Economic Policy News - Latest Updates & Headlines
BJP raises questions over ex-FM Chidambaram's logic on economic analysis
New Delhi, April 6: Prime Minister Narendra Modi-led government increased the share of taxes given to states from 32 per cent to 42 per cent after 2015, which naturally led to more funds for states like Tamil Nadu, clarified Amit Malviya, in-charge of BJP's (Bharatiya Janata Party) National Information & Technology Department on his X handle.
Massive financial deficits with China, EU can only be cured with tariffs: Donald Trump
Washington DC, April 7: US President Donald Trump defended his administration's implementation of reciprocal tariffs on various countries, underlining the financial deficits the US faces with nations like China and the European Union and argued that tariffs are the only solution to these trade imbalances.
Taiwan has no plans to take retaliatory actions against US tariff: President Lai
Taipei, April 7: Taiwan has no intention of retaliating against the 32 per cent tariff imposed by US President Donald Trump on Taiwanese goods, President Lai Ching-te said on Sunday, according to a report by Focus Taiwan.
US tariffs: India got relief compared to others, says NSE CEO
New Delhi, April 6: India has received some relief compared to other countries despite the recent hike in global tariffs, said Ashish Chauhan, Managing Director and CEO of the National Stock Exchange (NSE) on Sunday.
RBI set to hold first monetary policy review of 2025-26; all eyes on central bank's move
New Delhi, April 6: The Reserve Bank of India (RBI) will hold its first monetary policy review meeting of 2025-26 starting Monday. The outcome of the three-day meeting will be announced on Wednesday morning (10 am).
S. Korea set to inject $2 billion in emergency aid for tariff-hit car industry
Seoul, April 6: The South Korean government plans to inject 3 trillion won ($2 billion) in emergency aid into the local car industry to cushion the blow from new 25 percent US tariffs, officials said on Sunday.
US VP JD Vance reverses trade stance, now defends Trump's tariffs
Washington, DC, April 5: US Vice President JD Vance is now a public champion of the Trump administration's protectionist trade agenda, CNN reported, despite having previously criticised tariffs and doubted that such policies would bring back manufacturing jobs.
Social media comments linked to Warren Buffett false: Berkshire Hathaway
New Delhi, April 5: All reports circulating on social media platforms like X, TikTok, and Facebook “regarding comments allegedly made” by Warren Buffett on the economic policies are false, said American multinational Berkshire Hathaway.
US lawmaker backs Trump's new tariffs, pushes Bipartisan bill to revoke China's trade status
Washington, DC April 4: Congressman John Moolenaar, who chairs the House Select Committee on China, released a statement endorsing President Trump's declaration of new tariffs aimed at Chinese imports, based on a report from the Select Committee on the CCP (SCCCP).
S. Korea to hold emergency meets with major industries after US tariffs
Seoul, April 4: The government will hold a series of emergency meetings with representatives from major South Korean industries expected to suffer damage from the United States' hefty tariffs, the industry ministry said on Friday.
US markets, dollar slip on Trump tariffs
Washington, April 4: US markets on Thursday slid to their lowest in two years in the aftermath and response to President Donald Trump’s sweeping tariffs on imports from every trading partner country, while the US dollar slipped to its lowest level.
India may not lose much in agriculture due to Trump's tariffs: Economist Ashok Gulati
New Delhi, April 4: Ashok Gulati, a well-known Indian agricultural economist and professor at the Indian Council for Research on International Economic Relations (ICRIER), said that India is unlikely to face major losses in its agricultural exports due to new tariffs announced by US President Donald Trump.
Trump says US economy and markets will boom following reciprocal tariff
Washington DC, April 4: After announcing reciprocal tariffs across the globe, US President Donald Trump emphasised that the US economy and stock market would see growth.
Accha sila diya tune mere pyaar ka...: Raghav Chadha takes swipe at US imposing reciprocal tariffs on India
New Delhi, April 3: Aam Aadmi Party leader Raghav Chadha on Thursday took a swipe at the US imposing reciprocal tariffs on India and recalled lines of a popular Hindi number while stating that "Trump Tariff" could wreck the Indian economy.
US tariffs: Veteran investors raise fears about 'global efficiencies of production'
New Delhi, April 3: Veteran hedge fund manager Ray Dalio on Thursday sounded cautiously optimistic on US reciprocal tariffs, saying it could raise revenue and help shore up domestic production capabilities.
South Korea calls for all-out response to US announcement of 25 pc tariffs
Seoul, April 3: Acting President Han Duck-soo instructed the government on Thursday to go all-out to respond to the United States' announcement of 25 percent tariffs on imports from South Korea.
India to review and assess the impact of US reciprocal tariff: MoS Finance
New Delhi 3 April: India will review and assess the impact of reciprocal tariffs, said Union Minister of State for Finance Pankaj Chaudhary on Thursday, reacting to the 27 per cent tariffs on Indian export to the US.
China critiques US reciprocal tariffs, vows to take resolute counter-measures
Beijing, April 3: China's commerce ministry on Thursday said that it will take "resolute counter-measures" against the "reciprocal tariffs" announced by United States President Donald Trump on all US trade partners, Global Times reported.
US calculation inflates India's tariffs on American goods: Bernstein
New Delhi, April 3: The US estimate of the tariffs imposed by India on American goods is an inflated figure because it includes non-tariff measures such as domestic taxes levied in the country, according to an analysis by leading brokerage Bernstein.
US stocks plunge in after-hours trading following Trump's tariff announcement
Washington DC, April 3: US stocks tumbled in after-hours trading as President Donald Trump delivered remarks at the Rose Garden and unveiled sweeping tariffs, according to a report by CNN. All eyes will now be on the Asian indices when they open for trading.
