Reserve Bank on Wednesday cut India's growth forecast to 6.5 per cent from 6.7 per cent estimated earlier for the current financial year on account of impact of global trade and policy uncertainties. Prospects of agriculture sector remain bright on the back of healthy reservoir levels and robust crop production in 2025-26, RBI Governor Sanjay Malhotra said while unveiling the outcome of the first bi-monthly Monetary Policy Committee meeting for the current financial year.
The commerce ministry is working on different scenarios to assess the possible fallout of reciprocal tariffs to be imposed by the US administration on April 2 on its key trading partners including India, sources said. US President Donald Trump has said that April 2 will be 'Liberation Day' as he plans to announce tariffs or import duties to bring down America's trade deficit, and promote the country's manufacturing.
India and the US have decided to hold sector-specific talks in the coming weeks to finalise the structure of the proposed bilateral trade agreement (BTA), the government said on Saturday. The engagement between the two countries came in the backdrop of the USA's threat to impose reciprocal tariffs on its key trading partners, including India, on April 2.
'Could the impending new crisis, vibe coding, similarly create not a disaster like what befell Indian handlooms during the Industrial Revolution but another opportunity like what the Y2K crisis created?' asks Ajit Balakrishnan.
'President Trump believes in reciprocity and it is about time that we have a president who actually looks out for the interests of American businesses and workers'
Indian and US officials will begin deliberations on the proposed bilateral trade agreement in Washington from Wednesday with an aim to iron out issues and give an impetus to the negotiations.
People in some border villages of Ferozepur district in Punjab began moving to safer areas amid soaring tensions between India and Pakistan.
At the PMO, policies are framed by factoring in analytical perspectives, implications, sustainability, and other dimensions.
The Indian economy could remain less affected by global trade wars than other countries because the two engines of domestic growth - consumption and investment - are likely to face a limited impact from such headwinds, according to an article on the 'State of the Economy' in the Reserve Bank of India's (RBI's) bulletin, released on Tuesday.
Geopolitical tensions, trade policy uncertainties, volatility in international commodity prices and financial market uncertainties pose considerable risks to India's economic growth in the coming year, the finance ministry cautioned on Wednesday. "Global trade continues to be affected by uncertainty in the policy environment... tariff-related developments in multiple countries have heightened trade-related risks, affecting investment and trade flows globally.
As in-person negotiations between India and the US kickstarted on Wednesday, Treasury Secretary Scott Bessent said he expected India to strike the first bilateral trade deal to avert President Donald Trump's reciprocal tariffs.
The Reserve Bank on Wednesday lowered the inflation projection for the current fiscal to 4 per cent from 4.2 per cent earlier, taking into account good agricultural output and falling crude prices.
'A Lufthansa crew member reached a hotel in the middle of night and slept.' 'The next morning, something fell and she bent to pick it up.' 'She saw a dead body under the bed!'
The Indian exporting community is "very" concerned about the possible reciprocal tariffs of the US as it could severely hurt MSME shipments to America in the short run, Federation of Indian Export Organisations President SC Ralhan said on Wednesday. He suggested that the government should come forward and support exporters to deal with these tariffs.
India has suspended the Indus Waters Treaty with immediate effect, accusing Pakistan of breaching the pact by refusing to negotiate modifications and engaging in sustained cross-border terrorism. The decision follows a recent terror attack in Jammu and Kashmir that killed 26 people. Pakistan has rejected India's move, calling it an "act of war."
Muskan Rastogi, accused of killing her husband along with her lover and lodged in a Meerut jail, has been found pregnant. The deceased's brother, Bablu Rajput, has said he will raise the child if Saurabh Rajput is identified as the father.
'We do not want to fall into a trap of uncontrolled escalation or all out conflict.' 'When the need arises we will do that.'
The Sixteenth Finance Commission Chairman, Arvind Panagariya, has highlighted the challenges faced by southern states due to falling fertility rates and the subsequent increase in dependency ratios and ageing populations. He noted that Andhra Pradesh, Assam, and Tamil Nadu have raised concerns about these demographic trends. The Commission is currently touring the states to gather feedback and is expected to submit its recommendations after completing nationwide consultations.
Punjab farmer leader Jagjit Singh Dallewal has ended his hunger strike which he began on November 26, 2022, to press for various demands of agitating farmers including a legal guarantee on the minimum support price (MSP) for crops. The announcement came after appeals from Union Agriculture Minister Shivraj Singh Chouhan and Union Minister of State for Railways Ravneet Singh Bittu. Dallewal said he would continue to fight for the MSP guarantee and other demands.
In a significant policy shift aimed at boosting agri-productivity and rural prosperity, Finance Minister Nirmala Sitharaman on Saturday announced six new agricultural schemes while increasing the subsidised Kisan Credit Card loan limit to Rs 5 lakh from the existing Rs 3 lakh, benefiting 7.7 crore farmers, fishermen, and dairy farmers.
