Category: Politics

MOSCOW/NEW DELHI, Sept 1 – India’s Narendra Modi told Vladimir Putin on Monday that India and Russia stood side by side even in difficult times after the Kremlin chief called the Indian prime minister his “dear friend” and gave him a lift in his armoured limousine. China and India are the biggest buyers of crude oil […]

Tianjin, Prime Minister Narendra Modi, delivering his opening remarks at the Shanghai Cooperation Organisation (SCO) Summit in Tianjin on Monday, underscored that connectivity initiatives which bypass sovereignty ultimately “lose trust and meaning”. “India has always believed that strong connectivity not only enhances visibility but also fosters trust and development. With this in mind, we are working […]

Prime Minister Narendra Modi, speaking at the India-Japan Economic Forum in Tokyo on Friday, said that the world is not just watching India but also counting on India. The Indian Prime Minister called India the springboard for Japanese business to the Global South. He pitched for a partnership with Japan in the area of manufacturing, technology, […]

Industry to sit down with RBI for tariff assessment The Reserve Bank of India (RBI) is likely to hold discussions with industry stakeholders to assess the sectoral impact of the 50 per cent tariffs levied by the US. This consultation is expected to take place in September, ahead of the next monetary policy committee review. The […]

Commerce and Industry Minister Piyush Goyal on Friday said Free Trade Agreement (FTA) with Oman will be finalised soon, and Qatar also wants to negotiate a pact with India. He also assured exporters of all support to deal with the current global uncertainties at the trade front, which was caused due to unilateral actions of a […]

India is taking steps to diversify its exports and boost domestic demand to support exporters hit by “unilateral action” taken by a country, Union Trade Minister Piyush Goyal said on Friday. It was Goyal’s first public comment since the doubling of U.S. tariffs on Indian goods to up to 50% took effect this week. India is […]

Finance minister Nirmala Sitharaman on Thursday told a visiting trade delegation that the government will extend comprehensive support to exporters to sustain growth momentum, a day after an extra 50% US tariff on most Indian goods took effect. At the same time, Sitharaman underscored “the importance of protecting workers’ livelihoods, calling upon industry leaders to reassure […]

.RBI seen cutting rates by 50 bps as Trump tariffs weigh on growth The Reserve Bank of India (RBI) is likely to cut policy rates by 50 basis points before year-end as growth headwinds from steep US tariffs combine with benign inflation, according to Nomura. The Japanese brokerage expects back-to-back 25 bps cuts at the October […]

Former Reserve Bank of India Governor Raghuram Rajan has said that India should reassess its policy on Russian oil imports after the country was targeted with 50% tariffs by the Trump administration for buying energy from Russia. The levies that came into effect on Wednesday morning are among the steepest imposed on any Asian economy. Analysts […]

At the upcoming Shanghai Cooperation Organization summit that’ll be held in Tianjin from August 31 to September 1, all eyes will be on a potential geopolitical shake-up: the revival of the Russia-India-China (RIC) troika. The concept isn’t new. In the late 1990s, Russian statesman Yevgeny Primakov, who later became prime minister, envisioned RIC as a strategic […]