Today's Top News Stories: March 26, 2025

Today's Top News Stories: March 26, 2025

India Discontinues Medium and Long-Term Gold Deposit Schemes Amid Rising Prices

The Indian government has announced the discontinuation of the medium-term (5-7 years) and long-term (12-15 years) gold deposit schemes under its Gold Monetisation Scheme. This decision comes in response to evolving market conditions and aims to reduce future government obligations and mitigate risks associated with fluctuating gold prices. Short-term deposits (1-3 years) will continue to be offered by banks based on commercial viability. Gold prices have surged over 15% this year, driven by geopolitical tensions and uncertainties regarding U.S. tariff policies. 

Acclaimed Film 'Santosh' Blocked in India Over Portrayal of Sensitive Issues

The Central Board of Film Certification (CBFC) in India has blocked the release of the internationally acclaimed film "Santosh," directed by British-Indian filmmaker Sandhya Suri. The film, which addresses themes of police brutality, misogyny, Islamophobia, and caste discrimination, was deemed unfit for release due to its sensitive content. Despite receiving praise at international platforms like Cannes and a BAFTA nomination, the film faced significant censorship demands in India, highlighting the challenges filmmakers encounter when depicting politically sensitive themes. 

IndusInd Bank Reports Accounting Discrepancies, Prompting Investor Concern

IndusInd Bank, India's fifth-largest private-sector bank, has reported accounting discrepancies in its derivatives, leading to a $2 billion drop in market value. These discrepancies, which had gone unchallenged for years, have raised concerns about governance, risk management, and compliance within the bank. The Reserve Bank of India has assured that this issue does not threaten the bank's solvency but acknowledged the need for stronger board oversight. 

Delhi Government to Present 'Viksit Delhi' Budget for 2025-26

Chief Minister Rekha Gupta has announced that the Delhi government will present the 'Viksit Delhi' budget for the fiscal year 2025-26 between March 24 and 26. The budget aims to incorporate suggestions from various sections of society, with consultations planned with women's organizations, education sector stakeholders, and traders. Residents have been invited to send their suggestions via email and WhatsApp to ensure a participatory budgeting process. 

Man Shoots Two Before Killing Himself at Ara Railway Station in Bihar

A tragic incident occurred at Ara Railway Station in Bihar, where a man shot dead a teenage girl and her father before turning the gun on himself. The event took place on the overbridge between platforms 3 and 4. Authorities are investigating the circumstances surrounding the incident. 

Global Economic Outlook for 2025-26: Modest Growth Anticipated

The World Bank projects that global economic growth will stabilize at 2.7% for the years 2025-26. However, this pace is deemed insufficient to offset past economic damage, particularly in vulnerable economies. Emerging markets and developing economies are expected to experience subdued per capita income growth, with trade growth firming but remaining below pre-pandemic levels. 

Emily Maitlis Reflects on Cultural Shifts During Saudi Arabia Visit

Journalist Emily Maitlis shared insights from her recent three-day trip to Saudi Arabia with her son. The visit highlighted the country's rapid modernization and liberalization efforts under Crown Prince Mohammed bin Salman, especially concerning women's rights. Maitlis observed the delicate balance Saudi Arabia maintains between rapid growth and cultural traditions, noting the concept of "liberal autocracy" as the nation seeks global investment while avoiding democratic reforms.