Richard Verma, the highest-ranking Indian-American official in the State Department, has expressed optimism about the future of US-India ties and emphasized the need to base the relationship on shared values rather than mere transactional dealings. Verma, who previously served as America's Ambassador to India, stressed the importance of the Quad in defending the international order, highlighting its shared commitment to a free and open Indo-Pacific.
Shikhar Dhawan and Chris Gayle, traded their bats for dance shoes in a recent viral video.
The Budget assumes significance as it comes on the back of lower-than-expected growth numbers during the second quarter and geopolitical uncertainty.
President Trump made these remarks on Monday while talking to reporters aboard Air Force One on his way back to Joint Base Andrews from Florida.
Indications are that a 'preliminary agreement' may be unveiled during Prime Minister Narendra Modi's visit to the US this week, with President Trump signing the final deal in India in November.
Congress MP Shashi Tharoor has defended his praise for Prime Minister Narendra Modi following his meeting with US President Donald Trump, stating that he spoke with India's interests in mind. Tharoor said that Modi's US visit had yielded some positive outcomes for the Indian people and noted that Modi being the fourth world leader to meet Trump after he took office underscored India's growing importance on the global stage. However, he also pointed out that the visit left some questions unanswered, such as why the issue of how illegal immigrants were returned to India was not addressed. Tharoor also criticized the tendency of political parties to oppose each other reflexively, saying that there has to be some give and take in a democracy.
The Meerut Conspiracy Case was aimed at curbing communist influence in India. However, it fueled nationwide sympathy, shaping the course of leftist politics in the country.
The trade deal, officials say, can lead to an effective trading bloc against the China-led Regional Comprehensive Economic Partnership.
The recent depreciation of the rupee along with sharp fall in the country's foreign exchange (FX) reserves has sparked a debate whether stability of the exchange rate is necessary and desirable. The rupee was one of the least volatile currencies among peers for almost two years before the current downward pressure started in September after the US Federal Reserve lowered interest rate.
'We need to raise the costs and consequences for Pakistan. It is long overdue. Our initial surgical strike was effective for about six months. Then, the Balakot strike provided a deterrent for perhaps two to three years. But we cannot operate under the assumption that such limited responses will suffice for decades to come.'
Apple's ambitious strategy to expand iPhone exports, shift more production from China to India at a faster pace, and grow its domestic market hits a Trump-sized roadblock.
Trade generic drugs (medicines that are sold directly through distributors) are fast becoming a key segment for domestic pharma firms as volume growth slows in the overall market. Big companies like Cipla and Alkem have a significant presence in the segment but recently, players like Torrent Pharmaceuticals and Dr Reddy's Laboratories (DRL) have also entered this market. What is driving big pharma's focus on trade generics? The volume growth in the Indian Pharma Market (IPM) has come down from 5.6 per cent in FY16 to 0.1 per cent in FY23.
High frequency indicators, like vehicles sales, air traffic, steel consumption and GST E-way bills, point towards a sequential pickup in momentum of economic activity during the second half of the fiscal 2024-25 and sustain moving forward, RBI Bulletin said on Wednesday. However, a strong dollar, driven by US economic resilience and trade policy pivots, could exacerbate capital outflows from emerging economies, push risk premiums higher, and intensify external vulnerabilities, said an article on 'State of the Economy' published in RBI's February bulletin.
Industry insiders in India warn that any such move in the pharmaceutical sector could be counterproductive for the US as it may face increased drug shortages if tariffs are imposed on such imports.
'Trump's desire to withdraw the US from some arenas on the global stage will result in ceding space to China.'
'While my generation carries with it the memory of the Chinese perfidy of 1962, this generation will carry the memory of Chinese perfidy in Galwan.'
Appliances and consumer electronic major Samsung has welcomed trade body CITU's decision to call off over one month long strike at its Tamil Nadu-based plant and said it would not take any action against workers who merely participated in the strike. Samsung India also thanked the Tamil Nadu government, which held extensive discussions with the concerned parties at various stages, according to a company statement.
Foreign policy expert C Raja Mohan has said that the recent disengagement of troops with China in eastern Ladakh has given a small opening to India, but the "big issues" remain. He also stressed the importance of strengthening India's ties with the US for technological and economic growth.
India has agreed to allow import of pork and pork products from the US as a part of a bilateral trade deal which will facilitate export of Indian mangoes and pomegranate to the US. The development comes months after the two governments renewed the India US Trade Policy Forum (TPF), after which both nations agreed to iron out thorny issues that included market access issues pertaining to the agriculture sector.
Following the eviction of protesting farmers from the Shambhu border, Haryana security personnel began removing cemented barricades erected to prevent Punjab farmers from reaching Delhi. The Shambhu-Ambala road, closed for over a year, is being cleared with JCBs and other machinery. Meanwhile, the Samyukta Kisan Morcha (Non-Political) and the Kisan Mazdoor Morcha announced dharnas outside deputy commissioners' offices in protest against the Punjab Police crackdown. The groups criticized the Aam Aadmi Party (AAP) government in Punjab for evicting the protesters and detaining farmer leaders on Wednesday. The police action was justified by Punjab Finance Minister Harpal Singh Cheema, who said industries and businesses were hit hard due to the prolonged closure of the highways. The protesting farmers, led by the Samyukta Kisan Morcha and the Kisan Mazdoor Morcha, had been camping at the Shambhu and Khanauri border points since February 13, 2022.
