Image used for representation | Photo Credit: Reuters Amid the ongoing row over the tariffs and penalties imposed by the Trump administration on India, citing India’s trade relations with Russia, the US-India Business Council (USIBC) said on Thursday (August 7, 2025) that it is “time to redouble our efforts, not pull apart.” U.S. President Donald…
For representative purposes. | Photo Credit: iStockphoto The story so far: A report submitted by the Finance Minister in the Rajya Sabha states that 5,892 cases were taken up by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) 2002, since 2015. Of these cases, only 15 convictions have yet been ordered…
U.S. President Donald Trump answers questions from reporters on August 5, 2025, in Washington. | Photo Credit: AP U.S. President Donald Trump on Wednesday (August 6, 2025) slapped an additional 25% tariff on goods coming from India as penalty for New Delhi’s continued buying of Russian oil. Mr. Trump signed an executive order imposing the…
“Combined with supportive government and RBI policies, this situation bodes well for the Indian economy in the near term,” Reserve Bank of India (RBI) Governor Sanjay Malhotra said. File | Photo Credit: Reuters In an unanimous decision the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept the repo rate unchanged at 5.5%…
Experts are of the opinion that the Reserve Bank may go in for a status quo this time and wait for more macro data after the announcement by the U.S. to impose 25% tariff on Indian imports beginning August 7. However, a section of industry players do hope for a 25 basis points rate cut…
On right track: The data on per capita Net State Domestic Product (NSDP) at current prices show that Tamil Nadu ranked third among major States, with an estimated per capita income of ₹3,61,619. | Photo Credit: Getty Images/iStockphoto After a gap of 14 years, Tamil Nadu has recorded a double-digit economic growth rate in real terms…
File photo of Union Minister Ashwini Vaishnaw. | Photo Credit: ANI Geopolitics, geoeconomics and geotechnology are all changing the world order and hugely impacting businesses and economies globally, said Ashwini Vaishnaw, Union Minister for Railway, Information and Broadcasting and Minister of Electronics and Information Technology, in Bengaluru on Tuesday (August 5, 2025). During this transformative…
“India’s economic trajectory stands out in a turbulent global landscape,” Rumki Majumdar, Economist, Deloitte India, said. Deloitte India on Tuesday (August 5, 2025) projected India’s economic growth at 6.4-6.7 % in the current fiscal citing robust domestic fundamentals and expanding global opportunities. It, however, said that India must monitor its trade exposure and be…
Economist M.A. Oommen speaking at the seminar ‘Post-COVID Development Challenges and Response: Kerala through the lens of State budgets’ organised by the Gulati Institute of Finance and Taxation in Thiruvananthapuram on Tuesday. Finance Minister K.N. Balagopal is also seen | Photo Credit: special arrangement Kerala Finance Minister K.N. Balagopal has warned that Kerala needs to prepare well…
The HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global, inched up to 60.5 in July from 60.4 in June. (Image used for representation) | Photo Credit: Getty Images/iStockphoto Growth in the country’s services sector accelerated to an 11-month high in July, driven by strong international demand and sustained domestic sales, a survey…
