At a time when the Trump tarriffs have raised concerns, Australian Trade Minister Don Farrell said Australia does not support tariffs and the country had already asked the U.S. Government to remove the 10% tariff imposed on Australia. Expressing confidence about overcoming the hurdles in the ongoing CECA (Comprehensive Economic Agreement) negotiations between India…
Mauritius is working with Indian counterparts to institute norms for companies to demonstrate a functioning base and real business activity in the jurisdiction it is said to be operating to avert the country on the eastern coast of Africa from being utilised as a “letterbox or a post-box like-structure” for round tripping of investments, Mauritius’…
Image used for representational purposes. | Photo Credit: Getty Images/iStockphoto The Centre’s fiscal deficit increased to 29.9% of the full-year target at the end of July, according to data released by the Controller General of Accounts (CGA) on Friday (August 29, 2025). It was at 17.2% of Budget Estimates (BE) of 2024-25 in the…
Growth in the manufacturing sector quickened to 7.7% in the April-June 2025 quarter, coming on top of a high base of 7.6% in the same quarter of the previous year. File | Photo Credit: Getty Images India’s economic growth rate in the first quarter (April-June) of the current financial year quickened to a five-quarter high of…
The data, released as part of the RBI’s monthly bulletin, shows that this trend holds true on a quarterly basis as well. | Photo Credit: T.C.A. Sharad Raghavan While the gross Foreign Direct Investment (FDI) into India grew to a four-year high in June 2025, the net amount contracted more than 50% owing to faster…
Former RBI Governor Urjit Patel has been appointed as IMF executive director a for a period of three years | Photo Credit: Reuters Former Reserve Bank of India Governor Urjit Patel has been appointed as executive director at the International Monetary Fund, a government statement showed on Friday (August 29, 2025). Mr. Patel has been…
Image for representational purposes only. | Photo Credit: Getty Images The removal of the additional 25% tariff on India is not a prerequisite for trade negotiations to resume between India and the U.S., but a trade deal would not “be practical” if these tariffs were to remain, according to government sources. They added that while…
The story so far: The 50% tariffs imposed by the U.S. on imports from India came into effect on August 27, sending ripples through the Indian economy and the government. Several sectors, many of them labour-intensive, have the U.S. as a major export destination, and many are already seeing a significant dip in demand. The…
The manufacturing sector grew at a six-month high of 5.4% in July 2025, compared to 4.7% in July 2024. | Photo Credit: K.K. Mustafah Industrial growth jumped to a four-month high of 3.5% in July 2025, driven by a broad-based recovery in the manufacturing, electricity, capital, and consumer goods sectors. However, the Index of Industrial…
Image for representation only | Photo Credit: Reuters Bank of Baroda on Thursday (August 28, 2025) has announced a reduction in its car loan interest rates. Its floating car loan interest rates now start from 8.15% p.a. (earlier 8.40% p.a.), with immediate effect. “The rate cut is over and above the rate reduction by the…
