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US tariffs could shave up to half a percentage point off India GDP, says finance secretary

WASHINGTON, April 23 (Reuters) – The direct hit from tariffs introduced by Donald Trump’s administration on India could shave off between 0.2-0.5 percentage points from GDP growth, the country’s Finance Secretary Ajay Seth said on Wednesday. “Now there is a sign of that…we grow about 6.5% in the current year,” said Seth, speaking at a Hudson Institute event on the sidelines of the Spring Meetings of the International Monetary Fund and World Bank in Washington. “Second order (effects) would be important,” said Seth, referring to concerns that trade turmoil would slow global growth. He added that he expected potential growth

Investigators probe deadly attack in disputed Kashmir as India vows to punish perpetrators

SRINAGAR, April 23, 2025 India (AP) — Security has been beefed up across Indian-controlled Kashmir a day after an attack killed at least 26 people, most of them tourists, as Indian forces launched a manhunt for the perpetrators of one of the deadliest attacks in the restive Himalayan region and leaders vowed to punish the perpetrators. Tens of thousands of armed police and soldiers fanned out across the region and erected additional checkpoints. They searched cars and used helicopters to search the forested mountains, and in some areas summoned former militants to police stations for questioning, reports said. Many shops

What is The Resistance Front, the militant group linked to Pahalgam attack?

April 23 (Reuters) – Kashmir Resistance, also known as The Resistance Front (TRF), has claimed responsibility for Tuesday’s attack on tourists in Indian-administered Kashmir, the deadliest incident of its kind in India since the 2008 shootings in Mumbai. Here are some facts about the group. WHAT IS TRF? TRF emerged in 2019 and is considered an offshoot of the Pakistan-based Lashkar-e-Taiba (LeT), according to the South Asia Terrorism Portal, a Delhi-based think tank. Indian security officials said TRF uses the name Kashmir Resistance on social media and online forums, where it claimed responsibility for Tuesday’s attack in Indian Kashmir’s Pahalgam

Rupee falls 25 paise to settle at 85.44 against US dollar

Mumbai, Apr 23 (PTI) The rupee depreciated 25 paise and settled for the day at 85.44 (provisional) against the US dollar on Wednesday, on surge in crude oil prices and importer demand for the American currency. Forex traders said the American currency recovered, supported by Donald Trump’s softened stance — particularly towards the Federal Reserve and China. However, positive domestic markets and weak US dollar index and foreign fund inflows supported the domestic unit at lower levels. Forex traders said the market found support after Trump on Tuesday backed off from threats to fire FED Chair Jerome Powell after days

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