New Delhi must look for formal, institutional statements issued directly from Washington rather than rely on casual pronouncements meant for local audiences, notes Ambassador Rajasekhar.
The Reserve Bank of India (RBI) has prematurely closed its swap facility for foreign currency non-resident (bank) deposits, FCNR(B), one month ahead of schedule, after banks mobilised $52.3 billion under the scheme by August 13, indicating sufficient foreign currency reserves.
State-owned enterprises in India are projected to significantly increase their overseas borrowings, potentially exceeding $15 billion in FY27, driven by the Reserve Bank of India's new concessional forex swap facility which offers a 3 per cent funding-cost advantage.
Indian High Commissioner to Bangladesh, Dinesh Trivedi, highlighted the importance of dialogue in resolving bilateral issues between India and Bangladesh, expressing optimism for Prime Minister Tarique Rahman's visit to India. His remarks come amidst diplomatic strains over Bangladesh's demand for the extradition of deposed prime minister Sheikh Hasina, whose virtual media interaction from New Delhi caused outrage in Dhaka.
The ministry of external affairs on Friday dismissed as 'fake news' reports alleging that India had requested Israel to sign a defence pact in response to the newly formed Pakistan-Saudi Arabia-Turkey security framework.
Two commercial vessels, an oil tanker and a cargo ship, carrying a total of 22 Indian nationals, were hijacked by armed pirates in separate incidents off Yemen and Somalia. All Indian crew members on both vessels are reported to be safe, according to the latest information from the shipping ministry and the External Affairs Ministry.
Prime Minister Narendra Modi has highlighted the risks posed by the 'weaponisation' of resources and strategic sea routes, urging India to achieve greater self-reliance in energy to mitigate vulnerabilities to overseas supplies and geopolitical tensions.
A recent SBI Economic Research report indicates that the significant gap between credit and deposit growth, currently over 530 basis points, is likely to persist if geopolitical risks and external supply shocks continue. However, an improvement in deposit growth is anticipated with inflows into foreign currency non-resident (bank) deposits.
Private banks in India are aggressively mobilising Foreign Currency Non-Resident (Bank), or FCNR(B), deposits by raising interest rates and using website countdowns, as the Reserve Bank of India's swap window is set to close on August 31, earlier than initially planned.
India is currently examining Bangladesh's request for the extradition of former prime minister Sheikh Hasina, who has been living in India since her government's collapse in August 2024, with New Delhi confirming the issue is being processed according to established procedures.
External Affairs Minister S Jaishankar lodged a strong protest with US Secretary of State Marco Rubio over US Navy attacks in the Gulf that killed three Indian mariners. India also summoned the US Charge d'Affaires in New Delhi regarding the incident.
Bank fraud is no longer just an external cyber threat -- insiders with legitimate access can exploit banking systems, trusted credentials and institutional blind spots to quietly siphon money.
The Indian equity market is set for an event-heavy week, with analysts pointing to the Reserve Bank of India's (RBI) interest rate decision, developments in the US-Iran situation, and crude oil prices as the primary determinants of market trends.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for competition, policy autonomy, and a sustainable payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI, and the US has criticised India's digital payment systems, raising concerns about the future of India's digital payment landscape.
Who is running the show in Dhaka? This kind of flip-flop, culminating in a last-minute decision to skip a maiden visit, can happen only when the remote is in the hands of one of the competing lobbies within the BNP -- one that appears determined to play a game of chess with India.
An Indian national was tragically killed in an attack on the commercial vessel MV OMORFI on July 18 while it was reportedly transiting Russian territorial waters in the Black Sea, the Ministry of External Affairs (MEA) confirmed, condemning the incident and calling for upholding international obligations for maritime safety.
Gautam Gambhir, India's head coach, dismisses criticism over recent poor results, stating his sole focus is on winning trophies for the country.
The Supreme Court has emphasised the need for timely investigations and conclusions of criminal cases involving illicit money in elections. Observing that black money compromises democracy and the rule of law, the court issued several directives, including reporting seizures to competent authorities within 24 hours, completing investigations within a year, and submitting quarterly status reports to the Election Commission. The ruling also mandates High Courts to designate special courts for expeditious disposal of cases against candidates and requires High Court approval for withdrawing cases.
Prime Minister Narendra Modi and NDA leaders reviewed India's progress in international sports and significant growth in youth employment opportunities at their weekly parliamentary meeting.
A Goldman Sachs report indicates that US and Indian equity markets are becoming less attractive due to lower free cash flow (FCF) yields as valuations rise, while European markets offer significantly higher yields. Concurrently, India's top-listed residential real estate developers experienced a moderation in pre-sales in Q1FY27, attributed to delayed project approvals, limited launches, and high year-ago bases, though underlying housing demand remains healthy.
