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India seeks quick US trade deal as Trump tariffs paused

NEW DELHI, April 10 (Reuters) – India wants to move quickly on a trade deal with the United States, a government official said on Thursday, after President Donald Trump’s decision to pause reciprocal tariffs on dozens of countries, while hiking levies on China. India and the United States agreed in February to work on the first phase of a trade deal to be concluded late this year, with a view to reaching two-way trade worth $500 billion by 2030. “India is one of the first nations to start talks over a deal with the United States and to have jointly

Economic storm coming, where is PM Modi hiding: Rahul Gandhi on US tariff issue

Ahmedabad, Apr 9 (PTI) Asserting that an “economic storm” is coming, Congress leader Rahul Gandhi on Wednesday slammed Prime Minister Narendra Modi over the imposition of tariffs by the US and questioned his silence on the issue. Addressing the AICC session on the banks of the Sabarmati river, Gandhi recalled that when Modi went to the US earlier, he had hugged American President Donald Trump. “This time did you see their photograph hugging each other? Where has it vanished? President Trump, whom Prime Minister Modi calls a friend, ordered him that listen ‘we will not hug each other, this time

Home, auto loans to get cheaper as RBI cuts interest rate for 2nd time in a row

Mumbai, Apr 9 (PTI) Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates on Wednesday for a second consecutive time and signalled more easing to come as it sought to bolster the economy that is facing further pressure from damaging US tariffs. The Monetary Policy Committee (MPC), consisting of three central bank members and an equal number of external members, voted unanimously to cut the repurchase or repo rate by 25 basis points to 6 per cent. It had reduced rates by an equal measure in February — the

Gold slips below Rs 91,000 level on reduced demand in Delhi

New Delhi, Apr 9 (PTI) Gold prices plunged Rs 1,050 to Rs 90,200 per 10 grams in the national capital on Wednesday due to poor offtake by stockists and retailers, according to the All India Sarafa Association. The yellow metal of 99.9 per cent purity had closed at Rs 91,250 per 10 grams in the previous market close. Gold of 99.5 per cent purity depreciated Rs 1,050 to Rs 89,750 per 10 grams against the Tuesday’s close of Rs 90,800 per 10 grams. However, silver prices climbed Rs 500 to Rs 93,200 per kg. The white metal had settled at

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