India to Delay Washington Meet As US Policy ShiftsÂ
India and the United States decided to postpone their chief negotiators’ meeting, scheduled for this week in Washington on the Interim trade deal, due to policy changes. Both nations agreed to delay the meeting and will plan it again on ‘mutually convenient’ dates after assessing the new developments. The Indian delegation, led by Chief Negotiator…
Shipra Prajapati
Trump Cuts Tariffs to 18%, Bringing Relief to India
Donald Trump on Monday announced a trade deal with India to reduce tariffs to 18% from 50%, in exchange for halting Russian crude oil purchases and easing trade restrictions. This significant move to ease tariffs has sparked a rally across Asian countries’ markets. Even though the details of the deal are not yet clear, sentiment…
Sumit
Trump to Make Trade Deal in India to Reduce Tariffs
President Donald Trump announced on Monday that the US was close to reaching a deal with India that would lead to the expansion of economic and security ties between Washington and New Delhi, promoting US energy exports and boosting investments in primary sectors. During the ceremony for his representative, Sergio Gor, as the new ambassador…
Abdullah Ansari
India Turns to Europe to Reduce Impact of US Tariffs
Indian textile exporters are seeking buyers in Europe and offering discounts to existing customers as they implement corrective measures, anticipating that tariffs will reach 50%. President Trump doubled the tariff in August, which is the highest for any trading partner and affects goods and manufactures ranging from garments to jewellery. A Mumbai-based textile exporter said…
US Probes Waaree Energies for Evasion of Solar Tariff
On Thursday, U.S. customs officials announced that they were investigating whether India’s company, Waaree Energy, was using Chinese-made cells and panels, labeling them as Indian, despite the U.S. tariff. US Customs and Border Protection revealed the investigation in a memo to lawyers for Waaree and the American Alliance for Solar Manufacturing Trade Committee. This committee…
Rupee Falls Most In Over A Year Amid Election Outcome
The Indian rupee fell on Tuesday, 4 June 2024, after vote counting showed that the Bharatiya Janata Party-led alliance would win a narrower majority than expected. It depreciated 26 paise and came down to 83.40 against the dollar. The Indian currency settled at 83.14 against the dollar on Monday, 3 June 2024. This depreciation greatly…
Vipin
Indonesia’s Economy Expected To Surpass Russia’s By 2026
The landscape of the global economy is changing every so often. Recently India surpassed the UK to become the 5th largest Nominal economy in the world. Now, according to the data from the IMF (International Monetary Fund) Indonesia is all set to surpass Russia to become the 6th largest economy in terms of PPP (Purchase…
Indonesia Can Bridge The East-West Gap, Says Businessman
One of the most prominent businessmen in Indonesia has said that Indonesia has the potential of being the bridge between the eastern axis and the western axis. Anindya Bakrie also noted that China has been investing a lot of money in Indonesia for a long time now but the South Asian country is trying to…
US-India Alliance: Boosting Energy Transition Investments
US Treasury Secretary Janet Yellen announced that the United States and India have joined forces to establish an investment platform with the goal of reducing capital costs and stimulating private investment for India’s energy transition. This collaboration was confirmed after a meeting between Yellen and India’s Finance Minister Nirmala Sitharaman held on the sidelines of…
Yash Sharma
Rupee Opens 11 Paise Higher at 81.93 on Weak Dollar PostÂ
The Indian rupee kicked off the trading day positively, strengthening by 11 paise against the US dollar. This upward trend in the local currency occurred despite the relatively hawkish stance expressed by Federal Reserve Chair, Jerome Powell during his testimony to US lawmakers. The rupee commenced trading at 81.93 against the dollar, surpassing the previous…
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