Economy
With global oil supplies under threat and the Strait of Hormuz effectively a battleground, the Indian Navy has deployed over six warships to escort its fuel tankers to safety. Following direct talks between PM Modi and the Iranian leadership, Indian ships are among the few granted passage, providing a vital boost to India’s domestic energy security as fuel prices surge worldwide.
Often referred to as the greatest Englishman, Winston Silencer Churchill, the war time prime minister of Great Britain is as much part of the English lore as a cricket test match in Lords, Wimbledon tennis tournament and fish and chips. Small wonder, his belligerent visage often stare at users from currency notes; it will soon be a thing of the past as pound notes will replace his pugnacious visage with that of a badger.
The U.S. military has destroyed 16 Iranian vessels attempting to mine the Strait of Hormuz, marking a sharp escalation in the ongoing regional war. As President Trump threatens a military response “never seen before,” Iran has doubled down on its vow to block all oil exports through the vital waterway, pushing the global economy toward a potential energy shock.
India cut the goods and services tax on small cars, televisions, air conditioners, textiles and a range of household goods from September 22, in a major rate overhaul aimed at spurring consumption ahead of the festive season, even as Trump’s tariffs threaten the country’s exports.
The Indian economy is expected to reach $20.7 trillion by 2030 and possibly $34.2 trillion by 2038, according to the August 2025 edition of EY Economy Watch.
The United States and India are encountering a fresh tension in their relationship. Days before a significant increase in tariffs on Indian products goes into effect, US Vice President JD Vance has justified Washington’s choice, stating it aligns with President Donald Trump’s plan to pressure Russia to conclude its conflict in Ukraine.
Prime Minister Narendra Modi on Sunday said the Centre has circulated the draft of the next-generation GST reforms among states and sought their cooperation to implement the proposal before Diwali.
Prime Minister Narendra Modi addressed the nation from the Red Fort on the occasion of the 79th Independence Day. In what was his longest speech on Independence Day in the past 12 years, PM Modi emphasized the vision of creating a Viksit Bharat (developed nation) and made significant announcements, including forthcoming GST reforms and the Pradhan Mantri Viksit Bharat Rozgar Yojana aimed at the youth.
United States President Donald Trump has imposed 25 per cent tariff on India’s goods. The…
Advertisement