'Many of these issues will be resolved within 6 months because the US economy has started unravelling.'
Dubai is positioning itself as a springboard for Indian companies looking to tap into fast-growing emerging markets, including Africa, banking on low tariffs, long-standing trade relations, and a shared vision for regional economic growth, said Mohammad Ali Rashid Lootah, president and chief executive officer, Dubai Chambers, at the Dubai-India Business Forum in Mumbai.
Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery may get impacted if the US will go ahead with imposing reciprocal tariffs on Indian products, according to experts. They said that these sectors could face additional customs duties from the Trump administration because of the high tariff differential or gap, which is the difference between the import duties imposed by the US and India on a product.
The Indus system of rivers comprises the main river -- the Indus -- along with its five left bank tributaries, namely, the Ravi, the Beas, the Sutlej, the Jhelum and the Chenab. The right bank tributary, the Kabul, does not flow through India.
A 24-year-old photographer was stabbed to death in Ballia, Uttar Pradesh, after he allegedly made a married woman's photos viral on Instagram. The woman's brother and cousin have been arrested in connection with the murder. Police say the victim, Chandan Bind, was lured to an agriculture plot on the night of March 18, where he was stabbed multiple times and his body dumped in a wheat field. The accused, Surendra Yadav and Rohit Yadav, have confessed to the crime and three knives used in the murder have been recovered.
Punjab Police detained several farmer leaders, including Sarwan Singh Pandher and Jagjit Singh Dallewal, while they were returning from a meeting with a central delegation in Chandigarh. The police also began evicting protesting farmers from the Shambhu and Khanauri border points, which have been closed for over a year. The action comes amid concerns from industrialists in Punjab over the prolonged closure of the border points, which they say has resulted in heavy losses. The meeting between the farmer leaders and the central delegation, led by Union Agriculture Minister Shivraj Singh Chouhan, was inconclusive, but the next meeting is scheduled for May 4.
An Indian official team is likely to visit Washington next week to iron out differences on certain issues before formally launching negotiations for the proposed India-US bilateral trade agreement (BTA), an official said. The visit, which comes within weeks of a high-level US team visiting India, indicates that the talks for the BTA are gaining momentum.
The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?
Bharatiya Janata Party on Thursday issued a three-line whip to all of its Lok Sabha MPs asking them to be present in the House for the passing of the Union Budget 2025-26.
The government aims to initiate "transformative reforms" across six domains, including taxation and financial sector, in Union Budget 2025-26, Finance Minister Nirmala Sitharaman said on Saturday.
Punjab cabinet minister Kuldeep Singh Dhaliwal was told he is left with only NRI Affairs portfolio as the administrative reforms department he was holding for the past nearly 21 months did not exist, according to a government notification.
India should convert the Trump threat to an India opportunity, re-embracing a more liberal trade regime as a way of reviving manufacturing output and exports.
The Communist Party of India (Marxist) is set to elect its next general secretary, with speculation rife over who will lead the party. Leading contenders include M A Baby, backed by the party's Kerala unit, and Ashok Dhawale, who enjoys support from the West Bengal lobby. Other potential candidates include Mohammed Salim, B V Raghavulu, and Brinda Karat. The election will take place at the 24th CPI(M) congress in Madurai, Tamil Nadu.
'We plan to launch new initiatives, including cash flow-based lending, to ensure borrowers are not burdened and can access funds more quickly.'
Trump's tariffs, falling shrimp prices, and fears of additional US levies, spark a crisis in Andhra Pradesh's politically vital aquaculture sector.
Vadra has been questioned multiple times by the federal probe agency in a different money laundering case.
Cooking gas or Liquified Petroleum Gas (LPG) price has been raised by Rs 50 per cylinder by distribution companies, Union Oil Minister Hardeep Singh Puri said on Monday.
The Lok Sabha was adjourned for the day on Thursday as opposition members protested wearing T-shirts with slogans on the issue of delimitation of parliamentary and assembly constituencies. The Speaker, Om Birla, objected to the DMK members wearing T-shirts with slogans written on them, saying such actions were against the rules of procedure of the House. He directed the members to go out of the House and come back with proper dress maintaining dignity. The DMK members have been trying to raise the issue of delimitation in the Lok Sabha, but the Speaker had rejected their pleas contending that the issue is nowhere on the government radar as the census of population was yet to be conducted.
Simplifying investment policies at the micro level and introducing a time-bound framework will be critical for India's growth targets, notes Krishna Ella.
'I certainly hope the two can avoid a trade war and believe they will.' 'I expect some in India will push for retaliatory tariffs if the Trump administration applies significant reciprocal tariffs.'
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