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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: External Affairs Minister S Jaishankar on Thursday met Archbishop Paul Richard Gallagher, the Secretary for Relations with States and International Organizations of the Holy See. In a post on X, Jaishankar said, "Pleased to meet Archbishop Paul Richard Gallagher, Secretary for Relations with States and International Organizations of the Holy See. A good conversation about the importance of faith, and the need for dialogue and diplomacy to address conflicts. The emphasis on dialogue ...Read More >
New Delhi [India], July 17 (ANI): External Affairs Minister S Jaishankar on Thursday met Archbishop Paul Richard Gallagher, the Secretary for Relations with States and International Organizations of the Holy See. In a post on X, Jaishankar said, Pleased to meet Archbishop Paul Richard Gallagher, Secretary for Relations with States and International Organizations of the Holy See. A good conversation about the importance of faith, and the need for dialogue and diplomacy to address conflicts. htt ...Read More >
Kolkata, Jul 11 (PTI): A controversy erupted in West Bengal after a history question paper at the state-run Vidyasagar University described Indian revolutionaries as "terrorists," triggering strong political reactions and forcing the institute to issue a public apology, calling it a "printing mistake." Reacting to it, Netaji Subhas Chandra Bose's grandnephew, Chandra Kumar Bose, told PTI Videos, "To call revolutionaries -- who laid down their lives for the country's freedom -- as terrorists is ...Read More >
Kolkata, Jul 11 (PTI) A controversy erupted in West Bengal after a history question paper at the state-run Vidyasagar University described Indian revolutionaries as "terrorists," triggering strong political reactions and forcing the institute to issue a public apology, calling it a "printing mistake." The contentious reference appeared in question 12 of the sixth semester BA Honours history exam (in Bengali), which asked students to name three district magistrates of Midnapore "killed by terrori ...Read More >
Mumbai, July 4: Tata Power Chairman N Chandrasekaran, addressing the company's 106th Annual General Meeting (AGM) on July 4, emphasized the company's strategic growth, operational excellence, and unwavering commitment to clean energy, even as he acknowledged recent challenges. Opening the address with a solemn note, Chandrasekaran said, "We honour those who lost their lives in the recent Air India flight tragedy AI-171. Across the Tata Group, our thoughts are with the affected families and love ...Read More >
New Delhi: Indian businesses are hoping for a breakthrough in trade negotiations with the US as the deadline for higher reciprocal tariffs approaches, said Rajiv Memani, chairman and chief executive of EY India, who has recently taken over as president of the Confederation of Indian Industry (CII) for 2025-26. Speaking to reporters on Thursday, Memani underscored the urgency of boosting Indian competitiveness through regulatory and business reforms. "India's economy is expected to grow at 6.4-6 ...Read More >
New Delhi: India is well-positioned to benefit from a global realignment in trade and investment flows driven by shifting tariff regimes, and could outpace several Asia-Pacific (APAC) peers, Moody's Ratings said on Thursday. As multinationals reassess supply chains amid rising protectionism and evolving trade policies, India's relative tariff advantage may strengthen its appeal as an emerging global manufacturing hub, Moody's noted in its latest Sovereigns - Asia-Pacific Outlook. "India may be ...Read More >
New Delhi, Jul 3 (PTI) Calling for protectionist measures to check cheap steel imports, Jindal Stainless Managing Director Abhyuday Jindal on Thursday said that the country has sufficient steel production capacity to meet the local demand. Jindal also said that in addition to the US and Europe, countries with very low steel production are also adopting protective measures. It is very important to protect "our country," Jindal said while addressing an Indian Chamber of Commerce's event here. " ...Read More >
Srinagar, Jul 3 (PTI) The annual Amarnath Yatra began on Thursday with the first batches of pilgrims setting off from the twin base camps in Baltal and Nunwan towards the 3880-metre-high cave shrine in the south Kashmir Himalayas, which houses a naturally formed ice-lingam, officials said. The yatra started early morning from the twin tracks -- the traditional 48-km Nunwan-Pahalgam route and the 14-km Baltal route. The batches of pilgrims, including men, women and sadhus, left from the Nunwan ...Read More >
India's balance of payments (BoP) recorded a $13.5 billion current account surplus in the fourth quarter of fiscal year 2025 (Q4FY25), equivalent to 1.3 per cent of GDP. This surplus, driven by robust services exports and remittances, paints a picture of external sector strength. However, it conceals significant vulnerabilities in merchandise trade, capital inflows, and domestic demand. In fiscal year 2025 (FY25), the current account deficit (CAD) moderated to -0.6 per cent of GDP, an unusual o ...Read More >
Thiruvananthapuram: Ravada A Chandrasekhar took charge as the new State Police Chief on Tuesday. He succeeds Shaik Darvesh Saheb, who retired on June 30. His tenure will run until July 1, 2027. A 1991-batch IPS officer currently serving as Special Director with the Intelligence Bureau, Chandrasekhar is on central deputation. He was selected over Nitin Agarwal, who topped the official list of probables. The appointment order, issued by Kerala Chief Secretary Dr A Jayathilak on behalf of the Gove ...Read More >
