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The Economic Times

Economy / The Economic Times

Quote of the Day by Lao Tzu: Simplicity, patience, compassion. These three are your greatest treasures... Could the secret to a peaceful and successful life be simpler than you think? Discover how Lao Tzus timeless wisdom on simplicity, patience, and compassion can help reduce stress, build inner peace, and guide you toward a more meaningful and balanced life in todays fast-paced world

Quote of the day by Lao Tzu continues to inspire millions because its message remains powerful in today's fast-changing world. The legendary Chinese philosopher and Tao Te Ching author taught that simplicity, patience, and compassion are life's greatest treasures. His timeless wisdom stands apart from modern success formulas. Instead of chasing more, Lao Tzu encouraged people to understand more. Lao Tzu's philosophy reminds readers that lasting happiness often comes from simplifying life, trusti

3 Jun 2026 2:58 am
Chinese Proverb of the Day: 'Learning is as high as the mountains...'-Life lessons on lifelong learning, wisdom, curiosity, and why knowledge has no limits

A Chinese proverb comparing learning to mountains and seas highlights the boundless nature of knowledge. This ancient wisdom emphasizes that education is a lifelong journey, encouraging continuous growth, humility, and curiosity in a rapidly changing world. Embracing lifelong learning is presented as a key to personal development and adaptability.

3 Jun 2026 2:34 am
Bed bugs torment Trump administration's USDA office as infestation returns to APHIS building in Maryland

Bed bugs torment Trump administration's USDA office after an infestation was reported at the George Washington Carver Center in Maryland. Employees were sent home during treatment and later returned. Bed bugs appeared again, creating new concerns among workers. USDA officials said personal belongings left in offices contributed to the issue. The incident has drawn attention because the affected building houses APHIS, an agency responsible for fighting invasive pests and diseases.

3 Jun 2026 1:36 am
ED investigates Vedanta Group for FEMA violations

A Vedanta spokesperson said the company was cooperating with the authorities. We are extending full cooperation to the authorities and are providing all information sought. The company remains committed to compliance with all applicable laws and regulations. As the matter is currently under regulatory process, we are unable to comment further at this stage, the spokesperson said. -Our Bureau

3 Jun 2026 1:07 am
Why are oil prices up today, and will Brent futures and US WTI crude prices continue to rise or decline again? Iran war, Strait of Hormuz disruption and falling oil stockpiles drive market

Why are oil prices up today, and will Brent futures and US WTI crude prices continue to rise or decline again? Oil prices moved higher and reached a one-week high as traders watched developments surrounding Iran and the United States. Concerns over the Strait of Hormuz, lower global oil inventories, and expectations of strong summer demand supported prices. Market participants are now assessing whether Brent futures and US WTI crude prices can continue rising or face another decline depending on

3 Jun 2026 1:06 am
Russia's Mirra Andreeva overwhelms Romanian veteran Sorana Cirstea for return to Roland Garros semi-finals

Mirra Andreeva reached the French Open semi-finals. She defeated Sorana Cirstea convincingly. Andreeva is now a leading contender for the title. She will face Marta Kostyuk next. The young Russian displayed aggressive play throughout the match. She felt she was in the zone during her quarter-final victory.

3 Jun 2026 1:06 am
Curbs on ads by accounting firms lifted: ICAI

The Institute of Chartered Accountants of India has updated its ethics code. This allows chartered accountants and their firms to advertise more freely and develop websites. The institute is also exploring allowing CAs to offer consultancy services to their audit clients. These changes aim to help Indian accounting firms grow and improve audit quality.

3 Jun 2026 1:05 am
Greek proverb of the day: 'Do not give judgment till you have heard the story of...' - thought-provoking life lessons on justice, fairness, active listening, empathy and why you should never judge too quickly and how to avoid misunderstandings

Greek proverb of the day: Ancient Greek saying advises against quick judgments, emphasizing that fairness and truth require patience and listening to all sides. This proverb highlights the importance of understanding multiple perspectives before forming opinions, leading to better decisions and fewer misunderstandings in modern life.

