NEW DELHI: The US, despite reporting a $44.4 billion trade deficit with India, runs a $35-40 billion overall surplus when revenues from education, digital services, financial activities, royalties, and arms trade are factored in, economic think tank GTRI said on Monday. It said for India, this means it has...
NEW DELHI: In an effort to transform medium enterprises into global businesses, the NITI Aayog on Monday recommended working capital support of up to ₹25 crore at concessional interest rates, credit card with pre-approved limit of up to ₹5 crore, and a slew of technology as well as skilling...
MUMBAI: With the Reserve Bank of India (RBI) relaxing investment norms for foreign portfolio investors (FPIs) in the corporate bond market recently, experts believe that this will encourage them to participate more aggressively. Earlier, FPIs had to mandatorily sell bonds with less than a year of residual maturity or...
By Nantoo Banerjee Pakistan is back in the business of pushing Jihadists into India. It is the same old story. Last week, barely 12 days after the announcement of a ceasefire on 10 May, Pakistani terrorists in Jammu & Kashmir’s Kishtwar district killed an Indian soldier in an encounter...
By Dr. Gyan Pathak India has surpassed Japan to become the World’s fourth-largest economy, announced NITI Aayog CEO BVR Subrahmanyam on May 25, and said the country is now poised to displace Germany from the third rank in the next 2.5 to 3 years. The ruling establishment beating drums...
By Kalyani Shankar The Modi government has launched a significant international diplomacy effort to seek support from the global community in the fight against Pak-sponsored terrorism. Seven all-party delegations have been sent to major international capitals this week. New Delhi launched ‘Operation Sindoor’ following a terrorist attack by militants...
By Asad Mirza The American President Donald Trump in a significant shift in US foreign policy, recently announced the easing of long-standing sanctions on Syria, marking a pivotal moment for the war-torn nation and the broader Middle East. This decision came during the President’s middle east tour and discussions...
By Ashis Biswas KOLKATA: Far from provoking a trade war against India, Bangladesh business circles feel that bilateral official level talks should begin immediately to work out a solution to some of the niggling problems that have arisen of late. They would convey their concern to Dhaka-based authorities soon,...
By Sushil Kutty Lt. Gen Ahmed Sharif Chaudhry is Pakistan Army’s 22nd Director General of the Inter-Services Public Relations (ISPR). He belonged to the Pakistan Army Corps of Electrical and Mechanical Engineering before taking on the DG-ISPR role. Nowadays he addresses press conferences disparaging India’s military prowess. Of late,...
By P. Sreekumaran THIRUVANANTHAPURAM: It is a classic case of the hunter becoming the hunted. The Enforcement Directorate (ED), which has been weaponised by the Union Government to harass and browbeat political rivals, for a change, finds itself at the receiving end, in Kerala. The ED got it in...
By Mohd Sikandar In a recent rather peculiar order in Mohammad Ismail v. Union of India (2025) , the Supreme Court of India refused to halt the future deportation of Rohingyas from India, labelled the petitioner’s allegations as fanciful stories and disputed the status of Rohingyas as refugees. This...
By Richard Burgon LONDON: We are fortunate that the three pillars of Tony Benn’s socialism — the radical democratization of politics, the Alternative Economic Strategy, and antiwar internationalism — were explored in so many of his articles and interviews, and in his speeches to Parliament, demonstrations, conferences, and picket...
NEW DELHI: The Centre’s interest-free 50-year soft capex loans have yielded good results with states modernising building codes to push industrial growth, and digitisation of land records. These reforms are expected to boost rural economy by reducing litigation and increasing access to credit. The Scheme for Special Assistance to...
NEW DELHI: India has become the fourth largest economy in the world, overtaking Japan, NITI Aayog CEO BVR Subrahmanyam has said. Subrahmanyam said the overall geopolitical and economic environment is favourable to India. “We are the fourth largest economy as I speak. We are a $ 4 trillion economy...
NEW DELHI: While India has offered significant duty concessions on automobile imports from the UK under their recently finalised Free Trade Agreement (FTA), it has strategically retained enough flexibility to safeguard its domestic auto manufacturers—who cater to the bulk of the local market—a senior government official has said. Under...
NEW DELHI: The Supreme Court ruling that companies can include minimum service requirements or job lock-in periods in employment contracts if these conditions are reasonable, fair and protect business interests could significantly influence how employment contracts are drafted and enforced in India, particularly in the public sector, said experts....
MUMBAI: The banking sector’s Q4 FY25 results revealed a nuanced landscape marked by divergent growth trajectories. Net interest income (NII) growth slowed to 3.57%, a significant drop from 10.39% in Q4 FY24. This deceleration was also evident compared to Q3 FY25’s 7.08% growth. Profit growth mirrored this trend, with...
By K Raveendran In his relentless pursuit of what he calls economic nationalism, President Donald Trump’s ‘trade jihad’ is targeting newer and more diverse sectors of the global economy. The latest front in this campaign is the high-tech industry, with a particular focus on smartphone manufacturing. This marks a...