pleased to speak with Canadian Prime Minister Mark J. Carney. I congratulated him on his recent election win and thanked him for the invitation to the G7 Summit to be…
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What is the One Big Beautiful Bill Act? Why Did It Spark a Feud Between Donald Trump and Elon Musk?
06 Jun

What is the One Big Beautiful Bill Act? Why Did It Spark a Feud Between Donald Trump and Elon Musk?

Rajeev Sharma0 CommentsBusiness, Trending, World News,
Washington DC (National Times): The One Big Beautiful Bill Act (OBBBA), passed by the U.S. House of Representatives on May 22, 2025, with a 215-214-1 vote, is a comprehensive budget reconciliation package designed to overhaul the U.S. tax code, social programs, and federal spending priorities. Championed by President Donald Trump and House Speaker Mike Johnson, the bill extends the 2017 Tax Cuts and Jobs Act (TCJA) and introduces new tax breaks, spending cuts, and policy changes. Key provisions include: Tax Reforms: Permanently extends TCJA provisions (e.g., tax brackets, doubled standard deduction), eliminates taxes on tips and overtime pay through 2028,…
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Elon Musk’s Starlink Gets Licence to Launch Satcom Services in India
06 Jun

Elon Musk’s Starlink Gets Licence to Launch Satcom Services in India

Rajeev Sharma0 CommentsIndia, Trending, World News,
New Delhi (National Times): In a major development for India’s satellite communication sector, Elon Musk-led Starlink has secured a licence to provide satellite-based communication (satcom) services in the country, sources in the Department of Telecommunications (DoT) confirmed on Thursday. With this approval, Starlink becomes the third company to be granted a satcom licence by the Indian government, following in the footsteps of Bharti Group-backed OneWeb and Jio Satellite Communications. According to sources, Starlink is expected to apply for trial spectrum soon, and the DoT is prepared to allot the required airwaves within 15 to 20 days of receiving the application.…
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Vijay Mallya Blames 2008 Crisis, Lack of Government Support for Kingfisher Collapse; Denies Theft Allegations
06 Jun

Vijay Mallya Blames 2008 Crisis, Lack of Government Support for Kingfisher Collapse; Denies Theft Allegations

Rajeev Sharma0 CommentsIndia, ,
London/New Delhi, June 6, 2025 — Fugitive businessman Vijay Mallya has pointed to the 2008 global financial crisis and the absence of governmental backing as key reasons behind the downfall of Kingfisher Airlines. In a recent interview with YouTuber Raj Shamani, Mallya offered a detailed defense of his actions, stating that despite early warnings about economic troubles, his appeals for help were ignored by authorities.Mallya claimed he approached then Finance Minister Pranab Mukherjee with a plan to downsize the airline by reducing aircraft and laying off staff. He alleges Mukherjee rejected the proposal and assured him of bank support, which…
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Canada Introduces Bill C-3 to Expand Citizenship Rights and Restore Status to “Lost Canadians”
06 Jun

Canada Introduces Bill C-3 to Expand Citizenship Rights and Restore Status to “Lost Canadians”

Rajeev Sharma0 CommentsCanada
Ottawa, Canada (National Times): In a historic move aimed at making Canadian citizenship more inclusive and equitable, the federal government has tabled Bill C-3: An Act to Amend the Citizenship Act (2025). The legislation is designed to reverse the effects of the controversial “first-generation limit” on citizenship by descent, which has long impacted families of Canadians born abroad. The bill was announced by The Honourable Lena Metlege Diab, Minister of Immigration, Refugees, and Citizenship, who described it as a necessary step to remove unfair barriers that have denied citizenship to children of Canadians living outside the country. The Problem: First-Generation…
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Canada-U.S. Trade War Heats Up as Leaders Hold Quiet Talks to Resolve Tariff Dispute
06 Jun

Canada-U.S. Trade War Heats Up as Leaders Hold Quiet Talks to Resolve Tariff Dispute

Rajeev Sharma0 CommentsCanada, ,
Ottawa/Washington: Canadian Prime Minister Mark Carney and U.S. President Donald Trump are in active direct communication amid intensifying trade tensions, triggered by Washington’s decision to double tariffs on Canadian steel and aluminum exports from 25% to 50%.Describing the standoff as a full-fledged "trade war alongside negotiations," Canadian Industry Minister Mélanie Joly confirmed that the two leaders are pursuing a diplomatic path while navigating the economic fallout. Canadian Trade Minister Dominic LeBlanc, U.S. Commerce Secretary Howard Lutnick, and U.S. Trade Representative Jamieson Greer are also engaged in backchannel talks to explore a resolution.U.S. Ambassador to Canada Pete Hoekstra revealed that discussions…
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RBI Cuts Repo Rate to 5.5% to Stimulate Growth, Borrowing Costs Set to Fall
06 Jun

RBI Cuts Repo Rate to 5.5% to Stimulate Growth, Borrowing Costs Set to Fall

Rajeev Sharma0 CommentsIndia, ,
Mumbai, June 6, 2025: The Reserve Bank of India (RBI) on Thursday reduced the benchmark repo rate by 50 basis points, bringing it down to 5.5%. The decision, announced after a meeting of the Monetary Policy Committee (MPC), is aimed at reviving economic momentum and easing the burden on borrowers.This marks the first rate cut by the central bank in more than a year and reflects a more accommodative stance in light of cooling inflation and sluggish private sector investment.RBI Governor Sanjay Malhotra stated,“The MPC decided to reduce the policy Repo Rate under the liquidity adjustment facility by 50 basis…
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PM Modi Inaugurates Chenab Railway Bridge, World’s Highest Rail Arch, Transforming Connectivity in Kashmir
06 Jun

PM Modi Inaugurates Chenab Railway Bridge, World’s Highest Rail Arch, Transforming Connectivity in Kashmir

Rajeev Sharma0 CommentsIndia, , ,
Reasi (Jammu & Kashmir), June 6, 2025: Prime Minister Narendra Modi on Friday inaugurated the Chenab Railway Bridge, the world’s highest railway arch bridge, marking a historic leap in India’s infrastructure development and regional integration. Towering 359 meters above the Chenab River and extending 1,315 meters across the gorge, the bridge surpasses the height of the Eiffel Tower and is a centerpiece of the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project.The USBRL project, valued at approximately ₹44,000 crore, is a strategic initiative aimed at providing all-weather rail connectivity to the Kashmir Valley. The project concludes a 30-year wait for seamless rail access…
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