Category: Politics

By Ashwin Manikandan MUMBAI -India’s Export-Import (EXIM) Bank is increasing credit support to exporters and helping them diversify into newer markets, particularly Africa, following punitive U.S. tariffs on imports from the South Asian nation, a top official said. State-owned EXIM Bank – which provides export financing and backs loans granted by commercial lenders to buyers of […]

The Directorate General of Foreign Trade (DGFT) on Wednesday updated India’s export rules to allow Second Generation (2G) ethanol to be exported. 2G ethanol is made from non-food materials like bagasse, wood waste, agricultural residues, grasses, algae, and other renewable resources. It is considered eco-friendly as it produces low CO2 emissions and does not compete with […]

Germany is positioning itself as a destination for skilled Indian workers just as the United States imposes steep new costs and tighter rules on the H-1B visa program. German Ambassador to India, Philipp Ackermann, in a post on X, said, “Here is my call to all highly skilled Indians. Germany stands out with its stable migration […]

India is considering an increase in the foreign investment limit in public sector banks (PSBs) from the current 20 per cent, as it looks to strengthen them into institutions that can raise capital easily, people privy to the development said. This is among several proposals policymakers are discussing as part of a broader slate of reforms […]

California Attorney General Rob Bonta criticized the Trump administration’s decision to impose a $100,000 application fee on H-1B visas, saying it creates “uncertainty and unpredictability” for businesses in the state and could have an “adverse impact” on California’s innovation-driven economy, Bloomberg reported. “So the short answer is, we are looking at it,” Bonta told Bloomberg. “We […]

H1B fee hike will hit US startups and innovation more, will have minimal impact on India’s IT sector: USISPF Chief The recent H1B visa fee hike announced by the US administration will hit more to startups and innovation of the United States than India’s IT services exports, said US-India Strategic Partnership Forum (USISPF) President and CEO […]

Days after calling up Prime Minister Narendra Modi to extend birthday greetings and heaping praises on him, US President Donald Trump on Tuesday yet again blamed India alongside China for funding Russia’s Ukraine war and once again claimed that he stopped the war between India and Pakistan. This is the first time that India was targeted […]

It was a weekend of confusion for hundreds of thousands of Indians on H-1B visas. On Friday, US President Donald Trump issued a proclamation introducing a new $100,000 fee for foreign workers seeking entry under the H-1B programme, unless employers paid it. The order, effective September 21, 2025, is set to remain in force for 12 […]

The Indian government will sell minority stakes in about half a dozen state-run companies, divestment secretary Arunish Chawla told CNBC-TV18 on Monday, Reuters reported. Chawla did not say which companies might be considered for stake sales, though Reuters has earlier reported that India plans to sell shares in five public sector banks, including UCO Bank and […]

SBI sees 25 bps rate cut as RBI’s ‘best option’ in September MPC meet The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may announce a 25 basis points (bps) cut in its September policy meeting as it is the best possible option at this stage, according to a report by State Bank […]