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The Economic Times

Economy / The Economic Times

Psychology says people who save special items for the future are not being practical: Why the brain delays joy, waiting for the perfect moment

Psychology suggests that adults who hold on to special items are rarely acting irrationally. More often, they are trying to preserve something meaningful, such as security, comfort, possibility or hope. The challenge is that the brain can sometimes overlook an important reality: many treasured things are meant to be enjoyed and experienced, not saved indefinitely.

16 Jun 2026 11:57 pm
CAG asks states to disclose off-budget borrowings in A/Cs

India's Comptroller and Auditor General, K Sanjay Murthy, urged state governments to fully disclose their off-budget borrowings. He highlighted that these liabilities have reached 90.51 lakh crore. States are advised to reduce these debts over time. Accurate reporting is crucial for understanding the true scale of state finances and ensuring fiscal transparency. This will aid informed decision-making by policymakers.

16 Jun 2026 11:55 pm
He shot a wolf for fun. Then something in its dying eyes turned a hunter into America's greatest conservationist

As the animal lay dying, Aldo Leopold looked into its eyes and saw what he later described as a fierce green fire fading away. In that moment, something changed. The young hunter who believed that fewer wolves meant more deerand better huntingbegan to realize that neither the wolf nor the mountain agreed with such simple thinking.

16 Jun 2026 11:00 pm
JSW Dulux aims for top 2 position in decorative paints after Akzo buy

JSW Dulux is targeting a top-two position in India's paint market. The company plans aggressive expansion and significant investments in its brands and manufacturing. This strategy leverages the JSW Group's strengths to capture future growth opportunities in the expanding Indian market. The Dulux brand will remain central to this ambitious plan.

16 Jun 2026 11:00 pm
UP extends summer vacation for schools amid heatwave conditions: Check reopening date and other details

Uttar Pradesh schools affiliated with the Basic Education Council and recognized institutions have extended summer vacations until June 24 due to severe heatwave conditions. Regular classes will now commence on June 25, with staff reporting earlier for preparations. This move prioritizes student safety and aims for academic calendar uniformity.

16 Jun 2026 10:56 pm
Business quote of the day by Google CEO Sundar Pichai: As a leader, it is important to not just see your own success, but focus on the success of others What business owners can learn from Sundar Pichai's mindset

Google CEO Sundar Pichai emphasizes that leaders must focus on others' success. True leadership means helping teams grow and reach their potential. This approach builds stronger organizations and fosters loyalty. Business owners should create opportunities for employees and partners. This collaborative mindset drives long-term success. The most respected leaders inspire and mentor others.

16 Jun 2026 10:51 pm
French proverb of the day: 'In love, there is always one who suffers and one who gets...' - thought-provoking life lessons on love, attachment, relationship struggles, emotional awareness and why one partner has stronger feeling than the other

French proverb of the day: A French saying reveals a truth about love. It states that in romance, one person often suffers while the other is bored. This reflects the reality of emotional differences in relationships. The saying encourages partners to be aware of these imbalances. It stresses the importance of communication and mutual effort for a strong connection.

16 Jun 2026 10:50 pm
Want your money to grow? CA shares a simple formula for long-term wealth creation. 'Too many people waste...'

Chartered Accountant Nitin Kaushik has shared a simple but powerful lesson on wealth creation, emphasizing that long-term investing beats frequent trading. In a post on X, he explained that real wealth grows through patience and compounding rather than trying to time the market or chase quick gains. According to Kaushik, allowing investments to remain untouched for years can deliver far better results than constantly buying and selling based on fear or greed.

16 Jun 2026 10:50 pm
'Wait till US discovers it': Spain's Billarda goes viral; Indians say it's a 2,000-year-old game called gilli danda

A Spanish game called Billarda has gone viral on Indian social media. Many Indians recognize it as their ancient game, gilli danda. Videos show players flicking a small stick with a larger one towards a target. This has brought back childhood memories for many. Gilli danda is believed to be over 2,000 years old.

16 Jun 2026 10:48 pm
The US is using an Iranian smuggling tactic to sneak oil out of the Gulf

The US military is secretly guiding oil tankers through the Gulf of Oman. This operation uses drones and helicopters to facilitate ship-to-ship transfers. The goal is to keep energy exports flowing despite regional tensions. At least 116 ships have been involved since May. This method mirrors tactics used by Iran to bypass sanctions. The transfers occur near Fujairah and Sohar.

