The Economic Times
Elections 2026Economy / The Economic Times
A new rule from the SECURE 2.0 Act allows families to move unused money from a 529 college savings plan into a Roth IRA. This change started in 2024 and gives more flexibility if college plans change. The rollover has limits and conditions, but it helps families avoid penalties and use education savings to build retirement funds in the future.
Marilyn Monroe's enduring quote, Sometimes good things fall apart so better things can fall together, reflects her own life of hardship and triumph. Her journey from an unstable childhood to Hollywood stardom, marked by both success and personal struggles, imbues this message with profound meaning. The quote encourages viewing life's disruptions as opportunities for growth and renewal.
Highway developers received assurances from NHAI regarding essential material supply. The ongoing Middle East conflict raises concerns about rising costs and potential project delays. Developers are urging the government to classify the situation as a Force Majeure event. This would offer protection against revenue shortfalls and extend project timelines. NHAI is monitoring the evolving situation closely.
India is increasing fertiliser imports from global suppliers. Shipments are being closely watched to ensure they reach farmers on time for the upcoming kharif season. The government assures adequate stock despite global supply chain issues. Gas supply to fertiliser companies remains a priority. India holds a strong buffer stock, with reserves significantly higher than last year.
Quote of the day by Anais Nin: Her powerful words urge women to take charge of their destinies. She believed women should build the lives they desire themselves. This message champions independence and self-reliance. Nin's own life and writings, including her diaries, explored these themes. Her work continues to inspire women to recognize their potential and shape their own paths.
The Reserve Bank of India is gathering information on foreign exchange deals from banks. This move aims to understand if significant bets are being placed against the Indian rupee. The central bank is looking at client transactions and bank positions. This data will help the RBI manage currency fluctuations and make informed decisions to control volatility in the coming days.
A new private jet service for pets in Dubai is now overwhelmed with requests from people wanting to leave the UAE. Regional conflict has closed airspace, stranding many. This has caused private jet hire prices to double. The company is adapting to the situation, hoping to resume its original plans soon.
India might ease cabotage rules for foreign ships carrying domestic cargo. This move is being considered due to a potential shortage of vessels and containers. The West Asia conflict is impacting freight costs and shipping. Authorities are discussing temporary solutions to manage the crisis. Discussions also involve handling stranded cargo and ensuring the safety of Indian vessels.
Escalating Middle East conflict is expected to increase demand for essential medicines. This surge could lead to higher drug prices, potentially benefiting Indian pharmaceutical manufacturers. Companies are monitoring the situation closely. Increased demand for chronic and acute therapy drugs is anticipated. Indian firms may see export disruptions but also higher overall demand if the conflict extends.
India's purchase of Russian crude oil despite Western sanctions echoes past diplomatic waivers. This practice allows nations to secure energy supplies during volatile times. Similar exemptions were previously granted for Iranian oil imports. These waivers demonstrate how major powers prioritize energy security and geopolitical interests, even when sanctions are in place. India has consistently benefited from such diplomatic flexibility.
Geopolitical tensions in West Asia are likely to keep crude oil prices high. This could increase India's inflation by up to 20 basis points in FY27. Economists suggest fuel retailers might absorb some costs, limiting immediate consumer price hikes. Higher oil prices may also affect economic growth and widen the current account deficit.
The widening conflict in the Gulf region has sharply squeezed global crude supply and sent prices soaring, with Brent topping $89 per barrel on Friday.
Indian fruit and vegetable exporters face a crisis. Shipping lines are imposing hefty war-risk surcharges, even on cargo already at sea. This is causing significant financial strain, with many small exporters fearing bankruptcy. The government is mediating discussions as exporters seek relief from these unexpected charges. Some shipments are being diverted, adding further complications and costs for perishable goods.
Flight fares for European routes from India have surged by over 40% week-on-week due to geopolitical developments in the Middle East. Airlines are slashing routes and facing increased operational costs, leading to significant fare hikes and limited availability on key corridors like Dubai and Germany.
Defence minister Rajnath Singh described the West Asia geopolitical situation as highly unusual. He warned of adverse impacts on the global economy and trade. The Strait of Hormuz and Persian Gulf are strategically vital for energy security. Disruptions there affect oil and gas supplies. This will lead to supply chain issues in other sectors.
Rates for shipping lines to buyback this cover that usually climb as much as 50% in wartime have instead tripled in some cases - rising to $750,000 per vessel from $250,000, the people said, asking not to be identified because the information is private.
