Category: Economy
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GIFT IFSC Companies Surge to 409: Finance Ministry Details Growth Drivers
The Finance Ministry informed the Lok Sabha that the number of companies operating in the Gujarat International Finance Tec-City International Financial Services Centre (GIFT IFSC) has seen a remarkable rise over the past five years. As of July 31, 2025, a total of 409 companies are operating in GIFT IFSC, compared to just 82 companies…
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Foreign Investments in Indian Mutual Funds Hits Record High in 2025
Foreign Investment in Indian Mutual Funds Hits Record High in 2025 The Reserve Bank of India (RBI) has released results of its 2024–25 Survey of Foreign Liabilities and Assets of Mutual Funds (MFs) and their Asset Management Companies (AMCs). The findings show a sharp rise in foreign liabilities of MFs—driven by higher non-resident holdings of…
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Goldman Sachs Lowers India’s Growth Forecast Amid US Trade Tensions
Global investment bank Goldman Sachs has revised India’s growth forecast downward for 2025 and 2026, pointing to growing trade tensions with the United States after President Donald Trump announced a 25% tariff on Indian exports. While the direct economic impact of the tariffs is still unfolding, the bigger concern, according to the firm, is policy…
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RBI to absorb ₹3 trillion via VRRR auction to curb surplus liquidity
Mumbai, August 7, 2025 – The Reserve Bank of India (RBI) announced plans to conduct Variable Rate Reverse Repo (VRRR) auctions to withdraw ₹3 trillion from the banking system. This move is aimed at managing the excess liquidity in the financial system and ensuring short-term interest rates remain aligned with the central bank’s monetary policy…
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APPLE CEO GIFTS TRUMP 24-KARAT GOLD ITEM, ANNOUNCES $100 BILLION US MANUFACTURING BOOST
Tim Cook unveils custom-made gift and major expansion plans in the US Apple CEO Tim Cook met US President Donald Trump at the White House on Wednesday and presented him with a one-of-a-kind handcrafted gift before announcing a major investment expansion in American manufacturing. The gift, which reportedly features a custom-designed glass element atop a…
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US IMPOSES 50% TARIFF ON INDIAN IMPORTS OVER RUSSIAN OIL DEALS
India slams move as ‘unfair, unjustified and unreasonable’ Us president Donald Trump has issued a new executive order that imposes an additional 25% tariff on Indian imports due to India’s continued purchase of Russian oil. The latest hike raises the total tariff on Indian goods entering the United States to 50%, making it one of…
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Rupee Nears All-Time Low, Closes at 87.66 Against Dollar
The Indian rupee continued to weaken, falling 48 paise on Monday to close at 87.66 per US dollar. During intraday trade, the currency slipped as much as 55 paise to touch a low of 87.73. Reasons Behind the Rupee Weakness Market analysts attribute the decline to uncertainty in trade tariffs and consistent selling by foreign…
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Government to Auction Rs 25,000 Crore in Government Securities on August 8
The Government of India (GoI) has announced the re-issue of two major government securities (G-Secs) through price-based auctions to raise Rs 25,000 crore. The auction will be conducted by the Reserve Bank of India (RBI) on August 8, 2025 (Friday). *Securities on Offer* Security Notified Amount (Rs. crore) Type 6.28% GS 2032 11,000 Re-Issue 7.09%…
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U.S. Tariffs on Key Countries & Impact on India
Published on August 4, 2025 | Source: USTR Executive Order & Reuters/FT 🔍 What Is a Tariff? A tariff is a tax imposed by a country on imported goods or services. For example, when the U.S. applies a 25% tariff on Indian exports, it increases the price of those goods in the American market—making Indian…
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Bank Credit Growth Slows to 10.2% in June 2025; Services and Personal Loans Ease
Sectoral Bank Credit Growth Slows to 10.2% in June 2025 | RBI Data Highlights Bank Credit Growth Slows to 10.2% in June 2025; Services and Personal Loans Ease India’s banking sector witnessed a moderation in credit growth in June 2025, with non-food bank credit rising by 10.2% year-on-year (y-o-y) as of the fortnight ending June…