Category: Politics

The United States has cleared two major military sales of Excalibur projectiles and Javelin missile systems to India worth an estimated $93 million, strengthening defence ties between the two nations. According to the Defense Security Cooperation Agency, the deal includes Excalibur projectiles and related equipment valued at $47.1 million, along with Javelin missile systems and associated […]

The Reserve Bank of India’s inflation forecasting model is coming under increasing scrutiny from economists after the central bank consistently overestimated price pressures this year, contributing to a hawkish policy approach. The central bank’s inflation miss in the first three months of the year was 0.7 percentage points — the biggest gap in almost six years, […]

H-1B visas, on which the Donald Trump administration is imposing increasing restrictions, are actually beneficial for the US economy and unlike some people who claim that they constitute ‘cheap labour’, evidence seems to suggest otherwise, says National Foundation for American Policy (NFAP) in its latest report. US President Donald Trump had in September announced a $100,000 […]

The Income Tax Department will notify new ITR forms and related rules under the streamlined Income Tax Act, 2025, by January, according to Central Board of Direct Taxes (CBDT) chairman Ravi Agrawal. These updated regulations will come into effect from April 1, 2026, marking the transition from the nearly six-decade old Income Tax Act of 1961, […]

The Supreme Court on Tuesday recalled its May 16 judgment that had struck down the Centre’s decision to grant retrospective clearances to projects found in violation of environmental norms. Justice Bhuyan disagreed with Chief Justice of India Gavai and Justice Chandran in recalling the May judgment, which had nixed govt’s office memoranda that enabled post-facto EC. […]

The Reserve Bank of India’s latest export relief package could weigh on the rupee in the near term, with bankers warning that exporters may now delay bringing back their foreign earnings. The measures, announced on Friday, aim to help Indian exporters manage the impact of steep U.S. tariffs but may reduce immediate dollar supply in the […]

India’s public sector oil companies have finalised a one-year contract to import about 2.2 million tonnes per annum (MTPA) of liquefied petroleum gas (LPG) from the United States Gulf Coast in 2026, marking the first structured supply agreement of US LPG for the Indian market. Contract based on US benchmark According to an X post by […]

The Reserve Bank of India’s extraordinary measures to support exporters, including a moratorium for the first time since Covid on loan repayments, is seen as a pre-emptive move to provide breathing space to the sector that has to find new markets and adjust to new trade realities. Though there is no visible stress in the sector […]

A quiet but sweeping wave of nuts-and-bolts reforms is reshaping India’s industrial landscape, changing land and labour rules, among others, to make it easier to start a business or manufacture goods. Nudged by the Centre, many state governments are discarding obsolete land use rules that forced factories to keep 40% of their plots idle, and be […]

The central bank conducted Rs 12,470 crore worth of open market operation (OMO) purchases in the secondary market in the week ended November 7 I the first such action in five months, as it sought to support domestic banking liquidity amid rising bond yields. The 10-year benchmark bond yield closed 6.52%, two basis points higher than […]