In the August policy, the RBI’s six-member MPC unanimously voted to leave the policy repo rate unchanged at 5.5 per cent and maintain the policy stance as ‘neutral’.
The decisions taken now will determine whether this triple jolt sets off a chain reaction of sustainable growth — or just momentary shifts in the clouds.
The government said that the elimination of import duty on cotton as well as Agriculture Infrastructure and Development Cess (AIDC) “is necessary in the public interest” and that notification will come “into force with effect from August 19, and shall remain in force up to and inclusive of September 30”.
According to sources, the Department of Revenue has kept in mind the country’s “social ethos” while tagging goods and services in the “sin and demerit” category, and online gaming is seen to be fitting that definition.
“India remains among the best performing economies in the world. It staged a remarkable comeback from the pandemic with real GDP growth over fiscal 2022 to fiscal 2024 averaging 8.8 per cent, the highest in Asia-Pacific,” said S&P Global Ratings.
Subbarao cautions against reputational risks from Trump’s rhetoric, rising global risk premia, cost of borrowing and the mounting pressure on India’s export-driven sectors.
At 1.55%, India’s CPI inflation in July has fallen below the lower-bound of the RBI’s 2-6% flexible inflation target range for the first time since January 2019.
The US has adopted a carrot and stick approach, according to Trade Representative Jamieson Greer, with non-compliance by trade partners to result in higher tariffs, or the stick. The carrot, meanwhile, is just the chance to sell your goods in the world’s biggest market.
According to UBS’ Chief India Economist Tanvee Gupta Jain, India may not lose much if it shifts away from cheaper Russian oil as the annual savings right now is only $2 billion
A more serious concern will be the sector-specific implications, especially the impact for the low-income households in labour-intensive sectors like machinery, mechanical appliance, gems and jewellery.
The gender imbalance with the ratio of male to female interns of 72:28 was one of the key concerns flagged by Parliament’s Standing Committee on Finance to the government, as per a report of the Committee tabled in Lok Sabha on Monday.
Trump's aggressive stance against India in his social media posts has also exposed an inconsistency in America’s stance and policy actions considering India and America have engaged together on several crucial initiatives
Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits
Earlier, in June, Larsen & Toubro (L&T) chairman S N Subrahmanyan had said the group’s construction business is facing a shortage of 25,000-30,000 labourers
Responding to a question in the Rajya Sabha on Tuesday, Minister of State for Finance Pankaj Chaudhary said the gross bad loan ratio of public sector banks’ MSME loans had fallen to 6.18% as at the end of March 2025
According to a parliamentary report released last year, the EU is concerned about China’s dominance in critical technologies, as China holds a leading global manufacturing position in several areas
India had earlier put restrictions on investments from China through Press Note 3 in April 2020 to curb potential opportunistic takeovers of Indian companies during the Covid-19 pandemic
Ram Charan’s Peddi defies the odds to blast past Rs 400 crore globally in just 14 days
Entertainment55 min ago
Ram Charan's sports drama Peddi, directed by Buchi Babu Sana, has become a massive success, earning over Rs 400 crore worldwide in just 14 days. It has broken records for the actor, becoming his highest grossing solo film and the second to cross Rs 200 crore domestically. Despite controversy, Peddi has been a significant milestone in Ram Charan's career.
