The Asian Development Bank advised Asian economies to avoid broad fuel subsidies and excise duty cuts, warning they could strain public finances amid elevated crude oil prices. The lender suggested targeted cash transfers for vulnerable populations and a shift to…
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India and Vietnam are looking to ramp up bilateral trade to $25 billion by 2030, Prime Minister Narendra Modi said Wednesday, following talks with President To Lam in New Delhi. “Bilateral trade between India and Vietnam has doubled in the…
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A recent analysis highlights that stringent regulations on fasteners, a seemingly minor expense, are leading to significant production hurdles. These limitations are driving up costs and limiting available supply, adversely affecting sectors such as automotive and construction. The ‘Make in…
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HDFC Bank’s governance review is nearing completion. Law firms are expected to report no significant issues. This development clears the path for the reappointment of CEO Sashidhar Jagdishan. The Reserve Bank of India is likely to support this decision. The…
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United States and Iran are close to a deal to end the Gulf war. A one-page memorandum is being negotiated. The agreement includes Iran halting nuclear enrichment and the US lifting sanctions. Both sides will also ease restrictions on the…
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Speculation mounts over potential petrol and diesel price hikes as assembly elections conclude, despite government assurances. The IMF urges India to pass on higher crude oil costs to consumers, arguing it would temper demand and allow market adjustments, while advocating…
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