(FE) US President Donald Trump’s announcement that he plans to impose a 25% tariff on all steel and aluminium imports is expected to have a ripple effect on the global steel market, potentially increasing the threat of steel dumping in the country, according to domestic steel manufacturers. Industry executives said that while India is not among the top steel exporters to the US, the move is likely to force countries with higher export exposure to the US — such as Canada, Mexico, Brazil, and South Korea — to seek alternative markets, with India being a primary destination. Industry executives added that this could…
Author: Aruna Sharma
(FE) India’s consumer inflation likely declined sharply to a five-month low of 4.60% in January, down from 5.22% in December, as food price increases slowed, according to a Reuters poll of economists. The drop in inflation offers relief to Indian households, which allocate a significant portion of their budgets to food. It is also welcomed by the Reserve Bank of India (RBI), which recently cut the repo rate by 25 basis points to 6.25%. The arrival of fresh winter produce in local markets has eased food price pressures, which account for nearly half of the Consumer Price Index (CPI) basket. Economists noted that…
(FE) India has a large population living abroad, which has grown from 18 million in 2020 to 32 million today. This makes India one of the countries with the largest overseas populations. According to the World Economic Forum (WEF), there will be a demand for 97 million new jobs worldwide by 2025 in industries like healthcare, construction, IT, agriculture, and financial services. With 65% of its population under 35 and a median age of 28, India has a young workforce that can become a global talent hub if it has the right skills. To help with this, the government is…
(TH) Prime Minister Narendra Modi is preparing additional tariff cuts ahead of a meeting this week with U.S. President Donald Trump that could boost American exports to India and avoid a potential trade war, government officials said. PM Modi’s two-day U.S. visit from Wednesday (February 12, 2025) comes as Mr. Trump plans to announce reciprocal tariffs on many countries, including tariffs of 25% on all steel and aluminium imports by largest trading partner the United States. Mr. Trump had previously called India a “very big abuser” on trade and urged it to buy more American-made security equipment to move towards a fair two-way…
“India Energy Week 2025 (IEW’25) is set to be the first major global event on the energy calendar and the most comprehensive and inclusive energy gathering of the year, especially in light of recent global developments that are expected to have a transformative impact on the energy market,” said Shri Hardeep Singh Puri, Minister of Petroleum & Natural Gas, while interacting with the media today. l energy landscape. He stated that IEW’25 is set to be even larger, more diverse, and more impactful than its previous two editions. Covering over 1 lakh square meters, IEW’25 will be the second-largest energy event…
Steel Authority of India Limited (SAIL) has earned the prestigious ‘Great Place to Work’ certification for January 2025 to January 2026, awarded by the Great Place to Work Institute, India. This marks the second consecutive certification for SAIL, having first been certified for December 2023 to December 2024. This consecutive global recognition highlights the company’s innovative HR initiatives including the Work Other than Workplace (WoW) scheme, flexible timings for city-based employees, self-paced learning through LinkedIn Learning Hub and E-Pathshala, high-end IT and digital training with NASSCOM, Leadership Development programs in collaboration with IIMs and ASCI, e-counseling under the Employee Assistance…
(GK) The Meteorological Centre Srinagar today forecast snow at many places of Jammu and Kashmir from January 3 to 6, with peak activity on January 4 and 5. The weather conditions will likely remain dry till December 31, the MeT official said. He said two Western Disturbances (WDs) in quick succession likely to affect Jammu and Kashmir, and adjoining areas from January 1 onwards. The official said from January 1 to 2, the J&K will likely be hit with feeble western disturbance, with weather conditions likely be cloudy with light snow at scattered places during January 1 evening/night to January 2 morning.
(MC) The real Gross Domestic Product (GDP) growth is expected to recover in the third and fourth quarter of the current financial year on back of pick up in domestic drivers, mainly public consumption and investment, strong service exports and easy financial conditions, the Reserve Bank of India’s (RBI) Financial Stability Report said. “Despite this recent deceleration, structural growth drivers remain intact. Real GDP growth is expected to recover in Q3 and Q4 of 2024-25,” the report said. During H1:2024-25, real GDP growth (y-o-y) moderated to 6.0 percent from 8.2 percent and 8.1 percent growth recorded during H1 and H2 of…
(News18) The Himachal Pradesh government on Tuesday signed a Memorandum of Understanding (MoU) with two companies to enhance facilities across five selected green corridors in the state, officials said. Transport Department Director D C Negi signed the MoU on behalf of the state government, with Rahul Soni representing EVI Technology and Avinash Sharma representing Jio-bp, in the presence of Chief Minister Sukhvinder Singh Sukhu, a statement issued here said. Sukhu said as per the tender agreement, Jio-bp would develop the Mandi-Jogindernagar-Pathankot and Kiratpur-Manali-Kelang corridors, while EVI Technology would complete the work of Parwanoo-Una-Sansarpur-Terrace-Nurpur and Parwanoo-Shimla-Recongpeo-Losar corridors within one year.
In a major boost to the Aatmanirbhar Bharat’ initiative of the government, a contract for procurement of 12 Su-30MKI aircraft along with associated equipment has been signed between Ministry of Defence and M/s Hindustan Aeronautics Limited (HAL) today on 12.12.2024, at an approximate cost of 13,500 Crore inclusive of taxes and duties. The aircraft would have an indigenous content of 62.6%, enhanced due to indiginisation of many components to be manufactured by Indian defence industry. These aircraft would be manufactured at Nasik division of HAL. The supply of these aircraft would enhance operational capability of Indian Air Force and strengthen defence…