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BusinessThe statistics ministry has introduced a new manual for states to calculate GDP using the expenditure approach. This method tracks household spending, government outlays, capital investments, and net trade, replacing the traditional production-based model that measured growth through factories, farms, and services. This marks a significant change in how state economic growth is assessed.
TOI Business·
WorldThe Van Ostrande-Radliff House, Albany’s oldest building built in 1728, has reopened after a $3 million restoration that took 13 years. Now serving as the Historic Albany Foundation’s headquarters, it features classroom spaces, a research library, and a parts warehouse, preserving Albany’s colonial architectural heritage and history for visitors.
TOI World··Albany
PoliticsIndia has condemned US Vice President JD Vance for referring to foreign workers as indentured servants. The Ministry of External Affairs emphasized that this term ignores the significant contributions of Indian professionals and the economic benefits they bring to the US. The MEA also stated that restricting talent mobility harms shared interests between the two countries.
Economic Times·
PoliticsCockroach Janta Party founder Abhijeet Dipke and leaders Ashutosh Ranka and Saurav Das arrived at Delhi's Indira Gandhi International Airport to lead a protest at Jantar Mantar demanding Chief Election Commissioner Gyanesh Kumar's resignation. The CJP condemned the detention of protesters traveling from Pune, West Bengal, Telangana, Andhra Pradesh, and alleged police assault in Rajasthan. They demanded the immediate release and safe passage of detainees.
Deccan Herald··New Delhi
BusinessThe US Department of Treasury announced the lifting of sanctions on Russian diesel sales until April 7, 2027. This decision followed a call between US President Donald Trump and Russian President Vladimir Putin, resulting in a deal to supply diesel to US and global markets. Russia will supply over 300,000 tons immediately, with more deliveries planned through November and beyond.
Deccan Herald·
EntertainmentElla Langley's concert at Tulsa's BOK Center was canceled due to a serious security threat affecting fans, staff, and the artist. The venue prioritized safety and apologized to attendees. Details on ticket refunds will be shared soon, emphasizing the importance of everyone's well-being during the event.
HT World··Tulsa
TOI Business·
The statistics ministry has introduced a new manual for states to calculate GDP using the expenditure approach. This method tracks household spending, government outlays, capital investments, and net trade, replacing the traditional production-based model that measured growth through factories, farms, and services. This marks a significant change in how state economic growth is assessed.
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