By T N Ashok NEW YORK: Leading economists have reacted sharply to Trump’s reciprocal tariffs on 180 countries allegedly feeding off America’s economy for years and weakening its GDP growth. They warned the tariffs could destabilize global markets, disrupt trade and ultimately increase costs for U.S. businesses and consumers....
By Rahil Nora Chopra Political activity in Patna is intensifying, as discontentment within Janata Dal (United) led by Bihar Chief Minister Nitish Kumar has surfaced following the party’s support to the Waqf Amendment Bill 2024 in the Lok Sabha on Wednesday, which led to the passage of the Bill....
By Krishna Jha “Hindi and all Indian languages strengthen each other. There should be no attempts to divide the nation in the name of language,” said BJP’s senior leader and Defence Minister Rajnath Singh on March 29. The quote came only after refusing to release the educational assistance to...
By Dominik A. Leusder NEW YORK: On April 2, Donald Trump announced what amounts to a dramatic escalation of the trade war initiated during his first term. Addressing a crowd of auto union workers at a Rose Garden event at the White House, the president revealed the details of...
By C.J. Atkins WASHINGTON D.C.: Just a sampling of headlines on the first day of the USA’s new “Golden Age” serves to illustrate the chaos and uncertainty – along with the ridiculousness and absurdity – of President Donald Trump’s post-globalization world. “Layoff announcements surge to the most since the...
NEW DELHI: US President Donald Trump on Thursday unveiled his promise of reciprocal tariffs on trading partners, stressing this was a kinder reciprocity as it amounted to only half of the levies US goods faced. This included a 27 per cent additional tariff imposed on imports from India as...
NEW DELHI: India on Thursday urged the Brics (Brazil, Russia, India, China and South Africa) to mobilise $1.3 trillion to strengthen climate financing mechanisms and achieve global sustainable commitments. Stressing the urgent need for equitable carbon budget utilisation, India, at the 11th Brics Environment Ministers’ meeting in Brazil, focused...
NEW DELHI: With the US Trade Representative (USTR) report highlighting India’s non-tariff barriers across multiple sectors, experts caution that any relaxations in government procurement, intellectual property (IP), and data localisation should be weighed carefully, keeping the interests of the domestic industry in mind. Ahead of the reciprocal tariff imposition...
NEW DELHI: US President Donald Trump’s decision to impose universal reciprocal tariffs on imports has given India’s textile industry—especially apparel exporters—an edge over competitors like Vietnam, Bangladesh, and China, which face even higher tariffs. The Trump administration on Thursday announced a flat 27% tariff on Indian goods with some...
MUMBAI: Lenders want the central bank to move back to the daily overnight borrowing window as the main cash management tool to help improve overall systemic liquidity – a prerequisite for quicker transmission of reductions in policy rates. Bankers made this request to the Reserve Bank of India (RBI)...
MUMBAI: The rupee pared its initial losses and settled for the day higher by 22 paise at 85.30 (provisional) against the US dollar on Thursday as the greenback weakened against its major peers after President Donald Trump unleashed reciprocal tariffs on about 60 countries. The domestic unit had witnessed...
NEW DELHI: The Northern Railway Vigilance Department has made commendable achievements towards maintaining transparency, avoiding malpractices, and strengthening financial integrity in the year 2024-2025 like previous years. With the help of advanced technology and persistent investigation, the department was able to overcome growing challenges, maintain accountability, and safeguard the...
MUMBAI: The US retaliatory tariffs are a major setback for the Indian gems and jewellery exports, apex industry body GJEPC said on Thursday as it urged the Union Government to take steps to secure the long-term interests of the sector. The US has announced 27 per cent reciprocal tariffs...
NEW DELHI: Export-led Indian IT sector will not be directly hit by US President Donald Trump’s tariff order on goods, but there could be worrisome indirect bearings on it due to possible slowdown in decision-making and GDP growth in America due to higher tariffs, which may then cloud the...
NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday said no fee will be charged for the updation or addition of nominees for Public Provident Fund (PPF) accounts as the government has done necessary changes through notification. Recently, it was informed that a fee was being levied by financial institutions...
By Nitya Chakraborty Brazil’s President Luiz Inacio Lula da Silva, better known globally as Lula has launched a major initiative to meet the U.S. President Donald Trump’s unilateral tariff offensive by joining hands with Chinese President Xi Jinping and the Russian President Vladimir Putin, apart from taking assistance from...
By Anjan Roy From politicians to economists to the humble stock traders, nobody could really believe it will come to pass. Worse, in fact, it should be as bad as it turned out in reality. Donald Trump’s promised April 2 announcement of tariffs on goods entering the United States...
By Dr. Gyan Pathak Hope and frustration run high. Despite a court order to Delhi police to register an FIR and direction for further investigation to be conducted against BJP leader and Delhi law minister Kapil Mishra and others over his alleged involvement in the 2020 Delhi riots, Mohammad...