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Markets: Amid US-China trade war, RBI’s rate-cut, bourses get bruises, again

April 9, 2025 revoi editor

Virendra Pandit New Delhi: As US President Donald Trump and his Chinese counterpart Xi Jinping intensified their ongoing trade war, India’s central bank cut interest rates and tried to provide some relief to home and automobile loanees, while the volatile equity markets ended, again, in the red, the media reported on Wednesday. Hours after […]

Business

USAID: Trump admn cuts 83% of programmes globally

March 10, 2025 revoi editor

Virendra Pandit New Delhi: The United States on Monday announced that it would shut down 83 percent of programs worldwide, funded by the US Agency for International Development (USAID), a stronghold of the Democratic Party. The media reported, quoting officials, that these programs did not meet Washington’s interests. Announcing on Monday, Secretary of State […]

Business

Roving Periscope: For a month, Trump delays 25% tariffs on Mexico and Canada

March 7, 2025 revoi editor

Virendra Pandit New Delhi: He may not have bargained for a swift tit-for-tat from both Canada and Mexico, or the fallout in home markets for the tariffs he imposed on the countries to the north and south of the United States of America. Amid his roller-coaster drive through geoeconomics and geopolitics since January 20, […]

Business

Roving Periscope: As realities dawn, Trump tries to apply balm to wounds!

March 6, 2025 revoi editor

Virendra Pandit New Delhi: With complications to his tariff announcements and threats surfacing, amid some of his pressure tactics working, US President Donald Trump has paused tariffs, and granted US automakers a month’s exemption on Canadian and Mexican imports, even as Washington also forced Ukraine President Volodymyr Zelenskyy to “apologize” and the European Union […]

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Business

Roving Periscope: Trump tempest roils the US and world; China moves to the WTO

March 4, 2025 revoi editor

Virendra Pandit New Delhi: Presiding over chaos at home and overseas, America’s non-conventional President Donald Trump’s fresh steps threaten a government shutdown in the US and engage Washington in an unprecedented global trade war for the first time in history. The US itself is now on the verge of shutdown at Trump pushed for […]

Business

Bird flu: Amid shortages and rising prices, one lakh eggs stolen in the US!

February 5, 2025 revoi editor

Virendra Pandit New Delhi: Amid shortages and rising prices, nearly one lakh eggs were stolen from a distribution truck in the United States, the media reported on Wednesday. The incident happened in Pennsylvania, where grocery stores are selling a dozen eggs for USD 4.69 or more, depending on the type and brand. The Pennsylvanian […]

Business

Energy: Govt may provide LPG subsidy of Rs. 35,000 cr to IOC, BPCL and HPCL

January 9, 2025 revoi editor

Virendra Pandit New Delhi: The Government of India is likely to give subsidies worth Rs. 35,000 crores for liquefied petroleum gas (LPG) to the three state-owned distributors—Indian Oil Corporation, Bharat Petroleum Corporation Ltd, and Hindustan Petroleum Corporation Ltd—to make up for losses they incurred on selling the fuel in the current financial year, the […]

Business

WHO: Trump team to withdraw the US from global health watchdog

December 24, 2024 revoi editor

Virendra Pandit New Delhi: President-elect Donald Trump’s team is preparing to withdraw the US from the World Health Organization (WHO) which may cripple the global health watchdog’s resources and finances, the media reported on Tuesday. Washington may make this decision on the day of the new President’s inauguration, which is scheduled for January 20, […]

Business

Economy: Better than many other countries, India to end 2024 on a positive note

December 16, 2024 revoi editor

Virendra Pandit New Delhi: The India Story continues… Despite a few downs, the Indian economy is ending 2024 on a positive note, with the Wholesale Price Index (WPI) easing to a three-month low in November, prices cooling, and business growth reaching a four-month high, the media reported on Monday. Government data showed on Monday […]

Business

Agriculture: For small farmers, RBI raises the collateral-free loan limit to Rs. 2 lakh

December 14, 2024 revoi editor

Virendra Pandit New Delhi: The Reserve Bank of India (RBI) has enhanced the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh, effective January 1, 2025, ahead of the next crop season, the media reported on Saturday. This important move will bring relief to small and marginal farmers amid rising […]