US President Donald Trump has imposed a fresh 10% tariff on imports from all countries, including India, hours after the US Supreme Court struck down a key legal basis for several of his sweeping global tariffs. The move shifts the legal foundation of his trade policy rather than ending it, ensuring tariffs remain central to…
Union minister Pralhad Joshi (ANI photo) NEW DELHI: Union minister Pralhad Joshi on Saturday said the Centre will study the recent US Supreme Court ruling on tariffs before making any official statement, stressing that the matter will be handled by the Piyush Goyal-led commerce ministry and Jaishankar’s ministry of external affairs (MEA).Speaking to reporters here,…
Eighty-six countries and two international organisations have signed the AI Impact Summit declaration, signalling broad global support for shared principles on responsible and inclusive artificial intelligence, IT minister Ashwini Vaishnaw said on Saturday. The declaration was adopted at the conclusion of the India AI Impact Summit held in New Delhi, with signatories including the US,…
TOI correspondent from Washington: In an extraordinary and unprecedented attack on a storied 236-year old institution that predates the arrival in America of his forbears by almost a century, President Donald Trump has accused the US Supreme Court of being swayed by foreign interests after it struck down his “liberation day” tariffs in a 6-3…
Prime Minister Narendra Modi with Brazilian President Luiz Inacio Lula da Silva during a joint press meet Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva on Saturday set a target to raise bilateral trade to $20 billion within five years and signed key agreements in areas including rare earth minerals, digital…
New Delhi: The government on Friday launched seven measures under the export promotion mission (EPM), a Rs 25,060-crore initiative aimed at boosting exports by easing finance, compliance and logistics hurdles faced by MSMEs.Of the 11 proposed interventions under the scheme, 10 are now operational. Three measures were already implemented in Jan this year, namely, market…
Mumbai: Foreign exchange reserves rose by $8.66 billion to a record $725.73 billion in the week ended Feb 13, reflecting valuation gains in gold and non-dollar foreign currency assets amid global market volatility and a softer US dollar.Gold reserves rose by $4.99 billion to $128.47 billion following a surge in international gold prices. The increase…
The likelihood of a monetary policy rate hike remains low due to subdued core inflation, according to a report by ICICI Bank Global Markets. The Reserve Bank of India is expected to maintain a prolonged pause in its rate cycle into FY2026–27, with greater emphasis on injecting durable liquidity to ensure effective monetary policy transmission,…
The US Supreme Court ruled that President Donald Trump cannot legally use emergency powers under the International Emergency Economic Powers Act (IEEPA) to impose tariffs. The decision blocks part of his trade strategy but does not end his trade war.The ruling mainly affects “reciprocal tariffs,” which Trump announced last April in the Rose Garden. These…
As weekend approaches, bank customers need to verify the holiday calendar before visiting branches, as bank closures in India depend on national holidays, state-specific festivals, and the weekly schedule mandated by the Reserve Bank of India (RBI). While some Saturdays are working days, others are designated holidays, making it important to confirm branch availability in…