December 18, 2025

Russian Intelligence Targets Belgium Over €185bn Frozen Assets Amid EU Funding Debate for Ukraine

Russian intelligence is pressuring Belgian politicians and finance leaders to block EU plans using €185bn frozen Russian assets to fund Ukraine. EU leaders debate a €90bn loan to support Kyiv’s war effort through 2027. Belgium demands legal safeguards amid threats to Euroclear executives and politicians.

December 17, 2025

New Viksit Bharat Guarantee Bill Faces Sharp Opposition in Parliament, Raising State Burden Concerns

The Viksit Bharat Guarantee Bill to repeal MGNREGA faces strong backlash in Parliament and outside. Critics warn it centralises control, raises costs for states, and weakens rural job guarantees.

December 17, 2025

Karnataka Revenue Deficit to Rise Amid GST Impact, Mines Tax Delay; FDI Soars

Karnataka's revenue deficit could widen in 2025-26 due to GST rate cuts and delayed mine tax approval. Despite this, FDI inflows jumped 149%, reaching $5.6 billion in Q1.

December 17, 2025

Karnataka High Court Cuts Interest on Delayed Leave Encashment for NWKRTC Retirees to 6%

The Karnataka High Court has ordered NWKRTC to pay 6% interest on delayed leave encashment to retired employees. The decision comes as public transport corporations face financial losses due to pandemic impact and government policies.

December 17, 2025

Rajya Sabha Approves 100% FDI in Insurance Through Sabka Bima Sabki Raksha Bill

Rajya Sabha passed the Sabka Bima Sabki Raksha Bill, allowing 100% FDI in insurance. The Repealing and Amending Bill that removes 71 old laws was also cleared. Finance Minister Nirmala Sitharaman said the move will boost foreign investment and lower premiums.