After the government's online monitoring system for the import of electronic hardware items went live on November 1, inbound shipments of laptops and tablets slipped in November to a nine-month low at $225 million, contracting 17.15 per cent year-on-year. This decline was primarily driven by reduced imports from Singapore (down 43.7 per cent), Hong Kong (down 27.4 per cent), and China (down 14 per cent), according to the data released by the commerce department. China accounts for approximately 83 per cent of such imports.
Trump said the relationship with both India as well as the country's Prime Minister Modi "is great".
Trump on February 1 had announced tariffs on major US trading partners Canada, Mexico and China. He imposed a 25 per cent tariff on Canadian and Mexican imports and a 10 per cent on goods from China.
Worried by a spike in Chinese imports, the Indian Steel Association (ISA) plans to take up the matter with the government and seek measures to fix "trade distortions". Alok Sahay, secretary general of the group that represents the country's steel producers, said systemic changes were needed. "In order to take any trade measure, it takes a minimum of 15 months' time, due to prevalence of lesser duty rule in India, making India an easy target. "We are going to write to the government on this," he said.
India's Foreign Secretary Vikram Misri will travel to Beijing for a two-day trip beginning Sunday, marking the second high-profile visit from India to China in less than one-and-a-half months. The visit comes amidst ongoing border tensions and follows a recent disengagement pact between the two countries in eastern Ladakh. The Foreign Secretary-Vice Minister mechanism meeting will focus on the next steps for India-China relations, including in the political, economic, and people-to-people domains. The decision to revive this bilateral mechanism was taken at a meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping in Kazan in October.
Barring a few, such as Andhra Pradesh Chief Minister N Chandrababu Naidu (74), Union Minister C R Patil (69) and Uttar Pradesh Finance Minister Suresh Khanna (71), most other ministers attending the WEF represent the next generation of India's politicians.
Over the past five years, US-India trade has more than doubled and the US continues to be India's largest trading partner -- if goods and services are counted -- a total bilateral trade standing at $65.9 billion in 2009.
A top Bush administration official has said that there is "tremendous potential" for the growth of US-India trade and hoped that the two countries would work together for a strong Doha Round Agreement.
National Security Advisor Ajit Doval arrived in Beijing on Tuesday to take part in the India-China Special Representatives' talks to be held on Wednesday aimed at restoring the bilateral ties stalled for over four years' due to the military standoff in eastern Ladakh.
Widespread use of crypto assets, including stablecoins, can have a negative impact on the macroeconomic and financial stability of a country, the Reserve Bank of India (RBI) said on Monday. In its Financial Stability Report (FSR), the banking regulator highlighted that excessive use of crypto assets can reduce effectiveness of monetary policy, worsen fiscal risks, circumvent capital flow management measures, divert resources available for financing the real economy and threaten global financial stability.
India and China on Monday decided to resume the Kailash Mansarovar Yatra as the two sides agreed to take certain people-centric steps to 'stabilise and rebuild' ties.
'While criticising India's high tariffs, Mr Trump stated he would impose reciprocal taxes on Indian products if re-elected.' 'However, since India's tariffs follow WTO rules, Mr Trump's actions would violate these rules,' Ajay Srivastava points out.
Leading oil companies dedicated the second day of India Energy Week (IEW) 2025 to announcing strategic deals and business agreements across the supply chain - from sourcing more crude oil supply to deploying more domestic ships and building gas distribution capacity.
The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations, also pressed for a robust Global Financial Safety Net with a quota-based and adequately resourced International Monetary Fund (IMF) at its centre. It further said the process of IMF governance reform under the 16th General Review of Quotas, including a new quota formula as a guide, should be completed by December 15, 2023.
The Enforcement Directorate (ED) faced criticism from the Supreme Court for filing a "half-baked" reply in a bail matter related to the Chhattisgarh liquor scam. The court expressed dissatisfaction with the situation, questioning the accountability of the ED and its advocate-on-record. The ED's additional solicitor general, S.V. Raju, attributed the error to a miscommunication and assured the court that a departmental inquiry would be initiated.
India's Foreign Secretary Vikram Misri has arrived in Beijing for a two-day visit during which he will hold talks with Chinese officials. The visit comes amid ongoing efforts to de-escalate tensions along the Line of Actual Control (LAC) in eastern Ladakh and to resume bilateral cooperation in various fields, including the Kailash Mansarovar Yatra.
The Securities and Exchange Board of India's (Sebi's) six-step plan to curb retail participation in speculative index derivatives may lead to a substantial drop in volumes - potentially by 30-40 per cent. These measures aim to reduce excessive speculation in the futures and options (F&O) segment, where daily turnover often exceeds Rs 500 trillion and retail investors end up on the losing side of the trade more often. Sebi has decided to increase the contract size from Rs 5 lakh to Rs 15 lakh, raising margin requirements and mandating the upfront collection of option premiums from buyers.
The US asked India on Monday to reduce barriers for increasing bilateral trade and expressed hope of forward movement in the stalled WTO talks.
US lenders represented by Glas Trust have countered Byju's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore, and have said that the beleaguered edtech firm will have to pay the entire $1.2 billion Term Loan B along with interest. The founder of Think and Learn (TLPL) and owner of Byju's brand, Byju Raveendran, had about a week ago said that verified debt on the company is only Rs 20 crore as per insolvency proceedings and he may not have to pay any money to the US lenders represented by Glas Trust.
