NEW DELHI: The immediate impact of recent US tariffs on Indian exports may appear limited but their secondary and tertiary effects on the economy pose challenges that must be addressed, the finance ministry said in a report on Wednesday amid the US effecting a steep 50 per cent tariff...
NEW DELHI: India’s manufacturing sector gross value added (GVA) rose 11.89 per cent in 2023-24 (FY24), up from 7.28 per cent in the previous year, marking the second highest uptick in five years, even as output growth slowed to 5.8 per cent from 21.5 per cent in FY23, according...
NEW DELHI: The All-India Bank Officers’ Confederation (AIBOC) has come out strongly against the Centre’s plan to privatise IDBI Bank, warning that such a step would undermine social justice, financial inclusion and the country’s economic sovereignty. Rupam Roy, general secretary of AIBOC, said the government’s proposal was a betrayal...
NEW DELHI: India saved billions of dollars by stepping up imports of discounted Russian oil in the wake of the war in Ukraine, but punitive tariffs imposed by the U.S. that came into effect on Wednesday will quickly undo the gains, with no easy solutions in sight. Analysts estimate...
By K Raveendran The oil market has by now mastered the skill to absorb shocks, even when they appear designed to disrupt trade flows and destabilise long-term patterns. Rather than creating turbulence, as many initially feared, the global oil market has taken the imposition of punitive tariffs by the...
By T N Ashok NEW YORK: India’s most watched rivalry isn’t on a stock exchange so much as it is in the corridors where policy, capital and infrastructure intersect. On one side is Mukesh Ambani’s Reliance Industries, the $200-billion colossus straddling oil-to-chemicals, the country’s largest mobile network and a...
By Dr. Gyan Pathak India is shifting fast towards privatization of education. In urban India, about 30.1% of students were enrolled in government schools, while 70.0% were enrolled in schools other than government schools in the beginning of the current year. In contrast, about 66.0% were enrolled in government...
By Kunal Bose KOLKATA: Like many other celebrated family businesses in the country where the brothers will work together to make a success of their operations before going their separate ways for a number of commercial reasons and family compulsions, the four Paul brothers, namely, Stya, Jit, Swraj and...
By Sushil Kutty United States President Donald Trump is no less a boor than all of the boors who preceded him including the Jack and the Beanstalk ogre and cousins thereof. President Trump’s choice of words hurts even a snail engrossed in negotiating a curve in the beanstalk. Trump...
By Satish Jha In India’s bustling classrooms, the future teeters, bright yet brittle. I’ve spent recent months visiting schools, sitting with teachers, and hearing their raw fears about technology’s place in education. Their words hit hard: tablets sap students’ focus, they say. Screens might radiate harm. Social media lures...
By Tajul Islam When Bangladesh’s students took to the streets last year, their demands were clear: dismantle the structures of fascism, restore democracy, and build a government that put the people before politics. Their movement culminated in a historic moment on August 8, when Nobel laureate and Grameen Bank...
By Ugo Palheta PARIS: The far-right vote has risen steadily in every French election since 2012, reaching 41.5 percent in the runoff of the 2022 presidential contest. This is no isolated phenomenon. The traditional right has become extremist; civil liberties have been curtailed in the name of the fight...
By Brandon Chew CHICAGO: Hundreds of people gathered to attend Senator Bernie Sanders’ rally in Chicago Sunday amid the political backdrop of a potential military takeover of the third largest city in the USA. It was the latest stop for Sanders’ “Fighting Oligarchy” tour, which began in February and...
NEW DELHI: Indian and US officials held a 2+2 Intersessional Dialogue on Monday where they advanced bilateral initiatives, discussed regional security developments, and exchanged perspectives on a number of shared strategic priorities, India’s Ministry of External Affairs said on Tuesday evening. The MEA said the officials discussed trade and...
NEW DELHI: Micro, Small and Medium Enterprises (MSMEs) need to shift from a price-centric model to one driven by quality, competitiveness, and technology adoption if they are to integrate with global value chains and support India’s growth vision, a senior government official said on Tuesday. “MSMEs are the true...
MUMBAI: The Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (Sebi) are jointly working on a framework to simplify the transfer of unclaimed shares and dividends. A task force, set up to review existing norms and transmission procedures, is expected to release a draft...
HANSALPUR: Acknowledging the ongoing shortage of rare earth materials faced by India’s automobile industry, Prime Minister Narendra Modi said Tuesday that the Government was working towards building national capacity in critical minerals and would soon launch exploration missions. “I am aware of the rare earth materials shortage, and we...
NEW DELHI: A day before the Trump administration’s 25% secondary tariff on Indian exports — imposed over India’s Russian oil purchase — comes into force, a senior US embassy official on Tuesday said Washington remains committed to expanding energy ties with India. “As we look into the future, the...