3 Jun 2026 1:04 am
African Proverb of the Day: You know who you love but you cant know Life lessons on relationships, uncertainty, one sided love and why you cant read someones mind

African Proverb of the Day highlights the meaning of You know who you love but you cant know who loves you. The saying reflects how love is often experienced in an uneven way, where a person is fully aware of their own feelings but can only guess the emotions of others. It suggests that while love we feel for someone is clear and direct, the love we receive from others may remain uncertain, hidden, or open to interpretation.

3 Jun 2026 1:01 am
Siddaramaiah appointed CWC member

The folks in charge of Congress seem really eager to keep him happy and agreeable. They're going out of their way to make sure he's pleased with things, probably to avoid any trouble or to get his support on something important. It looks like they're prioritizing his good mood.

3 Jun 2026 1:01 am
Social Security disability benefits under pressure: Why 7,100 SSA layoffs could reshape disability claims in 2026

More than 7,100 Social Security Administration jobs have disappeared, marking the largest workforce reduction in agency history. The move comes as millions depend on Social Security disability benefits, SSI payments, and SSDI benefits for daily survival. With key performance data removed and regional offices closed, concerns are rising over benefit access, claim processing times, and the future of Social Security disability benefits for vulnerable Americans in 2026.

3 Jun 2026 12:59 am
Quote of the day by Jerry Seinfeld: 'Being a good husband is like being a stand-up comic. You need 10 years before...' Life lessons on marriage, relationships and human nature by popular American comedian

Quote of the day by Jerry Seinfeld highlights the idea that becoming a good husband takes time, learning, and experience. The quote compares marriage to stand-up comedy and suggests that people continue to grow in relationships over many years. The message remains relevant because it encourages patience, understanding, self-improvement, and realistic expectations in marriage while offering insight into human nature and long-term commitment.

3 Jun 2026 12:58 am
Abu Dhabi imposes rent freeze amid conflict; experts rule out similar move in Dubai

Abu Dhabi has frozen property rents for residential, commercial, and industrial spaces. This measure aims to provide relief during the ongoing regional conflict. Experts believe Dubai will not implement a similar freeze. This is because Dubai is an international investment hub. Such a move could impact investor sentiment and future property development.

3 Jun 2026 12:57 am
'Will join CJP protest on June 6 if education minister does not resign': Sonam Wangchuk

Climate activist Sonam Wangchuk will join the Cockroach Janata Party on June 6. This action is contingent on the Union education minister's resignation by that date. Wangchuk expressed concerns about the implementation of education policies. He highlighted issues in NEET, CUET, and CBSE exams. Wangchuk seeks improved infrastructure for primary school students.

3 Jun 2026 12:56 am
FootballGPT: AI unearths football talent beyond scouts' radar

Young footballers are now getting a chance at professional careers thanks to artificial intelligence. Apps allow players to upload videos of their skills. AI analyzes these videos and sends the data to scouts. This technology is helping players like Leo Veiga from Brazil get noticed by Italian clubs. It is also boosting women's football recruitment.

3 Jun 2026 12:56 am
Surrendered Maoist couple welcomes Sai

Chhattisgarh Chief Minister Vishnu Deo Sai visited a grocery shop in Bijapur. The shop is run by a couple who were previously associated with the Maoist movement. This visit highlights the transformation brought about by the end of Maoism in the region. The Chief Minister was on his way to a village meeting when he stopped at the shop.

3 Jun 2026 12:53 am
Retail loan stress is the new growth driver for ARCs

During 2025-26, ARCs acquired stressed debt worth more than Rs 2 lakh crore, comprising Rs 1.5 lakh crore of corporate loans and Rs 50,000 crore of retail assets. Retail acquisitions increased Rs 54,727 crore year-on-year, while corporate acquisitions expanded Rs 1.5 lakh crore.

3 Jun 2026 12:52 am
Silver imports via authorised channels only

New import rules for silver are now in effect. All silver imports must go through specific government-approved channels. This includes agencies nominated by the RBI and DGFT, as well as qualified jewelers. These imports will be processed through the India International Bullion Exchange. This move follows a recent increase in import duties on gold and silver.

