The Indian rupee ended weaker in a volatile session on Friday as investors stayed cautious amid fears of an escalation in tensions with Pakistan after a militant attack in Kashmir earlier this week. The rupee ended 0.2% lower against the U.S. dollar at 85.45 compared with its previous close of 85.26. It moved between 85.09 … Read more
New Delhi: India and the European Union (EU) are exploring the option of negotiating their free trade agreement (FTA) in phases amidst an uncertain global trade environment following imposition of sweeping tariffs by the US, an official said. India has followed the practice of negotiating such trade pacts in two phases with Australia. Negotiating the … Read more
India is considering reducing tariffs on more than 30 items and increasing its purchases of US defence and energy products to prevent higher reciprocal tariffs from the United States, according to a report by Nomura. The report highlights that the country has been working to avoid trade disputes with the US. In its recent Union … Read more
After targeting Mexico, Canada, Panama, and Greenland, putting tariffs on China, and staking a claim to Gaza, what should Prime Minister Narendra Modi expect during his visit to Washington next week? Will US President Donald Trump’s moves to handcuff and deport Indian immigrants, threaten more tariffs on India and cancelling waivers for Chabahar port affect … Read more
Budget expectations: With the Union Budget 2025 less than three weeks away, TV Mohandas Pai, Chairman of Aarin Capital and former CFO of Infosys, said that the government should think about offering income tax relief to the middle class and simplify the existing taxation system. In an interview with CNBC-TV18, Pai said the government should think … Read more
Bangladesh‘s Muhammad Yunus-led interim administration has joined hands with Pakistan to revive the South Asian Association for Regional Cooperation (Saarc) amid India’s focus on Bimstec (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) as an effective regional organisation connecting South Asia with Southeast Asia. Advisers of Yunus, including his close aide Mahfuz Alam … Read more
Christopher Wood, global head of equity strategy at Jefferies, has said that Maharashtra’s Ladki Bahin Yojana cash benefit scheme was a gamechanger for the Bhartiya Janta Party and was key to their landslide victory in the recently concluded elections in the state. Wood said the unexpected success of the Bharatiya Janata Party (BJP) in the … Read more
The Central government, under the leadership of Prime Minister Narendra Modi, has extended the coverage of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY) to include senior citizens above the age of 70. These beneficiaries will now receive an additional Rs 5 lakh in health insurance coverage. The government has also made PM-JAY available … Read more
London: The Free Trade Agreement negotiations with India — expected to significantly boost the estimated GBP 42-billion a year bilateral trade partnership — will be relaunched early in the new year, Prime Minister Keir Starmer has informed the UK Parliament here. It came during his statement to update the House of Commons on Thursday about … Read more
Union Finance Minister Nirmala Sitharaman has stressed that nothing stops the private sector from coming and doing business in India, noting that there are many non-Indian private insurance companies that are already operating in India. In her remarks during a fireside conversation with CSIS President and CEO John J Hamre on ‘India’s Economic Aspirations’ on … Read more