National
Prime Minister Narendra Modi called on citizens and traders to prioritize buying and selling only Indian-made goods. He urged shopkeepers to put up signs declaring their businesses as “Swadeshi only,” linking the campaign to national pride and self-reliance. Protecting Domestic Interests Modi framed the appeal as part of India’s economic patriotism. He said global
National
India has strongly rejected U.S. tariffs linked to its Russian oil imports. Indian ambassador to Russia, Vinay Kumar, called the measures “unfair, unreasonable and unjustified,” stressing that New Delhi will protect its sovereign right to decide energy strategy. Oil Purchases on Market Terms Kumar clarified that Indian firms will continue buying oil “from
International
On August 22, 2025, Canadian Prime Minister Mark Carney confirmed that Canada will remove most of its retaliatory tariffs on U.S. goods. The rollback will take effect from September 1 and is aimed at reducing tensions with Washington after months of trade friction. Focus on USMCA-Compliant Items The tariff removal applies to U.S. goods covered […]
Expert Opinions Opinion
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 […]