The Reserve Bank of India’s (RBI’s) recent liquidity infusion is likely to reduce the urgency for accelerated rate cuts, according to Santanu Chakrabarti, India Analyst – BFSI at BNP Paribas. He noted that if the RBI can meet its policy goals through liquidity tools—considered more flexible—it may not need to rely heavily on rate cuts … Read more
South Korea’s preliminary April trade data gave an early glimpse of how Donald Trump’s aggressive protectionist policies could dent shipments of export-reliant economies. In one of world’s first trade figures for April to come out after Trump ratcheted up his tariff campaign, the value of South Korean shipments adjusted for working-day differences fell 5.2% from … Read more
United States President Donald Trump’s approval rating on the economy has dropped to the lowest point of his presidential career, with growing dissatisfaction across party lines. According to the CNBC All-America Economic Survey, conducted between April 9 and 13, Trump’s economic management rating was found at 43%, as compared to 55% disapproval. This marks the … Read more
The terms of references (ToRs) finalised by India and the US for the proposed bilateral trade agreement include around 19 chapters covering issues such as goods, services, and customs facilitation, official sources said. To give further impetus to the talks, an Indian official team is visiting Washington next week to iron out differences on certain … Read more
Amid the ongoing tariff war, Reserve Bank Governor (RBI) Sanjay Malhotra has said that the central bank will continuously monitor the rapidly evolving global situation and remain ‘agile and proactive’ in its policy actions. Observing that the Indian economy and the financial markets have demonstrated remarkable resilience, Malhotra cautioned that “they are not immune to … Read more
Current Expenditure Secretary Manoj Govil has been moved to Cabinet Secretariat as Secretary Coordination , while Additional Secretary in the Department of Revenue Vivek Aggarwal moves to Culture as the new Secretary. The ACC has also approved the appointment of Moses Chalai, Secretary, Inter State Council Secretariat, Ministry of Home Affairs as the new DPE … Read more
Defence Minister Rajnath Singh on Friday said the government is committed to make the country self-reliant in the defence sector and has already taken several steps in this direction. Addressing industry representatives in Chhatrapati Sambhajinagar in Maharasthra, Singh said defence exports have risen from ₹600 crore in 2014 to ₹24,000 crore. “Our target is to … Read more
The Delhi government’s excise revenue in 2024-25 rose to around ₹7,766 crore as compared to ₹6,762 crore three years ago, showing signs of recovery from the disruptions caused due to allegations of irregularities related to the excise policy for 2021-22, officials said on Thursday. The excise revenue of the government in 2021-22, including excise duty … Read more
Amid heightened global uncertainty triggered by U.S. trade policies, India is expected to emerge “relatively better,” according to Shamika Ravi, Member of the Prime Minister’s Economic Advisory Council (EAC-PM). She emphasised that India will appear stronger due to its stable macroeconomic indicators and large economy, which serve as key buffers against global protectionism. “We are … Read more
Amid minimal year-on-year growth in overall exports for the 2024-25 financial year (FY25), sources have indicated that the Commerce Ministry is preparing a proposal to address the short-term credit requirements of e-commerce exporters. India’s total exports in FY25 rose by just 0.08% year-on-year, reaching $437.42 billion. According to sources, discussions are ongoing between the Commerce … Read more