The Indian rupee declined to its lifetime low on Thursday as a dip in Asian peers added to the prevailing bearish outlook on the currency a day before a crucial monetary policy decision. Uncertainty about U.S. trade tariffs and persistent portfolio outflows have hurt the rupee over the last two months and made it the […]
Read MoreThe Indian rupee fell to a record low on Monday after U.S. President Donald Trump slapped tariffs on imports from the country’s three biggest trade partners, stoking fears of a trade war that rattled global financial markets. The rupee declined to 87.28 per U.S. dollar before closing at 87.1850, down by nearly 0.7%, its biggest […]
Read MoreIndia is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, a senior government official told Reuters on Sunday. The review, which follows crypto-friendly policy announcements by U.S. President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September […]
Read MoreIndia has increased its defense budget by 9.5% to $78 billion for 2025. The latest budget of the government led by Prime Minister Narendra Modi has increased defense spending to 8% of the country’s total GDP, establishing India as the fourth largest defense spender globally after the United States, Russia and China. According to analysts, […]
Read MoreIndia’s annual budget announcement was a bigger deal than usual this year: As the first full budget of Prime Minister Narendra Modi’s third term, it will set the tone for how the world’s fifth-largest economy confronts slowing growth and sagging markets. But the year’s top economic policy event opted mainly for short-term economic relief through […]
Read MoreThis time India has announced a major income tax cut. The budget was presented for the eighth time in the country on Saturday. According to the new tax structure, the tax-free income limit has been increased to Rs 12 lakh. NDTV. Indian Finance Minister Nirmala Sitharaman has said that no income tax will be paid […]
Read MoreNew Delhi hopes that all existing agreements reached between India and Bangladesh on the border based on mutual consent will be respected. Indian Foreign Ministry Spokesperson Randhir Jaiswal said this in a regular briefing on Friday. The Indian Foreign Ministry Spokesperson highlighted the country’s position ahead of the Director General-level conference of Border Guard Bangladesh […]
Read MoreIndia is concerned recent trade pacts signed by the Maldives will likely hurt the archipelago’s cash-strapped economy, the Indian foreign ministry said on Friday, in a reference to agreements between the Maldives and China, as well as Turkey. China and India both vie for influence in the strategically located Indian Ocean nation, whose $7.8 billion […]
Read MoreIndia is set to see above-average temperatures in February after a warmer than normal January, the weather office said on Friday, posing a risk to key winter-sown crops such as wheat, rapeseed and chickpeas. Maximum and minimum temperatures in most parts of the country will be above-average in the month, Mrutyunjay Mohapatra, director-general of the […]
Read MoreIndian Prime Minister Narendra Modi may seek to shore up faltering economic growth, placate a middle class squeezed by high prices and low wage growth, and prepare for an uncertain year of global trade in the nation’s budget this week. Finance Minister Nirmala Sitharaman will present the budget for the next fiscal year on Feb. […]
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