Stay updated with the latest Other news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on Other topics.
Saturday, 5 July 2025 () Prime Minister Modi's visit to Brazil for the Brics Summit underscores India's commitment to deeper economic integration within the bloc. Business leaders are advocating for the removal of trade barriers and the promotion of local currency trade. India's digital transformation is being showcased as a model for other emerging economies, with calls for sharing successful digital platforms across Brics nations.
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract more capital inflows, amid pressures on the rupee. Starting December 6, banks can offer higher rates -- up to 400 basis points for 1-3 year deposits and 500 basis points for 3-5 year deposits -- until March 31, 2025. This move comes as the rupee faces volatility.The Reserve Bank of India on Friday announced a raise in the interest rate caps on the Indian diaspora's foreign cu ...Read More >
New Delhi [India], August 13 (ANI): Former diplomat Vikas Swarup on Wednesday warned that the US is making a 'strategic mistake' by strengthening ties with Pakistan, a country closely aligned with China, a strategic competitor of the US. In an interview with ANI, Swarup, a former High Commissioner to Canada, said, 'I think it's a strategic mistake on the part of the US that you are getting into bed with Pakistan, which is in bed with China. China is the US' strategic competitor.' Swarup's comments come after Pakistan Army Chief Gen Asim Munir made provocative remarks in Florida, suggesting P ...Read More >
New Delhi [India], December 5 (ANI): Russian President Vladimir Putin on Friday said that his State visit to India and the agreements signed during bilateral talks with Prime Minister Narendra Modi will further strengthen and deepen the Russia-India strategic partnership, as both sides reviewed their cooperation across a wide spectrum of sectors. President Putin, during a joint press address at Hyderabad House, said the two leaders had developed a close working dialogue. He recalled his meeting earlier this year during the Shanghai Cooperation Organisation in Tianjin, China. Also Read | Vlad ...Read More >
New Delhi, Jul 2 (PTI) Prime Minister Narendra Modi on Wednesday said India is committed to BRICS as a vital platform for cooperation among emerging economies as he left on a week-long visit to five countries, including Brazil where he will attend the bloc's meeting. "Together, we strive for a more peaceful, equitable, just, democratic and balanced multipolar world order," he said in his departure statement. During the week-long travel, the PM will visit Ghana, Trinidad and Tobago, Argentina, Brazil and Namibia. Ghana will be his first port of call. Modi said that at the invitation of Presi ...Read More >
New Delhi: Prime Minister Narendra Modi on Wednesday held talks with Ghanaian President John Dramani Mahama to explore avenues for strengthening economic, energy, and defence cooperation, as well as broader development partnerships. This marks the first Indian prime ministerial visit to Ghana in nearly three decades. Upon arrival in Accra, Modi received a ceremonial welcome, including a Guard of Honour and a 21-gun salute, from President Mahama, and was warmly greeted by a large gathering of the Indian diaspora. "The historic visit will deepen the partnership between India and Ghana and under ...Read More >
New Delhi, Jul 2: Prime Minister Narendra Modi arrived today in Accra on his State Visit to Ghana. In a special gesture, on arrival at the airport, Prime Minister was received by the President of Ghana, H.E. John Dramani Mahama and accorded a ceremonial welcome. This gesture is reflective of the strong and historic bonds of friendship between the two nations. Prime Minister Narendra Modi departed Wednesday, on an eight-day, five-nation visit aimed at reinforcing India's strategic partnerships across Africa, Latin America, and the Caribbean. Between July 2 and 9, the Prime Minister will travel ...Read More >
New Delhi, August 13 (ANI): Former diplomat Vikas Swarup has described the United States' current relationship with Pakistan as a short-term, tactical arrangement driven largely by financial interests, while stressing that US-India ties remain strategic in nature. In an interview with ANI, Swarup, a former High Commissioner to Canada and renowned author, said, 'We have to look at the US' relationship with Pakistan in a different lens from the US' relationship with India. I believe the current relationship with Pakistan is tactical and short-term, primarily driven by the financial gain the Tru ...Read More >
