The UK government is set to tighten visa rules, aiming to curb the influx of foreign workers amidst rising concerns about pressure on public services and right-wing protests. New measures include stricter requirements for skilled worker visas and limits on…
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U.S. Treasury Secretary Scott Bessent reported “substantial progress” in trade talks with China, aiming to de-escalate the damaging trade war. U.S. Trade Representative Jamieson Greer described the outcome as “a deal we struck,” anticipating a reduction in the U.S. global…
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Geopolitical tensions between India and Pakistan are causing concern among foreign importers, who are seeking updates from Indian suppliers. Cargo movement has slowed at some ports, and banks are taking longer to process documents for shipments to Turkiye due to…
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Uttar Pradesh aims to boost its excise earnings to ₹63,000 crore in fiscal 2025-26, driven by a new e-lottery policy for allocating retail liquor shops. The state anticipates an investment of approximately ₹7,900 crore to establish more manufacturing facilities, fostering…
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World Bank Group President Ajay Banga emphasizes India’s crucial five-year window to capitalize on supply chain shifts driven by the China+1 strategy. He advises focusing on logistics, regulatory reforms, and skilling to fully leverage these opportunities. Banga also highlights the…
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IndusInd Bank faces scrutiny as auditors demand clarity on its derivative accounting discrepancy, potentially classifying it as fraud. The issue, involving losses near ₹2,000 crore, stems from differing accounting treatments in internal and external forex transactions. The bank’s board must…
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