3 Jun 2026 12:50 am
Himachal CM enumerates himself

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu has completed his self-enumeration for Census 2027. He is urging all citizens to participate in this important national exercise. People are encouraged to complete their self-enumeration online by June 15. The Director of Census Operations briefed the Chief Minister on the digital process. Citizens are asked to extend their cooperation.

3 Jun 2026 12:47 am
Manipur hostage release deferred over 'sentiment'

Manipur's hostage situation is worsening. The United Naga Council has cancelled the release of 14 Kuki hostages. They demand the release of six Naga civilians held by Kuki groups. Vehicular movement is blocked on the national highway. Both communities have imposed economic blockades. Chief Ministers of Meghalaya and Nagaland are urging for the immediate release of all hostages.

3 Jun 2026 12:44 am
SBI Chairman, Apple India MD among 29 Members appointed to Board of Trade led by Piyush Goyal

The government has appointed 29 prominent individuals to the Board of Trade. This board, led by Commerce and Industry Minister Piyush Goyal, will focus on enhancing manufacturing and exports. The nominated members will assist in implementing district export hub initiatives. They will also advise the government on policies to increase export earnings and review sector performance.

3 Jun 2026 12:43 am
IndusInd Bank faces fresh whistleblower allegations

The complaint, a copy of which was seen by ET, was also sent to the Serious Fraud Investigation Office (SFIO), National Financial Reporting Authority (NFRA) and other agencies. It alleges insider trading by Samir Agarwal, former zonal head of eastern India at IndusInd Bank, manipulation of financial records, evergreening of microfinance loans, suppression of audit findings and attempts by senior management and board members to conceal irregularities.

3 Jun 2026 12:39 am
India-UK FTA implementation stuck due to carbon tax on steel; Scotch duties may be rolled back to rebalance pact

India and the UK held great conversations to boost economic ties, with discussions focusing on the Comprehensive Economic and Trade Agreement. New Delhi is concerned about Britain's new steel safeguard measures and carbon border adjustment mechanism, potentially impacting tariff concessions on Scotch whisky. Both nations aim for swift implementation of the trade deal.

3 Jun 2026 12:38 am
Chana prices climb over 9% in a month

Chana prices are rising despite a strong harvest and large buffer stocks. Government procurement is a key driver, absorbing a significant portion of the chana from the market. Lower imports of chana and yellow peas also contribute to the price increase. Traders anticipate prices will remain firm.

3 Jun 2026 12:38 am
War shifts 80% of India's diesel exports to Africa

India's diesel exports saw a significant shift in May. Africa became the primary destination, absorbing over 80% of shipments. This change occurred as demand from Asia and Europe weakened. Geopolitical tensions also reshaped global diesel trade flows. Higher refinery operations in Asia reduced import needs. Europe received no diesel, while Asian shipments dropped sharply.

3 Jun 2026 12:34 am
States asked to focus on sowing pulses, oilseeds

India's government is urging states to focus on pulses and oilseeds for the upcoming kharif sowing season. This directive comes amid predictions of below-normal monsoon rains and potential disruptions in fertilizer supplies. The aim is to boost domestic production and reduce reliance on imports. Efforts are underway to improve seed availability and farming techniques for these crucial crops.

3 Jun 2026 12:33 am
GOQii moves SC over higher customs duty on fitness trackers

GOQii Technologies has approached the Supreme Court. The fitness tech company wants a decision on customs duty for its imported bands. It argues they are pedometers, not communication devices. The Customs Tribunal classified them as communication devices. GOQii states Bluetooth is only for data syncing. The company claims the devices work independently.

3 Jun 2026 12:30 am
Regional curbs dampen microfin revival in South India as biz looks up

Tamil Nadu saw a 2.3% quarter-on-quarter squeeze in the state's microfinance outstanding portfolio to Rs 38,900 crore at the end of March, while Karnataka recorded a mere 1.1% growth during the period, data from credit information company Crif High Mark showed. Karnataka had outstanding microfinance loans of Rs 28,600 crore at March-end.

