EU'S OVERTURE

Brussels' new strategy document shows keenness to recognise New Delhi as a valuable partner in shaping global order.

Migrants make for convenient villains

They have been woven into the moral fabric of receiving countries as the evil that is required to prove the goodness of the hosts.

US 25% penal tariff on India unlikely to stay beyond Nov 30, says Nageswaran

Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday said the additional US tariffs of 25 per cent on India levied over the purchase of Russian oil likely won't continue beyond November 30, considering the talks held earlier this week between the US and Indian negotiators in New Delhi.

Indian oil cos' dividends stuck in Russia rise to around $1.4 bn as repatriation efforts drag on

Indian Public sector oil companies' stuck dividend income in Russia is estimated to have grown to nearly $1.4 billion due to inter-national payment channel-related restrictions following Russia's February 2022 invasion of Ukraine. Dividend payments received by ONGC Videsh (OVL), Oil India (OIL), Indian Oil Corporation (IOC), and Bharat Petroleum Corporation (BPCL) arm Bharat PetroResources (BPRL) from their stakes in Russian upstream oil projects are getting deposited in their bank accounts in Moscow with no effective mechanism to repatriate the money or use it in bilateral trade between India and Russia, according to sources in the know.

Saudi-Pakistan defence pact: Significance for the 2 countries.

Fed's dual mandate conundrum

Political pressures aside, the US Fed faces a difficult predicament with inflation and unemployment rising at the same time. Put simply, it cannot address one problem without making the other worse.