Imagine you are a central bank governor. Your currency is in freefall, down 20% in three months. Inflation is surging. But your government has billions in bonds maturing next month, and nobody wants to buy them. You have one tool: interest rates. Raise them to save the currency, and the bond auction fails. Cut them…
Baneswar Shiva Temple is located in Baneswar village in the Cooch Behar district of West Bengal, around 10 kilometers from Cooch Behar town. The temple is considered one of the most important Shiva pilgrimage centers in North Bengal. Devotees from West Bengal, Assam, Bihar, and neighboring Bangladesh regularly visit the temple throughout the year. The…
New Delhi: The intra-BRICS trade has increased multiple times over the last few years but it accounts for only around 5 per cent of the global trade, reflecting huge untapped potential for deeper integration and stronger value-chain linkages, Commerce Secretary Rajesh Agrawal has said. BRICS is a grouping of 11 developing countries – Brazil, China,…
Chennai: In his maiden government, Tamil Nadu Chief Minister C Joseph Vijay will handle key portfolios including police, general administration and welfare of women, youth, and children, while veteran leader K A Sengottaiyan has been designated as the Finance Minister, the Lok Bhavan said on Saturday. By keeping Home for himself, Vijay continues the trend…
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Amsterdam: Prime Minister Narendra Modi arrived in the Netherlands on Friday on the second leg of his five-nation tour, during which he will hold talks with his Dutch counterpart Rob Jetten to further deepen bilateral cooperation in areas such as trade, technology, defence and renewable energy. The prime minister arrived in the Netherlands after a…
New Delhi: The government on Friday imposed a windfall gains tax of Rs 3/litre on the export of petrol, while reducing the levy on diesel to Rs 16.5/litre and aviation turbine fuel to Rs 16/litre effective May 16. The Finance Ministry, in a notification, said that the road and infrastructure cess will be nil on…
New Delhi: Japanese auto major Honda Motor Co will start introducing models tailored for the Indian market from 2028 and leverage its two-wheeler business to upgrade customers to passenger vehicles as part of rebuilding its automobile business, company Global CEO Toshihiro Mibe said on Thursday. The company has positioned India along with North America and…
Our Business Desk The viral claim that the Indian Rupee has fallen against the Pakistani, Bangladeshi, and Sri Lankan currencies is mathematically correct — but economically misleading. Currencies cannot be judged in isolation or through short-term bilateral movements alone. Macro-economics doesn’t work like a cricket scoreboard. Yes, the Indian Rupee has weakened marginally against the…
New Delhi: India has banned the export of sugar till September 30 this year, according to a government notification. The notification issued by the Directorate General of Foreign Trade (DGFT) on May 13 said this order does not apply to sugar being exported to the European Union and the US under the tariff rate quota…
