Govt defends FCRA amendments, says foreign funding curbs protect democracy

RBI: Better Liquidity Driving Strong Credit Growth Across India

India's economy is demonstrating resilience despite ongoing global uncertainties and geopolitical tensions, according to the Reserve Bank of India. Improved liquidity conditions in the financial system have supported robust credit growth nationwide. The country's external sector remains stable, bolstered by steady foreign investment inflows. Both rural and urban demand are holding up well, signaling broad-based economic activity. However, retail inflation rose slightly in June, primarily due to higher food and fuel prices.

Indian Pharma Firms Rattled by Trump's Proposed 200% Tariff on Generic Drugs

US President Donald Trump has proposed imposing tariffs as high as 200% on generic pharmaceutical imports, sending shockwaves through the pharma industry. Indian generic drug manufacturers, who are major suppliers to the US market, are among those most affected by the uncertainty. Reports indicate a potential two-year transition window may be part of the policy framework, offering limited relief to companies. The move has left pharmaceutical firms scrambling to assess the financial and operational impact of such steep duties. Industry stakeholders are closely monitoring developments as details of the tariff plan continue to emerge.

US and Saudi Arabia ink civil nuclear deal with uranium enrichment study clause

The United States and Saudi Arabia have signed a civil nuclear cooperation agreement, marking a significant step in bilateral energy ties. The pact includes a provision for a joint study on uranium enrichment facilities within Saudi Arabia. US officials have asserted that the agreement meets established safety and nuclear nonproliferation standards. The deal is subject to Congressional review, where it may face pushback from some lawmakers. The signing comes at a sensitive time, coinciding with ongoing US military operations against Iran.

Ashoka Chakra recipient’s bravery cast in bronze in Delhi’s Defence Colony