India's solar industry is pushing for significant government funding to boost domestic manufacturing of solar ingots and wafers. The National Solar Energy Federation of India has requested 20,000-25,000 crore in viability gap funding. This aims to build 50 GW of local capacity. The industry also wants incentives for machinery.
Beijing on Thursday unveiled a slightly lower growth target of 4.5%-5% for 2026, down from last year's 5%, which was met largely through a one-fifth surge in its trade surplus to a record $1.2 trillion.
A business writer, laid off for the third time due to AI's impact, sought a new, less sedentary trade at 47. Reddit users suggested various skilled trades and technical roles, with city bus driver emerging as a surprisingly popular and practical option, offering stable pay and benefits.
Corey Harrison, known for appearing on the reality TV series Pawn Stars, is asking fans for help after a devastating motorcycle accident in Tulum, Mexico. The crash left him with serious injuries, including 11 fractured ribs, a punctured lung, a concussion, and internal bleeding. Medical treatment and multiple surgeries pushed his hospital bills beyond $100,000.
Polls show that a plebiscite on Sunday sparked by campaigners seeking to legally enshrine the availability of physical money will probably win enough backing to pass in some form, in a result that would contrast with consumers increasing enthusiasm for digital transactions.
Gasoline prices in the US have reached their highest point during President Trump's tenure. This surge is driven by disruptions in West Asia affecting energy supplies. Saudi Arabia has significantly increased oil prices for Asian buyers. Experts predict a potential shutdown of Gulf energy exports, driving oil prices to $150 per barrel.
New rules from January 1 will bring crypto-assets, CBDCs, and electronic money under financial account reporting. Service providers and financial institutions must report transactions and holdings. Banks and depositories will track accounts with greater detail. This aims for better tax compliance on digital assets for non-US accounts.
The Quote of the Day by Jane Fonda shares a simple message about personal growth and self-improvement. The famous actress and activist believed people can always learn and improve their weaknesses. Her life in films, activism, and public work shows how change and learning can happen at any stage of life, inspiring many people around the world today.
Home-cooked vegetarian thali costs held steady in February. Non-vegetarian thali prices dropped three percent. Lower onion, potato, and pulse prices balanced rising tomato costs for vegetarian meals. Broiler prices, a major component of non-veg thalis, declined. Vegetable prices are expected to ease. West Asia tensions may impact basmati rice exports.
John Lennons quote, There are two basic motivating forces: fear and love, emphasizes the main elements behind human behavior. Fear pushes people toward caution, avoidance, and self-protection, while love inspires connection, creativity, and courage. This duality shapes decisions, actions, and relationships in both personal and professional life. By recognizing which force is influencing us, individuals can choose paths that foster growth, empathy, and fulfillment
The United States has authorized the import of Venezuelan gold. This move follows a visit by Interior Secretary Doug Burgum and signals a thawing of relations. Diplomatic ties are being restored after the removal of Nicolas Maduro. Venezuela possesses significant mineral wealth beyond oil, including gold and diamonds. Many companies are showing interest in investing in the country.
Uber has introduced intercity bus ticketing on its app in India. This marks the company's first global launch of this service. Uber has partnered with AbhiBus for this expansion. The new offering allows users to book long-distance bus journeys. Introductory discounts are available for first-time users. This move enhances Uber's intercity travel options for Indian riders.
India is stepping into the future of farming with the integration of artificial intelligence. New initiatives such as AgriStack and Bharat VISTAAR are on the horizon, designed to offer customised guidance to farmers facing the challenges of unpredictable climates and variable market trends.
The Weekly Horoscope for March 915 highlights a gradual shift toward progress as Jupiter Retrograde ends. While the cosmic atmosphere begins opening new doors, the lingering effects of Mercury retrograde suggest that thoughtful planning and reflection remain important.
Dillon Brooks, the Houston Rockets forward, is again in the news after reports of a DUI arrest in Scottsdale. Fans are also talking about his NBA salary, net worth, and luxury lifestyle. Brooks has earned millions through contracts with Memphis and Houston while also investing in businesses and buying expensive cars and homes as he builds his financial future.
In a trade notice, the DGFT said that new MSMEs, involved in international value chains through e-commerce with prior domestic e-commerce experience shall also be eligible, subject to a minimum of one year of regular domestic e-commerce operations.
