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.
He was the bridge connecting the era of legendary actors like Bachchan and Khanna in the 70s, Govinda and Salman Khan in the 90s, and even later, in films like Malamaal Weekly and Dhamaal.
Institute of Chartered Accountants of India president Charanjot Singh Nanda, a stakeholder in govt's plans to promote home-grown consulting firms, speaks on what is holding back domestic firms.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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