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India’s GDP Growth Surpasses RBI Projection Strongly Why in the News ? India’s real GDP growth reached 7.8% in the first quarter of the current financial year, exceeding the RBI’s 7% projection. The strong performance has reinforced India’s image as a rapidly expanding economy and strengthened prospects for India-US investment and trade ties. GDP Growth …
Read MoreTIGER GLOBAL TAX CASE AND INVESTOR CONFIDENCE Why in the News? Supreme Court ruling has enabled reopening of tax assessment proceedings related to Tiger Global’s 2018 Flipkart stake sale. CBDT plans reassessment but has signalled a non-aggressive, legally cautious approach towards enforcement actions. Foreign investor sentiment is under scrutiny amid concerns over tax certainty and …
Read MoreRupee Slides Past 90 Amid Economic Pressures Why in the News? The Indian Rupee breached the 90-per-dollar mark, raising concerns about external stability, widening trade deficit, and persistent foreign portfolio outflows. Despite stable macro indicators, the RBI appears to be favouring gradual depreciation, prompting debate on currency management and export competitiveness. This economic situation, much …
Read MoreWhy in News ? U.S. President Donald Trump has signed an executive order doubling tariffs on Indian imports to 50%, citing India’s continued oil trade with Russia. The move has sparked strong criticism from India, calling it unfair and unjustified. Recent Development: U.S. Tariff Hike on Indian Goods President Trump imposed an additional 25% tariff …
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