India's trade deficit reached a six-month high of $31.98 billion in July, driven by a sharp increase in imports, particularly crude oil, electronic goods, coal, and fertilisers. Both merchandise exports and imports recorded their second-highest levels during the same period.
India's manufacturing sector activity growth declined to a five-year low in July, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) falling to 53.5 from 54.2 in June, driven by a slower rise in new business orders and challenging market conditions.
A think tank, GTRI, has urged India to resist US pressure regarding its UPI policies, advocating for the defence of competition, policy autonomy, and the long-term sustainability of its payments ecosystem. This comes as the Lok Sabha passed a bill allowing charges on UPI transactions, a move GTRI suggests should not be influenced by foreign trade complaints.
Carlos Cordeiro, senior advisor to FIFA president Gianni Infantino, has resigned with immediate effect, protesting a proposal to sell a stake in the World Cup, which he labelled 'a bad deal for football'.
South American confederation CONMEBOL had officially proposed hosting the 2030 World Cup with 64 teams last year, allowing more countries the opportunity to join in the celebrations for the tournament's centennial edition.
Indian cricket captain Shubman Gill shared his approach to handling pressure, focusing on controllable factors and avoiding external influences.
Tewolde Gebremariam, a seasoned aviation professional with extensive experience at Ethiopian Airlines, has been named the new Chief Executive Officer and Managing Director of Air India. He is tasked with leading the airline's ambitious five-year transformation plan, Vihaan.AI, aimed at achieving significant growth and profitability, marking him as the second foreign national to helm Air India under Tata Group ownership.
'A favourable base, last year's policy measures, the carryover impact of a good monsoon and improving earnings should all help.'
India has strongly criticised the local body elections in Pakistan-Occupied-Kashmir (PoK), labelling them as a facade to conceal Pakistan's illegal occupation and severe human rights violations in the region. External Affairs Ministry spokesperson Randhir Jaiswal reiterated India's stance that all of Jammu and Kashmir, and Ladakh, including PoK, are integral parts of India. He also dismissed Pakistan's claims to a shared cultural legacy, citing its history of promoting terrorism and fundamentalism.
External Affairs Minister S Jaishankar has strongly defended India's decision to purchase Russian crude oil, stating that the country's energy choices are based on cost and availability, and highlighting the West's 'hypocrisy' in criticising India while historically supplying weapons used against it.
Trade negotiations between the United States and Canada have collapsed, leading to the US imposing 50% tariffs on nearly $28 billion worth of Canadian imports, with Canada immediately vowing to retaliate dollar-for-dollar.
India is projected to attract between $80 and $85 billion through the Reserve Bank of India's (RBI) concessional swap facility, designed to boost foreign currency inflows, according to an SBI research report.
India's balance of payments (BoP) recorded an $8.1 billion deficit in the first quarter of 2026-27 (Q1FY27), a significant increase from a $4.5 billion surplus in the corresponding period of the previous year, primarily driven by a sharp reversal in portfolio flows.
Air India has announced the appointment of Tewolde Gebremariam, former CEO of Ethiopian Airlines Group, as its new Managing Director and Chief Executive Officer, replacing Campbell Wilson. This strategic appointment comes as the airline navigates expansion amidst significant challenges.
UEFA's member associations have unanimously voted to boycott the World Cup and other FIFA competitions in protest against FIFA's plan to sell stakes to external investors in a subsidiary managing its tournaments.
India's banking system liquidity has fallen to its lowest level in over three weeks, driven by robust credit growth and potential RBI intervention in the foreign exchange market, according to the latest data from the Reserve Bank of India.
The Ministry of External Affairs (MEA) has clarified that an Indian passport is primarily a travel document issued to regulate the departure of citizens and is not intended as proof of citizenship. This statement comes amidst a debate on its use for verifying citizenship, particularly concerning electoral rolls, and has drawn criticism from opposition parties.
Researchers have successfully demonstrated the transmission of quantum information over commercial fibre-optic infrastructure, a significant step towards building practical quantum networks. This breakthrough addresses the challenge of cost and maintaining fragile entangled states outside laboratory settings.
Iran has extended an invitation to Congress president Mallikarjun Kharge and other party leaders, including Salman Khurshid and Pawan Khera, to attend the burial ceremonies of its late supreme leader Ayatollah Ali Khamenei. The ceremonies are scheduled from July 5 to 9 across various Iranian cities. India will also be represented by Minister of State for External Affairs Pabitra Margherita and Bihar Governor Ata Hasnain.
India has lodged a strong protest with Russia following the killing of four Indian seafarers aboard a Guinea Bissau-flagged merchant vessel off the coast of Ukraine. The Ministry of External Affairs condemned the attack on the civilian ship, MV Golden Leo, which also left one Indian national critically injured.