3 Jun 2026 12:30 am
JioStar sees a dip in sports contract provisions in FY26

JioStar India has significantly reduced its sports contract provision to over seventeen thousand crore rupees for FY26. This move addresses costly sports rights commitments. The company utilized a large portion of its provision in FY26. Provisions are created for anticipated future losses. These provisions mainly relate to International Cricket Council media rights.

3 Jun 2026 12:28 am
CBSE chairman, secretary ousted amid escalating OSM evaluation row

After their recent appearance before a parliamentary committee that was evaluating the controversial on-screen marking system for Class 12 boards, the CBSE chairperson and secretary have been dismissed from their positions. A new chairman has been designated to take charge, and an independent inquiry will examine the technology acquisition process.

3 Jun 2026 12:26 am
New producer price index set to replace WPI over next five years

India is set to introduce a new Producer Price Index, covering output, input, and services. This move aims to provide a more accurate picture of inflation. The existing Wholesale Price Index will be phased out over five years. The new indices will use 2022-23 as the base year. This transition aligns with global standards and IMF recommendations.

3 Jun 2026 12:23 am
French Proverb of the Day: Never trust a woman who Life lessons on perception, trust, social judgment, character and why actions speak louder than words

French Proverb of the Day highlights the meaning of Never trust a woman who mentions her virtue. The saying reflects traditional attitudes toward morality, reputation, and social perception, where virtue was often judged through silence, appearance, and behavior rather than open self-expression. It suggests the idea that people who frequently speak about their own moral goodness may be perceived as less authentic, and that true character is believed to be revealed through actions rather than wor

3 Jun 2026 12:23 am
US tariffs on agricultural machines to be cut, 50% metal levies stay

The US has reduced tariffs on farm equipment to 15% and introduced a new 10% tariff for products using at least 85% US-origin metals. These changes, lasting until December 31, 2027, aim to lower costs for American farmers and manufacturers. However, core metal tariffs remain high, with limited overall benefit expected for India.

3 Jun 2026 12:21 am
NIA chargesheets 31 in Malda SIR obstruction cases

The National Investigation Agency has filed chargesheets against 31 individuals. These charges relate to road blockades and the illegal detention of judicial officers in Malda. The incidents occurred ahead of the assembly polls. The NIA's investigation established coordinated unlawful assemblies and obstruction of government officials. The accused disrupted law and order through their actions.

3 Jun 2026 12:20 am
CERT-In warned CBSE over flaws in online evaluation portal in February and May

India's cyber security watchdog, CERT-In, has detected critical vulnerabilities in the online assessment system of CBSE. Despite numerous alerts about these shortcomings, one portal was flagged as not fit for live operations. The IT ministry has since informed a parliamentary committee of the situation. Questions were also raised regarding the effectiveness of the answer sheet scanning process.

3 Jun 2026 12:19 am
Banks flag bad loans, rising fraud in SHGs

Banks are flagging increased fraud and loan defaults within self-help groups. To combat this, lenders are suggesting mandatory unique registration numbers for groups and their members. A central registry for cross-verification is also proposed. This aims to improve transparency and track loan exposures effectively. The government is already monitoring SHG-bank linkages.

3 Jun 2026 12:18 am
Chinese proverb of the day: 'Even a hero finds it hard to pass the barrier of a...' Life lessons on beauty, human nature, romance, communication, and why one should not lose focus around alluring people

Chinese proverb of the day highlights the ancient Chinese saying, Even a hero finds it hard to pass the barrier of a beautiful woman. The proverb explains how desire can affect judgment, focus, and decisions. It teaches lessons about human nature, romance, emotional awareness, communication, and self-control. The saying remains relevant today because people still face distractions, temptations, and emotional challenges in personal and professional life.

3 Jun 2026 12:18 am
Oman beats Qatar as Indias top LNG supplier as war disrupts Gulf gas flows

In a significant turn of events, Oman has emerged as India's top source for liquefied natural gas, particularly following the upheaval caused by the Iran war that interrupted gas flow in the Gulf region. This strategic pivot took place in March, with Indian buyers seeking more stable energy alternatives.

3 Jun 2026 12:03 am