Scrapping ‘outdated and anomalous’ tax will trigger lower borrowing costs, ensure stronger rupee and healthier forex position, and boost economic growth because of lower capital cost.
In a rare joint statement, central bank chiefs including those at the ECB, Bank of England and Bank of Canada said preserving central bank independence is vital for economic stability.
A depreciating dollar and abundant liquidity provide an opportunity to explore the rupee’s potential regional role. This represents a significant step toward monetary autonomy.
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.
US & Indian policy rates have seen similar trajectory. With Fed’s rate cuts, difference between interest rates in India & US may widen, leading to foreign capital inflow & stronger Rupee.
SVB collapse was a circle of deposit withdrawals leading to fears of a bank run, which then resulted in a bank run. The US regulators have, however, stepped in quickly.
Indian industries like apparel and gems and jewellery — whose top export destination is the US — set to take a hit due to global downturn. All eyes on US Fed's meeting Wednesday.
Throughout history, many medicines originated from traditional knowledge. Aspirin traces its origins to willow bark. Artemisinin emerged from traditional Chinese medicine.
Combined sales of urea, DAP, MOP and complex fertilisers rose 25 percent in April even as Modi asked farmers to cut chemical fertiliser use by up to half to save soil and foreign exchange
Recruitment of Nepali Gorkhas into Indian Army is on hold since 2022 with Nepal viewing four-yr tenure of Agnipath scheme, among others, as inconsistent with historical frameworks.
The young people broke the self-imposed silence among the elite not to speak a word critical of the Modi government, except to whisper on the sidelines, looking left, right and behind.
COMMENTS