European Commissioner for Trade Maros Sefcovic is expected to visit India next month to assess the progress of free trade agreement (FTA) negotiations with Commerce Minister Piyush Goyal, PTI reported citing an official on Wednesday. The visit is likely to coincide with the conclusion of the 13th round of talks, scheduled from September 8 in…
India’s pivot isn’t about abandoning the US. It’s about strategic autonomy. When Prime Minister Narendra Modi lands in Tianjin this week for the Shanghai Cooperation Organisation (SCO) summit-his first visit to China since 2018-it won’t just be a symbolic handshake with Chinese President Xi Jinping. It will be a signal: India is hedging. Against the…
US stocks were mixed on Wednesday as investors awaited chipmaker Nvidia’s quarterly results, seen as a key test of the artificial intelligence boom. The S&P 500 edged up less than 0.1%, staying close to its record high earlier this month. The Dow Jones Industrial Average gained 87 points, or 0.2%, while the Nasdaq Composite slipped…
The Unique Identification Authority of India (UIDAI) has asked schools across the country to ensure that children aged between 5 and 15 years complete their mandatory Aadhaar biometric updates without delay.UIDAI CEO Bhuvnesh Kumar has written to chief secretaries of states and Union territories, urging them to conduct special camps in schools to clear the…
Stock market investors may remain jittery in the near term after the steep 50 per cent tariff on Indian goods entering the United States came into effect on Wednesday, with analysts flagging textiles, gems and jewellery, and leather stocks as likely to remain in focus when trading resumes on Thursday.The additional 25 per cent levy…
According to GTRI’s assessment, India is expected to reduce the negative effects of US tariffs in the coming months. How should India deal with the 50% tariffs imposed by the Donald Trump administration on Indian exports? Ajay Srivastava of Global Trade Research Initiative (GTRI) says there are two ways in which India can absorb the…
The Union Cabinet on Wednesday approved the restructuring and extension of the Prime Minister Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) scheme, extending the lending period from December 31, 2024 to March 31, 2030 with a total outlay of Rs 7,332 crore.The restructured scheme aims to benefit 1.15 crore beneficiaries, including 50 lakh new entrants, according…
India is facing 50% tariffs from US (AI image) The Commerce Ministry has scheduled multiple sessions this week to engage with exporters across various industries, including chemicals, gems and jewellery. These discussions aim to explore new export markets as a response to shield industries from the substantial 50 per cent US tariffs on Indian products,…
Trump has consistently warned of sanctions and additional repercussions for Moscow. (AI image) US President Donald Trump has issued a fresh warning of ‘economic war’ to Russia if Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy fail to resolve their ongoing conflict.According to a Bloomberg report, Trump said the ‘economic war’ would be ‘very…
Trump had announced 50% tariffs on India earlier this month, which went into effect on Wednesday (AI image) NEW DELHI: The additional 25 per cent tariff imposed by US President Donald Trump on Indian goods over New Delhi’s purchases of Russian oil have come into effect, raising the overall levy on exports to 50 per…