Quote of the day by J. Robert Oppenheimer: At 5:29 a.m. on July 16, 1945, the New Mexico desert turned white. A 21,000-ton TNT blast ripped the sky open. The man who built it stood and watched in silence. J. Robert Oppenheimer, scientific director of the Manhattan Project, did not celebrate. He whispered a line from the Bhagavad Gita Now I am become Death, the destroyer of worlds and the nuclear age began. His bomb killed between 129,000 and 226,000 people within weeks. The U.S. government gav
Navy Chief Admiral Dinesh K Tripathi highlighted the need for nations to develop their own defense industries. He stressed upgrading technology during production and being ready for rapid adaptation. Admiral Tripathi noted that the idea of short, decisive wars may be questionable. He also mentioned India's focus on self-reliance and co-development in the defense sector.
Nagpur brothers Ajinkya and Vikram Gandhe have won MasterChef India Season 9. They impressed judges with Maharashtrian home-style dishes. The duo secured the trophy, Golden Chef Coat, and Rs 25 lakh. Their journey showcased creativity and consistency. Odisha sisters Anju and Manju Pradhan were runners-up. Chandana and Sai Sri Rachakonda from Hyderabad secured third place.
Indian Railways transported 137.72 million tonnes of freight in February 2026. This marks a 3.96 per cent rise from the previous year. Freight revenue also saw a 2.97 per cent increase. The Net Tonne Kilometres reached 76,007 million, showing a 4.18 per cent growth. Core sector commodities like coal, steel, and fertilisers drove this performance.
Vituperate is a strong English verb that means to criticize someone with very harsh and angry words. The word is often used in formal language, debates, and strong arguments. It comes from Latin roots connected to blame and fault. The term has been used in English for hundreds of years and is still used today to describe very aggressive criticism.
Haryana Police have filed an FIR against rapper Badshah following a complaint alleging objectionable lyrics and visuals in his Haryanvi music video 'Tateeree'. The complaint, which led to the FIR under relevant legal sections, also prompted the Haryana State Commission for Women to summon the musician for clarification on the song's content and its portrayal of a school-like setting.
A Delhi court has postponed the bail hearing for three Indian Youth Congress workers. They were arrested in connection with the AI Summit protest. Their judicial custody has been extended. The court is awaiting a verification report for another accused's bail. The investigation is ongoing.
A Delhi businessman saw his wealth surge from Rs 12 crore to nearly Rs 34 crore in six years. This remarkable growth was achieved through a disciplined financial strategy. CA Nitin Kaushik guided the entrepreneur to build a balanced framework. The plan focused on structured equity, fixed income for stability, and a focused real estate investment.
Achluophobia is the intense fear of darkness, affecting both children and adults. Unlike simple unease in low light, it can trigger anxiety and avoidance behaviors. It can happen in everyday situations such as walking down dark hallways, entering basements, or camping at night. Recognizing and understanding achluophobia helps normalize the fear and encourages strategies to manage it effectively.
Russia is reportedly sharing intelligence on US military assets with Iran. This comes as tensions escalate in the Middle East. Iran has launched retaliatory strikes following recent attacks. The conflict has impacted regional stability and led to US military casualties. Russia's actions could further complicate the ongoing geopolitical situation.
Hundreds of supporters took to the streets across Nepal, singing, dancing, and celebrating as former Mayor of Kathmandu Metropolitan City, Balendra Shah's party, Rastriya Swatantra Party (RSP), claimed an absolute two-thirds majority in the parliamentary election in the country's House of Representatives as counting continues.
The 2026 Winter Paralympics are set to begin on Friday, March 6, in Milan and Cortina dAmpezzo, Italy, featuring over 600 para athletes competing in six sports. NBC and its affiliates will provide extensive live TV coverage and streaming on Peacock, with the opening ceremony starting at 1:30 p.m. ET.
Charles Dickens, a renowned 19th-century writer, penned a quote urging kindness. His words advise a heart that stays soft, a temper that endures, and a touch that avoids harm. These virtues remain vital today. Dickens' life experiences fueled his advocacy for social justice. His novels like 'Oliver Twist' and 'A Christmas Carol' highlight these enduring human qualities.
Casimir Pulaski, a hero of the American Revolutionary War, famously declared his commitment to defending freedom. His words, 'I came here, where freedom is being defended, to serve it, and to live or die for it,' resonate today.

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