NEW DELHI: India on Monday launched a pointed response to criticism from the United States and the European Union over its continued purchase of Russian crude oil, describing the targeting of India as “unjustified and unreasonable.” In an unusually direct statement, the Ministry of External Affairs (MEA) rejected accusations...
By Nantoo Banerjee US President Donald Trump is becoming increasingly unpredictable, if not crazy, with his freakish combination of styles to deal with countries and issues – from trade to diplomacy. The 25 percent import tariff on India since last Friday may not considerably hurt India’s export trade with...
By Dr. Gyan Pathak In spite of Supreme Court of India’s bench comprising Justices Dipankar Datta and Augustine George Masih’s poser on August 4, 2025 on Rahul Gandhi’s remark on India’s 2000 sq km land gone to China saying that a true Indian will not say this, the issue...
By T N Ashok NEW YORK: India is once again at the epicentre of a great geopolitical tug-of-war. On one side stands the United States under President Donald Trump—erratic, aggressive, and determined to punish India with a 25% tariff for buying discounted oil from Russia. On the other, Russia,...
By Kalyani Shankar India’s hopes for reduced export tariffs to the United States were dashed on Wednesday when the Trump administration announced a 25% levy and an unspecified penalty for buying arms and crude oil from Russia. The Narendra Modi government is responding cautiously, as the full impact of...
By R. Suryamurthy As the Reserve Bank of India’s Monetary Policy Committee (MPC) begins its three-day deliberation from August 4 to 6, all eyes are on Mint Street. Will the central bank pull the trigger on another rate cut, or will it stick to a cautious pause? The stakes...
By Sushil Kutty Politics has taken a turn in Tamil Nadu as parties, fronts and alliances get on the front foot for the 2026 assembly elections except that the DMK-led alliance might not end up with an encore as it faces the AIADMK-led alliance which also includes the Bharatiya...
By Arun Srivastava Notwithstanding Supreme Court’s assurance to the petitioners, the opposition parties and Association for Democratic Reforms (ADR), to hear their pleas against SIR on August 12, the confidence level with which the Chief Election Commissioner (CEC) has been moving steadfastly and shifted its operational area as well...
By Tiasha Mukherjee Assam’s Foreigner’s Tribunals (‘FTs’)have declared over 165,000 people as “foreigners”, with more than 85,000 cases still pending and more than a million NRC appeals potentially headed to these tribunals. Behind each data point are individuals facing serious consequences as a result of the State’s one hundred...
By Ben Chacko LONDON: Israeli ministers have again exposed how hollow are Western claims to back a two-state solution. Yet global opinion on Israel’s colonial project has reached a tipping point — and the prospect of real change cannot be dismissed. National Security Minister Itamar Ben-Gvir leads settlers in...
NEW DELHI: To remain competitive in the US market, exporters from several sectors have sought the government’s support in the form of higher budget outlays for export promotion schemes and a revival of a scheme to reduce the interest outgo on capex and working capital loans. The move comes...
NEW DELHI: India’s annual oil import bill could rise by USD 9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, analysts said. India, the world’s third-largest oil consumer and importer, has reaped...
NEW DELHI: The government is planning to increase the outlay for the rare earth magnet manufacturing scheme to over Rs 5,000 crore, up from the originally proposed Rs 1,350 crore. In addition, the annual production target is likely to be quadrupled — from 1,500 metric tonne to around 6,000...
MUMBAI: In a significant stride towards regulatory reform, the Reserve Bank of India (RBI) has set up a 30-member Regulatory Review Cell (RRC), a dedicated internal mechanism, to streamline financial regulations and reinforce systemic resilience. Announced as part of a broader push for modernisation, the RRC is tasked with...
NEW DELHI: The RBI has already frontloaded the rate cuts, anticipating the moderation in inflation, and it is unlikely the central bank would go for further rate cuts unless economic growth concerns aggravate, CareEdge said in a pre-monetary policy review meeting. While the US reciprocal tariff rate (25 per...
By K Raveendran Donald Trump’s aggressive tariff regime, launched under the guise of bolstering American strength and reclaiming lost economic ground, has triggered a worldwide response that may ultimately defeat the very goal it seeks to achieve. Framed as a nationalist project to assert America’s economic primacy, the tariff...
By Anjan Roy TORONTO: As US president Donald Trump’s new tariffs take hold globally effective August 1, the US economy is reeling with a new reality. Stocks have gone down on a wide front and new data reveals that the economy is slowing down. Prices have not gone up...
By T N Ashok NEW YORK: United States officials are showing their frustration at the Indian Prime Minister not conceding to the U.S. terms at the trade talks, but at the same time they do not rule out New Delhi’s bend down after some days. In the last three...