Topics Archive

Japan’s legal proceedings against India in WTO

India and Japan have a close economic and strategic partnership, with India being the largest recipient of Japanese aid. Japan recently made a formal complaint to the World Trade Organisation (WTO)…

Maruti Suzuki’s electric drive

Maruti Suzuki has announced that it will cease all production of diesel cars by 2020. Why has the company abandoned diesel engines? Maruti Suzuki is an Indian automobile manufacturer, a subsidiary of…

Reliance circumvents US sanctions

Reliance’s circumvention of US sanctions meets legal requirements and is likely geared towards a weaning period in light of further sanctions against Venezuela. The Bolivarian Republic of Venezuela…

New Afghan-India trade route

Afghanistan began exports to India through Chabahar port in Iran as the landlocked, war-torn nation turns to overseas markets to improve its economy. Chabahar Port is a seaport in Chabahar located in…

Indian citizenship amendment bill dropped

Indian government has put aside a controversial amendment to its citizenship law after violent protests in its north eastern states. The Citizenship (Amendment) Bill, 2016 aims to provide citizenship…

RBI cuts interest rate

The Reserve Bank of India cut its benchmark interest rate by 25 basis points, a move likely to please Prime Minister Narendra Modi as he makes a final push for faster economic growth ahead of…

Budget sops before Elections

The Narendra Modi-led government unveiled a budget tailored for an election year with tax breaks, relief for small business and unorganised sectors and a promise to build the infrastructure for a $10…

India’s unemployment rate highest in 45 years

An official survey that has been withheld by the government shows India’s unemployment rate rose to a 45-year high during 2017-2018, delivering a blow to Prime Minister Narendra Modi just months…

BJP’s new election push

Prime Minister Narendra Modi’s ruling party is in favour of an expansionary economic policy and does not consider the government’s plan to keep the fiscal deficit to 3.3 percent of GDP. The previous…

India cuts import taxes on Palm Oil

New Delhi has reduced import duties on crude and refined palm oil, an essential import commodity for India’s rapidly growing economy. Malaysia stands to gain significantly from this recent import tax…

Indian markets slip after U.S. Fed’s comments

The rupee and stocks weakened early on Thursday, tracking Asian peers after the U.S. Federal Reserve gave a 2019 rate outlook that traders called “less dovish” than they expected. Government bonds…

RBI to consult with government

On Wednesday, the newly appointed RBI Governor Shaktikanta Das addressed that he would consult more closely with the government on policy issues and meet heads of state-run lenders within hours to…

IL&FS and the Indian Economy

The infrastructure lender IL&FS has raised concerns about the risk of loan defaults, causing a sharp drop in the benchmark Nifty index. As a major player in India’s non-banking financial sector,…

Demonitisation, Two Years On

8 November marks the second year since India demonetised all ₹500 and ₹1000 banknotes. Small and medium businesses are still struggling to recover from the impact of the policy. On 8 November 2016,…

India’s fiscal deficit at 5.95 trillion rupees

India’s April-September fiscal deficit stood at 5.95 trillion rupees ($81.20 billion), or 95.3 percent of the budgeted target for current fiscal year, government data showed on Thursday. The figure…

India to export raw sugar

India to export raw sugar for the first time in three years as global prices rally. A rebound in New York prices to seven-month highs along with government subsidies are making exports lucrative for…

Monsoon rainfall predicted below average

Rainfall in India’s annual monsoon season in 2018 was below average and less than forecast, with key crop-growing northern states among areas that have received less rain than needed. Accounting for…

Indian Tariffs on Non-Essentials

The finance ministry of India increased customs duties on “non-essential” items, including washing machines, air conditioners, footwear, gemstones and jet fuel. The objective of the increase is to…

IL&FS cause liquidity crunch

The risking risk of loan default by the Infrastructure Leasing & Financies Services Limited firm raises concerns about market stability, which will be affected by the company’s failure to repay…

India looks for oil futures contracts

India’s government is planning to ask state oil firms to lock in their crude futures purchase prices. New Delhi is anticipating a spike when U.S. sanctions on Iran snap back again in November. India’…