BUSINESS
LG Electronics to invest Rs 5,000 crore in Andhra's Sri City
The investment is expected to create 1,495 direct jobs and about 10,000 indirect jobs
PODCAST
India should not fall for American tricks- Jeffery Sachs| MC Political Economy
India should not fall into the US trap of China is the enemy , says Economist and Professor, Jeffrey Sachs. In this conversation, Jeffrey Sachs explains the reasons behind the tariff wars and the new world order.
INDIA
India to take up slashing of funding to Pakistan with World Bank, ADB, IMF: Source
India is expected to make a case for cutting or slashing of funds to Pakistan from multilateral institutions such as the World Bank, ADB, IMF
INDIA
'State-sponsored terror is a red line for India': Former union minister Suresh Prabhu
Ten-time minister Suresh Prabhu, referred to as India’s reforms man, in a conversation with Shweta Punj said that India’s actions against Pakistan are a reaction.
INDIA
Why ending the Indus Water Treaty is easier said than done
Signed by the two sides in 1960 to share the water of the Indus and its tributaries, the treaty has survived wars, the ups and down of bilateral ties and is seen as one of the most enduring global water-sharing agreements.
BUSINESS
India Inc pushes for zero-to-zero tariffs on steel, aluminum, auto via BTA with US
Indian Industry is pushing for a zero-to-zero tariff regime on products that attract sectoral duties from the United States such as steel, aluminium, automobile and auto parts.
BUSINESS
MC Exclusive: Suzlon Energy, Inox jump as Govt proposes mandatory manufacturing of wind turbines in India
The Ministry of New and Renewable energy has proposed that foreign wind turbine manufacturers should manufacture blade, tower, gearbox and generator in India. The proposal has been floated for comments.
BUSINESS
Andhra Pradesh Cabinet to allot 21 acres to TCS for 99 paisa as Nara Lokesh takes leaf out of Modi playbook
Over the following months, the state government held continuous discussions with TCS, ultimately leading to Monday’s cabinet approval.
BUSINESS
Don't let US use India, instead work with China: American economist Jeffrey Sachs
'Trump is not going to do what India wants, which is to make India the replacement for China. It's not going to happen,' says Economist and Professor Jeffrey Sachs.
BUSINESS
We do not believe in doing hand-to-hand reciprocal action: NK Singh
The Trump tariffs make the WTO more and more dysfunctional, says the economist and former MP
BUSINESS
India likely to negotiate more with US under Section 4C and not retaliate
27% tariffs were levied on India as part of Trump’s reciprocal plan, lowest amongst its Asian peers. The government intends to negotiate further and reduce tariffs for US imports into India under section 4 C of the executive order.
BUSINESS
Govt unlikely to go ahead with privatisation of banks: Official
Government’s ambitious bank privatisation agenda is off the table with an overarching view that public sector banks are profitable and evoke greater trust. The Modi government had announced privatisation of two public sector banks in 2021-22
BUSINESS
India may follow US' cue on cryptocurrencies
With Trump’s administration embracing crypto, an inter-ministerial group is recalibrating its approach on digital currencies as its finalises a discussion paper
BUSINESS
IndusInd Bank issue is of internal compliance lapse; not indicative of systemic risk to the sector: Govt official
A government official told Moneycontrol that the IndusInd issue is a stand-alone and is not indicative of the risks in the banking system.
BUSINESS
There is a shortage of plus 6 percent stories out there: S&P Global's Vishrut Rana
Especially over the recent year or so, I think the slower momentum in the economy is one of the factors that is pushing households into lower savings, and also partly into taking up debt for funding durable goods purchases, which is a future strain on the balance sheet of the household, says Vishrut Rana
BUSINESS
China has embraced Chanakya’s Saam Daam Dand Bhed, we must too, says Nilesh Shah, MD, Kotak MF
As long as foreign portfolio investors are selling aggressively, markets will continue to go down. India has to deliver on the earnings growth expectations and push forth a fresh narrative for foreign investors.
WORLD
India’s policy pill for Trump to include tariff reductions across sectors from auto to chemicals to IT
Sources familiar with the matter say that India is clear that it doesn’t want to go the Canadian way in imposing ‘retaliatory tariffs’.
PODCAST
The new IT Bill decoded - what’s in it for you? Political Economy
The new income tax does not bring in any policy changes, it removes a lot of redundant provisions and reduces compliances. The new IT code tries to keep it simple. Ganesh Raj, Partner, Tax and Regulatory Services explains how the new IT code could reduce litigation.
BUSINESS
Trump tariff threats present opportunity for India, too much protection detrimental to growth: Shamika Ravi
Dr Shamika Ravi, Member, Prime Minister’s Advisory Council, says now is the time for India to re-look its trade policies. The policies should be geared towards getting India to make for the world.
BUSINESS
Trump trade war: Will India lower auto tariffs to buy time?
With the April 2 deadline looming for Trump’s tariffs to kick in, India could lower tariffs on automobiles and keep the engagement with the US going in a bid to buy time until the Quad Summit in 2025 in New Delhi.
BUSINESS
Trump tariffs to deal devastating blow to Canada and Mexico: Harvard professor Robert Lawrence
As Trump rolls out 25% tariffs on imports from Mexico and Canada, Harvard Professor of International Trade, Robert Lawrence, says that apart from a devastating blow to Mexico and Canada, Americans will find their consumption bills go up
BUSINESS
There seems to be a willingness on part of Trump administration to treat India differently: Harvard's Robert Lawrence
He has repeatedly slammed India as a "very big abuser" of tariffs and has reiterated his threat of a "reciprocal tariff" on the country, raising concerns over possible trade war.
BUSINESS
Government in 'wait and watch mode' as markets continue to tumble
With the Sensex down over 12,700 points from its peak, there is growing clamour for a cut in or even abolishing of capital gains tax, but the government is expecting the fall in the equity markets to end in the next six weeks or so. It is unlikely to intervene currently as markets are falling because of global uncertainty.
INDIA
Kumbh Diary: Prayagraj – an overnight megapolis for those seeking an eternal experience
This Maha Kumbh has seen more than 50 crore visitors, more than the population of the world, if one leaves India and China aside. The city is a heady mix of the old and the new, with devotees and tourists alike washing themselves of sins and searching of Moksha.
