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India appears to be facing one of its toughest economic challenges in recent years. (AI image) India appears to be facing one of its toughest economic challenges in recent years. Oil, gold, fertiliser and other commodity prices are elevated. The foreign portfolio investors are continuing to sell. Imports remain unabated. Exports are facing headwinds. Remittances…
US President Donald Trump on Thursday signed a proclamation imposing a 10 per cent temporary import surcharge on most goods entering the United States, after the Supreme Court deemed the tariffs imposed on different countries “illegal”.Thereafter, invoking emergency powers under Section 122 of the Trade Act of 1974 to address what he described as “fundamental…
MUMBAI: RBI deputy governor Poonam Gupta defended the central bank’s inflation projections, saying there is “no systematic bias” in forecasts issued by the Monetary Policy Committee. Speaking at a workshop here on Wednesday, she said inflation forecasting is difficult everywhere, “equally challenging in India, if not more so”, because of the high food weight in…
