Category: Politics

Indian refinery executives see little chance of the government ordering a halt to Russian oil purchases despite America’s penalty, as India hardens its stance on US trade negotiations. “The message from the government is ‘country first, commerce later’,” an industry executive said, interpreting this as the primacy of trade negotiations over short-term economic pain. India has […]

Indian exporters are bracing for disruptions after a US Homeland Security notification confirmed Washington will impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation. But Trump’s tariff salvo won’t just hurt India. Experts warn American consumers, too, will end up paying the price. Evidence, as per […]

The Reserve Bank of India (RBI) has asked the country’s lenders to increase scrutiny over funds flowing indirectly from Pakistan, according to a letter seen by Reuters that cited a “high risk” of such money being used to buy arms. Direct flows of funds from Pakistan to India are largely prohibited with every transaction requiring the […]

Refiners in India, among the largest buyers of Russian crude, are planning to trim their purchases in the coming weeks, a modest concession to Washington’s hawks less than a day ahead of a hike in US tariffs, but also a signal that the country has no plans to sever ties with Moscow. State-run and private processors, […]

At the Oval Office on Monday, US President Donald Trump spoke of Washington’s strength in its standoff with Beijing. “They have some cards. We have incredible cards,” he told reporters before his meeting with South Korean President Lee Jae Myung. “But I don’t want to play those cards. If I did, that would destroy China. I’m […]

Indian exporters are bracing for disruptions after a U.S. Homeland Security notification confirmed Washington will impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation. Indian exports will face U.S. duties of up to 50% – among the highest imposed by Washington – after President Donald Trump […]

The United States has moved to raise tariffs on Indian imports, with an additional 25 per cent duty set to push the overall rate to 50 per cent. The Department of Homeland Security confirmed the new measures will take effect from 12:01 am Eastern Daylight Time on 27 August as per their latest draft notice. The […]

The Russia-India-China alliance, floated in the 1990s as a counterweight to the US, is being revived today as a way for the three countries to ride out the storm of President Donald Trump’s trade war. But old suspicions mean the union is unlikely to endure. Despite their shared grievances with Washington, the partnership is more a […]

The Indian gaming industry is at a crossroads, following the recent legislation that has banned online money gaming. IT Secretary S Krishnan has, however, suggested that the outlook for the sector may not be as bleak as some industry players have claimed. In an interview to The Times of India’s Pankaj Doval, Krishnan argued that significant […]

Economists expect India’s monetary policy framework, currently under review, to remain largely unchanged with the target of 4% retail inflation and headline number as the primary anchor. However, there could be some tweaking to make the central bank‘s communication of inflation goals more effective, especially with regards to core inflation that excludes volatile components of food […]