Climate change is no longer a distant environmental concern. It is increasingly becoming a question of livelihoods, food security, public health, economic stability and social justice. Rising temperatures, changing rainfall patterns, extreme weather events, melting glaciers and growing water stress are already affecting societies across the world. For India, the challenge is particularly signific…
Fiscal federalism lies at the heart of India's federal structure. The Constitution distributes taxation powers and expenditure responsibilities between the Union and the States, while also providing mechanisms for transferring resources between them. The objective is to ensure that every level of government has adequate resources to perform its constitutional responsibilities. Economic reforms an…
Economic growth is generally expected to create employment, raise incomes and improve living standards. Yet India's development experience has often presented a puzzling situation. The economy can grow rapidly while employment does not increase at the same pace. This phenomenon, commonly described as jobless or near jobless growth, raises a fundamental question: why does an expanding economy some…
Economic growth is often associated with factories, infrastructure, investment and natural resources. Yet behind every major transformation in human history lies a less visible force: innovation. From the invention of the wheel to the development of artificial intelligence, human societies have progressed by finding better ways to solve existing problems. Innovation is therefore not merely about …
The Indian rupee came under renewed pressure on Monday as a sharp rise in crude oil prices collided with growing geopolitical uncertainty, pushing the currency to its weakest level in more than a week. The rupee settled at ₹95.9825 against the US dollar on September 28, down around 0.2% on the day, after spending much of the session close to the psychologically important ₹96 per dollar level. Dol…
China and the United States have agreed to reduce tariffs on goods worth about $60 billion in bilateral trade, marking one of the clearest signs yet that the world's two largest economies are trying to stabilize their deeply strained commercial relationship. Under the new framework, each side has recommended roughly $30 billion worth of non-sensitive goods that could receive more favorable tariff…
India is preparing to make an important decision about one of its most widely used export-support mechanisms. The government is expected to extend the Remission of Duties and Taxes on Exported Products, or RoDTEP, scheme for another five years after its current extension expires on September 30, 2026. According to a government trade source cited by Reuters on September 16, the Commerce Ministry h…
The Indian rupee has once again moved close to a psychologically important level against the US dollar, and the latest weakness is not being driven by one isolated event. It is the result of several forces operating at the same time: elevated crude oil prices, stronger demand for dollars from Indian importers, rising US Treasury yields, expectations of tighter US monetary policy, global geopoliti…
India's Unified Payments Interface has become so deeply embedded in everyday life that paying through a QR code often feels less like a financial transaction and more like a routine gesture. A customer buys groceries, pays a restaurant bill, books a service, transfers money to a family member or settles an online purchase, and the payment happens within seconds. For millions of Indians, the most …
India’s National Stock Exchange is finally preparing to become a publicly listed company, bringing one of the country’s most important financial institutions into the market it has helped build for more than three decades. The NSE is set to launch an initial public offering worth about Rs 22,562 crore, or roughly $2.3 billion, making it one of the largest public offerings in India’s history. Anch…
