Trump threatens EU with new tariffs after Google slapped with $3.5 billion fine
US President Donald Trump warned of fresh tariffs on the European Union (EU) after Brussels imposed a €2.95 billion ($3.47 billion) fine on Google for antitrust violations. On Friday, the European Commission announced the penalty, ruling that Google abused its dominance in the
IT pact with US in 1997 crippled India’s hardware sector, say experts
Economists and strategic affairs experts argue that the Information Technology Agreement (ITA) of 1997 between India and the United States prevented India from developing a world-class computer hardware industry like China and Taiwan. The agreement eliminated tariffs on IT-related goods and services, but
Personal finance insights: News & Features
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GST Council slashes tax on renewable energy equipment to 5%, raises levy on coal
In a major boost to India’s clean energy sector, the GST Council on Wednesday announced a sharp cut in Goods and Services Tax (GST) on renewable energy equipment and manufacturing parts, reducing the rate from 12 per cent to 5 per cent, effective
Ex-Indian envoy Mohan Kumar debunks Trump’s ‘India tariff king’ claim
Former Indian Ambassador to France and leading trade expert Mohan Kumar has pushed back against the Trump administration’s recurring claim that India is the “tariff king,” arguing that the perception is misleading and not supported by data. In a Newsweek article titled “Is
Indian envoy meets US lawmaker Gregory Meeks as Trump tariffs strain ties
India’s Ambassador to the United States, Vinay Kwatra, met with Representative Gregory Meeks, the Ranking Member of the House Foreign Affairs Committee, on Wednesday to discuss bilateral ties amid growing trade tensions under President Donald Trump. In a post on X, the House
GST reforms to benefit middle class and farmers, says FM Sitharaman
Finance Minister Nirmala Sitharaman on Wednesday said that the latest Goods and Services Tax (GST) reforms are not only about rationalising rates but represent “structural” changes that will directly benefit farmers, healthcare, and the middle class. Briefing the media after the 56th GST
South Korean financial workers vote for nationwide strike, Samsung staff demand bonus reforms
Unionized financial workers in South Korea have voted overwhelmingly to stage a one-day nationwide strike later this month, demanding better working conditions and pay. The Korean Financial Industry Union (KFIU), representing employees across private and state-run banks as well as financial institutions, announced
Trump slams India over trade and tariffs, calls ties ‘one-sided disaster’
US President Donald Trump has once again targeted India over trade, calling the business relationship between Washington and New Delhi a “one-sided disaster.” In a post on Truth Social, Trump alleged that India exports “massive amounts of goods” to the United States while
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India-Japan ties strengthen with $13 billion investments, 170 MoUs signed in two years
As Prime Minister Narendra Modi prepares for his two-day Japan visit (August 29–30) to attend the 15th India–Japan Annual Summit at the invitation of Japanese Prime Minister Shigeru Ishiba, both nations have deepened their economic and strategic partnership with over 170 Memorandums of
Lee pledges support for US push to revitalise shipbuilding
South Korean President Lee Jae Myung has pledged to back Washington’s efforts to revitalise the United States’ shipbuilding sector, highlighting Seoul’s commitment to strengthening bilateral industrial and security ties. During a visit to the Hanwha Philly Shipyard in Philadelphia, which Korean shipbuilder Hanwha
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Personal finance insights: News & Features
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Trump’s Pakistan oil deal risks geopolitical fallout
US President Donald Trump’s new agreement for joint development of Pakistan’s oil reserves, announced via Truth Social, is being touted as the start of a long-term energy partnership. But analysts warn it may bring the US more geopolitical turbulence than benefits. The deal,
Trump rules out gold import tariffs, extends China tariff pause
US President Donald Trump has ruled out imposing tariffs on gold imports, ending days of speculation over potential duties on bullion. The announcement came after concerns arose following a US Customs and Border Protection ruling that 1-kilogram and 100-ounce gold bars from Switzerland
India’s resilience amid US tariffs: Strategic reforms and strong demand
India’s economy remains robust despite stalled trade talks with the US, showcasing its ability to withstand tariff pressures through strategic reforms and strong domestic demand. Over the past decade, India has transformed into a diversified economic powerhouse, driven by initiatives like Atmanirbhar Bharat
India’s US envoy meets Senator Graham amid tariff dispute and Russia oil row
India’s Ambassador to the United States, Vinay Mohan Kwatra, has met US Senator Lindsey Graham as trade talks between New Delhi and Washington remain stalled, and tensions rise over the Trump administration’s penal tariffs on countries buying Russian oil. “Spoke to Senator Lindsey
Trump doesn’t understand Asia or India, says Jim Rogers on US tariffs
As US President Donald Trump imposes 25 per cent tariffs on India, with another 25 per cent set for August 27, noted American investor and financial commentator Jim Rogers said on Friday that Trump “doesn’t understand much of the world,” especially Asia and
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