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Chiseling away at President Barack Obama's Affordable Care Act. Rolling back the green energy tax breaks from President Joe Biden's Inflation Reduction Act. At its core, the Republican big, beautiful bill is more than just an extension of tax breaks approved during President Donald Trump's first term at the White House. The package is an attempt by Republicans to undo, little by little, the signature domestic achievements of the past two Democratic presidents. We're going to do what we said we were going to do, Speaker Mike Johnson said after House passage last month. While the aim of the sprawling 1,000-page plus bill is to preserve an estimated USD 4.5 trillion in tax cuts that would otherwise expire at year's end if Congress fails to act and add some new ones, including no taxes on tips the spending cuts pointed at the Democratic-led programmes are causing the most political turmoil. The nonpartisan Congressional Budget Office said this week that 10.9 million fewer people wou

India Macro Indicators

TREND | 07 Jun 2025

HDI has a heavy income bias

Business Line

As income is an important component of development, the low per capita GDP in India may limit significant progress in HDI

Naidu pushes forVisakha Economic Region' as the growth engine of Andhra Pradesh

Business Line | 06 Jun 2025 1 more

India Macro Indicators

TREND | 06 Jun 2025

MPC fires policy bazooka: repo rate cut 50 bps, CRR slashed 100 bps

Business Line

Inflation outlook improves, allowing RBI room for pro-growth shift

India Macro Indicators

TREND | 06 Jun 2025

Home Loan Interest Rates In June 2025: SBI, HDFC Bank, PNB, ICICI Bank And Others; Check Latest Rates

NDTV Profit

The central bank has announced a 50 basis points rate cut, which means that EMIs on home and other loans are expected to decrease soon.

India Macro Indicators

TREND | 06 Jun 2025

Asia Sees Trump's 5%-Of-GDP Defense Spending Goal As Unrealistic

NDTV Profit

Bond markets are already nervous about burgeoning budget shortfalls, making arms upgrades a source of financial, not just geopolitical, risk.

India Macro Indicators

TREND | 05 Jun 2025

Retail inflation likely to ease to 6-year low of 3% in May on cooling food prices: UBI

Business Line

Effectively, overall inflation declined 18 basis points in April 2025 compared to last year's period. According to the data, core inflation remained almost flat at 4.09% in April, while core inflation excluding gold stayed unchanged at 3.3%

Inflation data threatened by US government's hiring freeze as tariffs loom

Business Standard | 05 Jun 2025

India Macro Indicators

TREND | 04 Jun 2025

India opposed, but ADB approved $800 million loan to Pakistan

Business Line

Despite India's warnings on fund misuse and Pakistan's declining debt-to-GDP ratio, ADB approved the controversial financing package