16 Jun 2026 10:47 pm
Your airplane seat could determine accident survival chances: Worst and best places to sit, finds research

Research into past aviation accidents suggests that passengers seated in certain places may have better chances of survival in certain crash scenarios. However, experts stress that no seat can guarantee safety because every accident is different. Studies, crash investigations, and aviation specialists agree that factors such as the type of crash, evacuation speed, and passenger behavior often play a bigger role than seat location alone.

16 Jun 2026 10:33 pm
Quote of the Day by Morgan Housel: 'Spending money to show people how much money you have...'- The Psychology of Money author's classic money lesson on why looking rich can be the fastest way to lose wealth

Morgan Housel, a renowned financial writer, shares a powerful money lesson. He explains that spending to impress others is the quickest route to financial decline. True wealth is built by saving and making wise choices, not by displaying possessions. Housel's insights from 'The Psychology of Money' highlight the difference between appearing rich and actually being financially secure.

16 Jun 2026 10:33 pm
SEEPCO supplies 6 million barrels of Nigerian crude to Indian refiners

Amidst West Asia crisis concerns, India's state-run refiners diversified oil supplies by sourcing nearly six million barrels from Nigeria's SEEPCO between March and May 2026. This move, utilizing crude from SEEPCO's Okwuibome field, bypassed the Strait of Hormuz, bolstering India's energy security during global uncertainty.

16 Jun 2026 10:23 pm
India launches UPI at department store in France

India's digital payment system, UPI, has expanded its global reach with a launch at Galeries Lafayette in Nice, France. This move strengthens economic and technological ties between India and France. Following its introduction at the Eiffel Tower earlier this year, UPI is now available in nine countries. This allows Indian travelers to make easy payments abroad using familiar platforms.

16 Jun 2026 10:22 pm
Govt likely to clear Dixon-Vivo JV deal this month

The government is set to approve the Dixon-Vivo joint venture this month. Dixon Technologies will hold a majority stake in this new venture. This partnership aims to manufacture electronic devices, including smartphones. Vivo's Noida facility will be integrated into the joint venture. This move will significantly reduce Vivo's operational risks in India.

16 Jun 2026 10:21 pm
G7 Summit: PM Modi meets Canadian counterpart, discusses ways to build stronger partnership

During a significant summit in France, Prime Minister Narendra Modi engaged in crucial discussions with Canadian Prime Minister Mark Carney. They focused on fortifying their nations' relationship through avenues like commerce, renewable energy, and educational partnerships.

16 Jun 2026 10:16 pm
Assam CM Himanta Biswa Sarma virtually inaugurates PNG projects in Mangaldai, Tezpur

Assam Chief Minister Himanta Biswa Sarma inaugurated new natural gas projects to bring piped natural gas to homes and industries, and compressed natural gas to vehicles. This initiative promotes cleaner energy and reduces reliance on imported fuels.

16 Jun 2026 10:08 pm
Forget the internet, there's a hidden superhighway under your feet, and it's almost a billion Sun trips long

Forget the internet, there's a hidden superhighway under your feet, and it's almost a billion Sun trips long and scientists have now mapped this underground fungal network for the first time. The study shows that these fungal networks stretch about 110 quadrillion kilometers across Earth. They help plants obtain nutrients and water, move around 4 billion tons of carbon dioxide into soils each year, and support ecosystems. Researchers say the findings could help conservation efforts, climate plan

16 Jun 2026 9:55 pm
She didn't follow a strict diet, join a gym or use protein supplements. But her before-and-after photos left her stunned

A young woman achieved significant weight loss without gyms or crash diets. She focused on walking 10,000 steps daily and eating home-cooked vegetarian meals. This approach led to a 5 kg loss in just a few months. Her journey highlights the power of consistent, simple lifestyle changes for effective weight management.

16 Jun 2026 9:51 pm
Spanish proverb of the day: There is no evil from which... - Turn pain into purpose: Timeless wisdom and valuable life lessons hidden within every challenge you face and overcome

Spanish proverb of the day: It reminds us that difficult moments often carry unexpected value. Challenges teach perspective. Failure reveals opportunity. Hardship builds resilience. Life lessons emerge through experience. Personal growth begins when we stop resisting change and start discovering the wisdom hidden within every obstacle.

