Chief Economic Advisor (CEA) V Anantha Nageswaran has emphasized that India must generate at least eight million jobs annually and significantly enhance the share of manufacturing in its Gross Domestic Product (GDP) over the next decade to realize its aspiration of becoming a developed nation by 2047. Speaking at a recent event, Nageswaran outlined a…
By EpicInfinite News Desk | April 16, 2025 In a dramatic escalation of the U.S.-China trade war, former President Donald Trump, who is once again a major political force ahead of the 2024 elections, has announced sweeping tariffs of up to 245% on select Chinese imports. The decision comes amid renewed concerns over China’s export…
April 11, 2025 — In a significant escalation of trade tensions between the world’s two largest economies, China announced a sharp increase in tariffs on U.S. goods, raising them from 84% to 125%. The move, which will take effect starting April 12, comes as a direct response to the latest round of tariff hikes imposed…
In a significant shift in U.S. trade policy, President Donald Trump announced on April 9, 2025, a 90-day suspension of newly imposed tariffs for most nations, while simultaneously escalating tariffs on Chinese imports to an unprecedented 125%. This decision comes in response to appeals from over 75 countries seeking negotiations and aims to recalibrate America’s…
In recent developments, the global economic landscape has been marked by significant volatility, leading to growing concerns about a potential recession in 2025. The primary catalyst for these apprehensions is the implementation of extensive tariffs by President Donald Trump, which has triggered substantial market reactions and divided opinions among economists and policymakers. Market Reactions to…
In a striking message to the global financial community, BlackRock CEO Larry Fink has raised serious concerns about the future of the US Dollar as the world’s primary reserve currency. In his annual letter to investors, Fink pointed to the surging national debt of the United States as a growing risk that could shake international…
Gold prices have recently soared to unprecedented levels, trading around $3,080 per ounce, driven by geopolitical tensions, economic uncertainties, and inflation concerns. This surge has positioned gold as a preferred safe-haven asset among investors. Contrary to the prevailing bullish sentiment, Jon Mills, an analyst at Morningstar, forecasts a significant decline in gold prices over the…
In a move that has sent shockwaves through global markets, President Donald Trump announced sweeping tariffs, including a 26% levy on Indian imports and a 34% tariff on Chinese goods, aiming to bolster U.S. manufacturing. These measures are part of a broader strategy to correct what Trump describes as a “sick” economy by encouraging domestic…
On March 13, 2025, shares of Mahanagar Telephone Nigam Limited (MTNL) experienced a significant surge, climbing 18.4% in early trading on the Bombay Stock Exchange (BSE) to reach an intraday high of ₹51.30. This sharp uptick followed the company’s announcement of substantial earnings from asset monetization. Asset Monetization Details MTNL reported earnings of ₹2,134.61 crore…
In a significant move aimed at bolstering the financial flexibility of Micro and Small Enterprises (MSEs), the Reserve Bank of India (RBI) has proposed the elimination of foreclosure charges and prepayment penalties on floating rate loans. This initiative is designed to facilitate easier and more affordable financing options for MSEs, thereby promoting their growth and…