U.S. President Donald Trump has announced that the United States will impose additional tariffs on India within the next 24 hours, citing India’s continued oil trade with Russia as the primary reason. In a recent statement, Trump criticized India’s 25% existing tariff rate and said it would be increased. He called India “not a good … Read more
WASHINGTON: U.S. President Donald Trump has labeled the Indian economy as “dead”, criticizing its close economic ties with Russia and imposing high trade tariffs. In a statement posted on his social media platform, Truth Social, Trump said, “I don’t care what India does with Russia. They can take their dead economies down together — I’m … Read more
New Delhi: China has imposed a ban on the export of rare earth metals to India, a significant move that is sending shockwaves through the Indian economy and threatening its crucial auto industry. This action highlights India’s substantial reliance on China for key components, leaving its manufacturing sector vulnerable. The immediate impact is being felt acutely … Read more
Bank of Baroda is set to benefit from the government’s thrust on increased infrastructure spending. Chairman Hasmukh Adhia said BoB has a positive outlook for 2022-23. The banking industry would be benefited due to an increase in the demand for bank credit. Bank of Baroda (BoB) is set to profit from the public authority’s push … Read more
The Indian economy shrank drastically in the first quarter of 2020 amid the coronavirus as the Reserve Bank of India (RBI) in its latest publication released high-frequency data. According to the report, “India has entered a technical recession in the first half of 2020-21 for the first time in its history.” Gross Domestic Product GDP … Read more
