business

Amidst escalating trade tensions with the U.S. over tariffs and oil imports from Russia, Mahindra Group chairman Anand Mahindra has called for India to seize the moment for bold economic reforms. He suggests improving the ease of doing business through a single-window clearance system and unlocking tourism’s potential by streamlining visa processes and developing dedicated…

Indian exporters face a major setback as the US imposes a steep 50% tariff on most Indian goods due to continued Russian oil purchases. The Federation of Indian Export Organisations (FIEO) expressed shock, highlighting that sectors like textiles and leather will be severely affected.

US President Trump touts billions in tariff revenue, but its use remains unclear. While the government collected nearly $30 billion last month alone, a 242% increase, the funds enter a general Treasury pool. Trump proposed debt reduction or rebates, yet neither materialized.

India has strongly condemned the US’s decision to impose an additional 25% tariff on Indian crude oil imports from Russia. The Ministry of External Affairs labeled the move ‘unfortunate,’ emphasizing India’s commitment to safeguarding its energy security and national interests. This decision places India at a competitive disadvantage in the US market, potentially impacting trade…

Amidst ongoing trade discussions, Japan is poised to import Ford’s F-150 pickup trucks following a recent agreement with the US. This deal involves Japan lifting restrictions on American cars and recognizing US vehicle safety standards, while facing a 15% reciprocal tariff on its imports.

RBI Governor Sanjay Malhotra refuted Donald Trump’s ‘dead economy’ remark, asserting India’s strong economic performance and significant contribution to global growth, exceeding that of the United States. Despite concerns over potential US tariffs due to India’s energy ties with Russia, Malhotra assured a stable inflation outlook, with authorities prepared to intervene if global oil prices…

Despite US President Trump’s concerns over India’s oil trade with Russia and threats of increased tariffs, both the EU and the US continue significant trade with Russia. India has called out the West’s hypocrisy, highlighting their ongoing imports of Russian energy, fertilizers, and other commodities.

RBI Governor announced measures to simplify claim settlements for deceased customers’ accounts and lockers, alongside a re-KYC drive for PMJDY accounts via panchayat-level camps. The Retail Direct platform will now offer SIPs in treasury bills. Bank credit growth slowed to 12.1% in FY25, but total financial resource flow to the commercial sector increased.