...You are not treating us right: Trump announces 26% tariffs on India
Washington DC, April 3: US President Donald Trump announced new import tariffs on Wednesday (local time), outlining the rates to be imposed on countries around the world, with India facing a 26 percent tariff.
America's taxpayers have been ripped off for 50 years: Donald Trump
Washington DC, April 3: US President Donald Trump on Wednesday (local time) called April 2, 2025, a pivotal day in American history. Referring to the day as "Liberation Day," Trump declared it as the turning point for American industry.
India stands less impacted by Trump tariffs than global peers: Industry
New Delhi, April 3: As US President Donald Trump announced reciprocal tariffs on dozens of countries, including India, industry experts said on Thursday that it appears India's export competitiveness to the US market stands far less impacted on a relative basis compared to global peers.
US reciprocal tariffs: Asian markets trade lower, Japan leads losses
New Delhi, April 3: Led by Japan, Asian markets opened lower on Thursday, after US President Donald Trump announced reciprocal tariffs on several countries -- with 34 per cent tariffs being levied on China, 46 per cent on Vietnam, 26 per cent on India, 26 per cent on South Korea and 24 per cent on Japanese goods.
NCAER DG Poonam Gupta appointed as RBI Deputy Governor
New Delhi, April 2: Poonam Gupta, currently the Director General of the National Council of Applied Economic Research (NCAER), has been appointed Deputy Governor of the Reserve Bank of India for three years or until orders.
Poonam Gupta appointed RBI Deputy Governor
New Delhi, April 2: The government has appointed Poonam Gupta as a Deputy Governor of the Reserve Bank of India for a period of three years to replace Michael D. Patra, who retired from the key post in January this year.
ASSOCHAM urges RBI to hold rates steady in key MPC meet next week
New Delhi, April 2: As the Reserve Bank of India (RBI) prepares for its upcoming monetary policy meeting from April 7 to 9, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Wednesday called for a cautious approach, recommending that the RBI adopt a "wait and watch" stance rather than opting for an immediate rate cut.
Israel cancels all import duties on American-made goods
Tel Aviv, April 2: At the directive of Prime Minister Benjamin Netanyahu, Finance Minister Bezalel Smotrich and Economy and Industry Minister Nir Barkat, Israel has cancelled all of the customs duties - tariffs - that have been levied until now on products from the US, Israel's largest trading partner.
India will be dropping its tariffs very substantially, says Trump
Washington DC, April 1: US President Donald Trump on Tuesday said that he has heard that India was dropping its tariffs on American goods substantially.
Centre discontinues Gold Monetisation Scheme, short-term deposits will continue
New Delhi, March 25: The government on Tuesday announced to discontinue the medium term and long term government deposit (MLTGD) components of the Gold Monetisation Scheme (GMS), effective from March 26.
Farm, rural workers get respite as price spiral eases in Feb
New Delhi, March 24: The year-on-year inflation rates based on the all-India consumer price index for agricultural labourers (CPI-AL) and rural labourers (CPI-RL) for February this year eased to 4.05 per cent and 4.1 per cent, respectively, compared to 7.43 per cent and 7.36 per cent in February 2024, bringing respite to poor households, official figures released on Monday showed.
Trade tariffs: Trump restates his 'flexibility,' pursuit of 'reciprocity'
Washington, March 22: US President Donald Trump has reiterated that he will exert flexibility on tariff policies, but his administration's new levies on goods coming into the United States would "basically" be "reciprocal."
Industry hails US Fed's status quo move, stock market reacts positively
New Delhi, March 20: The US Federal Open Market Committee's (FOMC) decision to maintain the federal funds rate at 4.25 per cent-4.5 per cent is a commendable move, given the persisting geopolitical volatilities, industry experts here said on Thursday.
Global trade and tariff uncertainties can become catalyst for reforms in India: HSBC Research
New Delhi, March 18: Global trade and tariff uncertainties could become a catalyst for reforms in India over the medium term and for growth results, the reforms must run deep, an HSBC Research report said on Tuesday.
Dip in India's trade deficit presents opportunities for domestic industries to grow: FIEO
New Delhi, March 17: The reduction in India’s trade deficit is a promising sign of the sector beginning to rebalance, presenting opportunities for domestic industries to grow, the Federation of Indian Export Organisations (FIEO) said on Monday.
CM Sukhu presents populist but deficit Himachal budget of Rs 58,514 crore
Shimla, March 17: With a focus on strengthening the agrarian economy, healthcare, job creation and eco-tourism, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Monday presented a populist but deficit budget of Rs 58,514 crore for the next fiscal in the Legislative Assembly.
I have simple yardstick for decisions, My country first: PM Modi
New Delhi, March 16: Interacting with renowned podcaster Lex Fridman, Prime Minister Narendra Modi opened up about his decision-making process. PM Modi stated that his extensive travelling, governance perspective and the mantra of keeping "My country first" guides him.
CCI doing great job in curbing abusive conduct of dominant enterprises: Minister
New Delhi, March 16: There is a need for real-time market monitoring and a collaborative approach to regulation while it is essential to enforce law beyond strict intervention by promoting self-regulation and compliance, Harsh Malhotra, Minister of State in the Ministry of Corporate Affairs (MCA), said on Sunday.
US consumer sentiment slumps for third month in a row amid tariff chaos
Washington, March 15: US consumer sentiment in March fell for the third month in a row as concerns about the economy intensified amid tariff chaos, according to a report.
South Korea shifts to emergency response system as US steel tariffs take effect
S: eoul, March 12 (IANS The South Korean government will go into a full emergency response mode as the U.S. tariffs on all steel and aluminum imports went into effect on Wednesday, Seoul's industry ministry said, amid efforts to minimise the impact of new U.S. duties on local industries.