TOI correspondent from Washington: Irked by India’s dogged refusal to conclude a trade deal on his terms, US President Donald Trump on Wednesday taunted New Delhi by weaponising an oil exploration deal with Pakistan, jibing that Islamabad may be selling oil to India someday. At the same time, frustrated by his inability to force Moscow…
Exactly which ‘massive oil reserves’ Trump is referring to is yet unclear. (AI image) US President Donald Trump wants to develop ‘massive oil reserves’ with Pakistan, and has even said that India may end up being a potential buyer of this oil. Soon after announcing 25% tariffs on India, Trump revealed a trade deal with…
President Donald Trump lashed out at Federal Reserve Chairman Jerome Powell on Thursday, accusing him of being “too stupid” and “too political” for the job after the central bank opted to keep interest rates unchanged for the fifth consecutive meeting.“Jerome “Too Late” Powell has done it again!!! He is TOO LATE, and actually, TOO ANGRY,…
The Union Cabinet approved a Central Sector Scheme for providing Rs 2,000 crore in grant-in-aid to the National Cooperative Development Corporation (NCDC) over four years, with the aim of boosting cooperative activity across key rural sectors.According to the government release, the outlay — Rs 500 crore annually from FY26 to FY29 — will enable NCDC…
AI-generated image The imposition of a 25 per cent US tariff on Indian goods from August 1, along with an unspecified penalty over India’s continued trade with Russia, could weigh on India’s GDP growth and export prospects, experts have warned. Sectors such as pharmaceuticals, gems and jewellery, textiles, and automobiles are likely to be most…
The Union Cabinet has approved a total outlay of Rs 6,520 crore — including an additional Rs 1,920 crore — for the Central Sector Scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) during the ongoing 15th Finance Commission cycle (2021–22 to 2025–26), the government said in an official release said.The allocation includes Rs 1,000 crore to…
The United States has imposed a substantial 50 per cent tariff on semi-finished copper and copper-based imports from August 1, with reportedly limited consequences for India’s American exports in this sector.According to a July 30 White House executive order, copper imports into the United States are at levels that could compromise US national security. “All…
Foreign ministers of the Quad nations (Australia, India, Japan, and the United States) met in Washington and announced a comprehensive plan to address China’s growing influence in the Indo-Pacific region, according to The Japan Times, quoted by ANI.The group introduced the Quad Critical Minerals Initiative to address China’s control over rare earths and essential materials…
The Indian electronics sector has received a two-week reprieve from the proposed US tariffs, as a key section related to technology products remains under review during ongoing bilateral discussions, according to government and industry officials, quoted by news agency PTI.US President Donald Trump, on Wednesday, announced a 25 per cent tariff on Indian imports effective…
RAKBANK’s mobile app now lets customers trade major cryptocurrencies using UAE dirhams/Image: Instagram TL;DR: RAKBANK is the first traditional UAE bank to enable retail crypto trading via its mobile app. The service is delivered in collaboration with Bitpanda Broker MENA DMCC, a licensed VARA-regulated platform. Customers can buy, sell and swap Bitcoin, Ethereum, Solana, and…