India has long depended on imported liquefied natural gas (LNG) to meet part of its electricity demand, even though gas-based power contributes only a small share of the overall mix. This dependence comes at a steep cost, both financially and strategically. In 2024, India imported nearly 37

Finance Minister Nirmala Sitharaman announced that recent GST rate cuts will take effect from 22 September 2025. These cuts are expected to streamline tax slabs and reduce rates across many consumer goods. Economic Impact Projected The government estimates these reforms will inject about ₹2 lakh crore into the Indian economy by increasing cash in the […]

Prime Minister Benjamin Netanyahu has acknowledged that Israel is facing growing economic isolation as its war in Gaza continues. He said the country may need to become more self-reliant amid international criticism and pressure. Causes of the Isolation Netanyahu attributed the isolation partly to recent arms embargoes and sanctions imposed by some European countries. He

For weeks, Washington has been trying to strong-arm New Delhi into abandoning cheap Russian crude and turning instead to American barrels. Sergio Gor, Trump’s nominee for U.S. Ambassador to India, openly declared that India should open its market to U.S. crude, petroleum, and LNG. Commerce Secretary Howard Lutnick went further, threatening India with higher tariffs […]

South Korea has expressed its intent to normalize ties with China and strengthen economic cooperation. A delegation led by former parliament speaker Park Byeong-seug delivered a personal message from President Lee Jae-myung to Chinese Foreign Minister Wang Yi. The letter included an invitation for President Xi Jinping to attend the APEC summit in October. Strategic […]

Russia’s five percent oil discount looks tempting on paper, but the numbers show why it cannot outweigh Donald Trump’s tariff barrage. Russia supplies about 1.5 million barrels per day to India — roughly 35 percent of our crude basket. At Brent levels of 66–70 dollars, the discount works out to 2.7–3.3 dollars per barrel. Multiply […]

Credit rating agency S&P Global has upgraded India’s long-term sovereign rating from BBB- to BBB, marking its first rating boost in 18 years. The outlook remains stable. Why the Upgrade S&P cited India’s strong economic resilience, sustained fiscal consolidation, and improvements in monetary policy credibility. The agency also highlighted infrastructure progress,

When Donald Trump tweeted his outrage over India’s Russian oil imports, it wasn’t just a foreign policy position—it was a tantrum. A full-blown, playground-level meltdown. You’d think the man found out India replaced him with a more stable supplier of spray tan. Instead, all India did was buy oil for its citizens at a reasonable […]

Pakistan and Iran have agreed to significantly expand their bilateral trade, setting a new annual target of USD 8 billion. The decision was reached during Iranian President Masoud Pezeshkian’s official visit to Pakistan, where he met Prime Minister Shehbaz Sharif and top Pakistani officials. Trade Ministers Reach New Understanding Pakistan’s Commerce Minister Jam Kamal

Pakistan and Iran have agreed to significantly expand their bilateral trade, setting a new annual target of USD 8 billion. The decision was reached during Iranian President Masoud Pezeshkian’s official visit to Pakistan, where he met Prime Minister Shehbaz Sharif and top Pakistani officials. Trade Ministers Reach New Understanding Pakistan’s Commerce Minister Jam Kamal