IREF pointed out that Indian rice shipments to the US are already levied with a 50% duty. (AI image) India’s rice exports may bear the brunt of escalating tensions in Iran and US President Donald Trump’s latest move to impose 25% tariffs on any country doing trade with Iran. “Effective immediately, any Country doing business…
If Budget 2026 is to accelerate growth meaningfully, it must leave more money in the hands of taxpayers. (AI image) By Umesh Kumar JethaniAs India pushes towards the $5-trillion economy milestone, the Union Budget 2026 has a pivotal opportunity to fuel this growth. Consumption remains the most reliable engine of the Indian economy. Yet, rising…
Ashwini Vaishnaw (ANI image) India on Monday participated in the Finance Ministerial on Securing Critical Minerals Supply Chains hosted by US Treasury Secretary Scott Bessent in Washington. Union Minister for Railways, Information & Broadcasting and Electronics & IT Ashwini Vaishnaw represented the country in the high-level meeting. New Delhi underlined its strong commitment in building…
High Commissioner of India to Kenya Adarsh Swaika met Kenya’s Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia W Mudavadi on Monday, with both sides agreeing to convene the Kenya-India Joint Commission for Cooperation in New Delhi as part of efforts to further strengthen bilateral ties between the two nations.According to…
Representative image (AI) Asian share markets rose on Tuesday, led by a strong rally in Japanese stocks as investors bet on technology and AI-led growth. At the same time, uncertainty over the independence of the US Federal Reserve lifted gold prices and pressured the dollar.Japan’s Nikkei index surged after reopening from a holiday, jumping 3.4%…
India already faces 50% tariffs on its exports to the US. (AI image) In a fresh round of global tariffs, US President Donald Trump has announced that countries doing trade with Iran will attract a 25% tariff from the world’s largest economy. The move is seen as a pressure tactic on Iran over its response…
Representative image (AI-generated) US President Donald Trump on Monday warned that Washington could face severe financial repercussions if the Supreme Court rules his sweeping global tariffs illegal. The warning comes as the country’s top court prepares to hear the high-stakes case this week.In a post on Truth Social, Trump wrote: “If the Supreme Court rules…
MUMBAI: Three banks on Monday appealed against interim relief granted to industrialist Anil Ambani last month by a single-judge bench of the Bombay high court. The judge had restrained the lenders from taking action against Ambani’s accounts based on a forensic audit report (FAR) of 2020.The HC, had in Dec, agreed with Ambani’s contention that…
The Confederation of Indian Textile Industry (CITI) has urged the government to permanently remove the 11 per cent import duty on cotton in the Union Budget 2026, warning that the levy is aggravating cost pressures and hurting the global competitiveness of domestic textile and apparel manufacturers, PTI reported.A CITI delegation met Union Agriculture Minister Shivraj…
The US Justice Department’s threat to criminally indict Federal Reserve Chair Jerome Powell has triggered a fresh confrontation between the White House and the central bank, intensifying concerns over the Fed’s independence and the direction of US monetary policy.The subpoenas, served on Friday, relate to Powell’s June testimony on the $2.5 billion renovation of Federal…