Trump warns BRICS nations against replacing US dollar Dec 2 (Reuters) - A gauge of emerging market stocks rose on Monday, driven by positive manufacturing data from China and expectations of continued policy support from Beijing, while India's rupee hit a record low because of weaker-than-expected economic data. As of 0932 GMT, the MSCI's index for emerging market stocks had risen by 0.7%, on track for its biggest percentage gain in over three weeks. China's blue-chip CSI 300 climbed 0.8%, and the Shanghai Composite index jumped 1.1% after a private survey indicated that Chinese factory act ...Read More >
The latest World Economic Outlook (WEO) report suggests that India's domestic strength continues to offset the impact of rising US tariffs and global trade tensions. India's Growth Outlook According to the IMF, the 6.6% forecast reflects strong performance in the first quarter of 2025, which helped neutralise much of the tariff-related impact on exports. However, the figure is 0.2 percentage points lower than the pre-tariff projection made in October 2024. India's economic expansion is expected to outpace China's 4.8% growth, cementing its role as the primary driver of Asia's economic momen ...Read More >
New Delhi, April 3: Global crude oil prices rose on Friday after US President Donald Trump warned of possible military strikes on Iran within two to three weeks, stoking fresh concerns over supply disruptions from the West Asia region. Brent crude futures traded at $109.24 per barrel, up 8 per cent, while US West Texas Intermediate (WTI) futures were at $111.54 per barrel by 3:39 am (local time). Till Friday, US WTI futures jumped 11.94 per cent from the previous Friday's close during the week, while Brent crude declined 3.14 per cent over the same period. The ongoing conflict in West Asia, n ...Read More >
The Chinese yuan was also facing its own challenges from the growing threat of more U.S. tariffs on China, pushing it down to a 13-month trough. Japan's tech-heavy Nikkei jumped 1.6% as of 0200 GMT, and South Korea's KOSPI advanced 1.7%. Taiwanese shares gained 1.1%. Australia's stocks benchmark rose 0.7% and reached a fresh all-time high. However, Chinese stocks were under pressure, with Hong Kong's Hang Seng edging slightly lower and mainland blue chips falling 0.3%. MSCI's broadest index of Asia-Pacific shares added 0.7%. Both S&P 500 and Nasdaq futures were flat after the cash indexes ...Read More >
(Bloomberg) -- Indian bonds are poised to gain while the rupee is set to weaken as analysts bet on a softer monetary policy after the government named career bureaucrat Sanjay Malhotra as the new Reserve Bank of India governor. Most Read from Bloomberg Malhotra, a surprise pick, will take charge from Shaktikanta Das under whom the RBI kept borrowing costs unchanged for almost two years. While Malhotra's views on monetary policy are largely unknown, he recently urged revenue officials to prioritize economic growth, and the markets may read his appointment as dovish. The central bank is expec ...Read More >
Mumbai, Jul 7 (PTI) The rupee logged a steep fall of 54 paise to settle at 85.94 against the US dollar on Monday amid rising global crude oil prices and a strong American currency. Subdued sentiment in domestic equities due to uncertainties over US President Donald Trump's trade tariffs put further pressure on the local unit, according to forex traders. At the interbank foreign exchange, the domestic currency opened at 85.53 against the greenback and traded in a wide range of 85.51-86.03 before settling at 85.94, lower by 54 paise from its previous close. The rupee rose 15 paise to settle a ...Read More >
New Delhi, July 10 (SocialNews.XYZ) Commerce Minister Piyush Goyal on Thursday said he had a productive meeting with Tzafrul Aziz, Malaysian Minister of Investment, Trade and Industry, during which he discussed the ongoing review of the ASEAN-India Trade in Goods Agreement (AITIGA). "Looking forward to fast-tracking discussions with ASEAN member states to ensure fair trade and balanced growth," Piyush Goyal said in a post on X. "We also held discussions on the Comprehensive Economic Cooperation Agreement (CECA) between both countries," the minister further stated. Malaysia is India's perman ...Read More >
