The government of India has raised the drawback duties on gold and silver articles. As per a notification issued by the Finance Ministry, drawback duties on gold articles have risen from ₹335.50 to ₹405.40 per gram. Meanwhile, those on silver items have increased to ₹4950.03 per kilogram, up from ₹4468.10. What Is a Duty Drawback? …
The Reserve Bank of India (RBI), in its April 2025 policy meeting, reduced the repo rate by 25 basis points (bps), bringing it down to 6.00%. This marks the second rate cut of the year, totalling 50 bps so far in 2025. The RBI has also changed its policy stance from ‘neutral’ to ‘accommodative’, signalling …
The Indian Rupee continued its upward momentum on April 17, 2025, strengthening for the fourth consecutive session. It opened 19 paise (0.22%) higher at ₹85.49 against the US Dollar, compared to the previous close of ₹85.68. Over the past four trading days, the rupee has appreciated by nearly ₹1.2, significantly reducing its monthly decline to …
India is projected to remain the world’s fastest-growing major economy in 2025 with a growth rate of 6.5%, even as the global economy faces mounting recessionary pressures, according to the latest report released by the United Nations Conference on Trade and Development (UNCTAD) on Wednesday. Domestic Momentum Continues UNCTAD attributes India’s steady performance to continued …
India’s bank credit is expected to grow by 12–13% in FY26, slightly higher than the 11–11.5% growth seen in FY25. According to Crisil Ratings, this will be driven by new regulatory changes and expected tax cuts that could boost spending. Lower interest rates will also play a role. 3 Factors Supporting the Growth of Bank Credit …
The trade war between China and the US has elevated to a new high as President Donald Trump commenced a fresh wave of sweeping tariffs on Chinese imports, some climbing as high as 245%. The significant move aligns with Trump’s ongoing ‘America First’ trade agenda and marks the latest in a series of tit-for-tat measures …
India’s domestic medical device manufacturers have raised concerns over a surge in indirect imports of Chinese-origin products routed through countries like Hong Kong, Malaysia, and Singapore. These rising imports, coupled with falling export growth, have prompted the Association of Indian Medical Device Industry (AiMeD) to seek urgent intervention from Commerce Minister Piyush Goyal. Indirect Import …
Union Health Minister J P Nadda will visit Odisha for 2 days starting from April 11 to April 13 to launch the Ayushman Bharat scheme along with other healthcare initiatives in the state. Launch Event in Cuttack Nadda will arrive in Bhubaneswar at around 1 PM and then travel to Cuttack, where he will attend …
India’s exports could come under pressure next year as the World Trade Organisation (WTO) has sharply lowered its global trade forecast for 2025. The WTO now expects world merchandise trade volume to shrink by 0.2% in 2025, a big drop from its earlier projection of 2.7% growth. This revision comes after factoring in the U.S.’s …
The USD/INR spot rate is trading lower at 85.61 at 4:20 PM as of April 16, 2025, marking a 0.11% decline (-0.09) on the day. The pair has moved within a tight intraday range of 85.52 to 85.76, reflecting cautious sentiment ahead of key U.S. economic events. Market Drivers: Dollar Dips, Oil Drops, and Policy …
