A FORTNIGHTLY NEWSLETTER 16th to 31st July, 2025
A FORTNIGHTLY NEWSLETTER 01st to 15th July, 2025
RBI caps investment by a bank in AIF scheme at 10 per cent
The Reserve Bank on Tuesday capped contributions by a single regulated entity (RE), including banks and NBFCs, at 10 per cent of the corpus of an Alternative Investment Fund (AIF) scheme. Also, collective contribution by all REs in any AIF Scheme should not be more than 20 per cent of the corpus of that scheme,…
Industry ‘disappointed’ as US Imposes 25% tariff on Indian goods
Industry and economists have expressed concerns over the US government’s decision to levy a 25% tariff along with a “penalty” on Indian exports, starting August 1. In a statement issued on Wednesday, FICCI said that it’s “disappointed” by the US’ decision. “While this move is unfortunate and will have a clear bearing on our exports,…
$220 million worth of deals under scanner: After 25% tariffs, US sanctions 6 Indian firms; move taken over oil trade with Iran
The US State Department, on Wednesday, unveiled the sanctions against 6 India-based companies, claiming these firms deliberately participated in “significant transactions” involving the acquisition and sale of Iranian petroleum products, breaching American restrictions on Iran. Among the sanctioned Indian enterprises are prominent petrochemical traders. The heaviest accusations fell on Alchemical Solutions Private Limited, which allegedly…
Some relief for Nayara Energy! Microsoft restores IT services to Russia-backed Indian oil refinery; US company abruptly halted operations after EU sanctions
EU sanctions on Russia: Global IT giant Microsoft has restored IT services to Russia-backed Indian oil refinery Nayara Energy, according to a Reuters report. Nayara had sued Microsoft for abrupt suspension of services following European Union’s fresh sanctions on Russia. Read More…
US goods trade deficit hits nearly two-year low as imports tumble
The US trade deficit in goods narrowed to the lowest level in nearly two years in June as imports fell sharply, cementing economists’ expectations that trade likely accounted for much of an anticipated rebound in economic growth in the second quarter. While the unexpected contraction reported by the Commerce Department on Tuesday could prompt economists…
Value of India’s crude imports from Russia surges significantly at a CAGR of 96% during FY20-FY25: Report
India’s oil and gas sector is undergoing a strategic transformation amid a fast-changing global landscape marked by shifting alliances, sanctions, and rising geopolitical uncertainty, according to the recent Rubix Industry Insights report. Read More…
RBI bets on gold! Reserve Bank of India buys half a tonne of gold in June; yellow metal fastest growing component of India’s forex reserves
RBI gold reserves: After a relatively conservative spell of gold buying, the Reserve Bank of India (RBI) stacked up almost half a tonne of gold in the last week of June. In India’s foreign exchange reserves, gold has shown the most substantial growth in recent years, with its value increasing by more than 80% over…
India-US trade deal: Commerce Ministry advised against accepting ‘unilaterally framed obligation’ on digital taxes
Legal advisers to the Commerce and Industry Ministry have suggested that Indian negotiators dealing with their US counterparts should not accept Washington’s proposal that prohibits India from reintroducing equalisation levy-style taxes, such as the ‘Google tax’, in the future, a person aware of the negotiations told The Indian Express. Read More…
Bridging the Skills Gap: A National Imperative
Bridging the Skills Gap: A National Imperative When I was in conversation with someone about the current rate of unemployment in our country and the difficulties our youth are facing to secure a job. There was always digression / disagreement on a few things, but finally some clarity emerged about Education and skill gap that…