Economy news
Introduction India is presenting a strong and strategic case to the United States for a bilateral trade agreement (BTA), focusing on long-term growth potential, favorable demographics, and mutual economic benefits. Commerce Minister Piyush Goyal emphasized on April 11 that India’s large and young population, combined with its rapid economic growth, makes it an ideal partner…
Introduction : In a surprising turn of events, former U.S. President Donald Trump has reignited global trade tensions by imposing a 125% tariff on Chinese imports, while pausing tariffs on over 75 other countries for 90 days. Announced via his Truth Social account, Trump cited China’s “disrespect for global markets” as the driving reason behind…
India Slams China’s Trade Tactics at India Global Forum Union Commerce Minister Piyush Goyal delivered a sharp critique of China’s trade strategies during his address at the India Global Forum on April 7, 2025. Goyal stated that China’s economic growth has been built on “improper actions” that violate the spirit of fair global trade. He…
Introduction Despite mounting global tensions and uncertain geopolitical developments, the Indian government is standing firm on its economic forecast for the financial year 2025–26 (FY26). The Finance Ministry projects India’s GDP growth to remain between 6.3% and 6.8%, according to officials who spoke to Business Today TV. Describing the current headwinds as “temporary setbacks,” the…
Introduction The Indian government has taken a major step toward strengthening its steel industry by tightening procurement policies. The new policy prioritizes domestically produced steel in government contracts and introduces a reciprocity clause, limiting foreign competition. This move aligns with the government’s “Atmanirbhar Bharat” (Self-Reliant India) initiative, aiming to boost local production, create jobs, and…
In a major setback for customers, the Reserve Bank of India (RBI) has suspended the operations of New India Co-operative Bank due to a Rs 122-crore fraud. This decision has left over 1.3 lakh depositors worried about their savings, with account withdrawals being completely frozen from February 13, 2025. Customers are now scrambling to safeguard…
The Reserve Bank of India (RBI) has pumped in a massive Rs 43.21 lakh crore into the banking system since Sanjay Malhotra took charge as Governor in December. This bold move aims to tackle the tough liquidity situation that has gripped the financial sector over the past four months. Malhotra stepped in at a critical…
Muscat, February 16, 2025: External Affairs Minister S. Jaishankar met with Bangladesh Foreign Affairs Adviser Md. Touhid Hossain in Muscat, focusing on easing tensions between Delhi and Dhaka regarding minority attacks and former Prime Minister Sheikh Hasina’s stay in India. This high-level meeting took place during the 8th Indian Ocean Conference, where Jaishankar highlighted regional…
Trump’s Peace Plan: Easing Tensions, Lowering Energy Costs Donald Trump is expected to unveil a peace plan aimed at resolving the ongoing Russia-Ukraine conflict, and it could have major ripple effects on global commodity markets, especially energy prices. According to analysts at Goldman Sachs, the biggest and most immediate impact of a potential peace agreement…
Elon Musk’s DOGE Department Cancels $22 Million Voter Turnout Funding for India In a move that has stirred conversations across diplomatic and political circles, Elon Musk, head of the Department of Government Efficiency (DOGE), announced on Saturday the cancellation of a $22 million funding package intended to support voter turnout efforts in India. The decision…