New Delhi, August,2025— In a decisive move to reinforce India’s ambitions of internationalising its currency, the Reserve Bank of India (RBI) has eliminated the need for prior approval when banks open Special Rupee Vostro Accounts (SRVAs) for foreign correspondent banks. This shift is poised to significantly enhance rupee-denominated global trade, especially amid renewed tariff threats…
New Delhi, August, 2025 — In a powerful rebuttal to Washington’s latest move, India has strongly asserted its right to import affordable Russian oil, even as the United States imposed a steep 50% tariff on crude oil imports from Russia. The Indian government has called the US decision “unilateral, coercive, and against the principles of…
Amid ongoing geopolitical tensions, India has firmly reiterated its position on continuing oil imports from Russia, despite increasing pressure from the United States to curtail such purchases. The situation has brought to light a critical energy diplomacy standoff between the world’s largest democracy and its strategic Western partner. Over the past few months, the US…
In a move set to escalate trade tensions, US President Donald Trump announced that beginning August 1, a 25% tariff will be imposed on Indian exports to the United States. Additionally, Trump signaled the possibility of extra penalties over India’s continued purchase of Russian energy and military equipment, further straining bilateral relations between the two…
The Indian rupee fell sharply below the psychological 87 mark against the US dollar on Wednesday, reaching its lowest level in over four months, amid growing concerns over the delayed India-US trade deal, a spike in global crude oil prices, and sustained foreign fund outflows. The domestic currency depreciated to 87.03/USD during intraday trading, marking…
New Delhi, July, 2025 — The Government of India has granted a significant tax exemption to the New Okhla Industrial Development Authority (NOIDA) under Section 10(46) of the Income Tax Act, officially making certain incomes of the Authority tax-free. This move is aimed at boosting the city’s infrastructure and public welfare initiatives by allowing NOIDA…
In a major boost to India’s economic narrative, the Goods and Services Tax (GST) collection for the financial year 2024–25 has hit an all-time high of ₹22.08 lakh crore, reflecting a robust year-on-year growth of 9.4%, according to a government press release issued on 30 June 2025. The average monthly GST collection stood at ₹1.84…
Southern India is grappling with a serious demographic challenge that threatens to reshape its social, economic, and political landscape. States such as Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana are witnessing fertility rates falling well below the replacement level of 2.1 children per woman. This sharp decline is leading to slower population growth, a…
India has surpassed Japan to become the world’s fourth-largest economy, according to the latest data from the International Monetary Fund (IMF) and confirmation from the Indian government’s policy think tank, NITI Aayog. This significant milestone reflects India’s growing economic strength, even as analysts caution against reading too much into the narrow margin. The IMF’s World…
As of May 2025, the Indian stock market presents a complex landscape shaped by geopolitical tensions, economic challenges, and evolving investor sentiments. Here’s an in-depth analysis of the current situation and projections for the remainder of the year. Current Market Dynamics Geopolitical Tensions with Pakistan Recent military escalations between India and Pakistan, including cross-border strikes…