In July 2024, the EU sourced close to 15% of its crude oil from the U.S | Photo Credit: Peter Boer U.S. President-elect Donald Trump threatened to impose tariffs on many countries if they do not fulfil certain conditions. In November last year, he said he would impose sweeping tariffs on imports from Canada, China,…
India should respond with equal measures if the newly elected U.S. President Donald Trump imposes higher tariffs on domestic goods, trade experts say. They noted that India has previously implemented retaliatory customs duties on several U.S. products, such as apples, in response to what it deemed “illegal” tariffs imposed by America on certain steel and…
Union Ministers Chirag Paswan, Jayant Chaudhary and others at the inauguration of Indian pavilion at the World Economic Forum (WEF), in Davos, Switzerland. | Photo Credit: PTI Asserting that Indian workers prove their mettle everywhere they go including in leadership roles, Union Minister Jayant Chaudhary has said this success story is set to grow further…
Putting aside their party affiliations, the Centre and States came together in Davos, at least in terms of the space for their respective pavilions. Two India pavilions, just a few blocks apart on the same side of the famous Promenade street, together house all lounges and meeting rooms for the Union ministers, Central government departments…
Antony Raj employs eight workers and runs a computer numerical control machine and lathes in Coimbatore in Tamil Nadu. He receives a stable monthly income supplying components that go into grease pumps in fossil fuel based automobiles. For almost 24 years now, he has been making 48 of the 112 components that go into…
Chief Economic Advisor V. Anantha Nageswaran speaks during the India Exim Bank International Economic Research Annual Citation 2023 Presentation Ceremony, in New Delhi on Monday, January 20, 2025. | Photo Credit: ANI Even a good government policy requiring timely payments to the key MSME sector faces resistance from large business entities, Chief Economic Adviser (CEA)…
Industry reports indicate that per capita annual consumption of edible oil has risen to over 20 kg in India | Photo Credit: M. Govarthan The Union agriculture ministry has launched its first-ever survey to assess edible oil consumption patterns in India, aiming to effectively implement the new Mission on Edible Oils-Oilseeds (NMEO-Oilseeds), a senior government…
A logo of the World Economic Forum (WEF) in Davos, Switzerland | Photo Credit: Reuters In an era defined by technological evolution, India stands at the forefront as one of the world’s fastest-growing economies and a global hub for startups and digital innovation, the World Economic Forum said on Monday (January 20, 2025). The Centre…
Armed conflict is the top risk in 2025, a World Economic Forum (WEF) survey released last week showed, a reminder of the deepening global fragmentation as government and business leaders attend an annual gathering in Davos. Nearly one in four of the more than 900 experts surveyed across academia, business and policymaking ranked conflict, including…
With domestic demand seen waning amid a spike in inflation and input costs, investment plans by India’s private sector took a notable hit, falling 1.4% in the October-December 2024 quarter (Q3) after a fleeting recovery in the second quarter (Q2) of 2024-25. However, government capex plans registered a sharp growth, lifting overall fresh investments in…
