Economy National

India to Be Third-Largest Economy, Says Piyush Goyal

By BPN News Desk July 31, 2025

Commerce Minister Piyush Goyal firmly dismissed U.S. President Donald Trump’s recent remark labeling India a “dead economy.” Speaking in Parliament, Goyal asserted that India has moved from being among the “Fragile Five” economies to becoming the world’s fastest-growing major economy. He added that India, currently ranked fifth, is on track to become the

National

Tharoor Warns US Tariffs Could ‘Destroy’ India‑US Trade

By BPN News Desk July 31, 2025

Senior Congress MP Shashi Tharoor called the U.S. decision to impose a 25% tariff plus a penalty on transactions involving Russian oil or arms a “very serious matter” for India. He warned that the effective trade duty could climb as high as 35–45%, or, if a 100% penalty is applied, it could virtually destroy India’s […]

Business Trade

India’s Rice Exports Expected to Withstand US Tariff

By BPN News Desk July 31, 2025

The Indian Rice Exporters Federation (IREF) has stated that the recently announced 25% U.S. tariff on Indian rice imports, effective August 1, is unlikely to cause major disruption. The industry considers it a short-term hurdle and expects exports to remain largely stable due to India’s pricing advantage and established global position. U.S. Not a Major […]

International

Trump Labels India and Russia “Dead Economies”

By BPN News Desk July 31, 2025

U.S. President Donald Trump, in a social media post on July 31, called India and Russia “dead economies,” intensifying tensions following his announcement of new tariffs on Indian imports. Trump wrote, “I don’t care what India does with Russia. They can take their dead economies down together, for all I care.” Accuses India of Unfair […]

Cricket Sports

India to Play Pakistan in Asia Cup Despite Backlash

By BPN News Desk July 31, 2025

The BCCI has officially confirmed that India will play Pakistan in the upcoming Asia Cup 2025, with the match scheduled for September 14 in the UAE. The announcement came after growing demands from various public figures and citizens to boycott the fixture in light of the recent terror attack in Pahalgam and the ongoing Operation […]

International

US Sanctions Six Indian Firms Over Iran Oil Trade

By BPN News Desk July 31, 2025

The United States has imposed sanctions on six Indian companies for allegedly engaging in the trade of Iranian oil and petrochemical products. The move, announced on July 31, is part of Washington’s broader strategy to enforce sanctions on Iran’s energy exports. $220 Million in Transactions Identified According to U.S. authorities, the firms were involved in […]

Business Markets

Markets Slump as Trump Slaps 25% Tariff on India

By BPN News Desk July 30, 2025

Indian stock markets declined after U.S. President Donald Trump announced a 25% tariff on imports from India starting August 1. The new trade measure, coupled with a penalty for India’s continued energy and defense ties with Russia, has triggered investor caution across sectors. Sensex and Nifty See Mixed Movement On July 29, the Sensex dropped […]

Business Trade

Trump Slaps 25% Tariff and Penalty Tax on India

By BPN News Desk July 30, 2025

President Donald Trump announced on July 30 that the United States will implement a 25% tariff on all goods imported from India starting August 1. Alongside the tariff, a penalty tax will also be imposed due to India’s continued defense and energy trade with Russia. India’s Russia Ties Cited as Key Factor Trump stated that […]

Cricket Sports

Bumrah Likely to Miss Oval Test, Akash Deep In

By BPN News Desk July 30, 2025

India’s premier fast bowler Jasprit Bumrah is expected to miss the series-deciding fifth Test against England at The Oval, starting July 31. Team management has taken this decision as part of a pre-agreed workload management plan to preserve Bumrah’s fitness for future tours. He had been slated to play only three of the five Tests […]

International

Trump Hints at India Tariffs, Claims Credit for India‑Pak Truce

By BPN News Desk July 30, 2025

U.S. President Donald Trump on July 29 hinted at the possibility of imposing 20–25% tariffs on Indian goods if a trade deal between the two nations is not finalized soon. Speaking at a campaign event, Trump stated that India has historically maintained high tariffs and indicated that the U.S. would not hesitate to respond if […]