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Sri Lankan MP Harish Silva urged lawmakers not to mock India over its trade dispute with the US, recalling that India had helped Sri Lanka in its time of need. Sri Lankan parliamentarian Harish Silva has urged fellow lawmakers to be respectful towards India amid its ongoing tensions with Washington over US tariff rates. Speaking during a debate on the impact of US tariffs, Silva said, "Let's not talk about the US tariffs here. Don't laugh at India. Don't mock them when they are down because wh ...Read More >
Mumbai, Aug 3: The Reserve Bank of India is expected to maintain the key short-term lending rate, or repo rate, at 5.5% in its upcoming monetary policy review on Wednesday, despite economic headwinds and persistent uncertainty over US tariffs. According to leading economists, the central bank may opt for a wait-and-watch approach after having already delivered three consecutive rate cuts totalling 100 basis points. The Monetary Policy Committee (MPC), chaired by RBI Governor Sanjay Malhotra, wi ...Read More >
New Delhi, Aug 1: India launched the first phase of four development projects across nine partner countries as part of its 'India-UN Global Capacity Building Initiative'. The programme aims to deepen South-South cooperation in support of the Sustainable Development Goals (SDGs). The launch event was presided over by Secretary (West) in the Ministry of External Affairs, Tanmaya Lal, and attended by heads of missions from participating countries, UN Resident Coordinator in India Shombi Sharp, dip ...Read More >
New Delhi: India's manufacturing activity rose to a 16-month high of 59.1 in July, driven by robust growth in new orders, output and stock of purchases. The HSBC Purchasing Managers' Index (PMI), compiled by S&P Global, was 58.4 in June 2025 and 58.1 in July 2024. "The Indian manufacturing sector benefited from strong growth in new orders and output," said Pranjul Bhandari, India chief economist at HSBC. The survey respondents attributed the increase in new orders to favourable demand conditio ...Read More >
On US trade tariffs, Sanyal said that India has been successful in navigating the turbulent trade situations as the country is signing pacts with new geographiesSource : pexel Prime Minister's Economic Advisory Council member and economist Sanjeev Sanyal on Friday stated that India's economy is in good shape, but it can grow even faster with consistent investments in infrastructure, the forging of trade agreements, and improvements in the ease of doing business. Speaking with ANI, Sanjeev Sany ...Read More >
Raghuram Rajan advises India to be cautious in trade talks with the US, particularly concerning agriculture. He suggests exploring foreign direct investment to enhance value addition in sectors like milk. Trade tensions pose challenges but also offer opportunities for India. Rajan notes India's economic growth is stable. He suggests reversing protectionism in certain sectors like car manufacturing to boost competition. New Delhi, India needs to be 'very careful and clever' while negotiating tra ...Read More >
New Delhi, Jul 18 (PTI) The Supreme Court has said money cannot be recovered by filing an FIR and seeking help of police as it quashed a cheating case against the producer of Bollywood movie "Tanu Weds Manu". A bench of Justices J B Pardiwala and R Mahadevan expressed displeasure over the approach of the Allahabad High Court in dealing with the petition of producer Shailesh R Singh for quashing of the FIR against him by complainant Kunal Jain. "Money cannot be recovered, more particularly, in ...Read More >
New Delhi: India needs to be 'very careful and clever' while negotiating trade agreements with the US, especially with regard to the agriculture sector, which is heavily subsidised by developed countries, former RBI Governor Raghuram Rajan said on Friday. In an interview with PTI Videos, Rajan said India's economic growth has sort of settled in the range of 6-7 per cent, and a fraction of percentage point may be affected by the global trade uncertainties. "I think where it is much more sort of ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindr ...Read More >
TMTPOST -- India is seeking to reach a trade agreement that allows the upcoming tariffs imposed by the United States much lower than its Asian peers which have received letters dictating new reciprocal tariffs starting next month, according to a report on Thursday. India is seeking a trade deal at more favorable tariff rates than U.S. President Donald Trump had agreed with Indonesia and Vietnam, Bloomberg learned from officials in New Delhi. India is hoping for a tariff that would give it a com ...Read More >
