International
U.S. Treasury Secretary Scott Bessent said that 85 senators are ready to grant President Donald Trump the authority to impose a 500 % tariff on Chinese imports if Beijing continues buying Russian oil. Reason for the threat Bessent accused China of indirectly funding Russia’s war in Ukraine through its energy purchases. He said such purchases […]
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
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 […]