The RBI’s latest monetary policy and regulatory pronouncements are a strange mixture of caution and recklessness. The policy appreciates that with inflation depressed, not only because of well-behaved food prices but also because of deficient demand that has sent fast-moving consumer goods companies into depression, real interest rates in the economy are high.
Nepal is in turmoil even though calm seems to have been restored with the army taking charge and installing an interim prime minister. Parliament has been dissolved and elections are to be held in six months.
The Trump administration’s latest salvo against immigration, a $100,000 fee for every H-1b visa granted, would sharply raise costs for American companies, especially for government projects that require on-site workers.
India-Saudi Arabia share a history of deep economic, cultural and strategic ties. In recent decades, these have been strengthened by high-level exchanges and bilateral agreements. Both countries are committed to a relationship that leverages their respective strengths. The Delhi Declaration in 2006 and the Riyadh Declaration in 2010 were two initiatives that built a foundation for cooperation, especially in energy. Since then, the relationship expanded significantly through visits by Indian Prime Minister Narendra Modi and Crown Prince Mohammad bin Salman of Saudi Arabia, which eventually led to the formation of the Strategic Partnership Council (SPC) in 2019.
The contrast is stark in the way US is negotiating with China and India. For India, a penal duty of 25% has kicked in for trade with Russia. This will be on top of the higher than expected tariff of 25%.
From Trump’s MAGA to Kathmandu’s GenZ, emotive mobilisation around single issues/leaders is outweighing considered citizenly engagement. It’s regime change minus constructive agenda
India has overtaken China as the largest buyer of Russian oil. This is not because the Chinese are running scared of American wrath over their Russian commerce. China is increasingly moving to electricity for transport, with more than half of all new car sales being of electric vehicles and high-speed trains that run on electricity offering viable alternatives to air travel on quite a few routes, and will increasingly buy smaller quantities of oil. China has stepped up its purchases of piped natural gas from Russia.