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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…

New Delhi: Domestic industry and experts saw some relief in the US Supreme Court striking down Trump’s tariffs and argued that it may help India negotiate a better deal.While US President Donald Trump had imposed 50% tariffs on Indian exports, the 25% penal tariffs have been done away with. With the interim agreement finalised, the…

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…

Mumbai: Investor sentiment in India improved after the completion of India-EU free trade negotiations in end-Jan and the subsequent interim trade agreement with the US, which lifted financial flows and supported markets through trade access, capital inflows, and policy stability, an RBI report said.RBI’s state of the economy report said the domestic economic landscape in…

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: Minutes of the Feb 4-6 meeting of Reserve Bank of India‘s Monetary Policy Committee (MPC) indicate the panel kept policy repo rate unchanged because growth is strengthening and inflation is benign, signalling a pause in easing with scope for future cuts if data permits.Comments of the rate-setting panel show broad agreement that the current…