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BusinessPhoto: HT Business

Challenges of Inheriting Wealth: Legal and Financial Complexities

Inheriting wealth involves more than just receiving assets; it includes legal formalities, court visits, tax implications, and decisions about managing or selling assets. RBI and Ministry of Finance data reveal over ₹85,000 crore in unclaimed bank deposits, insurance, and mutual funds. The process varies depending on whether a will or nomination exists, placing the responsibility on heirs to claim and manage assets efficiently.

HT Business·

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PoliticsPhoto: Deccan Herald

Karnataka CM Warns Against Discrimination in Job Hiring

Karnataka Chief Minister D K Shivakumar warned companies against discriminating against Kannadigas in hiring, following viral claims that some tech firms reject applicants citing Kannada as their mother tongue. The state cabinet had proposed reserving significant job quotas for locals in 2024, but the plan was paused due to industry concerns over competitiveness and investment. The issue of local employment preference has a long history in Karnataka.

Deccan Herald·

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WorldPhoto: NDTV Business

Houthis Claim Attacks on Saudi Defence Ministry and Ras Tanura Refinery

Yemen's Houthi movement claimed responsibility for ballistic missile attacks on Saudi military targets and the Ras Tanura oil refinery, causing a fire that was later controlled. Saudi Arabia denied a direct hit on the refinery but said its air defenses intercepted three missiles aimed at the eastern region. Ras Tanura is a key Saudi Aramco oil export terminal with a 550,000 barrel per day capacity. These attacks raise tensions amid ongoing $1 billion ceasefire talks.

NDTV Business·

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BusinessPhoto: Deccan Herald

Why Rapid Growth in India Feels Like Economic Struggle

An Uber driver in India reports working longer hours yet earning less after expenses and platform fees, raising questions about the disconnect between India's rapid GDP growth of 7.8% in April-June and the everyday economic struggles of many. Despite upward revisions by IMF and RBI, many face challenges making a living, highlighting the complexity behind growth figures and real prosperity.

Deccan Herald·

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PoliticsPhoto: Amar Ujala

Government Directs Airlines to Deploy Qualified Crew During Fog Season

The Ministry of Civil Aviation instructed airlines to ensure availability of qualified crew, compliant aircraft, and practical flight schedules during the fog season from December 15, 2026, to February 15, 2027. The ministry held a meeting to prepare for delays, cancellations, and passenger assistance, emphasizing timely communication and efficient ground handling to reduce traveler inconvenience.

Amar Ujala·

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BusinessPhoto: HT World

IMF Agreement Unlocks $900 Million for Argentina

The International Monetary Fund reached a staff-level agreement with Argentina on the third review of its bailout, potentially releasing about $900 million. The deal awaits approval from the IMF's Executive Board. Argentina's $20 billion IMF program started in 2025 amid high inflation and currency depreciation. Since President Javier Milei took office in December 2023, inflation has fallen from triple digits to 33.5%, aided by reforms and spending cuts, which have sparked protests. The IMF praised the government's fiscal and structural reforms.

HT World·

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