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Weekly News Platter |
17 May, 2025, 01:40PM IST, PTI |
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Hello Reader,
In case you had a busy week, these are the top stories you need to get caught up to speed...
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 How India Pak went from near-war to a fight-pause over a weekend |
| Following strikes on terror camps after the Pahalgam attack, India initiated Operation Sindoor, targeting key terror infrastructure in Pakistan. After Pakistan's military response, India systematically degraded Pakistan's air defenses, culminating in strikes on Pakistani airbases. Facing immense military and diplomatic pressure from the US, Saudi Arabia, and UAE, Pakistan sought a ceasefire, with India demanding de-escalation measures. Read more |
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 IndusInd Bank probes yet another accounting issue |
| IndusInd is facing scrutiny over past accounting reversals flagged in a whistleblower letter to the RBI and the board. The letter also highlighted a discrepancy in interest income from the microfinance portfolio and an inappropriate relationship between a senior executive and an employee. These issues led to internal and forensic audits, executive resignations, and a significant financial provision. Read more |
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 India releases first-ever monthly unemployment data; April jobless rate at 5.1% |
| India initiated monthly labor force and unemployment data releases on May 15, offering real-time unemployment monitoring. The unemployment rate in April 2025 was 5.1% for individuals aged 15 and above, slightly higher for men (5.2%) than women (5.0%). This monthly data, collected under the PLFS's CWS, aims to provide faster, more detailed insights into India's labor market. Read more |
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 India's retail inflation eases to a 6-year low of 3.16% in April |
| India's retail inflation eased to 3.16% in April, down from 3.34% in March, primarily due to a further moderation in food prices. This marks the third consecutive month inflation has stayed below the Reserve Bank of India’s (RBI) 4% target. Economists had predicted inflation would fall to 3.27%. Read more |
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 Content producers' reel Trouble: Unsold scripts pile up as OTT, TV platforms tighten budgets |
| Content production houses are facing challenges due to a backlog of unreleased films and streaming content, resulting in significant unsold inventory. With broadcasters and OTT platforms reducing budgets, the industry is grappling with falling acquisition prices and consolidation. Several studios, including Applause Entertainment and Jio Studios, are affected by this slowdown, impacting both film and TV show productions. Read more |
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 Govt may discourage destination weddings, film shooting in Turkiye, Azerbaijan |
| India may discourage tourism, destination weddings, and film shoots in Turkiye and Azerbaijan. This action is likely due to their support for Pakistan. Trade ties are already under scrutiny. Educational collaborations are also being reconsidered. Indian film organizations have appealed for a boycott. The government may withdraw support for filmmakers in these nations. Read more |
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 India en route to boost Gulf trade amid tensions with Pakistan |
| India strengthens its economic bonds with Gulf nations. Trade agreements are being finalized. A free trade agreement with Oman is expected soon. Similar pacts with Qatar and other Gulf countries are under consideration. India already has a trade deal with the UAE. Negotiations with the Gulf Cooperation Council are ongoing. Read more |
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 Amritsar hooch tragedy: Death toll rises to 27 as 4 more die |
| The death toll in the Punjab hooch tragedy has tragically climbed to 27 in Amritsar, with four additional fatalities reported in the Majitha area. Authorities are providing financial assistance to the affected families, including Rs 10 lakh for the deceased's families and Rs 2 lakh for those hospitalized. Read more |
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 31 Naxals killed in 21-day operation across Karregutta Hills |
| Security forces conducted a 21-day operation against Naxals in Chhattisgarh. They eliminated 31 Naxals, including 16 women, near Karregutta hills. The operation targeted key Naxal organizations. Forces recovered weapons and destroyed weapon-making units. Union Home Minister Amit Shah reaffirmed the goal of a Naxal-free India by March 31, 2026. Security forces are intensifying efforts to eliminate Naxalism. Read more |
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 Virat Kohli retires from Test cricket, says "#269 signing off" |
| Virat Kohli Retirement News: Virat Kohli announced his retirement from Test cricket on Monday, reflecting on a transformative 14-year journey. In a heartfelt Instagram post, the 36-year-old expressed gratitude for the experiences and lessons learned in the format, stating that stepping away feels right despite the difficulty. He thanked the game, his teammates, and fans, signing off with a smile on his Test career. Read more |
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 US slashes 'de minimis' tariff on small China parcels to 54% |
| The United States is set to ease trade tensions with China by reducing the "de minimis" tariff on low-value goods, benefiting e-commerce giants like Shein and Temu. Effective May 14, 2025, the tariff will decrease to 54% from 120% for items under $800, with a $100 flat fee option. Read more |
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