Prime Minister Narendra Modi, in his address to the nation on India’s 79th Independence Day, delivered a message that was both urgent and forward-looking. Against the backdrop of growing trade tensions with the United States, he called for sweeping reforms and a renewed focus on self-reliance. “Dependence on other countries is a recipe for disaster,”…
RBI Repo Rate Unchanged: The Reserve Bank of India on Wednesday kept the benchmark repo rate unchanged at 5.5 per cent, as the Monetary Policy Committee struck a balanced tone between softening inflation and resilient economic growth. The decision unanimously backed by all six MPC members was widely expected, though the central bank’s lowered inflation forecast…
India’s foreign exchange reserves increased by $2.703 billion to $698.192 billion for the week ended July 25, according to data released by the Reserve Bank of India (RBI) on Friday, August 1. In the prior week, the reserves had seen a decline of $1.183 billion, falling to $695.489 billion. Breaking down the latest figures: Foreign…
In a strongly worded public statement, Shri H.D. Deve Gowda, Former Prime Minister of India and a sitting Member of Parliament in the Rajya Sabha, criticised U.S. President Donald Trump for making what he termed as “baseless and ill-tempered remarks” on India and its economy. “Even a small trader and a poor farmer in India,…
The US Federal Reserve has kept its benchmark policy rate unchanged at 4.25–4.50 per cent, flagging continued uncertainty from President Donald Trump’s tariff-led trade policies. The Fed maintained its “wait-and-watch” stance, warning that inflation could rise and growth may soften as the impact of tariffs filters into the economy. The central bank now forecasts GDP…
India’s economy is growing steadily at an annual rate of 6.5 per cent and is on track to become an $8 trillion economy in the coming years, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Wednesday. In an interview with IANS, the minister said, “India has already grown from a $2…