Economy National
Reserve Bank of India Governor Sanjay Malhotra has downplayed fears over newly imposed U.S. tariffs, saying they are “not a matter of huge concern.” He asserted that India’s economy, driven largely by domestic factors, is well positioned to absorb external shocks. Strong fundamentals underpin confidence Speaking at the IMF-World Bank meetings in Washington, Malhotra said
International
Russia rejected U.S. President Donald Trump’s warning that its economy was close to collapse, calling his assertions unfounded. Trump’s claim of fuel shortages During a Washington speech, Trump had said Russia was suffering from “long lines waiting for gasoline” and predicted its economy would collapse. In response, Deputy Prime Minister Alexander Novak said that domestic
National
India is holding detailed trade discussions with the United States, with officials stressing the goal of finding a “win-win situation” for both countries. The talks come in the backdrop of heightened tensions caused by recent tariff measures imposed by Washington on Indian goods. Tariff-Free Exports Highlight Despite the frictions, around 45% of Indian exports to […]
International
The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement to unlock $1.2 billion in funding. The package includes $1 billion under the Extended Fund Facility (EFF) and $200 million under the Resilience and Sustainability Facility (RSF). Final disbursement depends on approval by the IMF Executive Board. Economic Signals and Commitments The IMF
International
The U.S. State Department has revoked the visas of six foreign nationals after they allegedly celebrated the assassination of Charlie Kirk on social media. The individuals are from Argentina, Brazil, Germany, Mexico, Paraguay, and South Africa. Reasoning and Enforcement Officials said the posts included comments such as Kirk “deserved to burn in hell” and other […]