NEW DELHI - President Donald Trump's new list of tariffs on half the world's countries sent the United States' trading partners scrambling to understand how their businesses will be affected. India got the bad news a day earlier - its goods face a tariff of 25 per cent or more - but the extra time was hardly enough to adjust to the fresh chaos. Indian negotiators had not expected to conclude a meaningful deal in time to meet Mr Trump's revised deadline of Aug 1. But they did expect to be treated as well as their neighbours, and to keep haggling with US officials until October or November, w ...Read More >
India is inching closer to Beijing. After US President Donald Trump doubled down with a 50% tariff on Indian goodspunishing New Delhi over discounted Russian oil purchasesPrime Minister Narendra Modi is quietly reopening the China playbook. Direct flights between the two neighbors, suspended since 2020, could resume as early as next month. According to people familiar with the matter, the announcement may coincide with Modi's first China visit in seven years for the Shanghai Cooperation Organisation summit. Beijing, also under pressure from Trump's trade war, just eased urea export curbs to In ...Read More >
New Delhi, Nov 20 (SocialNews.XYZ) India on Thursday said that it is looking forward to a successful and productive G20 Leaders' Summit in South Africa's Johannesburg later this week which will also see participation of Prime Minister Narendra Modi. "The summit will be important for India to ensure continuity of its priorities in the G20 after having hosted a very successful presidency in 2023. As you are aware, the G20 has emerged as a premier forum for international economic cooperation as well as for discussing matters of global significance. The G20 provides an excellent opportunity for t ...Read More >
Trump's pressure on countries to remain tied to a US-dollar-based financial system could backfire, with potential increased motivation for BRICS to create alternatives. While the dollar's dominance persists due to existing economic strengths, recent global currency agreements indicate a cautious shift away from reliance on the greenback.Donald Trump's pressure on countries around the world to stay anchored to a US-dollar-based financial system is a tactic that risks backfiring, market watchers say. Dollar dominance looks set to continue for the foreseeable future and emerging nations' idea of ...Read More >
[BENGALURU] Gold prices steadied on Tuesday (Jul 8) as US President Donald Trump announced sharply higher tariffs on goods from Japan, South Korea and other nations, while higher US treasury yields capped gains. Spot gold fell 0.1 per cent to US$3,331.89 per ounce as at 0035 GMT. US gold futures were steady at US$3,341.80. On Monday, Trump began telling trade partners, including Japan and South Korea, that sharply higher US tariffs would start on Aug 1, marking a new phase in the trade war he launched earlier this year. The Aug 1 effective date for US tariffs was firm, Trump emphasised but ...Read More >
India is set to outpace China, which is expected to grow at 4.8%. New Delhi: The International Monetary Fund (IMF) has predicted that India will continue to be one of the fastest-growing 'emerging market and developing economies' in 2025-26, growing at a rate of 6.6%, according to the World Economic Outlook (WEO) report. This upward revision is attributed to strong economic performance in the first quarter, which has more than offset the effects of increased US tariffs on Indian goods. India ...Read More >
CHENNAI: India emerged as a key architect of the BRICS agenda -- driving local-currency trade, global governance reform, green investments, and digital regulation. These developments offer strong tailwinds for sectors spanning finance, infrastructure, technology, agriculture, and clean energy. With India set to assume BRICS Chairmanship in 2026, its businesses are well-positioned to capitalise on newfound opportunities. Following are some of the highlights from the Summit as far as such opportunities are concerned: National Currencies BRICS leaders, including India, endorsed increasing trad ...Read More >
New Delhi, Jul 9: Prime Minister Narendra Modi was conferred with Brazil's highest national award, The Grand Collar of the National Order of the Southern Cross, by Brazilian President Luiz Inácio Lula da Silva. The prestigious honour, reserved for heads of state and government, marks a deepening of the nearly eight-decade-old friendship between the two major democracies. Accepting the award during his state visit to Brazil, Prime Minister Modi expressed deep gratitude to the Brazilian President, government, and people. He dedicated the honour to the 1.4 billion citizens of India and described ...Read More >