16 Jun 2026 9:50 pm
School assembly news headlines for June 17: Top national, international, business, sports update and thought of the day

Today's school assembly news covers significant national developments including new prescription mandates for medicinal syrups and ISRO's upcoming PSLV launch. Internationally, a potential US-Iran agreement and G7 cooperation on China are highlighted, alongside a B-52 bomber crash. In sports, Vaibhav Sooryavanshi's on-field incident and Smriti Mandhana's inclusion in TIME's list are noted.

16 Jun 2026 9:45 pm
World should move from donor-recipient to partnerships based on solidarity and equality: PM Modi to G7 leaders

Speaking at the Outreach Session on 'Forging new Partnerships and rebuilding international solidarity here, Modi also underscored the importance of rust in building international partnerships, especially in an increasingly interconnected world.

16 Jun 2026 9:42 pm
US-Iran deal allows Tehran to immediately sell oil: Report

America will permit Iran to start selling oil and fuel immediately. This follows a memorandum of understanding to end a war. Sanctions on Iranian oil sales will be waived. This waiver also includes banking, transportation, and insurance services. These provisions take effect once the agreement is signed this week.

16 Jun 2026 9:38 pm
India's first digital repository of space-sector capabilities launched at ISC

The platform brings together more than 200 verified space and defence companies across nearly 20 domains and over 120 sub-domains. It aims to create a single, trusted platform for capability discovery, collaboration and business development across the Indian space ecosystem.

16 Jun 2026 9:37 pm
Chinese proverb of the day: 'If You Give a Man a Fish, You Feed Him for a Day. But If You Give Him a Fishing Rod, You Feed Him for a Lifetime' teaches why education, skill development matter

Chinese proverb offers enduring wisdom about education, empowerment, and self-reliance. While temporary assistance is sometimes necessary, lasting change comes from equipping people with the skills and opportunities they need to succeed independently. The proverb highlights the transformative power of knowledge and the importance of investing in human potential. By teaching, mentoring, and empowering others, we create stronger individuals, healthier communities, and a more prosperous world. Ulti

16 Jun 2026 9:27 pm
Andhra Pradesh to inaugurate 24 power transmission projects worth Rs 3,507 crore by December 2026

Andhra Pradesh is set to significantly upgrade its electricity network. Twenty-four power transmission projects valued at Rs 3,507 crore will be completed and commissioned by December 2026. These initiatives aim to enhance grid stability and support the state's development. APTRANSCO is actively working on numerous projects to meet growing power demands and ensure reliable supply across Andhra Pradesh.

16 Jun 2026 9:21 pm
Proverb of the day: 'If hard work led to success the donkey would own the farm...' A powerful lesson on why success requires more than just long hours

The proverb, If hard work led to success the donkey would own the farm, challenges the belief that effort alone guarantees achievement. While hard work remains important, the saying highlights that success often depends on a combination of strategy, opportunity, knowledge, timing, and decision-making. This traditional folk proverb continues to resonate today as a reminder that working smarter, adapting to circumstances, and recognizing opportunities can be just as important as working hard.

16 Jun 2026 9:09 pm
Gems, jewellery exports dip 2.49% to USD 2,047.80 million in May: Trade body

India's gems and jewellery exports saw a dip in May. High gold prices and supply issues impacted overall shipments. Gold jewellery exports declined significantly. However, studded gold jewellery exports showed growth. Cut and polished diamonds, lab-grown diamonds, and silver jewellery exports performed well. The industry is addressing challenges with the government.

16 Jun 2026 8:52 pm
Psychology says people who save shopping bags inside other shopping bags are responding to an ancient survival instinct

At its heart, this habit is rarely about the bags themselves. It is more about psychological efficiency. The brain naturally seeks to reduce uncertainty, prevent waste and prepare for future needs. A larger bag filled with smaller ones may seem trivial, but from a psychological perspective, it often symbolizes a much deeper desire for security, readiness and control.