Berlin/New Delhi: Germany has introduced a visa that allows people from outside the European Union (EU), including Indians, to live and work in the country as freelancers for up to one year. Known as the Freelance Visa or Freiberufler visa, it is designed for self-employed professionals such as writers, designers, consultants and artists. The visa can later be extended for up to three years if the individual continues to meet the necessary requirements. It offers a chance to explore Germany's cu ...Read More >
New Delhi [India], July 17 (ANI): Prime Minister Narendra Modi will visit Motihari in Bihar Tomorrow on July 18 where he will inaugurate and lay the foundation stone of multiple development projects worth Rs 7,200 crore. In a post on X, PM Modi said, 'Will be in Motihari, Bihar, tomorrow, 18th July. Development works worth Rs. 7200 crore will be dedicated to the nation or their foundation stones would be laid. These works cover Software Technology Parks, four new Amrit Bharat trains, road proje ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India ...Read More >
MUMBAI (Reuters) -A slump in India's retail inflation to six-year lows and a likely drop to a record low in July is prompting calls for at least one more interest rate cut this year, with many analysts saying the sharp disinflation is also a sign of weakening demand. The drop in June headline inflation is accompanied by low core inflation, which, excluding gold, silver and fuel prices, remains below 4%, suggesting softer underlying consumption which may need more support from monetary policy, a ...Read More >
New Delhi: Cooling prices offered a double dose of relief in June, with both retail and wholesale inflation easing sharply, signalling a broad-based tempering of cost pressures across the economy. Retail price inflation measured by the Consumer Price Index (CPI) came in at 2.1% in June, its slowest pace since January 2019, while wholesale price index-based inflation fell to a 21-month low in June, at -0.13%, marking the first negative reading since October 2023, according to provisional governm ...Read More >
July 14 (Reuters) - India's annual retail inflation (INCPIY=ECI), opens new tab slowed to a more than six-year low of 2.10% in June, near the lower range of the central bank's tolerance band, as food prices continued to ease, making a case for further interest rate cuts. Inflation was lower than the 2.5% estimated by economists in a Reuters poll. Retail inflation was at 2.82% in May. COMMENTARY: GAURA SEN GUPTA, CHIEF ECONOMIST, IDFC FIRST BANK, MUMBAI "The moderation in inflation is led by ...Read More >
HYDERABAD: To the painfully long wait for a US visa, now add punishing costs as the Donald Trump administration slaps a $250 (around Rs 21,450) "visa integrity fee" that will more than double the cost of student, tourist and work visas, beginning January 2026, reports . The fee is refundable under strict conditions.Indians applying for B1/B2 visas (business or tourist), which cost under Rs 16,000 ($185), would need to pay around Rs 37,500 with the new fee. Almost all non-immigrant categories, in ...Read More >
Mumbai, July 5 (SocialNews.XYZ) Chief Justice of India (CJI) B.R. Gavai on Saturday said that as a scholar and expert in various subjects, Dr. Babasaheb Ambedkar's personality was multifaceted, including that of a lawyer, economist, and sociologist. Along with his invaluable contribution in the field of education, Dr Ambedkar's teaching career was also valuable and inspiring, the CJI said. CJI Gavai was speaking at a function after unveiling a memorial plaque at the Government Law College to m ...Read More >
Pune (Maharashtra) [India], July 4 (ANI): Amidst the ongoing Marathi-non-Marathi row, a group of Maharashtra Navnirman Sena (MNS) workers allegedly stormed a man's residence in the Vanaz area of the city on Thursday and threatened to assault him over an objectionable social media post targeting MNS chief Raj Thackeray. The man, identified as Kedar Soman, had reportedly posted a comment on Facebook that MNS workers found offensive and disrespectful to their leader. Enraged by the post, a group o ...Read More >
BENGALURU (Reuters) -Easing inflation and a slowing economy will prompt the Reserve Bank of Australia to ease policy more than predicted in May, according to a Reuters poll of economists who expect the central bank to deliver a third 25 basis point rate cut on Tuesday. Financial markets and economists had previously forecast three RBA rate cuts this year but then in May raised their projections to four and now see five, a shift driven by inflation falling faster than expected and a weakening gr ...Read More >
