US Senator Lindsay Graham has linked the US trade deal to India lowering crude oil imports from Russia, and hailed Trump’s pressure tactics. (AI image) India-US trade deal: Lindsey Graham, the US Senator, who was propagating a bill that would impose 500% tariffs on countries buying Russian crude oil has said that India has ‘earned’ … Read more
Finance ministry secretary V Vualnam (File photo) Expenditure secretary V Vualnam says fiscal prudence was a clear priority for govt and within the constraints of the Budget, it has rolled out support for critical sectors. Excerpts:Can you help us understand the overall strategy behind the spending plan? How much flexibility on raising capex does govt … Read more
NEW DELHI: Passenger vehicle makers began 2026 on a strong note, with Jan sales data pointing to a broad-based momentum across the industry, aided by steady demand in smaller towns and cities, and sustained consumer sentiment after GST cuts.Market leader Maruti Suzuki posted passenger vehicle sales of 2.2 lakh units in Jan 2026, up from … Read more
NEW DELHI: The Centre spent 5% of the funds allocated under the flagship package for employment and skilling in FY 2025-26, raising concerns over the incentive structure, targeting and implementation of the programme.The special package announced by the finance minister Nirmala Sitharaman in budget 2024-25 consisted of the internship scheme, upgradation of 1,000 govt run … Read more
NEW DELHI: While details are still trickling in, the announcement of the India-US trade deal couldn’t have come at a more opportune time. Having just dispatched containers for the summer season, garment and leather and footwear makers were worried about orders for the next season.The smaller players had virtually stopped shipments over the last few … Read more
India-US trade deal (AI image) India-US trade deal: Even as US President Donald Trump has announced an immediate reduction in tariff rate on India to 18%, think tank Global Trade Research Initiative (GTRI) has struck a cautious note on what the deal could mean for India.In a note post post Trump and PM Narendra Modi’s … Read more
India and the US have announced a trade deal, with the Trump administration lowering the tariffs on Indian exports to 18%. (AI image for representative purpose) US President Donald Trump has reportedly agreed to remove the 25% tariff America imposed on India for its crude oil imports from Russia. A New Delhi–based source quoted in … Read more
Commerce Secretary Rajesh Agrawal (Photo-PTI) The Budget FY27 proposal to allow Special Economic Zone (SEZ) units to sell goods in the domestic market at concessional duty rates is expected to boost import substitution and generate employment, Commerce Secretary Rajesh Agrawal said, adding that detailed operational guidelines will be rolled out in the next two to … Read more
The Finance Ministry is considering raising the foreign direct investment (FDI) limit in public sector banks (PSBs) to 49 per cent from the current 20 per cent to strengthen their capital base, PTI reported.“We are still considering, and inter-ministerial consultation is on for raising FDI cap to 49 per cent,” Financial Services Secretary M Nagaraju … Read more
Global investors pulled out more than $3 billion in January, following withdrawals of over $18 billion in 2025. (AI image) Finance Minister Nirmala Sitharaman’s Union Budget 2026 has sought to enhance stability in India’s stock market by increasing the investment limits for NRIs. The government is seeking to draw more money from NRIs in the … Read more