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India and Germany sign deals to deepen economic and security ties

NEW DELHI, January 12, 2026 (AP) — Indian Prime Minister Narendra Modi and German Chancellor Friedrich Merz met on Monday in western Gujarat state to push for deeper economic and security ties between the South Asian nation and Europe’s largest economy. Modi and Merz held talks in the city of Gandhinagar, where the two countries signed various agreements to enhance cooperation in the defense sector, skill development, health and education, as both nations seek to reduce dependence on China and bolster economic ties. After the bilateral talks, Modi noted that Germany is India’s most important trading partner in the European

New US ambassador to India pushes for deeper trade ties despite tension over Russian oil

NEW DELHI, January 12, 2026 (AP) — The U.S. and India are actively engaged on a bilateral trade agreement to deepen economic and strategic partnership, the U.S. ambassador-designate to New Delhi said Monday. Since Russia’s full-scale invasion of Ukraine in February 2022, India has emerged as the second biggest buyer of Russian crude after China, upsetting the Trump administration, which criticized the purchases as helping fuel Moscow’s war machine. In August, President Donald Trump signed an executive order to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United

General Budget on Sunday February 1: Lok Sabha Speaker Om Birla

New Delhi, Jan 12 (PTI) In a first, Finance Minister Nirmala Sitharaman will present the general budget in Parliament on Sunday, February 1, Lok Sabha Speaker Om Birla announced on Monday. This will be Sitharaman’s ninth budget presentation, one short of the record 10 budgets presented by the then finance minister Morarji Desai. The Budget session of Parliament begins on January 28 with President Droupadi Murmu addressing the Lok Sabha and the Rajya Sabha members assembled in the Lok Sabha chamber. Sitharaman is likely to present the Economic Survey in both the Houses of Parliament after the president’s address. The

Retail inflation rises to 1.33 pc in Dec: Govt data

New Delhi, Jan 12 (PTI) Retail inflation rose to a three-month high of 1.33 per cent in December 2025 mainly due to higher prices of kitchen essentials, including vegetables and protein-rich items. The inflation was at 0.71 per cent in November. The previous high was 1.44 per cent in September. The food inflation, based on Consumer Price Index (CPI), remained negative for the seventh consecutive month at (-) 2.71 per cent, though up from (-) 3.91 per cent in November. “The increase in headline inflation and food inflation during the month of December, 2025 is mainly attributed to increase in

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