To curb impact of the levies, PM Narendra Modi has rolled out consumption tax cuts. Both US and India are also looking at resuming negotiations to address the trade barriers.
The flip-flops on Trump’s tariff policy have led to a wave of dollar-selling. Stronger Asian currencies & weaker dollar will help address US’ trade imbalances with Asia.
March has been a good month for equity & currency, backed by FPI inflows & weak dollar. Going forward, tariffs, Chinese markets, oil prices & corporate earnings may have a role to play.
BRICS has been pushing for greater trade in local currencies, especially since Russia-Ukraine war began in 2022. ‘No chance BRICS will replace US dollar in international trade,’ Trump says.
The rupee has been depreciating lately due to FPI outflows, dollar strength & weak corporate performance. The slide, however, is less steep compared to other emerging markets.
India must offer the rest of the world sizable amounts of safe, readily available, and convertible assets that could be used as collateral in financial markets.
Fitch downgraded US government’s credit rating. And while markets across the world, including India, slumped in response, volatility will likely be driven by other factors.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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