MUMBAI: The Indian rupee on Tuesday slipped to a fresh all-time low, crossing the 91 mark, making it one of the weakest major currencies globally this year and the weakest in Asia in 2025 so far. The pressure on the currency is being driven by uncertainty around the India-US trade deal, continued foreign institutional investor (FII) outflows and persistent US dollar buying. Over the past 9 trading sessions, the currency has declined from 90 to 91 against the dollar, including a one percent drop in just the last five sessions. According to forex traders, the rupee might even cross the 92 per do ...Read More >
Nagpur: Congress Legislature Party leader Vijay Wadettiwar questioned the govt's priorities on Tuesday, highlighting the increasing number of farmer suicides in Maharashtra. He accused the govt of neglecting agrarian crisis while approving Rs20,000 crore for Shaktipeeth highway project."Money is available for massive infrastructure projects, but where is the budget for farm loan waivers as promised by the BJP before last year's assembly polls to the farmers?" Wadettiwar asked while moving an adjournment motion in the Legislative Assembly. He cited official data showing that between January and ...Read More >
New Delhi: BRICS, the developing world's stand-in to the G-7 grouping. was expanded at the Kazan Summit, last year. Post expansion, Indonesia, Iran, Egypt, Ethiopia, Saudi Arabia and the UAE have joined the founding members Brazil, Russia, India, China and South Africa. In a world divided in silos, BRICS nations are advancing pragmatic pluralism. Under its presidency, Brazil has resisted strong pressures to position BRICS as an anti-West alliance. Six key agenda points at the 2025 Summit in Rio de Janeiro (July 6-7) indicate apprehensions and fear of our times. They include a more efficient ...Read More >
New Delhi, Apr 2 (PTI) India assumed the BRICS chairship on January 1, and as such it has followed a people-centric and humanity-first approach, the government informed Parliament on Thursday. The BRICS, originally comprising Brazil, Russia, India, China and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, and the UAE, with Indonesia joining in 2025. "India assumed the BRICS Chairship on January 1, 2026 under the theme, 'Building for Resilience, Innovation, Cooperation and Sustainability'. Priorities aligned with this overarching theme have been identified across all thematic ...Read More >
Foreign investors are withdrawing from Indian equities due to global risk aversion amid West Asia tensions, but India's domestic strength remains solid. Ross Maxwell of V T Markets highlights that the retreat reflects a risk-off strategy rather than concerns about India's economic fundamentals, with geopolitical developments impacting investor sentiment. Global investors are retreating from Indian equities, driven by increasing global uncertainties and a 'risk-off' mindset amid ongoing West Asia ...Read More >
The rupee declined to a new all-time low after data showed a sharp slowdown in the economic growth. Bonds extended gains on bets the central bank may cut interest rates sooner than anticipated. The rupee fell 0.2 per cent to 84.6637 per dollar after a government report on Friday showed the economy grew at the slowest pace in almost two years. A stronger dollar spurred by US President-elect Donald Trump demanding a commitment from the so-called BRICS nations to using the greenback also weighed on emerging-market assets. Also read: RBI to keep repo rate unchanged at meeting next week, chances ...Read More >
Hyderabad: President-elect Donald Trump's warning that BRICS countries will face 100 per cent tariffs if they choose to move away from the US dollar is unclear to what extent he will carry out his threat, as it remains to be seen if the US law permits such an action, former RBI Governor Duvvuri Subbarao said on Monday. He also said even for BRICS, there are internal differences about bringing out an alternative to the US Dollar. The nine-member group that includes India, Russia, China, and Brazil, moving out of the US currency and having a common one remains a non-starter because of both polit ...Read More >
Two of the emerging-market giants hardest hit by President Donald Trump's trade wars are deepening their ties in response, betting that a united front will help them endure the US broadsides and find new markets to skirt tariffs. Most Read from Bloomberg Government officials and business executives from Brazil and India are converging this week in New Delhi, seeking to forge new relationships and triple the countries' $12 billion trade partnership as economists warn that Trump's policies could ...Read More >