BUSINESS
Watch| Trump Defends 50% Tariffs on India Over Russian Oil Ties, Warns of Secondary Sanctions
He was reacting to a question by a journalist, asking why India seems to be uniquely singled out for persisting with doing business with Moscow while other importing Russian energy like China does not seem to incur as much backlash.
New Trump Tariffs on Indian Imports Set to Begin in 21 Days
The newest tariff, to be imposed 21 days after signing, will double the amount of duty on Indian imports to 50%.
Trump Slaps Extra 25% Tariffs on Indian Goods Amid Trade Tensions
As reported by the White House, this new move is intended to support previous sanctions imposed on Russia for its offensive military actions in Ukraine. The move follows a previous statement made by the President last week about imposing new tariffs on Indian products.
RBI Maintains India’s FY 2025-26 GDP Growth Projection at 6.5%
RBI Governor Sanjay Malhotra pointed out that the domestic economy remains to be strengthened by strengthening macroeconomic conditions.
RBI Holds Repo Rate Steady at 5.5%, Maintains Neutral Policy Stance
Malhotra said the decision was after a thorough consideration of the current economic conditions, especially the interrelationship between inflation trends and growth in the economy.
Watch| How the US Nudged India to Purchase Russian Oil to Help Stabilise Global Energy Markets
Back in November 2022, US Treasury Secretary Janet Yellen had clearly stated that Washington had no issue with India buying Russian oil, even at prices exceeding the G7-imposed cap — as long as Western insurance, finance, and shipping services bound by the cap were avoided.
Karti Chidambaram Supports India’s Strong Response to Trump’s Tariff Decision
Congress MP Karti Chidambaram, who is the Sivaganga representative from Tamil Nadu, was one of the first to advocate for the Centre's position.
Brazil Plans WTO Challenge Against US Tariffs, Considers Relief Measures
It comes after a move by US President Donald Trump to impose a 50% tariff on some Brazilian exports — coffee, beef, and petrochemical goods — scheduled to take effect on Wednesday.
Indian Services Sector Stays Robust in July on Rising Orders and Global Sales: HSBC PMI
The HSBC India Services PMI Business Activity Index posted at 60.5 in July, slightly higher than 60.4 in June.
Top 1% of Indians own 60% of wealth in real estate and gold: Report
This elite group comprises Ultra High Net Worth Individuals (UHNIs), High Net Worth Individuals (HNIs), and the rich class. Earning just 1 percent of Indian households, they together possess nearly 60 percent of India's total assets, as per US-based wealth advisory firm Bernstein.
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