16 Jun 2026 8:51 pm
Cant even take a Monday off: Employees one-week vacation request denied despite 5 years at job

A finance analyst's vacation request was denied by their manager and he is not even allowed to take one Monday off, according to a Reddit post. The employee is the only analyst in their team and leads critical presentations and the situation has sparked debate on workplace boundaries and PTO policies. Many suggested the employee seek new employment or follow formal HR procedures.

16 Jun 2026 8:46 pm
CCI clears TVS Group's acquisition of PGIM India AMC, Temasek-Romsons deal

India's fair trade regulator CCI has given the green light for TVS Group entities to acquire PGIM India Asset Management. The regulator also cleared Temasek's investment in medical devices maker Romsons Group. These approvals pave the way for significant business consolidations in the financial and healthcare sectors. The deals involve substantial stake acquisitions and restructuring.

16 Jun 2026 8:36 pm
Life lesson of the day by Niccol Machiavelli: 'Never attempt to win by force what can be won by...' - inspiring quote on solving problems, decision-making and how strategic thinking can help you achieve your goals by Italian Renaissance diplomat and The Prince writer

Life lesson of the day by Niccol Machiavelli: Niccol Machiavelli advises that success often stems from strategic thinking and understanding situations, rather than brute force. He suggests that a calculated approach, involving careful planning and adaptation, can achieve better outcomes than direct confrontation.

16 Jun 2026 8:34 pm
Assam: Defence ministry to acquire 333.662 acres for Artillery Brigade location plan

The Ministry of Defence will acquire land in Assam's Udalguri district to establish units of an Artillery Brigade. The expansion is linked to the 21 Mountain Division stationed in the region.

16 Jun 2026 8:33 pm
Arunachal rolls out major deregulation drive to boost investment

Arunachal Pradesh has significantly eased business regulations. The state has streamlined processes across 51 areas, including land, environment, and labour. Reforms include self-certification, digital platforms for approvals, and simplified utility connections. These measures aim to attract investment by creating a transparent and efficient business ecosystem. The government is committed to fostering growth while respecting the state's heritage.

16 Jun 2026 8:28 pm
Quote of the Day by all-time best-known American film critic Roger Ebert: 'Life always has an unhappy ending, but...'- A powerful life lesson on why happiness matters more than finding perfect meaning by the first person to receive a Pulitzer Prize for film criticism

Roger Ebert, the renowned film critic, offered a powerful life lesson. He suggested that life's journey, filled with joy and simple pleasures, holds more value than an unending quest for profound meaning. Ebert's perspective encourages appreciating present moments. His own life, marked by challenges, exemplified finding happiness amidst struggles. This wisdom resonates for everyone living their own story.

16 Jun 2026 8:03 pm
Bengaluru techie's first salary was Rs 32,000. Then his father asked for Rs 5,000 and taught him a lesson he'll never forget

A Bengaluru techie's first salary of Rs 32,000 was intended for personal purchases like shoes and a phone. However, his father's request for Rs 5,000 to contribute to others shifted his perspective. This experience taught him the profound fulfillment of giving back, making his first paycheck a lesson in responsibility and generosity rather than just spending.

16 Jun 2026 8:00 pm
Egyptian proverb of the day: 'Living life based on wisdom and truth, one can discover the divinity of the soul, its union to universe and supreme peace which comes from satisfying the inner drive for self-discovery ', a lesson on spirituality

An ancient Egyptian proverb reveals that true peace stems not from possessions but from self-understanding. By living with wisdom and truth, individuals can uncover their soul's divinity and its connection to the universe, leading to supreme contentment. This timeless message emphasizes the importance of an inward journey for lasting fulfillment.

16 Jun 2026 7:47 pm
The Devil Wears Prada 2 OTT release update: Where and when to watch the hit franchise sequel starring Ann Hathaway, Meryl Streep and Emily Blunt

Nearly 20 years after the original film became a global hit, The Devil Wears Prada 2 brought back Miranda Priestly, Andy Sachs and Emily Charlton for a new chapter set in today's digital media landscape. While the sequel is playing in theatres, reports suggest it could arrive on OTT between late August and September 2026. The film is expected to stream on JioHotstar in India, while Disney+ and Hulu are likely to carry it in the United States, although an official announcement is still awaited.

16 Jun 2026 7:46 pm