New Delhi: India's manufacturing activity rose to a 14-month high of 58.4 in June, driven by strong growth in output and new orders, a private survey showed. The HSBC Purchasing Managers Index (PMI), compiled by S&P Global, was 57.6 in May and 58.3 in June 2024. The manufacturing sector closed the first quarter of the current fiscal year on a strong note, with an average PMI reading of 58.1. It was 57.4 in the previous quarter and 58.2 a year earlier. "Robust end-demand fuelled expansions in ...Read More >
New Delhi: New project announcements by private sector companies fell to a four-quarter low in the three months ended June, showed data from the Centre for Monitoring Indian Economy (CMIE). Total investments in these projects at ₹3.5 lakh crore, however, more than doubled from Rs 1.4 lakh crore a year earlier, the data showed. Five states dominated the investments, accounting for 85.7% of the newly-announced projects. Odisha led at Rs 1.4 lakh crore, followed by Andhra Pradesh (₹47,110.7 crore) ...Read More >
New Delhi: Maintaining the pace of India's growing economy, the country's gross goods and services tax or GST mop-up in June stood at Rs 1.85 lakh crore, marking a 6.2 per cent increase compared to the same month last year, while India's manufacturing sector activity rose to a 14-month high in June on the back of expansion in output, new orders, and job creation, two separate data showed on Tuesday. However, the finance ministry said that the government's focus on GST, which completes eighth ye ...Read More >
New Delhi, July 1 (SocialNews.XYZ) India's Goods and Services Tax (GST) system has emerged as one of the biggest success stories in the last decade, reflecting a growing formal economy and rising compliance, noted economist and former IMF Executive Director, Dr Surjit Bhalla, said on Tuesday. In an exclusive interaction with IANS, Bhalla highlighted that GST has not only increased tax revenue significantly but has also brought more businesses and individuals under the formal tax net. "The GST ...Read More >
New Delhi: India's manufacturing sector activity rose to a 14-month high in June on the back of expansions in output, new orders, and job creation, a private survey showed on Monday. The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 58.4 in June, up from 57.6 in May from 58.2 in April and 58.1 in March. India's manufacturing PMI was 56.3 in February and 57.7 in January. A reading above 50 indicates expansion. To be sure, the headline figure was abo ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More >
New Delhi: Industrial output growth slowed to a nine-month low in May as electricity and mining sectors contracted sharply and the key manufacturing sector remained sluggish. This points to some pain for the vital sector against the backdrop of global uncertainties.Data released by the National Statistics Office (NSO) on Monday showed the index of industrial production (IIP) rose by 1.2% in May lower than the 2.6% in April and below the 6.3% recorded in May last year. The early onset of the mons ...Read More >
New Delhi [India], June 28 (ANI): In a continuing crackdown under Operation Chakra-V, the Central Bureau of Investigation (CBI) conducted coordinated search operations at multiple locations in Ahmedabad and Mumbai on June 25 in connection with a transnational cyber extortion case, the probe agency said on Friday. CBI said that the searches led to the recovery of incriminating evidence. The main suspect behind a transnational cyber extortion syndicate was arrested on June 26 in Mumbai. Also Rea ...Read More >
Ranchi: More than 8,000 primary schools across the state, which account for nearly one-third of the total govt run primary cradles statewide, are operating with a single teacher, a new study released on Friday has claimed.The report, titled Single Teacher Primary Schools (STePS), was released in Manika in Latehar district. The study was carried out by Pallavi Kumari and Sarang Gaikwad for NREGA Sahayta Kendra, Manika with the support of social activist and noted economist Jean Dreze, who is also ...Read More >
New Delhi, June 7 (SocialNews.XYZ) The Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar has been appointed as a part-time member of the Dr Arvind Panagariya-headed 16th Finance Commission, it was announced on Saturday. "The President has appointed T. Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI), as a part-time Member of the 16th Finance Commission (XVIFC)," the Finance Ministry said in a statement. "He will hold office from the date of assuming charge until the submission ...Read More >
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