NEW DELHI: The Indo-US trade deal will boost FDI as well as portfolio investments in the country, having a positive impact on the value of rupee, Chairman of Economic Advisory Council to the Prime Minister (EAC-PM) S Mahendra Dev said on Tuesday. India and the US agreed on a...
NEW DELHI: India will restrict crude oil purchases from Russia as part of an agreement reached with the US in exchange for lower trade tariffs, sources said, adding imports will continue for now by refiners such as Nayara Energy, which have no other alternative source. US President Donald Trump...
NEW DELHI: A day after announcements by PM Modi and US President Donald Trump that the two sides had reached a trade agreement, the govt asserted that sensitive sectors such as agriculture and dairy have been protected and labour-intensive sectors such as textiles, leather, marine products and gems &...
NEW DELHI: A large garment exporter, who was at a party on Monday when Trump announced the removal of 50% tariffs, celebrated the news before getting on to calls with American buyers. Suddenly, the business dynamics looked different. From looking to relocate a part of ops to Sri Lanka,...
NEW DELHI: India’s crude oil import bill could decline by up to USD 3 billion annually if the country shifts a portion of its crude sourcing from Russia to Venezuelan heavy crude, according to a new report by State Bank of India (SBI) Research. The report highlighted that reducing...
By Nitya Chakraborty The announcement on India-US trade deal was expected, but the manner in which both President Donald Trump and Prime Minister Narendra Modi did the same in social media has led to big confusion. After a phone call with Narendra Modi, Trump claimed on Monday that the...
By Anjan Roy If a trade deal between two large countries could be announced immediately after a phone call from a president to a prime minister, then such a deal could at best be described as phoney. Alternatively, there was enough basis for trade between the countries —India and...
By Dr. Gyan Pathak Just within hours of the announcement of India-US trade deal, there arose a political storm in the Parliament of India on Tuesday that disrupted its proceedings. Opposition MPs raised strong objections in both Houses – Lok Sabha and Rajya Sabha – demanding a full debate...
By R. Suryamurthy The Sixteenth Finance Commission’s horizontal devolution outcomes have been widely read as a technocratic recalibration—one that finally rewards economic performance by explicitly recognising states’ contribution to national output—but beneath the arithmetic lies a more consequential political-economic shift, in which India’s federal fiscal contract is being re-engineered...
By T N Ashok India’s Finance Minister Nirmala Sitharaman unveiled her ninth budget on February 1 , a fiscal blueprint designed to sustain the world’s fastest-growing major economy at 6.5% even as Donald Trump’s tariff threats and global economic malaise force policymakers worldwide into a defensive crouch. The response...
By Tirthankar Mitra Union Solidarity and Development Party (USDP), the military junta backed party won the Myanmar elections in what is widely perceived to be a “sham victory.’ Pointers of democratic irregularity do not make the three phase elections be free and fair poll process. This is the first...
By Jenny Farrell NEW YORK: Yet another Frankenstein film has made its way to the screen. Despite critical acclaim and projected awards, it has little in common with Mary Shelley’s novel. Readers interested in Shelley’s political vision and the historical pressures that gave rise to the book are far...
By K Raveendran The Union Budget’s political messaging has been read as carefully as its fiscal arithmetic, particularly in states heading into elections where expectations of targeted concessions were unusually high. Finance minister Nirmala Sitharaman arrived in Parliament draped in a Kancheepuram silk saree, a gesture that appeared designed...
By Dr. Gyan Pathak The Union Budget 2026-27 clearly ignores core labour concerns of the country, though it speaks of the language of jobs, skill, and future readiness. The most worrisome aspect of the budget is that despite over a decade of contrary experience, especially since 2014 under Prime...
By Girish Linganna When the Finance Minister announced ₹7.85 lakh crore for defence in Budget 2026-27, many of us probably thought—okay, that sounds like huge money. But let me tell you something interesting: spending more rupees doesn’t always mean we’re getting stronger. This is exactly what’s happening with India’s...
By Kalyani Shankar As the Tamil Nadu Assembly elections approach, the main political parties feature two coalitions: the ruling DMK-led alliance with Congress and left parties, and the AIADMK coalition with the BJP and smaller parties. Chief Minister M.K. Stalin continues to lead the DMK, highlighting the importance of...
By Ashis Biswas When it comes to flagrantly violating the law and getting away with it, some Indian politicians seem to be in a class of their own! In April/May year, Assembly elections will be held in four states — Assam, Tamil Nadu, West Bengal and Kerala, along with...
By R. Suryamurthy India’s Union Budget for 2026–27 presents itself as a document of calm control. Fiscal deficits decline, debt ratios edge downwards, capital expenditure continues to expand, and the rhetoric of prudence is carefully maintained. There is no dramatic retrenchment, no populist surge, and no overt fiscal gamble....