Mumbai: Geopolitical uncertainties and rising protectionism are posing challenges for businesses globally, and companies will have to respond with speed and agility to protect their growth as they navigate these disruptions, said Nitin Paranjpe, non-executive chairman at Hindustan Unilever (HUL). "The impact that technology will have on us, the impact that climate change will have on us is understood...we have to gear up to deal with it, but the direction is known..." "The new thing which is hap ...Read More >
New Delhi: Finance minister Nirmala Sitharaman will advocate for greater financial support to developing countries, stronger development banks tailored to Global South priorities, and enhanced private sector participation in sustainable growth initiatives at three high-level international meetings in July. Sitharaman is on an official visit from 30 June to 5 July to attend the UN's Financing for Development conference in Spain, the 10th annual meeting of the New Development Bank (NDB) in Rio de ...Read More >
Mumbai: The USA's shift toward de-globalisation may ironically lead to a new avatar of globalisation that is multi-polar, regional, and driven by domestic imperatives for which India is well-positioned to emerge as one of the new centres of gravity, industrialist Anand Mahindra has said. In his address to shareholders in the Mahindra & Mahindra (M&M) Annual Report for 2024-25, Anand Mahindra, said globalisation is evolving and the US market centrality and China-centric supply chains are ...Read More >
New Delhi, Jun 29 (PTI) A growing wave of protectionism is challenging decades of liberal trade order, dramatically highlighted by the Trump's tariffs, but economic nationalism does not spell the death of globalisation rather it heralds its rebirth, presenting an opportunity for India to emerge as a vital player, according to M&M Ltd Chairman Anand Mahindra. In his address to shareholders in Mahindra & Mahindra (M&M) Annual Report for 2024-25, Mahindra, said "India, too, will face challenges" d ...Read More >
New Delhi, Jun 29 (PTI) A growing wave of protectionism is challenging decades of liberal trade order, dramatically highlighted by the Trump's tariffs, but economic nationalism does not spell the death of globalisation rather it heralds its rebirth, presenting an opportunity for India to emerge as a vital player, according to M&M Ltd Chairman Anand Mahindra. In his address to shareholders in Mahindra & Mahindra (M&M) Annual Report for 2024-25, Mahindra, said "India, too, will face challenges" d ...Read More >
NEW DELHI (AP) -- Beijing's bid for enhanced regional leadership suffered a setback Thursday when India rejected signing a joint statement put before members of the China-backed Shanghai Cooperation Organization, saying it was pro-Pakistan in not mentioning April's terror attack on Indian tourists. Indian Defense Minister Rajnath Singh said the statement diluted India's position on critical issues such as terrorism and regional security, a person familiar with the matter told The Associated Pre ...Read More >
AFP | Mumbai Email : editor@newsofbahrain.com India India's central bank cut interest rates more than expected yesterday, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighed on the country's outlook. The Reserve Bank of India (RBI) lowered the benchmark repo rate, the level at which it lends to commercial banks, by 50 basis points to 5.5%. A majority of analysts had expected 25-basis-point reduction. The cut was its third in a row and comes a w ...Read More >
MUMBAI, India -- India's central bank cut interest rates more than expected on Friday. For this, the Reserve Bank of India (RBI) cited muted inflation and a need to kickstart economic growth. This happened as the impact of US tariffs weighed on the country's outlook. The RBI lowered the benchmark repo rate, the level at which it lends to commercial banks. This went down by 50 basis points to 5.5 percent. A majority of analysts had expected a 25-basis-point reduction. The cut was RBI's third i ...Read More >
Indian Finance Secretary Tuhin Kanta Pandey says: "Our stance is that we don't want to increase protection." India does not want to give any signal that it is protectionist, the top bureaucrat in the finance ministry said, after slashing import duties on high-end motorcycles, amid US President Donald Trump's moves on tariffs. Sunday's remarks came a day after Trump ignited a trade war with sweeping tariffs on Canada, Mexico and China. None were aimed at India, although Trump had called it a ta ...Read More >
New Delhi: The Centre on Monday discussed imposing a safeguard duty on steel to protect against cheap imports, steel overcapacity in China and the impact on India if the incoming Trump administration places curbs on steel imports or levies tariffs on the alloy, as well as the issue of stuck steel consignments at ports. The issues were taken up at a meeting between Commerce and Industry Minister Piyush Goyal and Steel and Heavy Industries Minister H D Kumaraswamy. Officials said the steel minis ...Read More >
NTPC's green subsidiary has a robust project pipeline and is more competitive than its peers Unlock this article at ₹1 Highlights - Quarterly performance largely backed by improved realisations - Medium-term triggers China plus and protectionist measures for tyre industry - Valuations not inexpensive; but improved medium-term outlook ...Read More >
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