Indian Tea Industry has been witnessing a steady growth in the quantum of tea imported to India. While in 2019 15.80 million kgs of tea where imported and in 2023 the imported tea stood at 23.65million kgs. TAI stated that the actual export of Tea of Kenya to India in 2024 (as published by Tea…
The India-US trade imbroglio continues. While all eyes are on August 7, the new date from which the 25% Trump tariff will be applicable, SBI Reseach has come out with a bold statement. They have said that this current salvo of tariffs plus penalty from US President, Donald Trump is a “bad business decision.” Moreover,…
The Reserve Bank of India (RBI) is widely expected to keep policy rates unchanged this week, showed an ET poll of economists, as monetary experts assess the economic fallout of the punitive 25% US tariffs and await clarity on the contours of a trade deal between New Delhi and Washington Read More…
The recently signed India-UK Comprehensive Economic and Trade Agreement (CETA) represents a significant win for India, showcasing its strategic negotiation. The deal offers the UK a crucial post-Brexit trade success, contrasting with its complex US relationship, and introduces a groundbreaking gender equality clause, reflecting India’s evolving, holistic approach to trade. Read More…
Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of petrol and diesel after Western sanctions on Russia’s oil and energy sector, according to a senior industry official, reported Economic Times. Read More…
China’s government this week announced a childcare subsidy of 3,600 yuan (about $500 or Rs 44,000) per year for every child under the age of three. The People’s Daily, the Chinese Communist Party’s newspaper, described it as a way of “supporting fertility and to promote the building of a fertility-friendly society”. Read More…
India has dramatically ramped up its crude oil imports from the United States since President Donald Trump began his second term, news agency ANI reported on August 3 citing sources familiar with the trade data. Read More…
Ricky Gill, who is the Special Assistant to the U.S. President for National Security Affairs and the U.S. National Security Council’s Senior Director for South and Central Asia, has been invited by India’s National Security Council Secretariat (NSCS) to discuss the future of the long-delayed India-Middle East-Europe Economic Corridor (IMEC) on August 5 and 6.…
Hours after US President Donald Trump claimed that he had heard that India is no longer going to buy oil from Russia, government sources said oil refiners continue to purchase crude from Russian suppliers. “Indian oil refiners continue to source oil from Russian suppliers. Their supply decisions are guided by price, grade of crude, inventories,…
U.S. jobs report for July 2025 delivered a sobering reality check for the American economy. According to the latest data from the Bureau of Labor Statistics (BLS), only 73,000 jobs were added in July, marking the slowest monthly gain in over two years. This sharp decline in job creation has triggered widespread concern among economists,…