Category: Politics

Indian Prime Minister Narendra Modi’s surprise move to lower consumption taxes within three months is set to spark tough negotiations with states, who will have to shoulder the bulk of the revenue losses. Modi proposed a major rejig of the complex goods and services tax last week, a move many businesses had been pushing for since […]

India and Russia are looking to increase their annual trade by about 50% over the next five years to reach $100 billion, seeking to reduce tariffs as both countries see mounting tensions with the US, a top envoy said. Indian External Affairs Minister Subrahmanyam Jaishankar said Wednesday during a visit to Moscow that the two countries […]

Mumbai: The Reserve Bank of India (RBI) Wednesday issued draft norms on Counterparty Credit Risk (CCR) for banks acting as clearing members at exchanges in equity and commodity derivatives. The new norms have higher risk weights for longer-tenor and more volatile instruments such as commodities and equities. The new proposed norms have the add-on factors used […]

Amid the US imposing a 50% tariff on India, External Affairs Minister S Jaishankar has pushed to increase trade with Russia, encouraging Russian companies to engage “more intensively” with their Indian counterparts. Noting India’s rapidly growing economy and initiatives like ‘Make in India’ that have opened up new windows for foreign businesses, Jaishankar said that these […]

Union Minister for Electronics and Information Technology Ashwini Vaishnaw on Wednesday tabled The Promotion and Regulation of Online Gaming Bill, 2025 in Lok Sabha, amid protests by Opposition. The lower house, being briefly chaired by PC Mohan, was adjourned till 2 PM soon after the Bill was introduced. The cabinet on Tuesday had reportedly approved this […]

Without saying anything really new, Peter Navarro has revealed something important. If India wants to keep earning dollars by selling goods and services to America, it has to recycle them as per Washington’s diktats. The White House trade adviser’s op-ed in the Financial Times is aimed at critics who have been shocked by the summary disdain […]

The Russian Embassy in India on Wednesday said that Moscow aims to narrow the trade imbalance with New Delhi and continue energy supplies while seeking to remove trade barriers, Reuters reported. The embassy noted that mechanisms are already in place to ensure the steady flow of oil to India despite the political situation. India has become […]

The government’s recent Production Linked Incentive (PLI) schemes are a welcome push, but they mostly benefit large-scale players. The outlook for India’s micro, small and medium enterprises (MSMEs) faces fresh uncertainty as steep US tariffs on Indian exports threaten to disrupt key sectors, even as domestic business confidence remains on a strong footing. The imposition of […]

New Delhi: The Centre is set to introduce a Constitution amendment bill to provide a legal framework for the removal of the Prime Minister, Union ministers, chief ministers and state ministers who are arrested or detained on account of serious criminal offences. The Constitution (One Hundred and Thirtieth) Amendment Bill seeks to add a clause to […]

PM Modi meets Chinese Foreign Minister Wang Yi NEW DELHI, – India and China agreed on Tuesday to resume direct flights and step up trade and investment flows as the neighbours rebuild ties damaged by a 2020 border clash. The Asian giants are cautiously strengthening ties against the backdrop of U.S. President Donald Trump’s unpredictable foreign […]